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Back at it again... I've no idea what that even means.
Note. He's cleaned up his profile? Got rid of everything bar that minecraft man and "Carlyle prepares to raise its biggest ever european buyout" from 2022..... No clue.
He was right on the date of publish. So he has some knowledge.
I think you're right there Phil... Direct, straight to the consumer. Slight hit on margin, so does this now mean the saving on advertising is being spent elsewhere or is that being used to compensate the drop in margin? I appreciate we're now into the 'unknown' but it's all food for thought.
I appreciate all views as it helps build a better picture or assist others. Right or wrong.
Novice - It would be crazy to increase short at this level but then again 2-3% gain on £500K is a nice months wage for a city trader.
But who would be the one reducing at this level? The only one I think it could be is Kelso - But I can't remember their avg cost price.
"App participation grew to 24% of online revenue (Q1 2023: 15%), with particularly strong participation in the UK at 35%. Increased app revenue participation supports deeper relationships with our customers, providing valuable first party data and lessening the reliance on paid marketing channels."
So that answers the question of how revenue increased due to repeat customers but it doesn't answer the real question. Why are we losing customers? Is it pricing? Is it quality? What has changed from Q1'23 to today as the world is in a better place than it was last year. If we had retained the order value and customers we'd be looking at a much better Q1 update probably showing YoY growth.
I will appreciate anyone's views on this as I genuinely am a LTH and have incredibly high hopes for THG (I'm sat on a 6 figure holding for 2 years+) But what the F is going on with THG. Why is it underperforming, as if this was in my hands I'd class this as a failure.
I understand we aren't looking at the full P&L here solely at revenue, so I do appreciate the FCF positives that have come recently. But more needs to be done, you can only play the victim card so long before you have to look at yourself. MM has done incredibly things for THG (He's built an empire, creating generational wealth). Questions need to be asked.
Does he have the right team around him? I don't believe so. But then again I'm not worth £6-700M
I'm a LTH and I'm not happy with the update. The only division I have something positive to say something about is beauty...
Marketing/Sales as a whole for THG has been sub par. I'd cull the division - I'm a realist. Them results are not all positive, clearly published in a way to try hide key metrics. 1. Average order value down but much more improved macro economics from '23...
2. Why are we losing customers??? Why is no-one picking this up.
Why are we losing customers? Average order value is also decreasing (Macro economics have improved since Q1 ’23?)
Poor performance from Ingenuity, Internal revenue down due to Ingenuity charging Nutrition for the bulk of it’s services I’m assuming.
Good performance by beauty, that new head has walked into a nice role. Will it be the driving force of our recovery?
Side notes from THG but I seen the post so thought I'd add my 2p appreciated or not...
I have invested heavily recently into an Indian ETF - India is about to explode, China is struggling to keep up with the worlds supply and India are showing their ability to produce cheap quality labour. India is next...
I'm unsure if you've seen but the UK is looking set to take some of the next generation AI companies. That's 2 of the worlds largest companies choosing to position their AI HQ's here... We have to find our footing in the world now - Sure banking but we need more to grow the economy.
As always I appreciate the research crafty but it's not going to move this dog of a share.
I'm actually getting annoyed now at this dog. Frustration built over years of poor performance from the senior management, I have a very low average in the 70-75 range but I'm still massively in the red - no one is touching this share at all. I have no intentions of selling nor do I even if we hit 200 range it'd just be nice to see it blue for once....
"The return to Group revenue growth in Q4 was especially pleasing, and this momentum has continued into 2024."
"The Group intends to issue a Q1 2024 trading update by the end of April."
Agreed with the below - I might not comment too often but I am always reading updates with this being my largest holding.
Thanks Crafty/All that provide insightly data with others, this dog will see it's day..... Eventually. I hope.
£350K?! Damn, I have £50K locked in here... But I bought it for 82.68 - I knew the risk I was taking buying these shares, so I am more than comfortable losing that.
The way I seen it - £50K in here, it gets sanctioned funds are locked for 5 years then it automatically 5-10 bags once sanctions have been lifted.... Let's not forget countries will need rebuilt. Ukraine and now Palestine. Steel has to come from somewhere. GLA we need it given this chitshow of a government. Bunch of buffoons running the country
Will anyone be attending? If I recall from last year's there was no questions and pretty much cut it short abruptly.
Hopefully this years the board will get a lot more pressure.
We should all attend then take a guess at who Ste is in the crowd. Look for the happiest person in the audience as he should be up massively now with all his shorts?..... lol
P.S can someone please share the link to register to watch online when it's circulated please, cheers.
People are forgetting it's Bonus season.... They're vested performance based shares so I'm not too bothered as they'll be weighted against FTSE performance. But 30M of shares is a bit steep....
Ste, why don't you just admit MrProtein delivered a 2.5KG bag instead of the 5KG bag you ordered, I bet they didn't give you a refund? That £20 difference is really hurting your pocket I see.
That or you definitely fancy MM, I bet you stalk him. Some weird fantasy... It's okay, he's a married man. Start the go-fund me and I'll throw a couple £ your way to help you afford rent this month.
Exactly that Steve. I'm a LTH and thankfully only down 17% but they've over promised and delivered on nothing.
Yet the one (Kelso) challenging the company what did he do? Buy a seat on their board. It's honestly childs play...
MM grew this to what it is, he knows what he's doing. But is he getting TOO caught up in politics and losing sight of what really matters? He hasn't delivered anything promised. We have a chairman that has done F ALL for us at all!!!! Thank F this is in my SIPP.
Stop promising stuff that you won't deliver. Ridiculous now. I'll still be holding this mess in 5 years time, will it see it's true value by then? Who knows... I don't even think MM knows. (Or maybe he has a master plan and fooled everyone)