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If Darktrace gets a £3.46 billion market cap on £314 million a year revenue surely ingenuity merits at the least a £2.1 billion market cap.

Muscle head I can only imagine what your thoughts are on the loss-making Ocado? 13% higher revenue than THG last year, revenue growth predicted in the teens this year compared to THG 22-25%. Yet they have a 782% higher market cap than THG.
Fitch also gave them the same credit rating :
"THG's IDR is positioned at the same level as Ocado Group Plc's (B+/Stable) despite THG's stronger financial metrics. This is given Ocado's accelerated transition from a pure UK online food retailer to an international technology and business services provider with a significant proportion of long-term contracted earnings. For both credits, revenue growth will be underpinned by the increasing preference of consumers to shop online, but there is greater exposure to the online retail channel, including greater inventory risk, at THG. Ocado's rating is influenced by risks associated with the timely delivery of technology to the company's retail partners. This requires significant up-front capex, which will likely delay profit break-even for a few years, offset by a solid liquidity position."

I hope you are also on the Ocado board warning all the holders.

Err Mrsimmons the drop across all growth stocks in the last 7-10 days was Russia, not "Glanbia results".

https://www.thetimes.co.uk/article/doordash-looked-at-buying-deliveroo-mw97p2hz8

"Deliveroo was among a handful of tech firms that shunned a premium listing on the London Stock Exchange in favour of a standard one. Its dual-class structure hands founder and chief executive Will Shu outsized power and voting rights — a status that bars it from a premium listing. Deliveroo sold shares worth £1.5 billion in its £7.6 billion float last March, with existing shareholders cashing in £500 million.
Since then, the shares have fallen to 107.75p — 72 per cent below their listing price of 390p. They have closed at or above the listing level on just two days and the company’s current market value is £1.9 billion.
Deliveroo’s float was seen as a test case for tech companies listing in London. The Hut Group, which went public in September 2020, has sunk to an all-time low of 82.6p, valuing the company at £1 billion — a fraction of its £5.4 billion valuation at listing. Both companies have been the centre of takeover speculation.
Both DoorDash and Deliveroo declined to comment."

Mr Simmons, I don't have a problem with your posts, just the "yes its hurting now" which seemed as though you were pretending to be an investor. I'm not sure you can claim you called it when I think Russia invading took everyone by surprise so wasn't the reason you were putting forward for it falling. I do agree the sp is "pathetic" however the last couple of months it has been based on more so the sector than THG specific. Oct/Nov last year obv was THG specific.

What do you mean "yes it is hurting now" when you are not invested? Also what is meant by "wing and a prayer"? Who is preying? Thg have £530 million in cash with access to £170 million more and that position didn't change between q3 and q4.
Those in growth stocks will obviously be following the Ukraine situation and how it will effect inflation but I don't believe many are "preying" atm unless you refer to the plight of those involved in the conflict.

IK I wouldn't say B+ a bad rating...or a good one, it's middle ground, I remember cineworld used to be C-. It's the same rating as Ocado which most people don't seem that worried about. It actually says THG has better financials than Ocado but Ocado gains from contracted revenue.

"THG's IDR is positioned at the same level as Ocado Group Plc's (B+/Stable) despite THG's stronger financial metrics. This is given Ocado's accelerated transition from a pure UK online food retailer to an international technology and business services provider with a significant proportion of long-term contracted earnings."

As I said yesterday, they give the exact same credit rating as Ocado. Ocado had 13% more revenue than THG last year but only predict revenue growth in the teens for this year compared to THG predicting 22-25% growth however ocado currently have an 860% higher market cap than THG.

That is interesting though on Nova...I might be slightly tempted, looks like it's had some crazy swings.

It's quite normal for small-cap biotech to be at cash, or below as they are one of the highest risk investments out there. If such a companies pipeline of 1-3 drugs fail at any point the whole company fails as they don't have anything to sell. Even if things are going as planned often it is obvious future dilution will be required to get the drug though all phases so there is often big dilution fears.
For companies like THG it would not be normal to be near cash (unless you think people will decide to completely stop buying beauty or protein products online any time soon).

What exactly do you mean by "their act together"? The company is separate from the stock (at-least in the short term).

My average is £2.18 I am heavily in, and heavily down. I can hold for long term obv. I still have a faith the share price will turn around. It's way better value than most UK companies and UK companies are cheap.

It's a bit of both, THG specific issues with strategy and value of ingenuity questions etc plus obvious large macro factors.

It's also the sector...boohoo and asos down 6%

Yes, well 813% higher apparently.

They give us the same credit rating as Ocado - whom had 13% higher revenue than THG last year and currently an 813% higher market cap.

"THG's IDR is positioned at the same level as Ocado Group Plc's (B+/Stable) despite THG's stronger financial metrics. This is given Ocado's accelerated transition from a pure UK online food retailer to an international technology and business services provider with a significant proportion of long-term contracted earnings. For both credits, revenue growth will be underpinned by the increasing preference of consumers to shop online, but there is greater exposure to the online retail channel, including greater inventory risk, at THG. Ocado's rating is influenced by risks associated with the timely delivery of technology to the company's retail partners. This requires significant up-front capex, which will likely delay profit break-even for a few years, offset by a solid liquidity position."

https://www.fitchratings.com/research/corporate-finance/fitch-revises-outlook-on-thg-holdings-plc-to-stable-affirms-idr-at-b-03-03-2022

THG moving in synch with boohoo

Seems like the articles recently praising Nestle and Hotel Chocolate never mention ingenuity and its potential influence on the results.

I agree they are probably still bullish on ingenuity, but ultimately they will want as good a deal as everyone else including PE is getting.