Member Info for 1pencil

We have covered Glanbia before, lots of synergies between the two which makes it more 'doable' for both sides imo.

The big one of course is fulfilment, Glanbia use 3PLs across the globe, would Ingenuity locations be a good match for replacement?

From memory Glanbia sold their dairy business to focus on core brands such as nutrition.

Good to see PCW partnership coming together, its been a while in the making.

Aug - 21

In conversation with Herculano Rodrigues of THG Ingenuity

https://www.pwc.co.uk/issues/business-in-focus/podcast/in-conversation-with-herculano-rodrigues-of-thg-ingenuity.html

Looking at the NASDAQ 'days to cover' column, its calculated by taking the short interest 1,228,780 divided by average daily volume 113,910 = 10.787288

This of course is incorrect as daily volume will be comprised of buys/sells, to assume its all buys would be crazy and so would the share price, a more sensible calculation would be to attribute 50/50 buys sells - this would equate to business days to cover or roughly one calendar month.

Above relates to NASDAQ only, there's HKX with another hefty chunk sold short.

Volume low on NASDAQ, pretty chunky short position of over 1.2m shares. NASDAQ site indicates this would take almost 11 days to cover with todays vole, that assumes 11 days of consistent buying too.

05/31/2023

1,228,780

China lowers rates, going to be hard keeping a lid on with this backdrop

Cheers Canary

Tingly Ted's moving up a gear, funny ad/video 'coleslaw' - it would be nice if THG Studios were involved

https://www.tinglyteds.co.uk/

Link has been posted before but perhaps worth repeating as underlying trends accelerate.

Plant health Care gets a brief mention a fair ways in.

Its worth Googling Dwight to get an overview of his background, Ospraie AG is of course a Plant Healthcare share holder

Dwight Anderson, Ospraie – A Tiger Cub’s Take on The Chaotic Commodity Markets

https://www.youtube.com/watch?v=gLGkokdz9wo

Had another listen to the interview, Karen is mustard and she didn't appear to be using notes either, particularly liked the bit where she said 'that's why we chose Takeda' or words to that effect.

Sounds like there was a bit of a line up of contenders.

When drawn on revenue she referenced the recent Takeda deal as a bench mark for potential, again sounded very confident - Goldman presentation next.

A quick note on this and Storeleads which has a slightly different approach.

Both work by scraping data from the front end which is sometimes buried in the T & C's or elsewhere, this is okay but can exclude sites where the customer still uses their own web site/Ingenuity backend , so basically these lists are far from comprehensive.

https://storeleads.app/reports/thehutgroup

Aftership updated with quarterly stats

https://www.aftership.com/store-list/top-100-thg-ingenuity-stores

Nothing ground breaking at first glance, although I have noticed somewhat of a trend during the last 12-14 months.

THG-owned beauty segments currently selling product from suppliers are now evolving into Ingenuity fulfilment partners, with each update this trend becomes more apparent as the numbers grow. Examples exist from Shu Uemura (L'Oréal Group) to No7 (Walgreens, Boots) along with many others already previously mentioned.

It seems an obvious approach now and again adds confidence to that elusive £1b GMV figure

"Hey THG great job selling our products, why don't you distribute for us as well"

Omorovicza a new addition (US and UK) with a huge array of uber high quality products.

https://www.omorovicza.com/skincare.list

Ingenuity = sticky customers

Its difficult to get stats for individual quant funds on performance, the next best thing is to monitor SG trend index which houses some of the largest quant funds globally, including Systematica Investments.

The collapse of SVB caused a major drop.

YTD performance -1.44%

Agree bots, also the climate and water issues with traditional treatments - EU countries have to take notice of water toxicity levels which are monitored quarterly, or even monthly during peak periods of concern.

Living next to a main river the local EA park of my land often popping up for a chat, it gives a first hand insight into what's actually going on and why. Public are mostly unaware until the signs go up to stop swimming in reservoirs due to high levels of algae.

Origin still active

https://www.lse.co.uk/rns/OGN/acquisition-of-british-hardwood-tree-nursery-15fadd971t5cctv.html

Absolutely OSG, hope other posters are not put off posting openly.

Kelso, 9th June - bit slicker perhaps ..?

https://kelsoplc.com/wp-content/uploads/2023/06/KELSO-Investor-Presentation-June-2023.pdf

Agree with Jatw's comments re: Karen, she comes across very well, Goldmans lined up too on 12th June.

Market awaiting stimulus package for China.

Cheers for the feedback, all good this end.

Not sure if folks realise the background some of these investors have.

In terms of overall sentiment I see this as hugely positive even if their investment is (so far) relatively small.

Nigel Wray

https://v2lights.co.uk/news/welcome-to-the-team-nigel-wray#:~:text=Having%20begun%20his%20career%20as,ranging%20from%20publishing%20and%20property.

Cheers HH

This is an open forum for discussion. If you don't like my posts use the filter, do not try and moderate the forum.

I find posts talking about Golden share pointless but make light of it.

Worked orders, small beanz but then again so is todays volume, Kelso still favourite though.

Missed this first time around, but Nigel Wray has a holding in Kelso via his company Glengrace Limited, share holder register reads like a real who's who for movers and shakers.

Incredible illiquid, just 10 shares on the offer NASDAQ

Bid * Size $12.23 * 300

Ask * Size $12.30 * 10

Kelso will update soon which will reveal any trading in/out of CFD's conclusively.

For those about to hit the keyboard and claim Kelso sold out at the top, shorted then bought back same amount - that too will also be revealed although it may only become apparent through their accounts, trading revenue being reported separately.

Whilst Kelso have a very open mandate I think it unlikely they would attend an investor presentation while at the same time selling out of their key asset, how would that look.