Member Info for danl90

Candlesticks mean nothing on results day

@mando out of interest why did your business not choose ingenuity and why not change to them now?

Perhaps you could be a mole and see what ingenuity is like? Call them as a perspective customer and see the offer and price difference (given your experience)

Would be a great bit of research

The drop was covid related and that Asos was cash poor vs peers. Everyone though initially no one would shop so Asos didn’t have the cash to run off for a period unlike boohoo

Growth certainly seems possible. Asos has great own brand ranges (I know as I buy them) and also a large part of the extra growth will come from marketplace model and look how successful that has been for zalando

Also beauty is a big boost. £150m of revenue here and great brands

Business needs to crack USA and also M&A. Answer to both is a BSD US CEO. That Asos didn’t buy Missguided is a crime. The current board are nerds. Which is great as we have the best and most efficient platform but they lack the hairy spuds for bigger plans (topshop was a need not a must)

Ebitda margin again will come from automation of Lichfield and US. Also partner fulfils will be a higher margin (as effectively no cost to Asos)

Shein is obvs the biggest issue but will get banned eventually and XinJing gets more and more air time

It’s not 400 website either it’s 480. 400 is applying a 85% conversion of ordered pipeline!

The figures referred to by Liberum would likely have been in the investor presentation and you might be able to see in admission doc (I’ll look)

I think what grips investors from the ipo (and you hear this on the ingenuity update) is
- they made a big deal of land and expand with nestle but now we haven’t heard anything (obviously this might be that nestle don’t want their dirty laundry aired)
- dotable and imagination were supposed to attract grassroots businesses but we don’t hear anything on those. This means THG rather than having a natural pipeline to Ingenuity will always be looking to steal customers from shopify etc. this works now as ingenuity is better and cheaper but shopify could close the gap (although they’d have to consider their impact on margin)

So I think this is what people are annoyed at and wanted more on

Yeah funny how the newspapers never mention the fact that for the next 100 years! His family won’t make a penny of profit from the properties

Cash on hand is not £700m plus

It’s insane how many have got this simple Calc wrong

Cash is £100m with access to facilities of £600m

Doesn’t cost rent, wages and the waste from the sizes not sold?

Also late delivery if due to courier will be recovered from Hermes failing their contract to THG

So Hermes lose

True Kallu. It’s the same as going all the way into town to find a store doesn’t have the size or colour you want

Same again next weekend?

I hope THG is only complying with this investigation as they have been asked by the FCA as I want management focused on growth. I don’t think chasing snorters is a good use of time

Jeff Bezos never bothered. Just leave them and eventually the business will do the talking

Hopefully a good update and the share price comes back up and we can turn that M&A tap on again

Also SoftBank spending a lot of cash on the U.K. atm! That’s a good sign

THG will need to continually raise money and that’s why the low share price is an issue

There’s been a lot of own brand M&A in beauty the last 12 months (shisudo selling three brands, the US spac etc) and THG hasn’t been able to compete

I don’t mind share dilution as long as it’s accretive and atm they can’t do that. Backed by Ingenuity I want THG to gobble up brands

100% this and Zalando

Zalando has a great marketplace model, which is Asos is headed to but poor brands and retail selection

Asos brings this skill

Both under scale in US so can share capex burden as they would be fine for U.K. and EU

Also T Rowe owns 15% Asos and 5% zalando

In all honesty then they’d be big enough to gobble boohoo. They all need scale together

Yeah we waited weeks for ours but it was a Hermes issue not LF

Why can’t an accountant run a successful tech company? MM runs the business and has the vision. The nerds do the coding. The logistics fellas do that part. The sales teams do sale. The data teams do data

It’s making it all sing is the point. Churchill wasn’t blasting along in Spitfire but he somehow made a global armed foxes work together

You miss the point Kallu

You can’t return make up for free so THG won’t face these issues the same

Asos also owns and internally operates all of its returns functions and therefore even if the volume of returns goes up a large chunk of that costs is fixed rather than for boohoo which would be charged per item

Yeah I thought that was clear given I said presenting together

https://www.events.great.gov.uk/website/6805/

Not a biggie but presenting together on how to do D2C to Japan from the UK

Update will move the share price as Q4 is the biggest earning period for beauty which is the biggest division. Also at the last update they mentioned forex headwinds so investors will be eager to see what has happened there

Ingenuity is a longer term play of course but investors will like to see how the “hopper” of new websites has grown quarter to quarter as this is a new KPI

The tweet is stupid the option to acquire medchem was disclosed in the admission document and in all honesty with the multiple paid it was cheap

Even cheaper when you consider the margin saving!

That’s why I’m not Richie :)

But the combination of number savvy and commercial acumen that means you haven’t ventured a single point against me yet… or anyone tbh. You’ve no substance stick to ramping

I trained as an accountant. Haven’t been one for 10 years. I professionally advise on buying and selling businesses so I’m quite optimistic you could say

Rag just somehow thought being able to understand numbers was somehow meant I knew nothing of valuing a business. The irony there was his is experience is an 8 person sweat shop near Leicester hence why his “references” for the industry were Pennywise in the 80’s and Topshop

But for reference anyone in private equity or hedge funds all train as accountants to start with. Just a right of passage

Marketing task on the apprentice you should be able to tell us the winner!