Came to post the same message spookily enough. ASOS numbers on a like for like comparison of rev, ebitda, cash etc worse than THG yet their SP rises as itās already low and no shocks. The delta between the 2 is we got an arrogant idiot running THG they do not.
ITV under priced for a profitable well established media company with a lot of IP and back catalogues etc aside advertising. Vulnerable to a takeover especially if it stays below 80p after the share buy backs are completed. The buybacks should underpin the price if we get any black swan events like a war escalation
MMās been doing massive non cash write downs now for 2 years. What it shows is they probably paid double for all their businesses that fair value. None of them making a net profit after several years. Actually shows MM to be a manipulative muppet just ask anyone at SoftBank etc. He needs to be voted out ASAP. He also on top of business incompetence donates shareholders money to political parties and personally owns the units THG operates out off under lease agreements to him. All of it breaks new British conflicts of interest rules if people are familiar with them. MM should be pulled and fired on these items alongside significant under performance. Not to mention shares for his mates who havenāt earned them causing more dilution - Deperatly need an aggressive takeover, business split or exit of MM any of which would double or more the current SP instantly.
As said before by many, THG needs to either do a 3 divisional split or sell a division to clear debt. Until it does so it debt will continue to increase. It can only be paid down from PAT (profit after tax) AKA Net profit - Therecaint none and it looks miles away. To be fair this was always the cited case of the big sellers way back in the day. Got a highly leveraged company that paid too much for not always the best acquisitions and now itās paying the price of overhyping itself as some sort of wonder retailer rather than just another on line seller. So the current valuation builds in all these investment case uncertainties.
MM needs to go, EBITDA is BS for earnings, huge debt to service so are working for the banks effectively. Still no profit after tax nor sign of it. No forward guidance (totally inconsistent). Group needs to sell off a division and dress down total debt to get some value back to the SP. I think around a 5p drop as itās already lost 90% from its peak.
Clearly nothing to do with any split, normal job title for a division of Nutritionās magnitude. What happened to the current combat I wonder regarding head of Finance for nutrition regardless of whatever job title that was.
Interest on loans and building reformations of Ā£95M plus they brought a lot of land without planning permissions that are now being sold at a loss. Basically the last CEO screwed up and hid the mess for as long as possible. Worry is Pease and the current BOD were also on the BOD that messed up this destroying value and making any II totally afraid to invest. The whole lot of them should have gone and brought in new blood. Be a long time before we see any profit after tax that mean a dividend could potentially be payable - This is bear case.
People are converting to vaping as itās more pleasurable, doesnāt make your wallpaper go brown, better for your health than combustibles. Vaping will overtake combustibles within a few years, enormous market potential that Supreme are just scratching the surface off. Their other divisions are generating record revenue also as published. I topped up after the panic at 101p and see no reason why we wonāt be back over 200p again soon. After all SUP is now generating way more revenue & profit than anytime in its history. We also have wise use of excess cash to do share buy backs. Supremely run company.
Buy / sell spread of c.13% so the first 13% profit is your break even on trading here. If it can generate PAT one day with a smaller spread itās possible to get an ROI. However the extraction cost of oil is very high so this may never get to BEP. A good opportunity to exit is what smart money will do IMHO
Weird the SP has fallen a little more than the dividend. Although itās EXD today with dividend at 13p I would expect to fall maybe 8 or 9p. Itās better to by these shares EXD really, no tax and bigger saving than the dividend. I guess people will top up tomorrow before ISA closing day and we could see a small bounce backā¦
A lot of positives here, debt free, in growth mode albeit a drop in net profit and a higher average tax rate. The next kick ups will be EU license and later US and I think they are keeping some good stuff back for the new CEO to fly the flag on. Probably settle around 100p for a while then start rising again is my sense of things.
exactly crafty - ferrule***** is busy right scouring the internet to try to find his next negative narrative to achieve what i wonder? sad sad non value adding individual. he is too talentless to run a short or an etf, just some idjut who needs to get out more and get a life.
wild tiger - your more a ferile*****.
how long have you been unemployed now, wasting all you time on these bbās?
you donāt need to comment 140p is in the high side all brokers do that and everyone know it, you really are richard cranium and totally irrelevant. fair value under mm is probably 80 to 90p. if the group was sold off 200 ish (with mm owning the freeholds) without that closer to 300p. whichever way you look at it investor reality is thg is oversold and below fair value. keep it real and donāt bore us all with your silly nva comments.