Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Don't be in such a rush to lose your shirt. Let the dust settle and see where it is.
If it is a bargain then there is lots of scope/time to buy in once it has settled but if it is a basket case then throwing good money after bad is a fools game.
You'll find a better bag here:
https://wearemenos.com/
not big enough for THG but decent bags all the same.
Retail as a whole, be they Rags (BOO/ASC), food (SBRY) or a blend (MKS), are in the firing line right now.
We know these ups and downs are cyclical and at some point the trend will change and fortunes will change.
It is merely a case of buying the troughs (or holding out on a higher position) and waiting for the peaks.
THG is no different from the other retailers - insofar as I consider that they are going about their business as normal, the share price is simply a reflection of market sentiment to external factors and that the business performance and share price will, at some point, align to more normal and realistic levels.
It just takes patience if you are exposed at a higher price but have no immediate need to liquidate for cash.
Just pointing out that some in the industry are struggling.
Not necessarily negative as it creates opportunity for others and, as you say, it may be as a result of Revlon struggling to compete with online retailers such as THG.
FACT CHECK
I see Revlon has filed for Chapter 11 Bankruptcy protection in the US. Not trying to make any comparisons but it highlights that a 90 year old cosmetic giant has struggled with recent supply chain challenges.
https://www.bbc.co.uk/news/business-61835796
I am a LTH.
1Pencil - surely it is not as simple as that.
There is an array of different transactions which hedge their position against gain/retraction in the share price.
I am not convinced it is simply a case of them buying more than they are selling.
It would make sense that they hedge their position so that they are protected by adverse price movements until more clarity is available.
Interesting that all of the talk about THG Ingenuity and figures make no reference to THG On Demand - which is part of THG Ingenuity.
THG On Demand, as part of THG Ingenuity, contributed an additional £128.1 million to 2021 Annual Revenue.
Are you sure about your numbers?
I read it that the number you quote of £45.4 million is THG share of D2C products sold through the Ingenuity platform as part of ongoing sales agreements.
I also read that Ingenuity revenue for FY 2021 was £194.3 Million which I attribute to revenue from placing Partner businesses onto the Ingenuity platform.
If you are going to quote numbers then give the full picture.
Discuss.
Maybe something of a different angle but this now allows them to focus on their oil assets. These assets would have required significant investment to bring them online and since there has been no engagement from the KRG for some time then maybe it is not as negative as first thought?
The simple truth is that we all believe that the share price should be higher than it currently is. The fundamentals of the business are sound, as are the assets. The 'fly in the ointment' is that we are in a region which is seen by many as unstable with an independent Government that moves the goal posts at will.
Until the KRG commit to pay the amounts due, on time and without deferral then our foundations are as solid as sand.
Just think - you could have bought Amigo at 30p a couple of weeks ago.
We are struggling with poor sentiment but it won't be indefinite. We will get Payment News and some Operational News at some point which I expect will lift GENL out of the Doldrums.
Unless they find a way to plug the unchaalanged outflow then they are in trouble.
Let's hope the CEO is the man who is prepared to work with the FOS/FCA. Simply paying every claim and FOS upholding almost every unpaid claim is unsustainable.
Let's hope the CEO shares his plans soon.
The FOS figures lead me to believe that there are very few circumstances where they side with the industry against the customer...particularly in the sub prime lending market.
Not sure how the board can be more robust with claimants when they simply go to FOS, via CMC, and it cost £650 for the privilege of FOS upholding 90+% of claims.
FOS and unclear guidelines are the cause which are now lenders problem.