Dabs.com claims record Xmas
Talk again of IPO
David Atherton, owner of online computer retailer Dabs.com, is talking again of IPO, after record Christmas sales, The Sunday Telegraph reports.
The Bolton-based firm reported Christmas sales of £7.5 million, of which £4.5 million were "unassisted Internet sales". Dabs reported Christmas sales of £6.8 million in 1999.
Based on turnover and profits and the £37 million price achieved by Jungle.com in the trade sale to GUS in September, Dabs could be worth £50 million if floated, "observers believe" (a euphemism for a financial PR company - or Dave Atherton - we reckon). Dabs made £600,000 on £61 million turnover last year, and it forecasts £100 million sales this year. The company reckons it has ten per cent of UK PC sales made by mail order or the Internet. ®