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@TheCrowman
He's not here...he's devising his next 3000 word series of posts and then preparing to sit back and watch the inevitable happen.
Tuesdays results and RNS will already be written and ready to go. Those in the know have obviously already acted now. For me, its just how bad it is.
Could kick myself. Sold half my holding at 87p in anticipation of this s*it show. Wish I'd sold the lot. No point in doing so now. Will just ride it out.
Lots of online retailers doing well but agree sp here is telling us something.
I am SO tempted to sell up and buy back when it's back in the 50s next week, which is what I think is more likely than not to happen.
Whichever way you think this is gonna go next week (and respect to all, btw)...you gotta laugh when the best the shareholders know about a businesses prospects is fine detail on a potential and unconfirmed customer website. I mean...quite ridiculous really isn't it...that we've all put a shed load of money into this thing and the thanks we get is to have no idea of any sort of return - good or bad!. ππππ
THG is leaky no 1 of the leaky ship fleet.
You only have to live in South Manchester or Cheshire to find out pretty easily what's going on.
Don't forget next week will be update only...minimal info. It is not FY results so don't expect much.
I expect nutrition underperformed, beauty overperformed, Ingenuity carries on guzzling money. Overall finances there or thereabouts. Nothing groundbreaking.
The big question for me is who knew on 2nd Jan about Q4...
This is a slide into *rap results.
Mouldy couldn't pull a rabbit out the hat if he tried, THG is (literally) a laughing stock.
Do not give a flying F about shareholders as once we'd been rinsed for our money we turned into an inconvenience.
Reminder...they can't split the business because Ingenuity can't survive by itself. You think anyone is going to take a stake in Nutrition only for Mouldy to say "but all the ebitda for the next 5 years needs to transfer to Ingenuity rather than give you a return" πππ
There's loads of stuff in their RNSs that are fiction if you think about it.
- RNS confirming proceeding to premium listing in 2022 - now gone quiet.
- RNS documentation confirming strategic review would be published. Never arrived.
- RNS stating GS was going and was held onto to the bitter end.
There might ve rules for RNS...but are there rules to say what companies put in them must be delivered? No.
"there have been no institutional sellers of note"
You could argue they are in a value trap, paralysed - consolidate losses or hang on in there?
They have no influence and due to MMs apostle shareholder mates, he cannot be outvoted. If he is, he owns all the premises and has it all stitched up tighter than a football.
All that THG needs is the next dummy investor to come along throw a load more money in for them to spend on over-valued companies and we can have another few years fun of value destruction, write downs and a low sp.
Just an alternate, cynical view...
Beauty done well Q4
Nutrition below expectations.
Ingenuity sapping cash from the above as usual.
Growth low and as per previous updated guidance expect a small contraction overall.
FCF just about where predicted to be.
Kong is sat crying in the corner.
All obviously IMHO...
@yespsb couldn't have said it better myself. I and my OSA, would be delighted if Q4 results could prove me wrong. But while I'm interested in share price, cash/FCF, ebitda, governance and transparency we discuss the latest ready meals in Iceland.
The numbers never lie...even if THG try to make them do so...
All these fake valuations and fake bids being banded about.
Mars bidding for myprotein πππ absolute first rate ramping.
You may as well throw a dart at a wall of numbers to guess what we're gonna get in 2 weeks, but one thing is for sure...they constantly disappoint, so why expect any better.
All the directors including Maccy D and MM will be on the ballot paper again in a few months. They'll just get another significant vote against...then what's the good lord gonna do? Ignore shareholders again?
Agree. I don't give a damn what Apollo did or didn't think Ingenuity was worth. We've only MMs word for it anyway, which is, as we know, unreliable. The market thinks this is worth c.70p a share.
If Apollo thought "wow, this is worth way more" then they'd have bought a shed load of shares at the current prices or lower in order to make money. They haven't. Nor has any II increased their stake. The IIs are stuck and are powerless. They have positions on the Board and regular briefings. If they thought this was suddenly going to "corporate event" to Β£2.50 or Β£3, they'd be filling their boots while not in a closed period. They're not.
The sp movements indicate a cr*p Q4 to me. Guess we'll find out in
The GS was a red herring. Doesn't need it to stay in control.
IIs too weak to do anything, have lost a fortune and are stuck in a value trap. They either consolidate losses or just wait and hope for better as they have last 2 years.
Spin offs cannot work here as all the good stuff is subsidising Ingenuity which by itself continues to lose a fortune in pure cash terms. It cannot stand alone (remember MM stating possible FCF in Ingenuity in 2027 or 2028 onwards)?
Unless there's a rabbit in the hat on Q4 for Jan update then it'll be the same old.
We can note all the so called "inprovements" as much as we want.
The only real thing of interest to me is the share price, accurate FCF, EBITDA, growth, good governance and a transparent set of accounts.
All the rest of the noise is irrelevant.