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@Crafty...nothing wrong with that. I want to know too. And the details I've cited. If we knew it would be helpful, i agree. Our CEOs wording on Whales is very specific however. It is worth listening to exactly what is said on the investor calls.
I just don't like everyone citing Β£1bn gmv as though it's some panacea when for all we know the margin might be 20% or 0.5%. May was well take a dart and throw it at a chart.
GMV is still meaningless. It just rhe value of rhe goods being shifted. Big numbers sound impressive. "Wow - Β£1bn fulfilment". I want to know if costs of fulfilment are being covered and what % margin is on the gmv. Otherwise it is meaningless.
I can't get my head around it. If the Board and MM cared about the share price there is loads that could be done. A whole action plan based around investor engagement, feeding the market information, transparency, growth strategy, cost cutting measures etc. could all be done. Projections into the future etc.
It just smacks of either MM not being capable of it, or they don't want to.
And yet I'm thinking of buying back in πππ
@OSG I agree with you. There are so many ways MM and the Board could increase the share price, that I keep thinking they actually don't want it to rise. A share buy back with positive FCF and some of the cash available would IMHO be better than any sort of dividend (not that a dividend is even nearly on the cards).
Hindsight is a great thing. I was convinced when I sold on Friday we'd be looking at 80p this week, but clearly not.
I don't think Q1 will be brilliant but I think Q2 will see savings from all the redundancies...most of the people have moved on now so saving will feed through.
MyP revenue will be down YoY. Beauty will be OK. Ingenuity more fudging.
I don't buy into the FUD around results day. MM has no time for the City and has shown he doesn't do advance dates on multiple occasions. Final results for 2023 in line with the Q4 update and no nonsense writedowns will instil some confidence.
If it gets down to 59/60p I think this will be just too tempting. The upside will be worth the downside risk.
Problem is you can't trust what Matt says, so anything could happen as we know. Could be 30p or 300p this time next year.
Sold out yesterday whilst above water at about 69.5p. Happy with getting out at a positive point. Shame I need the cash but I'm not willing to leverage my holding of THG. Wish everyone all the luck for the future with this. π Hope you all get a great return. Laters.
π€¦ββοΈI'm "capable" of going to the moon, doesn't mean I will do.
Please stop confusing GMV figures with revenue and profit. THG has promised all these Ingenuity Whales for years now and they never materialise so saying "someone has said something" about Β£1.2bn or Β£4.4bn is meaning less. I almost want to shout "show me the money" at you, as it never actually comes through.
"It is not cΒ£700m it is Β£520m Internal Ingenuity Revenue for FY2023"
...and you think that's good? I think that's terrible for Ingenuity! That means the external revenue of the "world class giant" is Β£180m.
GMV myth has been bust dozens of times - GMV is meaningless, Matt just quotes it as it sounds good to quote big numbers. It's the revenue and profit that matter.