Member Info for ryanf

Agazzis, not sure you're aware but asos aren't exactly awashed with cash right now so they can't exactly go out and buy a load of stores in every big town/city...

The only way they could do that is through debt and the debt is too high anyway right now, plus we couldn't even be sure it would work and then they really would be done if it didn't pay off.

They're much better off shoring up the balance sheet and improve profitability so they can prosper in the future when the macro picture is more favourable.

Asos never really fulfilled topshop's full potential online. It's a brand that belongs on the high street, I don't know why but it just works on the high street and not so much online. I think the retail giants know this and this is why I don't think they'll lose much on the sale compared to what they paid a few years ago.

For me, I shop on asos because it provides a wide range of brands and styles that suit my clothing taste, plus I like the technology and overall shopping experience. When I see topman clothing on asos, I dont think any more or less highly about the brand over any other, so I think offloading the brand and getting a large cash injection is a great move.

Can't say how the market will react on Monday, but I'd be thinking of buying more if this news doesn't move the SP much on Monday, or better, the SP drops.

MA buying more? :)

I do wonder how much they could list nutrition for in the US. I don't want us being diluted for cheap, especially considering how undervalued we are right now. I'd prefer listing when macro is better and SP is naturally higher through better trading conditions. Maybe that's what the BOD are waiting for??

Some of you have such short time horizons. Okay a break-up would be immediate realisation of value, but I honestly think myprotein will be a world leader as a sports nutrition and gym brand. The potential is huge. Could 20x in 10 years imo.

£140m ish adjusted EBITA from a £350m market cap is bargain basement territory. Similar chart to 888 when it dropped on earnings, then proceded to sell off before a heavy buy and turnaround, so I bought heavily on Friday. To get in the 50s was a great buying opportunity imo. Let's see where we go next week.

i think they're more akin to *****cats midway... chuck moretti in there too.

Ripley, 2,000,000 volume from 1,500 trades means about 1,300 shares per trade which is about £1,000 average cost of each trade, very believable imo.

Spike into the close before the trading update is extremely encouraging.

I don't care for 2%-3%, I do about 10% though. I would say GL but I know you're a prat tiger.

Told you all to wait and now we're in the 60s. Just have some dam patience until the end of the day at least. Results are poor, let the market flush the sellers and stabilise the price.

Definitely worth waiting towards the end of the day to buy at least. Maybe not until Tuesday or Wednesday. See where the support is, it should hover around there for a time. Stopping a 25% drop is like trying to stop a freight train, it takes a while.

Manc, I actually think City AM was a decent acquisition. Cost £1.5m so really it's insignificant to thg's balance sheet isn't it...?

Whilst MM is far from a perfect CEO, he has a vision and I think a lot of THG's struggles has been due to the cost of living, not necessarily due to his poor management of the company. Aside from the massive retailers, the small retailers have struggling SPs too (e.g. asos, boohoo, farfetch list goes on). Yet those companies don't have such a strong call for the CEO's head only because they aren't as well known as Matt. Granted I don't necessarily like the rants on LinkedIn but I think he has a real understanding of the company and where he sees it in the future. If we got rid of MM I could see the company head into the abyss tbh, probably resulting in Ingenuity being disbanded, beauty being sold off for 30p per share and nutrition sold for 80p-100p per share. I think most on here wouldn't want that.

A good outcome for me would be for MM to relinquish CEO responsibility once Ingenuity gets traction with the higher value clients, which would in turn mean Vivek has done a really good job then Vivek takes over MM as CEO of the group.

I'm sure Al4x and Simon have logged off for the day after seeing the price spike in a matter of minutes back to green. Yea looking like we're in REAL trouble here... :)

On the call at the very end, Matt did say he looks forward to giving us an exciting update in October. And with the lack of future guidance I really do think something is being cooked up.

Thanks HH :)

Also, am I right in seeing bank borrowings over the last 12 months of £156m? Wonder what the interest rate is on that...

Anybody know what the "Other[1]" items are on the cashflow summary?

Funny, I'm mid watching the call again. Sounds positive, especially given the price again today. But what really gets my goat is they've made it look like the cost of sales has increased in H1 2023 VS H1 2022 but its because they're applying the percentage change to two negative values. Honestly rookie stuff, all it takes is a review of the numbers to make sure they make sense. "Did cost of sales really increase from less revenue compared to last year?

Oh no, better change that"

Honestly so simple.

I think Oliver Cookson is reading this board:

"For clarity, I am making these comments as a silent shareholder with my interests holding a stake of over 1.3% in $THG. I am fully aligned with shareholders' best interests and solely focused on enhancing shareholder value."