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They announced Q1 beat on Bloomberg radio today on my drive to work.
Fragrance & Beauty sales were CHF 900 million, an increase of 16.3% LFL1 and an increase of 7.5% in Swiss francs.
Went on to say how good Beauty had been in Q1.
I don't know much about them except they provide cosmetic ingredients
Regards Andrew
Nadia GeorgievaNadia Georgieva
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Crazy how fast things change in your career!
🌷A year and a half ago I started at Myprotein as an Ecommerce Executive for the UK Trading team, to now be an Assistant CRO Manager globally, with a growing team that reports directly to me, feels unreal! I’ve been so lucky to have incredible supporters behind me who always guided me through challenging times & successes, which is a leader I aspire to be massively!
🌟So far in 2024 our team’s delivered seven-digit figures in projected annual incremental revenue through experimentation, and significant growth through personalised AI campaigns, giving us a head start from Q1 towards the rest of the year!
🧠Top things I’ve learned in March are that perfection can be the enemy, and you’ll never be fully ready so do it anyway; I also learned that the biggest lessons don’t come to those who succeed all the time, but to those who are not afraid to fail fast; and last but not least seeking challenge from others rather than agreement will give you a lot more thought for your brain!
Really excited for the upcoming months and the new ideas that will come to life through collaboration and resilience!
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Desperate for you to sell.
GTC 7 negative comments in 9 minutes.
Ste2000 also 7 in 9 minutes,
You might almost think they were working together to try and bring the share price down, or its the same person putting in a good shift, 14 comments in 18 minutes.
What a way to earn a living.
How was your day love? well I tried to make my fortune by making others lose theirs......
..
Steve,
I just wish my employees worked as hard as you.
Always around to try and spread bad news.
You must be an employers dream.
Keep up the doom and gloom.
Regards Andrew
Ps there is a correlation between the amount of bad news you post and the share price rising, usually a day later. so keep posting it.
Britvic plc
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That PI will worry themselves into selling.
whilst others will short the stock and post rubbish. roar
They must know something.......yada yada yada
Even better we will post 20/30 times a day saying the sky is falling in.
If you are not going to reduce overheads why invest in automation.?
Personally, I am in favor of reducing costs and increasing margins.
Alternatively, we would have people on here saying they are recruiting like mad and increasing costs and it is just a vanity project.
But then I am a long term investor.
Thank you for the link, just read it.
I liked the following.
When the the group published half-year results on 14 September, despite positives such as a revenue boost for the Nutrition division up 2.6% to £340.7m, revenues had dipped by 14.9% at Ingenuity to £320m.
Behind the numbers, it’s all part of a “very clear strategy and direction” at THG Ingenuity that’s slowly coming to fruition by pivoting away from lower-value clients to larger, higher-value enterprise clients.
Speaking to Prolific North, Ganotra explained the “natural revenue lag” is expected as the division has shifted its strategy and continues to win new business.
“It’s an adjustment as we shift our focus to the right type of customer base. As we win new business, there is a natural revenue lag between us winning business to starting to recognise revenue because we go through an implementation phase with those customers.”
With new and expanded partnerships with the likes of L’Oreal Group, Matalan and Asda, it’s shaping up to be an even busier time at THG Ingenuity.
“We can see that trajectory already playing out with the customers we’ve won in H1 and early H2. For me, it’s about patiently executing our strategy quarter to quarter. We are seeing that our value proposition is resonating in the market.
“This will start to bear fruit as we go into 2024.”
I am holding more THG than ever before and at times it is quite uncomfortable.
I honestly have no idea if this goes to £1.50 or £2.50 or even higher over the next year.
Just like everyone else on here.
But I think it is reasonable to assume we will bounce back to £1.00 in next 6 months.
Which is a 40% return from here.
Sodz law this time it will go to £1 in short order and £2 soon after I sell.
Anyway think the risk/reward is good at this level.
We are not going bust and the break up value is a lot more and if we actually start to make a real profit.........
It is no more complicated than that.
Have a great day everyone.
But someone is adding to their position, wait and see.
But rather than having price zoom up they are playing it cool.
Hence, we on the board say THG is a leaky ship and price not moving which bodes ill for the results.......and they get our shares on the cheap.
Be careful.
Andrew
I think most of us on here expect good results in September. Stating the obvious I know.
At which point this takes off again.
When I look at the price drop it could be that someone knows something. Leftfield.
However, I suspect it is just shorts getting out or a large order.
Hence, I am topping up another 50,000.
Never thought I would say that.
;-)
I have been reading some of the comments which are naïve.
An RNS comes out selling a loss making business.....good news.
The share price has been going up like a rocket and plenty of people would love to close their short.
They have a throw of the dice and start dropping the price, pretty regular, but the board gores into meltdown.
So loads of new characters appear saying we are doomed........People believe this rubbish and The board has a further melt down and the price goes down.....
My advice , stop trying to make sense of something when it was as simple as the share price being manipulated..
Yes I am p... off sitting on many shares but not blaming MM for selling a loss making business because come the results I will be rewarded.
Please just relax this was good news.
Have a lovely weekend all LTH
Andrew
Mmmm anyone would think the shorts have been losing a lot of money.
;-)
Always enjoy a concerted effort to bring the price down.
Unfortunately, they are wasting their time, one swallow does not make a summer.
Good news just keeps on building.
Seen it all before......long term holders will continue to accumulate.
Have a great weekend all LTH.
Andrew