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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.
Has anyone also mentioned the 1M shares offloaded this morning in 2 tranches....?
Agreed ProxLDM. There wasn't anything in that TU to get excited about.
Still no strategy update. Still nothing about premium listing.
There are a lot of so called "Long term holders", on here that are just trading. They won't ever be honest about it.
I'm a LTH and I'm not happy with the update. The only division I have something positive to say something about is beauty...
Marketing/Sales as a whole for THG has been sub par. I'd cull the division - I'm a realist. Them results are not all positive, clearly published in a way to try hide key metrics. 1. Average order value down but much more improved macro economics from '23...
2. Why are we losing customers??? Why is no-one picking this up.
People should just be honest if they are trading.
Are you happy with the update STE?
Has it? What has changed to have such a dramatic effect on your behaviour? Apart from the fact you are just personally positioned differently?
Remember one should always have an open mind if the company changes its ways for the benefit of shareholders..
Hypocrite much?
One of the shorts was being very brave on Monday upping to 0.9%. No wonder Ste has been doing overtime. I think that position is going to get very expensive for that fund over the next 12 months 🤔 JMO Adyor
The tide looks to be turning and momentum could start to build in a positive direction for a change. 118p is the 12 month high just on a vague rumour last year about a bid from Apollo, this year looks different with some positive news flow, economic recovery and potential for interest rates to come down as inflation slumps from 11% this time last year to just above 3% now...Any suggestion of a spin off or rumour could easily see this quickly go past the 100p mark in quick order. JMO Adyor GLA..
We all have different perspectives, that’s what makes THG such an interesting share. I agree with Yorek that MM still retains the support of II’s who are taking a longer term view. Suspect they are all aligned on wanting to get off the LSE though. I expect MM to take out the free float in a friendly PE deal that allows existing II’s who want to roll to do so to roll, but not subordinated to new investor which was the issue with the Apollo structure. Couldn’t get that sort of deal done last year due to THG burning cash, hopefully he can soon. JMO.
It was much like previous presentations although in fairness to the CEO. I thought he did ok on the Q & A.
The SP does not improve on the jam tomorrow forward forecasting of a CEO who;
1. Plays silly games with last minute announcements which makes him look childish and just reinforces the perception that he is not cut out for the role making the company uninvestable.
2. Doesn’t take responsibility for the SP or oft poor numbers and engages in diversionary tactics to explain the exceptionally poor SP (shorts, Yen etc).
3. Has missed targets and projections so often that any future targets and projections are dismissed and therefore never lead to a positive sustained share price increase.
4. Refuses to provide a strategic update and allows a chairman to go missing.
The only ways out of this hole are to trade out and deliver positive numbers year on year and deliver profits or through a takeover. The latter won’t happen because the CEO and his mates control the shares and solidify their control through unjustified dilution.
The former will take years to achieve but is dependent on the removal of this CEO and the in office, but invisible, chairman.
This company is being held back by its CEO, he needs to resign and make way for a seasoned, mature and capable CEO with a track record of delivering good numbers, profits and a strong sustainable SP.
Until that happens, it will remain Groundhog Day for the company and its long suffering long term holders.
I’ve said it before, but will say it again…
If you are waiting for MM to be de-throned, then I think your chances are slim, as like if it not, I still believe he has the backing of most II’s, who know that patience is key. They also have the funds to stay the long haul. I also believe that in the majority, they believe MM is still the right person to run the show, as do I.
I also now think that a take-private deal is more unlikely than ever. I mean, if you were planning that, why would you share the details of a broker report, that tells you what you’re likely to miss out on in the future, if you sell your shares now. So, I feel like the future is likely to be partnerships and spin-offs, under MM’s rule.
Personally I have locked my shares away and like a couple of others, am happy to wait 5 years plus, if necessary, for what I believe will be big returns.
GLA LTH and goodbye to all those who are uncomfortable holding for whatever reason and decide to prioritise their mental and sell up.
LS11, I suggest you do a bit more research.
I suspect Darktrace reporting is very calculated.
Another company maltreated on the LSE imho.