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This says Kelso are leaving their results to the 30th April (their recent statement says BY 30/04):
https://www.sharesmagazine.co.uk/news/market/1713878778432486100/uk-earnings-trading-statements-calendar-next-7-days
@bacchusll, agreed. THG has made big progress around the efficiency of its operation over the past 18 months , and I believe will exceed forecasts on EBITDA/cash generation. Don’t see THG missing numbers this year.
Yes I’m sure. One bit of negativity is a win in my book for this publication.
WoW, 2pence down at the start! Oh, no. Quick sell because I’m scared 😱
Tuck these shares away for big gains when the cash starts flowing in over the two years.
Yorek, are you sure ? There was the paragraph to point out how much it has fallen which seemed like another dig.
💦🦑
Already 2p taken back from the high of 66. cant beat the wace, moulding just doesnt get it
They werent happy brining it down to 65 it seems
That’s a positive article for The Times. Thanks for flagging.
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.
MENU
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