MWR 4.40% 9.5¢ mgm wireless limited

Ann: Half Yearly Report and Accounts, page-26

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  1. 111 Posts.
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    Thanks chuk, 
    "3,500 new app subscribers for January. Considering many families will have 2 or 3 watches, that might translate to around 4,000-4,500 watch sales in January. Great result and in line with what I was getting from Applyzer and JB website monitoring. "

    I'd be interested in your thoughts here. I'm assuming that subscription to the app is a discretionary decision the consumer makes. If there were 6,200 monthly app subscribers up to end Dec 18, we know that there were 15.1k units sold up to Oct 18 and we don't know how many sold until end Dec. But for ease lets say a third of consumers opted to subscribe to app.in that period. If there were 3100 sign ups in January , could this mean over 9000 sales in Jan? If so this would be a very nice result. I know this is likely simplistic as drop off rate likely increases with time and also realise Dec/Jan may be a bit of a peak period... Sorry will confess to not really understanding how the app subscriptions work so happy to be corrected.Also healthy school revenue increase of 20% from last year which is very healthy. Excellent buying opportunity until imminent UK distributor/s announced I suspect.GLTA
 
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