Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Https://youtu.be/CwKllJ_mj3c?si=vMbDO-gujjYoVHCE
Video: Is Britain Falling Behind?
Contains a lot of information on valuation which backs up the material discount of British stocks compared to the US and the EU.
Here's the thing, no matter how much the app usage has grown beauty saw good growth whilst nutrition declined so you can't yet see any evidence of the app usage changing the performance of the business and that's what counts
That’ll do 🐖
700k shares bought / sold at 4.03pm
Forget the last post
Seems to be working OK
Also seems to be a lot of high value trades going through today
shorts closing out ?!
Unusual to see it so quiet
I think you're right there Phil... Direct, straight to the consumer. Slight hit on margin, so does this now mean the saving on advertising is being spent elsewhere or is that being used to compensate the drop in margin? I appreciate we're now into the 'unknown' but it's all food for thought.
I appreciate all views as it helps build a better picture or assist others. Right or wrong.
Glanbia have the benefit of being vertically integrated too, all the way back to the farms. Shows in the nutritionals, they are able to charge a premium as it's the better product.
That alone shouldn't be a THG killer in the sense the sector is big enough to accommodate premium/mid/low end brands. The challenge is if you're not Glanbia you're buying whey from general wholesale. No barriers to entry there, anyone can do it. Result is an explosion of competition of brands in the mid to low end, and it becomes a race to the bottom.
The data suggests the complete opposite to your oppinion. They spoke about this on the call yesterday, so I would point you in the direction of listening to that.
VC - I think that the point with the Apps is that a consumer is less likely to 'Compare the Market' when buying direct via an App. A simple Google may find better priced products and divert sales away from THG - a recurring direct sale via an App, even at a slightly lower margin, is better in the long run for retention.
Just IMHO.
I can read @Jb101
- As a customer i just don't see how it strenghens my relationship with the brand. I use the app instead the website because i get a better discount code there. That's it.
- first party data: What first party data? Also the website is built and powered by Ingenuity, so it should have first party data regardless?
The THG nutrition sales drop is also concerning for me, although they got new income streams with licensing deals and more offline offerings.
Especially the pricing power of the MP brand concerns me. Just look at how much Glanbias Optimum Nutrition are able to sell their protein compared to our protein products.
App participation grew to 24% of online revenue (Q1 2023: 15%), with particularly strong participation in the UK at 35%. Increased app revenue participation supports deeper relationships with our customers, providing valuable first party data and lessening the reliance on paid marketing channels.
Recently I've also started to use the MyProtein App to order my purchases, but i was a customer of MyProtein before and only started to use the app because MP offers better discount codes when you use the app.
So the margins are actually worse for THG when I use the app instead the normal website.
If the customer base isn't increasing, i don't see why a growing app participation would be a benefit for THG.
Maybe someone can enlighten me.
They have been quite clear that they pivoted away from lower margin/unprofitable areas of the world
Now sales of 160 and 170k. Like I said before, it's being absorbed well, but these are noticeable sales. I wonder who is buying....
Yea, but the issue stated is why wasn't it mentioned or brought up. Agree able the wait and it causing issues
OB, I agree. I’ve traded different stocks in the past and I’m fine with it and used to just post my positions, target entry points, exits. Who cares? Invariably I found I made tiny sums comparison to picking good stocks, which THG is, and holding long though.
This board has been completely ruined by posters writing so much 💩. I have no idea why they waste their time because a) what they write makes no difference whatsoever to the share price, so they’re wasting their time which you can only pity really, b) their motives are so transparent you cannot possibly take a single thing they write seriously - they add no value whatsoever.
For me THG is a hold for 5 years minimum and I’ll multi bag for sure. I didn’t even see either RNS’s until midday yesterday and I think most longs are the same so this board is for small players dabbling at trading which I cba with tbh.
The best news of the week is that CitySpy’s credibility has been completely shot and hopefully that account never sees the light of day again. Or its posts ever discussed on here.
On the results, a mixed bag obviously. Beauty was stonking after some ludicrous posts on here saying it needed selling last year when it was a bit softer - no finer reason needed to ignore all the bllx on here. Beauty is a great asset and personally I like the diversification that having different businesses brings. It’ll be great if we can turn all of them to growth but in harder times having a diverse business mitigates risk. Best news for nutrition was (in order):
- Matt’s softening to in store presence and the stats provided in the RNS. I’ve wanted that for a while and think the potential for growth there at home and abroad is huge.
- Indian manufacturing operation up and running in Q1;
- Japanese manufacturing operation in Q2;
- More global licensing deals incoming alongside the coffee, pancakes and marvel deals.
Hopefully all of these will help recover the Q1 numbers across the year. I think over 3-5 yrs Nutrition could reach $1bn sales.
Ingenuity is a long play until we win multiple new clients. Whitestuff was nice. Hopefully more of that over the year.
Over and out for now.
I genuinely thought that the great deluded on was not acting in the interests of all shareholders for a very long time, but it appears that he has maybe realised that swimming against the tide is not in the best interests of the company, its employees and other shareholders? Maybe he's finally grown up to the fact that he's not the only shareholder with an interest in this company..time will tell and maybe Kelso's involvement has helped MM finally see some sense at last? JMO Adyor!
Novice - It would be crazy to increase short at this level but then again 2-3% gain on £500K is a nice months wage for a city trader.
But who would be the one reducing at this level? The only one I think it could be is Kelso - But I can't remember their avg cost price.
"App participation grew to 24% of online revenue (Q1 2023: 15%), with particularly strong participation in the UK at 35%. Increased app revenue participation supports deeper relationships with our customers, providing valuable first party data and lessening the reliance on paid marketing channels."
So that answers the question of how revenue increased due to repeat customers but it doesn't answer the real question. Why are we losing customers? Is it pricing? Is it quality? What has changed from Q1'23 to today as the world is in a better place than it was last year. If we had retained the order value and customers we'd be looking at a much better Q1 update probably showing YoY growth.
I will appreciate anyone's views on this as I genuinely am a LTH and have incredibly high hopes for THG (I'm sat on a 6 figure holding for 2 years+) But what the F is going on with THG. Why is it underperforming, as if this was in my hands I'd class this as a failure.
I understand we aren't looking at the full P&L here solely at revenue, so I do appreciate the FCF positives that have come recently. But more needs to be done, you can only play the victim card so long before you have to look at yourself. MM has done incredibly things for THG (He's built an empire, creating generational wealth). Questions need to be asked.
Does he have the right team around him? I don't believe so. But then again I'm not worth £6-700M
Prox - good spot. There have actually been multiple reasonably-sized sales yesterday, though not as large as 500k. Either someone offloading or shorts increasing. We'll find out shortly, the bids have absorbed it well though
Premium listing was mentioned a long time back Cong as you well know. The "Wait" has just allowed the share to drift down.
Why do people keep mentioning premium listing when they have been clear they are awaiting the results, we know exactly what they have said
@prox online marketing/sales division is very strong which is why they are looking at M/A in this sector.
App participation grew to 24% of online revenue (Q1 2023: 15%), with particularly strong participation in the UK at 35%. Increased app revenue participation supports deeper relationships with our customers, providing valuable first party data and lessening the reliance on paid marketing channels.
Plus THG Society earns £300M annual revenue from £27M investment and we have a better social media presence than Boots and any of our Protein competitors.