Thg Share Discussion Threads

[slinkyj] 30/5/2022 10:49

Only a 3 day week, let's go. This mornings weakness won't last imo .

[srs8] 30/5/2022 09:51

SANKS - YOU TWIX... this article is a month old, written when you were supposedly bullish on THG and written by motley FOOL - how thick are you twix boy

[djb3] 30/5/2022 09:47

lodgeview29 May '22 - 22:38 - 17485 of 17505
0 1 0
I've made £38k from FXPO so yeah I'm a really bad investor aren't I?

You bailed out on FXPO you absolute tool - 38k don't make me laugh... If you do the opposite of Lodge you'll be ok. Trader and Lodge are the same person.

[pre] 30/5/2022 09:20

plenty to look forward to as bidders come forward, more RNS including key holding by MM, softbank etc plus don't be fooled into thinking things aren't happening in the background. Bid lands and that will be it -chart developing nicely with its bowl formation.

[hooded claw] 30/5/2022 09:12

You can see they were trying to take out stops this morning yet again

[sanks] 30/5/2022 09:02

Please be careful.. that itch on my bugatti is getting stronger.. don't want my buy order at 72p to be taken and some of you genuine nobs still holding when it was trading at double the price!!

Please be careful.. I've taken my bugatti off the table for a reason.. I've seen the books..
lovya xx
Sanks..OBE MBE BA HONS PHD LLB SHAG

==============================

Is bid news a buy signal?

THG has been one of the most disastrous IPOs of recent times. The company, which is led by founder Matthew Moulding, has seen its market cap fall from over £6bn to just £1bn since its IPO in September 2020.

According to founder and chief executive Matthew Moulding, THG has received a number of proposals in recent months, but they have all been unacceptable, “failing to reflect the fair value of the group”.

Moulding says that all the approaches were rejected and that THG is no longer in receipt of any proposals.

My guess is that as the company’s founder, his idea of fair value is a lot higher than that of outside buyers. But who’s right? To decide, I need to learn more about THG’s numbers.

Sales up 35% in 2021
My first port of call is today’s results, which cover the 2021 calendar year. These show that THG’s sales rose by 35% to £2,180m last year. That’s in line with City forecasts and seems like fairly strong growth to me.

Unfortunately, sales growth wasn’t matched by profit growth. THG’s adjusted cash earnings (‘EBITDA’;), which exclude a number of costs, rose by just 7% to £161.3m. That gives an adjusted EBITDA profit margin of 7.4%, down from 9.3% in 2020.

Worse still, this business remains loss making at an after-tax level, with a reported loss of £138m for the year just ended.

However, THG is a growth business and its losses do appear to be reducing. Will the picture improve this year?

THG shares: outlook uncertain
For me, one attraction of this business is that 80% of its sales come from repeat customers. This suggests to me that THG brands such as Myprotein and Lookfantastic have a loyal following.

In 2022, THG expects to see sales growth of between 22% and 25% as it recruits new customers. Based on this guidance, I estimate that THG shares could be trading on around 0.5 times forecast sales. That’s a similar valuation to online fashion retailer boohoo. It could be a fair price for THG.

However, one key difference between boohoo and THG is that boohoo is much more profitable.

The fashion giant is expected to report an after-tax profit of £75m this year, on £2.2bn of sales. By contrast, THG is expected to report a loss of £25m on £2.8bn of sales.

Although I’m impressed by THG’s ongoing sales growth, I’m worried about its lack of profitability. Even with sales of more than £2bn, it’s still not making any money.

In my view, there are better choices elsewhere in the online retail sector. I won’t be buying THG shares.

[griffo221] 30/5/2022 08:49

Wont be many more RNS declarations surely before the important ones

[oakville] 30/5/2022 08:48

Bought another 1500 shares.

[4x4mudplugger] 30/5/2022 08:39

Sorry, Griffo221. How rude are my thumbs!

[4x4mudplugger] 30/5/2022 08:38

4x4 -> Griffo21, 555 multiples not your new inventory by any chance?

[griffo221] 30/5/2022 08:28

555 lovely number. This next coupleOf days could be very interesting.

[iamthemagnificent] 30/5/2022 08:11

Banked a nice profit here.

On balance, I agree with the following article:

[lodgeview] 30/5/2022 08:08

Here comes the collapse folks...PI's bailing out as bid talks abate.

[oakville] 30/5/2022 07:53

£1.80 by close on Wednesday?

[srs8] 30/5/2022 05:41

LODGE - you really come across so pitiful. not sure which is worse; the fact everyone utterly hates you, and you seem to have no support, the fact you have a proven record of losing in the stock market (case in point - remember your short opened at 81p that was closed out) or the fact you are so crass that you boast (/ lie) about making money. people who make money dont tend to need to tell people they have made money.
finally, by the fact you are on this board late at night and very early in the morning suggests you are a/ a very lonely individual, b/ someone who is very worried by share price moves.
in summary, take a break from these forums (they are not for you), take a break from the stock market (it is too complex for you) and find some joy in life

[bwana4] 30/5/2022 05:26

Hey Lodge,what happened to your investments in PFC ???
You used to cry like a baby ! How you were losing on your shorts!! I have a very good memory Lodge.😁€513;😎

[lodgeview] 30/5/2022 05:14

Ready for the inevitable collapse? THG is a POS.

[lodgeview] 29/5/2022 23:13

Toansy it's a realised gain on a company that makes real profits unlike this POS.

[1licker] 29/5/2022 23:03

Loge you've been saying thst since 80p. If anyone listened to.you they would have lost a fortune over last 3 months

[1licker] 29/5/2022 23:02

Loge you've been saying thst since 80p. If anyone listened to.you they would have lost a fortune over last 3 months

[lodgeview] 29/5/2022 22:39

Mark my words this will be below 140 tomorrow. It will totally collapse.

[lodgeview] 29/5/2022 22:38

I've made £38k from FXPO so yeah I'm a really bad investor aren't I?