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Yes,Softbank as we all know were a forced seller at the time and I suspect Blackrock took the decision to reduce based on asset management criteria and the contrived campaign against MM by hedge funds,the City and the media.
Declared shorts are now 0.7% as Wace and co have fully exited and there has been no Insti reductions since then.
Manc, how many shares do you claim to own and if you're selling on Monday(yawn),post your trade/s quantity before you execute so we know.I suspect you won't.
THG's proper investors(not the fast money like you) are sitting tight,do you think 3 years is a long time by their investing criteria?
Wace and co exited,suspect they understand what Nutrition in particular is going to become. Not sold off tomorrow but grown into a multi-billion global brand.
Sell up and sod off.
A strategy has been made clear. The issue with the whingers on this board is that it is not the get-rich-quick strategy they want.
This board is full of the 'fast money' that Matt quite rightly has contempt for.
Crack on with the expansion of Nutrition Matt.Products now in 220 Sainsbury's stores.Awesome.
Go buy some Crypto or whatever.
Kelso have 'darkened?' because they want Nutrition hived off and instant gratification as most of you whinging numpties want.
Nutrition is the Golden Goose and you muppets want to effectively kill the goose.
Patience and allow THG to continue to let it expand and then start banging out golden eggs.
It's called investing.
You lot can't see beyond your noses.
"THG had a strong H1 beating all profit and cash expectations, delivering £50.1m of EBITDA, up 23% 💪 The cash performance of the Group improved by a massive c£350m compared to 12 months earlier, even after investing a further c£160m into Tech and infrastructure.
Last year we completed our major investment in THG’s global infrastructure network, and so we’re now focused on reaping the rewards from those years of investment.
Nutrition is flying, delivering record H1 Sales of £341m. Profits rose by +72% to £47m, driven by strong margin recovery in Myprotein. Last year we supported Myprotein customers through the cost-of-living crisis, reducing our margins as input costs ballooned.
This strategy is paying off for Myprotein - not only holding onto explosive 2020/2021 Covid growth, but continuing to grow through 2022 and H1 2023, despite the global re-opening of high street retail. "
You carry on shorting or whatever it is that makes you feel better about your miserable selves and I'll keep buying at these depressed levels.
You may think the mood has changed because all you read is from about 10 people on this board all with a single agenda to badmouth MM. You want to get taken in by the likes of Manc and co then more fool you.
Read Matt's LinkedIn post for the progress being rapidly made.
Manc….’you’d be surprised if they put in writing that they see a 200% uplift’
Their latest broker note states a £2.20 target based on sum of parts.
From circa 70p this is exactly what they have stated.
In black and white.
£2 min. Just wait it out. H2 will see the full impact of whey price falling off a cliff,headcount reduction,no associated costs of exiting Ondemand/ProBikeKit divisions,Beauty manufacturing orders back to normal levels.Think they've been conservative with the guidance.
They don't like him because he calls out their blatant corruption and market abuse.
I have every faith in Matt. Ignore the barrage of abuse on here from those who are short or just enjoy abusing leaders because they have failed in their own lives and crave responses on bulletin boards to make them feel better about themselves.
Another 500 staff have been shed as the automation they have set up no longer requires their positions. That tells you that THG is getting past the development and towards the fruit.
Read his LinkedIn post for a dose of truth.