Thg Share Discussion Threads

[imjustdandy] 23/3/2022 12:19

We will be up 270% v shortly

[tomzimerman] 23/3/2022 12:18

I know, let me sell here and buy dddd up 70% in the day. Lol

[imjustdandy] 23/3/2022 12:09

Takeover target shortly according to Liberum

[hamhamham1] 23/3/2022 11:31

And if there wasn't any issues to tackle, this would be 600p+ And not such an appealing (for me) investment case at those levels, buy currently its an unbelievable sub 100p.

[hamhamham1] 23/3/2022 11:28

The share price is so low compared to the results figures, EBITDA, yoy rises across the board, etc that yes the city investors are frustrated, but that can and will be fixed, it's better that than having falling sales and EBITDA but a great boss.

[hamhamham1] 23/3/2022 10:39

Well I have an average of 113p here.
Am happy to hold, all the quarterly updates point to the figures heading in the right direction.
Hold for a couple of years, personally I reckon back to 500p+ area by then.
But hey, time will tell. Sit on hands for the meanwhile.

[welshwiz] 23/3/2022 10:05

Putting the featherweight Lord in the Chair will just weaken the S.P to new low's.
His involvement with 2 Sisters and ITV FFS.
Comedy Gold.

[itscominghome] 23/3/2022 09:48

New chairman doing the trick then - really helped the share price LOL

[boix] 23/3/2022 09:36

No I am expressing some concerns.
I am sure there was PE interest but there was no RNS so it clearly did not move beyond initial interest.
Let’s see in April but we are not out of the woods yet although the new chairman has extensive experience with dealing with PE groups.
I am sure he will help moderate MM’s valuation aspirations.
IMHO.

[sankshiela] 23/3/2022 09:29

BOIX is a wolf in sheeps clothing
Tread with care with this slippery eel

[boix] 23/3/2022 09:25

This is the reality
“ The challenge may be whipping into shape not just the group, but Moulding’s price expectations.”
The PE interest never went any further as they never asked to see the books - no RNS.
I assume they realised the valuations were poles apart? - might be a leap but the FT comment supports the possibility.

[sentimentrule] 23/3/2022 09:21

Boix, it also captures the solutions taken to date and highlight how future issues are solvable

[boix] 23/3/2022 09:16

Thanks Tom
The article nicely encapsulates the problems ahead.
The hint about price expectations is rather telling.

[tomzimerman] 23/3/2022 09:02

From yesterdays article in the ft Part of my job is taking the bullets," Lord Charles Allen once told the Financial Times during his executive career. "But you can only take so many bullets."Matt Moulding, co-founder, chief executive and until Tuesday, executive chair of the retailer formerly known as The Hut Group, has been taking plenty of metaphorical bullets. Allen, the new independent chair, is going to have to absorb some too.Despite a governance upgrade initiated in October, there is little sign that a fight against a sceptical City is getting easier for THG. Its shares have more than halved since it unveiled plans that would cut back Moulding's formal control of the group.A corporate tidy-up now under way is welcome. Though the company has yet to make the move to a premium stock exchange listing it promised, it insists plans to do so are on track. Moulding's golden share should go when it does. Meanwhile a troublesome share pledge has been unwound and a controversial government loan appears to have been settled. There has been a flurry of internal corporate activity, reorganising company structures and subsidiaries.Allen's appointment is welcome, too. He has executive experience at Granada and ITV, and non-executive positions. That is clearly better than having Moulding both as chair and chief executive of a company whose strategy and execution is under question.But the clubbable Scot's record as chair is not exactly conclusive.Neither Danish-listed ISS, where he stepped down last year, nor FTSE 250 construction group Balfour Beatty has demonstrated spectacular share price performance.THG highlights his "consumer, retail, digital and media expertise". But, ironically for a man who was once derided as one of the "cost cutting caterers who know nothing about television", thanks to his background with Granada and Compass Group, Allen's resume of the past three decades is now dominated by the media. On top of Granada, ITV and Global, he filled non-executive roles at Endemol and Virgin Media. His expertise in online retail is less obvious.If THG's problems are ones of public perception rather than operational performance, however, Allen should have relevant skills in abundance.More tellingly, perhaps, THG cites Allen's "experience of working with entrepreneurs". He chaired the "chicken king" Ranjit Singh Boparan's 2 Sisters Food Group for nine years, through the food safety scandal. He has chaired Ashley Tabor-King's Global media group for 15 years. That suggests Allen is good at getting along with founders. It is less clear that he will serve as a heavy counterweight to Moulding.Ultimately THG needs something more substantial than a governance overhaul to turn round its relationship with investors, as the muted share price reaction to Allen's appointment indicates.The City does not trust that THG's Ingenuity platform has the financially transformative prospects implied by the £4.5bn valuation SoftBank effectively put on the division last year. More than that, though, investors remain cautious on the financial performance of the company's core businesses such as make-up and Myprotein. The company's current valuation has THG trading at an enterprise value to sales ratio of 0.4 times or 4.9 times forward enterprise value to ebitda, according to analysts at Liberum: a "distressed valuation" they insist is "wholly inappropriate for THG". Someone with substantial online retail experience in the chair might have helped. Beyond that, there are broadly three things that could arrest the decline.One is for SoftBank to do something with its option to invest in Ingenuity other than let it lapse. THG's share price indicates investors do not hold out much hope.The second is some kind of corporate activity. THG still has to update the market on plans to spin off various divisions, which seem a stretch. The quickest way for investors to secure value would be for someone to take it out. Allen has abundant experience with private companies and the buyout sector, from his days as an adviser to Goldman Sachs and as EMI chair after the Terra Firma takeover. The challenge may be whipping into shape not just the group, but Moulding's price expectations.The last is steady, operational improvements, being clear about financial performance and meeting guidance. THG has not found that easy. The likelihood is that until it happens, THG continues to take bullets.

[griffo221] 23/3/2022 08:44

You got a link Nash

[nash19] 23/3/2022 08:25

Excellent opinion piece on the FT on THG.

[griffo221] 22/3/2022 22:39

Get this share price up to a reasonable level and cut the BS

[billionarebob] 22/3/2022 20:57

Looking forward to Ingenuity update:


March 22, 2022
humm announces new global partnership with THG, following FCA approval | Fintech Finance

humm, part of ASX-listed Humm Group Limited, today announces its first major global partnership with THG plc – enabling end consumers to pay in 5 or 12 instalments, offering up to £3,000 interest free over a maximum of 12 months.

The partnership with the global digital-first consumer brands Group follows humm’s announcement of approval by the Financial Conduct Authority as an authorised provider of consumer credit in the UK. The multi-market agreement will be rolled out across the UK, Ireland, Canada, Australia and New Zealand.

In the UK and with humm’s focus on growing its UK merchant base ahead of a full consumer launch later this year, the alternative credit provider will be used as a payment option by THG’s own brands, which include allsole, ESPA, Glossybox, MyBag, Coggles, IWOOT, TheHut.com, Lookfantastic and Myprotein.

humm will integrate with THG’s end-to-end technology platform, THG Ingenuity, allowing brands to offer humm’s interest-free payment options ‘pay in 5’ and ‘pay in 12’ internationally. The partnership will enable humm as a payment provider for consumers making big ticket purchases through the platform as part of its vision to support consumers throughout their financial lives.

As part of humm’s ongoing commitment to customer protection and responsible lending, both payment options will require the first payment at the point of purchase, as well as robust credit and affordability checks for all purchases.

Humm UK and Ireland CEO, PJ Byrne said: ‘As we continue to grow our UK presence following FCA approval, we’re thrilled to be able to bring our global reach to THG brands and partners.

We’ve seen a huge increase in demand for split-payment solutions, embedded directly into e-commerce platforms, bringing benefits of flexible credit directly to customers. This partnership is the next step in our ambition to bring the credit market into the 21st Century, offering a range of credit solutions at different stages of customers’ lives.’

[billionarebob] 22/3/2022 20:42

Listing update, separation update (ahead of schedule), softBank update, PE update, Results update, lots of news coming in the next few weeks :)

[average down mug] 22/3/2022 16:57

🤡☝A039; booom ha haaaaaaaaa!

[sentimentrule] 22/3/2022 16:05

Cute …it’s notcoming home and f56 and talking to each other. Flids you sit opposite each other in your poverty call centre. Forgotten how to simply talk. MUGGYMUGMUGS

[f56] 22/3/2022 15:49

i.e. retest old highs and move back down?

[f56] 22/3/2022 15:45

You’re right, about the NASDAQ that is. Short term rally?