Member Info for Ste2000

why have you made 25 acquisitions, if and I quote you "most acquisitions do not add value"?
and also I would suggest the key word is "value". value can be defined as many things ie internal synergies, buying a supplier to get vertical integration to reduce production cost, sales and margin accretive etc etc
one would need to define the value for each acquisition to determine its value.

but I am sure as a cfo, you would agree that 'value' needs to be defined - have a nice day

pretty sure you avoided my question there

Franalz do you think THG acquisitions of Lookfantastic and Myprotein were not value adding. lets look from say 2016?

good find 1pencil - it confirms that JUP are facing a run on their outflows and are now liquidating anything they can
wouldnt be surprised to see JUP fold

only worrying if he had the patience of you oxygen - I am sure he is ok to wait more than 2 months.
you really are a bore

The market is reacting like nothing is ever going to be bought in retail ever again.
right so if we assume the world and uk is heading to a recession, that means input costs fall (simple supply and demand, and with demand falling, as long as supply is there, which it should be as has been geared up for the post covid growth, prices fall -you see this on the commodity market at the moment across all input costs esp oil)

so then as input costs fall, the cost of making goods falls, so more profit per unit sold.

the key thing is topline growth, so the results will be key to see if THG is delivering growth inline with plans - if yes, then with input costs down globally (plus specific thg ones such as whey etc) with the 'free' money when exchaning dollar to sterling (knowing USA economy is much more resilient than europe, and THG has good exposure to USA), the SP fall seems farcical.

we are tracking general ecom retail and retail markets, many of which have tiny exposure to USA and dont get the benefit we should

current outflows of JUP are circa 140m a week!!!

JUP is in a massive pickle - the case outflows make it the next woodford in my view
its also got an increased shorting now too

it would have been helpful for JUP to sell to another fund - this daily small volume dumping is pretty embarrassing for a fund manager
@kando - any thoughts on why no II is buying up JUPs shares?

@2phevs - I also agree with you on some fund accumulating as well
THG SP held much better than Boo and ASC 2 weeks back (when we were around 71p) - I am sure there is a lot more than meets the eye to this, and sofina/ balderton may be hoovering up shares

I also wonder if softbank could be in play - of course they could not take the ingenuity option as it was so out of the money, but I liked the word 'by mutual consent' when explaining they had decided not to take it. we all know it was only softbank who could decide, so maybe they will come back in to the full group or could link in with MM for a takeover once ARM is floated....

I agree with this - but why is another fund not buying THG shares from JUP ?
i think this is the problem is the standard listing - i know it only affects UK II but they really should have fixed this months ago
anyway another ATL

no, they offloaded half -seems they are selling the full amount - here as well as in the other companies I shared plus one other whose name i forget - JUP is F'ed

JUP are a distressed seller - they are facing cash outflows and are having to sell down on THG, Starling, REVB etc etc

SP is down due to Jupiter - they are in a bad way
https://news.sky.com/story/fund-manager-jupiter-in-talks-to-sell-10-stake-in-2-5bn-starling-bank-12682847

plus shorts are closing. blackrock went from circa 1.5% to less than 0.3%
ist just maximum doom and gloom esp from the media on inflation - people still buy, a lot of people still have a lot of money to spend, and THG is diversified across 129 countries esp in US which is already improving

pure layering today - anything could happen. so volatile (not really sure why)

it expires Sept 23, but he has RNS that he would give it up in 2022 and THG would move to the premium market.
but like most things MM, a lot is said/ little is delivered - still waiting for the plans for beauty. still waiting for the enterprise ingenuity customers, and the min 400 websites in 2022 (from a order book of circa 450) etc etc

I m not sure hes either - i think he is simply a salesman, selling his company to a market that, in this macro environment, is simply not interested, combined with a total break down of trust between him and the City

what happened today is a ****ing disgrace,
my deepest sympathies go our to Boom and London
this is why Moulding has to actually do what he says he will do and get a premium listing. The SP is more volatile than bitcoin

wouldnt be surprised to see this have Goldman Sachs murky little hands all over it