Member Info for onsolidground

I wasn't talking about calling from the viewpoint of a personal shareholder HH.

Perfect opportunity here for a foot in sock , hand in glove stakebuild for THG and I'm not the only one thinking it and at stupid prices considering.

You can't argue with a seller in the market. But the other side is always that there is a buyer. Somebody got an absolute bargain at 18.125p. Why?

At FY results in May.

"The Group reports, subject to audit, revenue of c. £194mil up 42% versus 12mth ending Feb 2021, and Adjusted EBITDA c. £22mil"

Yesterday

" For the full year to 28 February 2023, we now expect between £215m - £225m net sales and adj. EBITDA of between £18m - £20m.

So despite everything still looking at 9% growth this year and only a slight EBITDA fall.

Cluster #uck in late communication that hopefully has caused the Board great angst in having to answer some heated large shareholder calls yesterday but on any scale its hard to see recent events meriting a 160p to 18p's and 20p's fall and the more recent over 80% fall in the last 2 and a bit days.

All of my recent additions are ISA's and in the bottom drawer with a review date of after Xmas and the January sales.

The question is has matt Moulding upped his stake or THG decided to stake build.

I wonder HeresHopin if Matt Moulding was one of those shareholders who got his call answered.

Seller now looking like cleared and correcting back up.

Well done all those who added on the dip.

The 2 mill and 7 mill trades either say seller gone or somebody has been mopping up hence the correction back up on the price. Been a disaster for them whoever they were if they bought at 160p but probably a bargain for the purchaser.

Been an interesting morning. Lets see what Round 2 of the day brings.

Not complaining.

What a gift.

Anyone?

I read it in the Times last night that Putin was looking to end the war hence my confusion

Farrell93. RevB are already using Matt Mouldings THG Ingenuity in the US, Australia and New Zealand so much more scope there. It would be a hand in glove acquisition for THG and with access into 15,000 retailers.

"“The investment in the DTC platform has led to a significant uplift in sales and customers, and growth in KPIs such as conversion rate and average order value. Further investment in the DTC platform was made via a partnership with leading e-commerce provider THG Ingenuity, which went live in January 2021. This has provided the Group with a number of benefits including a global website optimised for mobile with local language storefronts and payment options to appeal to the core customer base of millennials and generation Z. It has also enabled the Group to launch 'Rev Rewards', a points-based loyalty scheme where members earn points on each purchase. Points are earned by engaging with the Group's social media platforms, leaving reviews or referring a friend. Points can be redeemed for discounts, free gifts and free delivery, all of which drive customer loyalty and provide the Group with valuable customer data. The scheme is effective in translating shoppers into loyal customers, with 'Rev Rewards' members purchasing items more often with significant additional spend compared to standard customers”

Also from its own growth Growth Strategy
• Further global opportunities to scale in an efficient manner using the partnership with THG Ingenuity.

HeresHopin was it not last Christmas that many retailers got caught out with port problems and shipping delays and with serious question marks over for instance whether kids would be able to get the "in" toy in their Christmas stockings. I seem to remember the issue with Playstation 5's and was there not also a shortage of HGV truckers so large containers were also sat backlogged at ports and not being moved.

To me it therefore seems prudent therefore to be building inventory and stock levels to ensure we have all we need and in the shops and warehouses where we need it. It might be related but for whatever reason last Xmas RevB sold out of the 100,000 Advent calenders that it had. Hopefully this year they are fully loaded up with a lot more to satisfy demand.
Didn't though stop REVB having an extremely good festive season.

On the one hand you have Jupiter who bought £90 million worth of shares in the IPO at 160p per share and who have watched the share price decline despite a really good update in May which caused a 25% bounce and only for the auditor delay to emerge when it has and the contents of yesterdays RNS. Disclosed that they have sold 1.88% between yesterday and today. Clearly not happy with their position.

Then on the other side of the equation you have many new entrants here who have spied the share price graph and a share that was 160p only 11months ago at IPO and is now at 20p and which has fallen over 76% in the last 2 days despite

At FY results in May.

"The Group reports, subject to audit, revenue of c. £194mil up 42% versus 12mth ending Feb 2021, and Adjusted EBITDA c. £22mil"

Yesterday

" For the full year to 28 February 2023, we now expect between £215m - £225m net sales and adj. EBITDA of between £18m - £20m.

So still looking at 9% growth this year and only a slight EBITDA fall.

Hard to see that meriting a 160p to 20p fall and the more recent 76% fall in the last 2 days.

Particularly when any shares sold will already be in the hands of other holders.

Goldenyears you can have absolutely no idea what the stock levels are at REVB as they are never published and it would be right to be stocking up now (as per their RNS) to ensure they have the cupboards full for the busy Q4 so I'll politely say that you are mistaken and leave it at that.

You seem to be coming across today as some kind of know it all but in reality I'm not sure you are.

Better afternoon here today and hopefully another few more should put us somewhere midway between Matt Mouldings £821,000 share purchase and that of Lord Allen with £1Million. It would still undervalue THG but to get back to midway between might be some form of acknowledgement that recent pricing has been wrong.

Lets see how things play out now.

Date of completion stated as 3rd August at the foot of the RNS

2phevs, do you or anyone else have access to the relevant section in the Citigroup 62 page detailed report which compares Elf with THG?

"RevBs issue is they have moved away from the test and repeat model and now buy stock in bigger quantities. They have been caught out getting greedy."

I'm not sure you have this right Goldenyears. Test and repeat they might do but the mainstay of their growth is that they go into a new territory and sign an exclusivity deal normally with a high profile retailer. Then they build up the brand and sales in the country. End of the exclusivity period the demand is there to further expand into more and more retailers. It's all over their literature.

Any perceived problem seems to be that instead of what should be results tomorrow the auditors needed more time and they will be issued in 3 weeks time. Could be Russia Ukraine related. Could be another reason. Who knows. That plus headwinds which you have to say they seem to be working around well whilst still maintaining growth and only a projecting a marginal hit to EBITDA. Doesn't justify what was a 78% fall over the last 2 days and 160p to 21p given all they have achieved to date. Its a lock up and leave for me.

I'm just getting the feeling the market makers are trying to simply eek out everything they can around these levels. Up, down but slowly teasing itself higher today bit by bit. Everybody I think knows that THG is clearly worth multiples of the present share price.

Just taken a recent first top on REVB also for exactly the same reason. Down 78% in 2 days for a 3 week delay to results but behind it all what will still be 9% annual growth and only a £2M Ebitda fall despite all headwinds. Seems overdone and with sufficient headroom. It's a look back in 3 weeks and then in the New Year after the Festive season and January sales. Every chance it will see stakebuilding or get take out.

No need for infighting. Keep it sane

THG is clearly undervalued off the Elf numbers. We know that from a 170p lowest bid, Citigroup 220p valuation and their comments that Beauty alone which is now worth more than the present market capitalisation. Two very large director buys at 70.2p and 86.27p

What we don't know is if THG Ingenuity stock and distribute Elf in any geographies as they must be an easy route to the market for many.

1pencil posted a really good update off L'Oreal which we stocked 308 products of but what I didn't realise was how many actual brands L'Oreal and many others have under their beauty umbrella.

Take a look at this link for it will really open your eyes to what a deal with any one of these companies can bring in.

L'Oreal for instance actually own Garnier
Vichy
Dermablend
Redken
CeraVe
Maybelline
Matrix
Biotherm
L'Oreal Paris
Keratase
NYX
La Roche-Posay
IT Cosmetics
Urban Decay
Seed Phytonutrients
Carita
Biolage
Clarisonic
Lancome
Shu Uemura
Essie
Pureology
Kielh's
SkinCeuticals
Yves Saint Laurent
Ralph Lauren
Giorgio Armani
Maison Margiela
Diesel
Victor & Rolf
Proenza Shouler
Helena Rubenstein
African Beauty Brands
Atelier Cologne
Cacharel
Style Nanda
Baxten
Mizani
Pulpriot
AcneFree
Ambi
SoftSheen-Carson
Guy Laroche
Decleor
Roger & Gallet
Paloma Picasso
Yue Sai
House 99
Sanoflore
Magic
Niely

https://www.crueltyfreekitty.com/news/who-owns-what/

before they adjust it back up in the interim to the higher of the two Director purchases or maybe split the difference.

Matt Mouldings purchase. £821,000 at c. 70.23p
https://www.thebusinessdesk.com/northwest/news/2101321-thg-boss-matt-moulding-gifts-820k-of-shares-to-friends

Lord Allens purchase. £1M at c. 86.27p
https://www.business-live.co.uk/enterprise/thg-chairman-invests-almost-1m-24349375

A 3 week delay doesn't merit a now a 70% fall and particularly given the published numbers:

At FY results in May.

"The Group reports, subject to audit, revenue of c. £194mil up 42% versus 12mth ending Feb 2021, and Adjusted EBITDA c. £22mil"

Yesterday

" For the full year to 28 February 2023, we now expect between £215m - £225m net sales and adj. EBITDA of between £18m - £20m.

So still looking at 9% growth this year and only a slight EBITDA fall.

Happy to say it again and again that it hardly merits 160p at IPO to 22p

Goldenyears it seems you are having difficulty posting any precise sentence which I know is not there.

It is exactly as stated in the link.

Has it now bottomed out. That is the question.