Member Info for Ste2000

it was 21st April in 2022 so likely to be 20th April this month

end of day yesterday and start day today, for some reason, UK ecom is being sold off. THG will naturally be the most sold off as it has the weakest II profile and is the only company stupid enough to have a standard listing.
that said, there is clearly buying support as we are seeing huge after hours trades.
but yes likely today will send low (62-64p) and with a short week, this is likely to continue into next week.

its the same old issue - there is limited trust in the company, and no trust in Moulding, to deliver. if this changes at the next update, the SP will naturally rise hard even if its only a relief rally

put simply; matt mould is not professional. and as a CEO on a LSE publicly traded exchange this is the minimum expectation.

70p not breached yet - no prints above it.

https://www.thg.com/news/myprotein-relaunches-industry-leading-pt-scheme

yes, unfortunately the Mould is the main cause and reason for the share price and share holder destruction. he has costs people multiple millions in his mismanagement to the City.
IMO he then takes this back private via MBO (probs with Mcdonald and a backer). lets hope it is an offer than at least begins with a 2 (pound)

I assume what skysthelimit expressed is wat blackrock/ t rowe/ softbank etc etc also all felt.
lots of smoke and mirrors and missed promises. the company has big potential but the way it was run by moulding, gallmore and whitehead is appalling. gallemore it out now. whitehead wont be around much longer IMO and you already hear him less at anlayst calls. then they just need to replace mould as ceo

agree HH, oil price is struggling to break 80 USD, which is low anyway (esp vs year ago when it hit north of 100+)
plus the yanks wont take this lying down, and expect a response. of course, MM and shorts will use as an excuse to bring down certain shares today and THG will no doubt be none, but oil and esp transport remains a massive tailwind and whey even more so.

i hope to see The Mould update on the new US automation this week (which should have been launched) - this is also a massive tailwind to cost to serve/ deliver in US

overall its a good post (like they all are), but why include this rant/ dig/ emoiton
he way we’ve been treated since joining the LSE has done nothing

call it what you will, its unnecessary.

was hoping he would have updated on the new jersey automation instead

agree with canary. the share by back was foolish. mould gives shares away for fun, why buy them.
the other 3 points were very sensible. mould has lax 6 months left, maybe less if AGM does not go his way

He is not the CFO of THG (Sanders is), he is not even deputy CFO (matt rothwell is)
so he is a saved salary. do any of you ever do any research? yespsb, your comment is utterly pointless, well done for adding 2 pus 2 and getting 7575

does anyone know why 64p is proving so hard to beat? i dnt have it as a resistance point on any chart

sorry should read softbank deal

No kando, look at when they announced deal, no one knew. JVs are normally very confidential

not with you there Oke, check out 2022 H1 results and presentation. they have a slide there showing maintaince capex over the last 5 years. on average it is 3-3.5% of sales

as the name suggests this will always be needed

yes defo seems this way -be great to take 64p

Oke THG have spend 80m on intangible capex for ingenuity in 2022, and 2021, without the 1000 software developers you mention. unfortunately i feel this is maintenance capex needed for THG/ ingenuity and sits within the published circa 3.5% of total sales maintenance capex THG needs i.e. they will always need to spend at least 75-80m here.

then they have expansion capex on top which in 2023 is guided at 1.5%

whilst they think they are capex light (which to be fair they are), this plus the high finance costs vs the very low ebitda margins means FCF neutral is a challenge for 2023

so someone was so scared of my post showing Nutrition is growing organically, they asked admin to remove with slanderous comments. interesting

UK ecom retail is so weak. it cant ever seen to get a break. bricks and mortar uk retail is blue/ US ecom retail is blue. luckily THG is blue but is being dragged by the sector.

good lad onsolid, thanks for sharing. I reckon they have sold through. cant wait to get them myselves.
this deal should easily do over what weight watchers did at 120m p/a