Member Info for Monty888

Retailer Boohoo has been found to have mislabelled items of clothing made in South Asia as "Made in the UK", according to a BBC investigation. A Panorama investigation found the company removed the original labels on T-shirts and hoodies at the retailer's controversial factory at Thurmaston Lane in Leicester between January and October last year. A spokesperson from Boohoo told the BBC the mislabelling was an "isolated incident" and a result of "human error". "We have taken steps to ensure this does not happen again." Boohoo is considering closing its Leicester factory and relocating operations. The company said less than 100 employees at the Thurmaston Lane factory may be impacted by the closure and it expects "some roles will be relocated". The clothing retailer said the plans to shut the site were not related to the findings of the Panorama investigation, adding that due to "significant investments" at its Sheffield and US distribution centres, it must take steps to ensure it is a "more efficient, productive and strengthened business".

The T/O is all noise, MM wouldn’t open the books to due diligence and if he had it would have been obvious the acquisitions are all over valued on the books and Ingenuity’s customers are nearly all THG held. MM holds all the property freeholds as well. MM needs to step aside and let a new team run THG who is interested in releasing shareholder value which I suspect is nearer to 200p than 500p float price. Problem is how do we get him to sell up and go. People say he’s good as business start ups but truth is he conned and oversold what is company a long was a way from a profit after tax. I’m very heavily invested in THG but pretty sick of MM and his arrogance and antics now. (Time for a change at the helm).

Another very smart move from Sandy and team that creates capacity for their existing protein products and adds to the portfolio. This share will back over 200p as soon as UK markets get normalized and great companies trade on their appropriate forward P/E ratios. 😊

Hi Omar,

Where are getting your estimates from?

I can’t find any data on their FY 23 Y/E dividend, I’m just hoping it will be 50% of previous year…..

We we had our year end trading statement on 17th Jan last year, I would assume we will get the current one around this time this year. I hope the fall in SP is not insider trading because the update will be disappointing - Stressful times right now 🥸

The offer was subject to due diligence, frankly with MM’s acquisition valuations and being the private landlord of a lot of THG’s sites etc I think any buyers would have walked away or reduced their indicative initial offer. I suspect real value right now as previously shared is 150p to c.200p but thats based on little data as we don't see splits between Interco charging and independent customers on Ingenuity which is still a total flop costing more than its net profits thats for sure. I just hope that MM himself decides to release the value and split the group up, my sense is all the value is in Nutrition and a little in beauty and probably next to nothing if Ingenuity was sold with debt.

What’s missing is - Is this a vanity project (smells like it). Does it make a profit after tax or like so many of MM’s spins - No profit now and not for the foreseeable. Generating positive cash and removing Non Value Add should be how the business is run as required by all its owners (us shareholders).

Well last years dividend was 4.5p per share exd: 2nd Feb paid 2nd March. We are sitting on £45M of net cash now, so can easily pay a decent divi again in 2024. I’m thinking they will likely pay 2.2p which would be a nice 3.8% based on current SP. They might want to preserve all their cash to complete current projects but hopefully not as they have historically liked to reward investors with decent dividends. What are people’s thoughts regarding the next dividend possibilities please?

North Again 🤪

Not sure about the ‘Head & Shoulders’ personally but it does look like the dust & dandruff is disappearing and with shortages of student rentals and the chancellor looking to keep the housing sector buoyant and it seems to OK. I think the 3 land sales of which just one would be quite transformational and the cash on hand is excellent, this will all about the next results and condition of the balance sheet. I think with the new leadership and some hard lessons learnt WJG could do really really well in 2024.

MY FAVOURITE PART IS:

Seeing Machines has now been appointed to deliver 17 expanding programs for 11 individual OEM customers, building the cumulative initial lifetime value of all ongoing Automotive programs to US$366M, with most of that revenue expected between now and 2028.

I’ve sold up, lost patience now. We have been told and given the impression this is the easy instant easy to apply replacement for viagra, cialis for more than 5 years and their coated condom Called Blue diamond seemed not to work as it’s totally forgotten and other partners never renewed contracts with FUM. If this is really great it should be spreading across the world and all over global news etc. something doesn’t seem to add up and only ones getting rich are the BOD who did a fund raising at 7p. GLA - Hope it does finally come good for those more patient than I.

Stars - You sound jealous you missed out the 19% uplift yesterday. You would be surprised to see CAB at 50p, I wouldn’t be surprised to see it at 100p 😀

He can jack up the leases and vote for lease renewals. The details are not properly disclosed and if the leases are short term he has defacto total control in this way. More powerful in reality than holding a golden share and not being the landlord. There should be a law against this stuff but there is not.

Beam yourself back to earth greygeorge - No stampede at all, just a nasty little price drop.

MM as the landlord and owner of all UK THG facilities (They don’t belong to THG DYOR), effectively has a defacto golden share by the back door….If you try to take over my company I’ll jack up the rents so high, I’ll be the only ace in the pack making any money. Our best hopes are for him to partner QAI and make a bid, can’t see any aggressive bids working which is probably why no companies are bothering to bid now even with the golden share gone. MM can keep running THG as his own theifdom as he has all the cards he needs firmly in his hand. Kelso are noise makers that will sell THG at a profit and find more fertile grounds elsewhere. If THG can show a net profit after tax next results it will attract make it investable in its current form (If MM stepped away it would be more investable). I’m deeply invested here but uncomfortable that MM has all roads down up to his own behest and sadly that’s destroying true shareholder value. I’d vote him off in a heartbeat if I could. He has no clue how to run (extract value) from the company he has created unfortunately 😢

Yes - Two show stoppers to a T/O. MM owns all the buildings and him and friends are majority shareholders so can block opening up the books. Only hope is MM gets it making money and does a split. He could take it private with his own buy out at say £1 with his majority shareholders. What / Why would he need to pay more?

Golden share gone, are you aware MM purchased nearly all the THG buildings in HQ freeholds when it was out of cash. This is my single biggest concern as an investor. My point being it’s worse than him having a golden share almost

ahananda your a jack ****. thg has yet to make a net profit. when it was between 500p & 800p mm was giving everyone the impression it was going to fly to the moon at the speed of light with ingenuity at the front. losses are being reduced but not fast enough, revenue flattish. so real value is hard to say but it’s not more than 150p now. if the divisions were split then the break up value would realistically equate to somewhere between 200p to 250p. i’d like to think we could be vulnerable to an aggressive bid but fear not as much worse than a golden share mm owns nearly all the free holds personally that thg does business in. it’s totally inappropriate and stops thg being truly vulnerable to market forces eg: a takeover, how do you buy thg when the keys to all the buildings belong to a landlord that you have no control over. i still think thg is worth around 150p if next results are around break even bottom line but not much more. i’m in big and long and wish we were worth the price at float but i’m also a realist. gla

Halogen free or TOTP plastics and other alternatives are optional. Bigger question keeping it simple - Is vaping growing vs combustibles (Yes). A sensible solution of either recyclable plastics or refillables will be the new norm, is SUP light footed enough to adapt and be profitable as changes come through (I’m a believer that’s for sure). The results of the 5 divisions will continue to grow I’m sure due to the excellent way Sandy and team run the business. I’m very surprised the SP isn’t at 150p to 200p based on latest numbers. They we over 200p when their eps was lower.