Member Info for Hosai

Golden well they are keeping with the cash flow guidance it hasn't been downgraded since last update, still neutral this year and significantly positive next year.
We have the new Iceland income, plus potential large ingenuity clients at advanced stage (they wouldn't have said this if not realistic), whey prices have fallen as-well as petrol prices and they have reduced staff. Inflation will likely keep falling. I don't think it's that hard to see them being cash flow neutral/positive.

You can't say THG isn't picked on.
Ocado reporting sales falling for the year by 3.8% to £2.2 billion, and breaking even at EBITDA level. For the year ahead predicting mid single digit revenue growth and marginally positive EBITDA. As previously mentioned they have a worse credit rating than THG and are predicting to be cash flow positive in 5 years.
THG report sales increase of 4% or so to £2.25 billion, £70-£80 million EBITA and significantly cash flow positive by next year. Plus big ingenuity clients potentially lined up.
Ocado down 7% to a £6.21 billion market cap.
THG down 14% to a £745 million market cap.

Surely there's positivity in cash flow neutral this year and significantly positive next year?
Seems a bit rich for the media to suddenly focus on our revenue when they've always ignored that part.

The most impactful news is surely the potential large ingenuity clients at advanced stage?

I was disappointed with the drop in revenue growth, but then the city has never cared about revenue growth in terms of valuation so it shouldn't matter so much. Also it did give reasons of December issues and pulling back from areas such as on demand. This year was slightly helped by acquisitions so strip these out and revenue prob fell a little, but it did for THG's peers too last year.
Cash flow neutral for this year and significantly positive next year is obviously good, not having to wait 5 years like Ocado.
Good catalysts likely to come with whales.

Might perhaps in part be due to cash gained from the sale of the building they have presumably completed by now which they mentioned in the previous update.

Peoplepower you seem to be completely at odds with Boohoo management whose company you're invested in terms of what you are hoping for.

EU natural gas prices down 15% today. Deflation could be even quicker than people expect, especially as the one year comparisons with prior year inflation get more and more favourable with the big rises that happened in 2022.
https://tradingeconomics.com/commodity/eu-natural-gas

70p was looking doubtful pre-results earlier today, now I'm not so sure...

I agree Justice, THG also have a better credit rating than Ocado and Ocado are only predicted to be cash-flow positive in around 5 years. Ocado will also make a bigger loss this year than THG and have falling revenue this year.
The valuation difference is crazy. Saying Ocado has slightly better tech or it's due to the fact they have more fixed income isn't enough to explain the gap, especially when those more fixed revenues clearly haven't helped them this year.

"They do have priority with the administrators because they're already shareholders. Administrators look favourably on bidders who are already shareholders."

Why would the administrators care if they were former shareholders? In admin the shares become worthless. Other companies like THG would be interested in the unlikely event it went to admin, they have more cash than Boohoo and wouldn't have just lost £10 million.

But they would have lost the £10 million as they own shares in a company that's gone into admin? They would only be able to buy it out after if they can offer more than other companies when its in admin and other companies won't have just lost £10 million.

People power if revb go into administration it would be a disaster for Boohoo as they'd have sunk millions into it only for their shares to fall to £0. In this scenario other companies would then have more free cash than boohoo to buy it out of admin.

Fair enough HeresHopin, I was basing it a lot on the appointment of Bob Holt but maybe attaching too high a premium on him, at-least in terms of where it opens.
In terms of assessing how well Revb were doing if not shady practices some of the issues raised may have hurt RevBs figures as much as helped them, such as potentially over-paying on the acquisiton. The £9 million in revenue taken out isn't disastrous relative to their overall revenue. It seems most of the problems were with the former CFO, Minto and the chair who are all soon both to be gone.

It previously rose up to around 32p even with the market aware of a lot the potential issues after this rns:

'The auditors have subsequently raised certain accounting issues with management regarding the audit and these could have a material impact on the results for FY22 that have previously been communicated by the Group. In the event that material adjustments are required, the Group profitability for FY22 could be materially reduced across a number of potential adjustments including stock and bad debt provisioning and revenue recognition. Once these issues have been fully resolved and agreed between the auditors and management a further announcement will be made.'

It only fell back to 19p after suspension was pretty much confirmed. Since then we've had the new well respected CEO and the macro is now improving as we've turned a corner with inflation.

Crowman they said £1.70 significantly undervalued the company and since then the macro has improved as we are now coming out the other side in regards to inflation.

I can see it opening around 50p. You have the fairly quick fall from 120p to 19p, the uncertainty of the late audit and audit issues ended, the macro improvement in terms of inflation, the new industry heavyweight CEO and the huge buys from Boohoo.

Decent Nasdaq move since UK close, should be a good monday.

This share was 120p in May...since then it slowly fell due to the macro (which now seems to be turning due to inflation falling) and of course the audit issues delay.
The reason I would say many here are pleased is this RNS doesn't look bad enough to keep share price down at 19p and that's ignoring that since the suspension they've brought in an 'industry heavyweight' CEO Bob Holt plus have had big buys in this period from Boohoo/UBS bank from Jupiter who are a known forced seller.
Only annoying thing is wondering why they couldn't have completed the audit during all this time that the inspection was being done, surely can't be too much longer?

Nutrition is now back showing as a department. Also has more jobs in general than last week but perhaps not as many as a few months ago, hopefully they are trying to cut back. https://www.thg.com/job-search/?keywords=&exclude_keywords=Apprentice%2C+Internship%2C+Graduate&location=all&department=all