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I don't think any of us that have been round long enough take STE2000 seriously.
Going on to THG. The macro is definitely improving which can hopefully get the SP moving. First hurdle is 70 which seems to be a rough area of resistance. US CPI on Wednesday is key for this week.
Dangerous GTC.
Considering most people on this forum seem to be underwater or breakeven at best, you'd have to have a pretty optimistic view of the world to think anything posted on this forum has any influence over anything.
Personally the only things I take from it is a sense of amusement that certain contributors go down to their local Iceland to check what range of THG products are in stock and where about they along with a degree of comfort that I'm not the only lunatic in the asylum.
And here’s Ste2k second account, aka badtimescoming
Some folk go to Iceland and some folk don't think a Revenue Multiplier is a realistic way to value a business.
Even though this is the most preferred option and is the best option for their investment.
Defo some crazies in all these forums ;)
SP holding is great. Take another run at 70p tomorrow and then £6 next week. Smashing! 🧨
So much noise over 0.85p rise
Correction 0.3p rise
S2K, you're back, I think you're the only poster that's referenced the rise at all this afternoon as small as it is 🤷
So you waited all day just to say that Ste?
At least it's a rise. Given that we jumped 7.5% on Friday, we could all be forgiven for expecting the price to re-trace somewhat.
It was actually up 0.55p on the day Ste. Just saying.
Maybe wait for the UT next time before confirming the closing price eh Ste?
Ste has obviously been busy today shorting $GME
@craftyinvestor
You can value THG anyway you want as long as I get my £35 a share. Do you want my bank details to transfer the cash - since its you I'll sell you them for £32.
Thankfully you won't be doing the valuations. If you were then we would never get there :)
Hahaha - that's funny coming from someone who posted this quote at 9.36 this morning.
The standout line in THG's FY23 results showed free cash flow breakeven was achieved vs an outflow of £213.4m in FY'22 and debt should fall from here as capex in the distribution network is largely complete (capex dropped to £46.3m compared to £94.9m)
Why would this be of importance if all companies are valued as multiples of EBITDA?
You know what the sad thing is you'll now post what you think is some terribly witty response, clearly misquoting / misrepresenting anything and everything to try to distract from the fact you've contradicted yourself yet again - followed by some sort of winking emoji so everyone thinks its just a bit of banter - its all pretty sad and tiresome.
No witty comment no winking emoji, just an honest question.
If you genuinely hold THG shares why are you undervaluing your own investment by using a valuation formula that is not common practice in either Nutrition or Beauty Sectors?
I have on many occasions provided examples of actual M&A based on multiple revenues but as yet no one can find a single LSE M&A in the last 10 years in the Beauty or Nutrition sectors with a value less than x1 revenue, which is often the case when comps are valued on multiples of EBITDA.
If you were selling your house why would you want the agent to sell it at a lower price than others in the street even though your house is in better condition and has more bedrooms, sorry but I just don't get it.
If you were selling your house why would you want the agent to sell it at a lower price than others in the street even though your house is in better condition and has more bedrooms, sorry but I just don't get it.
Who said their house is in better shape /condition, it's all a matter of view.
Just filter it ... fancy trying to understand lunacy ...
Back to normal. no volume/ red.
Ah good morning to you too Ste. I'm guessing its the "early shift" for you today.
@jed Specinam wants to use EBITDA multiples to value his THG investment instead of the sector standard of multiples of revenue. This is bad for his investment and makes no sense. Why would he opt for something out of the norm that will lose him money.
It has nothing to do with view and makes no sense at all.
All eyes on US data, this lunch time. Until then I suspect we'll be treading water. Business as usual would have seen any gains wiped out the following day. As it happens, it's holding up quite nicely.
@ste2k, in the absence of a capital event there has been a bit of debate on here of the upcoming change in LSE rules, a single share class, and hence index fund buying of THG. Sure you have a negative slant, I’m struggling to see it, so please elighten us?
Come on @ Ste2k, let’s have a view on the impact of the upcoming LSE rules please. You always have a view on everything, always negative, but always a view. Please don’t disappoint us