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Has anyone done any comparisons between Global-E and THG Ingenuity
Global-E is a pureplay end to end global shipping logistics company and is very similar to Ingenuity, it was IPO'd on the Nasdaq in 2021. It is growing seriously fast increasing GMV by 69% in full year to 2022.
Like THG it is lossmaking, Net loss in 2022 of £160, vs a 2022 full year Turnover of about £320 Million about double of that of Ingenuity
Current market Cap is £3.35Bn on Nasdaq which is more or less the same as the IPO price from 2021.
After looking at this comparison I can really start to see why MM is P***ed off about listing on the LSE.
Ste2000, they cant sell the hotels as they don't own them, moulding owns them separately to THG.
You are also using cash burn at historical rates which don't take into account a slow down in sales, and or margins due to recession, inflation.
Does anyone else find it odd that the Algo's are still trading this share?
Surely they would have been switched off if this thing is going to zero.
Onsolidground, could you elaborate on your information about Swizzels. Their website appears to be using Adobe Magneto, there seems to be a small licensing agreement where THG are using Swizzels flavours for some of their products but that's not very noteworthy.
Don't forget that Broker forecasts are relatively short term. The macro economic is poor and the fed aren't expected to start cutting rates again until 3rd quarter of 2023. The fact that Barclays expect THG to rise by 37% from todays share price and possibly before the Fed start cutting rates is a good thing IMHO. From that point the share price could rise significantly once the economic recovery starts to take hold.
Patience is everything with investing.
https://www.lse.co.uk/rns/SBRE/half-year-2022-trading-update-ant9mq4es1arw09.html
Basically half year profit down from 18m to 3.5m due to claims cost inflation
Citigroup cuts M&G price target to 191 (212) pence - 'neutral'
Live broadcast on youtube by cwu with strike ballot results
https://www.youtube.com/watch?v=Q8BHJyYWY2g
https://www.bbc.co.uk/news/business-61966202
Could lead to private equity looking to find the beauty market elsewhere.
Dont know if this has already been mentioned but surely Revlon filing for bankruptcy protection in the US will be weighing heavy on THG share price today.
https://www.bloomberg.com/news/articles/2022-06-16/revlon-files-for-bankruptcy-protection-amid-heavy-debt-load?utm_campaign=socialflow-organic&utm_source=twitter&utm_content=business&cmpid=socialflow-twitter-business&utm_medium=social