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Fair points dimi. I think anons reasoning will be put to bed on the next trading update which is due shortly and will cover the lucrative Easter period. The short might not be high, obviously less than .5% given it has not been disclosed but anon fails to realise this is a highly illiquid stock with only 137 million shares in issue. Relatively Small trades one way or another drive the dial significantly hence a small short actually has a more significant impact
All fair points anon and there will definitely be some negative consequences for HOTC due to the cost of living crisis. However, I'd argue most of their clients are probably well off considering that it's a premium product. If the heating bill increased from 50 quid to 80 per month does that make a big difference to a middle class person? I think most won't even notice it. Same with price of bread, fuel, etc. Unfortunately, the current higher prices will probably hit the poorest the hardest which is bad for our society. However, from HOTC point of view, that's probably not their target group anyway.
Shorttracker and this site don't mention any short worth worrying about.
I'd say it's more likely because it's a massively overpriced (P/E 82?) smallish growth company selling a luxury product in an inflationary world facing massively rising costs in a sector that is now seriously unloved to people who have a lot less money to spend.
In other words, things couldn't be much worse and I'd expect this to keep falling for months at least.
It appears that a short has been taken out which probably accounts for the otherwise inexplicable recent fall in the share price. My trading account for April shows that 13% of my shareholding has been loaned out to work against me. It really is an obscene practice which should be outlawed.
Pretty good price here, shame I don't have any dry powder left!
Just for info. Recent trades at 387p. are buys not sells. GLA.
Great interim results today
That's looking a bit of an understatement!
Looking a bit weak atm
Anon
You are right, not much interest, in trading at least, with the markets looking at bigger or newsier beasts. But the numbers look very good. I would like to think the SP has further north to go from here in the run up to the half year results on 1 March.
I think it was a tough day on the markets. Might catch up tomorrow, it's an excellent update.
Mind that means no games with ramper/de-rampers, and the price did actually go up on better news!.
Blimey, not even one reply and hardly any volume.
I think we have to admit that there's just no interest here.
Agreed. And don't forget Europe. Sooner or later they can expand there as well. Obviously a lot harder to compete with Neuhaus, Läderach and Jeff de Bruges than American "chocolate" but the quality is there. I have family in Europe and I bought them for Christmas both Hotel Chocolat chocs and Harrods chocs at about the same price - £20. They were a lot more excited about the Hotel Chocolat box! Anecdotal evidence, I know but still. Mind you, since they live abroad they haven't really seen any Hotel Chocolat advertising and don't really know the brand but obviously they know Harrods.
I think next time I'll buy them Charbonnel et Walker to see, if they still prefer Hotel Chocolat haha
It is a serious fallacy to rate a high growth company on earnings alone. Look at the EV/Sales. Still reasonable.
There are amost no other competitors in their position and so far their growth in the US and Japan has been explosive. This is a definitive rollout story, backed by an incredible premium brand.
I've been a customer years and nobody comes close to their quality or service.
Well, if you assume 20% growth it's normal to have a PE double that, isn't it? So a PE of 40-ish seems fair. Definitely not deep value at this stage though. I think the thesis here is that it's a great company and we should just let them do their thing. Any surprise should be to the upside.
I like the business model, the management team, the opportunity set, and the growth potential, I am seriously struggling with the rating. Its on a truly astronomical rating, even taking 2019 figs with diluted eps of 9.7p and applying 20% growth for coming year, it is on 43x earnings!
People are more likely to write reviews when they aren't happy. It's the way of the world. What about the possibly thousands who think the opposite but don't feel the urge to tell everyone on social media?
Can anyone post this as it's behind a paywall but something about going global
They are only useable with specific nespresso machines, not all of them.
If they get this right it could be a game changer for them. But it's not about the coffee right now.
It's presumably like anything- you buy the one you like. I've just looked at the marketing on this, and the machine and it is rather impressive. You are doing yourself a favour by buying their kit, recycling the pods and supporting the growers- and ultimately shareholders, of which I am one.
As much as I love their products I wasn't impressed by the coffee. I tried all of the types and only one was good, all the others were average at best. Not sure if the coffee itself isn't that great or the capsules don't get pierced properly in my Nespresso machine so the coffee ends up being a bit watery. I saw other people complaining about it as well in the reviews on the Hotel Chocolat website.
Perhaps the capsules work better with their own machine?
Let’s hope the new Hotel Chocolat Coffee Podster they have just launched is a successful as the Velvetiser, it looks good and may be the reason for today’s share price rise.
Why no trade since 9.04 this morning?