RE: APN V THG20 May 2025 10:45
More like THG vs APN vs SIS vs RevB
Selkirk's recent (fake?) offer for THG My Protein upto £600 million, rejected by MM and the BOD like previous offers as "Significantly undervaluing the division and brand" in so many words very much like the Apollo offer of 170p/share rejected by the CEO and his BOD etc for the same reasons was it not? .THG total current company valuation (including My Protein and Beauty divisions with total sales £1.72 billion) as of 6th May 2025 £320 million, just compare this to THG's My Protein Nutrition Sales circa £600 million last year with a current market valuation of that business at just around £90 million today. (Represents only 1/3 of THG's total business as per Full year 2024 results. Whereas below comparisons showing just how significant THG's total business is undervalued to its peers, i.e.
APN Sports Nutrition Sales 2024 circa £100 million (1/6th of THG Nutrition sales).
Sports in Science Sales 2024 circa £52 million. 1/12th of THG Nutrition sales).
RevB Revenues annual sales for FY25 £141.6m, down 26% year-on-year. 1/4 of THG Nutrition sales).
The combined sales of these three other UK listed Nutrition and Beauty companies is just £292 million compared to THG's Nutrition and Beauty annual sales of £1.72 billion, yet those 3 companies have a combined valuation of over £400 million compared to THG @ just £340 million...THG's current market cap looking more ridiculous every day considering how well it is progressing with big international partnerships in bothof its Nutrition and Beauty brands according to THG's recent annual report presentation and conference call. Yet £700 million of gross profit appears to be dissappearing into a black hole? ... How can the CEO of a FTSE 250 company be the CEO of Ingenuity a private company with exclusive contracts with THG? Where was the due diligence by the BOD, Chairman and NED's etc to ensure shareholders were not short changed by the Ingenuity demerger contract with THGRemainCo? Lots of questions for the AGM. JAO Adyor.!!!