Ann: General Meeting Presentation, page-3

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18/03/22

11:12

Post #: 60271455
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Originally posted by meghotcop: ↑

No one posting yet. So here is my drivel:

SP up by 0.002 Dollars. Now, that's massive. 4.23% up! (I am a little ironic here)

The Chairman points out the 3rd quarter sales (ending in Dec) as a record. Well done. But we knew this already.

What he didn't point out was the estimated sales for this quarter in the General Meeting Prospectus. Sales are estimated at 14.2m; i.e. 19% (!) down on the 17.5 m previous quarter. It annoys, that this is left for the investor to work out. That's poor form! The expression of "sleight of hand" comes to mind, and it has been used with reference to this company before.

Burying numbers (that are 'fresh'), whilst highlighting numbers (that are 'old') - Well how is an investor going the view this???

Here's my take ... and it's painful: HLF was desperate. They needed THM at all cost. And it did cost an arm and a leg. And while the future could look inspiring, the reputation keeps getting thrashed by their own behaviour towards the market.

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I agree. I have a very small holding but HLF but I cant take my eyes off it. Like watching a train wreck happening.

There is no news on the growth and profitability of current branded products. I suspect they are dragging down profitability.

And yes THM is postioned as they new saviour. HLF underestimates the disegagement of current THM customers which will occour when a smallish founder inspired product is taken over corporate entity.

HLF Price at posting: 7.2¢ Sentiment: Sell Disclosure: Held
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0 Great analysis

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