Member Info for Ste2000

wigan, word to the wise, lay of the attempt at humour. you really aint funny mate, but you are a bore

shut up maestro - you troll bore

It’s a d2c model for manufacturers who want to control the brand experience but don’t have resources to set up to team to manage

It’s strange asking action and a lot of sells. Either shorts or bad news coming
Volume is high in first hour

Exactly SP (god you talk a lot of sense compared to many others)
Thg and auto store have a JV and thr product is FIRST- this is why I believe SoftBank invested (they own 33% of autrostore and have the 20% ingenuity option)
They then can own d2c - basically a way way better of Ocado …and look at the market share of that company

maestro if you need a high growth company that is investing circa 1bn in future growth to make profit, may be better if you stick with value traditional shares. maybe a FTSE100 tracker for you?
seperation isnt a margin play, its a profit centre/ investment play i.e. ingenuity and softbanks/ beauty and a minority listing or PE investment etc

think you are mixing up 2021 and 2022 sweetie -you started by talking about FY 2021, which all have as between 7.4% and 7.7%
still asleep deary

Theorist - you really do live up to your name and some
when they declared between 7.4-7.7%, the year was closed, so it will be inbetween that.
inflationary costs/ war ect since then may affect Q1 and 2022, but not FY 21.
come on chum, wake up sunshine

The cash is the interesting point. Vs h1 they ate in a better position (when you factor in cult beauty cost if 275m) and in q3 and q4 cash strayed above 500m - ie at a min they are now breaking even

Yeah for sure - totally agree
Everyone just wants clarity and this is what thg have failed at giving
Their business is very very good, there are macro headwinds, but if they are succinctly explain their plans, the SP will clearly go up. The current price is a bit silly compared to cash on hand/ growth/ future growth etc etc

To be fair 27th makes sense to me.
It gives the new chair time to his comments, gives time for the separation to be well Explained and the move ti the main market
And gives time to resolve SoftBank option

Wish I could lamp you - you degenerate

you getting nervious Bantham...you nobber

Your a total idiot down and out

It’s not a downgrade - the reco is still overweight
It’s a price cut only

Honestly SP - the market, in its intent to make an example of moulding for some unknown nasty reason, has lost absolute reason with this share - as you say they have had over £530 cash (solid cash- not available funds but cash) all of s2
And ingenuity which they value at zero has FY 2022 revenue guidnace of 112m at close to 70% ebitda margin
Not to mention all the other elements
Yes there is high inflation (which btw affects anyone who sells a product) and growth companies are out of fashion but come on!!
If it doesn’t rerate it clearly goes private for multiples

It is so obvious to all THG SP is utterly detached from logic
Even if beauty was valued at only 1x sales and nutrition at 1.5x (as it is fully integrated owned brand) and if ingenuity was a measly 10x commerce earnings, each division is north of 1 billion, but the market values the full company (inc THG ondemand and others) at just over 1 billion

COME ON- of course a re rate is coming or it will simply go private
Their not a charity and the market is taking the ****

In S1 results thg took a £38m non cash hit due to the SoftBank option being deemed to be worth more than the call option (this was done by independent valuers on bahalf of SoftBank)- so this plus their continued 33% holding in auto store suggests to me they will take their option to roll out FIRST and go head to head with ocado in that automated supply chain space

Worse case scenario is Moulding did a cracking job with the equity raise when SoftBank subscribed to those shares in the group itself as this has helped ensure our cash on hand is 500m+ for the last 6 months

Not really. The Market has given ingenuity zero value and prices in SoftBank not taking the option.
So if they don’t there is no material change in assumptions
If they do, there is upside
The fact that SoftBank still hold thg (and auto store) positions suggests they have faith in these positions - plus with thg SP dripping so much, there is little liquidity to be gained selling it

todays low volume, high spread and multi decimal bid ask is different and unusual
anyone got any ideas on this?