Thg Share Discussion Threads

[waltzing] 17/3/2024 17:31

I think mouldings got everyone on toast.

[disco1984] 17/3/2024 16:55

Toast, you were bang on.

Hindsight would be great, and I could have sold and bought back in.

And I will always agree that the majority the have pushed it down are right.

Just look at the share price 🫣

Cheers toast

[havinthelasttoast] 17/3/2024 16:52

Don’t think it needs to get to 40p for you to say you are wrong and congratulate me. However you did say after last results I called it right so I give you that.

Best of luck either way, my position is very small with a tight GSL so I don’t really care either way and will be delighted if you got surprise news for you.

[havinthelasttoast] 17/3/2024 16:42

Oke is never negative on a stock but if you wish to take the positive out of his post then fine

He says 2025 at earliest and he doesn’t see why any institutions would buy or add and there is no div and the price could go to anything. A rather negative post for a ramper but a fair one.

I personally in your position wouldn’t sell at 58p. You are too far under water and you don’t wanna miss out, I get it. The time to sell was at 90p when anyone with half a head would have looked at the data shared and got the hell out of dodge. I saved one man who used to post here (Apache) 150k with my data and he is out whole now despite having an average at one point of 1.15. Got him out like me in 4 months. I tried to help you boys too but you just can’t sell when down a bit.

Yes 92p you argued with me when I showed you all the data. The price had tanked to 87 by the time I let you all know but went up a bit the next days and you easily could have got out between 80 and 87 instead of arguing like burnt Bob that my data was wrong. Maybe you couldn’t get 92 as I can’t remember exactly. I got it though. How many investors did you mugs cost money listening to bobs daughters friend. You should be ashamed of yourself and he went away with the tail between his legs over to LSE saying he had enough over on advfn, but fails to say he was made to look a fool with his posted text message and the “smashed it “ from the staff member in thg

Anyway that’s it like I said. Let’s end the discussion we will see who is right again in a few weeks. If you don’t say anything to me I won’t reply. You have my word :)

[disco1984] 17/3/2024 16:41

92p?

Frankel, pretty much all your comments are negative so either ya master needs something or it’s personal with Matt.

It’s all subjective and only subjective.

Looking forward to the next few weeks regardless.

Why, because the content will get further down the gutter and less likely to influence anyone.

[disco1984] 17/3/2024 16:36

So it’s a decent hold toast?

[ste2000] 17/3/2024 16:16

you would nearly think OKE read Toasts post before posting lol



Hi Golden

Good to see you on the BB again

Opportunity knocks here if you are not already holding but it won’t be a quick buck from when we had the last 2 pops in

2022/2023

Sometime 2025 is my call / guess at best for a buyout

Just what price this drops to in meantime? There is no support or Institutional Investors going to buy in with Matts open hostility to the City and doubtful a 3rd party bid with the £260M of debt at current cost of capital

Throw in no dividend and Matt telling everyone on Friday he’s up for a fight and he holds in excess of 25% with the employees, can’t see any reason to add/ buy just yet but a decent hold if your still in the stock ?

[one_frankel] 17/3/2024 16:15

It may all seem conjecture presently but what bloody assumptions have you made apart from bowing down to your undisputed king Disco!

[ste2000] 17/3/2024 16:14

Toast told you whats what at 92p disco, if it hits 31p double bottom its worth a punt

[havinthelasttoast] 17/3/2024 15:26

As I said nothing more negative.

Love to hear why the compelling investment disco. Maybe will change my mind. Cat got your tongue

[srs8] 17/3/2024 13:08

Thank you, “I won’t say anything more negative” that would be appreciated

[havinthelasttoast] 17/3/2024 12:56

I have every previous Numis report and they absolutely said what I said, where did I say it was latest report. It was an old report. Numis reiterated on Black Friday their price target in case you didn’t know.

To keep it simple answer this and especially given that business is getting worse.

“500m was my own valuation. It is based on the current structure of ownership and the leadership we have and how moulding
Has made it Crystal clear there will be no break up and he will not be leaving as ceo. If a business will never make any money and will keep diluting shareholders and is controlled by moulding who will never sell then is it even worth 500m and on what basis ?”

Tell me how and why this is a compelling investment for investors at this price ? How do we get an actual return and why would anyone partner with moulding as imagine this is the only angle that can be used, and how would that look ? Dilution is currently a lot more than growth over the last years. The business would have to grow 50 percent to keep up with dilution the last years would it not ?

Here is my prediction which I am sure will come true. This will go down and down and down and moulding will end up with so much effective control it will be stolen for a 100 percent premium at around 50/60p. That’s my genuine prediction here. I await why anyone should invest based on above comments but I won’t say anything more negative. I am seeing massive deterioration in asos,thg and boohoo businesses when they should be growing now year over year. It all won’t matter if this Russia war escalates which is may very well do. Not looking good hence the oil price increases.

[srs8] 17/3/2024 12:55

that report you mention was issued on 14th July 2023, and does not contain anything about share issues.

since the last July Numis report (for a private indivual and not wider market) they have made no comment on THG as they do not cover. since then Jeffries have issued buy at 105p on 14th March 2024, Liberium issues buy at 220p on 16th Jan 2024, Citi buy at 110p on 16th Jan 2024, and Bank of America buy at 125p on 6th October 2023. the overall analyst who cover target price is 101.4p as of today, and whilst analysts are not always right, as we know, as Numis was mentioned, and this is therefore an analyst coverage discussion, seems only right to bring in the wider community views.
For balance Barclays are equal weight at 85p and JPM underweight at 48p, both in Dec 2023.

[havinthelasttoast] 17/3/2024 12:48

Think they have are a lot more qualified than you Disco and they are one of the brokers that has been absolutely spot on along with JPM I believe. Only under water investors think there is a conspiracy. Not sure if you felt the 500m was linked to Numis. Read my comments again they were two unrelated comments, Numis was related to the share based payments only and the 500m was my own valuation. It is based on the current structure of ownership and the leadership we have and how moulding
Has made it Crystal clear there will be no break up and he will not be leaving as ceo. If a business will never make any money and will keep diluting shareholders and is controlled by moulding who will never sell then is it even worth 500m and on what basis ?

As Liberium says their valuation is based sun of the parts but if that is not likely to happen they will have to move to DCF valuation and given Q1 and Q4 this valuation will likely be under 50p. It prebisoily was 55p and they increased to 220 on sotp. I have Liberium reports also. Perhaps you would like a photo of one of the pages ? You can not get these online disco, you have to know a broker who has them.

[havinthelasttoast] 17/3/2024 12:46

As you also know the reports are pretty big so I would have to go back over them all to get the exact quote.

It states words to this affect “share based awards are repetitive in nature and are removed from the companies preferred way of presenting profits as adjusted Ebitda, and we question if they should be included as normal expenses”

I was one of the people who stated that Numis had stopped covering THG so I am surprised you think you had a “gotcha” moment lol.

[havinthelasttoast] 17/3/2024 12:41

This is not a link. This is a previous broker report. As SRS knows I have all full Numis reports that are not for public consumption and for subscribers only. I have previously shared one with him.

[disco1984] 17/3/2024 12:18

Toast,

Regarding srs8 comment.

Please post link where you have seen this?

You don’t lie, so I would like to read the link 😉

[srs8] 17/3/2024 12:13

Given Numis stopped coverage of THG in Q4 2023, they would not have commented on the shares awards this month.

[havinthelasttoast] 17/3/2024 11:52

The share awards have been commented on by Numis.

In their view it’s really remuneration , and the reason that they continue to get shares regardless of bad results. If you note that their adjusted EBITDA excludes these share payments so it’s a way to make profit look more. Pack of Donuts work in their marketing , all they do is torture people multiple times per day and they ain’t worth diddly squat. You could run THG on less than 2000 staff, it’s for the muppets ran by the muppets.

[yobstol] 17/3/2024 11:41

This is where all your PIs need to make sure we vote at the AGM. If Iain McDonald managed to get 24% voting against him then I’m pretty sure we can give MM a bloody nose. It will be very embarrassing for him as a CEO that many people want him out.

TBH I’m not sure giving people THG is an incentive ??! Part of the benefit for working for a big company and being in the share scheme was that you would see the directors caring about the share price and you were getting richer. To work for THG I can’t imagine people wanting to be part of it’s share scheme??!