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Disagree Bwana4 (and good afternoon btw),

investors and analysts are looking too short term imo, one quarter doesn't make a summer.

THG seed investors have been around 10 years or so , unlikely to throw in the towel just when passing peak CAPEX, now that would be daft and very short sighted.

This is what Balderton had to say at IPO

https://www.balderton.com/news/balderton-portfolio-company-thg-goes-public-on-the-london-stock-exchange/

Matt and the team will be around for a long time yet, don't worry about that!

It would be nice to see NJ launch next week with a bit of Autostore fan fair, that and further details of separating Ingenuity now 'A THG Company'

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I would imagine Kelso are waiting for Tues update before announcing their own AGM agenda.

Fidelity plans China fixed income product launch

Beijing granted Fidelity permission to tap China’s US$3.7 trillion mutual-fund market through its wholly owned entity in December

China’s mutual-fund market has grown at a compound annual growth rate of about 20 per cent over the past five years, according to Fitch Ratings

https://www.scmp.com/business/banking-finance/article/3216464/fidelity-plans-china-fixed-income-product-launch-after-targeting-market-debut-equity-fund-float

It may not seem like progress but THG have in fact move up to position 271 on the all share index, comfortably inside the 250 classification and auto entry.

Its also worth noting the gap between THG and BOO has increased to around 12 points.

http://www.stockchallenge.co.uk/ftse.php

PARIS, April 12 (Reuters) - LVMH (LVMH.PA), the world's largest luxury company, reported a 17% rise in first-quarter sales, more than double analysts' expectations, as China rebounded sharply after COVID-19 lockdowns.

https://www.reuters.com/business/retail-consumer/lvmh-sales-lifted-by-strong-chinese-rebound-first-quarter-2023-04-12/#:~:text=PARIS%2C%20April%2012%20(Reuters),sharply%20after%20COVID%2D19%20lockdowns.

Evening Hosai,

Both Ulta and e.l.f have similar business models which are mainly based around, beauty shops, hair saloons along with large retailers, from memory online sales represent less than 20% of overall sales, possibly as low as 13 - 14% for e.l.f.

Both are very good at what they do, totally on top of their demographic through a well subscribed loyalty card programme.

The market is paying for a 'sticky' customer base, reliable earnings which have done well despite inflation and interest rates, seemingly unaffected, downside of course is overheads.

..but yes, I agree with the gist of your post ..

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Tesco have just announced price reductions on certain key items, other supermarkets expected to follow soon.

Article has extracts of the interview, certainly changes the dynamic especially after snubbing Boing

https://apnews.com/article/macron-taiwan-china-eu-us-interview-cb176f4d1f0a03429c1e0d106df4896d

e.l.f beauty upgraded ..

Don't even look at five year chart, its like a tech stock

https://finance.yahoo.com/quote/ELF?p=ELF

Agree davey, Airbus deal and Macron getting plenty of attention too, worth listening to this interview to see how Macron shaped his visit, even mentions follow the money ..: )

https://www.cnbc.com/video/2023/04/12/frances-macron-made-alarm-bells-go-off-with-taiwan-comments.html

Appreciate everyone is a bit nervous ahead of next weeks update but my suggestion would be to look at the business itself, progress within.

Are they delivering on their long term stratgey and IPO path?

In my view the answer is yes, its only the analysts who have changed their opinions/valuations/price targets.

Very pleased as an investor to see these new clients Scaling up, Ingenuity is a hugely 'sticky' business which will gain traction in due course.

Look at the high street, massive declines year on year with shops, pubs and banks, irreversible trends in play.

Last few weeks has seen some great posts both here and a d v f n with little or no interaction, everyone glued to short tracker for answers?

..paddle your own canoe, let the analysts swim behind : )

Talking of Ulta ..

Ulta Beauty COO on record-breaking sales

"In its fiscal fourth-quarter earnings last month, the beauty retailer reported record annual revenue in 2022 that surpassed $10 billion for the first time in its 33-year history while its customer loyalty program reached an impressive 40.2 million members."

https://finance.yahoo.com/news/ulta-beauty-coo-on-record-breaking-sales-the-whole-store-is-hot-142511750.html

Update here Canary, cheers bob;

"We leave Will Wilkes, Sean Byrom and Toby Feist to keep fighting the good fight and more of us will be travelling out/returning later this month to see this beauty go live and support the great Operations team that we have in New Jersey."

https://www.linkedin.com/posts/andrewwynne_team-thg-autostore-activity-7038551656233361408-_Doa/?utm_source=share&utm_medium=member_android

A while back there was a fair bit of discussion around WBA, perhaps this is a coincidence but noticed No7 USA pop up on top 100 THG Ingenuity sites. No7 UK has been listed for a while along with the brand being available in US stores (Target, Ulta and others).

https://us.no7beauty.com/

Couple of bits of interest; its a main brand within the Boots line up featuring prominatley within recent results, beauty also being highlighted as making a strong contibution:

https://www.walgreensbootsalliance.com/our-business/no7-beauty-company

Location wise WBA has offices not far from THG's NJ site:

Kim Green, Director of Finance - Commercial & FP&A at No7 Beauty Company

https://www.linkedin.com/in/kvg323/?trk=public_profile_browsemap

There's a good chance WBA are utilising the new Autostore facility with an eye on expansion, along with Heinz and Nestle they represent some of the worlds largest and most established brands.

Something to look out for in the weeks ahead..

Looks as though they are not binging in replacements from outside, could be further signs of cost cutting helping the bottom line.

I thought the news yesterday from Tesla was really encouraging.

Highly recommend reading todays posts by Leoneobull & London07 on a d v f n

https://www.thgingenuity.com/

Kelso have a couple of weeks to hold their AGM voting on fund raise.

Looking forward to their market update and guidance on what the funds are for, adds a bit of spice..

Follow the money :)

"It is Tesla's first Gigafactory outside the United States, and the plant delivered 710,000 vehicles in 2022, an increase of 48 percent from 2021. It has become Tesla's primary vehicle export hub, with electric cars selling well in the Asia-Pacific, Europe and other regions.

Thanks to the excellent business environment in Shanghai and the Lin-gang Special Area, the Tesla Shanghai Gigafactory has an industrial chain localization rate of more than 95 percent, said Tao Lin, vice president of Tesla.

Tesla's decision to build the new mega plant in Shanghai is a positive signal demonstrating foreign enterprises' confidence in the Chinese economy as it bounces back from COVID and presses ahead to maintain steady and quality growth.

China has reiterated its commitment to opening-up in recent weeks at different events, expressing a willingness to share the dividends of an ultra-large consumer market with the world and its consistent resolve to boost common development for all."

https://www.chinadaily.com.cn/a/202304/09/WS64327ae4a31057c47ebb9172.html

Lots of speculators complaining about management no doubt brought on by a long weekend and four days margin interest to pay. With current interest rates spread bets and CFD's lose any tax advantage after 28 days v ISA.

Chaps its a bank holiday, lighten up !

Now the US is worried about jobs as China buys Airbus planes instead of Boing, even sending a delegate over.

" After a recent visit by French President Emmanuel Macron, for instance, Beijing agreed to deliver 160 Airbus planes, and Airbus agreed to double its production in the country."

https://www.cnbc.com/2023/04/07/commerce-officials-heading-to-china-to-lay-groundwork-for-possible-raimondo-trip-later-this-year-sources-say.html

It feels as though Kelso has been brought in to help and support rather than an activist, perhaps there are mutual friendships between the two ?

Hedge funds are incredibly secretive while stake building in order to obtain the lowest price, the exact opposite of what's happening here, same with Sparta.

Is anyone going to the Kelso AGM when announced?