Member Info for ryanf

Hardwell, stop spreading fud, a company cannot just delist itself without buying out its shareholders, unless it goes bankrupt.

Interesting how the market knew early Friday morning... looking forward to an exciting few weeks/months!

Horis, Mike Ashley has purchased almost 30% of Asos shares and the price hasn't moved at all.

We need to see better financial performance and then the price will move up.

Checked investor relations page and London stock exchange site for the 2nd RNS but couldn't find anything. Share buyback announcement is good enough for today!

"Why, oh why are so many corporate videos so truly dire?

Last week's column for The Times. With honourable mention to Matthew Moulding who at least – in his latest slick video – manages to compare himself to Robbie Williams, David Beckham and drug cheat Lance Armstrong. That's chutzpah."

Moulding replied:

"Matthew Moulding

Founder & CEO at THG | Building a global giant from the UK

29m

Funny. If you’d watched the video with any diligence you’d have noticed 2 big errors in your story: 1. Lance Armstrong isn’t in the video whatsoever 😂 2. The video relates to THG and our people 🙈

But hey, who at The Times let’s the facts get in the way of fabricating a story to run down Britain’s entrepreneurs and their companies 🙄

Thankfully Britain has City AM to champion businesses 💪🏻"

There are always profit takers with a 10%+ rise. To me, sentiment has massively improved and would expect a slow rise over the next few weeks.

Better grab my coffee!

THG PLC

Fourth quarter trading statement for the period ended 31 December 2023

Q4 and full year trading in line with expectations and guidance

Group returned to continuing revenue growth in Q4, at +1.1%

Free cash flow breakeven achieved for FY 2023

Strong balance sheet and liquidity, with c.£600m of cash and available facilities

New and expanded Ingenuity partnerships contributing c.£175m incremental GMV

What I don't understand is why MM has under delivered and lied about so many propositions to help the SP recover. Namely:

List Beauty and Nutrition separately (yes Beauty was mentioned in 2021 in their strategic update).

Talks of smashing numbers yet has under delivered on every single trading update I've seen.

Hires a chairman to sort put governance issues yet nothing has changed, I don't even know if the good lord is still alive.

Took him about 2 years to give up the golden share, and that was only because it expired through the terms of the prospectus!

I know there are more that I'm forgetting, but that just makes it worse. I'm trying really hard to think why things have happened as they have, and I hate to agree with the bears but I think he doesn't give a sh*t about shareholders and really just considers them, and everything about public markets a nuisance. And I think he's in a hole which he can't get out of, Ingenuity is so fundamentally tied to Beauty and nutrition that he cannot cut capex to this division. The hopes and dreams of the company resting on Ingenuity's shoulders, yet its performed terribly over the past few years.

I'll continue to hold as I still see value, but do wish we had a CEO who cared about shareholders and unlocking value. I don't know how many more chances he should get before he is replaced. But I also don't know if its even possible to get rid of him even if the majority of retail want him to given his personal holding and the holdings of his rich mates.

Reŵ

As much as I would like a buyout of 11x sales, comparing recent performance of Celcius and THG couldn't be further from each other. Here are Celcius's most recent results:

Revenue 384.76M +104.4%

Net income 83.95M +146.15%

Diluted EPS 0.3 +136.59%

Net profit margin 21.82% +122.58%

Operating income 97.7M +166.19%

Here are THG's:

Revenue 484.63M -9.35%

Net income -66.54M -25.14%

Diluted EPS -0.05 -25%

Net profit margin -13.73% -37.99%

Chalk and cheese tbh, but that's why I'm a buyer of THG and not Celcius. I want the turnaround story and for MM to finally prove he can get this company to rake in the cash. Sunshine and roses is priced into the Celcius SP, the opposite for THG. Any sign of increasing profitability and growth and we will skyrocket from here, but MM has got to prove it.

CPI, the 2022 report annual report on page 2 quite clearly states rev of £2.2bn for THG. When the SP was half what it is today the market cap was around £500m.

0.5/2.2 = 0.23 times sales.

"Next publishes its Q4 trading statement on January 4, the following week there are trading statements from the likes of Sainsbury's, Tesco, JD Sports Fashion, and ASOS, to name just a few."

Breakout!

Crikey strong move! 💪

Not retail but the technicals on 888 look very good. News came out that they rejected 156p take over 6 months ago.

Really liking the price action, even off the back of Future's poor results!

This spike makes it feel like the bottom is in. Fingers crossed, glad I added a bit at 46p. Average is now 55p, phew.

Maybe it has moved the needle... Nice...

Would love for this news to move the needle but unfortunately only tends to if the takeover is in play...

Yea that's right Newby, and sale of topshop would basically wipe out net debt.

Agazzis, and how do you go about renovating and fitting all of these new stores you'd plan to rent with little cash? Let alone thinking about staff wages.

What if the store isn't as big of a success that you think and margins have to be cut? They don't have the experience or wiggle room in the balance sheet to navigate that.

Asos raised £80m at a SP of 418p, so clearly cash is tight. Meanwhile you're suggesting they open a load of new stores... glad you're not on the board, you'd lose my cash. Clueless.