Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Just one point…Based on historic norms, the TU was not late….in fact it was on time, it was the results that were early.
Results & TU were delivered together on 18/4/22 and 21/4/23. This time we got results in 10/4/24 and the TU on 23/4/24.
My personal belief is that they are drip feeding better news, to try and have a positive impact on the share price…
Drop on open, courtesy of marshall
Specimen, exactly...and some on hear believe Kelso get specialist knowledge...not a chance
This is the last bit. Everything else is regurgitated stuff.
Analysts at Peel Hunt said THG has been putting in place measures to help lift its stock market valuation.
They said: “We believe that lack of disclosure, high investment and cash outflows, and the post-Covid downgrades seen at THG, and across this space, have weighed heavily on the shares, along with other issues, all of which have played out fairly publicly.
“Margin recovery, revenue growth, and sustainable cash generation are the driving factors for the next leg of the journey. Similarly, we are starting to see early signs of better disclosure, which will be key to lifting investor understanding and confidence.”
Analysts at Jefferies said they believed THG offered investors “access to an impressive stable of market-leading strategic assets”.
THG has been boosted by a strong performance from its beauty business as the group presses ahead with efforts to revive its stock market valuation.
Revenues in THG’s beauty division beat City expectations with a rise of 9.3 per cent to £267.6 million in the three months to March 31, prompting the group’s share price to rise by 3p, or 4.8 per cent, to 65p.
THG, formerly known as The Hut Group, was founded by the entrepreneur Matt Moulding in 2004 and floated on the stock exchange at a valuation of £5.4 billion in 2020. THG’s market capitalisation now stands at about £870 million and the company has been seeking to boost its share price by addressing corporate governance concerns and cutting costs.
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wednesday april 24 2024
THG boosted by beauty as it looks to revive share price
Cosmetics division beats City forecasts with a rise in revenue of 9.3 per cent
Matthew Moulding, founder and CEO of THG, has come under pressure from activist investors
Matthew Moulding, founder and CEO of THG, has come under pressure from activist investors
REUTERS
Helen Cahill
Wednesday April 24 2024, 12.01am, The Times
THG has been boosted by a strong performance from its beauty business as the group presses ahead with efforts to revive its stock market valuation.
Revenues in THG’s beauty division beat City expectations with a rise of 9.3 per cent to £267.6 million in the three months to March 31, prompting the group’s share price to rise by 3p, or 4.8 per cent, to 65p.
THG, formerly known as The Hut Group, was founded by the entrepreneur Matt Moulding in 2004 and floated on the stock exchange at a valuation of £5.4 billion in 2020. THG’s market capitalisation now stands at about £870 million and the company has been seeking to boost its share price by addressing corporate governance concerns and cutting costs.
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Revenues at Ingenuity, its e-commerce platform hosting third-party brands, fell by 5.3 per cent to £149.6 million, as sales to clients rose by 4.1 per cent to £37 million, whilesales to its own divisions declined 8 per cent to £112.6 million. The group’s total revenue fell by 2 per cent to £459.9 million.
THG’s nutrition business, the division responsible for its popular Myprotein brand, fell by 9 per cent to £150.8 million. The group has started distributing its Myprotein products to UK retailers such as Asda, Boots and Tesco, and started selling the brand in an additional 1,000 stores in the first quarter. The nutrition division’s sales were held back by the roll-out of a new Myprotein brand, but Moulding said customers were responding well to the changes.
Moulding has come under pressure from activist investors to spin-off the Myprotein business to improve THG’s valuation. Kelso, an investment group founded by John Goold, has called for a sale of THG’s
Can anyone copy/paste what The Times had to say.
https://www.thetimes.co.uk/article/thg-boosted-by-beauty-as-it-looks-to-revive-share-price-6fcdbqq80
Looks like some people were working late spouting their negative agendas last night.
Some twitchy bums for those with short positions?
Id be wary of calling anyone who invests £4m in a £1bn company an Activist Investor.
On the whole a positive update today and great to see double digit growth in Beauty. Slightly concerning the level of decline in Nutrition. As someone mentioned earlier today, it seems the decision to protect the consumer prices last year hasn’t really paid off.
What I really can’t quite put my finger on though is the reason for the delay of the update? Nothing here seemed to be time sensitive and no real standout wins that landed late. The last minute notice of results yesterday is just a big F U to everyone else outside the “circle”. The only thing missing today was an image of David Beckham celebrating his free kick against Greece tagged on the LinkedIn post with Mouldings face photoshopped on as the match winning hero of the day as we look at the SP sitting currently at the dizzy heights of 65p. 👏
Roll on to this hitting my B/E point after holding this for nearly 2 years as I will be running for the hills because with this guy at the helm we’re clearly just 95% unwanted noise.
One day of a 4p rise and you're all acting like it's a new dawn 😂😂
45p, 55p. All the same. You just trade it. It's all It's good for now. Eventually it'll either need another cash injection/dilution. It's just not profitable.
Still waiting for the 45p ?:
Hardwell
Posted in: THG
Posts: 249
Price: 59.70
No Opinion
RE: Q1 Update19 Apr 2024 20:25
😂😂😂 Good luck all, but I'll buy back in at 45p after the Q1 update
Ah so you’re a trader. Makes sense. But why buy at 55p? If the company is making no money and running out of cash as you say, why wouldn’t you wait for a much lower entry point ?
I'd buy back in and out to trade this...it has a trading window of about 55p to 70p which is wide enough to bank a regular 5%. As for keeping it long term...nah.
Cumulative losses of £1 billion + means no corporation tax for many years to come....not a bad plan to make losses in the early years of trading, allows the company to invest in its infrastructure and expansion plans with no tax to pay..
Hardwell you say all this, but then you’ve also openly admitted that you’re keen to buy back in here again? Make it make sense m8
That's an alarming anecdote but not all that surprising. Mad has the same tone in his social media stuff, lots of emojis, he seems to find it all a bit amusing too, there isn't the humility you'd expect from presiding over a company that's now made cumulative losses of £1bn+.
Cash flow wise last year's annual report does have a rare lucid moment stating: "free cash flow positive from 2024 onwards." Can't see it ending will if that's another goalpost that gets moved.
Why read into Kelso being silent other than MM now owns 8% ?? All the "theories" are just hot air
Nothing has changed at all PMH...don't give the slightest F about shareholders. CEO's got it all tied up like a federation football so they don't matter.
Interestingly I was talking to a senior bod from THG Saturday morning. They were actually laughing about the fact the company makes no money...
The problem with THG remains...eventually MM will run out of other people's money. My advice to all invested here is keep an eye on cash...in versus out. And I don't mean the " £600m available facilities" as that's just a credit card...
Not at all my friend not to worried either way only 2000 shares quite interesting but GLA which ever company or position you have ummm
Decent uptick in beauty..holding the prices on myprotein was a disaster.
I struggle to see what is changing here..
1) giving shareholders less then 24 hours notice about trading update and conference call - again
2) nothing about strategic update
3) where Is Lord Allen that is being paid £400k?
4) premium listing news?
Shambles really..seen it so many times before…small uptick today and it will drift back down to mid-high 50’s..
Its a sh@t show .all good in the hood .......just hold
Kelso have their own agenda here dafad and have their own update to publish before the end of the month and I'd expect them maybe to come over the next few days what with NCC slightly rebounding.
I also expect they will be more than a tad perturbed at MM's Linkedin comments of 95% of advice not being taken and pushed to the side.
In addition because the jewel in the crown at the time, THG Nutrition, now seems to be regresssing and substantially losing sales and revenue it is extremely doubtful now that with those declining numbers that it prove attractive to new investors in a seperate listing. I suspect that they will see any seperate listing of THG Nutrition as a missed opportunity.
A 170p Bid was turned down as substantially undervaluing THG. Apollo Bid also abruptly ended without any numbers posted as others do, and two bids for THG Nutrition also. Now noticeably a large decline in sales and here we are tonight at 65p.
I wouldn't parody them and always be wary of Active Investors who become the quiet ones.
Could Kelso be privy to future Thg plans and therfore unable tocomment or trade.Intetesting times!
These guys got a bit excited yesterday, upped their short by 0.1%