OKE - You are a gent, thanks for the info.
HOPPIN - I hear you my friend but surely any new business win that is materially significant should be announced via RNS?
So do you think that the £bn's is smaller incremental deals that in of themselves do not warrant a notification to the market?
Seeking a friend!
Every morning I check the RNS and nothing about the 'whale'.
Is anyone else here thinking its another foot in mouth hot air statement from MM on social media?
Aside of the macro espousing that £1bn worth of new Ingenuity business is in the pipeline from back in Jan and we are now in the middle of March its not surprising that the SP has just retracted.
My concern is that we will see the same in the April results, probably near 0 growth the FCF prediction (along with EBITDA) could potentially slam into reverse??
May have got out of the wrong side of bed this morning but feeling frustrated!
First Republic down over 60%.
Looks like the regionals will be assimilated by the big boys. You cant transact business without a bank so all the panic is just hot air, it will all settle out in the next week or so.
If rates keep rising at the current pace and frequency interbank lending will literally dry up to nothing which will massively impact growth of many sectors especially tech.
Added to that the trillion dollar PE/VC cash pile will just stay in the bank and not be invested, its the highest level of dry powder virtually in history.
I could see even a pause in rates to let the markets settle and then, hopefully, and its a big hope, the latent impact of current interest rate rises will catch up and we will see meaningful inflation come down of its own accord at around the current rate levels.
Morning all,
I think we all knew opening would be as per playbook seeing us in the high 50's but looks like support came in quickly this morning which is very promising.
Without any RNS and the state of the US markets holding in the 55p to 60p range is not as disastrous as the run down with Jupiter and Softbank selling last year when we saw 30p.
UK inflation is more under control than the US and results are circa a month away so I think on this rainy Friday it isnt all bad. Consolidation here and a run up to results then a rally would be the ticket now.
Feels really **** to have to crystallise shares for them to go up a matter of weeks later Crow, been there a number of times myself.
£50k up in the first 6 weeks of the year on the mini bull run and now £25k down....got back into THG on the rises thinking we have broken the mda's and big news will land to get over £1 then results with big news will propel towards £2.
Hasn't quite worked out but just taking some paper losses at the moment hoping we have support at this level and the SP will ultimately move upwards as the months tick down. Have to keep thinking that MM and Allen bought shares around this level (averaging down), and have faith in Kelso that they actually know more than me.
All the rest is timing and a bit of luck.
Fair point Stock.
Its frustrating that almost all other shares where rumours are abound they are fairly quickly confirmed vis RNS. I don't understand with all the LinkedIn hyperbole that we are not seeing this flow through via the RNS??
Unfortunately Moulding has a really bad track record on revenue and EBITDA forecasts and lack of communication to shareholders and I assume like you that no new is great news for the shorts and for price action as we are seeing today.
Morning all,
I wonder if the increase in shorts the other day was connected to the announcement that THG were offering buy now pay later? It could be viewed that this may be in response to weakening sales and the shorts are betting on this being reflected in the April results?
More generally the rumours of Boots and other unofficial news (which can certainly be seen as positive) has run us up then run out of steam, surprise surprise because there is no official RNS to confirm to the market.
I welcome the increased activity on LinkedIn but Moulding, please can we see some rock solid confirmation of wins, new partnerships etc to get us out of the sp rollercoaster!
All,
I am a member on other boards but wanted to give you guys the inside track that Lotus Sanctuary CIC has been placed in administration as of last Friday.
Lotus makes up 12.2% of Reit revenues and although the company claims that it has been paid outstanding rent by Lotus I highly doubt that the bills have been settled.
I know this first hand so please take and use this information as you see fit.
Good luck.
That's pretty funny Bull.
I used to give him some slack but now I think he is absolutely clueless. Maybe he should switch up and work for Oxfam or something, seems more up his alleyway if you know what I mean...
100% Smartpee.
I don't think I have ever seen anything like it from a listed company.
Missing his own guidance massively (repeatedly) and making promises on a whim that simply do not materialise. Even more bizarre the fact he is a trained accountant...
In the early years of THG, we couldn’t afford to hire experienced, sector relevant people. That’s start-up life, especially when using your own money!
With an incredibly tight budget, Graduates and Apprentices had to be a key part of our workforce from the get-go. Young, inexperienced people are naturally cheaper to hire, given the basics of supply of demand. I knew nothing about Internet, Retail or Tech when setting up THG (I'm told a good few people argue I still don’t). It was just an idea, backed up with a passion to make it happen. And so hiring a young, inexperienced team was never going to be an easy ride. As it happens, we quickly found it became a formidable competitive advantage.
It’s not been plain sailing, but the rewards are everywhere across THG. One of our early apprentices is Daniel Berry who joined us in December 2010 as a Customer Service Advisor, earning c£4 an hour. At the time THG was tiny, and so I knew most faces in the business. But I didn’t know Danny.
A few months later, I received an email from a lady in Warrington detailing the most incredible customer experience she’d received. She told this story of how she’d ordered something and it hadn’t arrived yet. She was going on holiday the next day and so called the contact centre to cancel the order. She’d spoken with Danny, who’d seen the address was near to one of our warehouses. He told her he’d sort it. He raised a replacement order there and then. After his shift finished, Danny drove to the warehouse, collected the order, and took it to her house in time for her holiday the next day.
What makes Danny’s actions all the more special was that, at that time, he was living in a tiny flat, with his now wife and their new born baby. Despite the clear personal pressures he was under, he used his own scarce resources to fix an issue for THG. Within days of the email Danny was promoted, given equity in THG, and his career fast tracked.
Fast forward 12 years, Danny is now the Group’s Chief Experience Officer, managing all our contact centres and a global team of 550 people. I asked for a picture with him to put on LinkedIn for National Apprentices Week. Made me smile when he popped round my house after work last night…….driving his Range Rover. I think most of Danny’s extended family now work somewhere in THG. Must be strong family genes.
We’ve recruited thousands of Apprentices and Graduates since starting THG. Obviously not everyone’s career has followed Danny’s, but we genuinely have countless more real life stories just like this.
Such is the focus on growing our own Talent at THG, the average age was 33 years during last year. This was the average across c9,000 people globally. My guess is this is c10 years less than most organisations of our scale. It takes a serious focus on Apprentices and Graduates to maintain that start-up mentality, especially as you onboard thousands of new roles.
We remain committed.
Thanks man.
With UK stocks being seen now as undervalued and the Macro improving this year I hope that we are all blessed with some good fortune. I also think that something big will happen with THG by Summer or so. We are at a pivot point this year where I am prepared to gamble on the upside.
Yes, its me.
I am back.
Dusted off after last year and much thought around THG. I think its not a growth stock at all (we have seen this in the last few earnings announcements), but what I do think is that it is a capital play with sale/partial sale/restructure etc etc
hence my decision to get back in (got to make my money back right)? 55p average (last year £1.16 average).
Also, done alright on Tesla from Jan so off to a positive start in my trading account so feeling more relaxed!
Exactly.
The tax losses sit with the company and NOT the shareholders which obviously change over time.
Not to mention the value by listing/selling the separate divisions in the future once the tax losses have been recouped.
Moulding is not the man to take this forward, BUT the is at least £2.00 to £2.50 per share sitting right in front of our eyes, only needs unlocking.
THG is an absolute belter for unlocking value by breaking up the 3 divisions, possibly sell beauty/nutrition or both separately and relist Ingenuity in the US in a few years
This would immediately unlock bundles for Kelso without them having to wait for the SP to make significant organic gains. The above is about as simple and basic as Kelso's statement about the value in THG and why they invested....
The tax losses belong to the limited company for as long as it exists in its current legal structure (breaking up the company may change the allocation of losses per division for example).
If you buy the whole ltd company then you would enjoy all the historical tax losses to offset against future profits.