Member Info for licker

Ateve

An IPO on any market is off the table if his only track record is a 90% destruction in investor value from UK IPO abd destruction of his founding PI softback. Nobody would trust him

With a associated parties of chair, II, other board members, family, friends staff charity still doesn't look like he could get 75% at EGM

Nobody else is interested in doing a deal at close to asset strip value as the valuation is way off at moment

What happened to that Richard fella who bought 24m at last bid?

Only way i can see to drive this to a decent base to offer premium on thst gets we over 200p. Anything else would stink.

Be interested to know why canary thinks deal won't happen and what's his view on why are PIs interests being totally ignored at minute and chair is absent and totally missed first two 6 months promises...the strategy review and the governance fix. The chair isn't doing his job and fix exactly way he was brought in to do for some reason

Under 170p must be non starter as fiduciary problems start and he would be totally trashed repitationally as a man that looks after investors . That 1m security personal security bill may need to be relooked at.

I'd just rather rode this up on fundamentals which look good and do a deal in 24 even 25 at a multi pound level than feel we've been sold short

At 300k per head rev to staff ration it doesn't seem bad to me 5% cut gives another 23 to.30m less restructuring

All depends now how he and chair see this with well overdue promised strategy to trade through next 18 mths and beyond. If rev sound then it may be top line focused and no cutting or he trims staff stock and caoex to keep things lean. No idea where he will go on this but either way fcf 2023. This should have all been in the chairman's strategy promised 6 mths from his appointment. This along with premium listing and separation. Now 4 mths overdue!! he certainly sorted governance didn't he? Something very odd going on there.

Qatar will make a move the gulf funds been after this since candy bid. Online and beauty growth to 2030 at 10% in the sweat spot channel and sector enhanced by D2C growth. Business structurally pretty much built now and in high growth sectorg

I just hope given bargain here and golden share we don't get an MBO offer at moment as the gamed tiny traded free float is definitely not a good measure to value the other 90% of the business. I want to be with this stock few years have bought near bottom.....but unfortunatley i .think its definitely going private for all.the reaons mentioned....

CEO stopped supporting share price in every way
No strategy updates whatsoever as promised via public announcement by chair
Where and what is the giovernance clean up promised by chair. What exactly has he done it's astounding how absent he is
No analyse Q&A briefing
No investor sessions at AGM
All.they are doing is buying lots of shares for himself, chair, employees, personal charities. qatar ie all the big insiders are all buying up

Corporate action coming and v soon!

Great spot phevs

Just hold out here we are all.buying an absolute bargain. Frustrating movements at minute

Patience will reward v v well here, all indicators top and bottom line good
.just that unknown that ste2000 and oke highlight.... working and investment capital unknown on how the EBIT converts to FCF. But iit surely one of the more simple decisions to cut down fixed and current asset capital cash demands

Wouldn't get too concerned they are all like that in Hull. You would be depressed also if you came from Hull. Give the guy a break it's not his fault

SJ it's not that. The fundamentals are growing. Touts in the sweet spot sector overheads mainly done now thanks softback and margin drivers improved. The business is in good shape. Just let them play out and the market will do what it does. This is a perfect time to buy ehen the fundamentals vs value get dislocated from others in the sector.

Crafty the ebit mutiplier clearly shows a massive mutlibag rerate is due at eome point. All indications sales and margin improvements plus over head redn as % of revenue are clearly good so im expecting syrong ebit performance. As Oke and ste say the convertion of ebit to fcf which gets eroded by interest and balance sheet capital both working capital ie stock build and capex is the bit we need to know and is what 2023 is all about now

Ladies please put the keyboard macho warrior handbags away

Blaming the macro. Its the micro that's the problem too. When things pick up london will get nothing. Who in their right mind would IPO in London. High cost and full of Essex wide boys and clueless spivs. Den of theives

Hull

Hull

Please explain why averaging down is a losing bet when ots paid off very well for many of us from 32p.my average is now in a very good place as many others on here have reported

I.personally am glad to have ben given such a good averaging down opportunity.

Do you live in that ####hole Hull or is it just a name?

Could anyone send thr.linl to the telegram group I can't find it

Does anyone glance at ADVFN? It's a madhouse seems to me like lots of bots arguing with other bots on meaningless drivel

He won't do that. Alot of PIs he knows aswell as his charities abd family invested. Why would he would he destroy his reputation and those close to him and live with the aggro of that. It will destroy value for him ultimately as nobody would trust him. It would certainly ruin him lsting in US. He would have shown he is incapable if performing his primary role as a CEO to deliver strong shareholder returns.

There is only one way for him and that is what he is doing. Build a business with intrinsic high value and then reward his investors. Any other way he destroy his appeal to any future investors. He has yet to prove he can convert this to good sgarhokder returns . The first he is smashings but
i do think we are on the cusp now

Can't stand them ##!??## ********s ruining Xmas for the struggling high street businesses and the gig economy lot who depend on it. They are on good money good pensions relatively and picked the wrong fight targeting the gig lot. Public opinion turned against them now. They've done the worst they can now and we've all done a Chris Rea for xmas

Steel what's your thing behind that?

We are not really that debt loaded thanks to softback. Our sensitivity to interest rates on THG debt is low.

The conner sensitive to debt is clearly alot higher but all indicators show beauty is booming

...

I notice they are forward ebit valuations to so does the nhanced 21× multiplier account for this on current earnings or are they using a forward ebit year at 21x

...and ULTA

I'll look into it myself in a while just bombed at minute

Great Post oke

Is it profitable and fcf +ve. That 21 times vs the 14 we've been using is telling and the missing data point I've been looking for. Do you think it should read across?
Looking at Pearl's post and the SP correlation to OCDO and SFOR what are their ebit and revenue multipliers?

Bigbag.

Not sure. If you use recent deals the are up to 15x the current share price!!. 250p was also mentioned during last bid. Ebit mutiple 2023 its at least 150p but there is some debate on the right multiplier. I think 14x cutrent ebit is too low and I'd want to factor some growth into that mutiple

It's a guess but north of 250p

As people said he set the floor that 170p is too low and the business better shape now than it was 6 mths ago

Gourmet just won the most drupid comment of the month award. Gulf funds been after thiis fir a bit. First with Candy now with Moulding.

In simple terms Moulding made a killing at IPO, is making a killing as we speak accumulating with Qatar at bargain price to get a big holding delist then a killing on 5 year exit. Why has he stopped along with chair promoting the stock and building a stake.

Amazes me how stupid some people are.

I wish it wasn't goung to happen but it is. Its going private