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Just one point…Based on historic norms, the TU was not late….in fact it was on time, it was the results that were early.
Results & TU were delivered together on 18/4/22 and 21/4/23. This time we got results in 10/4/24 and the TU on 23/4/24.
My personal belief is that they are drip feeding better news, to try and have a positive impact on the share price…
On the whole a positive update today and great to see double digit growth in Beauty. Slightly concerning the level of decline in Nutrition. As someone mentioned earlier today, it seems the decision to protect the consumer prices last year hasn’t really paid off.
What I really can’t quite put my finger on though is the reason for the delay of the update? Nothing here seemed to be time sensitive and no real standout wins that landed late. The last minute notice of results yesterday is just a big F U to everyone else outside the “circle”. The only thing missing today was an image of David Beckham celebrating his free kick against Greece tagged on the LinkedIn post with Mouldings face photoshopped on as the match winning hero of the day as we look at the SP sitting currently at the dizzy heights of 65p. 👏
Roll on to this hitting my B/E point after holding this for nearly 2 years as I will be running for the hills because with this guy at the helm we’re clearly just 95% unwanted noise.
One day of a 4p rise and you're all acting like it's a new dawn 😂😂
45p, 55p. All the same. You just trade it. It's all It's good for now. Eventually it'll either need another cash injection/dilution. It's just not profitable.
Still waiting for the 45p ?:
Hardwell
Posted in: THG
Posts: 249
Price: 59.70
No Opinion
RE: Q1 Update19 Apr 2024 20:25
😂😂😂 Good luck all, but I'll buy back in at 45p after the Q1 update
Ah so you’re a trader. Makes sense. But why buy at 55p? If the company is making no money and running out of cash as you say, why wouldn’t you wait for a much lower entry point ?
I'd buy back in and out to trade this...it has a trading window of about 55p to 70p which is wide enough to bank a regular 5%. As for keeping it long term...nah.
Cumulative losses of £1 billion + means no corporation tax for many years to come....not a bad plan to make losses in the early years of trading, allows the company to invest in its infrastructure and expansion plans with no tax to pay..
Hardwell you say all this, but then you’ve also openly admitted that you’re keen to buy back in here again? Make it make sense m8
That's an alarming anecdote but not all that surprising. Mad has the same tone in his social media stuff, lots of emojis, he seems to find it all a bit amusing too, there isn't the humility you'd expect from presiding over a company that's now made cumulative losses of £1bn+.
Cash flow wise last year's annual report does have a rare lucid moment stating: "free cash flow positive from 2024 onwards." Can't see it ending will if that's another goalpost that gets moved.
Nothing has changed at all PMH...don't give the slightest F about shareholders. CEO's got it all tied up like a federation football so they don't matter.
Interestingly I was talking to a senior bod from THG Saturday morning. They were actually laughing about the fact the company makes no money...
The problem with THG remains...eventually MM will run out of other people's money. My advice to all invested here is keep an eye on cash...in versus out. And I don't mean the " £600m available facilities" as that's just a credit card...
Decent uptick in beauty..holding the prices on myprotein was a disaster.
I struggle to see what is changing here..
1) giving shareholders less then 24 hours notice about trading update and conference call - again
2) nothing about strategic update
3) where Is Lord Allen that is being paid £400k?
4) premium listing news?
Shambles really..seen it so many times before…small uptick today and it will drift back down to mid-high 50’s..