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Last year we had a trading statement in Jan so hopefully same again in a couple of months.
MM needs to act quickly and max his digitalization whilst cutting headcount way more. It’s a necessary harsh reality, I’ve been on both the receiving end and the top end of this and it’s the fastest easiest way to improve bottom line as other fixed costs are completely fixed like building rentals, utilities etc. My feeling is MM let’s emotion effect his decisions that are in the best interest of the company (& hence it’s owners which are all us shareholders). Revenue will continue to drop so very quick hard decisions needed to grow bottom lines (stem the PAT losses). Profit after tax has been non existent since inception, hidden by a dearth of overpriced acquisitions. It’s time for hard medicine now and if it’s done correctly and quickly we will see a much higher a SP in about 12-18 months. (Otherwise we need a split or a takeover to get some shareholder value here). No quick fixes on the horizon, MM stop your monkey business and drive THG to generating PAT and becoming cash accretive….
SEE Seeing machines Raised £27m at 11p per share in Nov 2021. What it’s doing below 11p is just silly as it’s a bigger growing company now than in 2021. Not surprising the Directors keep loading up. A lot of cash rich companies want to get into AI which is trading at big premiums everywhere except here it seems. The only way is up, enjoy the ride moving forwards I think…..GLA Longs
SP has sunk like the Titanic but should rise like Phoenix now (hoping they don’t go up in flames of course). I rate us a strong buy at these paltry prices. As said shortage of Student accommodation and that’s what we’re good at.
Finally some good leadership actions on the way to simplification and increasing profits. Spain looses £300m per year and has little to no growth due to regulations. Very good Omen of what’s to come to return our SP to 200p plus where it should be. (Looking forward to a higher SP in the medium term).
It’s strange to think we was 240p before, no dilution and record top and bottom lines and cash on hand coming (see trading update) and we are languishing at 103p ish these days. [Horrible UK markets, that seem to ignore consistent growth and success). SP’s always find their true levels and I’m sure Sandy and team will have some more good news in the results current and forward statement segments. When people will realize SUP is going places and we get back to nearer 200p I don’t know……
It will take around a year to get results that reflect normality, SP will stay low for a lot longer. Once /If the strike end the writers will start up again but not need ZOO immediately, then you got contracts to negotiate + digitizing + completion approval + say 90 day payment terms etc. We should see a small uplift as the SP will lead results but nothing too exiting for quite a while.
I’m not astounded at all, they have done their update, it’s not good but I also don’t think it’s that catastrophic unless we get another update in few months saying things are much worse. Any form of bolstering the SP announcements would look like panic. It’s all about the next results bottom line here regarding what could be a meaningful uplift or drop. It’s hard to be sure but I’m long and think (hope) it’s way oversold. The inside money seems to be running for the hills, not a good sign.
I think your investing is smart 2phevs. Finding stocks with quite high VIX can very lucrative. For I tend to stick longer term if I think a share could pop. With my luck the day I sold say £30k off from my 800k shares current holding would be the day before a bid or divisional break up to release the value here. (Good luck to you and appreciate and like the candidness). SteveInHull you do your thing and others will do theirs. All trying to make a few quid and feel like clever dickies as we do 😀
Sorry guys on the Spa, I missed this along the way. I thought beauty was only on line makeup under various names - Need to do my research. More a moot point now but CityAM is just a very odd purchase and it does make one wonder will it stop there or will we get more of this lack of focus, we were all told non core was being sold off and it started to happen with the bike adventure only to be buying a digital financial magazine. GLA thanks for the updates, I’ll get back to finishing off my humble pie now, sour though it tastes 😀
I agree, it’s a day traders delight. I saw it was the biggest caller today looked at the data ant got £9k at 57p. It looks like an over reaction to me, also Black Rock and Helios took big positions noting the holdings updates recently. I think it could get back to 70p next few days let’s see anyway. GLA
We have 3 divisions and supposed to be simplifying the business:
Beauty, Protien, Ingenuity — We then but City AM, Health spars and strange vanity project companies. Where do these go in a 4th division called “A.N.Other” I am please to see these health spars are profitable but what about City AM and what silly thing is next on MM’s surprise list (Serious Investors and II’s don’t like surprises, it seems we are devoid of declaring and executing a simple clear profitable strategy and this really concerns me as it’s easy to hide and move losses around and again any opaque numbers keep serious investors away (Hidden risks). I’m heavily invested and believe one day the business will be sold or split but if that’s say at 60p MM or whoever say we are buying it all out at a 40% premium great offer of 100p per share I will be be very disappointed. So with current investor Halloween shenanigans frightening a key investor II investor segment away (& failure to list on main market also) we are vulnerable to a low ball take out - Probably by MM himself.
My practical worry is as recessions and economies slow so will THG’s revenue and I am not convinced they will have a brilliant H2 and make up the H1 miss. This in turn will feed the shorters and nay sayers and keep the SO where it is now more or less. Hope I’m totally wrong and we have a stonking Christmas & Ingenuity lands a couple of whales.
With 14.3% spread between bid & Offer plus dealing fees you’d need a 30% share price rise just to get back to break even. This share just keeps the staff and BOD in jobs taking PI’s money and continually diluting.