The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Definitely a lot of positives in terms of outlook (esp the acceleration of growth in the second half if it plays out) They now need to show us sustainable profitable growth (even at a modest level to start)
Horsetrader. This is now looking like and excellent recovery play. Should go back to 20 pence in no time and a nice recovery to 40 pence is very possible. ALL UPSIDE NOW. Good time for new holders.
Happy with these results and out new Blackburn factory has allowed company to be cash generating. A great recovery play. Happy with these results and the future prospects. Problems sorted and its up from here.
This is the important bit for me .
Momentum is building, as evidenced by revenues for each of April to June being records for the respective months. We expect revenue growth for H1 to be approximately 7%, with Q2 growth of approximately 12%. Due to our extensive change programme, the trading contribution3 will be approximately 19% compared with 11% for the same period in 2022. Given the superior trading contribution and tight overhead control, we expect to be EBITDA positive in 2023.
Expected revenue growth in 1st half of 7%. Growth of 12% in 2nd half. With new factory in Blackburn capable of producing revenue generation of £200 Million.
Looking very good going forward. Strong buy
Full year results 29th June
https://www.voxmarkets.co.uk/rns/announcement/e49f782c-0661-4f19-bced-6dc0422d2cb0
Some commentary from THG this morning re commodity prices "Commodity prices continue to ease, with further margin benefits expected in H2 2023." Hoping to hear something similar here next time they update
Some very big late trade is reporting today. So what is happening now.
When 16 is broken it is a quick gap up to 24 pence.
Looking good for a positive Q1 / Q2 update and the push for growth + profitability.
Not sure when it’ll drop, early next week with AGM date?
Continual rise up looks certain now. Costs are down so profits must go up...
Looks like the momentum is building up
Lots of big buys early this morning. Why powder is now half price. That has got to be good for the company. If your costs are halved in your main core produce it has got to be good for profits
Yep, looking good for SiS.
Crazy that a business, after years of investment, with the ops side / new site sorted and on the potential of moving into profit with sales of £60m+ (all from its own brands) is valued at £23m (still below the PhD valuation when SiS bought it).
Any sign of growth + profitability when they release EOY + Q1 update in June and I’d expect a rerate.
On the flip side, sure that ‘profit’ has been said a few times, so until the RNS is released stating it’s actually moving into profit and they don’t need cash for growth, then I’ll remain sceptical.
Looks like something +ve is brewing up with so many trades and some big trade is going through.
there is now someone rather keen on bid
Easy double bagger....
looks like start of the next leg up...
Still there are Some Big Trades (1m) are going through and no news yet!!
Still there are Some Big Trades (250K) are going through and no news yet!!
5.5m ‘sold’ on Thursday and another 3.3m ‘sold’ on Friday.
Any ideas why TR1 hasn’t been issued or why the ‘buys’ aren’t showing up?
Given the share price keeps creeping up, I’m assuming there’s going to be a load of delayed buys working through the system?
We’re approaching 10% of total SiS shares being traded this week now.
Some interesting commentary re sports nutrition businesses this morning from Kelso (investment company which has recently bought a stake in THG)- the EV/sales metrics reflect very favourably here albeit we are tiny in comparison
https://www.investegate.co.uk/kelso-group-holdings--klso-/rns/update-on-thg-investment-and-placing/202304210700039829W/#
Its starting to look like the 7p was a bit of an anomaly
Interesting presentation from the site visit- all looks very promising on paper! Disappointed with the lack of PDMR purchases "down here"....
There are some Late reporting of Big Trade (2m). Someone is building the stake. Probably a bid is very close.
Chunks of just over 1% of business being bought everyday recently, must be due a TR1 shortly?
Site visit will be more about maintaining relationships and showing the institutions what they’ve spent their money on. Might even be a few new faces / institutions.
Interesting to see if this sparks any movement in institutional stance post visit.
Pack is broadly in line with what I’d expect and have seen previously. My main take out from it is 40m protein bars are being moved from external to internal manufacturing, that’s a lot of value being returned to the business!