Member Info for stanleyb

THG vs APN still makes no sense even for the most sceptical investors.

THG RemainCo =£1.72 billion annual sales with possible £110 million net profit. Company valuation £350 million.

APN = £99 million annual sales with circa £12 million net profit. Company valuation £300 million...

Adyor!

Filtered them...they have shorts open and just doubling down...!

Https://www.lse.co.uk/rns/q4-2024-trading-statement-2tx8ubiykyr2qoi.html

Dividend will probably be announced at the official 6 month interim results, as not usually done a Quarterly trading updates..JAO Adyor

Thanks for that Matt?

Assuming THG following through on the previous Q4 update with all of the positive "statements" paying a dividend would still leave the company with enough spare cash to reduce debt and hold cash....have a read...

https://www.lse.co.uk/rns/q4-2024-trading-statement-2tx8ubiykyr2qoi.html

I don't think Putin, Trump and Xi will be going after THG Beauty and Nutrition products 😉...Big ticket items like Cars, Expensive Holidays, New Houses and Electrical goods always get put back first. Not lives little luxuries...!

A dividend declaration at Q1 update would burn the remaining shorts, exactly what MM wants to do if you believe the guy!

£1.72 billion sales at 7% net margin after costs = £120 Net profit before tax. A dividend could and should be paid, that still leaves cash to reduce debt and cover other items that would benefit shareholders. 🤔 If the Chairman and BOD don't follow through on their statements then the only reason would be seen to be corporate fraud don't you think? JAO Adyor!

Despite what you say the Chairman and the entire BOD including the CEO have made these statements...e.g. RNS Number : 4140E

THG PLC 17 September 2024:

"......The Board is committed to the highest standards of corporate governance and will be required to continue to report against the provisions of the UK Corporate Governance Code following the Transfer. The Transfer is conditional on the approval of the FCA, and a further update will be provided in due course with respect to anticipated timing of approval and subsequently eligibility for the next FTSE Index review.............Post a demerger, the Group would consist of THG Beauty and THG Nutrition, two globally leading consumer businesses, which are highly profitable, cash generative and capable of paying dividends...."

https://www.lse.co.uk/rns/escc-transfer-ingenuity-demerger-update-11s0rr0th1uzg9o.html

If they don't follow through on this then it doesn't say much for executives of FTSE 250 companies following UK Corporate Governance Codes does it?

You're continuously talking like someone who has a short not someone who owns the stock?

Funny that...If you think that what you still doing here.?..If recent statements in official RNS communications by the THG management are true, then the only way RemainCo aren't making good profit now is if MM and the BOD are siphoning off cash to offshore accounts don't you think?

As the management stated in September's RNS (brlow) that post demerger RemainCo is (and I quote).." Highly Profitable"...then if sales achieve last years total from RemainCo's two divisions of Just Beauty and Nutrition of £1.72 billion, then you would only need a net margin after all costs of just 7% that would give you £120 million FCF.. so not anywhere near double digit required.?

It stands to reason from the previous management "statements" that with nearly £100 million reduction in capital expenditure post Ingenuity demerger and significant savings from the £234 debt reduction, leaving THG RemainCo business "highly profitable and able to pay dividends"..if VAT rebate case is won then that's another big cash bonus and Whey prices crashing, then a 3p dividend should easily be available to shareholders as that would only cost about £40 million from what should be an easy target of £110/120 million FCF for 2025 financial year.

In reality now Ingenuity has gone private then THG RemainCo is a Highly Profitable business with annual sales over £1.7 billion as stated by MM and the BOD...Whey prices have crashed more than predicted...£234 million paid off debt, Capital expenditure reduced from circa £110 million down to low 20's millions...the company paying much less loan interest, also remaining loan renegotiated to end of 2029..therefore the company should be making tons of FCF, enough to pay a good dividend of circa 3p/share in the management's own words. The only thing stopping positive things happening is if MM and the BOD are acting in a criminal manner? If so they should be investigated by the relevant authorities and struck off etc if there is any case to answer don't you think?...Quite simple really isn't it with nothing more to say? JAO Adyor!!!

RNS Number : 4140E

THG PLC 17 September 2024:

"......The Board is committed to the highest standards of corporate governance and will be required to continue to report against the provisions of the UK Corporate Governance Code following the Transfer. The Transfer is conditional on the approval of the FCA, and a further update will be provided in due course with respect to anticipated timing of approval and subsequently eligibility for the next FTSE Index review.............Post a demerger, the Group would consist of THG Beauty and THG Nutrition, two globally leading consumer businesses, which are highly profitable, cash generative and capable of paying dividends...."

https://www.lse.co.uk/rns/escc-transfer-ingenuity-demerger-update-11s0rr0th1uzg9o.html

Oke..enough theories for one week...give us a break!

Agree Licker...Oke and a couple of others, one being Moulding's mouthpiece are deliberately spreading FUD here all of the time..

It seems that the annual £400k is a bribe to keep his mouth shut otherwise he gets the chop don't you think?

A compromised Chairman in the pocket of his CEO...not a good look for a fully listed FTSE 250 company is it? JAO Adyor!

Just face it the CEO and Chairman appear to be corrupt don't you think? Interesting what Kelso will be saying at the next AGM. JAO Adyor