Member Info for onsolidground

https://www.proactiveinvestors.co.uk/companies/news/993130/tui-highlights-an-increase-in-holiday-budgets-as-it-signals-a-return-to-profit-993130.html

I have it that the share price on the 6 month historical chart at a lowpoint was circa 183p prior to the May / June holidays airport chaos that dented the share price of most of the industry.

Today's update clearly shows imo that TUI weathered that storm better than most and there is much to be positive about

The share that just keeps giving.

Its always a good opportunity when its cheap imo

Its a quarterly trading update Stupmy. Not FY results.

But don't let that stand in the way of your negativity.

Great recovery in numbers from what was virtually a standing start and given previous airport chaos.

Just silly overall market cap when you know the revenue multiples that others have been selling for.

Its an extremely strong trading update and some territories comfortably exceeding 2019 pre-pandemic levels.

You only need to travel through the airports to see it.

Pandemic is over and nice recovery play.

Although massively oversold it might have been worth shorting if the expansion and growth plans had stayed the same.

But taking £60 - £70Million out of Capex each year and with the massive decrease in the cost of Whey per tonne and the valuations that other nutrition companies have been sold for or partnered with at many multiples of Nutrition, it becomes perilous.

Its just imo a case of taking your position and waiting for the next bid to come along, either for any of the divisions or for the full group.

If it is read across from FedEx's poor results then they were mainly due to Asian concerns. RMG hasn't got any such operations in the Far East to my knowledge.

Government always protects this one with rises in the costs of stamps and postage.

An opportunity perhaps...

Thats a good article that lets you see what has happened to so many of the other listings at or around the same time as THG's IPO and I don't think anybody would deny that the UK is not the place to list a technology IPO.

This bit though on Moulding is the standout paragraph and imo the City is delivering it right into his lap.

"As his initial public offer incentive scheme reportedly enabled him to trouser £700mln if the shares achieved a 50% increase within three years (a feat it pretty much achieved in less than three days), Moulding probably wouldn’t need any private equity backers to snap up the firm."

Looks to be climbing in anticipation of...

Easy buy in for those who were brave at the time.

At this share price if I was Moulding I'd be taking my holding up to 29.9%

Statement of intent.

I'm just going to keep adding here monthly from now on and with any profits elsewhere and the share price can average itself out. I have this one now as my number one share for a takeover, either in part or as a whole whilst at the same time liked what I saw in the webcast yesterday for a recovery play.

It should never be anywhere near 40p and on 0.2 multiples when others are selling at 3x to 5x multiples and Celcius on 10x multiple.

Just my perspective.

At these paltry share price levels THG is a highly attractive takeover and will appeal to many. That is either as a whole entity or for any of the parts, Nutrition, Beauty, Ingenuity.

Presently sat at 0.2 x revenue when with say Nutrition other comparable peers have been sold for 3x to 5x revenue. Pepsi even took a stake in Celcius in the US for equivalent of 10x revenue. That is many multiples of the present sp for one division. Any one of the respective divisions is worth much more than the present 40p and the sum of parts.

Its simply a case of waiting for the next bids for either each of the divisions or for the group as a whole.

Matt Mouldings IPO Bonus of circa £800M leaves in prime position with enough cash to accumulate more and buy this out.

My main interest today though is on who picked up the 2.5Million yesterday at 40p. Matt Moulding or Lord Charles Allen?

Sharm El Sheikh, Egypt

6 - 18th November.

https://www.un.org/en/climatechange/cop27

Shrewd sidestep on the Analyst question of whether there have been any bids for Nutrition and not wishing to get hiomself into trouble.

I think you can goldenyears.

Particularly if they forward buy per quarter or 1/2 yearly as it says in the presentation.

Worth a listen

If you haven't I'd suggest you do, and specifically from 47 minutes onward and the 1st question from Goldman Sachs and the comparative metrics and thereafter. Extremely professional presentation and I thought open and honest.

The answer to the last question I also found enlightening that someone can place a call to a media outlet saying the company is a "wrong un" and the media outlet then set up a war room to dig the dirt and after 2 years investigating nothing is found. MM calmly not getting involved in the things he can't control and just gets on with delivering on the business. The murky world of hedge funds and shorting I presume. Incredible.

Conclusion after listening. Why is this share price only 40p? and not multiples of that?

Click 2022 and it gives you the link.

Indeed, it was wehere I was plucking it from

Webcast link also

https://www.thg.com/investor-relations/results