Member Info for onsolidground

Looks like a sale of ProBikeKit maybe on the cards. THG to Ashley

https://www.lse.co.uk/news/press-frasers-sizing-up-probikekit-assets-in-deal-with-thg-sky-news-n1w4sorivybk37m.html

One thing I would say is that you would normally find Mike Ashley and Co having built a shareholding or a large CFD position prior. Needs a bit more substance maybe but not beyond the realms of possibility at the present share price.

Would be a nice twist if it did happen and actually not beyond the realms of possibility.

Nutrition would blend in nicely with his Sportswear empire and the Lonsdale branded Proteins (if its not THG Nutrition making them already) and the global coverage of THG Ingenuity would certainly be of great appeal to their expansion plans. Certainly would be a whale account if they could bag then in any capacity and given all the brands and licensing deals that Frasers and Ashley's empire have worldwide. Been targeting the US recently also.

Nmmmm...

B1nky fwiw I'm not ramping Kelso on here. I was having a conversation with 1pencil who also has a finger in there and it was prompted by his dialogue earlier re the Kelso presentation @Mellow and the AGM. My investment in there is for the long term as I like the calibre of those involved and how they go about their business. Whether anyone else gets invested over there is up to them as I make my own investment decisions and don't care. I also mentioned Sparta as well in a much wider encompassing post.

Recovering industry across the board

TUI under 53p in old money (528.4p in new money)

TERP - 808p

Ste2000,

Just remember what THG itself stated also when it closed down talks with Apollo

"The Company confirms that the profitability and cashflow improvements delivered during the first quarter of FY 2023, have continued in Q2, along with ongoing online sales momentum further supporting the Board's full year guidance. The actions undertaken by management since the beginning of 2022 to improve operating leverage, reduce capex and generate working capital efficiencies, coupled with ongoing deflation in whey commodity prices, underpin significantly improved profitability and cash flow neutrality in FY 2023. The Company reiterates its expectations to deliver positive free cash flow in FY 2024 and adjusted EBITDA margins of around 9.0% over the medium term."

Sparta were quick to jump on exactly the same type of statement made by Wood group and point out that despite the share price improvements the share price was the same as it was before.

Here it is in the region of 10% cheaper and clearly off MM's stated Apollo Ingenuity value you are also getting two large businesses for free.

Sparta I don't think got the full quota of THG it wanted prior to the Apollo bid being leaked and Kelso are still there also although I think they closed their CFD (for profit) If anyone is going to the Mello event and gets 5 minutes with John Goold it'd be worth asking him face to face.

Chill, its miles too cheap and seriously should last weeks fall off two non event stories, that's if Betaville could even be counted as one, should it ever have happened.

There have been multiple Bids for the company and all at prices much higher than where we are. Let the Activist Investors work their tonic and wait for the next Nutrition, Beauty or Ingenuity expansion news off Linkedin or elsewhere.

I think he is subtly telling everyone that his sources are saying £2.50 was what Apollo pitched.

There is simply too much value in @THG to be sat here. Incredibly you get the fast expanding Nutrition (£600M revenue business already) for free and THG Beauty (£1235Million revenue business) and , Ingenuity also at a 10% discount to what Apollo valued that alone at.

Being pragmatic, with 2 Active Investors still in the wings and Golden share ticking down very quickly it shouldn't too long before the next excitement emerges.

Not long until another month drops off the Golden share egg timer.

Ding ding Round 2.

https://www.prnewswire.co.uk/news-releases/sparta-capital-statement-regarding-wood-group-plc-301829015.html

"The most effective of these, in our view, remains the share buyback we previously proposed."

(Sorry - dropped a line)

"In our December 2022 letter to Wood, we highlighted that, given the material undervaluation of the shares, the company was vulnerable to an opportunistic takeover approach; subsequent events have clearly vindicated this view. Given that the business prospects have continued to improve, but the share price is the same, we can only conclude that this vulnerability is even greater today.

Overall, the conclusions we drew at that time of our letter, remain apposite today, and the ensuing 6 months have validated the case we set out in December. Now, as then, we urge the board to deploy all the tools it has to hand in addressing the undervaluation."

Thanks 1pencil. Happy to juggle and top up tomorrow.

I see that on Friday Sparta became vocal on Wood Group again on Friday and are pushing for Share Buybacks.

Worth watching these 2 imo on linkedin. Mark Lees and Ryan Hinchcliffe.

Ends his with "Keep an eye out for more exciting updates"

Sunshine the last few days says we can't be far off Ice-cream and desserts being added to the Iceland freezers also.

https://www.linkedin.com/posts/mark-lees-a0498218_amazing-news-launching-into-our-first-major-activity-7065298137493430273-O_pP?trk=public_profile_share_view

Just think carefully before you sell any shares that you have.

Particularly off any share price falls recently in any part attributed to discredited and non stories.

Tell you what.

You can have THG Beauty also for free....

That one generated £1235 Million in 2022

GL if you think you can set up either Nutrition or Beauty on a global scale for Zilch

Thats what the market values both.

In fact it lets you value them both at Zilch and gives you 10% minimum back on THG Ingenuity.

And this also for free since the start of the year

Myprotein Frozen Ready meals into Iceland 3/1/23

https://www.express.co.uk/life-style/food/1716888/Iceland-MyProtein-low-calorie-takeaway-meals-McDonalds-Nandos

Myprotein Pizzas into Iceland

https://www.stack3d.com/2023/03/myprotein-and-icelands-protein-pizza.html

MyProtein into Airports (and selling well)

https://www.linkedin.com/feed/update/urn:li:activity:7056521747822436352/?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7056521747822436352%29

*MyProtein “Fuel” into PureGym premises. UK and Middle East. Key objective this year to expand into further gym groups.

https://www.linkedin.com/posts/mark-lees-a0498218_very-proud-moment-following-our-uk-pure-activity-7024089279735721984-a4Zw

https://www.linkedin.com/posts/mark-lees-a0498218_very-proud-moment-following-our-uk-pure-activity-7024089279735721984-a4Zw

*Into 2 large German Supermarket chains (each equivalent size to Tesco’s)

https://www.linkedin.com/posts/mark-lees-a0498218_our-first-major-retailer-listings-in-europe-activity-7034152235286548480-c9GT

*Valli Forecourts – Service Stations

https://www.linkedin.com/posts/mark-lees-a0498218_healthysnacking-impulse-activity-7038861717665144835-vQkp?trk=public_profile_like_view

*Tie-up with Nutribullet in Italy

https://www.linkedin.com/posts/gian-rabellotti-568a29103_myprotein-nutribullet-activity-7044699407916625920-fA8A/?utm_source=share&utm_medium=member_desktop

*Expansion into retail in Spain, Portugal and Denmark (Phil Ainscow THG – linkedin)

“"Some more exciting news as we exit Q1, a number of launches into retail across Portugal and Spain, and live in Denmark next week. A wide range of products, from Bars, Drinks and Clear Whey in over 220 stores. You can now find Myprotein in:

El Corte Ingles

Continente

Costco Spain

Fotex (believed Foetex)

Bilka"

Recently launched Myprotein onto the Vitamin Shoppe in the US

https://www.vitaminshoppe.com/search?search=myprotein

Into 346 Boots stores with Clear Whey Protein drinks (Friday just past)

Https://www.linkedin.com/posts/rachel-mulhearn-87023393_boots-thg-myprotein-activity-7065307063106576384-G_Ei?trk=public_profile_like_view

So have this for free

2022 Revenue of over £600 million ($675 million)

8 million social media users

7 million active customers

60 localised websites

Research and Development, production, distribution

and

“The brand is currently the category leader (online and offline) in the UK and Western Europe, with 2022 market shares of approximately 18% and approximately 14% respectively, according to Euromonitor data”

3 main Divisions. THG Ingenuity, THG Nutrition and THG Beauty

Share price around 58p right now.

Here's what Matt Moulding imparted on Linkedin after the closing of the door on Apollo

"“Like all previous bidders, Apollo were told their bid valuation & structure was unacceptable. Yesterday Apollo set out how they could raise their bid further, ahead of a deadline set by the Takeover Panel. Their latest view on Ingenuity had it as being significantly more valuable than the whole of THG the day before the bid leaked!”

Share price prior to the bid leak - roughly 65p

Well if that's the reason for the fall and somebody backed that with shares then it has absolutely zero relevance to THG as a business. Will look to switch some of this weeks success money in as a may top up next week.

Buybacks, Buybacks, Buybacks.

TUI finishing at 52.8p in old money.

https://www.thisismoney.co.uk/money/investing/article-12103611/You-onboard-airline-shares-surge.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html

Incidentally Manifesto I do agree with you that perhaps he should have thanked Apollo for their interest and had he actually not closed the door and let them state "an intention to bid" and extended the deadline then we may not now be having this conversation. Then it may have progressed to perhaps further negotiation and further improved bids and could possibly have enticed in another suitor and allowed others to reach a higher exit price.

On Sunday when I have more time I will sit down and put together a summary of what we have come to know about THG Nutrition since the start of this year thanks to far better communication - and which you can now get for free.

What Matt Moulding said post ending the Bid

"Like all previous bidders, Apollo were told their bid valuation & structure was unacceptable. Yesterday Apollo set out how they could raise their bid further, ahead of a deadline set by the Takeover Panel. Their latest view on Ingenuity had it as being significantly more valuable than the whole of THG the day before the bid leaked! "

The closing SP tonight for the full THG group is about 57.5 to 58p. Thats a 10% discount to the mid price of 65p just prior.

Throw in Nutrition (A $665 Million revenue global business) for Free and THG Beauty ( A $1235 Million revenue global business) also for Free.