Member Info for onsolidground

Just be aware they have successfully got their placing away with about another £1.88 Million to spend. Looks like John Goold and Sarah Rajani have both subscribed.

Interesting to see if a) they increased again this given the recent dip and also if MM Moulding dipped into his pocket to buy more to either keep his existing % holding or if he took the opportunity to increase his holding further.

Not a bad pundit is Zak Mir

"THG (THG) announced its fourth quarter trading statement for the period ended 31 December 2023. Q4 and full year trading in line with expectations and guidance. Group returned to continuing revenue growth in Q4, at +1.1%. Strong balance sheet and liquidity, with c.£600m of cash and available facilities. THG said 2023 was a year that threw up many challenges for all businesses, and it was delighted in how the Group not only responded to these challenges, but grew stronger through the year.

Comment: The company which initially gained fame for putting its foot in its mouth, may win back friends with the latest update, especially the chunky cash position. At the very least, the shares should be back towards 100p range highs, rather than sub 70p as currently.

https://www.share-talk.com/rns-hotlist-with-zak-mir-thg-lifs-blu-ntog-copl-bird-cmrs-cabp-kibo-bhl-eqls-code-iqe-hemo-n4p-mcb/

Did anybody catch the sly digs at the City in the analysts call.

Right about the point of the HSBC analysts question where he was asked about the takeover activity in the last few months of the year.

MM made a good point about the economics on the Biossance deal, the marketing apsects and price paid for the City AM deal.

But when the analyst came back to him about the Adore Beauty deal in OZ which fell through he made the case for synergy but also specifically made mention of Adore holding its bid value post withdrawal of the THG Bid. (Subtle dig at how the UK treats bids and declining them)

Secondly that THG didn't want a pay a premium for them given the UK capitalisation of THG (Subtle No dig 2 - and all those City takeover fees (brokers, bankers, corporate laywers) being missed out on by restricting capital raising if needed as part of any deals)

Highly subtle but very poignant.

If you get the chance listen back to it later.

Beat me to the pass with the MM Linkedin post.

Beat me to the pass with the MM Linkedin post.

Yes it was a good call Yorek and I caught the same. HSBC being one!!

Hard to believe really that we have seen 2 consecutive months of double digit THG Ingenuity growth, and what with the recovery in Beauty and record Nutrition revenues on top and cash on the balance sheet - that we are still only valued at just over where Apollo started to value "THG Ingenuity" at.

Guidance met for once I personally think we might start to see some upgrades. Citigroup for one, given their methodology and working out 1 month ago and with now improved numbers.

The other pluses for me out of this morning so far. Two concessions there off the Kelso To do List ticked.

# The use of RNS - 2 in one day - and we seperately draw attention to the H+B business win. More of the same

# Seperate Strategy Update - included in the update. Was only a Q4 update (and didn't need to be there) Thin but still there.

Still several to go but its a start. Don't forget they are in the wings wanting the share price up or are after a shareholder vote and several are up for re-election at AGM, if not before.

Progress is progress though and itls the first time in as many years also that we see a results mornings share price rise.

Watch for an MM LInkedin post later and also perhaps a Kelso linkedin response. Maybe, maybe not on the latter.

Bigger fool you

"· The Group continues to monitor developments in the Red Sea region and anticipates minimal impact on stock availability. To date, the financial impact is not considered to be material."

Basics...

THG - stock an extensive range of REVB products on their Lookfantastic website

" · Performance in the UK (over half of total Beauty revenue) was especially strong, delivering c.+9% revenue growth in Q4. Continued improvements in delivery times through fulfilment automation, along with significant growth in both App participation (14.7% vs 10.8% Q4 2023) and new users (+95% YoY), have driven growth in our retail fascias, ahead of that of the total prestige beauty market in the UK in Q4.[8]"

dyor.

Super pleased with the Beuaty numbers and it looks like Lucy Gorman is the prize asset. Worked wonders at Nutrition and now managing a quite noticeable turnaround @Beauty. Projected reduced minus numbers now seems to be into positive growth again and if you do hit the numbers then bonuses. Don't hit them then No Cando. Motivates those working and delivering and must try harder for those falling short.

Should be a very positive analysts meeting and the publicity of the Holland and Barrett deal should help persuade some more to onboard.

Pepsico and Mondelez onboarding and enhanced trade are also good for these are two that Kelso have touted as potential partners for takeout candidates for THG Nutrition.

Should get back above £1.00 again in the interim and it definitely should not have dropped from 88p / 89p.

Always the danger now at these prices and with that cash on the balance sheet of a next bid popping up.

Excellent trading update.

Cue the share price games.

Excellent update and mirrors and adds to M+S numbers which were the key.

Recent mark downs seem to have been grossly overdone and never was there an easier top up yesterday.

Dyor and follow your own beliefs.

Extremely pleased with the updates in both RNS's and we seem to be learning to RNS things now.

Meets guidance when the market had marked it down in advance expecting a guidance miss. Now is that a first.

Holland and Barrett deal is a good one and the 9% growth in UK Beauty says we have more than held our own and the widely reported switch from other products at Xmas to Beauty products was on the money. Cult also picking up business looks like it benefited from the CityAM app and London traffic.

Work being done with own country production in Japan and India should add as we move forward.

Superdrug definitely stocks Revolution Beauty products, both instore and online with good displays and range of REVB products.

https://www.theretailbulletin.com/general-merchandise/superdrug-celebrates-strong-december-trading-15-01-2024/

Pmh - get info correct please.

He didn't get his "pals" to jump in @KLSO. It was one person, singular. Monroe. Nobody knows any more than that.

I also doubt very much that he will screw over Kelso. John Goold is a smart operator and MM already needs to find his next placing money for over there as it is.

Last RNS and shenanigans has seen not only II and PI shareholders down on their investments but also Family, Friends, His Charities, Gallemore and his wife, Sue Farr, One of TGL's purchases from memory, The THG prizewinners 50K equity prizes each, employees etc ... His problem to sort or somebody might just do it for him.

Like I tried to point out to you last night. Its kinda hard to find an operational business reason for why the share price has fallen since Citi upgraded their broker rating - 1 month to the day ago. That was written with the full knowledge of where THG was at.

https://www.proactiveinvestors.co.uk/companies/news/1036210/thg-shares-lifted-after-positive-write-up-from-citi-1036210.html

Pmh I thought people were punting the 16th as the date hence my comment.

Plenty other companies btw out there that also keep their dates under wraps and simply announce them when ready.

Virtually one month ago to the day since a broker upgrade at Citi, and amidst a golden quarter, no strikes and vibrant markets. Only 2 reasons I can see for the fall from the start of the New Year. 1. A poor RNS from THG, but unrelated to trading and 2. A 1.5M share sale by Kelso sometime between the 28th September and now which is equivalent to less than 1 days trading volume)

https://www.proactiveinvestors.co.uk/companies/news/1036210/thg-shares-lifted-after-positive-write-up-from-citi-1036210.html

Incidentally last year the update was on the 16th January, which was a Monday.

Surprised nobody mentioned their numbers this morning or focussed in on their debt pile either.

Seemed to be a sector peer perhaps showing recovery signs and which wouldn't be a bad things for how the sector is viewed, from a banking or M&A perspective.

I thought it read pretty well but take a look for yourselves.

Is it now starting to move up prior?

Another one that seems to have benefited from Beauty and perfume sales in the Golden Quarter. Adds to Boots and others, Warpaint this morning.

https://www.cityam.com/ps5s-and-perfumes-boost-seasonal-sales-at-the-very-group/

You'll be waiting a while given the way M&S and supermarkets are presently performing.

Good luck though