Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Ryanf, the logistics surrounding the THG nutrition offer is absolutely horrendous mark my words.
Products sat in distribution centres all over the country, and further abroad, EU and Middle East resulting in absolutely shocking delivery timeframes which they openly lie about. Add to that the 'spoiled' products from sitting too long in non-temperature controlled environments, warehouses, white vans and runways... it's a total sh it show.
And it's getting battered. Again, the ASOS proposition is entirely different to THG. They know what they do, and do what they know. And are finessing the business model towards being a super 'tailored' (scuse the pun) proposition that delivers on every level. Innovation, streamlined organisation, inventory balancing, some interesting human capital now on board...
THG real time delivery setup is abysmal.
To add to the below. If you understand:
Brand
Fashion
Online Retail
You'll know full well the ASOS is here to continually evolve, and to f***in dominate for may years to come.
And guess what? All the largest investors / shareholders understand the aforementioned big 3 better than hedge funds, and frankly, you and me.
The ASOS proposition is "all over the shop"?
You clearly have very little idea about the power of brand. ASOS is one of the strongest brands out there globally and is THE destination for fashion loving 20 somethings. ASOS has 20 years of solid brand equity which doesn't just disappear. Their single minded proposition took them from startup to 4 billion revenue in no time. The platform is well-built. Management are on track to reshape the company as a profitable machine with evermore conscious 'brand thinking' and 'innovation' moving forward...
This isn't the DOTCOM era. This is the new age. ASOS ain't going anywhere and the competition, frankly speaking, is not as strong as half ya'll think. TEMU and Shein simply ain't competition. NEXT? Different customer and proposition. Their platforms (TEMU and Shein) are abject at best. (As much as Shein attempted to copy ASOS :) Diabolical brand photography. Brand proposition all over the place. PR disasters daily. Gun straps? Bum cream? Tents and rubber water rings? Gimme a FARRRKIN break.
ASOS long and strong. I won't be selling for a dime under £35. Period.
Final word on Temu and Shein. I don't care what's said those website really are horrendous from a UI/UX perspective.
Anyway, the front page of TEMU currently has some Bum Bum cream for 6 bucks and a gun strap for 3 bucks as the two key lead products for sale if anyone is interested.
TEMU shouldn't even be muttered in the same breathe as ASOS. Neither Shein for that matter.
Someone mentioned below web hits down 14%. You're referring to organic search traffic obviously? With the bad weather I think thats somewhat to be expected, but i think it's important to note there were still 24.6 million hits on the site regardless. Couple that with paid search actually being up 26% to roughy 1 million (targeted) hits I'd say these numbers were by for the by to be honest :)
I'm expecting good (to better than expected) news end of month :)
I don't see a 4 billion online retail stalwart failing. I see alot of value from these levels regardless of macros which are temporary. They're on the right path and I think the next news will be positive. I also see the samplesale site reload as a good thing; clearly it worked first time around and they see it as a great way to offload excess stock which was likely ordinarily written off already. And contrary to what some have suggested, people are traveling, and traveling hard so i don't see the UK weather as being hugely impactful to the bottom line... could be wrong :)
G_G_G
I think you misinterpreted my post slightly. Be it major shareholders or anyone else, the offer wasn't given the light of day. The reason for this, in my opinion, is it significantly undervalued their holdings and indeed the value of the company. Simples.
My suggestion is not that we're about to see £30 per share anytime soon. Far from it i'd expect. But my post is rather more relative to the fact the the company, and indeed existing (and new; MASH) view the company as fully capable of getting back to business.
And I fully concur with their view. No idea on timelines, not of concern to me as I believe it won't be too long before trading as near to what it once was with a far steadier and better managed ship :)