RE: Bid30 May 2022 16:20
I first got in at the 80's - Bought the way up now avg at 110. A post I made back when THG was 87 - It still stands to this day...
"Thanks Steve - I find it rather difficult to actually find a 'True SP' for THG. As there's no real competitors on the market like the group.
I bought a chunk more about an hour ago - Through my SIPP so it'll sit pretty in there for years (unless bought out)
I'm in for the long run, I don't actually see myself selling at all if I'm honest.
My reasoning;
I see no reason this company hits £10B+ sales.
"In 2020, the global animal and plant based protein market was valued at about 52.5 billion U.S. dollars. The market is forecast to value around 71 billion U.S. dollars by 2025"
We've recently acquired companies that're on shelves in US, we're growing in the Asian market.
"The market is estimated to be around $4,217.5 billion in 2026 and is expected to grow at a CAGR of 8.6% till 2026. China and India are leading the whey protein markets, because of increasing demand from sports, medical and personal care industry"
As per the companies releases - We're forever expanding in the Asian market too, We've seen great growth particularly in Japan.
Personally speaking to European friends in different countries, it seems to be making a more dominant mark in the market there also.
This is solely looking at the 'Fitness' side of THG, beauty we've acquired companies in Asia too (Australasia)
So for me, this is a long term play. I'm in this for the next 5-10 years + as long as no awful news comes out.
My ONLY and BIG concern is Free Cash Flow, them trying to run before they can walk. Expanding too aggressively.
But DYOR as always people. This is my play."