Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
“Q3 revenue exit momentum gives us confidence in full year continuing revenue growth of 0% to -5% (H1 2023: -6.1%).”
Setting aside their misuse of the word growth, if they deliver anywhere near flat revenue this year it’ll have been an absolutely stonking effort with OD gone & general market conditions.
No sight of any divi 😂😂😂😂😂
You’re on the wrong bb if you think anyone here is expecting a divi from THG, Jed.
There’s a deal being done here of some sort, I’m absolutely certain.
Some good media dropping… nice to see for a change.
The only reason I can think they persist in getting away with failing to update the market on strategy is because there’s an MBO in the offing.
Have to say, I thought they were pretty decent. Depends where your expectations lay, I suppose. Especially pleased to hear Beauty has returned to growth and Beauty seemed to improve in Q2 as decline narrowed. Also good to hear about Ingenuity & Asda partnership.
Downsides for me are Ingenuity.
That’s the deal yorek- all about the forward guidance and anything we might get on strategy.
Yeah, not the price action I was expecting this week really, but glad the wait is over.
Off to bed. Sleep well all & good luck for the morning 🤞🏻
Probably paranoid, Oculusprime but nobody really knows until tomorrow.
I’m not really expecting stonking H2 results. It’s what they say about Q3, Q4 forecasts and then strategy.
I’ll be looking forwarding indicators on performance and future prospects for potential corporate events - premium listing, MBO, delisting from LSE, etc. to determine whether I add more.
Fantastic news. Can’t possibly be anything other than positive for the MP meal sales and as a prime customer I may use it.
I’m hoping the Gary Neville bit is where he and Matt get on stage and **** themselves laughing at the skyrocketing share price fluctuation since results.
Saw licker’s post on here last night that MM was wrong to call us fast cash. I agree in some respects. There are many on here, like me, that have held a long time now and place continuing faith in the management team. I imagine a lot of us also form their most loyal customers. That’s why I think we have a right to know the long term strategy for each division and what is going on in the way I’m sure the 65% do.
That said, there’s a lot on here who clearly trade THG and just use it to make a fast buck. Many on here have two accounts, I reckon, and log on and post according to their position that week. They are fast cash - and I think MM is right about them and won’t care at all how successful they are at it.
I retain my view thought that you’ll never make as much trading in and out of this you will going long and being patient.
Totally agree n1shares. Long term this is a one-way ticket.
That’s why I’ll be holding on Thursday whatever the outcome, because this will 5-6x from here like Ratners did for Baz. Some might be happy taking a quick 150% rise from here but I’d rather wait 5 years and see those sort of returns.
Just been in to buy my lunches for the next couple of weeks. First time since returning from holiday (having been a bit slack returning to my routine). These are a godsend for me because I WFH and my gym stopped doing meal prep - which incidentally was double the price.
Bought: 2x sweet chilli chicken, 1x Katsu, 1x PP M&C, 1x bolognese and 1x S&P chicken. Plus 3 wraps, two tikka one peri peri. Will let you know how they go down.
Two freezers now, just as you walk in. WW now moved next to them so you have the healthy eating all together. Only got one of some because that’s all that was left. Others were well stocked.
Anyway, spoke to the manager at the till, asked how they were selling. “Brilliantly” was his response. “They’ve doubled the range very quickly which tells you all you need to know, and sales have really picked up since we put the second freezer on because they’re more prominent”. Assume people don’t walk past them now.
So very promising signs. My only gripe is that I don’t see much advertising of these. If I weren’t a shareholder I’d doubt I’d know about them. And I wouldn’t go in to Iceland otherwise. Went on to the Iceland website last night to look at the new range and nowhere to be seen on the home page, had to go through the menu system to “high protein” which I wouldn’t have known existed if I were y looking for it. Work to be done here to get the masses flocking to Iceland imo.
Said this before Manc39, but the potential for MP to launch core and adjacent products in to the big supermarkets (as well as ingenuity potential) were the two biggest factors.
By all accounts the frozen meals are proving a rip roaring success. Get them rolled out globally ASAP. I’m just about to buy some more and try the new range FWIW.
Get fresh meals, cheese, cereals, yogurts, etc, etc in the supermarkets and it’ll be genuinely transformative. £1bn revenue business here he come.
Going to be an interesting week guys.
Re: Apollo, I feel like a broken record but it was rejected on structure like the prior bid. The long-term backers would have had to have taken a big haircut and MM lose control. I said a number of times they’d want full control and that always made it unlikely. Just wish I’d had the faith in my conviction to sell up at the top.
Anyhow - the big point here is that we’ve had two bids way over current SP. You only need to read this board to see many would be delighted with £2.50+. Somewhere there will be a backer willing to buy the free float, allow the II’s to roll in and leave Matt at the helm, then re-float in the US in 2-3 years. And I reckon they’re in talks, hence relinquishing the GS and giving us little to no details on strategy. But I doubt it’ll be an Apollo/BlackRock - more mid-size or a Sovereign fund. I’m surprised it hasn’t been done already, actually, but maybe they’re waiting to confirm cash neutrality this year & positive next.
Whatever happens this week, sure there’s plenty more to play out
Honestly, if all I take away from THG is a £2-something, I’ll be gutted. I’m personally setting my sights much higher and prepared to wait it out.
I’d take a very quick sale at maybe £3+ but as times gone on even that is less appealing.
Despite it not being what I want, I can see it being a realistic outcome though. Cannot really see any other reason for not telling us the Apollo offer, liquidating assets or generally being silent on strategy/plans for growth.
*post.
But I’m sure your body is just fine too 😉 Especially if you’ve been using MP Nutrition.
Best body on here in ages .zstarz
Disagree that he hasn’t give justification Manc39. He told us the 170p was leveraged and would’ve burdened THG (correct as interest rates have transpired); the assumed £2+ because it wouldn’t let the existing investors rolled in and they wanted control which he wasn’t prepared to give up. So we know his red lines now.
I agree he doesn’t give **** about us. But why should he? Let’s face it, we’re just gamblers hoping to get rich off the recovery of his battered stock that the pond scum beat down to levels where we coupled sense there was money to be made. None of us would be here if it had bobbled around IPO levels.
And do any CEO’s care about PI’s? They only ever care about the big shareholders and their own interests. You’ll have a hard job finding a CEO that really cares about PI’s.
My view is that the more criminal failure is to tell us what the **** the strategy is, for each division and the timing, to release value. They should do this in the normal course of business but especially when they’re rejecting bids. Although that does make me think there’s other things afoot.