Member Info for Icouldntcomment

Here’s all you need to know about our illustrious Management team.

APN Market Cap. £409m

THG Market Cap £359m.

This should be impossible, but there it is.

Don’t worry though, in the upcoming half year results you’ll get your bi annual spoonful of Jam ……….. tomorrow. Actually they should rename THG to JAM, …. Just About Managing.

I love some of the comments; Matt’s going teach the shorts, the turnaround is coming, yada yada. The lottery is beginning to look a safer ‘investment’ for your money.

Indeed Stan; that paragraph should on a slide displayed to the Board at the start of every meeting. Otherwise it’s just another throw away statement from Moulding to beguile investors one more time. I really don’t know why the big investors put up with it and don’t fully hold him accountable.

There’s a great big irony in selling ‘the parts’ like Bentley Labs. It is this. Although a good selling price would indeed pay off the debt, etc, it might actually force a negative re price of the remaining business. The more a subsidiary business sells for, a reasonable assumption would be that it makes more of a profit. If this profit is then gone, the EBITDA of Remainco falls. Selling subsidiaries simply provides a debt/cash feel good in that we are not imminently going out of business.

Of course APN share price rises in line with its profit. I don’t think THG share price will substantively rise until the core business starts to become as confidently robust as APN.

When Mgt hope that whey prices will fall, hope margins pick up, hope that the city and investors see their business in a different light, etc, ……. then they are not really Management. They are opportunists hoping things go in their favour in spite of their actions.

Stan, just opened your link. Are you really that dumb? First, Johnson packed the BBC with right wind t#ats who Starmer has been too weak to remove. Secondly, ‘Border Farce’, really?

Stan, which one person is to blame for the Border Farce …. did you get it, Nigel Fartrage. As head of UKIP he campaigned and lied like hell about Brexit. ‘The Boats’ are a direct consequence of Brexit and the boats started in 2018 thanks to Mr Fartrage. The tories made it a political football. It was never a Labour problem although they are left to deal with it while Fartrage snipes from the sidelines.

For gods sake man, read the big newspapers!!!

All this talk of MM taking it private. Not saying he wouldn’t try after ingenuity fiasco, but does anyone really think the II’s are going to stand for it. He’d have to let them roll in and then what the point.

APN UP 7.5% right now. APN has over taken THG with just over £105m sales!!

APN Mkt Cap. £411m

THG Mkt Cap £403m

End of day today;

APN Mkt Cap £382m

THG Mkt Cap £393m

Back to parity almost. THG BOD really need to deliver, this is shameful. APN went up another 3.4% today.

Last Director Buy was Oct’24. So why are they still not buying at these prices. It’s whey lower than when any of them have previously bought. Are we in, or still in, a Closed period?

The SP has previously hit 24 this year so it’s a simple way to push for a double bottom. What’s the reason, persuade investors to sell cheap for shorts or a buyer(s). Furthermore, putting a price target from 28 to 24 hardly seems to be worth the effort unless there is an agenda. And we all know the current price of 30.50 undervalues the business.

On the upside, a bounce off a double bottom is the mother of all buy signals. So, the long and somewhat distant road to recovery might actually start at that point. I won’t hold my breath though. The view of the business at APN is a clear view of the BOD, strategy and results. There’s nothing there to muddy the water and give doubts. Not so here at thg. A conflicted CEO running both businesses, an unpopular and ineffective Chair and an inability to get to grips with operational detail, sales and margin. Compare the clarity of the APN statement to what we are used to.

The crunch for THG is coming. If the RNS for the half year results in Sept doesn’t show and state, a very positive EBITDA and FCF for the year end, then we’re done. They just can’t after the demerger and everything else, come out with a vague jam tomorrow statement. This half year has to be the turnaround pivot.

I would say Hype that the half year results need to show sustainable retained earnings and the BOD needs to take an action such as dividend or share buybacks to demonstrate this. Otherwise investors will rightly assume that the year end will be the same as last five years and all profits will disappear in a blast of previously unannounced exceptional costs. The demerger was supposed to end this, so it must end this year.

No!!! That’s not enough.

Any financial person and or institution loaning out shares for shorting must be made to snog Yvette Cooper. This is the only way you can guarantee they will stop.

Anyone with and or up ticking this message will be proscribed as a terrorist organisation.

Stan, this Labour Govt certainly isn’t too left. Where were you the last 14 years when the tories gave us an unnecessary austerity, Brexit, economic crash from the lettuce putting up mortgages, massive inflation, triple national debt, stole £1.2bn during Covid and broke every single public service. But yeah, Labour will fix it anyway.

Ps read the guardian or FT then you can give your imagination a rest.

Why is the Chairman still in situ. He only got about 80% approval at AGM.

Just painful being here watching this until September half year results.

First hour today we’ve dropped 1.2% on just £40k worth of trades.

For Beauty it’s a Margin growth story , read the RNS

Pieces of news you want to hear tomorrow;

1. THG will start to pay a Dividend this year.

2. Lord Allan is stepping down and will be replaced by Non Exec Chairman, Michael Ashley.

3. The company will begin a search for a new CEO.

Jed, I think that credibility boat sailed a while back. If he had any self awareness he would have already stepped down.

Re; MM and GLA.

With destruction of the share price, the lies, MM selling himself about 180m shares at 32p when 170 was too low for anyone else, the balls up demerger, the constant write downs and erosion of profits, exiting the ftse 250 after one qtr, etc, etc. One should expect shame would be the thing to make them step down. We will see this week what they truly are.