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I thought the exact same Pearls and I see Warpaint also picked up the make up brand BarryM out of Admin for an absolute song.

This one defies all rational logic, but has been doing just that for years.

Best just to switch off and wait for external factors to drive the share price up (Approaches, Bids, Well founded rumours). In all honesty it's hard to see it coming from within.

Crafty I don't think Mr Moulding distinguished between high and low margin.

All he mentioned was that they had sold a 1/2 million leggings.

Old or new stock those are being given away and it's hard to see any of those sales being profitable.

I was only saying you probably don't want to go deep into this, but you clearly do.

Best not to go too deep on this topic when you see what price MyProtein Leggings etc were discounted to and selling on MandM.

Irrespective, THG should rise further again tomorrow you would think being as American markets continued to rise after the UK closed on Friday.

It became THG Ingenuity Cloud Services. So the £50M (and they added onto it) was transferred to Ingenuity on demerger I believe.

Yes it did sell a few days back and Business Cloud reported on it.

No disclosed terms of the sale (so probably sold at a loss)

Money in the bank for Ingenuity. Wouldn't surprise if THG Ingenuity got saddled with any losses.

Just reacting to a decent update and speaking up Rob - on a share thats at 36p.

The only position or holding you need to concentrate on, is your own.

Could of, should of been an RNS Reach.

Kelso over 2 years ago advised them, amongst many other good suggestions, to make use of it. Seemingly into the bin with some of the other 95% of pieces advice given as it's never happened.

Then we wonder why people are supposedly selling and nobody is supposedly investing, and the likes of Kelso who imo attracted in the Apollo bid, have also gone quiet.

Enjoy your weekends

Interesting finsih in store and in several others given the US markets have turned back Upwards.

Dow Up 875 points and Nasdaq also up over 200 points at atow.

Reversing most of the last few days falls.

Gruyere you won't find many who disagree with you on what you say.

Beauty businesses = £1039.3 Millions spent on purchasing them.

Some bought as far back as 2010 (Lookfantastic) Yet - Not one bit of Profit and No dividends.

So who's to blame? The City? An Individual? Other Investors?

So given what is clearly a vast disparity between the APN and THG Market Caps for both Revenue generation and number and cost of Additional businesses who has actually got the responsibility and oversight for holding people to account for this?

This isn't just a near miss in valuations and worth. It is a monstrous difference.

Any Yen effect has been quantified previously and mitigation measures were put in place to part mitigate things such as in country manufacture and distribution. You would also expect any reasonable company to be undertaking currency hedging.

But then again in fairness the company did state at last update

"The impact of FX on sales reduced sequentially through the year, with Japanese Yen and US Dollar headwinds largely offset by Euro tailwinds by Q4."

You did read what I said HypeHero

"Aside from the obvious suggestion of overpayment,"

Still £1039.3 Million of purchased businesses, over and above THG Nutrition which generates 6 x APN Revenues

THG Market Cap £553M

APN Market Cap £577M

Indeed 100notout. Again remiss of me in omitting Dermstore

Further revised list including Dermstore

Dermstore. £260.9M. 2020

Bentley Labs. £180M. 2021.

ESPA. £68.2M. 2017

Lookfantastic. £19.4M. 2010

Illamasqua. £16.9M. 2017

Eyeko £16.5M. 2018

Acheson and Acheson. £52.8M. 2018

Christophe Robin. £44.7M. 2019

PerriconeMD. £51M. 2020

Cult Beauty. £291.3M. 2021

Biossance £15.7M. 2023

SkincareRX £4.4M. 2016

Glossybox - £17.5M. 2017

Grow Gorgeous - Undisclosed. 2016

Revised Total for Beauty businesses = £1039.3 Million

Yes sj74. Remiss of me to omit Lookfantastic. £19.4M paid in £2010.

So fuller list

Bentley Labs. £180M. 2021.

ESPA. £68.2M. 2017

Lookfantastic. £19.4M. 2010

Illamasqua. £16.9M. 2017

Eyeko £16.5M. 2018

Acheson and Acheson. £52.8M. 2018

Christophe Robin. £44.7M. 2019

PerriconeMD. £51M. 2020

Cult Beauty. £291.3M. 2021

Biossance £15.7M. 2023

SkincareRX £4.4M. 2016

Glossybox - £17.5M. 2017

Grow Gorgeous - Undisclosed. 2016

So revised total of £778.4 Million of businesses at purchase price.

Several of which have grown since

Bentley Labs - Just look at it's importance as a producer in the US, and thereby avoiding tariffs

ESPA, Has opened many spas since, expanded products and into concessions and now into bricks and mortar at M&S

LookFantastic. It's growth at last report. Now opening it's second premises.

The.Italian, In business rule nothing out and they may come back again for THG Nutrition with a more cashworthy offer as opposed to being "paper" heavy.

Selkirk though of recent imo has lost iots spark and thats been reflecting in their share price, ever since imo Iain MacDonald took the Chairmanship at RevB accompanied by it been dull on news. I know there was talk of them bidding for NCC's Escode but Private Equity has beaten them to that one dull on that one.

GL with your investments.

Perhaps another pertinent question would be that given some of these purchases were several years ago, where actually has been the "added value" for shareholders? @35P

Profits for instance. Presumably you buy profitable businesses to contribute to overall group performance, or ones that you spy you can add your own inputs, cost savings and synergies and make profitable?

Essentially THG Beauty and £1.1Billion Revenue for Free.

Here's a snapshot of the companies behind THG Beauty and the prices paid. Note many have been developed and expanded since

Bentley Labs. £180M. 2021.

ESPA. £68.2M. 2017

Illmasqua. £16.9M. 2017

Eyeko £16.5M. 2018

Acheson and Acheson. £52.8M. 2018

Christophe Robin. £44.7M. 2019

PerriconeMD. £51M. 2020

Cult Beauty. £291.3M. 2021

Biossance £15.7M. 2023

SkincareRX £4.4M. 2016

Glossybox - £17.5M. 2017

Grow Gorgeous - Undisclosed. 2016

Aside from the obvious suggestion of overpayment, I still make it that there at purchase price there are £759Million of businesses not presently factored in. Many in the City probably don't even know all of these businesses exist.

Unfortunately doesn't half term start today? So everybody is probably more likely to see Mouldings latest private jet trip and holiday snaps than an RNS. That said its a good time to drop news and head off on holiday so you never know.

APN Market Cap £577M for £105 Million revenue

THG Market Cap £553M for £1.7 BILLION revenue. £600Miliion + alone from its equivalent THG Nutrition, so X6 that revenue of APN. £1.1Billion additional Revenue from THG Beauty for free.

Talking of Selkirk the.Italian. They offered £400M - £600M for THG Nutrition alone. Not a Sham stanleyb. All in black and white and committed to the National archive.

https://www.lse.co.uk/rns/SELK/response-to-statement-by-thg-plc-e3rw7vvgabgzb48.html

But seriously how much value also now individually for Bentley Labs, How much for LookFantastic, How much for Cult Beauty, How much for ESPA, How much for PerriconeMD, How much for Christophe Robin, How much for Biossance...?

Https://www.a1retailmagazine.com/latest-news/lookfantastic-bristol-with-new-store-opening/

Could these 2 large trades disclosed last night have been the market makers picking up stock at a near low point. Wait for the selling volumes to be drying up and therefore making it limited risk?

Crafty, they are both Ordinary Trades