Jul. 2 at 8:27 PM
$THH Sounds good on the surface, but without guidance it’s still mostly narrative.
1) THH went from 16 venues at IPO to 23 now = 43.75% growth. Nice headline, but did it translate into meaningful FY26 revenue/profit growth?
2) H1 FY26 was essentially flat, and those were only late unaudited first-half results despite THH releasing FY25 audited results by Oct. 30 (~4 months after year-end). Given the delay, I was hoping for Q3 results or FY26 guidance.
3) The market wants proof the
$25M raise wasn’t just a lifeline. It was disclosed while THH traded above
$20, suggesting real diligence and likely a credible roadmap, even if contingent on the raise.
4) THH’s Japanese site has far more PRs/activities if you’re willing to translate them — I have. The SBI / Music Circus story may build a bigger pie, but does it drive profits now or years from now? That’s what guidance needs to answer.
