George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Sanks/goodtimes/northwich/StE55/all the other aliases you have.
How old are you? You sound like a total stupid moron. Its baffling how stupid you are. Even a 5 year old can set up multiple account and become a keyboard warrior, so dont start patting yourself on the back for that lol. There are massive holes (craters) in your passage.
'Only after a full year of accounts you say'
Yes all M&A deals take place after a full year of accounts Lol what about an MBO? Yes MM will wait until you get back in Lol
'PE will only buy when it becomes profitable again'
Why were Apollo then interested LMAO
Offering SIGNIFICANTLY more than 68-70p just for Ingenuity.
'You were long term until recently'
Loooooooooooooool
All i smell is bullshix and total absolute desperation, action speak louder than words.
Hardly many LTH's remain, no amount of FUD by insane people like you is going to move there thoughts 1 millimetre, a thankless job the trolls have.
Il let the others have a field day with you. Off on travels now for a few weeks, a place which MM loves ;), no input from me unless a major news story breaks with Sky News ;) lol. Obviously trolls will never take time off, shift work aint easy ;)
DYOR
Boom, quite simple, as the CEO has pointed out endlessly now, for many different reasons the market is completely broken for THG. How can it be valued at say 68p, yet a PE firm offers 3-4x or even more, why is the disconnect so vast, something is fundamentally wrong! Currently 2 out of the 3 divisions are valued at £0, why??
Hedgies are totally blinded by their hate for MM. However last several weeks has seen a total change in sentiment, and shorts have backed off, II expecting a capital event with everything leaking out of THG recently maybe hopping onboard, who knows!
Also agree with the cloaks and daggers with previous bids, however with GS gone, if PE come knocking say tomorrow, its a completely different ball game now!
Lets see how it plays out.
ATB
@Boom16, with regards to SOTP.
With all due respect, what you fail to recognise, THG will move towards SOTP if the LIKELIHOOD of a capital event taking place is very high. Cannot be 0% (no capital event), rocket to SOTP valutation at 100% instantly when and only if it happens! Obviously just doesnt work that way.
Key question is what are the CHANCES of a capital event with THG with all the information we know? SUPER HIGH, 80-90%? Some would argue even higher towards 100%. With all that we know so far GS, ICON, Dubai etc, also CEO categorically stating he absolutely hates the LSE (see zstarz post below), wants to take it private, each division on its own is worth more than todays share price etc etc !
Which is why Liberum very quickly switched to SOTP valuation and stayed there. Kelso have mentioned other analyst have also now switched to SOTP valuation!! And we know Kelso have been calling for a separation of Nutrition all along.
So yes, any other company, and valuation wouldnt be based on SOTP. However THG are in a unique situation with 3 separate divisions with all divisions totally separated early last year, we have huge value trapped, all PE firms knocking, CEO hates the market, ball is in there court how to unlock the value, no one has an idea how this unfolds, but most would agree something big is coming, inc the analysts and market now.
With all the recent FUD activity turning exponential, its the biggest signal lol yet, someone wants your shares desperately, this alone takes me from 90% to 100% chance of capital event on the horizon ;)
Famous qoute......"There are no coincidences, only signs of alignment" now its a case of "Its too coincidental to be a coincidence" LOL
LTH's will all look back (fingers crossed), and say how obvious was that Lol
IMO DYOR
Quite clearly a short attack took place yesterday as many have already commented. The sale of Ondemand was fantastic news.
We have some toxic people amongts us.
Rock8 posted around 35 times yesterday, more than 10% of all posts, quite some feat. Atleast 4 times in the last dozen posts, leaves a lingering doubt something doesnt come out in the sunday papers! Lol. If you religiously hate MM why dont you invest elsewhere?? Its quite puzzling, thousands of other companies out there with text book CEO, you would be so much happier!
Goodtimescoming/sanks(from advfn). As it started falling through 100p, he gave up on advfn and went into overdrive here, a post every several minutes. Last post at 16:31 LMAO. Obviously time to log off work when market closes ;)
I know its not accurate, but there were 4.5m buys vs 3m sells, yes perfectly explains the 10% drop LMAO. Some of the fast money was collected yesterday on a total non event, just some house keeping before the main event.
DYOR
A very good trading up, way ahead of projections, massive multiple tailwinds in play
Golden share relinquished early!
2023 FCF neautral, so £470m in cash, another £170m available
Huge director buy, £500k from a very stingy director Lol
MM sells property worth £250m releasing a huge cash pile, very suprising. Where and how will this cash be deployed?
MM goes to Dubai to meet investors, usually only conducts online meetings, rarely even goes to London!
MM posts about the Middle Eastern countries with huge capital to deploy
Apollo Bid. Valued Ingenuity alone at maybe todays share price, maybe even more, who knows! Were willing to go even higher than their initial bid!
Libererum went straight to 220p SOTP valuation
THG Sell Hangar Building at Manchester Airport
Kelso joins as Activist Investor. Maybe atleast 20+ Highly experienced, wealthy succesful businessmen, many Chairman or CEO's of other companies. They piled all their initial investment in THG. Most recent note...
https://www.investegate.co.uk/announcement/rns/kelso-group-holdings--klso/investment-in-thg-plc-update/7629620
Kelso point out inferior Nutritional company M&A is happening at 5-6x revenue multiples, THG Nutrition would be worth £3-3.5 Billion. Currently valued at £0 (ZERO), Nil.
Ingenuity pick and pay global partnership with Autostore
Ingenuity partnership with GOAT India
Matalan Live on Ingenuity
Ingenuity 10 year partnership with allbeauty
Ingenuity partnership with PWC
Ingenuity x Symbiome
Ingenuity partnership with AND Digital
Ingenuity x BigCommerce
Ingenuinity x Elastic Path
Ingenuity x Age verification company Yoti
THG Studios x Overlap Set
THG Studios winning multiple awards
THG CIO Voted No1 in the UK
New York Autostore completed
New partnership with Iceland
Myprotein Frozen meals and Pizzas launched
Sold 1million plus frozen meals in just a few weeks
Myprotein Icecream launched last week
Myprotein Icecream Bars, Cereal, Cheese and Yogurts and more to come soon
These Myprotein items will then be made available in other supermarkets and internationally
Myprotein In 20,000+ convenience stores in Japan and Asia
Myprotein in 2 of Germany's largest supermarkets
Myprotein made available in retail stores in Spain, Portugal and Denmark
In UK, Myprotein available in Asda and Morissons
Myprotein largest brand created in the UK in the last 20 years
Myprotein vending machines at gyms
Myprotein frozen meal vending machines a 1st.
550 ESPA Spas around the world, opened the largest Spa in the World in Qatar
Creed with just $250m revenue got sold this week for $3.8 Billion. THG Beauty revenue in 2022 was £1.2 Billion!
2 new heavyweight BOD members with extraordinary experience
Derampers have vanished! We all know who they are, everything they said were pure out and out lies!
Shorts have backed off.
MM's infamous video slating the City, and saying he
Myprotein has been mightily impressive, last 6 months have been immense, with new product launches, new channels and new territories, myprotein brand is becoming an FMCG in it's own right! It is actually mind blowing. It's like a different beast from 6 months ago, truly transformational. Cant believe its valued at nothing right now!!
However do not underestimate Ingenuity, its a powerhouse, underpins everything THG does. Most companies just about manage their own capabilities, what THG has created is unique, to then be able to provide the same suite of some/all capabilities for the likes of allbeauty, Homebase, Matalan, Coca Cola, Nestle, Modalez and hundreds of other companies etc is super impressive.
In this industry or any other industry if a company had to provide a similar service to the other market participants, they would self combust immediately, they just wouldnt have the capability, they wouldnt be able to even scracth the surface. Just some of the tools and infrastructure Ingenuity posseses:
Fulfilment
Security
Translation
One of the largest Studios in Europe
Infrastructure
Hosting
Marketing
Influencer
Glocalisation
Fraud detection
Everyone forgets about THG's own 35+ data centres around the world...
Ingenuity Cloud Services (130,000+ customers)
https://www.ingenuitycloudservices.com/
And now they have created out of the box solution for the Autostore bots setup for any other company to install globally, IMO the Ingenuity division has been misguided a little bit, misunderstood, led by Vivek now its powering ahead, hence why Apollo were willing to pay £1 Billion+ for Ingenuity.
They just need to unlock this value.
Https://mediabrief.com/myprotein-expands-and-diversifies-product-line-with-new-flavors-in-india/
Good to see continued global expansion, especially in a huge market like India, right now with Myprotein launching new products and reaching out in new territories seems relentless.
What THG excel in through Ingenuity, glocalisation...
https://www.myprotein.co.in/
Liberum, the independent broker, continues to re-emphasise its 225p target value, over two times the current share price, but it is also encouraging to see other analysts increasingly refer in their research to higher potential price targets centred around the sum of the parts valuation.
Also if markets were so so effiecient, THG would not be valued at 68p before Apollo bid, and Apollo then offer multiples, SOTP would not be 3x, all major PE firms wouldnt be knocking, highly experienced activist investors wouldnt be relaying the same thoughts!
Something is very wrong, market is totally broken, for a number of different reasons! For THG, the disconnect is uniquely amplified more than most for reasons we all know ;)
IMHO
@SOC totally agree.
Research done by major US institutions, UK is deeply undervalued, at just 20-30% of US valuations on average, in THG's case maybe 10% if that, to their peers across the pond. UK is dirt cheap, the whole UK or Japanese stock market is smaller than say Google or Apple. When capital reallocation takes place, it will be a major pendulum swing. Valuations in the UK are a joke, hence lack of IPO's, many companies want to IPO or relist in the US. With low liquidity stocks, Eg THG, 80%+ are sticky holders, most dont realise how quickly things can change, the drop was totally overdone as we had a forced seller. Big funds will soon shift money from overvalued US companies to undervalued companies in eg UK, Japan. Are we at the start of a major pendulum swing?
Head of a global asset manager said, its much riskier today investing in overvalued US stocks, its actually much less riskier investing in hugely undervalued UK or Japanese stocks. Mmmmmm food for thought.
Normally its an elevator down and staircase up. With THG are we about to see an elevator straight back up !
Obviously with THG, we may never get to see any of this if an MBO is in the pipeline or will we get a surprise. Absolutely no one knows whats about to come, however with major moves by MM in last few weeks, all we know is 'something' major iw coming. US Listing? Separate out Nutrition with an FMCG equity stake?
Lets wait and see.
Northwitch has an air of desperation written all over it. Wonder what the previous alias was???
By the way a total faux pas, shows your intelligence (lack of), THG gross profit was 41%+ last year, you dont know your apples from your oranges, pond scum will soon clear.
@licker - completely mimic the same thoughts, cant get my head around this! SOTP is significantly higher by their own logic.
Say tomorrow you sell off Ingenuity to PE, Nutrition to an Global FMCG, and Beauty to someone else, surely SOTP would bring in significantly more than 225p.
Are they just warming us up for the MBO at say i dont know 250p Lol, sounds like a good price to the 35% when SOTP is reiterated at 225p a million times Lol
Further good news.......
With UK's leading vend supplier
Supplier at 4 major airports
https://www.linkedin.com/feed/update/urn:li:activity:7085491138760990720/
Delighted to announce that THG Group have become our latest fully operated vending client .
The introduction and rollout of pay4vend every employee Who downloads £10.00 will receive another £10 free !
Looking forward to working with those brands that have already shown an interest to get involved in the rollout.
A very good trading up, way ahead of projections, massive multiple tailwinds in play
Golden share relinquished early!
Huge director buy, £500k from a very stingy director Lol
MM sells property worth £250m releasing a huge cash pile, very suprising. Where and how will this cash be deployed?
MM goes to Dubai to meet investors, usually only conducts online meetings, rarely even goes to London!
MM posts about the Middle Eastern countries with huge capital to deploy
Apollo Bid. Valued Ingenuity alone at maybe todays share price, maybe even more, who knows! Were willing to go even higher than their initial bid!
Libererum went straight to 220p SOTP valuation
THG Sell Hangar Building at Manchester Airport
Kelso joins as Activist Investor. Maybe atleast 20+ Highly experienced, wealthy succesful businessmen, many Chairman or CEO's of other companies. They piled all their initial investment in THG. Most recent note...
https://www.investegate.co.uk/announcement/rns/kelso-group-holdings--klso/investment-in-thg-plc-update/7629620
Kelso point out inferior Nutritional company M&A is happening at 5-6x revenue multiples, THG Nutrition would be worth £3-3.5 Billion. Currently valued at £0 (ZERO), Nil.
Ingenuity pick and pay global partnership with Autostore
Ingenuity partnership with GOAT India
Matalan Live on Ingenuity
Ingenuity 10 year partnership with allbeauty
Ingenuity partnership with PWC
Ingenuity x Symbiome
Ingenuity partnership with AND Digital
Ingenuity x BigCommerce
Ingenuinity x Elastic Path
Ingenuity x Age verification company Yoti
THG Studios x Overlap Set
THG Studios winning multiple awards
THG CIO Voted No1 in the UK
New York Autostore completed
New partnership with Iceland
Myprotein Frozen meals and Pizzas launched
Sold 1million plus frozen meals in just a few weeks
Myprotein Icecream launched last week
Myprotein Icecream Bars, Cereal, Cheese and Yogurts and more to come soon
These Myprotein items will then be made available in other supermarkets and internationally
Myprotein In 20,000+ convenience stores in Japan and Asia
Myprotein in 2 of Germany's largest supermarkets
Myprotein made available in retail stores in Spain, Portugal and Denmark
In UK, Myprotein available in Asda and Morissons
Myprotein largest brand created in the UK in the last 20 years
Myprotein vending machines at gyms
Myprotein frozen meal vending machines a 1st.
550 ESPA Spas around the world, opened the largest Spa in the World in Qatar
Creed with just $250m revenue got sold this week for $3.8 Billion. THG Beauty revenue in 2022 was £1.2 Billion!
2 new heavyweight BOD members with extraordinary experience
Derampers have vanished! We all know who they are, everything they said were pure out and out lies!
Shorts have backed off.
MM's infamous video slating the City, and saying he will stay in control!
Market has no idea how to value THG. Curr
Https://www.prolificnorth.co.uk/news/79052/
Activist investor Kelso backs 225p THG share target
A new account, so must be one of the resident trolls who have lost all credibility!
Wildtiger lol was he/she not the one who had some magical AI tool and sold up in the 50s LMAO
All the big boys will load up on any of the fast money still lingering, before it goes up to the next level.
OSG - totally agree, very intriguing comment.
Everyone can sense a major corporate event coming unlocking the trapped value, however no one has a scooby what that can be, possibilities are endless, maybe we will all be surprised. Some possibilities:
Premium Listing
Separate divisional listing
US Listing
Sell equity stake in 1 or more divisions
MBO
All my money is on MBO, he knows he is getting a bargain
DYOR
Thanks. Fantastic in depth update, essentially doing all our homework for us, we just need to sit back and relax.
LTH's here like Kelso know the real true value of THG and all 3 sivisions, like Kelso have repeatedly said Nutrition alone is worth multiples of todays market cap, easiest and most simple investment case on LSE, and no doubt an unlocking event is coming.
Then we have Beauty and Ingenuity!
Quite an incredible situation.