The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Well mr market either already knew Vivek was gone, or is totally indifferent!
I’d like to see ingenuity merged with another business to get some scale into it and some clients to cross sell. Whatever happened to its strategic alliance with bigcommerce..all gone quiet
Agree 101, Vivek was a CTO turned first time CEO not converting whales. Alistair Crane looked like a Chair to fix a sales problem, would expect him to be move to Exec Chair and then bring in someone he knows to in the US which is the market they seem to be targeting. Exciting times.
Lets see what the new Ingenuity Chair does....looks like a man of action from his track record
Not entirely suprised on Vivek....no big sales and a sales driven Chair brought in a few weeks ago...Alistair Crane will either become Ingenuity CEO or bring in his own people
The sell off post RNS IMO was all macro and rates staying higher for longer. FUD’s hijacked it as usual as they need conspiracy.My opinion of course, personally I think Iain Mc is a bright guy and valueable member of Board given Ecomm and expertise and investor network. I can see why MM wants him around.
No one is interested in Iain Mc apart from a few frustrated PI’s on a witch hunt. Kelso is minor noise
I seem to remember there was a US bid last summer..just not the right terms for shareholders
Said MM “they don’t believe the Lse is the right place to growth their 3 divisions”…the only uncertainty is timing and price
Gotta close their shorts out before COB. Can't risk an RNS dropping overnight
Ste’s pinky will be sore, we’ve had a 50p drop
Don’t mock our mate Ste, he must be running massive positions because he celebrates a 1p down day like he’s won the lottery
I'm with you yespsb, thought that advert was rubbish...
Yes OSG - it’s a really well run business, very cheap could even start paying a divi soon. Obviously DYOR
Nope Ste, sat on some losses on THG but it’s OK I can afford it, that’s investing and it will come good. Nutrition and Beauty are great markets to be in for the instagram generations, THG are experts in engaging through the right social media channels and it’s dirt cheap. You keep spreading your FUD and run some nice big positions overnight I’m sure it’s a winning strategy medium term.
Thanks for your concern Ste but I did nicely on the run up of On the Beach from 90p to £1.80, took profit pre Xmas and now back in at £1.45. Thanks for your concern. More than happy to be very long consumer shares at this level for some
Big gains term. Congrats on your massive 2p drops on THG this week, you must we delighted
Yesterday was risk off US tech and THG gets caught up on it. Unfortunately UK shares don’t seem to capture any upside on US “risk on” days at the moment!
There is plenty of interest in THG divisions/assets, but MM & long term holders stakes prevent a hostile taking it out the group on the cheap . Whilst sell off post Xmas has been painful, it is mirrored by On the Beach which I also own (which is a really solid business without the baggage that comes with THG). The reality is there is currently little interest in growth shares on the LSE with interest rates where they are - there was a bit of buying pre Xmas when expectation was for quicker rate cuts, this has reversed since NY with expectation of stickier inflation. The only difference I see on this share is that on market down days you have a few very vocal voices on here jumping up and down with conspiracy theories giving it a further push down on very thin volume. So THG (and On the beach) will turn, either quickly on news, or more steadily on macro. The negativity on here is just noise.
What missed guidance Steve? Are you still on about the net debt conspiracy still, whilst it's leverage ratio's came down? Nothing to see here, THG are allowed to invest you know and its balance sheet is fine and getting stronger now margins have improved
Ste, no one is claiming that Ingenuity has converted a whale yet...H&B is a nice client win, worthy of RNS, but not a whale as think it is a UK only deal (correct me if I am wrong). The big prize for THG is outsourced full service D2C deals on a global basis. They have the infrastructure in place that it will cost others billions to replicate, and hence high barriers to entry. My contacts tell me that business is there to be won as Brands turn their back on trying to develop that expertise in house, and turn to service providers and market places.