Picked up on proactive https://www.proactiveinvestors.co.uk/companies/news/1010705/thg-activist-investor-offers-helpful-advice-to-boost-shares-1010705.html
You have to think of it in terms of the customer.
If boots sells a face cream for £20 what is their margin on it 50% before overheads etc ?
Platform fee for ingenuity what 3 % max ?
Even if profit margin is 33% that leave effectively 1% of the GMV as net profit / contribution / whatever
Sounds about right to me
The cash runway looks nice and secure so that gives me peace of mind.
Good news about the cost savings but thought profit guidance might be a bit higher… maybe under promise and over deliver for 2023 which would be welcome for a change.
But if soon in there but hopefully all seen as positive.
One of the comparisons is to q4 2020 instead of 2021 ?
Let’s see what the analysts make of it
Fingers crossed
Needs to have some FCF first and that depends on profitability, capital spend and acquisitions.
Feels like a growth stock that is consolidating all its previous acquisitions to me still though. Let’s see what he has to say tomorrow but dividend years off imo
I agree
The thing with boots numbers is that you can actually click and collect from a store, so at Xmas you were guaranteed to get your gifts.
I wonder how much delivery issues will play on our numbers.
Hopefully a good set and the above prob just affecting beauty ?
Fingers crossed
A whole £500 of profit lol.
Some recovery though from the 30p lows
Hope everyone is on their way back to profit too.
Was doubting myself on the continual average downs but it worked in the end. First bought at 700p ish ouch!
Good luck all
It’s not a knockout update but for me pleased to hear that we aren’t going backwards. Decent growth on the mature income streams. Change of strategy on ingenuity which sounds good but how long will it take, could be more jam tomorrow.
Increase in banking facilities and unwind of working cap with reiteration of £500m cash at the end of the year is the biggest positive for me as it gives that time. Cash is king etc plus getting a new facility shows some market confidence ?
Fingers crossed