focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Nils better hope he keeps his job at the Guardian because I don’t think he’s ruled out a job at City Am 😂
Well given the news about the previous divestment was met with a 10% sell off I can only assume that City loves this ‘sort of corporate sprawl and drift’ and we should recover back to the 110p range in no time!
Nice one dafad. Hopefully some of this flows through in our numbers in Sept.
Massively overlooked - launch of the selfish drinks.
Gut health is a big area and another product that will do very well if we can get it in to supermarkets as a healthy alternative, I’m sure.
What has actually gone on there? Their valuation basically just proves the potential for THG…
Hope we keep our 25% day for when we’ve climbed to £2 though :)
Absolute genius move by MM.
I’m NOT a fan of constant LSE berating, but what he is talking about here is being a positive media outlet for good, unlike the the disgrace of the other British press.
I for example used to buy the Times and Sunday Times but won’t go near either now. Maybe there’s some hope…
Matt’ll be on to this in the morning!
Yeah hopefully OAC.
Would be lovely to recoup Fridays loss and move up to 110p this week.
Good rebrand.
Interestingly, just in the gym & seen 3 girls in MP gear. Never noticed it and three today. Looks good actually.
Could certainly increase readership by placing on the regional city trains first class services. Always surprises me that there are no free papers on there.
So, absolutely NOT what I was expecting to read this morning.
It’s utterly bizarre, especially off the back of other non-core divestments. I won’t pretend to understand it but will wait for the RNS and what they say about it.
But my first thoughts are:
- it gives THG a mouthpiece to help control the city narrative. Maybe we’ll see less LI posts but more business news delivered through this?
- 2m unique monthly views to the website is not to be sniffed at. I imagine advertising on Duce a site wouldn’t be cheap so potentially this pays for itself in how long?
Although they’re a lot cleverer than wot I am, so potentially other important factors like strategic relationships, etc they will benefit from. Sky say they’ve been looking at this for a while so clearly not a knee jerk thing.
“They’re very clever”.
I like that bit. I like my investments being run by clever people.
Like you say, hopefully consolidation over and ready for the next push up to the £1.20 range.
Not saying it’ll go down in a straight line, just that it will be a downward trend from here.
Although think the BOE should double down now. No time for pauses. Best to put this to bed.
It’s a one way street for this type of consumer confidence/inflation/economic data now. I’m not saying there won’t be bumps in the road but this is the direction of travel.
Kbyk,
That was really my whole point: IF MM is planning an MBO then he’ll have been doing so for some time and been able to align his team accordingly.
But he won’t want other counter bids coming in and I personally doubt he’ll want Q2 results published because we know for a variety of reasons they’ll likely be decent and therefore make the MBO more expensive. Other potential bidders will likely be waiting for these, so I imagine he’ll want to move beforehand and while they’re all on holiday specifically so they can’t organise themselves properly.
That’s my theory, anyway. If we get to Q2 results in September, which I hope we do, I think MBO chances will have diminished.
Spit simply
I think if he is going to make an offer he’ll do it a month or so before Q2 results, mid August when folk are away from their desks and least expect it.
If we reach Q2 results I think they’ll be decent, underline the potential here and make any MBO look way less attractive. So timing will be important for him.
Sorry, I forgot to add governance. That was once a big reason given for the fall. Despite the IPO being fully subscribed at £5 and these broker targets at £8, £9, £12 being given with the exact same governance in place.
But we now have a very experienced Chairman, NEDs, GS gone and some of the property unwound. Phew.
Yet of course, we still don’t warrant reinstatement of these original broker targets.
Hughes,
You only have to look at the historical ratings to know these guys make it up as they go along.
There’s absolutely no reason they should be giving 800, 900, 1200p targets a few short years ago and much 10 times lower now.
We’re arguably a much better business and in a stronger position now. Costs cut, partnerships formed, loss making divisions offloaded, FCF positive this year, significantly generative next & whey prices at 3+ year lows.
I just ignore them. They’ll put them up again when we reach £2.
Yes, quite possibly Josh, and hopefully!
Consolidated again, pretty flat all day, rose in to close which hopefully bodes well for tomorrow & hopefully another push over £1.