The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
An article pushing the current success of Elf which I'd consider to be one of our closest competitors.
https://www.telegraph.co.uk/money/investing/stocks-shares/nothing-cosmetic-about-elf-beauty/
I hear what you're saying but looking at the SP since IPO I'd suggest that so far MM has managed to shaft all investors not just PI's.
I'm long by the way and holding fast in anticipation of that situation will changing. I think there are many signs that change is coming.
"My contacts tell me that business is there to be won as Brands turn their back on trying to develop that expertise in house, and turn to service providers and market places"
Absolutely, the enormous capex has been used to build and establish one of the most advanced end to end D2C global infrastructures ever seen. Businesses will eventually all catch on, not a case of if but when.
You've obviously just arrived otherwise you'd know where the £2.20 -£3.00 sum of parts valuations are coming from, Liberum has already done the work for you and upgraded to a BUY at £2.20 suggesting that all of the divisions are severely undervalued, which any genuine investor here already knows of course.
The reality of the job cut situation, the planned automation is going as planned.
"THG is planning to slash 160 jobs across its marketing, sales and warehouse teams.
Around 60 marketing and sales roles are set to be cut at the online and tech business.
It has started a consultation to axe jobs at Ingenuity, its ecommerce services platform, that will run until the middle of March.
Additionally, the group is planning to slash around 100 roles at its Warrington warehouse after the automation of its factories.
An internal email to workers, initially reported by the Warrington Guardian, read: “Subject to consultation, The Hut Group is proposing to reduce the number of employees employed in the Omega site.
“688 employees will be placed at risk, with our current proposal being that circa 100 employees be made redun
Commenting on the Ingenuity job cuts, a spokesman said it was “committed to reviewing operational efficiency across the business, in line with its strategic pivot towards larger enterprise clients”.
He added: “Subject to the ongoing consultation process, these changes will likely result in a number of redundancies.
“Whilst this is regrettable, THG will support all colleagues affected by these changes, including exploring redeployment opportunities across the group where appropriate.”
The news comes as the ecommerce business has been investing in the automation of in its UK warehouses, which has caused some shift pattern changes in its Warrington warehouse and several brands moving to the Manchester Icon site.
THG reported its best quarter of the year earlier this month, as sales edged up 1.1% to £597.9m across the golden quarter.
The business was boosted by strong sales across its beauty division including Cult Beauty and Perricone MD, which delivered growth of 2.6% to £387m in the quarter."
They are being replaced by a system heavily biased by robots which was always their intention, the job cuts indicate that the system is indeed beginning to function successfully and efficiently as intended.
There is a good reason why after recent scrutiny Liberum raised coverage to a BUY at £2.20
VC, what would be your motive to question the authenticty of any authors posting positive and factual information here? My guess is you are not invested 🤔 The craziest are doing double time on a Sunday, someone is worried 😁
@ Hardwell
Just airing my thoughts but would employing someone to ardently try to support the SP here not go totally against everything the naysayers try to suggest against MM? Surely he is employing the many trashers so he can pick the whole thing back up on the cheap?
Licker, you suggest that you disagree with me but having re-read my post and yours I'm not sure why that would be.
I did not say that I agree with MMs methods and the way things are developing stealthily without fanfare, I merely suggested my feelings on why that may be.
I'm as frustrated with his effect on the SP as anyone but piecing everything together I think there is certainly a crescendo to come.
Hence I'm holding fast and accumulating on dips.
Thanks for sharing, another example of growth and positivity that is ongoing in the background. There will be a reason it's all happening without fanfare and that reason will coincide with why MM has the unwavering continued support of the 65% club. I feel when the crescendo comes it will take a few by surprise and hurt most those he despises. Just my thoughts....
So you cut here at lows and buy into something that's already boomed? I've of the thinking that I'll wait our turn here, if you look past the paid trashers business appears to be heading in the right direction globally. There seems to be more focus on the USA which is likely pushing brand awareness before moving to their markets.
Oh god, the A ssole I diot boy is back
Hardon, are you and mildpu55y alter egos?
Cheers Hardon
enough of this *******s, my new state of the art ai tool is telling me we are close to lift off. i'm buying all i can at these levels.
Agreed, the board haven't spent 15m and invested all of the necessary time and effort into making all divisions USA ready only to sit and watch the company value dwindle down here on the prehistoric and dying LSE. Just a matter of time.
At crafty, while I do believe that the LSE in combination with certain financial institutions and media has it's obvious flaws which promote the use of lies, deceit and daylight robbery to benefit the minority I can not proportion as much of the blame to them as you can. Since IPO MM has produced an awfully long list of misses and fails which I believe have had more to do with the current SP, I'll spare us all the misery of listing them all.
The big conundrum lots of us keep coming back to is that through this appalling period since IPO he seemingly still maintains the unwavering support of those that are much more in the know than us.
Just my opinion also.
Crafty, to suggest that the actions or lack of from the CEO of a public listed company has no influence on the share price I believe is somewhat naive. I've been in this share a long time, the demise of the SP has been painful, some of the vocal and demonstrable actions of the CEO that only ever give fuel to and compound any negativy has been downright emotionally frustrating. He has not yet been seen to do anything positive for investors in the company. He's a one man walking PR disaster, Lord Allen likely spends any of his alloted THG time giving advice on damage limitation, there are signs that his efforts are making a difference but lets not be fooled into thinking MM isn't a loose cannon.
This said I do believe that MM does have a certain skill set that can eventually drive the company forward and in turn reward holders. It's just been an incredibly long and tedious hold.
I also feel the current quiet is a calm before the storm.
Let's see.
Crafty, I'm well aware of the tactics that can be used to influence the SP but ultimately is the level of a stock price not primarily set by the volume of buyers in relation to sellers?
For what? I sincerely hope it boosts his incentive a lot. There seems to be way too many shares gifted about for my liking. How about just doing the job properly that you are already paid handsomely to do? I see the news impacted the SP accordingly.