Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
What we are witnessing here is short and distort, which is totally illegal.
Take a short out and then do whatever it takes to spread fear and misinformation so price goes lower.
Only in the last few months, look at what we have seen.
CABP - Trading at just 2x EBITDA/EV multiple, out of this world. Growth reduced from 37% to 25%, and 75% of the share price obliterated, EBITDA Margin is 50%+ Lol
JD - Profits £90m less than forecast, £2b+ wiped off market cap. £900m profits still and what's the valuation.
WOSG - revenue 10% lower, 40% wiped off the market cap.
It's a shorters paradise out there, and they are after 'dumb money', the small reactionary PI's.
What has gone on here and elsewhere should be investigated.
No wonder so many companies are leaving the LSE, going private etc. LSE is no longer fit for purpose.
Moaners and groaners just give it a break.
Yes MM isn't perfect, we can all agree on that, but no one is! Some of you have made it your life's ambition to complain on here a few times a day atleast LOL. It's tedious and boring, and seriously need to get a life.
Yes like any LTH, I am extremely disappointed, but you have to make your own choices. If you are genuinely unhappy and don't believe in THG, sell up and go, simples, make your money elsewhere, I'm sure no one is forcing you to hold here! Something I can never understand. If there are fantastic CEO's out there (and undoubtedly there are), simply sell up here and invest in their companies, its an easy choice, it'll do your mental health and well being well, will stop your postings only on the THG board 😉. Many of you are obviously not holders, but very interested on all the negatives, all day everyday, we all know who you are 😂.
THG isn't the only company that has slid in the last few weeks, practically every company out there has seen a similar drop in the last few weeks, its like you live in some warped THG world. If you are not infatuated with THG alone and look at the wider market you will see the likes of S4, BT, NWG, Frasers, SJP, M&S, Ocado, ABF, RIO etc have all dropped by significant amounts, some of the biggest companies on LSE. Its simply mirroring the FTSE. BT and M&S have dropped close to 15% in the last 2 weeks! Are you going to blame all this on MM, his video and the £100m Gorilla! LOL
Give your heads a wobble and take a pinch of reality. By complaining about MM every second of everyday will not achieve anything, he doesn't control the FTSE, LSE or the UK economy or the World contrary to the gibberish you spout here 😂
In the last 12 months THG have done deals with Maximo, Holland and Barrets, L'Oréal, Pepsi, Autostore, Iceland, Biossance and plenty of others. Any recognition on the share price, none at all, can they do anything about it, nope its out of their control, LSE is dead, efficient market hypothesis is dead, hence why so many companies are leaving and worth so much more privately. Anyone looking across their portfolio will realise that. Many will say what about director buys, ok, probably highest director buys on the whole FTSE, ~£12.5m in last 12-14months! There is a fundamental problem with the LSE, the market is broken. Read Wincanton Chairman's note who have just accepted a take private deal!
NOTE: On the cash figure, as far as I know THG had an unused £170m bank facility, which would assume £430m pure cash on hand. This is after the £20m Biossance deal, which is quite incredible. With +ive Cash Flow this year, this figure should now only increase.
DYOR
Https://www.cityam.com/which-firms-were-swiped-from-londons-markets-this-year/
Small snippet about THG.
Read this, and read it again! Lol
One of MM's key conditions, PE cannot simply leverage up to buy THG, exactly what he warned against!! This article precisely digs into the dangers of PE debt, and the huge problems now sadly facing the likes of Morrisons and Asda. These supermarkets now exist to service debt and nothing else, both paying over £400m annually in interest alone!
MM cares too much to sell at any cost, if he does take it private it will no doubt be Middle Eastern Sovereign Wealth Funds, he has already hinted this, or sells a chunk to an FMCG.
https://www.retailgazette.co.uk/blog/2023/12/private-equity-killing-retail/
Https://www.linkedin.com/posts/thg-ingenuity_thank-you-to-everyone-whos-been-part-of-activity-7143895457331646466-etb4
Merry Xmas LTH's
Https://www.cityam.com/private-equity-firms-line-up-london-lawyers-ahead-of-deals-frenzy/
Alasdair Steele, a deals lawyer at City law firm CMS, said the company is expecting the take private trend to “continue into the new year” as undeployed ‘dry powder’ for buyers and depressed sentiment towards the UK’s capital markets combine to “create a fertile ground for bid activity”.
Always M&A Partners from Clifford Chance liking MM's LinkedIn posts 🤔
So inflation dropping much more than expected
Now analyst forecasting interest rates cut a lot sooner
And if nothing else changes automatic move to premium listing later on next year
2024 could be our RR year. From 90p to 300p 😉
🌟 Inspiring Encounter in Manchester 🌟
What a fantastic day it has been! Last week, we at Team Internet Group (TIG) had the honour of being invited to meet with the senior leadership of The Hut Group (THG). It was a true meeting of minds that brought together two UK headquartered businesses, each driven by global aspirations and an unwavering commitment to innovation and excellence.
🏢 Exploring the THG Corporate Campus
Our visit to the impressive new corporate campus of THG was nothing short of awe-inspiring. The energy and ambition palpable in the environment were truly motivating.
🎥 Witnessing Creativity at THG Studios
At THG Studios, we got a behind-the-scenes look at their cutting-edge video productions. The creativity and expertise on display were remarkable, underscoring the power of compelling visual storytelling in today's digital world.
🤖 A Glimpse into the Future of Innovation
The highlight of our visit was experiencing the synergy of creativity and automation, especially at the THG Ingenuity AutoStore™. Witnessing such innovative integration of technology in operations sparked numerous ideas. It opened up exciting possibilities for future collaboration, where both TIG and THG can leverage our shared passion for innovation to enhance customer experiences in new and dynamic ways.
🔗 Forward Together
We are grateful to THG for this opportunity to connect and share insights. As we both continue on our paths of innovation and global expansion, this meeting has laid the groundwork for potential collaborative endeavours that could redefine how we engage with our customers and the world.
Stay tuned as we continue to explore these exciting opportunities!
#TeamInternetGroup #TheHutGroup #Innovation #GlobalBusiness #CustomerExperience #Manchester #CorporateVisit #LeadershipMeeting
https://www.linkedin.com/posts/michael-riedl-_teaminternetgroup-thehutgroup-innovation-activity-7142606843448606720-p4-Z?trk=public_profile
All of a sudden sounds alot more conciliatory and measured from Kelso. Have they been told over the weekend RELAX, we have a plan??
Whatever Matt has planned to unlock the huge value gap, one thing we can be guaranteed, no one will hear about it beforehand. Pond scum will be off the list 😉
I said this a few days ago...
"Whatever anyone's views are on MM, what I think everyone can agree on is THG is massively undervalued, this is from us small PI's, to MM, BOD, Kelso, Sparta, Apollo, SOTP, peers, recent deals like HOTC and all the other PE firms that have knocked on the door before:
OVMK Asset Management, and now add Sir Tom Hunter to the list. And I'm sure all other holders feel exactly the same, true value of the company is at multiples. Unlocking event has to happen one way or another.
In no world THG can be valued at £2.50 in 2017, £3 in 2018, £5 in 2020, £5.95 in 2021 and now just 87p today LMAO. Market is totally broken.
DYOR
"Kelso totally agrees with Sir Tom Hunter in The Times article today (link below). Matthew Moulding has built a great company but the stock market doesn’t truly recognise its value. We also support Matt in his fight to show the City the true value. Whether splitting THG into three or by some other route, Kelso supports all such value enhancement strategies. A good clear equity strategy should help unlock the value"
Https://www.retailgazette.co.uk/blog/2023/03/thg-activist-investor/
https://www.proactiveinvestors.co.uk/companies/news/1012094/will-thg-results-see-concessions-made-for-two-new-activist-investors-1012094.html
@Yorek - Yes widely reported Sparta Capital and Frank Tuil are onboard THG. When it comes to activist investors Frank Tuil is regarded as one of the best, recent senior appointment from Elliot Management is Intriguing and anything but coincidental.
The official letter to THG BOD is classic Elliot/Sparta/Frank Tuil MO. Sparta sent an official letter to Wood Group before they also recieved an offer from Apollo soon after 🤔! Would I be surprised with another PE offer to drop soon, nope, these guys all run in the same circles, they must know what's coming. Kelso may just be doing Sparta's bidding with the former Elliot appointment!
From Kelso's letter
""whilst the share price remains low, THG is susceptible to an opportunistic bid""
Only good news for us small PI's. Whatever anyone's views are on MM, what I think everyone can agree on is THG is massively undervalued, this is from us small PI's, to MM, BOD, Kelso, Sparta, Apollo, SOTP, peers, recent deals like HOTC and all the other PE firms that have knocked on the door before.
An unlocking event has to happen. DYOR.
Https://www.thetimes.co.uk/article/moulding-turns-pac-man-to-gobble-up-more-kelso-shares-z9rzw9vpt
From Kelso's letter, they want an official announcement on demerger (doesnt have to happen right away) to drive up the share price, otherwise they see an opportunistic bid coming along!
I'm pretty sure they know interested parties are waiting in the wings, hence their urgency. We have already had 3 bids. And MM has said pretty much all the PE firms have knocked on the door.
Either MM gets a move on to drive up the share price, or PE will do it for him.
IMO what Kelso are suggesting is totally correct.
HUGE NEWS if they incorporate ingenuity's pay per pick model. Only asked this question last week. Its a win win win for anyone using Autostore, just common sense really.
@AS1 - Funny how we never ever get a 5p rise with the same speed Lol
A reminder of a very simple business case....
Let's take an ultra pessimistic view.
In Kelso's latest letter they state Nutrition peers are valued at 3-7x revenue and Beauty at 3-5x revenue.
To simplify the matter and take an ultra pessimistic view on valuations for all divisions, forget the lowest 3x revenue multiples, lets go even lower, and use 2x Revenue multiple instead!!:
THG INGENUITY
Apollo offered Significantly more than 69p.
Let's just stick with 69p, we will totally ignore what Significantly means!
Market Cap - £900 million
THG NUTRITION
At 2x Revenue
Market Cap - £1.5 BIllion
THG Beauty
At 2x Revenue
Market Cap - £2.4 Billion
TOTAL - £4.8 Billion or 370p per share (current shares in issue 1.3b)
Would love to know what MM has been saying to the big holders to keep them so quiet for so long. No one knows what MM's plans are to keep the 50% supportive and on his side! Looks like everything is coming to a head.
DYOR
Https://www.theguardian.com/business/2023/dec/13/federal-interest-rates-us-inflation
Markets look 6-9 months ahead.
This should now be rocket fuel for shares like THG.
DOW at all time high.
Nasdaq at year high
Cash will switch over to equities again.
Jerome Powell conceded yesterday, cuts will be made in 2024, and then no surprises also stated the most recent rises in interest rates haven't even taken effect in the real economy!!
IMO central banks went to quick too far as they were initially late, so panicked, now they will quickly unwind.
Matthew Moulding - £10.3m
Charles Allen - £1.5m
John Gallemore - £448k
Susan Farr - £50k
Total - £12.3m
Includes MM buying £700k of shares and gifting the shares to his friends.
MM also bought £2.5m of the charity shares, with the promise of returning the full upside back to the charity to complete the Seashell Trust Project.
www.business-live.co.uk/enterprise/thg-boss-matthew-moulding-frees-24375396.amp
This must be one of the highest if not the highest on the whole FTSE. Tells you all you need to know.
I think that's just a generalised statement for Ingenuity.
If you then read the Nutrition and Beauty divisions sections, they also state manufacturing, production and product development. Like the following from the THG Nutrition section:
"THG Nutrition manufactures and develops over 80% of its nutrition products by revenue in-house through a network of global facilities across the UK, USA, and Europe"
And the following from Beauty section:
"THG Beauty is informed by market and brand trend insights from its global consumer base to support brand partners with their new product development capabilities while its in-house product development and manufacturing capabilities enables independent brands to scale"