Member Info for Rock8

THG had one this time last year.
https://www.lse.co.uk/rns/THG/q4-trading-statement-46w9er7bln76on7.html
So it was a sign we missed when it wasn’t scheduled this year.

They knew it was an appalling report hence no investor/analyst conference call.
They knew they couldn’t possibly defend the numbers.
We should have realised when the usual conference call was not booked.
Utter disgrace

MM is a mug if he warned Qatar but didn’t warn the market?
He would need to be incredibly stupid to do that.
I don’t think he is that stupid.

If the BODs deliberately tanked Q4 numbers they would go to prison.
It’s that simple

Okehurst1
Please stop clutching at straws.
There is no conspiracy.
PIs always blame everything on conspiracies.
Please don’t.

You are right the Qatar boys must be absolutely furious.
I can’t believe they had advance notice of todays report although I do wonder if the company didn’t issue a profit warning to the market because it was so close to the Qatar share purchase?
Either way MM has behaved disgracefully.

I think you are clutching at straws.
The major shareholders won’t fall for any low ball MBO.
Although after todays report nobody is going to offer financing for a MBO anyway.
The management have proved to be absolutely clueless and inept.
I stupidly bought into the recovery play after the October update - Incredibly foolish.
It never occurred to me that they were either lying in Oct or were just completely inept.
Maybe even both.

I can’t argue with anything you posted.
The most irritating thing is that it’s now clear the ‘market’ and the ‘media’ were right all along!

Just a late recorded ordinary trade.
Collated sells from earlier today likely from a broker pool and now recorded on the LSE.
Let’s hope it’s more new short positions rather than a huge investor bailing out.

Okehurst
Having set the targets in October why do you think they didn’t issue a ‘profit warning’?
It wasn’t a slight miss, it was huge and must have been obvious to the company well before Christmas?
Given the management’s track record today’s events just reinforces the market’s lack of confidence.

Its not manipulation the results were dire!
They should have issued a profit warning before Christmas.
Yet again the rampers here should be shot.
Ridiculous optimism and false favourable gossip.

Spoke too soon.
Here we go

It's only down 11.7%
That's a surprise that I can't explain and why I have not sold out.

Please give it a rest.
They missed all their targets!

THG Falls After Strategic Review, 2022 Profit Guidance Cut (1)
2023-01-17 08:15:08.2 GMT

By Lisa Pham
(Bloomberg) -- THG Plc is reviewing the future of its loss-
making businesses outside of the beauty, nutrition and Ingenuity
platforms with profit at the struggling British online shopping
emporium expected to be lower than forecast.
The e-commerce group, which operates hundreds of websites,
said the strategic review would lead to a “simplification” of
its business. Adjusted earnings are now expected to be in the
range of £70 million ($85 million) to £80 million, Manchester-
based THG said in a statement Tuesday. It previously forecast
earnings of as much as £130 million.
THG stock fell more than 8% in early trading in London.
The company blamed the downgrade on lower-than-expected
sales after discontinuing some loss-making activities at its
OnDemand unit, which allows brands to help customers personalize
items with their names. Lengthier “onboarding” of new contracts
at Ingenuity, a higher margin unit which helps rival retailers
sell online, and courier disruption in the UK which hit demand
for online beauty sales over Christmas also hurt THG’s sales.
A unit that includes luxury direct-to-consumer websites,
such as Coggles, AllSole and MyBag, and offers prestige events
is currently under review.

What Bloomberg Intelligence Says:

THG’s 25% adjusted Ebitda miss in 2022 — as a result of
focusing on the small Ingenuity unit for too long, while
neglecting loss-making categories — sees management finally
taking the right steps via a strategic review and discontinued
activities to enable a focus on core Beauty, Nutrition and the
Ingenuity units. The 5% underperformance on 2022 revenue, for
which consensus was already below guidance, looks disappointing
to us. — Tatiana Lisitsina, BI retail analyst
THG’s 25% Ebitda, 5% Revenue Miss Is Needed Wake-Up Call:
React
Formerly known as The Hut Group, the company co-founded by
CEO Matthew Moulding has had a bumpy ride since going public due
to governance concerns, the surge in whey prices and speculation
over the future profitability of its Ingenuity arm. In October,
the company agreed on a £156 million banking facility with
lenders to provide more liquidity. SoftBank Group Corp, which
previously was an anchor investor in THG, sold its stake in the
group last year.
Read more: THG Shares Jump as Online Retailer Signs Banking
Facility (2)
THG shares have lost more than 80% of their value since the
company went public in September 2020, with some investors
betting on further declines. Shares out on loan, an indication
of short interest, represented about 9.4% of the company’s free
float as of Jan. 13, according to data from S&P Global Market
Intelligence.

Fund % short change Date changed
Citadel Advisors LLC 0.60% 0.03% 12 Jan 2023
Marshall Wace LLP 1.01% 0.11% 4 Jan 2023
Qube Research & Technologies Limited 0.68% -0.09% 13 Dec 2022
Tellworth Investments LLP 0.62% 0.11% 21 Dec 2022
Total 2.91%

Martin Luther King Jr. Day

“Also if 170p was thrown out of hand - then where do Exec value THG and why?”
Yes that made absolutely no sense last July and considerably less today.
Sadly no one could really oppose the BODs recommendation as MM has the Golden share.
None of the major shareholders was in a position to oppose the BOD recommendation.
The consequences were dire.
170p down to 43p and still falling.

Whether trades are marked as a buy or sell is ALWAYS a pointless guess by the exchange of record that just misleads PIs.
It’s hardly ever correct and is ignored by most.

(Bloomberg) -- ITV Plc’s broadcast of England’s World Cup quarter-final against France on Saturday is a golden opportunity for Britain’s largest free-to-air TV network, and could mark one of the largest sporting events in recent years.

It’s the last big match in the tournament to which London-based ITV has exclusive rights to. The company shares UK rights to FIFA Qatar 2022 with the British Broadcasting Corp., but the BBC has the first pick of the semi-finals and its advertising-free offering has historically attracted larger audiences for international football finals, which both channels share.

Bloomberg Intelligence analyst Matt Bloxham estimated ITV’s audience Saturday’s could exceed 25 million, following England’s knockout match against Senegal on Sunday, which drew 20.4 million viewers for the company.

In comparison, the 2020 UEFA final between England and Italy, shown on both BBC and ITV, brought in about 30 million viewers, while the 1969 World Cup final — the last and only time England won the tournament — reached about 32 million viewers, making it the biggest UK TV audience of all time according to the British Film Institute.

An ad slot during Saturday’s match could cost as much as £400,000 ($489,880) according to The Drum, an advertising trade publication.

A spokesman for ITV didn’t immediately respond to requests for comment. Last month the business said the tournament will boost total advertising revenue in November and December but as inflation remains near forty-year highs and squeezes consumer spending the broadcaster cautioned “there remains a high degree of economic uncertainty.”

The match comes two days after the full Thursday launch of ITV’s revamped streaming platform, based on newer technology, ITVX. The March announcement of the investment required for ITVX hit ITV’s share price, which has fallen by about a third in the year to date.

©2022 Bloomberg L.P.