Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
@404 I saw the spelling mistake after I hit the button, unfortunately, there is no edit on this crap Forum.
You know that companies in the Beauty sector are fundamentally valued as multiples of revenue.
You might not like it but this is a fact and has been debated many times on here and nobody has ever provided an example of one that isn't over the past 20 years
For THG Beauty to have 1 billion in revenue and £255m market cap shows just how undervalued THG is :)
New tax year tomorrow and more tax free investments.
Ste/Goodtimes can you drop the price a bit more for me please av got some new ISAs that need filling up tomorrow.
THG is not going bust and is grossly undervalued we all know it, even the shorts.
They just waiting for the instruction to go long. These fookers make money on the way down and on the way back up.
Next time this goes up make sure your profits are tax free :)
Just for context, Ultra Beautys shared tumbled 14% on news of a lackluster Q1
Even after a drop of 14% their Market Cap is still $21 billion on revenue of just $3.5 billion
THG Beauty's revenue on the other hand is $1.3 billion and has a market cap of $300m
CRAZY the price difference between USA and UK comps
LSE is broken, all the smart money is going over the pond. Get the deals done Matty and lets get gone :)
https://uk.finance.yahoo.com/news/uk-investors-record-8-8-070213490.html
LONDON (Reuters) - UK investors put a record 6.97 billion pounds ($8.82 billion) into equity funds in the first quarter, led by demand for North American equities, fund network Calastone said on Thursday.
North American equity funds saw record inflows of 5.72 billion pounds over the quarter, Calastone said in a statement.
“The U.S. earnings recession is over – profits are once again on the up and that seems to be the main catalyst driving fund inflows and higher share prices," said Edward Glyn, head of global markets at Calastone.
Global and emerging market equity funds also enjoyed inflows, but UK investors continued to withdraw money from domestic equity funds, taking out a total of 2.13 billion pounds over the quarter.
"UK equities are certainly cheap, but investors worry where the growth is going to come from," Glyn said.
Calastone's figures, which mainly track retail investor decisions, are not comprehensive, but give a good sense of UK flows.
10m Brits feared to be junk food addicts, costing the NHS £15b a year
https://www.express.co.uk/news/uk/1883833/uk-obesity-crisis-costing-billions
Governments worldwide will be forced to tax sugar and steer populations towards healthier eating
Cheap, widely-available, fast food is blamed for a catalogue of killer conditions conspiring to make the UK one of the sickest on earth.
As many as 10 million are now feared to be hooked on junk despite knowing it causes serious harm.
Revenue from Myprotein products sold under licensing arrangements has scaled rapidly to over £36m (FY 2022: c.£2m).
Full Year 2022 £2m
Full Year 2023 £36m
2024 Jan to March £50m
Full Year 2024?
I would love to know what the guidance for full year 2024 is, remember the Jan to March 50m figure does not include the new coffee or pancakes partnerships.
Defo gonna be £200m and with new products selling in more outlets guidance could be closer to £300m
And that is just in the UK.
MyProtein is working hard to get new licences in USA and links with Costco have been mentioned.
Although the returns on these partnerships are low, they are risk free and are a great way of promoting the brand
Still got MyProtein yoghurts and cereal to come and with more and more attention focusing of healthy eating now is a great time to be in the wellbeing and nutrition sector
matty did say the macro is changing and hinted that this is the year for the big plays. he has to do something before the agm otherwise the 'baseball furies' will kick the **** out him and the shareprice.
thg is a traders/shorters dream and mm is right it is no place to grow your business
get the deals done matty and lets get gone!!
https://www.cityam.com/london-markets-will-be-dead-if-rate-of-decline-continues-warns-peel-hunt-chief/
london’s capital markets could end up “dead” if they continue at their current rate of decline, the boss of peel hunt has warned.
steven fine, who heads the mid-tier investment bank and broker, fired a warning shot to the market today over the dearth of ipo activity and speed of firms delisting.
“our industry has been dramatically hollowed out over the last five, 10 years,” he told the financial times. “if we carry along this trajectory we will end up just like the irish market, which is dead.”
the comments come after a volley of warning shots from the firm in recent months over the state of london’s public markets.
in a note to investors this week, the bank said that the small-cap index of smaller firms in the capital could be gutted by 2028 if the “relentless” pace of de-equitisation continues.
a number of firms have fallen into the sights of buyers this year, with 12 coming under offer in the first three months of the year alone.
“the relentless m&a and the de-equitisation, the lack of refilling the hopper is starting to bite quite hard,” the peel hunt chief told the ft. “i’m not convinced the ipo market is going to open soon.”
There is no delay ? The last few years have been 18th, 21st & 15th. With no definitive date how can there be a delay.
If you are talking about the RNS to inform the market about the results date then this also has no definitive date.
I seem to remember similar noise around the last results when they announced the Holland & Barret deal.
We know there is already one Ingenuity customer with 1 billion GMV with all this talk of partnerships am hoping for news of a few more.
Roll on results day :)
How much is THG Labs worth?
So many sub divisions within THG including Labs, Society, Fluently, Eco and Studio
Knox Lane - backed Elevation Labs acquires beauty and personal care brands manufacturer Boomerang Labs
https://www.pehub.com/knox-lane-backed-elevation-labs-acquires-beauty-and-personal-care-brands-manufacturer-boomerang-labs/
Elevation is a maker of beauty and personal care products
The fresh warnings will likely fuel fears around the health of the London Stock Exchange after a torrid 12 months in which new IPOs have dried up.
https://news.uk.cityam.com/story/2145550/content.html
The London Stock Exchange could be stripped of smaller companies by 2028 if the pace of a current “feeding frenzy” continues, according to a top investment bank.
Two years after acquiring a stake in Grown Alchemist, L'Occitane Group, known for its portfolio including brands like L’Occitane en Provence, Melvita, and Sol de Janeiro, is divesting its majority stake in the Australian cosmetics brand founded in 2008 in Melbourne to private investors.
https://us.fashionnetwork.com/news/L-occitane-divests-its-stake-in-cosmetics-brand-grown-alchemist,1620611.html
André Hoffmann, former CEO of L'Occitane and current board member, has acquired a majority stake in Grown Alchemist, while Anna Teal, the current CEO of the brand, becomes a minority shareholder. The transaction is valued at 28 million euros.
Last week two public companies announced their intention to quit the London Stock Exchange’s AIM.
https://www.linkedin.com/posts/christopher-maguire-30a96931_why-are-so-many-public-companies-delisting-activity-7180125297445359617-WQjG/?utm_source=share&utm_medium=member_android
Moulding said the LSE was no longer the place where ambitious companies go to raise investment.
Of course, the cases of giants like THG and Hotel Chocolat are very different to smaller companies like C4X Discovery and Byotrol.
According to a statement by Byotrol, the directors unanimously concluded that being listed is no longer in the ‘best interests of the company’ and that ‘we should now seek cancellation of the company’s ordinary shares on AIM’.
The main reason given for the delisting was that it’s no longer ‘financially viable’ for Byotrol to trade as an AIM quoted business.
Put simply, Byotrol say that being listed is hampering their growth.
Byotrol’s statement is remarkably similar to the reasons given by C4X Discovery Holdings.
CEO Dr Clive Dix.HonFBPhS said: “We believe that we can potentially access a larger quantum of future funding required to accelerate our strategy as a private company and therefore we believe that a cancellation of the company’s admission on AIM is in the best interest for shareholders and for the future of our business as a whole.”
One experienced dealmaker I spoke to said the decision by C4X Discovery and Byotrol was probably driven by the same thing – the desire to raise funding.
He also made the valid point that one reason for the drop in listed companies is the fact not many companies are choosing to go public.
Only 4pc of UK equities are currently owned by pension funds and insurers, down from 46pc in 1997.
Mr Morse said: “There has been a structural shift away from equities over the last 20 years as pension funds have been allocating away from UK equities and into either global or different asset classes. That has not helped.”
https://uk.finance.yahoo.com/news/cut-taxes-save-london-stock-090000068.html
Fears that London’s once-thriving stock market is becoming a global backwater have been fuelled by a collapse in the number of new companies coming to market.
Only 23 companies floated in London last year, raising £1bn. It puts the market behind the Oman stock exchange for the amount raised through new listings.
This year has also started slowly, with Kazakh airline group Air Astana and MicroSalt the only new debuts so far.
A raft of exits from the FTSE 100 to rival exchanges, including the likes of Tui and CRH, and the failure to convince chip designer Arm to relist in London has also hammered confidence in the market.
The dwindling size and prestige of the London market means Microsoft is now worth more than the entire FTSE 100 combined.
Cmon Matty get the deals done and lets get gone :)
another unreal distribution win for our vimto clear whey! recently launched into over 420 tesco stores
https://www.linkedin.com/posts/elizabeth-jennings-a11403143_another-unreal-distribution-win-for-our-vimto-activity-7176587901223227393-ethz/?utm_source=share&utm_medium=member_android
well done to the myprotein team for making it happen… with lots more to come this year! gabriele b****gjan ryan hinchliffe gareth gray matthew l.
@ste massive ramping over Bank Holiday?
Less than 20 posts over the last 3 days and not all of them positive.
You can rack up 20 posts in half an hour if the price drops 2p ROFL
Last week C4X Discovery and Byotrol announced plans to quit London Stock Exchange’s AIM. Chris Maguire looks at why that is https://businesscloud.co.uk/opinion/why-are-so-many-public-companies-delisting/
Last week two public companies announced their intention to quit the London Stock Exchange’s AIM.
First it was drug discovery company C4X Discovery Holdings, followed 24 hours later by Byotrol, a specialist infection prevention and control company.
Coincidence or part of a deeper trend?
Research by UK trading platform XTB found total listings dropped 6 per cent to 1,836 last year. According to XTB the peak for listings came in 2013 and there’s now growing concern that London is losing its status as a global financial hub.
Of course, criticism of London’s public market is nothing new – just ask THG founder Matt Moulding.
He has regularly criticised the behaviour of hedge funds, media and bank analysts, who he says have created negative coverage against listed companies, including his own Manchester-headquartered eCommerce giant.
Remember all the work on the Ingenuity fulfillment centres has now finished and they continue to cut capex and are now reaping the rewards with faster delivery times and improved margins
Unlike any other company I know, THG has the luxury of owning its own D2C platform so can offer very competitive rates to Beauty and Nutrition even if a 3rd party comes knocking.
Beauty and Nutrition bring in nearly £1.8 billion in GMV revenue and this will be guaranteed for many years to come. As I have explained on a number of previous occasions any THG divisional sale equals long-term contracts for Ingenuity.
THG Ingenuity has pivoted and is now attracting bigger clients.
This was in last years January statement During 2023, the Group expects to add over GBP1 billion incremental GMV to the Ingenuity platform.
FYI As Ingenuity's pivot to larger, more complex Enterprise clients is gaining momentum, reflected in some key client wins and a strong pipeline. We were thrilled to be listed in the Gartner's Magic Quadrant(TM) for Digital Commerce, in recognition of our ability to provide an all-encompassing Direct-to-Consumer journey, cementing Ingenuity as a key partner for Enterprise clients seeking comprehensive commerce excellence
If you listen to this webcast, Matt Moulding says there is one stand-alone customer on target to beat 1 billion GMV
https://stream.brrmedia.co.uk/broadcast/650d93e739ad9f961be9df87/652e379260419d1d649d0a26
MM says:
'The pipeline for Ingenuity is very strong.
There are a number of clients that are of a scale to come close to 1 billion GMV.
In fact, there is one stand alone customer that is of a scale to beat 1 billion GMV on its own.'
Was MM talking about Zyn?
In January 2022 (just 2 years ago) RBC said this:
We project that Ingenuity Commerce could increase tenfold to £500m of revenue in five years and gave it a valuation of £4 billion.
Total Revenue for Ingenuity FY2023 £673.4m
External £153.7m
Internal £519.7m
Is this the reason why Apollo is so interested in THG Ingenuity?
One thing is for sure the current market valuation is zero. Make it make sense :)
I posted this back in January :)
Is Zyn the billion dollar whale :)
https://uk.zyn.com/
Philip Morris' (PM) Focus on Smoke-Free Products to Aid in 2024
https://uk.finance.yahoo.com/news/philip-morris-pm-focus-smoke-124600110.html
Philip Morris' (PM) strong pricing power and focus on smoke-free products provide some cushion against soft cigarette shipment volumes.
Among other initiatives, Philip Morris became the majority owner of Swedish Match on Nov 11, 2022. The company witnessed impressive results from the Swedish Match business in the third quarter, driven by ZYN
Revenues from smoke-free products (excluding Wellness and Healthcare) jumped 35.7% to $3,234 million (up 16.2% organically) in the third quarter of 2023. Total IQOS users at the end of the third quarter were estimated at roughly 27.4 million (including nearly 19.7 million who switched to IQOS and stopped smoking).
Never underestimate the power of TikTok, I always said Zyn could be the billion pound Ingenuity partner MM was talking about in the Q3 webcast
Zyn nicotine pouches are all over TikTok
https://apnews.com/article/zyn-pouches-nicotine-smoking-tucker-carlson-026cc2789b48c10581a56242f4b23a4a
Zyn nicotine pouches are flying off shelves.
https://edition.cnn.com/2024/02/08/business/zyn-nicotine-pouches-sales-earnings/index.html
@knockout LSE is crap
This is the stat that stands out like a sore thumb
'New companies raised £12 billion on the LSE in 2021. That fell to £338 million in 2022 and this year (so far) to just £18.5 million. '
And how is LSE going to fix it?
Give the CEO a £6m pay rise, you couldn't make it up
https://boardagenda.com/2024/02/21/executive-pay-packet-of-11m-revives-remuneration-row/