Member Info for MrMagorium

Graham, you are entitled to your opinion, but if you were to consider the data over the last few years, in general there has been a strong shift towards more healthier ways of living, including lower sugar diets.

What Kelso highlight in their RNS, is that MyProtein alone, appears to be being valued at a substantial discount to similar companies when considering a revenue multiple of EV method.

"THG has announced this week the sales of its nutrition business, including MyProtein, as being c$800m for the year ended 31 December 2022.

Kelso identifies two listed pure play global health nutrition companies, being Celsius Inc ("Celsius") and Bellring Brands Inc ("Bellring"). Celsius, with sales of $654 million, trades on an EV/Sales of 10.8x and Bellring, with sales of $1.4 billion, on 3.9x."

So being overly prudent, if MyProtein was valued on a multiple of let's 3, that could suggest a 2.4 billion valuation.

THG currently trades on a market cap of circa 1.2 billion.

Notice all resolutions were passes at the recent AGM, but when was the notice of AGM given? And what exactly were the resolutions that got passed.

Instead of shooting his rockets, he's trying to shoot Amigo to the moon.

This is the same company that thought it's growth potential was undervalued at a market capitalisation of 6 million. It then proceeded to sell the primary operating subisdiary for 1.2 million, as being the best option for shareholders, only a few months later.

It then claimed 500k net proceeds distributable to shareholders, but due to the company now maintaining a listing, there is expected to be more costs incurred.

It's trading at a value of 250-300k for a reason.

Once the notorious bottom feeders get on the bandwagon, the SP gets ramped, people make a few quid.

Looks like some got greedy, and have been caught from the jump yesterday, which isn't hard with the spreads being the way they are.

Will it bounce again though? It seems very Likely, but certainly roulette territory at the present time and someone could end up losing their shirt. GLA! DYOR!

"Eminent Delisting" and what logic is that based on? Doesn't appear to be an RNS to that effect.

Understood xxpro, based on this company having very little in the way of tangible fixed assets, it does look like senior debt finance may possibly be out of the question. Only options I can see in for of debt, is some form of mez finance, with the corresponding dilutive warrants being attached (often coined as death spiral finance). Not a fan of those type of deals at all, as i'm sure the management here wont be, but sometimes companies have to swallow the pill.

If they could get a placing, at or around the current price. I think that would be a great positive.

AIMHO, DYOR, GLA!

Anyone got a view on the requirement for a fundraise in the near term?

Nice movement, hope those who lost on this initially have made a few quid!

Question now, when will volume fall off the cliff?

In my view, if an institution dumps at such a price, it's usually one of two things. Either the investee no longer meets the specific investment criteria, which therefore forces the institution to divest at a specific threshold. Alternatively, they are privy to something the market hasn't yet factored in and in their view it doesn't reflect well for the future of the business.

Covers interest roughly 4x out of Opex. There are companies in much worse circumstances renegotiating covenants.

DYOR! AIMHO!GLA

So are you guys saying Amigo should/should have stopped lending to people who can't obtain credit via a bank?

Isn't that the whole reason Amigo existed in the first place?

Unbelievable that this is still allowed to trade. It's such a low market cap and open to Manipulation. BOD have confirmed zero value expected to SH on wind-down, yet it still trades. Doesn't make sense.

Not in here, but keeping an eye for an oppportunity if it presents itself. When an SP crashes 40% without a meaningful announcement; it does make you wonder what's causing drop and what announcement is being lined up behind the scenes.

AIMHO.DYOR.GLA etc...

The fact they have brought via the secondary market, has benefits in itself, it indicates they have confidence in the growth of the SP. Why would they invest at current levels if they knew a discounted placing was on the horizon, which would dilute their holding. If KDR did do a placing; it would be highly likely MS would participate which IMO strengthens the investment potential.

AIMHO, DYOR,GLA!

Poor, we can't just vote them out, without having two replacements. There is a minimum requirement for at least two directors of a listed company.

https://www.legislation.gov.uk/ukpga/2006/46/part/10/chapter/1/crossheading/requirement-to-have-directors?view=plain

New website guys :) from smallest acorns mighty oaks grow!

I'tsArmageddon if we get an RNS regarding a reversal.

GLA! AIMHO!DYOR etc etc...

Ade2017, Morgan Standley has an abundance of resources to complete the appropriate financial analysis necessary, to make a solid investment decision. Judge the SP movement on their actions, as clearly they see significant potential in KDR, by taking a slice.

I've never seen such institutional investing for such a small market cap business. Clearly a positive signal to the market that this could be a sleeping giant.

"Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 41 countries and more than 75,000 employees, the firm's clients include corporations, governments, institutions, and individuals."

DYOR AIMHO GLA!

I've topped up prior to the New tax year, why? It's looking too cheap for me and I expect and influx of buys in the new tax year.

GLA, DYOR, AIMHO etc...

Nice to see this once cooking well... is 2023 going to be a big year for diamonds? Time to find out.