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Despite Matts vagueness on the call concerning the sale of Integrity the reports suggest tonight that it won’t be given away.

Price TBA

Link anyway

THG plans tech services spinoff to fix balance sheet

hTTps://www.thetimes.com/article/8a911124-442e-4d03-9bad-c2c59ab6e402?shareToken=a8d0fd28f123dfee4044f21b6c5709b5

Nutrition miss / outlook downgrade blamed for fall

Report behind paywall but ok ish but more details on integrity future funding required.

Analysts they spoke to and Kelso better response that the share price reaction

And clearly not happy

Hopefully the analysts got more details and take a more positive view?

But either was Matt was appalling

What do you think will happen?

As you are short I assume you believe even worse?

Don’t understand your comments franky

Matt effectively suggested he was planning to give way Integrity.

No mention of any price?

Yes he effectively offered it to anyone but with him still there?

The institutional shareholders will now force it.

They don’t have much choice anymore

Removed as CEO clearly he still has his shares.

Its now inevitable

It was obvious that the major shareholders had pushed him into it.

Now I expect they will swiftly remove him.

Matt has completely lost it!

Absolute hash of entire call.

No details on LSE listing or split.

He’s a waste of space.

I think today was very bullish.

Worked down to 62p to free up some shares from weak holders then closed higher.

Very bullish.

3m traded and strong auction with buyer sweeping all at 64.25 from start.

4th Year anniversary of THG floatation on Monday 16th.

Have to split and renegotiate debt before a spinoff.

Thats my guess with THG Finco.

US Dollar still Global reserve currency.

Sterling/UK has benefited from both a weaker US Dollar plus a strong Sterling(domestic currency )

From memory same has happened in Japan .

Hence currency tailwind as opposed to previous headwind

Whey as all commodities is base priced in US Dollars.

Its also why UK inflation has fallen so quickly.

Commodity deflation

Post Brexit we had commodity currency inflation now deflation.

THG now benefits from currency tailwinds in all it’s major markets across all divisions

For US sales its neutral but for UK and Japanese sales there is a positive upside

Weaker US Dollar does make a difference as the vast majority of sales in UK sterling but all commodities paid for in US dollars.

Yes increase of c.20% vs Aug 23 but

1. Aug 23 a cycle low

2. Half increase offset by USD vs GBP depreciation

Whey is still cheaper than average UK landed price.