Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I’m looking forward to seeing where they spend the next 3mill just raised. as the first £3mill into THG is currently up close to 50%. I’m guessing boohoo, with the recent board appointment of John!
Deferred taxation movement reflected historic tax losses utilised by EPL levy.
IMHO - clever market manipulation forced the bid RNS, MM has golden share so no intention of accepting, it’s purely a pump and dump same as before by the powers that be. The amount of info on their presentation suggests to me that they are listed for here for the long haul with an ingenuity spin out in due course.
If you look at websites coming onboard, plenty of salmon too.
That % would just be fulfilment - the full suite of services I.e like Maximo is about 60% margin from what MM has reported in the past.
Had my cheque too.
I have had prompt replies from management at Octagonal.
Imagine they are holding back cash in lieu of share buybacks, day to day working capital and future growth plans following US operations withdrawal last year
I think it’s because of Canada rate of CPI dropping - they paused interest rate hikes - markets gauge of other economies and policies in light of banking issue perhaps as we pivot towards a reduced peak, stagnant or possible cutting interest rate environment in the quarters ahead
Softbank investment fund with European tech holdings got liquidated I recall as they amassed huge losses across the board in 21/22 - ultimately were distressed sellers across their portfolio of stocks to recover cash at Mayo’s instruction got forced by him
All these new partnerships announced recently, and now reconfiguring of autostore partnership - we will definately look back on these as a turning point I am sure for ingenuity growth and self sustainability in time. New model suggests high volume driven growth incoming to me.
Just bagged myself some Hotel Chocolat layer bars on app only deal, with free delivery, for absolute bargain price of £5.87. Thought how on earth are we making money here! BUT also bought two t-shirts at full price whilst browsing that wouldn’t have normally purchased - oops lol. Epic loss leader deals. Truth be told, they do some great app only deals that keep suckering me in and leading to upsells. I don’t go anywhere else now. I thought I was a tough cookie to get money out of. Between this and all there influencers I follow on instagram, realising I am fast becoming a my protein marketers dream. Probably not the only one on here right ?
He said on call, it’s essentially a way of rewarding loyal customers with high value gifts for a low price for 24 days in run of to Xmas - basically a sample box in my mind of array of new and existing products hoping to re-enforce market share and them as go to.
Wonder if synergis capital products will be moving forward now interest rates are picking up?
Sell protein bars etc in all the major stores now - Asda, Tesco, Morrisons, etc … saw it on insta post I think. Loads of great THG info on that platform :)
Excited to see this product range in our local B&M/Iceland. Price point will be interesting.
Yep, they use ingenuity. Check out THG LinkedIn and there is a post by a senior member of nestle visiting site and giving an independent rave review about service performance received thus far
Big cash drain is investment for future - think Matt alluded to investing now in operations for 3-4 years time BAU - part and parcel of being invested in a growth company. Sadly not valued by markets at the moment due to value rotation. Next cycle we will be back in play!
Hotel/Healthclub are used to promote THG products. Equivalent to a shop window.
Whey prices have now dropped for 4th consecutive month, to price levels last seen in Dec21. Those tailwinds are starting to pick up a gale!
I reckon neal yard all still on ingenuity as all build with the same interface clicking between the international sites it all the same and all link back to one another
I think a bid will be rejected and we will go for a split of divisions as the value of business in sum of parts is vastly greater than market cap. SoftBank Ingenuity stake and Beauty via Dominic Murphy’s private equity contacts, with Nutrition retained 100% as its MM baby. Cannot see any other reason for Dominic leaving abruptly other than the backlash Iain McDonald gone for lack of perceived bid independence.