Member Info for Globex

Baghold3r

I just noticed you mentioned my username on here in a rant about posters that trigger you. That's despite me barely posting on this board all year lol! Seems while I've not even given the company even a second thought, I continue to inhabit your tiny mind totally rent free! Keep it up.

These amateurs can't even get the decimal place right

It is curious a new account being familiar with that sort of detail. I can definitely say that guy was ramping GST at well over double today's price, KR1 another one too. I only know this as he was cross ramping on the Argo board, where he tried to call me dumb after I pointed out glaring issues with KR1. Anyhoo karma tends to find a way with these characters, dread to think of the losses 😉

KBYK you're correct (or 'your' as this guy would probably say). Before it was compulsorily struck off, that company last reported net assets of £275. As Walter Mittys go this one is pretty inept 😁

https://companycheck.co.uk/company/NI049623/FUTURE-HEALTH-LTD/financials

Whatever the terms on this lease (which nobody outside of landlord/THG knows actual details of), the plus side is can't be worse than what Moulding is charging the group for units on an industrial estate on the outskirts of Manchester. By comparison even high grade offices in the City probably look cheap!

Let's be real here, claiming "potentially several years rent free" is sheer speculation. Then reaching even further to try and put a number on an imaginary saving. No chance a City landlord of a high grade building like this be forced to offer an incentive that generous.

The best news about THG taking on this property is simply the fact Moulding doesn't own it. Being let from a third party like a normal company, rather than the usual conflict of interest is actually quite radical progress for THG.

To end of 2023 it was touching on $210m.

Then this year it was a further $9.9m in January + about $8.4m last month (excluding warrants to follow).

I make that a grand total of = an eye watering level of shareholder cash incinerated never to be seen again

*before someone says it I know this is making move to aim, even if it's currently main market.

The stock exchange itself doesn't publish whether something is a buy or a sell - it's only lse.co.uk that shows a difference. There's a good reason there's no official differentiation: it's a nonsense. Every trade has both a buyer and seller.

Think about it, if I have a limit sell on the book for a bunch of stock in a company and someone buys it the next day, to me that's a sell but to the buyer it's a buy.

If that buyer used this website, and particularly was a follower of these aim micro caps, he'd probably angry post for the millionth time on here "my buy is showing as a sell!" All that does is reveal how clueless the poster is, nothing else.

Neil777, newbie2024, many others.

Keeps regenerating after bans, it's endless. That geezer had more faces than Kate Price.

UBS upgrade

Peoplepower1 ironically your revenue projections would probably make even Moulding blush.

Given THG's history, the safest thing is to trust statutory numbers only, once reported. Latest thing he does is give headline revs on a continuing basis where everything looks much rosier, as you'd expect after carving out underperforming divisions. Similarly they make heavy use of constant currency - but strangely enough only when exchange rates go against them. Strip away all the magic tricks and a truer picture emerges.

These miner execs don't make it easy for us eh, these instruments needing a bit of mental gymnastics itself a sign they're needlessly over-complicating things. At least we have some potential btc green shoots coming through to save the day, the issues tend to melt away when it pumps hard enough.

Ultimately it's the numbers that matter, hard to argue with Glanbia's sales/profit superiority.

Assuming we're not going argue with the quantitative data, it's then worth thinking critically about why that difference exists.

I've given some reasons, I'm not sure anyone else on this thread has, which I guess sets me up as the messenger to be shot.

For those saying Optimum's range is limited, have you guys looked at their financials? You don't need a large number of products to smash it when you have pricing power.

Different sector but for an extreme example look at Apple - barely a dozen core products.

You also do not take into account the whole Glanbia group, and the non-Optimum branded ranges.

*others

Slug has called this correctly. There was a time when this stock was being ramped silly based on absolutely nothing, that was so much worse - for not just being proven totally wrong, but because I'm sure such ramps on these boards cause oters to lose more money than any negative/bearish post ever did.

Before Moulding bought MyProtein, it was genuinely one of the only companies doing this. Very different picture now, you only have to go on Amazon and search protein to see the sheer volume of brands competing.

Unfortunately if you're not Glanbia with control of supply chain, and resulting cost control/better product, you're just sourcing whey wholesale like everyone else. With zero barriers to entry, result is a race to the bottom on price.

Personally I only ever use Optimum Nutrition, not because of fashion but nutritionals. Compare for example their whey with MyProtein, superior in every respect, less fat, less sugar, more protein per gram. Well worth paying the premium.

Glanbia have unique position of controlling supply chain vertically right from the farms. Means they have full control and visibility on costs, rather than whims of wholesale market.

MyProtein are just buying whey wholesale like everyone else. For more price conscious shoppers not willing to pay premium for Optimum, market absolutely saturated for protein retailers who sell branded whey via wholesale, as anyone can do that.

Yeah I'll be holding my warrants for the foreseeable too, redemption would mean paying a premium and far too early in cycle to give up the leverage, should be a nice turboboost later in cycle if things go well.

Personally I don't buy into idea the company were banking on cash from warrant redemptions coming through, when they became redeemable earlier than anyone expected if anything.

Would have been a bit mad of company to allocate cash based on scenario of stock doing 2-3x post-emergence (albeit that happened) AND warrant people exercising collectively and immediately when ultimate expiry 2027-2029.