RE: Beauty Tailwind '2531 Dec 2024 17:56
I think it’s a bit tenuous for an SP improvement Kim. Whilst it may feed through into sector support the THG issues are intrinsic. A corporate governance overhaul (inc. MM stepping down as CEO (but remaining on the BoD)) and main listing would do wonders for SP valuation. At this point market comparisons on both beauty and nutrition become possible. Hopefully this happens in Q1 and what you suggest is a tailwind Q2/Q3. - but - doubt it will. There seems to be no effective ‘check’ on MM; GLA has proved impotent in this regard.