Agreed 100% mr go cpi
It is all about ‘the beat’ - Ideally surprise beats - as often as they can
This is the reason we just give them time - the real rebuild starts in three weeks at interims and round one over mid Jan with end of year statement - share price 175p + then if not more
Patience and just keep doing the maths - very big cost out and whey through the floor …
Agreed 100% mr go cpi
It is all about ‘the beat’ - Ideally surprise beats - as often as they can
This is the reason we just give them time - the real rebuild starts in three weeks at interims and round one over mid Jan with end of year statement - share price 175p + then if not more
Patience and just keep doing the maths - very big cost out and whey through the floor …
This is really helpful thanks all
What is it in the books at now v what it might be worth in this deal. If anyone has worked out potential nav effect even better - thank you v much
We stay listed - some kind of on market corporate deal - 150p to 200p by end of year easy - holders need to relax be patient and wait for interims - sorry but suggesting MM takes private is not best for on market investors in long term - this business will be worth 300p to 400p in a year time - it is a thin August market - September will be the start
No doubt Qube will be sub 0.5% tonight - very easy to hit stocks in an August thin market to create stop losses to then close
We will close 92p is my guess as the sub 0.5% shorts close too
Hoping some longs pile in too
Damage done but only days to wait now
Keep the faith - whey at even further lows of 522 Wednesday - MP will be killing it !!
Morning - I am a new holder of this one over last 6 weeks and nibbled this am further
My knowledge is limited - only this board and RNS’s
Pleas keep the comments coming with any overview of the nav or comments there on always gratefully received
It looks like one to keep in the bottom draw
What is total cash now v market cap ?
Good article about the ‘Enfant terrible’ as author describes Mike Ashley - through buy backs Ashley now owns 70% - it makes about £500m pbt a year I think £4bn mkt cap
How many at 30p at the time - thought it would / could ever go to 800p as it has !!….. so am talking now about THG obviously !! - enfant terribles can be forgiven on the stock market when their businesses come through
That and JD Sports which was making £1bn pre tax profit a year
Both Frasers and JD would have big synergies with MP - arguably beauty too as it all merges
Just intersting - I think a certain amount of inevitably with all those brands at least working closer together
Strong earnings
Mr Brewman - I agree with your thinking when you say 20% AT £500m you mean the stake is £500m NOT the value of MP I presume - that structure is the way ahead - hopefully straight onto a U.S. listing (as US markets hot up)
I think value MP at $2.5bn which is only 2.5x sales is very achievable and in one move THG is transformed in many ways - all do able
Mr Brewman - I agree with your thinking when you say 20% AT £500m you mean the stake is £500m NOT the value of MP I presume - that structure is the way ahead - hopefully straight onto a U.S. listing (as US markets hot up)
I think value MP at $2.5bn which is only 2.5x sales is very achievable and in one move THG is transformed in many ways - all do able
Great post mr SP28
However - we need ONE thing only to get to 200p + (and then we review again) .. we need upgrades !! With whey falling and other input costs AND well over £100m cost out …And MP product expansion .. to not have an upgrade is near impossible - smell the coffee
Forget MBO - it isn’t happening - I hope the team are fully focussed on on market s/h value and even strategic minority disposals - this latter point gives us 300p +++
Either way sit tight
Great post however thx
Great observation mr Yorek !
Thanks Mr OSG
Why wouldn’t selfish be remotely branded MyProtein ?
It looks very interesting
Thanks
A old record but … see earlier posts
Same revenue … £2bn+ - our ebitda current year is 4x theirs ! £120m v £35m
Hold onto your hats
200p by Christmas
I reckon we will be 200p by the year end ..
The interims will be good and whey is still falling so the narrative will be positive whether we get the upgrade then or later in the year - this expectation for the next 7 weeks will mean we keep tricking up .. 120/130p by the interims
The short is becoming much bigger relative to the free float. There appears to me to be a constant buyer out there taking stock out of the free float potentially I hope as a long term holder - so the churn rate reduces - someone will surely go through 3% soon which will liven things up .. this could give us an extra 10p pre interims
Post interims we will go to 150p … then we have three months to get the final 33% (only) to 200p
Throw in a half decent ingenuity contract add 20p to the above !
Should make for a nice Christmas !!
Mr Pipe - the graph of broker share price targets looks very attractive (aggregating target price movements over time) those price targets are a rising … analysts are gradually catching up with events - the chairman’s influence will be now all about keeping expectations down …and positive surprises only (post the recent history driven by external events mostly)
Great BAML yesterday released their 125p new target up from 105p - Bank if America will help bring in US investors - we only need a couple to make a big difference
Unilever interims out this am - they have a separate line for ice cream revenue (interestingly) - one of their 5 revenue splits - H1 revenue €4.5bn - repeat that is H1 Ice cream only !
Ice cream growth 5.4% yoy
Just highlighting this is a big market - however Rome wasn’t built in a day ! The strategy using the MP, MV and MV brands and licensing etc appears a very good one to me and additive to shareholder value
Hoping at the interims we hear more about this and other big growth strategies
Last days sub 100p pre the real rally begins mid September at interims IMHO
Great post Annacot
As I said before - the story remains credible - the issue was a numbers pull back care of whey in 2022 - that has reversed fully !! Watch this space ..!
Those brokers believed a strong story before and they will believe again
Correct - until they reprice upwards …
Post interims in September
Did everyone see Whey down another 3% last week !
Massive margin enhancement - painful downgrades as whey rose in 2022 …indeed four of them … as whey falls (€1500 peak back to €540 a tonne) …. Place your bets
Analysts will be reviewing then ..
Confirmed