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Gggg21, they won't buy THG with their cash obviously. They will use their shares which, the way they're rising, will be used to in effect do a reverse takeover. Humiliating for MM but he's left the shares defenceless against any predator.

It would send a rocket up THG if APN used its highly rising shares to buy a decent stake in THG, thereby gaining a stake in the 'opposition'. It would give them greater pricing control in their shared markets and amply demonstrate to MM the dangers of his Ingenuity - THG deal = that it leads to a dangerously low valuation for THG. And MM would then have an activist shareholder on board who wouldn't sit quietly like the others seem to, whilst THG's valuation is kept so low.

No Stanley, it is not because of that.

It's a great shame no deals were announced when SK came back from the USA. It was all very positive commenting during the trip, nothing afterwards. Also, what is going on with Symphony? How is it selling? Are new deals coming through?

Now the share price is roughly back to where it was before the Q4 RNS - what a shame. Clearly the jury is out here, awaiting proof that it is not all just hot air. Given SK's comments that he expected Q1 2026 to be cash flow positive, you'd expect he would pull something out of the bag imminently to demonstrate why he made that assertion but it looks like we will soon be getting to the end of January with no new deals being announced.......

Well said Stanley, as ever!

We need to hear some good news regarding new deals and also, what has come out of the recent US trip, other than SK meeting a range of old friends?

Something is clearly required now to bolster the price - it is sagging......RNS please!

I see SK and Arcari are returning from what looks like an excellent US trip - What news and deals do they bring with them?

Navek, you are missing the point. The way the Ingenuity deal is structured for THG, it doesn't especially matter if "whey prices and the yen move favourably" as the profit basically almost all flows back to Ingenuity. Yes, it's unfair, yes it creates extra ordinary profits for Ingenuity, yes it bolsters the Ingenuity share price. but that is all the plan here. One can see Ingenuity growing at the expense of THG until it presumably gets big enough to bid for it and it is all completely legal.

It's not a lot different to the suppression in oil sector caused by this government's mad green policy which is why the shares of Harbour Energy and BP for example are so low. All profit goes to the Treasury - again it is completely legal.

Shareholders in all these companies must be rueing the day they got involved and be praying for change.

Going back to THG and Ingenuity, Moulding is imposed on both akin to the Government imposing themselves on the oil sector. He is the main shareholder, you cannot get rid of him, and his hold is so tight it stops anyone else showing an interest or bidding. The Board is ineffectual and Lord Allen clearly is no opposition at all to MM. That is the current position that most shareholders now realise is the case and problem here.

Rnorth, the best guidance I can give you is to study the RNS's going back to 2023.

The company was previously known then as Wandisco and suffered a large accounting fraud leading to suspension of the shares [they were over £13 at the time] and the complete change of the management in 2023. It has taken some time for both the reputation of the newly emerging company - it changed its name to Cirata back in 2023 - and for the FCA to look into the matter. The FCA investigation is now closed, and judging from how the deals have been starting to get done, the reputation of the Company has also now been successfully repaired. This is all down to the new management team led by Stephen Kelly.

The point is, as you will have noticed: the shares are no longer £13+ and there's been an enormous loss of equity as the share price collapsed. Equally, many of the Wandisco staff have lost their jobs, including the old management team.

Unsurprisingly then, there are a number of posters on here who can say nothing good about the Company. These will be ex-shareholders who lost considerable sums of money when the shares collapsed, OR, ex-staff who left / were forced to leave. You cannot really blame them for taking their frustrations out on here, but it does get a bit tedious when they can never change the record.

In my view, you rarely get a situation where a company collapses from £13+ to 24p and is STILL trading. This one is beginning now to emerge phoenix like from the chaos of 2023 and the turn around looks like it is gathering pace. Like others, I expect the share price to be significantly revalued soon as news emerges, and the Q1 2026 position emerges. It's currently at / near the bottom share price wise, hence the interest in it.

According to LinkedIn, Stephen Kelly and Dominic Arcari are currently in the US on a 'jammed schedule full of customer, partner, and investor meetings this week.' Hopefully there will be some excellent news coming out of this in due course.

Https://simplywall.st/stocks/us/capital-goods/nyse-rok/rockwell-automation/news/how-thg-nutritions-plex-mes-win-at-rockwell-automation-rok-h

Am waiting to not only hear about wins including increased use of Symphony, but also shareholder news. As things begin to clearly change for the good, I fully expect some big NEW shareholders to emerge.

Stanleyb, I have to applaud you and your comments. Whilst you are a bit like a broken record, you are also, sadly spot on. That is exactly what has happened to us shareholders here, and it is completely legal, that is the biggest joke of all.

Whatever else, Moulding is clearly a financial mastermind, actually we don't stand a chance here as and until the Ingenuity contract is reformed / made more equal to THG. Still, as pointed out last night, it may be possible to form relationships with other companies to perform the roles that Ingenuity is currently undertaking for THG and this in turn could be much cheaper for THG.

Current share price and rating assumes THG is on the worse footing regarding the Ingenuity contract. I suspect the rerating of the stock would be dramatic if that contract got amended. Once Ingenuity has a firm enough financial base I suspect the contract might get amended.

We worry about how THG will rebalance the deal struck with Ingenuity. Unless I am reading this wrong, it looks like a different solution is being found altogether: they are simply not using Ingenuity, instead THG has chosen Rockwell Automation's Plex Manufacturing Execution System to replace its legacy systems. I doubt such an angle is being factored into the stock, it being assumed they were simply tied into Ingenuity for some indefinite period of time, when instead it would appear they are able to change.

THG's legacy systems must be using Ingenuity, if that is now changing at Warrington and later on across multiple global sites, then I doubt that has been understood by anyone / investors currently.

Time, I think, to relook at how Ingenuity works with THG and understand better what can, and what cannot be changed. The shares are very materially undervalued if THG is able to do this.

Per Scobee's article:

"Rockwell Automation recently announced that THG Nutrition, part of THG PLC and home to Myprotein, has selected the cloud-based Plex Manufacturing Execution System to replace legacy systems, initially rolling it out at its Warrington, UK facility before extending it across multiple global sites.

This win highlights how Rockwell’s Plex platform can unify data, improve real-time visibility, and support complex growth-by-acquisition models in highly regulated, multi-site nutrition manufacturing."

And yet the shares keep on falling. Hopeless. Time for US investors to buy in.

I was also blocked on LinkedIn which amazed me. Still, there's more than one way to comment on things, and on LinkedIn, there's an excellent article from Christopher Maguire, editor of BusinessCloud and some good responses from various people which are clearly getting well read. He cannot delete those articles.

He should spend more time not childishly deleting our complaints but working out how he can make the Ingenuity contract fairer for THG. It's completely one-sided currently so needs a proper reset to jolt the valuation of THG. When is this going to happen? Lord Allen - any comments?

Https://stream.brrmedia.co.uk/broadcast/69664b3e21449c0013b625dd

Icarus, you're really missing the point. The point is that currently, they have managed to get this near to a cash flow break even level on what seems to just be renewals. Therefore, as and when new business rolls in, the figures should improve sharply. That is a remarkable achievement, since the renewals level previously was not enough to sustain the business - now it is. Given SK's confidence that Q1 2026 will be cash flow positive, I'd guess he is aware of some deals about to get the green light that will cause a cash flow positive position to arise. It looks like we are in for some more great news..........soon!

Rarely come across so many as currently, normally they get blocked but Steve Scott is banging out one excellent article after another.

Got to admit he is completely correct in his analysis

Hypehero, excellent article on THG.

I feel it is the contract between THG and Ingenuity that is simply draining the profit away from THG. It is unduly generous towards Ingenuity - hence the share price of Ingenuity has rocketed, THG's has stayed around current levels. Surely it is that contract that now needs to be amended to make it fairer for all concerned?