Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Kelso have their own agenda here dafad and have their own update to publish before the end of the month and I'd expect them maybe to come over the next few days what with NCC slightly rebounding.
I also expect they will be more than a tad perturbed at MM's Linkedin comments of 95% of advice not being taken and pushed to the side.
In addition because the jewel in the crown at the time, THG Nutrition, now seems to be regresssing and substantially losing sales and revenue it is extremely doubtful now that with those declining numbers that it prove attractive to new investors in a seperate listing. I suspect that they will see any seperate listing of THG Nutrition as a missed opportunity.
A 170p Bid was turned down as substantially undervaluing THG. Apollo Bid also abruptly ended without any numbers posted as others do, and two bids for THG Nutrition also. Now noticeably a large decline in sales and here we are tonight at 65p.
I wouldn't parody them and always be wary of Active Investors who become the quiet ones.
£50 Million spent keeping prices low and retaining customers - plus the cost of a much touted Rebrand on previous anlayst calls and the F1 sponsorship of the Williams F1 Team, all meant to be the answer to MP's future growth, and now this in his Linkedin post
"By contrast, Nutrition sales declined -5.8% in Q1 as we phase out products to major new branding, positioning Myprotein for a big offline push into global grocers & retail."
Its not the advice that changes like the wind.
Imvho its the excuse.
I think he might find some sticky / tricky questions on the Analysts call.
Interested to see if the Nutrition CEO is there to answer for himself.
"I’ve learned to suck it up and listen to most advice….and then to rarely act on it! Listening, processing and then discarding 95% of advice, is super valuable."
Unfortunately some of the 95% that he has disregarded actually know what they are talking about and especially in terms of delivering shareholder value.
Makes for an interesting AGM.
Its good news on Beauty but how much of that is benefiting from the supposed ESPA, The Hotels and Country Club etc being switched into that category.
And OUCH - Nutrition sales - DOWN 9% - and that's despite £50M spent to keep prices low to retain customers and a shift into Bricks and Mortar retail. That part of the strategy, although Moulding will say otherwise, isn't imvho working and why the Nutrition CEO was absent from the last Q+A.
It looks like Beauty is now going to have to subsidise the Ingenuity Capex which is only marginally ahead.
Same as...
Noticed that also Yorek. Nice one.
Nice non-City conforming RNS with no market hours notice given.
Not quite sure what the game is but I'll set my alarm for the morning and have a read, listen in and watch for the Linkedin post.
Hopefully something new to get exited about and not the same hamster on a wheel dialogue.
The legacy issues roll on and all of what went on previously.
It's substantial monies that Chrysalis are after and I have to agree with you that if you settle with one shareholder or lose at court then it could end up being that everyone who sold and lost in consequence has a claim. Could they afford to pay and keep the business running as a going concern if that were the case then that might be the question at that point.
The converse of it could equally be argued reference Chrysalis' losses in that if they hadn't sold then their losses would have been nowhere near as much as the share price has been in the 33p to 36p at least twice since relisting and indeed a question mark would always exist as to how much of their own forced selling actually caused the dip in the share price to where they realised their losses.
Fwiw I did think REVB settled far too leniently previously with those responsible and there is in my opinion still the FCA side of things to come and that is perhaps Oculus where those responsible will be punished individually and appropriately, as the FCA you would expect will wish to make sure that the same doesn't happen in the future.
Personally I think its kind of a hard one to contest when its BDO the auditors that unearthed things and the RNS's exist from the time with what was said but that is just my own personal viewpoint and opinion.
Hopefully the BoD have more insight into things than I.
Well that was another fortuitous purchase last week.
I did say it was getting tempting.
If your share price doesn't show appreciation in one market, then head to one that appreciates growth and technology stocks.
Well that's another week and weekend out the way so it can't be long until SDX hit their target depth and we start to get news of the Star Valley 101 Rig heading our way.
Looks like somebody possibly has the inside track on a dividend reinstatement.
Has been one of the best managed retailers through and post pandemic and should you would think get back to the realms of 150p in the not too distant future.
Well reference CitySpy I've still got visions of the post he made with a large Whale and probably about 18 months further on we are still waiting for THG Ingenuity to land one.
The important thing is that the market makers seem to like the sentiment.
Q1 Results are due. Is a guise to lift the price into them. Who knows...
Has never changed.
Just the discount on the entry price.
Still 4.7% Helium. Still 2.2% Gold Hydrogen.
Noble Helium firming the full Rukwa Basin up as a "Unique and Prolific Helium Producing Unlike Any Other Worldwide"
May / June time I suspect you will be paying full price for your entry tickets.
Dyor.
So much undervalue evident underneath a manipulated share price.
Lol. Thanks Forrest. Any idea why the SP has halved since February, and down 95% in 3 years?
Would that be whilst sealing a deal with a FTSE 250 company to put the financials on a firm footing going forward and $10M instantly deposited in the bank and more at key milestones, the Strategic Review of Transformational Energy which alone is supposedly worth 10p per share itself ongoing and also on the cusp of a land based drill that is significantly derisked by being on the same geology as other success.
You'll probably find as time progresses that there are no sellers as such and that all along it has just been the Market Makers drip feeding Naked Shorted shares onto the market. I.e ones that actually don't physically exist. A perfectly legal prerogative they have in the interests of generating liquidity.
Its a sitting duck for a bid right now as the sum of parts are well in excess of 9p. Hence I hold for that value to be realised.
Given Israel retaliated against Iran overnight.
Strange places markets can be.
What with 5 days to play with next week and only 2 days the week after until the end of April then there must be a fair to middling chance that the update will drop next week. No point in delaying it really for if they were trying to stage manage the share price back with PH then FY then Q1 then so far its failed.
What with the meagre volume thus far this morning it seems the Peel Hunt opening gambit of previously being told not to touch THG with a bargepole is still resonating, for nobody seems to be buying in any bulk.
Come back Monday after enjoying a nice weekend and SDX must be just shy of 3 weeks into reaching their Target depth.
$10Mill in the bank for Chariot courtesy of the Energean deal sealing also and many other financial milestones to come.
https://twitter.com/Chariot_Energy/status/1775407393771270632?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
Hermit mate if you are referring to me I've been as invested as any on here and for as long as many on here and I research all things @THG.
And I have a posting history - more than two posts. So jog on...
The clincher for my decision was that MP was meant to be rolling out across all Decathlon stores and whilst recently in Cambridge I decided to go to the Grafton Centre branch in Cambridge. There were no MP Bars or any MP products on the shelves (or allocated space). So I ended up going to Holland and Barrett a short distance away and buying several competitor bars.
Always dyor
THG Ingenuity has been an expensive folly here and no two ways about it, one that has held back more rapid expansion of the parts that work of THG Nutrition and THG Beauty.
So also has been the £50M spent on keeping prices low at THG Nutrition, whilst trying to retain custom on DTC. The proof in the pudding being that contrary to all he said previously they have had to roll out MP Bars in the likes of Sainsburys, Asda, Decathlon. Imo to keep the sales numbers up.
I made a conscious decision a few weeks back to sit light into the Q1 numbers as I didn't like a lot of what I was seeing: Several Sets of Redundancies, Vivek departing, £30M plus share options for a derisory share price, The Iain Mac debacle. Severe lack of sp positive catalysts being utilised despite countless suggestions and Jefferies also pointing to a difficult quarter for THG Nutrition.
I can always review things after the numbers are out.
An activist investor who at one point took a stake here and at Wood Group.
It would seem they have popped their head above the parapet at Wood Group again
https://www.prnewswire.co.uk/news-releases/sparta-capital-sends-letter-to-board-of-directors-of-wood-group-302117261.html