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Yeah doing ok atm. Was really impressed with management at the last update
Hosai, I agree I think the issue you have is trying to cut Nutrition out of the business and then what are the economics of what's left
If you can't carve Nutrition out of the group why would anyone (say Unilever) buy it when they'd have limited capability to operationally control it as it's stuck on Ingenuity?
But if you cut Nutrition off of Ingenuity it's a huge slap in the face for Ingenuity actually being any good. Then when Nutrition isn't on Ingenuity does that become a huge money pit and ypur cost of mothballing everything is huge (for this bill I'd sell the Beauty assets)
That's the only scenario I see here but don't listen to me I don't hold shares
Yeah bleart I’m not a shareholder I’ve just been here for the last two years for a laugh
I positives where and when there are positives. It in my history. You post nothing of value and therefore any discussion which is worthwhile dies
It would be good if there was like an 18+ version of this forum so it would get rid of “betting” and “emotionally harmed” investors
“You mustn’t hold any shares as you’ve said something mean about a company I’ve bought shares in”
I am. When have I not been?
But again if you want to explain the commonly held “law” on this forum that holding more shares makes you right or wrong please explain that to us all. Or, how about we grow up and discuss THG?
Losses have no value to a bidder. It's extremely difficult to utilise acquired losses, unless you work in exactly the same trade (which a PE buyer would not be). The losses are only of value to THG for when it generates future profits it will have a tax shield. Until it's profitable the realisable value of the losses is ÂŁ0
Also what "clever accounting" has been used to kitchen sink the abysmal Beauty performance? What clever accounting has been used to show another soft quarter for Nutrition which with prices (from the customer lense not raw prices) still high or flat from Q1 PY probably suggests more customer churn - when the narrative told we are protecting customers. Well customers don't feel protected as they are leaving!
Ingenuity sounds positive but again what's the plan here? How many more whales are out there and how many can we expect in 12, 24, 36 months? What does the partnership with BigCommerce mean
Why has commerce revenues completely disappeared from the Q1 update? Is commerce dead now?
Also if Ingenuity is gamechanging and global why are we having trouble operating in territories and having to pull out? Isn't that supposed to be where we win?
Again a huge bag of waffle
A good sign. Their average is a lot higher than the current price so I did wonder why they hadn’t averaged down given they built their previous hold with such conviction
A positive sign. But I still want a PE bid here
I don't pick more Ocado as 1) I don't hold shares there and 2) I think comparing the revenues at the top line is false.
You need to compare the ingenuity commerce revenue with ocado's tech revenues to be like for like. Then compare beauty to Ocado's supermarket element. Nutrition then sits alone as Ocado don't have an own brand comp
The "value" in Ocado is once their system is installed it will never be replaced. The revenues are seen like an annuity so they get a very high rating - this was the story/ idea for Ingenuity Commerce (it instead turned out to be smoke and mirrors - hence my loss on first tranche - we were lied to is the reality)
HH, because the facts and figures changed? I bought when the business and growth was in an entirely different shape making money on a stock doesn't mean you always understand. You can just BET the right way. But hey rather than just personally attacking me why not say why I'm wrong?
Third time of asking - this forum is supposed to be about THG not me or you
Do any of you want to use any facts and figures to explain why you disagree or do you lash out as I've hurt yur feelings?
Always the same on this board. Childish
Hosai - yes. As I said before I think the market price is doing exactly what a market does ie weigh risk vs reward and that atm largely reflects the bid prospect
I had averaged down many times but yes i sold a few and moved to JD
The funny thing is though is the number of shares I or you own has nothing to do with facts and figures. Unless you can provide evidence it does? I'll wait
I will more than happy talk about facts and figures but I won't hold back in case it hurts your emotions (this isn't a "safe space Gen Z forum")
I agree the results again were very poor. Apollo I think would be valuing nothing but MyProtein here. Take that, sell beauty for whatever you can get and then sell the warehouses to REITs
Hosai it could just trade flat. Bid news known and if results weren't out today the shares could just tred water until more is known
You see that a lot with takeovers
Pokerchips this thread is long already if you want to start another I'd be happy to share my thoughts
Hosai I don't think it's binary. It's obviously a blend of each
Q1 results are poor (again) and the excuse isn't substantiated. This drags the price down but the risk of a bid is stopping the price falling heavily
So it's the doing what a market does ie weighting risk and reward
Would you want to be asked?
It’s not a moot point as I’m saying 90p is holding due to the bid
The Apollo RNS hadn’t come out we’d be looking at 50p now
Patek. Gold nautilus
Well he’s wearing a £200k watch on the presentation video!
I know very little about tax losses so I’m more than happy to be wrong but the reality is is that tax losses are hard for anyone else to utilise. So it’s not like Apollo “gets” the losses and can pass aroun Apollo
The only way they can ever be used is to limited THG future profits which is nothing different to any other loss making business as the main risk is getting to profitability
As I say happy to be wrong but I don’t think tax losses are quite the bargaining chip they once were, particularly for PE where their trade isn’t the same as yours