The Hut Group - what went wrong?

[DSLiverpool]

90% drop since launch, I see even harder times ahead for this e-commerce giant.

CEO has jumped ship, probably with a decent pay off.

So what went wrong? Nothing - it was hideously overvalued at float and has drifted down to reality.
Many have lost ££££

I predict Amazon will absorb them within a year.

[BlindedByTheLights]

Yeah it’s not great, the business fundamentals are still ok though.

[softtop]

is this a safe space to share how much we have lost? I took a punt with a £1,000 on launch day.

[NorthDave]

Wow. I didn't realise they dropped that much. A few years ago they seemed to be adding businesses to the group quite often. Did they just over commit or did the businesses they bought fall out of favour?

[BobToc]

It’s a perfectly decent business with a valuation that was completely mad. They sold it as a tech platform, turns out it’s just a (pretty good) e-commerce business. Matt’s been totally tone deaf with the city, which hasn’t helped either.

[BlindedByTheLights]

I didn’t buy that long ago, 65% down.

[ReverendCounter]

DSLiverpool said:

I predict Amazon will absorb them within a year.

Amazon routinely work with scum outfits like Boston Consulting Group who co-ordinate with other financial corporations to infiltrate, attack and short competitors into bankruptcy so assets can be picked up by Bezos. Look up 'cellar boxing' if you're not already familiar with it.

Here's a list of corporations BSC has bankrupted (bearing in mind the brand and remaining assets can be bought by collaborators so it seems the businesses remain solvent):

Blockbuster
OfficeMax
Pizza Hut
KLM Air France
K-Mart
Neiman Marcus
Pier 1 Imports
Sears
Toys R Us
Circuit City
JC Penny
Radio Shack
Texaco
Chrysler
MF Global
Conseco Inc.
CIT Group
GM
WorldCom
Woolworths
Washington Mutual
Lehman Brothers

Actively Bankrupting:

Bed, Bath, and Beyond
Harley Davidson
Kohls
Macy's
Revlon
RiteAid
Victorias Secret
Whole Foods
USPS

Failed Bankruptcies:

PulteGroup
GameStop

Scandals BSC have been involved in:

Karolinska Solna Hospital
American Public School System
$800,000,000 From the Federal Government
SEC Reform
Consolidating Power for Prince Mohammad bin Salman of Saudi Arabia
Sri Lanka’s Failing Government
Assisting in African Gemstone Corruption
German Political System
German Military
World Economic Forum
Isabel Dos Santos hired BCG to exploit Angola's natural resources while the country suffers from poverty, illiteracy, and infant mortality
BCG consulting for Saudi Arabia for the 2030 World Cup bid

[BobToc]

Show us where the Bed Bath and Beyond’s stock price hurt you.

[ReverendCounter]

BobToc said:

Show us where the Bed Bath and Beyond’s stock price hurt you.

Oh look, a stalker.

[BobToc]

I’m commenting on a thread I had previously commented on. If you want every thread to yourself I think you might be in the wrong place.

[ReverendCounter]

BobToc said:

I’m commenting on a thread I had previously commented on. If you want every thread to yourself I think you might be in the wrong place.

Hmm, so you didn't mention BBBY in this thread - at all? - but I mentioned it elsewhere, got derided for doing so, and as soon as I post here about other stocks that have been severely shorted, you suddenly mention BBBY which is in the list I posted above - and I'm the one commenting out of place.

Riiight.

BTW, got anything else for OP or are you just wandering around looking for posts I make about very probable shorting, as indicated in the very sudden and terminal decline in the chart OP posted?

Or are you a bit concerned about criticism of scum shorts who destroy businesses for personal gain?

Edited by ReverendCounter on Friday 16th September 22:30

[BobToc]

I know it must be comforting to imagine I spend my time on the internet looking for you, but I respond to posts as I find them. If those posts happen to be batst conspiracy theories about BCG then so be it.

[smifffymoto]

There’s no smoke without fire as the saying goes.
I bet if some body dug deep enough,they would find the st that had been buried.

[Ashfordian]

DSLiverpool said:

90% drop since launch, I see even harder times ahead for this e-commerce giant.

CEO has jumped ship, probably with a decent pay off.

So what went wrong? Nothing - it was hideously overvalued at float and has drifted down to reality.
Many have lost ££££

I predict Amazon will absorb them within a year.

I read your post and my first thought was I bet Private Equity were the owners prior to the floatation and 20 seconds basic research(Wikipedia) proves my hunch was correct.

My experience of Private Equity using a floatation to exit their stakes is that I would not touch it with your bargepole!

[Wilmslowboy]

I can name half dozen up to 95% decliners in the past couple of years, just in and around the Manchester Area.

Number 1 reason is over priced to start with, then poor governance/ transparency, followed by never really professionally structured the business to scale (still run like it was in start up phase).

Saying all that, much of the same criticism can be levelled at Frasers Plc - yet they have delivered the results.

To press the point home (that sticking to basics can be best) £1,000 invested in THG at IPO (Jan '21) would be worth £5 today, the same £1,000 invested in Frasers Plc at the same time would be worth £1,700. (34 times as much)

[Simpo Two]

Wilmslowboy said:

To press the point home (that sticking to basics can be best) £1,000 invested in THG at IPO (Jan '21) would be worth £5 today, the same £1,000 invested in Frasers Plc at the same time would be worth £1,700. (34 times as much)

I thought that didn't make sense. It's 340x as much.

Now where did I leave the keys to my time machine so I can use this information?

[Wilmslowboy]

Simpo Two said:

I thought that didn't make sense. It's 340x as much.

Now where did I leave the keys to my time machine so I can use this information?

Typo, £50 today not £5, its not about time machines, its about not getting caught up in all the hype (as I like to say all sizzle no sausage)

[DSLiverpool]

The issues with multi Manc failures is the rag trade sellers went online with no experience, many agencies opened up with a veneer of business acumen and it went crazy busy. In our early days we worked with many of them but soon decided it was just so difficult it used a disproportionate amount of time.

One commissioned a £35k USA site that ran for a week before they realised they had crap logistics.

[Condi]

ReverendCounter said:

Amazon routinely work with scum outfits like Boston Consulting Group who co-ordinate with other financial corporations to infiltrate, attack and short competitors into bankruptcy so assets can be picked up by Bezos. Look up 'cellar boxing' if you're not already familiar with it.

You need to seek help and avoid conspiracy websites, written by people with little or no understanding of finance.

[ReverendCounter]

Condi said:

You need to seek help and avoid conspiracy websites, written by people with little or no understanding of finance.

Seek help? OK, help disprove the link between BCG and Amazon.