Member Info for Ste2000

THG is in a closed period )FY results are being audited)

but SP is so weak - my guess is many days of drifting, with a few days of sharp drops over Feb

THG will be forced to sell Oke, no ecom player should own 3 hotels and a spa. also int he latest update it shows as under review so think the writing is on the wall for this one.

they paid a wedge before, but then gave away the freehold to the Mould. but you would still gat a decentish return as they are profit making, and removing the staff from the group would also reflect well

ps Kelso is a spac that can take a reverse engineered spin off such as Nutrition to allow a JV or Ingenuity into Nasdaq

Oke, what price do you think THG can sell the leaseholds and assets of the hotels x3 and spa? that will also help pay down debt and reduce exposure here, and it a total no brainer than activists will push for it?

if ingenuity doesnt work, and is scrapped, there will be huge intangible asset write downs and non cash impairments!!

Oke, is broadly right. you can see what they spend on ingenuity in the MY and FY reports. It becomes an intangible asset. Its not quite 100m, but it is a good 80-90m a year.

worryingly I think it is literally just the cost of coding, which should really be a staff cost, but as usual THG use interesting book keeping to move costs around (a bit like diluting share holders with give away shares instead of paying staff a salary to literally turn up to work and miss targets)

On another note, do not believe sofina are supporter of Mould anymore. not being given the opportunity to buy at 38p when softbank bailed out. hence RNS showing dilution and also fairly high, fairly regular 100k O sells that have been happening in last few weeks (since the appalling update)

MM/ Shorts have been desperately looking for an opp to bash THG (mainly due to Mould's outburst on share dilution) - today could be the day they find it. likely to want to get back to below 60p, and then retest lows

surprised no whale news came - fear the worst and that boots has fallen through

no not cityspy. anyway lets await the news from the board meeting. in the meantime this will track nasdaq

SIH, thought I was you mate ;)

everyone's here just to make money, hey Oke :)

is it licker - good then it proves what i was saying. not trying to be clever, but wont bother sharing if you dont want to hear. no skin off my nose. i simply cannot stand baseless ramping, and will share what I hear (pos and neg)

i think yes (for transparency I have no access to what is discussed in them obviously) but know 100% there was one this morning, and as the SP was rising pre non farm, I think/ hope some positive news will come out from it.
I also know it was an important one

stockbroker - dont know how I can tell you I know something, other than I do and there was one, and I expect news to come out of it within the short term

btw, THG had a board meeting today so expect some news next week.....

147 trading clues are back - buckle in, turbulence incoming

you actually cant make it up on THG now - it actually was in a very very bullish 1 hour trend. likely to have gone blue, and then one of the biggest overshots vs concensus in non farm in history appeared
shows the importance of having both short and long covered - the only question is ratio

this will hurt THG - shorts dont need a reason on this share, but they have over 500,000 now

you ve not seen the non farm have you yet....

matthew moulding is on the proverbial Green Mile - hes a person non grata.
Gallemore, his right hand, demoted.
all his NED gone, expect Mcdonald (who is also a dead man walking)
professionals like Sanders and Vivek coming in to clean up the mess
activists smelling blood/ will band shareholders against the free spending vanity projects like ingenuity commerce/ hotels/ spas

once announced, will be a whoosh of a rise. until then shorts will short

Oke is right, FCF positive and net debt reduction (whilst getting ebitda to at least 9% asap) is vital.
the problem here is THG model used adjusted ebitda and when you strip out adjusted cists which have been HUGE over the last 3 years, it is making next to no ebitda. this needs to change

Oke, you know the game - all shorts cover with long positions. any decent investor needs to limit exposure. esp with a company with such volatility and such an unpredictable CEO