Member Info for onsolidground

It's all down to the numbers.

Deliver numbers or not as the case may be.

Personally for once I don't know what to expect so the juries out. Reported Black Friday trading for online wasn't great, and footfall on the High Street pre Christmas was also reported as being weak post Reeves budget. But then on the other hand there were funds available to spend on attaining growth.

Pure guess:

#Growth in Nutrition. Maybe in Beauty also but lower

#Total Revenues - Pass

# Profit - Not expecting much as it seems to be spend to grow and not losing money

The share price on the run up not indicative, although relatively stable.

I see Iceland now carrying several new MyProtein frozen ready meal flavours and also Protein Choc Ices new in the freezers (must be 2 years later than first muted) But @ £4 for only 3, pricey and not really the season to be selling these.

GL whatever peoples positions.

Kelso didn't further invest in THG, but instead invested in SAGA and just as they did with THG previously to good effect they spelt out their full logic for doing so (Apollo appearing shortly after) The share price seems to have reacted favourably this morning.

Talking of which they seem have become increasingly silent on THG. Maybe that's what's causing Mr Moulding to do all these fireside chats and taking part in the JPMorgan 2 dayer.

Last few days and courtesy of the MM's directionally moving the price down it seemed destined for 40p.

Then whopping volume brought it back up. 12.46 Million at the close and I'd say you bore witness to a Magicians trick with what some thought were sells and given one thing has changed from the last update, other than of course Mars being the 1st of 2 partners and that set to expand with Twix, Bounty and Mars Bar flavours and with Black Friday also now less than a week away.

Nutrition and Beauty both back in growth at the same time for the first time in 4 years.

Expanded relationship with Frasers / Sports Direct with enahnaced offerings online and instore

Two partnership deals. The first with Mars. The 2nd to come with a European FMCG in the chilled foods / ready meal sector. (Some think Greencore)

MyProtein Cafes gone from just the 1, to 51 after expanding with a further 50 into the Frasers / Lonsdale Gyms

Retail doors expanding from 40,000 to 100,000

Swifty boost @ THG's Philipe Robine

Approaches made for other parts of the business since the Claremont Ingredients sale. RNS at any time if market value and it works for THG. (That alone puts the whole focus on Sum of Parts)

Refinanced and reducing debt

Enjoy your weekends perusing and purchasing from all the early Black Friday offers @THG, SPD and elsewhere as they multiply in intensity and lets see which of the Supermarkets or Retailers is first to stock the new Snickers flavoured Protein Powder instore.

Last few days hasn't been hedge funds imo. It's been market makers moving the price to induce some selling.

Everyone saw the last results webcast and the cheaper they wish to present the share price the better for I'm back to adding at staged entry points.

Nice to see that the MM's have extended the Black Friday sale to the share price of THG as well.

Only seems a couple of weeks back since there was growth in both Nutrition and Beauty for the first time in 4 years, 50 \myprotein cafes in Sports Direct Gyms, continued expansion from 40,000 to 100,000 retail doors, 2 partnerships imminent -one of which is Mars, and with the question of further asset sales openly answered that there have been approaches since the sale of Claremont, and of course that spike to 52.5p.

So now 1 week away from @Black Friday and @THG itself with it's own circa 25% off

I see they also have them on the front page of the Website. Given they are selling Snickers Protein bars as well I guess it would be handy to know if THG are manufacturing in the UK and elsewhere for Mars.

(Mr Market seemingly doesn't wan't to recognise the tie up with one of the worlds leading global confectioners, but if it adds to growth in numbers I suspect it will in due course. Good time to be launching it has to be said and will keep an eye out for product placement in Supermarkets and retail stores.)

Jpt

With our fingers on the Buy button for Xmas prezzies it is looking like Twix, Bounty and Mars Bar flavours to follow and keeping a healthy stream of new product innovation whetting the appetites (and the Revenue coffers)

https://www.stack3d.com/2025/11/myprotein-x-mars-collaborations.html

Excellent news yesterday on the partnership deal with Mars, albeit delivered into a weakish market, but a partnership deal that will be the envy of many in the industry what with a world leading flavour combination in Snickers and more to come and with the Global Confectionary Giant that is Mars. Nice to see them also in B+M so further expandong those Retail doors from 40,000 to 100,00 and nice to see them also selling Hotel Chocolat MyProtein bars on the MP website.

Timed well for an online launch tomorrow in advance of key Black Friday and Festive season sals. So will it add to MyProtein's growth for the quarter? I'll let you work that out for yourself.

Some will recall back to November 2023 and a bombed out Hotel Chocolat share price, and right about the time Matt Moulding confided MyProtein had itself had 2 approaches, then up popped Mars with a knockout deal for Hotel Chocolat that nobody saw coming.

So, if they like, they partner or they buy. (I incidentally have always had Mars as one of those 2 suitors but that MM didn't wish to sell, hence they went for Hotel Chocolat instead)

https://www.reuters.com/markets/deals/mars-buy-britains-hotel-chocolat-662m-2023-11-16/

Yes Black Friday sales are spurring on some interest, but don't forget the MyProtein partner could be the one to shift the dial measurably, given Ingenuity only just went and done a deal with Google, and doubling peoples wealth over there.

Everyone knows crazily how the market cap is nowhere near the Sum of Parts.

~Edit~

Any time between now and the 28th November (BF) then for either some products to appear or an RNS.

"CEO Matt Moulding confirmed in the H1 call that a licensing deal with one of the largest global confectionery groups is done — with first Myprotein products expected in consumers’ hands before Black Friday."

Any time between now and the 29th November (BF) then for either some products to appear or an RNS.

Not a bad place to be expanding in atm with domestic and internal producing assets @THG limiting Trump tariff exposure and in the push from 40,000 to 100,000 Retail Doors, encompassing Walmart and others

So that's 2 recent interest rate cuts over there and what will all these Americans spend their $2000 Trump Tariff bonuses on in whatever guise they come.

In any case just over 2 weeks to the Black Friday to Cyber Monday online bonanza for retailers and that then kicking off the Festive season proper.

Back into growth in both Nutrition and Beauty last quarter and coming off a low YoY base there has to be a fairly high chance they nail it. Probably why virtually nobody is selling.

Just passing through.

You've only got D3lboy's prediction of the Ingenuity / Google partnership to compete against. Which it has to be said was completely on the money.

Although in your favour you would expect them all to be back at their desks today after their Half-term holidays, and in any case gearing up for pre and Black Friday to Cyber Monday event promotions. Lots starting to appear.

Looks like an sustainable lab grown alternative to Palm Oil. Very big market to be at the forefront of.

Probably linked

https://cleanfood.group/news/lab-grown-palm-oil-alternative-step-closer-as-clean-food-group-secures-seed-financing-1

The market (with it's 25% of the free float short) in sinking the THG share price pitifully below Sum of Parts delivered MM an astonishingly low entry price given well documented and Remainco enhancing structural change within THG. So fair play to him for investing a further £60M of his own money into the company and backing his conviction.

Didn't something similar happen at Sports Direct many years back with its share price taken all the way down into the 20 pences whilst Mike Ashley invested and accumulated and CFD'd through MASH Holdings to a very large stake and with the company growing, expanding and diversifying into the Frasers Group and the highs of its share price.

Hopefully with a bit of patience the same occurs @THG.

I wouldn't be too worried as the return to growth was evident at the last trading update and it's the Q4 Golden Quarter and retail sales seem to be resilient and in any case supported by App takeup, loyalty schemes, discounts where necessary, new product and that move into offline and the ramp up from 40,000 Retail doors to 100,000 retail doors.

Amazing really how the market tried to sink the share price, whilst the deadweight for THG back then - Ingenuity - was demerged, the debt was refinanced to 2029. Claremont got sold for double what was paid when some thought it was a nothing company, Debt now being reduced - and a return to growth at both Nutrition (significantly) and Beauty.

Amazing how the mind gets focussed when you have sink £60M of your own money into the company by way of a convertible loan, whilst also becoming THE significant shareholder at the divested company.

More coming given all thats been said and no need to RNS chase daily.

Follow the money as they say ...

Just passing through.

Thanks for that SBD.

I was just about to filter you and ask you to explain what you meant by "7 months ago?" - thats past tense. Now clarified

Come 2026 I'm hoping we might be considerably higher than 47p. ESPA alone must be circa £150M to £200M now I would have thought.

SBD,

At no point do I mention 7 months anywhere. I clarify the post was made 7 days ago.

We are just about to enter November so in any case I make it just over 4 months to opening. Not 7.

Hi SbD,

It was mentioned because the Linkedin ESPA post telling us was only 7 days ago. No idea where on earth you get 7 months from.

Also because it just highlights the crass undervaluation of the Sum of Parts and the inherent value in ESPA alone, which is not being reflected in the share price one bit.

They had over 550 of these Health Spas alone several years back and they have added since. Wikipedia has it as now over 700 Health Spas in 60 countries

Then over and above the core brands full product range, they have concessions, website, intertwined with LF and Cult Beauty websites and Retail Concessions and doors.

Must be valuing this presently at about £Zero which can't be right. THG paid £68.2M for ESPA in 2017.

Would cost the likes of LVMH now well into the Hundreds of Million to purchase given increaseas in the estate, business enhancement and the increase in real estate since then.

Shame I wasn't able to edit the title and post or I would have saved the confusion.

7 days ago !!