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For instance, a State-level biomedical industrial cluster will soon be established in Chongqing, supported by five biomedical industrial centers in the Lin-gang Special Area of the China (Shanghai) Pilot Free Trade Zone and four other venues.

http://www.chinadaily.com.cn/a/202207/12/WS62ccd619a310fd2b29e6bd06.html

Solid performance, no where near the economies of scale enjoyed by THG - good numbers though (including acquisitions).

Creightons Plc (the "Group" or "Creightons") brand owners and manufacturers of personal care, beauty, and fragrance products, is pleased to announce its preliminary results for the year ended 31 March 2022.

· Sales growth momentum maintained in the core business despite the impact of Covid-19:

· Our own branded sales (excluding hygiene products) have grown by 37.7%.

· Sales of retailer own label products increased by 9.5%.

· Contract manufacturing sales increased by 29.3%.

· Total overseas sales have increased by 45.6% to £10.0m (2021: £6.9m).

https://www.investegate.co.uk/creightons-plc--crl-/rns/results-for-year-to-end-31-march-2022/202207120700050878S/

Cheers Sp, looks cool, already have the five year performance (big WB fan) but great to see the number sup there, video exudes quality and confidence, could be the start of a push back ahead of divisional separation.

"I received the following in a brochure from a large holder"

What sort of brochure Bonkers, was it like one of those holiday ones with glossy pictures of paradise islands ?

: ))

101% agree.

Hosai Today 14:10

Yup, its about the ingredients rather than a product line, owning a non animal whey substitute (such as whey forward) would be a good move imo, eliminating many of the problems associated with open commodity prices and inflationary pressures.

No worries, closed period so no board purchases at least for the moment, might be worth raising at results conf call.

Do you get a reply to your email on this NoS?

It would not surprise me if THG bought one of these plant based protein companies, its the way to go for a growing part of the market .

Wace prop traders, you can buy hair restorer in Boots now lol

Something New Is Coming | ‘Whey Forward’ Is Animal-Free Whey Protein

https://us.myprotein.com/thezone/new-products/something-new-is-coming-whey-forward-is-animal-free-whey-protein/

I noticed the unused thread on a d v f n is now occupied, that's fine and will attempt to answer a question here as (most read both boards).

First of all THG use several different types of whey protein in various products, sometimes up to three for dedicated protein offerings.

To get an accurate picture you would have to look at the following spot prices;

- Whey protein isolate
- Whey protein concentrate
- Hydrolysed whey protein

Given we don't know the exact quantities for each type it would be difficult to be exact, therefore using the European market for prices is the most reliable broad brush approach, they are after all interlinked in some-whey.

Nyprotein is manufactured in Europe with certified ingredients sourced from EU.

https://www.clal.it/en/index.php?section=siero_olanda

Johnny Cheng 0.40%
Simon To 0.29%
Edith Shih 0.14%
Weiguo Su 0.84%
Dan Eldar 0.02%
Tony Mok 0.01%
Paul Carter 0.01%
Karen Ferrante 0.01%
Graeme Jack 0.00%
Christian Lawrence HOGG 1.38%

Total 3.09%

Combined 79.76%

I have updated the shareholders following Goldman's purchase, if correct the combined total now sits at just under 80%

CK Hutchison Holdings Limited 38.47%
The Capital Group Companies, Inc. 9.08%
Goldman Sachs 5.16%
JPMorgan Chase & Co. 5.07%
CA Fern Parent 4.72%
Prudential plc group(6) 5.05%
Canada Pension Plan Investment Board  3.11%
Jean Eric Salata 3.01%
General Atlantic 3.00%

Total 76.67%
.

Extracts from 2021 full year accounts. As per previous commentary, whey prices almost back to July 2021 levels.

"Adjusted EBITDA of £161.3m, at a margin of 7.4% (vs 9.3% in FY 2020) reflects FX movements, company investment in talent and infrastructure, increasing raw material costs (principally whey), and freight costs which saw a marked acceleration in H2 2021."

"The full year effect of anticipated improvements primarily expected in the second half across whey commodity prices, business model efficiencies driving improved operating leverage and increased Ingenuity Commerce revenues, all support continued margin recovery in 2023 and a return to 9.0% to 10.0% adjusted EBITDA in the medium-term."

"Our medium-term margin confidence is supported by the transitory nature of a proportion of the cost inflation pressure, particularly concerning whey input costs which we expect to stabilise in H2 2022; the partial offsetting of non-transitory labour cost increases by automation; and increased revenue participation of Ingenuity Commerce which is margin accretive."

https://www.investegate.co.uk/thg-plc--thg-/rns/fy21-preliminary-results-and-q12022-trading-update/202204210700068357I/

This should have a meaningful impact on margins this year with prices almost at 2021 levels, it may also continue to fall as previously mentioned, once a trend has started very difficult to reverse mid year due to forward planning cycles.

Other market players must be getting fed up with Wace pegging the price, lets hope they push them to one side next week.

ACboom, that's only doing the same as whoiswho but with graphics , it scrape public data which is not worth paying for imo

Dear Marshall Wace LLP prop trader, shares are not for sale - thank you !

Yup, WordPress is also taking customers from Shopify too (big WordPress fan).

Did anyone make progress on the list of Ingenuity customers as handy to post on a d v f n, few users popped up on that thread now.

I looked at maybe using whoiswho for parent domain of THG hosting then subdomains, this picks up some customers but not all for a variety of reasons.

Are we to assume Goldman's actually have the 5% or so as per link, or do we need to factor in short position too?

I note that JP Morgan have a similar disclosure but HCM on their recently updated shareholder page report the long side only, any views on this?

Its possible some of the cross platform customers using both Ingenuity and Shopify is down to local fulfilment, THG are relative newcomers to the US market and may not have local fulfilment centres close to that particular customer base or operations, logistic on demand delivery is paramount.

As long as you have the customers home market covered then hopefully the rest will follow at some point.
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Maybe it wasn't the Chairman's share purchase the props were filling after all:

https://shorttracker.co.uk/company/GB00BMTV7393/

THG Ingenuity - Neal's Yard Remedies

https://www.nealsyardremedies.com/