Member Info for 1pencil

There is a bit of a naming convention with the 'Name' column almost always remaining the same, 'Domain' changes after a while to reflect the actual Name and site more accurately.

My initial view was a general online aggregator store, bit like Bicester Village sort of thing, didn't pay too much attention tbh - all the co's involved are listed and under a fair bit of scrutiny, doubt if they would let something like this slip but you never know..

The firm sees a potential 24% upside to the MSCI China index as the country moves past the reopening that followed its stringent zero-Covid policies to a growth phase, according to a Monday note.

https://www.cnbc.com/2023/02/20/goldman-sachs-sees-china-stocks-surging-by-end-2023.html

Interesting point on data and very valid in these times of data compliance.

Boots are already preparing for the inevitable 'cookie less' world by leveraging their own data insights gained from loyalty cards and such, the beauty of this is then used by their suppliers for manufacturing, design and marketing purposes - suppliers become customers, how good is that business model, Boots Media Group

Apple introduced 'cookie less' browsers a while ago, Google and Microsoft not quite there yet but only a mater of time imo

Tons of optionality with THG now, Kelso, Boots, QIA the list goes on...

Wall Street has been buying heavily into United States-listed Chinese companies over the past few months, a move that is primarily supported by the improving outlook for China's economic fundamentals and the progress made in the supervision and regulation of internet companies, experts said.

http://www.chinadaily.com.cn/a/202302/19/WS63f243cda31057c47ebaf9a7.html

Pearls, the Softbank option lapsed, nothing has replaced it.
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Dg221, what's interesting is the Softbank partnership introductions were part of the original deal, so its entirely possible they revisit a more formal arrangement as before, at the moment there is no official agreement in place
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Its in my post

buckelfern, Nobody said Softbank was continuing to help THG.

"Through the help of the European SoftBank team, THG has spent the past 18 months working with countless SoftBank portfolio companies assessing possible partnerships."

Cant help but wonder why is Softbank continuing to help THG after their option lapsed/sold holding?

Clearly Softbank will benefit directly from their holding in Autostore if used by THG/Softbank partners but nothing from THG itself, unless...their original lapsed option is back on the table?

That would be a win win situation for Softbank and at least regain some of the original lost expenditure.

"It was the SoftBank partnership announced back in May 2021 which developed our relationship with AutoStore. SoftBank was a large shareholder in AutoStore ahead of its stock market listing. Through the help of the European SoftBank team, THG has spent the past 18 months working with countless SoftBank portfolio companies assessing possible partnerships."

I think the numerous analysts are in the same boat as us, no idea what to expect as it was so out of the blue.

We may well find they have been in sale talks as part of the strategy review, must be sailing close to that by now although Takeda deal puts them in a much stronger position negotiation wise.

Catching up on the past weeks activity,

This para stood out from Matt's Instagram post when viewed in conjunction with the Jan update, it could help underpin managements outlook.

"Through the help of the European SoftBank team, THG has spent the past 18 months working with countless SoftBank portfolio companies assessing possible partnerships."

Jan update

"During 2023, the Group expects to add over £1 billion incremental GMV to the Ingenuity platform."

The £1 billion we know is incremental throughout the year, its worth remembering guidance on RNS reporting when considering further RNS updates, RNS Reach notwithstanding.

Hosai, Holy, good useable info.

BOL!

"due to the costs of the RNS's we are having to issue we have now gone bust. This is our last RNS"

With you HH, only glimpsed a few posts here and there as busy with work projects

It could be the case that many of these £1b GMV contracts also do not qualify RNS wise.

What are other folks thoughts, tbh I don't really know what to expect, could be quite a dramatic change given the strategic update.

The answer is they need to have a material impact on the bottom/top line, RNS releases are not for marketing the company.

It's a judgement call between the board and its advisors, as a general guideline the announcement should increase/decrease revenue by 10% or more, this is only a guideline with many exceptions - for example a contract is split over five years with only a small proportion receivable in year one, provided you have visibility over the full time this would warrant a RNS.

In THG's case they would need first year revenues to increase in excess of £200m to qualify (broadly speaking)

Another exception is if it's already been mentioned perhaps in an earlier release, this may well not qualify for a separate RNS - also BAU contract wins, again same rules apply.

Someone mentioned £50k on one for the forums per RNS, they used to be £120 for a standard release but may have increased a tad.

RNS Reach is a different kettle of fish and may qualify for some of the above.

HCM seems to have been included in NASDAQ trackers as a distinct change in price performance, unfortunately the NASDAQ is behaving like a damp *squib

Results should give some more insight as to how the new strategy is panning out, first full update since Nov RNS.

Points of possible interest

> Cash balance although not so important post Takeda deal
> Shanghai opening/commissioning
> U.S. FDA strategy for Surufatinib
>Head count, especially US operations post Surufatinib
>Forward guidance, profitability under new direction

(notice the word 'squib' and not 'squid' as many use, lol)

U.S. demand boosts L’Oreal fourth-quarter sales, China weighs

https://www.cnbc.com/2023/02/10/us-demand-boosts-loreal-fourth-quarter-sales-china-weighs.html

That's exactly what I mean, fixation of the forum, in practice nothing will change due to the large percentage of supportive and long term holders.

Sofina and Balderton but also family, charities and friends ..

Investors want the share price to go up, that's understandable but in y opinion this is not the catalyst.

I wouldn't get your hopes up on this Golden share thing which has become a bb fixation, in practical terms nothing will change.

We may get some news out of the FCA around April time on what's happing with the proposed regime changes, its not guaranteed and only a suggestion - it could take longer to ratify the whole thing if there are significant new proposals.

this is what THG's management are waiting for before proceeding, ball is with FCA.

Difficult to fight against the US indices which are extremely weak at the moment, especially NASDAQ

Fed taking a very tough stance on inflation, upside is it feels close to the bottom bouncing along as it does..

Going through old bookmarks, thought this maybe of interest. No doubt some unprofitable due to local infrastructure but gives a good overview & perspective.

https://www.aftership.com/store-list/top-500-thg-ingenuity-stores

Welcome back Boom, glad to see you had a result with Tesla.

Did you buy on margin again, only ask as there was some chatter about not being able to go long/short with leverage?

Okehurst1, two points

I cannot have a discussion based around information you have invented

"margin is 1% GMV" - this metric does not exist which is the basis for your whole argument.

Point 2,

At 12.37pm you said

"I won’t mention again"

That didn't last long..