Member Info for Canary3

Well its very clear to me , they will pay the quarterly dividend of 29 cents amounting to 1 dollar 16 cents per annum for the next three years.

I think they will manage that and invest for the future of the company, and the SP will be dependant upon any growth that may come from here.

But of course that is only the current plan and i think it will be sustainable.

When the dividend as reduced they said this on the 18th of March, it reads to ne that the did vend wil be sustained at the new rate for the next three years..

Below is from that report.

In conjunction with the asset acquisition and following the Company's capital allocation policy review, the Board has set the new quarterly dividend to $0.29 per share which equates to $1.16 per year. This fixed quarterly dividend payment will be sustainable for at least three years and maintains a top quartile pro forma yield1, among FTSE350 and higher than a majority of US listed peers, while providing the Company financial flexibility to reallocate approximately $110 million annually of capital towards the other elements within the updated capital allocation framework. When combined with our planned debt reduction through amortization of approximately $200 million in 2024, the capital allocation framework will allow for an opportunity to meaningfully reduce leverage and remain within the Company's stated target leverage range of 2.0x to 2.5x. In addition, the Company will have increased flexibility to conduct a strategic and regimented share repurchase program, while also providing for the opportunity to make accretive acquisitions. The updated capital allocation framework will take effect with the recommended final dividend for 2023, payable in June 2024.

Cookson, who founded nutrition brand Myprotein and sold it to The Hut in 2011, had pocketed £283 million during the float – on top of the £58 million he made from selling his business nine years ago. His remaining 10 million shares, assuming he did not sell any this week, would now be worth £76.5 million.

Below is me.

He seemed to do all right, reading his post he doesn’t mention that he made over 300 million pounds...during the float and the original sale, The above quote is from the mail.

He also doesn’t mention that MM left the majority of his money in THG shares

I wonder why he posted now , and no doubt he has his own reason for not mentioning that he made 300 million pounds from it.

Could something be happening? Who knows certainly not me.

LOL

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.

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.

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.

The new arrangements to merge the Standard and premium markets will be in force on the commencement of the second half of 2024, ie from July the 1st onwards.

The proposals have been a work in progress for some considerable time and THG have saved significant sums of money waiting for the consolidation, i think THG are ready and prepared for this change.

Below is a summary paragraph of the position,

Next Steps

The consultation will run until 22 March 2024 (save for a shorter comment period on the sponsor competency proposals which closes on 16 February 2024, with those changes implemented by mid-Q2 2024).

The FCA is expected to publish the final rules for the new listing regime at the start of H2 2024, to be followed by a two-week implementation period before the new regime comes into force. As such, IPO candidates and listed companies undertaking major transactions will benefit from these major changes from H2 2024 onwards.

GL to all

I saw the post by C Spy and i read through his previous posts, he seems to have a holding and be underwater, like many of us i guess.

I read through his history this AM and it reads to me as a committed holder but very keen to see some action , i think he has been correct once or twice. So he knows more than me..which isn’t saying very much to be fair.

There are a couple of things that struck me over the last months, one is that THG are writing up about of new clients since the beginning of the year on the website, and the biggest one that made me think something is happening has been the appointment of a non exec director to ingenuity.

The departure of Vivek and the appointment of a non exec to Ingenuity is worth a comment IMO, Viveks departure you can make a case for either way and its not that unusual, but the appointment of a non-exec to a division rather than the board when the company only employs circa 7 thousand staff in total is is highly unusual, in fact i have never heard of such a thing and i have been investing for longer that i like to remember.

So it would not be a complete surprise to hear that something is happening..but as ever it is speculation on my part and just part and parcel of holding a position in a company that has a significant holding by the CEO and one or two key players so making things difficult for any players hoping to get THG on the cheap!!

Just my opinion and GL to all.

So in the not too distant future as we know the Footsie entry will be simplified and THG will become a member and that has a lot of implications for MM and the team, the most immediate is the THG will become a member of the footsie 250.

That means of course that lots of institutions will be obliged to buy THG at the next re-shuffle , which means of course that the share register will be much expanded.

This has a number of implications but the one that springs to my small mind is that life will become more complex for the board of THG and that earnings meetings will become far more complicated.

So bearing in mind City Spys post, do we expect MM and Co to be happy with this change of circumstances or unhappy, and what will their actions be?

Is this why we have no activity form our active investors , have they been tipped a wink?

Am i making up another story and started a hare limping ?

We shall see ..perhaps we might get some respite from the onslaught of posters posting a load of stuff..

Or is this another hare..

GL to all as usual , but i do think that we will see some action soon enough

In my mind the next move from THG will be to launch the frozen range that currently is sold in Iceland and has expanded rapidly since launch, into America...

Again in my mind they will have been gearing up one there to build stock to get out across their partner outlets, it will have taken time to get that done and hopefully this year we will see it come to fruition.

They already have a significant American operation including a top of the range auto fulfilment warehouse facility, the THG nutrition operation is a big deal and i think will one day be very valuable indeed.

I keep holding and will add if it falls to the low 50’s

GL all

They paid 300 million dollars plus a performance fee of 55 million for a business that made 19.7 Million Adjusted EBITDA the adjustment was for non- recurring costs, ( whatever they are). It turned over 86.1 million

That makes nutrition very valuable indeed if THG do a deal on it otherwise its worth what the market says.

It will be interesting to see what happens when the LSE finally publish their report.

The times has put up an article strangely neutral ..which i guess is positive. peel hunt were quoted and very bullish IMO,

'Peel Hunt, the broker, which recently initiated coverage of the company, said the results were “the first step in unlocking shareholder value”. It believes THG’s shares trade at a fraction of their fair value, and added: “We believe any move to de-merge Nutrition would accelerate that process.”

See what happens , holding as usual and if we hit the low 50’s i will be adding.

GL as ever.

This is very interesting thanks for posting..

GL

So THG launched pancakes in all Morrisons stores the other day not long after the Jimmies coffee announcement , these products have quite a long development time, dependant upon ingredients, degree of difficulty to prepare and create as well as taste and i am sure many other factors. ( I seem to recall that the initial trialling and testing lasts in the years rather than months)

For interest i had a count up on Iceland website of THG / Iceland products 48 products altogether, some quite complex so taking longer to create and gain approval, some single products IE cheese but nevertheless still needing plenty of time for development , tasting and approval.

So if we include the two mentioned THG have 50 products for sale.

The deal with Iceland was a 5 year deal with Iceland having exclusive in their territories with THG having the right to make and sell elsewhere.

It took say 2/3 years to get going with Iceland from initial approach to launch of first products , six or eight i think, now there is 48 available on line.

I would have thought that initial serious discussions with an Iceland equivalent, say in America, would have started about 1 year ago, so perhaps we are getting closer to an overseas launch of these products.

Certainly although the sales of said products are limited by the fact that they are mainly only available in Iceland, if a major took them up in America then who knows where it will go.

Overall i think THG would have dropped the idea if sales weren’t happening, i think, hopefully, that we could see these products being made available somewhere else in the world perhaps this year.

I remain very optimistic about THG and I remain very positive about MM as i am sure the company would be broken up and parts of it doing very well for PE if a more conventional owner /manager was in charge.

As Ever, GL to all

That is total turnover for the company.

Sorry

November last year 73.8 million quoted by zoom info and Kona equity.

So up a bit from there given that was 4 or 5 months ago

OSG- there are numerous companies on LSE that have turned down bids and now trade significantly below them there are also companies that have taken the bids and are now gone, some companies have tried to negotiate the price up, some succeed and now have gone private with increased offers other got turned down and the Share price has fallen away.

The fact is that the London exchanges have an appeal for companies that have funds and can purchase companies that are listed, you just need to read the papers to see that.

I am pleased that THG turned away what they heard as an offer that doesn't meet the medium to long term goals, other wish that THG had sold at 2 pounds or above.

Holders on here will have different views and that is investing.

I think if we hold we will get a very good return, however i may well be completely wrong.

GL to all

I will just say that i have listened to the attached interview twice and i think its the best thing to have happened in terms of talking about the strengths of the company for a long time.

It was also interesting that at the start the interviewer basically said , why on earth would you do this about THG he had completely written it off and indeed would have advised others to avoid because there are better investments around.

The two people being interviewed were IMO completely clued up and unemotional and i thought excellent in the delivery.

Finally i also think that getting permission from the in house management to do this in depth piece of research would require a convincing presentation.

Very good stuff indeed.

Well i just popped in to see what’s happening and bought a tad more....

You can't make it up, but TBF there appears to be many shares that have been and are severely undervalued on LSE , hopefully we will see our patience rewarded..

GL to all

They are always both, i know people that have got millions when it went well and i also know people that thought they had millions and ended up in the poorhouse.

The question is which end of the spectrum are holders going to end up, currently they are well down...

However i still hold and i am currently looking at red figures...see where we are in 6 months or so..

GL to all