Member Info for 100notout

Yes Shabz83 I agree and hopefully when the hedge funds foxtrot oscar THG will get a proper valuation. MM has managed to reduce debt from over £560m a few years ago to circa £230m as of today and if the VAT comes back it's going below £130m so not much is needed to get in a cash position. MM uses EBITDA figures and the main problem was the interest. With that gone then it will be game on, we won't need a takeover to get this over 75p.

2.5m

The hedge funds are the con artists. They will get their comeuppance sooner than later.

If the VAT reclaim comes in and if an asset is sold off to remove debt then this should go over 50p. Hopefully we are close to this outcome.

MM can stop a hostile bid because he has 25% of the company. If a bidder emerges they will have to deal with MM and he won't sell it for 40-50p and he equally will not be buying at that price as shareholders will not accept it.

He won't buy it for 40-50p as he has refused an offer for Myprotein up to £600m which he stated seriously undervalued the company. I think he will sell something soon to get into a cash position. Then the hedge funds will probably foxtrot and find some other poor company to bully.

They have a lot of shares to buy back.

MM probably doesn't mind being shorted as he will increase his holding to just under 30% on the cheap. The hedge funds are playing a high risk game at the current price.

I don't buy into the agenda that if the VAT rebate doesn't come the share price will fall. It's what the shorters want you to think but the rebate in reality is a bonus and will reduce debt and only then will MM be able to update the financial forecast. At this point the brokers will increase their targets to more sensible valuations similar to APN and Huel.

Shorts have increased. I wonder if they have some inside information with regards to the VAT update. It seems rather odd they continue to suppress the share price at this level.

The hedge funds have had control of the share price for some time but a positive outcome with the VAT man along with even a minor asset sale should get this past 50. I don't think we are far away from this scenario. This shouldn't be below 50. Any rumour of a takeover and it would probably rise to the 70's.

Ingenuity seems to be helping Huddled as the chairman cited the key decision of migrating to THG Fulfil. Their revenues have increased by 44%. Pretty positive.

THG Fulfil have also partnered with Mirakl. Great to see new partnerships.

MM's holding alone is enough to block a hostile takeover but that's not to say if MM was offered a fair price he wouldn't accept it. He sold Claremont after all.

As Kelso have pointed out there is a huge disparity between the SOTP value and the Mkt cap. This imbalance with the current market activity won't last for long. Someone will want the worlds largest online sports nutrition brand. My money is on Mars buying at over £1Bn possibly up to £1.4Bn.

I would have thought that Myprotein could fetch £1Bn plus. There have been a few deals in the sector and surely it's just a matter of time and you would think that the hedge funds shorting must be aware of this scenario so why are they short at this level? When MM was talking about an asset disposal most would have thought it would be ESPA or Bentley labs but if Myprotein is sold for £1Bn + then the share price will really rocket.

APN has a mkt cap approaching £700m while THG's is close to £500m. I think the valuation will change once the debt is clear. let's hope we don't have too long to wait.

Mars have extended their product range with Myprotein as they have now launched Bounty impact whey protein. You would think that Mars would be interested in buying MP, perhaps this is a trial before buying.

Easyjet is the latest ftse 250 target to be a takeover target. I doubt it will be long before someone has a go at THG. It's ripe for an offer but MM has been able to pick up more shares to get a holding above 25% (thanks to the hedge funds) to block any bid that he thinks is unacceptable. I wouldn't be surprised if he has already had a few calls from interested parties. He claimed that many contacted him when the share price and debt was much higher so it's not unreasonable to think someone will make a bid now.

Well we know the debt interest will fall as debt was £560m a few years ago and is currently around £230m and could reduce further with the VAT reclaim and asset disposals. This will put THG on a fair footing for comparisons but at the moment THG is going for scale and brand recognition.

The directors were all reelected last year with the majority receiving 93% of the shareholders vote, with the Chairman receiving 80%. Why are the short posters wanting the removal of the BOD as if they were so bad you think they would want them to stay in place. Strange that.

Ask yourself where did they get their stock from and when is the use by date. You can get free food from Waitrose for their products which are coming up to the use by date if you wish to look in their bins. The beauty brands owned by THG are very well respected. Your shorting crew must be a bit desperate to come out with rubbish like this.

Surely they would have to issue an RNS as £78m is a material amount. That's about 15% of THG's MKT cap.

If there is no apeal then HMRC will have to go by the decision of the judge and pay out accordingly to all companies that have been paying VAT on qualifying powders. The VAT rebate will bring in circa £78m which should be the catalyst for a sustained rise in the share price.

With regards, to Spacex I think I will give that a miss considering todays news of Blue Origin. I don't think even MM could turn so much money into smoke in one day. :)