Member Info for stanleyb

As stated by THG in recent RNS's........Specifically, capital expenditure will reduce to c. £20m pa (FY 2024 pre Demerger guidance: £100m to £110m) and cash lease costs will reduce to c. £22m pa. Future cash generation will facilitate a measured reduction in gross and net leverage, with RemainCo targeting continued progression to a neutral net cash / net debt position.

The cash proceeds of £103 million from Claremont disposal will contribute towards reducing net leverage and borrowing costs in line with THG's capital allocation strategy targeting a neutral net cash / net debt position...Net debt of £321.4m (H1 2024: £350.5m), reduces to c.£220m proforma for the Claremont Ingredients disposal. Following the refinancing and THG Ingenuity demerger, gross debt REDUCED by £374m..

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...."

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

Adyor!!

Sparsam, you could have also asked him what he did with the £130 million Capex and Loan interest savings post demerger, as the money seems to have conveniently dissappeared from the accounts, as it seems the 2025 profit will only be £37 million from this "HIGHLY PROFITABLE CASH GENERATIVE BUSINESS"? 🤔 Maybe the £130 million savings have dissappeared down the back of MM's office chair???💺 🤔

The post Ingenuity demerger £130million annual Capex and Debt Interest savings seem to have dissappeared into someone's back pocket. The CEO and Chairman said "THG RemainCo was HIGHLY PROFITABLE CASH GENERATIVE BUSINESS", so if it has additionally saved £130 million post demerger, where has the cash dissappeared to on the balance sheet???? 🤔 JAO Adyor 🙄

On the news..Lord Eco zealot Milliband has blocked the UK from drilling more than 1billion barrels of oil worth £70 billion in lost revenue, despite the fact that we will still have to import that 1 billion barrels of oil from the middle east oil barons... Lord Milliband seems to be a fully paid up member of the Chinese Communist Party. Meanwhile China, India, USA etc etc still burning 1,000 times as much fossil fuels than UK...that's why the UK economy is crashed and housebuilding is grinding to a halt! UK de t £3 Trillion and growing fast..!!!!

Maybe Mr Ham could ask Matt where the £130 million in post demerger capex and interest payment saving has gone to in the financial update?

Is that why Barclays brokers just issued a 30p target...Barclays new guy still gunning for THG? Seem very childish at all levels to carry on with this ridiculous spat!!!

Yes, maybe he can get to the bottom of the accounting practices? What don't you understand about THG RemainCo being HIGHLY PROFITABLE CASH GENERATIVE BUSINESS prior to the demerger?

Proxy that's not correct, Ingenuity was not profitable so that discounted income is irrelevant. The CEO and Chairman stated that The Nutrition and Beauty divisions were already " HIGHLY PROFITABLE CASH GENERATIVE and capable of paying dividends, that's even before the £130 million in Capex and Debt interest savings. Therefore assuming THG was going to make £75 million in profit for 2025, add on another £130 million in direct expenditure, that gives you circa £200 million annual profit for THG Nutrition and Beauty for 2025 does it not? So where has the £130 million in savings gone? 🤔

Does the serious fraud office need to look into the accounts of THG? You can't state that you have a Highly Profitable Cash Generative business that has additionally recouped another £130 million Capex and Debt interest savings not posting at least that much in profit? 🤔 £200 million should be the minimum profit for 2025 surely? JAO ADYOR 🙄

Continued....it would surely meany THG RemainCo should be posting annual profit for 2025 of at least £200 million..I.e. £130 profit from debt and capex expenditure and £70 million of existing profit from the business as stated previously despite Whey costs? It seems £130 million has dissappeared somewhere? 🤔

If THG Nutrition and Beauty were already "HIGHLY PROFITABLE CASH GENERATIVE" businesses before the demerger as stated by the CEO and Chairman last September. What has happened to the £100 million in savings from reduced capex and the £30 million savings in Loan interest following repayment of ££380 million of Debt especially after the receipt of £102 million from Claremont disposal? Has the money been syphoned of by the directors?

As stated by THG recently........"Specifically, capital expenditure will reduce to c. £20m pa (FY 2024 pre Demerger guidance: £100m to £110m) and cash lease costs will reduce to c. £22m pa. Future cash generation will facilitate a measured reduction in gross and net leverage, with RemainCo targeting continued progression to a neutral net cash / net debt position...."

😆 🤣😂.. he's locked in the janitors cupboard, probably looking for his mop and 🪣.... just about qualified to mop the floors at THG HQ..!!!

That the news that Polb needed...but it doesn't seem to have anything like this?

https://www.lse.co.uk/rns/immupharma-files-new-patent-application-for-p140-gw9x8ej2tocqv3h.html

HMRC don't even know the difference between a cake and a biscuit..they lost £tens millions fighting that case with McVities.. HMRC are a bunch of lying thieves 🙄 worse than scooter riding bad snatchers!!!

https://www.astonshaw.co.uk/jaffa-cake-tax/

1388p by Christmas..JPM must be right as they were pumping this for twelve months after the IPO..how much were they paid??? JAO ADYOR 🙄

I'm sticking with JPM's 1388p target...

Why does THG allow Barclays etc on conference calls...they seem to send the office tea boys?

So where has the £125 million savings gone in the accounts 🤔?

One question not asked, if capex has reduced by about £100 million post demerger and interest payments reduced by 60% then sure that circa £125 million would become profit?

On short tracker