The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
AS1 why do continue to ruin your good posts with nonsense like your post below ???
Everyone is leaving is a long long way from being factual but lets pretend your right. From memory there are circa 1,300 companies listed on the LSE main market. At its bare minimum "everyone" would be more the 50% and yet I bet you cannot name 130 companies (10%) who are actively planning on leaving so why exaggerate to such a stupid level and in doing so detract from the real fact that the LSE needs to take action to improve on a number of fronts.
Whilst my the majority of my comments towards Matt are neutral or negative, I have occasionally posted positive comments so I am not a Matt hater or any such thing. I am in agreement that LSE is in drastic need of an overhaul but its nonsense on one hand for Matt to suggest the LSE is the primary reason THG share price is so low whilst there are countless LSE shares where I think the share price is too high.
The LSE is not the reason the share price is so low no matter what Matt says. The reason is no one in the wider investment community trusts a word Matt says and that is entirely of Matts own making. We all know what he needs to do so I won't labour the point.
"Physician - heal thy self"
I know a lot rational people will struggle with my suggestion but let's pretend you're right ;-)
The old adage states that "everything that is currently known about a share is reflected in the share price". So why has the share price spent the majority of 2023 at less than a £1.00 🤔
I can only assume "crafty investors" is somehow aligned to Matt's camp and he/she can submit long posts all day and night, it changes absolutely nothing.
Crafty Investor I have a very simple and basic question for you, please explain why the market as a whole currently believes THG is worth circa 70/75 pence a share ?
GoCPI numbers make good sense and should be a reality check for all folk dreaming that my protein is currently worth 2 or more billion.
As for balance sheet goodwill - you would do well to take onboard Buffet & Mungers opinion ~~~ its a con created by accountants to massage the numbers.
As the 12th night beckons and the decorations are put away for another year my goodwill towards all THG shareholders will hopefully remain on display throughout the year. I am comfortable with the wide range of viewpoints even if I occasionally express my incredulity at some comments.
I am uncertain as to what the next set of results will produce but the last year has taught me to expect more frustration with a set of numbers bathed in caveats and opaqueness.
Ps I would be delighted to be proven to be wrong
"Thats a falsehood Blinky - It wouldn't be the case if they all kept using THG Ingenuity."
I suspect the falsehood is actually that they would continue to use Ingenuity if they were sold off which is exactly what happened when the canny Mike Ashley bought ProBikeKit off Matt for a song. Even with a low buy price Matt could not tie Mike into continuing to use Ingenuity for his fulfilment and that begs the question why ?
What I fear given Matt's track record of building in interdependency into all aspects of the business ( for example him being the landlord etc) if he did split the divisions and list them separately he would have clauses/contracts stipulating that beauty and my protein used ingenuity for the next 5 or more years which would reduce their ability to be free standing and competitive.
OSG I always read your posts as they are often informative and I have axe to grind with you or anyone else but the following is complete and utter nonsense.
"Remember - they have already had two approaches for THG Nutrition in the last year already. That's what Moulding told all at Q3 update. One of them incidentally I would bet money on being Mars - as it wasn't long prior to their agreed takeover of HotelChocolat."
There is absolutely zero evidence of any bid for MP, none whatsoever but you still find a way to segue from that into saying you think one of the invisible MP bids was probably from Mars ! For my money you might well have said the bid was from Pluto or Jupiter.
THG is not a share to invest in, its a short term traders dream, a punt for medium term holders like me and a reoccurring nightmare for long term holders.
I agree the LSE is not at performing at its best and reform is urgently required but to call the handful of companies leaving a "relentless exodus" is at best misleading. Unfortunately even mainstream journalism has succumbed to the social media trend of "click bait" headlines.
You can post ad infinitum OSG, it changes nothing. While Matt Moulding is in charge this share is nothing other than a "punt".
I will exit when the time is right for me because whilst there is clearly a possibility of decent increase in share price there is a far more obvious possibility of the share price remaining in a 65-95p range and I have absolutely no confidence in the belief that it will the subject of a successful bid in 2024.
As for people saying Apollo bid more than £2, thats nothing more than deliberately misleading nonsense. The Apollo offer has never been made public and I would be utterly amazed if it was close to £2.
Finally comparing THG to Hotel Chocolat is daft, there is no useful comparison.
Seasons greetings to you. You are correct, it's currently 100% Matt's train set. We bought tickets for one destination only to find the train got derailed, once back on the tracks it's heading off to another as yet unannounced destination.
Matt doesn't give us a second thought, he really doesn't give a flying you know what about PI's.
I long ago gave up speculating about what will happen and when. I also try my best not bang on about Matt because it changes absolutely nothing, he is never ever going to change whilst he has control so it's a case of sell up and move on or hold and hope that we come away with a decent profit in the next 12 months. Festive best wishes to one and all.
I have no idea who won or what role they have at THG, suffice to say though I still believe that £50k of shares is excessive for a company that does not make a profit and has historically underperformed but everyone's on here is welcome to hold different views because ultimately this a subjective matter.
I wouldn't read too much into this. Big global players tend to "pilot" lots of third party software to benchmark their own software and see where there's room for improvement.