Member Info for Okehurst1

Ste ,

No red dot ….the II shorts will get squeezed

This is in the can for us little PI’s to make a few quid, decent punt at these bombed out levels, last week was a gem to pick up in the cheap

Just sit back … wait for the update

Deserves a bump, OSG spot on

2:1 buys to sells again today

Looking forward to making a few quid on the back of the shorts try to close out of here

A/S it’s looking good

We just need to see cost cutting / capex slashed and FCF positive and £175M 2023 guidance and we well bag from here

We are set up now for THG update

No red dot profit warning …

Sit back and wait for the Short squeeze

Boots …. Biggest single day Black Friday ever

Boots smashed it …

Raised full year guidance

Looking decent

file:///var/mobile/Library/SMS/Attachments/df/15/B1123102-8DEB-448B-B0CA-41F45AE92218/Walgreens-Boots-Alliance-Reports-Fiscal-2023-First-Quarter-Results-2023.pdf

Hi 2phevs

Please can you post link when Boots announce ?

Watch for Short Covering running up to Update as we gap to the £1 ( post update )

Still no red dot profit warning it’s looking like we have 2022 in the can

50p on offer

Very good point 2Phevs

Think we will start to see short covering in THG start up over the next few days

Next forecasting profits UP in 2023, cost cutting

Bell weather outfit

Quality retailer Next
They always play down and then over perform

Sales in the Christmas period have been better than we anticipated’

‘Based on this profit guidance, Earnings Per Share (EPS) would be 567.2p, up +6.9% versus last year’

Sales and Profit Guidance for the Current Year

We have increased our pre-tax profit guidance for the full year by +£20m to £860m reflecting better than expected full price sales in the period. This forecast is based on full price sales in January being broadly flat versus last year. Our revised guidance is set out below, along with our previous guidance given in November’

THG will have spent nearly £1/2B last year the next 24 months on capex on a market cap not far off same and run up debt to £300M and FCF negative in the process

10,000 staff and sales growth of just 10% , arguably with inflation at 11% that’s not growth?

The market will continue to punish THG until the BoD do something about it and if they don’t someone will Bid once the GS goes and show them how to generate cash from the SOTP

Point being I don’t think the BoD are that dumb - they can’t be -some smart boys within THG, Moulding thought it would work for him to let the share price fall and load up on the cheap and try and take private and we all know how that worked out

He has to pivot ,go hard and fast, he will do so alongside the trading update is my call, will there there be a rabbit out the Hat on top ? I wouldn’t back against him at these levels ?

We will soon find out

Salesforce slashing 10% of staff , share price rocketed
Watch Amazon up today

Know one wants to see people lose their job but it’s now necessary within THG ago cut costs - urgently - slash capex

https://www.thetimes.co.uk/article/amazon-to-cut-18-000-jobs-gvmsfwxnr

You would have to have some bottle using your own £P’s to short THG at this point - even being out of the stock you miss the upside as we start to gap up on approaching trading update

We are set up in a decent position - no red dot profit warning

Nice IF they come out top end (£130M 2022)
Capex cut so FCF positive
£175M to £200M guidance FCF 2023
Serious FCF positive at that point
Guidance on margin is up

Throw in cost cutting and we power past £1 and we don’t go back, then it gets interesting for us Longs as the Shorts have to reconfigure

Mouldy advised on the last conf call he is letting the GS expire

Can’t see full listing in April, unless he changes his mind he’s running this to the wire

Mouldy pivots and slashes capex or he is exposed

THG is dirt cheap at this 40p(£600M) range , just can’t see how those 70M shorts close below these levels, pivot or T/O be that hostile /MBO and they get burnt.

We may see the 50p again today