Thg Share Discussion Threads

[allenquatermain] 20/1/2022 08:57

On the day of results some people on here were posting how great they were

You really couldn’t make it up

[hybrasil] 20/1/2022 08:55

I think moulding has to deal with the property issue. Every investor wants to invest in a business on a level playing pitch with other investors. Here we have a situation that he pulls £19m out of the company in rent. I accept the co has to pay rent but it doesn’t sit easy with me that the co gets no upside if prices were to rise in a situation such as this

[merrick1965] 20/1/2022 08:54

A credible northerner, he is no robin hood, more like Robin THG

Example 1

Re the £100 m property deal

LondonMetric paid £47.5 million for Omega in 2014 and signed a pre-let agreement with THG, which exercised an option to buy it for £53.7 million in 2016.

THG buy the property for 53.7
sell it to Moulding Holding for what price (don’t forget no cash for he waived share options) but he assumed debt and financed with THG lease back. He is lent money via his property company because of THG bringing jobs to Warrington (Warrington council would have easily lent this cheap money to THG)

jan 22 Moulding sells the property back to LondonMetric for £100m

Because Moulding has signed a long lease with THG, for LondonMetric to justify a 100m price tag the lease rate MUST have increased significantly since the original lease otherwise they would not justify the 100m purchase tag ( unless Moulding has packaged in other land he owned around the THG site - again such would be a conflicted transaction for such land should have been bought by THG to protect THG expansion)

The problem here is sentiment and this transaction does not help. THG saying company independently verified transaction then THG should sue that company for undervaluing the asset (and Moulding will not do that)

at least Robin Hood gave to the poor, As opposed to moulding making them poor

example 2

Pre IPO his options are waived in return for properties as above. Company float hits a share price for 15 days and he gets 50% uplift on share holding (17% to 25%) other shareholders diluted. I know all in IPO disclosures but if anything comes to light then this has class action written all over it

Long term

Thg will do very well - MAtalan and Hotel Chocolate trading updates can only help ingenuity cause

short term - marmite moulding not the flavour of the city

Thg must focus on integration and consolidation

Investing decision sadly I suspect will be a test of base of channel trend line and need to see shorters reduce

Somebody else summed this up perfect

FOMO


My position - I hold no shares nor am I shorting - THG will be ok once this dust settles - the question is how low

[billionarebob] 20/1/2022 08:49

Tech company Darktrace has a market cap of £2.9 billion on £280 million revenues and is making losses

Ingenuity is a tech company with whose targets are minimum £110m revenue next year with 60% EBITDA as stated by management that’s £60-65m profit

Ingenuity's current valuation - zero

Now that is CRAZY!!!!

[bldm] 20/1/2022 08:42

0.79 cometh

[allenquatermain] 20/1/2022 08:41

152p

Ch1ck boasted about buying at 172p

What a bellend

tee hee

[billionarebob] 20/1/2022 08:38

Todays overview:
500k Buys v 400k sells
price down 4p

[allenquatermain] 20/1/2022 08:35

154

You gotta larf innit

[ch1ck] 20/1/2022 08:14

It's not about pleasing some people it more about lazy journalism.It is easy to just jump on the negative bandwagon. Most of these pieces are sonicated from one or two sources or analystsIt's plain to see there is nothing Matt Molding can do to appease the press and the market. The best course of action would be for him to stop being the face of the company and to step in to the shadows.They don't see a ripped casual dressed Northerner as credible

[solo4yous] 20/1/2022 07:58

Excellent point made by the paid journalists Tines article quoting Liberum talks about 2021 miss for Ingenuity of 45m against 50m. What the journo doesnt say is thg confirmed in q3 AND q4 results that Ingenuity on track for 112m in 2022...i.e. massive growth vs 2021. There is no pleasing some observers.

[leoneobull] 20/1/2022 07:48

Ingenuity powers hotel chocolat, Matalan and Homebase. These are bug businesses and Ingenuity will grow and grow IMOV

[leoneobull] 20/1/2022 07:47

Tines article quoting Liberum talks about 2021 miss for Ingenuity of 45m against 50m. What the journo doesnt say is thg confirmed in q3 AND q4 results that Ingenuity on track for 112m in 2022...i.e. massive growth vs 2021. There is no pleasing some observers.

[bookbroker] 20/1/2022 07:37

Hotel Chocolat very overpriced, and the chocolate all about packaging and presentation, all over the likes of John Lewis on top of own stores. Belgian chocolatiers more interesting and more creative with taste.

[1pencil] 20/1/2022 07:28

Chocolate fans went all out for nuts ahead of Christmas and avoided novelty chocolates, according to the boss of Hotel Chocolat, as the retailer toasted 37 per cent annual sales growth in the 13 weeks to 26 December

[leoneobull] 20/1/2022 06:26

https://www.ft.com/content/a68e449b-8a0e-4d95-aa18-4e6efb2b2863Slight miss on EBITDA. Interesting that at IPO , revenue forecast to be 1.75 billion, it was 2.2 of which it would have been 2 billion without the acquisitions.....so well ahead of IPO.. given inflation affects the entire sector....... Build and they will come

[average down mug] 19/1/2022 23:43

Gl mr bull take care 🤡☝A039;

[bookbroker] 19/1/2022 21:17

Bozo’s got out early with a huge profit, left some poor institutions like Sofina to carry the can. Sofina being a family office, wealthy but nowt compared to the likes of Soros, etc. They will be pretty upset I can only imagine, been shafted big time!

[jubberjim] 19/1/2022 21:11

Have been watching with a view to going long but ???
Will wait a little while longer I think

I just hope that those bozos at the various institutions who took this to market at such a ridiculous price are locked in for a period of time so they can suffer alongside those dreamers who were duped into buying this basket case of a share
Hope it comes good for those long and wrong but I have my doubts

Beware FOMO

Good luck

[f56] 19/1/2022 20:50

Also, you could say why listen to them when there are other unmentioned names you should have been listening to.

[bldm] 19/1/2022 20:47

No, it's a trading update, not an update on the split which is not yet ready. That's why they didn't answer these questions.

[leoneobull] 19/1/2022 19:13

Having listened to the call yesterday they were at pains to say several times that "this is a trading update"...I think they are holding off on a jumbo RNS on Chair, business splits etc over the next few months pre full yr results and until then they are happy with their guard up against the ropes until they launch their haymakers...A post for. LSE BB?

[f56] 19/1/2022 18:06

Thanks bookbroker.