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https://www.google.com/amp/s/www.bbc.com/news/business-64706726.amp
Average energy bills will drop to £2,153 by July.
When some were predicting £6k+ just a few months back, misinformation and fear is a powerful tool Lol
Clear as day there is coordinated shorting activity on THG, we all know it, and we all know "exactly" who they are.
Do not waste your time, or even bother engaging with them, that is exactly what they want!!
Switch off, enjoy your time with friends family etc! Buy, hold and accumalate if you can, we all know it's totally disconnected from all fundamentals.
Kelso and their 20+ investors have all told us this, and think exactly the same. Just read their investment RNS into THG, includes everything you need to know. These are very wealthy and very connected individuals!
Iceland deal, Big!
Autostore partnership, completely game changing, market sleeping at the wheel without the RNS! With this partnership with Autostore & 8 Global top 20 FMCG's onboard, people will still tell us Ingenuity is worth nothing LOL
QIA onboard, MBO a very distinct possibility anytime, can pull trigger at literally anytime.
Kelso onboard, huge news, hugely experienced individuals with alot of power and connections and access to capital want to unlock the trapped value! Separate listings?
Premiun Listing, could be game changing again.
Just got to sit back relax, and wait for the inevitable day when this completely turns, how many times have we seen this. If THG was £2.50 (lol) today, no one would even be arguing it's over valued.
Noticed MM suddenly very active, is their a route to unlock this trapped value close? Sounds confident. Interesting times. 18 months in the doldrums, shackles will break soon enough.
(Lower the activity on these boards, the better it is for us! I see activity has definitely & considerably dropped off from 12 months ago.)
IMHO. Always DYOR.
Adios.
This is only heading one way now, and the shorting brigade know it.
Number of shares 16.2m
Many in sticky hands!
Guess what is going to happen when this consortium start hoovering everything up over the coming weeks, upto 29.9%????
Will they even change tact and just buy the company.
Will one of the previous suitors from last year show there hand!
Seems like a similar scenario from 12 months ago when this peaked at £23. Supply and demand.
We know 2 things as facts.
Supply is very very small with BOOM
Demand is going to be ubsatiable!
Simple economics suggest price has to rise.
IMHO They have started buying in the last 1-2 weeks, but only recently started by dipping their toes in, as there has been no TR1 notification!
"On 15th February 2023, Eliot & Luther ("E&L) informed the Audioboom Board and it's financial advisors that it has entered into an initial Consortium Agreement in respect of ordinary Audioboom shares representing more than 10% of the current outstanding shares. The Consortium anticipates that the percentage holding it represents WILL INCREASE SIGNIFICANTLY IN THE NEAR TERM with additional members joining and increased shareholding by existing members, but the consortium does not CURRENTLY intend to increase the level of such holding above 29.9%"
All those sniffing around last year, will be scrambling right now. This was only communicated to the board yesterday, hence no time for RNS yet!
With yesterdays RNS at 120% premium for 7DIG, just shows the undervaluation in UK technology companies, if they don't rerate they will be swallowed up. Audioboom are in a massive growth industry, this medium is only growing, they are profitable with plenty of cash, someone will snap them up.
Only looking at the US podcast market, where Audioboom are the 4th Largest, market is set to DOUBLE by 2028, with a CAGR of 27.1%!
Board know what they have, and it would take a huge bid to prize it away from them.
£12 was flatly rejected in 2021.
As I understand, atleast 5 maybe more parties, we are talking the likes of Sony, Spotify, Amazon were interested last year, no idea at what price, SP touched £23.
CEO constantly buying must have an exit plan, and some of these companies must surely be sniffing around at such a low valuation.
As pointed out the usual revenue multiple in this sector is maybe 6-7, currently we are on 1 times.
IMHO
https://www.thetimes.co.uk/article/share-tip-inspecs-has-a-view-to-making-you-richer-g2rw9lr22
This should genuinely multibag over time
Manufactured and sold over 10million frames in 2021
https://www.investegate.co.uk/kelso-group-holdings/rns/investment-in-thg-plc/202301310700083309O/
Don't read anyone's views here, simply read this Investment Note in full.
A few important points:
This was their 1st investment! I'm sure there are thousands of other companies out there, however they chose to invest in THG, wonder why!!!
Highly experienced Board, ex Zeus Capital, interestingly broker still Zeus Capital
25+ HNW individuals investors in Kelso, imagine their friends circle. You would think they would spread the word, and start piling in here, as they have identified a clear disconnect in value!
Kelso believes that the separation provides THG with significant strategic optionality. The potential to separate parts of the business could provide THG shareholders with significant upside from the valuation of the business today
Kelso believes that the current stock market value does not reflect the underlying value of the sum of each of the main THG divisions.
IN PARTICULAR, Kelso believes that the Nutrition business, which incorporates the MyProtein and MyVegan brands, could alone be worth in excess of the entire current market capitalisation of THG
Were these guys one of the bidders from last year! Who knows!
Resident derampers will turn EVERYTHING into a negative, as Mr Hull just did Lol
As pointed out, do some research, it's not some teenagers that have started a new activist fund up, it's Business heavyweights with 30-40yrs plus experience.
They see massive upside, and they want to unlock the value, like all LTH's want.
"Nutrition ALONE is worth significantly more than todays market cap"
Happy to keep on adding, value will be unlocked soon.
https://www.sharesmagazine.co.uk/news/shares/thg-shares-rally-on-news-of-buying-by-uk-activist-investor
Shareholders in brand platform provider THG (THG) extended a warm welcome to specialist investment firm Kelso Group (KLSO) after the latter revealed it had taken a small stake with an offer to ‘help unlock value’ in the business.
Shares in THG jumped as much as 7% to 58.5p before easing back to trade up 4.5% at 57p by mid-morning.
WHO IS KELSO GROUP?
Despite having a market value of just £10 million compared with THG’s £825 million, newly-listed Kelso boasts some heavyweight talent with experience of bringing about change ‘where existing shareholders are unable or unwilling to do so themselves’.
Recently-appointed non-executive chairman Sir Nigel Knowles is currently chief executive of legal services firm DWF (DWF) and is a former co-chairman and senior partner of DLA Piper where he spent over 38 years.
Chief executive John Goold, a chartered accountant and corporate finance expert, is the former boss of Zeus Capital, having helped raise over £5 billion for the firm's clients.
Kelso says its mission is to ‘identify, engage and unlock trapped value’ in UK small cap and mid cap companies where it believes the value of the business is ‘significantly greater than its current value’.
WHY HAS KELSO TARGETED THG?
Kelso has taken a 0.4% stake in THG with the purchase of five million shares at 54.5p, saying it believes the company is ‘hugely exciting but significantly undervalued’.
It hints that hiving off parts of the group could provide THG shareholders with ‘significant upside’ from the valuation of the group today compared with its £5.4 billion valuation at IPO back in September 2020.
In particular, Kelso believes the Nutrition business, which incorporates the MyProtein and MyVegan brands, could be worth ‘in excess of the entire current market capitalisation of THG’ based on valuations of deals in the sector in the last few years as consumers shift away from sugary treats to health and nutrition.
It also notes THG rejected more than one takeover approach last year, referring to a non-binding offer price of 170p or more than three times today’s share price.
OAC - Precisely my thinking! 25 high networth individuals, and first investment in THG! There will be a plan for a major corporate action, by all the murmurring spin off of Nutrition looks like the most likely option . Just read the following......
About Kelso
Kelso was established in 2022 to identify, engage and unlock trapped value in the UK stock market. Kelso's strategy is to invest in situations where there is an anomaly between the intrinsic value and prospects of a company and its stock market valuation. Kelso will, in particular, look for situations where it believes the sum of the parts of a business is greater than the current value. The company completed a fundraising of £3m in January 2023. Kelso believes that the current market conditions are such that there are situations where UK listed companies' valuations are not appropriately matched to their underlying intrinsic value. There may be instances where Kelso itself could be used as a vehicle by an undervalued company to spin off a subsidiary into its own listing. Such a transaction would undoubtedly constitute a reverse takeover for Kelso.
They aren't just passive investors, they will want to make major changes to unlock value, the whole point of their fund and their wealth of experience, this is far far bigger than the money they have put in, they will want multiples. Let's see how this is done, we all know SOP is £2-3, what are they going to do....
Kelso, which on its website promises to "identify, engage and unlock trapped value in UK-listed companies" and "effect change where existing shareholders are often unable or unwilling to do so themselves"
Kelso noted that separation of THG into its three main divisions “provides THG with significant strategic optionality” and “could provide THG shareholders with significant upside” as it believes that the current stock market value does not reflect the underlying value of each of the divisions.
In particular, Kelso said it believes the Nutrition business, which includes the MyProtein and MyVegan brands of vitamins, minerals, high-protein snacks and drinks, “could alone be worth in excess of the entire current market capitalisation of THG”.
THG is Kelso's FIRST investment, from thousands of companies. Tells you all you need to know!
When the value plays out here...
Again Nutrition mentioned as a benchmark gor selling mmmm
"Kelso believes that the separation provides THG with significant strategic optionality. The potential to separate parts of the business could provide THG shareholders with significant upside from the valuation of the business today. Kelso believes that the current stock market value does not reflect the underlying value of the sum of each of the main THG divisions"
Tells you all you need to know. Sit tight, and patience,should be multiples, these guys have reaffirmed investors outlook by doing all the due diligence!
First QIA then these guys.
Any guesses on March dividends?
Obviously after Results in a few weeks we should all know!
They paid out 10% last year in total, 23/24 could see spectacular returns.
GS have a price target of 480p, i would guess they will revise this up throughout the year.