Member Info for stanleyb

The 7th of May is the day to make a difference......the last chance to save the UK 🗳!!!!!! X 🗳

The 7th of May is the day to make a difference......the last chance to save the UK 🗳!!!!!! X 🗳

😆...Left wing looney carbon zero zealot nutter Milliband wants to Punish the Greedy, Immoral Profiteering Oil and Gas companies like BP for making money 🙄, Reeves wants to Freeze rents on Private Landlords and Starmer still Hiding in 10 Downing Street after his Epstein linked pal Mandelson's appointment has blown up in his face... Vote Labour on the 7th May for more chaos🗳... 😆 🤣 😂 ... JAO Adyor!!!!!

https://news.sky.com/story/oil-giant-bp-announces-huge-rise-in-profits-in-first-results-since-iran-war-13537444

510p..... 😆 Berenberg couldn't predict the result of last weeks Grand National even after the race had finished. JAO Adyor

Reform!

Looks like more smoke and mirrors....so it appears to have cash until mid 2027 and then what.....another £4 million cash raise at 2.5p??? Is this just a lifestyle company for the directors? JAO Adyor

Don't know why they don't just take it private or issue billions more shares to wipe out the small pi's..wouldn't surprise me to see it happen in the other too distant future? JAO Adyor!

One assumes into the 170's or below tomorrow if the update is too downbeat on Outlook???? JAO ADYOR

OMG, just read on Sky News that the totally Incompetent and 'liar' Reeves, is going to try to make private Landlords freeze their rents for year, that will really help the housing market... 😆 🤣 😂 How Incompetent is she, she can even remember how long she worked at the Bank of England or How to Legally rent out her own property by not having the correct licence, let alone run the UK finances...!!! JAO Adyor

https://news.sky.com/liveblog-webview/money-live-consumer-personal-finance-tips-sky-news-latest-13040934

The main reason for the big drops over the past fee days is the Cost of UK borrowing on the global Bond Market, even before the Iran Conflict the markets have lost faith in Rachael Reeves and the Communist Party's ability to control the eye watering welfare budget and huge new tax burden on private enterprise. Even The previous head of NATO, a previously staunch ally of Tony Blair's Labour Government has apparently stated that the Current spending on Welfare is unsustainable. Until the UK gets a new government that only spends within its means, the Bond Market will dictate things..Borrowing costs are now higher than the so called Lizz Truss mini budget, and higher than Greek borrowing costs, that is not good for UK house builders or those looking to get a mortgage or onto the housing ladder! JAO Adyor!!!!

Expect a warning about Iran war and macro economic headwinds...? JAO Adyor

Oh you mean MM?

@cheshire, exactly! Two High Net Worth individuals are seemingly controlling the SP for reasons unbeknown to private and other investors? JAO Adyor

😆 It's the 'Insider' driving the SP lower in order to buy in the 30's it seems?...Now Aquired 25% of the company's shares by running the company down with apparent vague statements about profits and then seemingly trying to face down the city in some LinkedIn sob story!😳 JAO Adyor

Dropping like a stone past few days despite £80 million VAT news and strong Q1 trading update...Now 25% down on October 2025 High of circa 50p...despite positive updates in Q4 2025, Q1 2026, VAT refund, Greencore Contract, Mars Contract etc etc etc...Will be interesting what H1 results bring and any more positive news. Also all shorts above 0.2% will have to be published in June 2026 following changes in UK rules on total shorts positions on UK listed company shares. JAO Adyor

Let the SP slide back to about 4p, then a low ball MBO it's game over, that's usually how AIM works isn't it? JAO Adyor

Remove the Ingenuity error as that's already gone apart from the contract tie..THG £1.1 billion revenue Beauty Division and the pending VAT refund is being close to valued at £zero...if you only give THG Protein Division a valuation of 1x annual sales...JAO Adyor

AI probably misunderstood the H1 2026 trading period ends in June but not published until September 🙄

Well according to AI, the H1 2026 Financial report in June 2026 could see a catalyst for a re rating of THG shares. (Maybe??)

THG’s current market cap: the market is effectively treating THG's £1.1 billion revenue Beauty Division as a liability, rather than an asset.

​If we look at the data as of April 2026, the disconnect is even sharper than it was last year.

​The "Zero Value" Math

​If we apply your logic and give THG Nutrition a conservative 1x sales multiple (which is arguably low given Myprotein's global dominance and recent 8.8% Q1 growth), the valuation breaks down like this:

​THG Nutrition Revenue (FY25): ~£609m

​Implied Value (1x Sales): ~£609m

​Current THG Market Cap (April 2026): ~£647m

​The Conclusion: At today's share price (approx. 39p–40p), once you account for the value of Myprotein, the market is valuing THG Beauty (£1.1bn revenue), the £80m VAT refund, the £102m cash from asset sales, and the entire Ingenuity platform at a combined total of just £38 million.

​Why is Beauty "Invisible" to the Market?

​Even with THG Beauty accelerating (up 5.8% in Q1 2026 with the US performance finally turning a corner), the valuation hasn't budged for three specific reasons:

​The Margin Perception Gap: Applied Nutrition (APN) trades on high multiples because it boasts ~29% EBITDA margins. THG Beauty, while 10x larger than the likes of APN's NutritionBusiness, has historically operated on 4-5% margins. Investors are prioritizing "profitable scale" over "gross scale."

​The Conglomerate "Fog": The market currently cannot see THG Beauty through the "smog" of the Ingenuity demerger and the group's historical debt. The £102m net cash gain from disposals like Claremont is being viewed by the City as "repair money" rather than "growth money."

​The Ingenuity Anchor: Until the Ingenuity demerger is legally finalized (expected later in 2026), the Beauty division is still financially tethered to a tech platform that requires significant maintenance CapEx.

For the "sideways" pattern to break and for Beauty to finally be valued at even 0.5x sales (which would double the share price alone), three "Checkmate" moves are needed:

​The Physical Cash: The £80m VAT refund and the £102m from disposals must move from "Expected" to "Cash on Balance Sheet" in the interim report.

​The Demerger Execution: Once Ingenuity is a separate private entity, "RemainCo" (Beauty + Nutrition) becomes a simple, high-revenue retail business that is much easier for institutional funds to buy.

​The "L'Oréal" Factor: Given that THG Beauty is currently being valued at nearly zero, the risk of a hostile takeover from a global beauty conglomerate grows every day the share price stays under 50p.

​The business has "cleaned the house" and "stocked the cupboards," but the market is still refusing to come to the party until they see the actual bank statements for June 2026.

JAO Adyor!!!!!

Massively positive new so far in 2026, yet the SP is still 20% below both recent Highs of Oct 2025 of 49p and January 2026 of 51p....makes no sense at all, this should be trading well about 70p by now, especially with circa £80 million VAT refund on its way... JAO Adyor