Member Info for Mike12345

Why are you still here Steve, no helpful posts ever. Its not only wasting our time reading your posts but your own time as well. I am here to make a good investment and to share/receive information to make informed decisions.

- no tariffs imposed and in my opinion, unlikely to be imposed.

- Mike Ashley did not buy without considering such impositions.

- Panic selling is causing the drop due to uncertainty. Imagine selling at this level, finding out no tariffs (potentially improved trade with US due to higher competitiveness compared to EU/Canada/Mexico). This could potentially be a good thing for the UK.

- This is a bargain price in my opinion

Why is it make or break today / Monday? Is it due to CRML shares?

Thanks

Given covenants test is upcoming could there be an equity raise? Maybe they are struggling meeting it? Would be ashame if there was a raise

Hi Yespsb I copied my own post aha?

Steve a lot of negativity from you which I do understand, been a tough few years for THG. The ship is literally about to sail in my opinion north however, look at my points below. please provide some fact and logic why this is going down? It’s now just become a cash generative business without ingenuity. It’s like a parent now without their child, lots of money to spend now 😂

- The demerger reduced significant investment in Ingenuity and reduces debt significantly. THG can now begin to repay debt, and begin being profitable.

- Passive inflows for when THG is included in the index. Better governance and clarity for investors.

- Rebranding complete and partnerships left right and centre - Muller, Jimmy Coffee.

- Reduction in Whey prices incoming.

- Potential VAT exemption.

- Back to growth in terms of revenue for Nutrition and Beauty.

- Capex reduced from £100m-£110m to £20m.

- Revenue for ingenuity counts for less than 10% of total sales for THG.

- Gold share for Matthew Moulding now gone.

- No shorts left in the game, none that we can see at least.

- Placing and demand at 49p from institutions and Matthew Moulding.

This is certainly interesting, ill add them as i have not looked at capita before! i agree name change would be good aha!

Thanks Glowacki for tips I’ll defo check out m&s. Greggs I feel has been overweight for sometime but defo on radar. Wood group I’m waiting for the accounting review, very undervalued at the moment but want some certainty

Any suggestions ONS?

Interesting Keh thank you, ill take a look! They aren't too small which is good and lots of liquidity, invested a few times in non liquid stocks and it has killed me

Can anyone provide a stock that has more upside potential than THG that is not a small cap / AIM stock and does not have a ridiculous spread? I personally cannot find a stock elsewhere that I feel is as undervalued as this. Genuinely any ideas?

I agree valuation is low. Problem here is the low profitability but this should start improving due to lower finance costs, normalised commodity prices, increased revenues and ingenuity gone. Ingenuity from research has had nearly £1bn of investment, although I can only see just over £500m since 2021 accordingly to annual statements. A lot of money. I cant say a valuation but I can say I believe based on logic that it should be higher than it is.

I do agree here, ingenuity has been a sinkhole for cash. That over now though and hopefully debt reduction, profit increase. I wouldn't be surprised if institutions are now getting involved over the next few weeks, let's see.

My final thoughts are this:

- The demerger reduced significant investment in Ingenuity and reduces debt significantly. THG can now begin to repay debt, and begin being profitable.

- Passive inflows for when THG is included in the index. Better governance and clarity for investors.

- Rebranding complete and partnerships left right and centre - Muller, Jimmy Coffee.

- Reduction in Whey prices incoming.

- Potential VAT exemption.

- Back to growth in terms of revenue for Nutrition and Beauty.

- Capex reduced from £100m-£110m to £20m.

- Revenue for ingenuity counts for less than 10% of total sales for THG.

- Gold share for Matthew Moulding now gone.

- No shorts left in the game, none that we can see at least.

- Placing and demand at 49p from institutions and Matthew Moulding.

Remember share price rises before good news, it's about being forward looking. Good luck all, this is all my opinion and also facts

Can we see a blue finish? Let’s hope

I think you'll be killing yourself in a few months TsAndCs. THG is significantly undervalued and if you are using APN as a benchmark, then we should be at least 3x 4x. Its true APN is profitable. The value in THG is that it had so much growth, this now needs to transpire into profit. Do you really think a £2bn revenue company cant turn a profit? you're telling me that they cant do the same as APN? are APN using robots instead of humans? I think not. Its the case of growth over profit, THG realise this and now are looking to cut costs (demerger) and become profitable. They are in the strongest position they have been since inception and anyone here can now buy in at the lowest share price its ever been at. As a long term holding institution, now is certainly a time to buy. - All my opinion but hopefully logic resonates

THG is now:

- cost cutting, leaner and more focused.

- primed for growth

- debt costs lower and debt lower due to demerger

- whey prices on the drop, Myprotein rebrand complete

- Passive inflows from March, Golden share removed

- this is an opportunity for the lowest price ever when the share is probably in its strongest position since its inception

All my opinion

Past few weeks millions of shares have been traded, with literally no movement in the share price. Yet a few trades today with buys outweighing, cause a drop i share price. Not making much sense

TYLO apologies thank you for that, oversight on my behalf it should be £9m + £3.3m so £12.3m net assets once notional debt reduced to £5.3m. I have just checked the rented asset is included in the property plant and equipment value. still double the NAV right now. The £3.3m would be accrued before the sale of the rental devices i presume.

The notional debt is the debt that will be left after rentals returned and sold and confirmed cashflows,so it give s an accurate figure of what the net debt is. You mentioned a valuation of 28-42m and then you took off the debt of £13m from the 28m (being circa 15p). Actual notional debt hoever is £5,3 so the 28m would fall to 23m (circa 23p). hope that clarifies.