RE: Why SP is around 60P23 May 2023 10:58
Absolutely GoCPI, the 4x profit warnimgs didnt help but can be somewhat explained by macro climate and also as THG finally pivoted to focus on bottom line.
I also believe THG has very decent long term prospects, in no small aprt with Nutrition which is a gold mine with whey prices at many year lows, and demand improving for the last 4 quarters in a row.
i just feel THG would be better off without Moulding and the drama he brings. for sure it will be better when all shares are equal ie no GS, and when they finally move to premium market and take their place in FTSE 250. I actually think, in very tough circumstances (having to babysit a 53 year old man child) lord allen has done a good job in restructuring the board, and removing Gallemore from power, brining in 2 decent business men in Vivek and Damien Sanders. just need a professional CEO now, and no a cry baby