Member Info for onsolidground

Thanks for clarifying that further 2phevs.

I swore I read it had been purchased for £22M but couldn't put my finger on exactly where I read it and thought it might have been at the time of the IPO but on reverting back to the IPO document it said this "The UK manufacturing facility used by the Group primarily provides haircare and skincare products and is sourced through Medichem Manufacturing Limited (a related party of the Executive Chairman). The Group has a call option to purchase Medichem Manufacturing.

So on what you have uncovered it appears they actually have bought the manufacturing plant and paid £27M.

That is the current market cap now.

That therefore values all the other operations at ZERO which simply cannot be the case. Established concessions in 15,000 stores across the globe, Own website for DTC. Link ups and seling through many other portals. THG, Zalanda, Boohoo.

I have checked back and the RNS is 24th November, and not Nov 21st. But here is what it says

"- Acquisition of skincare producer Medichem Manufacturing Limited (now named Revolution Beauty Labs Ltd) for c.£27m (subject to completion accounts), to vertically integrate the Group and improve productivity, cost base and margins over the long-term"

It's in the Operational highlights section underneath the first table.

https://www.lse.co.uk/rns/REVB/interim-results-9o7tj4ccv8wis5d.html

Just to correct on the manufacturing plant. Crossed wires. It is done through Medichem manufacturing in the UK. Not owned by RevB but they have a call option to buy it should they wish. The rest is sourced from Asia. No details in the public domain on this.

Didn't IR communicate with somebody on here saying 3 of the Board had been communicating all day on the telephone with institutional investors at the time of the last RNS. It does make you wonder.

That said 66p to 8p does seem overexagerated

Just having a look back to see what the case is with the manufacturing facility

I think the overreaction is in the recent falls in the share price from 66p on the run up to results to 8p.

I think they paid £22M for the manufacturing facility valuing the rest of the company and all its operations at only £5M.

offmessage its been a drop on top of a drop and on top of a drop for 9 or 10 days now with the exception of yesterday. Arguably some overreaction in there. 160p at IPO 11 months ago to only 8p / 8.5p maybe backs up your call.

Its been mentoned before but it would be small change for THG who have over £500M sat there on its balance sheet and a plentiful credit line on top.

I see that now. So hopefully the Directors will all be eager to fill up the minute results are announced.

The question is how much double counting has there been on the drops.

Personally I don't think the Directors have acquitted themselves well at all here.

They should have got the full facts then reported them. Not one cryptic RNS and followed by this.

Had they just issued one then we would probably be sat nearer 30p.

Watch them all buy once closed period is out. Makes you wonder if that is what they have been angling for all along.

It should be noted the potential changes to the results for FY22 do not impact the net debt position previously notified of GBP21.2m as at 31 July 2022 and management reiterate they believe that the Group's GBP40m revolving credit facility provides sufficient liquidity for the future. Management also confirm that guidance for the year ending 28 February 2023, as set out in the announcement on 2 August 2022 remains unchanged.

Off that RNS it is not Jupiter that has been calling the shots over the last few days. Somebody has been using them and all the bulletin board idiots for cover to drop the price and fill their boots. How many times have we read the life history of Jupiter, Chrysalis and been told that Jupiter are a distressed seller and dumping the lot.

That does not equate to todays RNS and they can easily achieve a lot more if they remain patient.

Since the RNS. Less frantic for sure.

Will we see more of those big buys appearing?

Where you go in and you have your esteemed Dragons with their business expertise sat on their chairs the other side of the room from you assessing your products and business. Then there is you with half an inkling of which one possesses the best skill set to help you and your business. Their investment and expertise for a slice of your business.

In retail Next would be the Dragon you would wish to hook up with.

or they have sold all they want for now.

You seem to be making an assumption which todays late buying surge seems to turn on its head.

Its good to see the big trades going through but there also seems to be several buying off the sidelines.

Hopefully the bottom was reached today as it is massively oversold.

A 9% growth rate and marginal fall in EBITDA does not merit a fall from 160p to 16p.

Nice rebound coming in a few weeks you would think if the REVB numbers come out as indicated.

You might be correct. Could it be a coincidence that Lord Wolfson has just announced today that he is stepping aside at Deliveroo where he is a Non-Executive Director and might we see him or another take up a position on the Joules Board as part of any deal.

"The Board of Deliveroo PLC announces that Lord Simon Wolfson has decided to step down from the Board.

Lord Wolfson said:

"After much consideration, and with regret, I believe that the time required to continue in my role at Deliveroo is no longer compatible with my executive and other commitments. I have enjoyed my time working with Will, the executive team and my Board colleagues over the past 18 months and wish the Company all the best for the future."

I'm as surprised as you at the fall and yes there is always a risk that Next might walk away but I think it was they who approached Joules.

246p to 197p was the share price in the two weeks prior to all the adverse publicity surrounding flight cancellations.
That appears overdone for less than 1% cancellations. Probably the pick of the bunch alongside Jet2.

I see they changed to font on this paragraph to make it stand out.

There seems to be a significant gulf between what the news was happy to print and broadcast mainly at Gatwick and what we have just reported.

" We remain committed to operate the Summer programme with as minimum impact to customers as possible. TUI Airline has carried 4.8m passengers3 in May and June with 96% of customers arriving without any major impact4, despite operational issues at airports. Cancellations are rare compared to other airlines, with less 200 outbound flights cancelled in May and June, representing significantly less than 1% of the Summer programme."

Much better than I had expected.

Chance to top up as well.