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Could be wrong but, news should not see too much further drop, possibly a slight rise.
Successfully delivering programme is where the rise will come. Any bad news / duster / coulda / shoulda / woulda Excuses will all lead to significant drop
They had plenty of sniffs...Listen to the CFO on the webinars... He said we are holders too, we will only conclude a deal that is good for our shareholders...scot is right to suggest you must trust BOD...
Only other option is to sell and take the risk, which is what I have done. Covid uncertainty is looming large too.
Value pay...ignore what people say...your trying to make money just like we all are. As far as i am concerned people who try to define you as not a real investor are borderline foolish. They should stop and reflect that you just made 4.3%. Well done.
I got in at £1.87 and I am still in. I wasn’t looking for quick trade Gain over a week or so, my bet is based on the xmas trade period. I choose to go with following
a) that christmas trading and margins will be very strong
b) that international markets will be very resilient in the face of covid
c) further progress will be made on ingenuity
So my play is to stick till 2nd week in Jan and see what the RNS says.
£3.50 would be nice exit point depending on trading update in Jan. perhaps positive trading update will start to fuel speculation on the future of business in Jan, but i just can’t see any significant moves for this share.....this side of Santa at least.....Would not turn nose up at early crimbo though
Dyor
British business has a lot of form and historical examples of businesses trying to grow too quickly. Usually this leads to indebtedness, but often a lot of what goes wrong is that management simply over extend themselves, particularly where they buy up multiple businesses
The capex figures you identify are a worry for me, especially because i’m new and the large stream of acquisitions look a bit higgedly piggedly to me. My worry is two fold
1) that a continual stream of acquisitions will continue
2) acquisitions are costing too much relative to long term value. Too much too quickly.
Grateful if you could offer a view on this.
Can anyone advise on the leadership structure at THG
Is there for example an MD for ingenuity, basically how is all this complexity being managed...do all roads lead to MM and is enough responsibility devolved?? I am struggling to understand this...is this what is at the root of the governance concern or is it something else??
Cheers
What would people think of MM stepping away from CEO into Chair role?
Can the number of brands and companies Recently acquired be rationalised into easier to manage departments. The rapid acquisition must have put leadership under pressure. Have they any internal reorg plans announced??
Why if it goes down will you buy more?? If it drops because something fundamental is crystallising will you still buy? Markets are there for a reason, the fact this is still going south a month after the corporate update should tell u something. I got in at £1:87 but buying more because its going down don’t make sense unless you strongly demo its irrational in nature. I am thinking i thought it had bottomed out, but i am prepared to accept i was wrong
I forgot to add this indicator was broadly neutral for most of the last 6 months. It obviously fell off cliff just before corporate update.
Its still in negative territory but the trend line since start of November is broadly upwards. Its recovered to midway negative territory with low being -20 and last i looked -10.
I would hope it returns to neutral (0) over the next two weeks.
Anyone got any background on this indicator ??
Kallumama...there is no reason to point fingers at auditors.
I got on board because:
I figured 75% of the drop was justified tech bubble
25% overdone...but willing to accept i might be wrong
I think they will post a strong Xmas performance
I researched two further things:
1) Actual people who are customers. They say customer support and fulfilment is generally very good (they are customer support and fulfilment professionals) so i was reassured by this. Heard some mutterings about one delivery outfit that whose name sounds like an ancient god, parcels turning up a bit bashed up, so not a perfect 10 but good enough
2) i saw the rather negative employee reviews, but i looked closer at their recruitment. They are getting much slicker around CRM and data strategy.
This last point is really really important. Recruiting the right data and crm skillsets will let their marketing and growth strategy fly.
Finally i am guessing here, but building that CRM strategy should massively increase the value add around the ingenuity platform. They need 6 months minimum here
In terms of broker view / THG comms i think they have under communicated the importance of CRM / Data strategy to the long term case for this business.
I think they will get it right around data and CRM, and this will drive massive value creation + address some the concerns around growth through acquisition.
I read the fools take on things, but it didn’t really consider crm and data (probably considered too detailed)
Still this is my research. Dyor i had never heard of MM or THG 3 weeks ago, but this is why I am now a holder although only a tiny nibble in the grand scheme of things
87p was not really a prediction....86.4p was more a statement of fact
RNS likely was a prediction, but hardly one of astonishing insight...one is expected soon.
I am mindful that this could rise both pre a post RNS. I would like to get back in, but the risk is i will have to pay more than 84p to do so...
If your in ....then 87p must be comforting