Member Info for Ste2000

Not true at all STE55, the loan is transferred to the new owner. moulding will steer clear min 100m; which buys a lot of THG shares

obvious a short attack is currently underway

What you guys are discussing is exactly why there is so much negativity towards THG from the establishment. none of us know who owns what when it comes to the property THG rely on for their day to day business.

My guess is this hangar sale is new, and is not the 40m freehold (this was sold in H1 as evidenced by cash outflow only being 40m - its included here)

then we have the airport hangar sale to LCN Capital Partners

and the icon business park to SLBI Propco C, which is managed by property firm ICG Longbow

both of the above are owned y Mouldings prop co company (and were essentially given to Moulding as part of the IPO deal in exchange for him to assume the debt and to forgo some shares) - this happened before IPO ie before any of us could have owned shares, but was a very poor deal for THG lets say, and a very good deal for Moulding

lets hope he uses all this cash to make THG share holders a very good deal for their shares, as he is clearly cash rich at the moment

GLA

I would suggest using ebitda multiplier. Most UK retail is trading at z11 to x15 of ebitda, but are growing faster than THG/ UK ecom retail.

So if THG does 120m editda this year, SP would be between 101 and 140 - this does not assume debt which is more than 500m (inc leases) which would typically be deducted.

If THG can achieve 200m in 2024, which is needed to be FCF positive, and assuming no more dilution (unlikely), then SP goes to 170 to 230p (again no debt deducted)

This is very played now. short tracker will be interesting later. expecting a material increase to justify the mess of today.

THG guided to increased ebita, and better than expected cash flow. we then got analysts target increases from Barclays and Jeffries.

and yet we are lower than before we got this news.

My guess would be shorts loaded up yesterday when we hit 80p for the 5th time. and now we are seeing their algos go to work.

does amaze me why THG stay as they are on the LSE - it is unlikely to change as the investor register and lack of II and tracker funds allow this. even if results were good many updates over, shorts can still just reload on the peak of the rise and short it back down.

needs either a premium listing fast (tracker buys), MBO, or JV.

So we are now lower than before the TU. what a farce. yes interest rates are +0.5% but has had no effect on asos or boo

Agreed she was utter crap, she was an embarrassment in the analyst Q&A.

good to see moulding being so ruthless

In boohoo RNS

Rachel Horsefield will be included in the future independent board appointment process. Rachel most recently worked as CEO of Beauty at THG plc, and brings with her a wealth of direct relevant experience and expertise in the beauty sector.

tbf she was rubbish, and destroyed beauty margin

Post would agree simon bowler at Numis comes across as passive aggressive, smug and antagonistic at all analyst calls

and his deputy at the last call was just an idiot - made a very basic error on where thg manufacturing sits within the p&l; very emabrassing for him and calls into doubt all their reports

That was a damp squid. at least mould seemed relaxed

Defo agree on a plan B - dubai then GS going does suggest something. THG comms have really highlighted Nutrition divison recently- could be a deal with FMCG

Best to ignore the city lie, only pops up when information is already in the public domain, then exaggerates

No its not that. ftse is flat, and all other ecom retailers are now up same as THG. unfortunately and as usual, shorts are manipulating us. its gone on for so long now, its standard operating procedure, but is very annoying

So Jefferies have increased their target SP to 95p buy and Barclays are positive, but of course Numis remain moany, almost like they have a grudge - grow up Bowler, you really are a petulant child

Analysts at Barclays welcomed the update: “We take two key positives from the company’s statement today — operational momentum is improving and further steps towards cleaner governance are evident.”

Numis was more bearish saying “the path to break-even profit/cash remains opaque” and “valuation looks out of kilter with peers, but this update looks to be at least be a step in the right direction”.

https://www.ft.com/content/573e2717-64da-4ba3-aa72-e86e7aa16b5f

Topped up 25k shares at circa 76p. seems like it is algos/ shorts supressing (as usual), bit agree odd as its a very good update, and SP is barely higher than boo or ocado.

THG needs to break 77.2p to move up. lets hope it does. to be up les than 2p on that update isnt right

Cash outflow for S1 23 is only 40m vs 271m for S1 22

that is a very very impressive improvement

well done THG

Https://www.thg.com/investor-relations/analyst-consensus

consensus looks healthy and 2024 added

well done THG, well done. thank you for reacting and listening to us and the Market. very impressed

Great news - i was mocked for asking IR for a trading statement, but good on THG for issuing one, and not at all surprised to hear Nutrition doing well

thank you Lord Allen and THG for listening to PI, it means a lot

re-rate today

And exactly my point on updating the market. next are known to be best in class/ THG is truly at the other end of that scale, but they cannot make shareholders wait until mid sept for a Q2/H1 trading update.

really helps to show the difference in how both companies manage the market, and the respect they show or dont show to their retail investors