Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
So perhaps we can start to think about Ftse 250 entry and possible ramifications if any..as THG has approximately 1.5 billion shares at todays price it has a M Cap of around 1 billion , that puts it at 160th place , the top 5 have market caps in excess of 4 billion, so a share price of over 3 pounds is entry onto the Ftse 100.
In the Ftse 250 i can find only a small number of funds that automatically take a position in Ftse companies and if there are only a few then 1 to 2 percent of the shares in THG will be taken without any other selection criteria. This is a smaller number than i envisaged so hopefully i have got that wrong and any help would be useful.
At some point ( and it could be happening now), funds that currently cannot take shares in THG will start to accumulate and perhaps that is showing in the relative strength in the SP, should the position change and THG does not enter the Ftse 250 the of course the opposite will happen and funds will start to sell of any shares they have accumulated.
I think that it is a very interesting couple of months coming up, will we see steady accumulation for any interested funds prior to the change or will they wait to see if THG will be included?
Will THG/MM care whether or not it gets included because it will be taken private ?
Or
Outside chance, once in the Ftse 250 will the next aim to be in the Ftse 100 looking at a share price in excess of 3 pounds ?
An interesting time ahead will MM like to be part of the organisation fighting for change or will he depart in the next few months.?
I remain invested and will be watching with great interest a hopefully i can make a decent wedge of cash over the next couple of years.
As always GL to all.
How can it be possible that “and it could be happening now” when “funds that currently cannot take shares in THG”….eh
It possible because fund managers get special dispensation for upcoming events , under certain limits of course, that allows them to take positions in anticipation of the actual event.
That prevents a surge of buying / selling that creates a false market as the changes happen.
Typically a company exiting the ftse 100 or 250 will see their share price fall as funds divest in anticipation and buy others that are joining, they try to do it slowly to avoid huge price swings.
Normal procedure.
Aren't you missing all the passive ftse all share trackers, small cap trackers sector trackers and the active funds also. Can't see hiw this will.all only add up.to 1% or 100m or just 15m Shares
Tracker funds typically hold between 5 and 15% of FTSE 250 companies according to my research.
Thanks for that, i knew I had got it wrong but i couldn’t find the information, even 5% would be a big change to where we are as most funds cant hold THG...
Fingers crossed as we go forward.
My Protein getting some good coverage at the Formula 1 racing.
Yep, typically advertising on the car that currently sits in 16th last place with 0 points in total haha.
*and last place
It doesn't really work like that in F1. Williams have lots of fans, they are a historic heritage "garagista" team. There isn't really a negative association because of where they are currently which it would be easy to assume for those not familiar with the sport and it's culture.
They My Protein very prominent on the long TV coverage irrespective of where Williams is placed. Visors, Overalls etc.
Non farm payroll Friday, that was a doozy, no one expected such a drop given feds recent comments.
Could be the catalyst across the pond for rate cuts, who knows but UK/EU are very much on track to meet their targets.
You'll get coverage with Williams but the money could probably have been better employed with a higher placed and better prospect / progressively improving car.
Since they signed the Williams deal sales of THG Nutrition / Myprotein are down 9% in the last quarter. Thats a very big fall.
That's also despite the supposed C-Suite access that The Williams deal gave to both MP and THG Ingenuity (much trumpeted at the time), the Gartner Magic Quadrant inclusion that was meant to boost sales, and the £50 million spent to retain customers.
You'd be far better employing your time this BH weekend checking on whether or not MP products are in fact in Tesco's, Sainsburys and supposedly Asda and as importantly what is the depth of the range and are they moving off the shelves. I highlighted earlier in the week that despite MM stating they had MP product placed in Asda's I found only one amidst rows and rows of competitor products.
dyor
Nothing like weekend FUD. I’ve seen very large offerings across multiple asdas
Osd, just showing your ignorance unfortunately. Good luck with that...
I agree product placement of MP in supermarkets borders awful. Placed with others in a commoditised fashion. No way to differentiate, upsell, commit into a range. TBH better not to stock in supermarkets if this is the approach - devalues brand and I can’t believe it’s bringing much in. Very concerned at MP product placement. Separately, if it kicks off in India with demographics and growth prospects then could be a massive contributor.
Formula 1 result simulating reality here at the minute.
Optimum Nutrition sponsored car wins and standing on the top step of the podium… Myprotein branded cars both last and one in a wall. Couldn’t write it.
All things aside though, a great Grand Prix and good to see a fellow Brit winning 👏
THG's F1 sponsorship is a vanity project - so MM can turn up at some future race dressed like a SKY TV presenter and pretend he's someone. In terms of effectiveness / bang for buck this money is being wasted. Something like Women's Football would offer a much better return on investment and it would generate goodwill towards MyProtein on several levels and in different ways that could have long lasting benefits if done correctly.
"womens football"? Really? Like is there people actually watch that? I must be old fashioned, what's this world come to 🤷
Be good to know how much that F1 sponsorship costs. It'll be in the millions certainly. Together with the rebrand you'd think MyProtein was spewing free cash to afford this stuff. Whatever the cost to the company, Moaning will see it as worthwhile no doubt when it means he gets VIP access. But I don't think even he can have missed the metaphor of finishing last and a non finish while Optimum sponsored driver wins.
He said it was "effectively free" whatever that actually looks like. He is a bit of a spin doctor so I wouldn't trust that to actually be the case.
He wants to be in the pit lane with trump Taylor and mcilroy when he should be sorting out poor shareholders who have paid for this shoddy show
If a deal isn’t sorted soon this is heading south 65m interest payments is horrible
CFO not touching it says it all
Wasn't it 'symbiotic' , THG provide fulfilment and ecom hosting in return for ad space, something like that.
Market has gone back into rate cut mode again:
'U.S. stocks rose Monday, with Wall Street looking to build on the previous session’s strong gains, after new jobs data revived hopes of the Federal Reserve cutting interest rates. '
https://www.cnbc.com/2024/05/05/stock-futures-inch-higher-sunday-after-weaker-than-expected-jobs-report-left-investors-looking-up-live-updates.html
As I said at the time, it's just a vanity project to no doubt get him and his circle in the pit lane. As the recent SP performance shows it's doing nothing for shareholders.
Well I'm glad you called it on the Miami Grand Prix Kua before I did as I feared as much and thought everyone's time would be better employed doing their own supermarket research instead.
I saw plenty of Darktrace, Redbull, Crowdstrike, Duracell and many other promo logos all over the place. Very little coverage of MP at all I'm afraid and even at the point when Logan Sergeant went into the wall all I saw were huge Rolex logos one after the other over all the crash barriers.
KJU if you wish to stick your head in the sand at a 9% fall in THG Nutrition revenues then good luck to you. Thankfully others like Ephemeral look like they have also been doing their own research on product placement instore.
I hold, just nowhere near as many as I used to and that is because I did my own research on MyProtein and also because I happen to think that not enough is being done by the present Board of Directors to lift the share price and make it appealing to investors. The binning 95% of advice recent comment merely confirmed those thoughts.