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Another viewpoint might be that you would have to be something of a fool to take note of someone with a 2 post history, who calls people with a different opinion to thiers idiots, gobsh*yes and Muppets. 🙄
You’d have to be an idiot to believe that some of these uninvested gob5hites on here are commenting because they are concerned for holders. Proper muppets
THG Ingenuity has been an expensive folly here and no two ways about it, one that has held back more rapid expansion of the parts that work of THG Nutrition and THG Beauty.
So also has been the £50M spent on keeping prices low at THG Nutrition, whilst trying to retain custom on DTC. The proof in the pudding being that contrary to all he said previously they have had to roll out MP Bars in the likes of Sainsburys, Asda, Decathlon. Imo to keep the sales numbers up.
I made a conscious decision a few weeks back to sit light into the Q1 numbers as I didn't like a lot of what I was seeing: Several Sets of Redundancies, Vivek departing, £30M plus share options for a derisory share price, The Iain Mac debacle. Severe lack of sp positive catalysts being utilised despite countless suggestions and Jefferies also pointing to a difficult quarter for THG Nutrition.
I can always review things after the numbers are out.
Adore.m beauty is classic case of trying to fill
Capacity and sweat some
Fixed costs better
That warehouse in Melbourne must be 20 per cent full
Disgusting
And they still havent learnt. the t wat tried to but adore beauty for circa 100m...with what cash!!! even in FY 23, they managed to reduce cash by 50m. he has no financial discipline.
comical how bad he is. Nut is, board is, IR are
You know it is ironic
If they would of just paused for breath and sat on the cash chest after ipo and SoftBank raises you could see it being valued now at 3-4bn
The cash on the balance sheet today would have so much more power than the sht they blew it on trying to in vain dominate the world
They couldn’t just wait and sit and see how Covid unwound itself
It’s ironic
See its the only etail that has now gone red. its a nightmare this one. for what reason on earth is it red?
on capacity, its another disaster, yes around 12BN gmv, and only using less than 2bn for nutrition and beauty, and maybe that again for external. what were they thinking, and how can get not get more business.
1 bn cash wasted in 3 years. its a disgrace
But for those of us who are more glass half full, THG’s fully invested global infrastructure does give them an huge opportunity if they can get Ingenuity proposition right and start pumping some volume through. Because no one else is getting the capital to go and replicate that sort of d2c infrastructure investment any time soon. And brands still want to play in global D2C, so will want the service from someone JMO
Yep ste
Scary how much spare capacity is idle after blowing the ipo money on vanity warehouses and hardware
They are really pressured on fixed costs here remember Jg saying in The 2021 disaster call they have 14bn of gmv capacity
If it’s. It full its absolutely shafting shareholders
Just can’t get in with moulding driving it
Less like bezos more like posh dunky at superdry
Eurobond maturity worries me to 500m
Do we know THG has excess capacity? It wouldn't surprise me but there's no transparency here for investors to know one way or another. Some of these leases have 20+ year lock ins so if there is spare that will be a challenge to wriggle out of. Incentives a bit skewed, where surrendering leases or price reductions would benefit the company, it would mean reduced income for CEO. At least it's convenient for Moulding to negotiate better leases as he can do it in front of a mirror.
No one will argue that Ingenuity needs to win some clients sharpish….If no material progress this year as the macro improves and FMCG start investing again then I would move into the Moulding out camp
You re not wrong polish. nut is sitting and paying for so high spare capacity, where are the client wins. h and b is a minnow with like less than 100m online GMV
You still looking to get in Polish?
Shows how hated and toxic it is
Thg fulfilment costs 13.5 per cent vs asos at 22 per cent
Some differences behind it but fundamentally Thg on this p and l should be dominating
Yet it can only get a couple of minor Thg ingenuity fulfilment deals done in 2 years
Absolutely pathetic
Correct, they have an unemotional ceo, we have a manchild who seems to have attention span of a bug
Came to post the same message spookily enough. ASOS numbers on a like for like comparison of rev, ebitda, cash etc worse than THG yet their SP rises as it’s already low and no shocks. The delta between the 2 is we got an arrogant idiot running THG they do not.
Incredible really. asos an utter duster up 10%, but just doing what it says it will do
Nut group dropped 10% on its larfable version of FY results, with miss after miss
where / when/ will there be Q1 - another 10% drop. ws 88p start of 2024. now cant even take 60p. woof