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Global leaders.
Seamlessly adding websites at a phenomenal pace.
£14 billion Capacity - they will need more soon
£115m revenue forecast for 2022
Currently valued at absolutely ZERO!Lmao
As per linked in post, these guys signed up for the full suite of end to end Ingenuity products...
www.homeofmillican.com
Nice find @SP - Ingenuity valued @ £ZERO!!!
You'll find a better bag here:
https://wearemenos.com/
not big enough for THG but decent bags all the same.
THG Ingenuity £ZERO?!
https://storeleads.app/reports/thehutgroup
AS1 - Not sure if i posted it.
As per one THG employee, last week THG smashed internal records for the amount of websites launched in a single day and amount of sites launched in a week!!
Therefore business is doing great. Sooner or later the share price will have to reflect it!
Curious to know valuation placed on all the different parts of the businesses if they were separately listed!!! Billion $ question???
Beauty (partly covered by current mc)
Nutrition (currently valued at £ZERO)
Ingenuity (currently valued at £ZERO)
OnDemand (currently valued at £ZERO)
Cloud Services (currently valued at £ZERO)
Source: Citigroup Broker Note (AND common sense)
Remember Barclays in September? - "Analysts at Barclays have estimated THG Beauty could be worth about £4 billion but they warned that valuing the business is difficult “without disclosure of standalone margins.”
https://northernfinancialreview.com/2021/09/16/thg-confirms-beauty-spinoff-h1-revenue-tops-958m/
excellent brand,millican.
Barclays now value the whole of Thg at £1.5 per share….I really don’t take too much notice of analyst reports, esp ones pre inflationary climate . They just go with the flavour of the month. Less than 18 months ago some valued Thg at 1000p…most of coke cowboys
I like that description 'Coke Cowboys'
Pretty much sums up everyone in the city, covering our politicians all the way to our investment firms.
SP28: I take what THG employees say on social media re: how the business is performing with a pinch of salt now.
I recall - in January - we heard how THG had smashed all Black Friday targets (based on a LinkedIn report or two that was subsequently removed) and we all held onto our shares awaiting the mid January update (expecting the shares to explode). Many of us - including me - added more shares of the 18th January update.
And we all know what happened next ..... Update was presented and shares absolutely cratered ....
THG Ingenuity may well be performing well ....but it's not a reason to buy IMO.
Trenners
Absolutely agree Trenners.
82p seems to be the resistance of the day. BOO and ASC (not really full peers in my opinion, but the market suggests they are) doing much better.
Agreed but when you think about it logically….how on earth is this share not being bought at 82p!! Why do not institutions pop in and load up. Don’t get it at all
Sp28 can you share this LinkedIn post?
Thanks
I've no idea - there's no reason for them not to buy.
The company from a financial POV is strong, good B/S too - Cash is looking a lot better.
CAPEX investments will stop destroying our profit in the near future (If we stop buying companies for a bit)
It will be a profit producing business within the next few years.
But again - Companies go under the radar for so long (One with this much revenue I'm surprised at)
I was in a company a few years ago that 10x'd for me, all of their reports/data was indicating the share was going to do it. Yet people still avoided it and shorted it to silly levels.
"THG Ingenuity may well be performing well ....but it's not a reason to buy IMO"
Understand your points.
But point is if Eg Nutrition was valued at £800m million (just 1x revenue), Ingenuity at say £350m (just 3x revenue), i would say fine. Fully agree.
But currently NO VALUE WHATSOEVER IS BEING ATTACHED TO THESE DIVISIONS!!! LOL
Just read the case study on Neals Yard - pretty impressive.
In case anyone wants to read
https://www.thgingenuity.com/resources/case-studies/neals-yard-remedies
Based on the link Anacott shared, neals yard has moved to Shopify
https://storeleads.app/reports/thehutgroup
Why is everything always so uncertain / unclear on thg
THG Ingenuity - Neal's Yard Remedies
https://www.nealsyardremedies.com/
No uk aswell
The U.K. sites still says ingenuity for me
According to the report posted earlier,
Neils yard left THg for Shoplify
Here are the top THG Ingenuity stores that have recently changed to a competitive platform.
Name Domain Rank New Platform Changed
St.Tropez us.sttropeztan.com 47,476 WooCommerce 2022/05/22
Neal's Yard Remedies us.nealsyardremedies.com 99,292 Shopify 2022/05/22
St.Tropez uk.sttropeztan.com 99,854 WooCommerce 2022/05/22
Celltrient® www.celltrient.com 138,979 Magento 2022/06/13
Daimon Barber www.daimonbarber.com 263,557 Shopify 2022/04/11
Yeah- the wider point being it was under ingenuity and they choose to leave and use shopify in their largest market (USA)
It’s a cause of concern, esp as Thg are using neals yard as a case study
It’s a bit like auto store- Thg used to call them a partner, auto store called them a customer
I m A LTH and deep under water, so not looking to be negative. But am looking for good discussion on the point that was shared on neals yard
Neals yard largest market is U.K. surely? It started in Covent Garden if I’m remembering correctly?
But annoying it’s goen