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The Hedge Fund FUD machine may roll on until their is another bid approach. Mind you, if a number of brokers start re rating THG then the Hedge Funds might just cut and run, it all depends whether th
Is that Small Company Share-Watch?
Err.... the fact that the approaches grossly undervalued the company
Does anyone have any further insight on timing/detail of the rule changes Canary posted on. We know they are likely coming, but I couldn’t find anything in the public domain to say we are anything other than deep into the consultation process, with implementation likely at some time in H2. Canary seemed more bullish than that suggesting confidence in 1st July implementation? Any extra insight appreciated if anyone has it
*Why have they never re-approached?*
Err... the not so easily surmountable problem of Mathew Moulding.
Or... they have approached but without success.
Just opened my ShareWatch Mag from last week, they have about 25k subscribers, this is a paid subscription service but I am happy to share :)
The standout line in THG's FY23 results showed free cash flow breakeven was achieved vs an outflow of £213.4m in FY'22 and debt should fall from here as capex in the distribution network is largely complete (capex dropped to £46.3m compared to £94.9m)
Reflecting the exit from several loss-making categories, sales were down 3% to £2.05bn but delivered EBITDA of £114.1m. THG Beauty and THG Nutrition prioritised higher-margin sales, which led to reduced order volumes. However, this led to stronger margin performance with EBITDA margin of 5.6%. Gross margin increased by 1.5% to 42.8%, overcoming high levels of inflation and currency headwinds. 1 had already reviewed the results, which had been pre-announced, in the February issue of SCSW and there continues to be improvement in Beauty with its online retail platforms, Look Fantastic, Cult Beauty and Dermstore, seeing an especially sharp acceleration to +11.1% in Q1 (Q4 +2.5%) whilst Nutrition (MyProtein brand) has seen material gains from low whey pricing and the local manufacturing in Japan starts in H2, as expected. THG Ingenuity continues with its pivot to bigger clients,
Q1 performance leaves it well set to achieve FY24 market consensus, currently an EBITDA of £151m. Brokers have begun to get warmer on THG recently. Liberum sets a 220p price target. Meanwhile, Jefferies has joined the frog chorus for a divisional IPO or strategic partnership almost certainly involving a minority: stake sale in the Beauty division - to unlock value. Buy.
I don't know if I've seen it mentioned on here before but MyProtein was approached by both PepsiCo and Nestle to buyout MyProtein before THG came in to buy-out the company...
Why have they never re-approached?
Another good example was Pets at Home, the Hedge Funds spread hundreds of rumours about the imminent collapse of the company about 5 years ago and drove the SP down from 500p to about 80p, it all turned out to be a pack of lies spread by US based Hedge Funds, the company just got on with delivering great results and increasing dividend payments and subsequently the share price rocketed to over 400p. Nevertheless, the Hedge Funds made many many $millions trying to destroy the company and a lot of shareholder's panic sold because of all the bad news stories being created by the Hedge Funds and their media mouthpieces. JMO Adyor!
‘steveinhull
Posted in: THG
Posts: 1,949
Price: 63.55
No Opinion
RE: Can anybody explain what does Greg feehely do9 May 2024 16:08
If you are basing your investment decisions based on what you read on a forum you have mental health issues.
And if you think it moves the share price in anyway at all.....ditto.’
Maybe you need to get down from your high horse and look at what you post other people.
Yorek Last time the full list of shorts was disclosed here it was about 6% under and 2% over. I am assuming the figures are roughly the same.
So unless anyone can prove otherwise I am happy to say there are still about 6% undisclosed shorts under the threshold.
Couple this with Canary3's informative post and there could be a real shortage of THG shares this summer should MM drop some positive news before or at the AGM :)
Thanks. I look forward to his next post!
One of the main reasons for Shorting is not because the company is failing it's because Hedge funds/PE are preparing the way for a takeover. Darktrace is a recent example where shorts were being opened right up to the day of the takeover announcement. The fact that Apollo etc have been circling THG forthe past two years reinforces my view that the shorts a being paid to keep the share price down. JMO Adyor!
Might be the start of a purge of multiple Id abusers.
Some people will need to be careful from now on .
Here it is LD1973 https://www.lse.co.uk/profiles/ste2000/
Maybe just had the weekend off
Perhaps the increasingly positive trajectory of the SP will promote peace and harmony here.
Here's to hoping, anyway.
KBYK
Looks like STE2000 has deleted his/her account as you can’t find any comments of theirs anywhere now.
Creating multiple user ID'S to harass other posters is cyber bullying. What do you call it? You are quick enough to complain when you think this STE2000 character is doing it. At least when he does it he is talking about the share. He isn't being abusive towards other posters
That is why i use it.steve
Agree gotbanned
That's what the filter is for.
Cyber bullies? You really think those were ‘normal people’? Get a grip 😂
most of them are abusive..when calling people names etc.all the time ******* mm off.i got sick of it
Might be cause they get stalked by cyber bullies who cannot tolerate a different opinion?
Yes no more green boxes
There are many posters that mysteriously have disappeared.....
Huh. I wonder why?