Member Info for onsolidground

Talking of definitions of a shafting.

How's your investment in CARD going Polish Cap.

I hold very little these days into updates and had alighted near 140p which had exceeded my target.

I think it went nearly Minus 40% on the last update. Now that's a shafting.

Weren't you subtly advising people only a couple of weeks back to switch from THG to CARD?

"Polishcap

Posted in: THG

Posts: 1,213

Price: 57.75

No Opinion

RE: The MyProtein rebrand17 Sep 2024 15:36

Osg you should dumped up all it when you reduced

Compare this to card factory

Oh my days"

Best you find some shares with upward potential to make it back quick.

Disagree with the thread title as he knows the full industry inside out and he's a deal maker.

Can't be blamed for the wider macro environment.

Which it has to be said has just started to turn what with Interest rate cuts in the US, UK and Europe. Key markets for SFOR.

After the Belerion / King Street Bid of 170p and the Apollo Bid in the region 200p - 250p, never has there been such blatantly obvious undervaluation of any share on the LSE.

Next round of Private Equity interest will be knocking at the door. Especially when it was THG themselves that hoisted the For Sale sign on THG Ingenuity and stated it's intention to demerge.

The Deutsche Numis valuation for IPO of Optimum Nutirtion will in all probability have been done off Revenue Multiples and benchmarking them against industry peers (everybody except THG) That's how the industry does it.

But it just puts the spotlight yet again on the huge undervaluation of what is the World No1 THG Nutrition.

Here was what Kelso stated when it called for a demerger at the end of 2023

https://www.proactiveinvestors.co.uk/companies/news/1035558/kelso-calls-on-thg-to-demerge-to-resolve-valuation-gap-1035558.html

Or leveraged.

Just caught you're post on this from Friday Crafty

"£626k UT at 57.05p bodes well for next week".

Probably so.

Its been following the same pattern since around Tuesday last with the Uncrossing Trade finishing it near the high of the day and with quite a big matched trade at the top of the spread. (Which I think is someone accumulating)

Hopefully back to the 68p and beyond it was deprived of at H1 update.

Tuesday brings us the start of October. My time flies ...

For the coming week.

My own personal thoughts are $75 per barrel in short order and perhaps finishing the week nearer $80.

Every action has a reaction and there will be a response to Israel's actions. The magnitude of what has just happened is just too big for there not to be. Take your pick for whom: Lebanon, Iran and off any of the proxys that have had a rallying call from Iran. Could UK or US assets be targeted for supplying munitions or could the Red Sea get be targeted again?

I suspect it will follow the oil price back up quickly and oil you would think should get back to $75 pronto and then perhaps to $80 per barrel by the end of the week.

BP. I'll be surprised if its doesn't trend back up with it and get back into the 420's short term.

There will be a response from Lebanon and Iran also and then there has been a rallying call went out to all proxys to get involved and the Houthis in Yemen have already fired missiles at Israel. US + UK assets (for supplying munitions) and Red Sea traffic could also be potentially targeted as previously.

Https://www.dailymail.co.uk/news/article-13901583/Iran-muslims-stand-Israel-khamenei-hezbollah-idf-killed-hassan-nasrallah.html

Https://www.dailymail.co.uk/news/article-13901583/Iran-muslims-stand-Israel-khamenei-hezbollah-idf-killed-hassan-nasrallah.html

Doubt that very much jed given the pressure to demerge and realise value is clearly coming from shareholders.

Things I think will be structured so that you either rollover or get the option to exit out of THG Ingenuity with a cash equivalent. Many of which will no doubt take and bank, and then wait for the rerate of the other 2 profitable businesses on a Sum of Parts basis, followed by ESCC listing and into the FTSE 250 with tracker fund buying.

But then again as the present market cap there is nothing preventing Private Equity coming back in again for THG whole - Ingenuity, Beauty and Nutrition.

Looks like escalation coming after Israel's actions today.

Biden seems to be worried about it and stating so.

Biden concerned about escalation

So I think is everyone.

I'm half expecting this to get back to the 68p it was deprived of next week and who knows what the share price will get to on or around the 17th October.

Wonder what comings and goings we had through THG Reception this week. (Any insight Hardwick? Visitors from Michigan last time)

Dangerous times to be short imvho as we all know MM despises them and all its going to take is a leak.

Have a good weekend.

I feel inspired by this guy and the likes of Lucy Gorman the CEO of Beauty and ex-head of THG Nutrition who delivered record revenues. Go getters and people that deliver.

That of course being in preference to ... (add your own ending)

...he actually lists THG Ingenuity in the States and on Nasdaq.

All fees of course passing to entities outside the UK, other than Peel Hunt.

But I won't be complaining if Apollo pop their heads up again for the lot.

Meantimes you only need to look at him opening the office in the City to know that they have been planning ahead for the ESCC part of the Demerger and ESCC listing RNS. That for me is the biggest clue that the desire is THG Ingenuity demerged first then as they say ESCC then FTSE 250.

https://www.msn.com/en-gb/money/other/thg-opens-new-office-in-london-s-prestigious-square-mile/ar-AA1p2sGz?apiversion=v2&noservercache=1&domshim=1&renderwebcomponents=1&wcseo=1&batchservertelemetry=1&noservertelemetry=1

Its unloved at the minute. Plain and simple.

Just needs a confidence injection from somewhere.

Anybody would think they might need some additional warehousing !!

Crafty I visited there a few months back. The Frasers store used to be a massive Debenhams store and takes up one full end of the shopping centre and Frasers have taken on the lease for it along with the usual Frasers attire they have combined it with Game store, Evans Cycles store and probably a full raft of other Frasers brand that have had their own stores previously and which they cannily bought up (Jack Wills for instance).

They also though have a large Flannels store in there which also has a big beauty section.

There's a natural tie up there somewhere down the line with perhaps LF taking concession space or taking on the running of the Beauty sections instore.

I commented on the Frasers trend a few months back and Next also had an instore beauty section there but far smaller and mainly own brands.

And brimming with confidence.

Lets see how Aim treats it this morning.