GOLDENYEARS17 Apr 2023 21:45
8.45am this morning, Goldenyears posted this.
Always tries to be seen as the reasonable one. However, even if you believe in the contents, you'd think (as a LTH as he would make us believe) that you'd be slightly excited with this news and share price movement. Yet Golendyears doesn't make a single post after the this or the RNS. Feel like quoting the scene from 'A few good men' - Santiago was leaving for the rest of his life, yet he hadn't packed a single thing, hadn't made a single phone call blah blah blah.
Anyway, quite a few new posters on here today that I've never seen saying it's all rubbish.
Wow, a lot of pressure here! Ha
Excluding a black swan event (MBO etc) I think we are looking at a bad trading update
- beauty got smashed over Christmas when we know boots and others has their best ever. Also Sephora web traffic is now equal or above Lookfantastic (only 10% of THG revenue is apps so google traffic a good measure). I don’t see why that would have reversed into Q1
- MyProtein we know was only post flat revenue numbers due to price increases. Volumes and customer numbers are down at H1, again what would make me think that’s reversed? Nothing. Prices aren’t down from H1, if anything I’d say they are up. And as the price closes to higher brands people just step up (ON isn’t seeing as big an impact as THG). Of course nutrition is more profitable now but is the plan to be growing?
My thought around MyProtein is the brand is too in the middle. It no longer feels like an athletes brand but more like a casual wellness brand. If I was younger I’d see how other brands draw young males over MYP (just my opinion of course but the data follows)
- Ingenuity I think will be a jam tomorrow update ie we have slashed all the non-profitable sites (which again is really maddening as 1) why were we signing up and shouting about sites that were unprofitable and 2) did we really understand our own business that much that we didn’t know these sites were not going to be profitable!)
Matalan and the new win will ramp up over the year but we need a fair few more of these. A random site for Ed sheran hot source is the former and not the later! We need another matalan or Homebase
So in honesty I think tomorrow will be another disappointment for revenue. Which means all we can do is hope for profits by cost cutting
I don’t see a share buy back if I’m right on the revenue points above
Fully expect to be shot now for this but if you disagree share data or something factual not just ranting because it hurts your feelings
Sign In
Follow the stocks
