THG to the moon18 Nov 2021 22:47
First of all, people need to stop responding on threads, or starting threads titled, for example "The Problem", if they want to give people any confidence to go long on this stock.
2nd. People honestly just need to watch the webcasts on Ingenuity and listen to the Q&A afterwards. There's a lot of mis-information and games being played in this forum in my opinion.
e.g. In one webinar on Ingenuity in the Q&A one investor is told by THG that Softbank wanted to front (I think) about £1.7bn for Ingenuity but it was THG that said no, and suggested the options route.
THG forecasts for onboarding new Ingenuity customers for 2022 are ahead of schedule, with an orderbook of 450 customers signed up already, and more expected to be added as momentum builds, however THG's forecast projections have been based on a cautious 400 customers. Each of those customers are likely to stay on board for between 3-10 years it is said, therefore the number in 2025 could be huge. Toblerone and Nestle are very happy with the partnership. Other brands (https://www.clinkspirit.com/) also come on and sing THG's praises. THG have "daily" calls with Softbank and are extremely happy with the partnership so far and the relationship is very good. There are some aspects of Ingenuity which they are not yet charging customers for because they are of small cost to THG, but they realize they could monetize these features going forward as customers would normally pay 3rd parties for these features (transaction processing was one example) as they basically left them as an oversight when on-boarding previous customers due to an "oversight" - they say this in the Q&A. There's loads of upside, and once customers are locked in, it's very hard for them to leave due to Ingenuities efficiencies vs multiple 3rd party suppliers. It becomes a SAS.
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