Member Info for ProxLDM

I'll be opting to take positions in both companies I also purchased more through the offering.

My ONLY reason for taking it in both companies.

I am under 35 with the large majority of my holding in an SIPP - tax effective plus with a minimum of 20 years ahead to see it all play out.

If however I was 50-60 my play would be the opposite.

(Also worth noting MM is what 52 he will want his pension (Ingenuity) MINIMUM at 60) ?

GLA hopefully MM stops foo'kn us raw :)

There's me thinking my buy at 54.2 was a steal.... This is the worst share I have ever owned thanks MM :)

It is my largest single share holding I still believe this can be re-rated to multibag.... But it's a depressing share.

Thank you as always Crafty for sending through informative data/updates.

I bought more at 54.2 - HL SIPP (I've not received any letters just yet)

ATH I'll be building a Yacht named THG. GLA

THG has agreed to sell its portfolio of luxury goods websites, including www.coggles.com, to the Frasers Group. Ingenuity will continue to support the brand portfolio across technology, digital marketing and fulfilment services post disposal.

Why isn't this a bigger talking point? £48M of revenue.... How much did we sell it for? What multiple - This could be the business unlocking more cash for M&A

We are getting ready to purchase something or it was thrown in as a sweetener for the deal (If so what kind of revenue are we going to see from this partnership if this was also included)

3% is a 'pump and dump' hahahaha your stupidity never fails to amaze me. chat ****e 24/7

I too am now longer underwater after today.... If we hold!

The feeling of seeing that blue % (It may be small but it's still BLUE!!)

Must be sick today... He should be clocked in already.

He's under a PIP - SP has risen too much

I don't know if I've seen it mentioned on here before but MyProtein was approached by both PepsiCo and Nestle to buyout MyProtein before THG came in to buy-out the company...

Why have they never re-approached?

All city does is talk about THG - So it's going to be about them..

He/She has been wrong in the past but the last call around financials was correct. So I do actually believe there is some inside knowledge.

CitySpy implying an unsolicited bid for myprotein? I can't see it happening personally but you could see THG possibly shifting more focus into beauty and Ingenuity. Time will tell.

The pettiness on this board makes me laugh sometimes.... You never know who the real person is behind a username.

30K shares? Most likely just got her yearly bonus through and wacked some of it in THG.

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

Has anyone also mentioned the 1M shares offloaded this morning in 2 tranches....?

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.