Member Info for stanleyb

AGM will be interesting....!

Are Jefferies smoking something or are they right?

E-commerce platform THG (THG) made ‘significant strategic progress’ in 2024 and the attractions its story are becoming apparent, according to Jefferies.

Analyst Andrew Wade reiterated his ‘buy’ recommendation and target price of 75p on the beauty and nutrition sales platform.

Would the CEO of a FTSE 250 really put Selkirk up to a fake bid for My Protein? It sounds very far fetched even by MM's low standards of Corporate Governance don't you think?

So one assumes Selkirk will shut up shop now they have failed to take over My Protein which they valued at twice the current market cap of the entire company despite My Protein/Nutrition only representing 35% of THG's sales revenues?

The FCA and Takeover Panel wouldn't have a clue if MM and Frasers are "acting in concert” the regulators are asleep at the wheel. It does seem unusual for MA to stop at 11% even though MM is trying his best to walk the SP down it seems?...There is probably something cooking in the background with Frasers taking Beauty leaving THG Nutrition as a stand alone business with plenty of cash maybe?. JAO Adyor!!!!

I think Ronnie Biggs would have done a better job. £1.2 million salary for doing nothing but oversee shareholder value destruction is certainly less risky than robbing trains or banks it seems? JAO!!

22 Mar 2022 07:00 RNS Number : 5247F

THG PLC.

Appointment of independent Non-Executive Chair, Charles Allen, Lord Allen of Kensington CBE, to chair THG PLC and work with CEO Matthew Moulding to drive growth and long-term value creation.......

Well done GLA for a job well done and taking circa£1.2 million in salary to date... 😆 🤣 😂 . JAO Adyor.!!

https://www.lse.co.uk/rns/appointment-of-independent-non-executive-chair-h64dsp5sd0lebgp.html

He is just a charlatan in the guise of a Chairman don't you think?... About the norm for your average Peer it seems, mind you, at least the £400k salary is on the books and not in a brown envelope like other MP's and Peers have taken for grace and favour work if the press stories are true He didn't get a free duck house for his pond did he? JAO Adyor!

Haven't they wound this fictional enterprise up yet? JAO Adyor!

GLA has done a great job...he was specifically brought in by Matthew Moulding to provide independent oversight of the BOD and to enhance shareholder value! Well done Lord Allen you deserve a Knighthood... 😆 🤣 😂

So the two 18 year old students from Barclays and HSBC who asked the most pathetic questions at yesterday's conference call have the nerve to cut THG's price target today...unbelievable..listen to the call it was laughable the questions they both asked..

Seeing as yesterday's headline Los of £204 million was a gigantic exercise in how to write off everything possible and blame it on the demerger..should well and truly have cleared the decks for a positive Q2 and Q3 update with no Ingenuity capex write downs etc etc..I agree with Jefferies who were in attendance at yesterday's conference call.

So the £204 million loss appears to be made up mostly of one off intangible write downs, reorganisation of tax losses related to the Ingenuity demerger split...etc etc...So until we get the Mid year results for RemainCo we won't really see the true picture as to how much profit THG RemainCo are now making since Paying down the debt, reducing capital expenditure by 80% post demerger, sounds about right?

Kitchen sinked the last years trading

accounts with Ingenuity still part of the group..allowed THG to write down everything possible whilst Ingenuity was still part of the group it seems? ".....In addition to the revenue decline, THG said the wider loss was due to a write down of previously recognised deferred tax assets. It said this reflected the split between continuing and discontinued operations, amid the demerger of its Ingenuity technology division, which led to a change in profile for tax losses and deferred tax recognition....."

Beauty £1.6 billion.....base valuation.... 1.5x sales...leaves THG Nutrition debt free with £1.1 billion in cash...Will make APN valuation of £300 million even more ridiculous.

There were only four analyst questions..Barclays, HSBC, Jefferies and some other clown..no mention of the Bid from Selkirk...

The Inland revenue will probably just invent a new type of tax...?

One assumes that the wider trading loss was clever accounting relating to the demerger, so no tax to pay for longer? THG reported a pretax loss from continuing operations of GBP202.4 million in 2024, widened from GBP92.3 million in 2023, as revenue declined by 6.8% to GBP1.75 billion from GBP1.88 billion. In addition to the revenue decline, THG said the wider loss was due to a write down of previously recognised deferred tax assets. It said this reflected the split between continuing and discontinued operations, amid the demerger of its Ingenuity technology division, which led to a change in profile for tax losses and deferred tax recognition.

Telex.. please learn to read an RNS... ot just the headline..!

"More details of FY 2024 performance will be provided as part of the Group's preliminary results and Q1 trading update expected to be announced on or around 30 April."

https://www.lse.co.uk/rns/completion-of-debt-refinancing-k72ofdchf6e029e.html

Pearls..So what you are saying is 64% of THG's non Nutrition sales revenue of £1.1 billion are irrelevant?