Verditek fesses up that there’s been an Italian job but what is the near insolvent company not admitting to?
Just how much do greedy fat cats Julie & Ali at Sosandar need to be motivated? £50,000 becomes £2m as punters get screwed
Back in late October, I wrote about THG Holdings (THG), The Hut Group, observing then that company had been performing well since its September listing. Back in October, it estimated a 30% odd increase in Q4 sales across beauty and other third party products, but today’s announcement achieved a super dynamic just over 50%, led by Beauty, Nutrition and OnDemand businesses. So well done The Hut.
I have written a couple of times about THG Holdings (THG), The Hut Group, about which I essentially stated that you should not be chasing this one after the first day IPO pop from the 500p list price to a c. 600p share price. Well that was all fine and dandy, until the last week or so when the share has pushed up about 10% or so. Funnily enough, today's third quarter update notes not only an acceleration in revenue growth (to 38.6% from 35.8% in H1) aided by strong progress in the direct-to-consumer and its Ingenuity Division ('beauty manufacturing and product development for third parties'), but increased full year revenue growth target from a c. 25% increase to a new guidance range of 'c. £1.48bn to c. £1.52bn (+30% to +33%)'...
Earlier this month I wrote a pre-IPO article about The Hut Group (THG), concluding you should 'brace yourself for the newspapers falling all over this one the day after it lists post a day one share price romp' and that essentially I was not going to chase it. This was due to a variety of concerns...
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