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Did they here ne this morning?
This is the key!
"..provides it with material optionality and
flexibility to enter into future strategic partnerships to generate value accretion for its stakeholders."
Something big next? Big player?
Morning fellow THGers
I have done a quick review of the latest Instagram post from MM - is he giving us some breadcrumbs in this photo collection?
Summary
2005 Ingenuity power Asda
2009-2021 Zavvi 0 sales to £73m
2010-2021 Beauty £20m to £1.1 bln
2011-2021 Protein £21m to £660m
All common knowledge but super sales growth all the same - sum of the parts £3bln valuation?
That would nice but I too think that the work going on in the background to add shareholder value won't be announced until the 15th Sept.
Significant points I have noted - appointment of CEO at Ingenuity. No Director buys at all (except the new Chairman). No updates on Softbank. Something is definitely going on! PE could unlock significant value here going forward - it's certainly worth at least £2.20 from Citi!
Morning THGers - another week!
Looking at the current market cap (£985m), THG's assets, the turnover of the company and the the fact it made acquisitions of £700m last year then this valuation is totally crazy!
Let's get the re-rate done with a positive announcement as there is a lot to announce!
Understanding the Market
They will play with this like a cat plays with a mouse until something is announced - I ask myself this question - if trading is "As the company expected" why no release of a Q2 update on the numbers - what's holding them back on a strategic update which is completed by now supposedly? Why did Allen drop a £1m in at 86p?
Something still going on here!
2xg