RE: How much is THG worth?28 Feb 2024 10:51
Hmmm, what it’s worth is a tough one.
Is it worth what the markets says it is today? Do we believe what the market says the SP is?
Is it worth what the next buyer will pay for it? Not going to bring the previous offers discussion to the table as this has been down several times already,
Is it worth what MM has said he will consider for it, believe he said £3bn some time ago which would put the SP at £2.25ish…..coincidentally similar to the SOTP.
Or is it worth being compared to some of its peers? Not sure who their direct peers are due to the 3 divisions, but even if just taking nutrition and comparing? Or even the THG ingenuity and logistics solutions and comparing to Amazon? Massive difference in scale know but still some similar offerings.
Eventually the final SP will out…..boom or bust as they say, but I’m very much of being positive and believing it will boom otherwise I wouldn’t have remained invested since my average of circa 46p.
GLA anyways, but it isn’t going to happen overnight, unless that RNS drops.