Member Info for jedclampit

Don't think it helps when you get this press info first thing.

THG reports weaker interim earnings but the e-commerce firm says it has "gained momentum throughout the first half". THG's pretax loss in the first half of 2025 widened to GBP66.7 million from GBP56.4 million, it says. Revenue weakened 7.6% to GBP783.4 million from GBP848.1 million. The firm has undergone some changes recently, which leave it well-placed to move to a net cash footing, it adds. "The successful THG Ingenuity demerger at the start of H1 alongside the Q3 disposal of Claremont Ingredients to Nactarome Group for GBP103 million, puts the group on an accelerated path towards a net cash position, with the H1 2025 refinancing securing long-term committed facilities," THG says. "Trading momentum from Q2 into Q3 continues to build positively, with the strategic model changes implemented across both THG Beauty and THG Nutrition throughout 2024 now bearing results. This momentum underpins confidence in full year and medium-term outlook." For the second half, THG Beauty is expected to see revenue growth of 1.0% to 3.0%, improving from a 5.9% decline in the first. A THG Nutrition revenue surge between 10% and 12% is predicted, picking up speed from a 3.1% rise in the first half. THG says: "As we now enter peak trading, THG Beauty has returned to growth, helped in part by annualising the impact of deprioritising selected low-margin European and Asia territories, alongside strengthening home market demand. Advent season has been the strongest launch in history across LOOKFANTASTIC and Cult Beauty edits." It continues: "To drive market share gains across both D2C and offline retail, Myprotein will limit price increases in H2 2025, further supporting growth in new customers and enabling an acceleration of its installed base in global offline retail."

So the way we are going it will be 5 years before the SP gets to £1+, So all the time we have a leader trying to run 2 companies and doing none very well.

can see the SP going down to 25p at this rate.

It's about time THG was taken out by someone that knows what they are doing. Will be interesting to see what the brokers and the city make of this.

But you can bet APN are sitting there laughing and wondering when is the time to make a move on a takeover because THG are NO threat to them.

So when you compare APN with revenue up 24% year-on-year to approximately £107 million (FY24: £86 million) and adjusted EBITDA3 up approximately 19% year-on-year (FY24: £26m).

THG are doing many things wrong. No wonder the SP is 28p-30p when APN IS £ 1.60 ish

Yes I thought there would at least be some good news with a little more content with some changes in staff and more plans etc but no, so same old thing for the next 6 months.

Good morning Pearls, I think we have different ideas of excellent.

Is that it, No good news. Rev down, Gross profit down, Ebita down, Debt about the same, and all jam tomorrow again again again.

Wasn't worth all the wait. About time we had some good news and can't see the SP doing anything but down.

I think the burning question is WHY was this RNS put out so last min and so short notice. Was there yesterday an offer made that MM turned down and didn't want it to be over shadowing the results when they came out.

There must be more than the results coming.

Was beginning to think I missed a good buy in but now think it will go down a little more for the close.

Can't believe we are almost down to the all time low of 23p, will it stay like this until results clear things up ?

Maybe they need a rights issue to raise what £500m to reduce debt but SP will dive to 10p-15p before it starts to recover later.

Yes but maybe that's the big problem. They need a way of reducing it fast.

All this time waiting for things to improve and SP to hit 89p ish, I have a good mind to sell some and buy more THG and now MCG as a gamble.

Can it be any worse.? and might even make a little profit quicker.

Looking at the numbers again I think the biggest problem seems to be the debt.

Debt to end June was £1.292bn and although they do have the sale money from US of £273m to come off this it as it was paid after half year numbers it still leaves what £1bn + debt.

So even if they hit the £180m + profit for the year just how do they pay this very big debt off?

Maybe the city guys have the SP about right at 24p-28p. what do I know but just a thought.

Sorry stanleyb, you can't rely on as per previous company statements.

No one trusts MM, but I will be very happy if the results are very good and we have made progress in any areas.

Yes stanleyb, I posted all that many weeks ago saying the up-date only left about 5 days of trading off the numbers, but we all know MM and the results when published will not be as expected will they. It's all about how different they will be and what he didn't tell us before .

I think we all know what's coming , it's just when it turns up.

Lorenzol, I bought and sold these in the summer and was convinced these results were going to be better and was going to buy in last week, but thought I would just wait a little not wanting to be caught out so just feel lucky at the moment.

Will still buy back I think in a few days or later today if they go down a bit more. However I do think they might also jump back up today and could miss the boat.

Sorry now down about 20%, soon be a good buy in

Well down 12%, someone's not happy.

Come on tom, don't hide the truth and tell us about ITV not 2006 jobs. that just doesn't wash.

Should be out next week if we go by last year, but you know MM he won't tell the market when they will come out but just release them on a day he chooses.