THG

Thg Plc

62.64
3.40 (5.74%)
Share Name Share Symbol Market Type Share ISIN Share Description
Thg Plc LSE:THG London Ordinary Share GB00BMTV7393 ORD GBP0.005
  Price Change % Change Share Price Shares Traded Last Trade
  3.40 5.74% 62.64 899,575 08:37:36
Bid Price Offer Price High Price Low Price Open Price
61.90 62.58 62.66 60.86 60.96
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Misc Retail Stores, Nec 2,239.23 -539.96 -42.70 - 907.64
Last Trade Time Trade Type Trade Size Trade Price Currency
08:37:32 O 1,500 62.5184 GBX

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Date Time Title Posts
30/5/202300:09The Hut Group47,743
26/5/202315:33THG with better charts 935
22/5/202314:35THG is Boots deal coming?35
27/2/202307:56Hindsight shorters 🍋2
14/2/202310:54WARNING ⚠️ LOSER ALERT 4

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Thg (THG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
07:37:1162.644,1042,570.75AT
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07:36:3662.52318198.82O
07:35:4362.622,0231,266.83O
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Thg (THG) Top Chat Posts

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Posted at 25/5/2023 18:11 by billionarebob
So, to summarise the waffle, Fugazi Frankie has a valuation of 1.68 billion or 1.40 per share just for THG Nutrition as long as results are good.

RNS a couple of weeks ago said q2 2023 has continued to be positive, so £1.40 it is, and we can have THG Beauty and THG Ingenuity for free.

The current share price is 57p, so many multiples are to be made from here.

Big Pond Scum Nonce is yet to make a valuation for THG Nutrition, but there is no surprise there :)

Posted at 25/5/2023 10:16 by billionarebob
I guess it is a matter of opinion, but I believe the pond scum has contributed massively to the share price decline.

MM has to get THG away from the LSE before September and the end of his GS

His posts on socials have seen to that, ALL bridges have been burned.

The shorts know this which is why they have moved on.

Something is brewing and until it breaks the share price is going to languish around 55 to 60p

Everyone even the Pond Scum knows that the SOTP is worth more than the current share price which is why none of them will put a price on THG Nutrition.

This will multi bag AGAIN when news breaks and I see this as a buying opportunity.

Am buying on the dips as is my normal practice, buy cheap sell high.

I am hoping the value is unlocked soon as I need to sell another chunk of my THG shares to pay for my next lot of holidays

Personally, I think the share price will rise quickly and drop quickly a few more times before a deal is done.

Timing the top slice is tricky but profitable when you get it right :)

Posted at 24/5/2023 17:47 by billionarebob
f56 there are several PE interested in THG, this has been well documented.

You are right the value is based on the bidder and it is rumoured Apollo bid over two pounds a share. This was rejected as being to cheap!!!

Current share price 57p.

Deal will be done before September, buy low sell high. THG will multi bag AGAIN before then.

THG cannot stay listed on LSE, MM has seen to that.

My bet is the QIA, all it takes is an RNS to say they have started to load up and this will rocket.

hTTps://www.theguardian.com/business/2022/oct/18/thg-shares-rise-softbank-sells-stake-moulding-qatar

All big shorts have packed up and moved on, they know what is coming.

Get your nob on the the table at these silly prices to maximise your return.

Posted at 24/5/2023 00:09 by billionarebob
THG Investor Information:

THG turn down Apollo's bid rumoured to be over £2.00 per share as to cheap

Liberum update THG to BUY with SOTP value £2.20

THG selling off none profitable assets

Brian Kennedy has acquired 37.2m shares, giving him a 2.86% interest in THG.

THG Ingenuity inks partnership with BigCommerce

THG and Maximo Group get it together in a ten year deal

An activist hedge fund, founded by a former executive of the fearsome US firm Elliott Advisors, has taken a stake in THG

Global Autostore pay-per-pick deal

THG shares are up 100% since the recent ATL

Kelso ALL IN on THG

Kelso looking for undervalued comps & reverse TOs

Kelso double-downed on the valuation of THG Nutrition in 31st Jan RNS

Kelso CEO John Goold knows and respects MM

Plus:
The market demands cost-cutting and profit.

50M Free Cash Flow H2

2000 staff reduction

100M cost savings with a further £30M to come 2023

Capex reduction

Cash flow positive FY 2024

EBITDA margins in excess of 9.0% over the medium-term

Plus:
Record sales of GBP2.25 billion in FY

Shorts have reduced

Whey Prices falling dramatically

Group bids of 3.9B and 1.7B rejected

Plus:
Several, that is between 3 and 5 whales in the pipeline

1 billion GMV predicted for 2023

Ingenuity is currently priced at zero

WWP copy Ingenuity with Every Mile and failed

Ingenuity space for 14 billion GMV

CEO Ingenuity Vivek Ganotra - ex Salesforce

8 of the top 20 Global FMCG Clients, including Coca-Cola, Nestle, Modalez

New fulfillment centres in New York, Dubai, and Melbourne.

New Jersey is fully automated and currently live, the rest are to be automated this year

Plus:
THG Beauty and THG Nutrition
Both No1 pureplay globally in their own market

Cash Acquisitions £900m+ in 2021

Qatar Sovereign Wealth Fund is a major holder

CEO has bought £38m worth of shares in the last 18 months

Chairman appointed in March 2022, has bought 2.4million shares

Valued at x0.3 in USA valuations in 2022 for similar 33 times more

MBO rumours are rife in the City

Analyst values THG Beauty more than the whole group.

FCF by 2024

Numis caught red-handed spreading FUD about accounting

10 Million apps downloaded

80% returning customer rate

THG shares are currently trading at 58p and IMHO are very oversold.
I agree with The Bank Of America's buy signal and there statement

The Hut Group business could offer one of the highest returns in online retail.

Plus:
Iceland Deal

Asda Deal

German Supermarkets deal

Co op deal

Heinz - Ed Sheran deal

Pizza deal - 28th March 23

Ice Cream deal

MyProtein Vending machines are now in pure gyms

Last several postings by all directors about Nutrition and the brand value

THG Virtual MyProtein Gyms - New Project THG XReality

Posted at 23/5/2023 16:06 by billionarebob
NY Boy, Apollo have THG as a buy they valued THG Ingenuity on its own at more than current share price for the whole group.They wanted it that much its rumoured they offered over two pound a share. This offer was rejected as cheap.Buy cheap, sell high.Get in at these levels b4 the share price starts moving north again.GS goes in September, and THG has to delist. This will multi bag again b4 then.This is a raging buy, so get your nob on the table, and don't be the wrong side of the trade.Buy on the dips, even Frankie has THG at £1.40 a share, and that's just for THG Nutrition :)
Posted at 23/5/2023 14:04 by billionarebob
Frankie also thinks a 2.5 multiple for THG Nutrition is reasonable.

Put simply he values THG Nutrition at £1.68 billion or £1.40 a share.

The current share price is 58p and he doesn't see THG as a buy.

Says it all really :)

Posted at 18/5/2023 09:02 by billionarebob
MMs reply in LinkedIn says it all reallyPond scum are at it againhTTps://www.linkedin.com/posts/matthew-moulding_londonmafia-ft-activity-7064856251712626688-PVDG?utm_source=share&utm_medium=member_androidHere's an insight into the weekly "fun" in running THG. Yesterday, an FT reporter called THG today. He's writing a damaging story, claimingTHG's auditors (EY) have made a startling statement in the small print of our accountsHidden in the Risk section of the audit report, EY says there is a potential "fraud risk" in terms of the possible recognition of revenues in THG's Ingenuity division.We were given 2 hours to respond before the FT would print.Sounds sensational, right? Straight after the cal, THG's share price starts to fal, losing 5% despite market share prices rising in general.It's amazing the number of times a share price falls the day before a negative story is written... telepathy must be a key skill in HedgeFund recruitmentTHG immediately tells the FT there is zero sensationalism in the statement and that asimilar statement is in every set of audited accounts in the UK - from Tesco, JD Sports, to
Posted at 16/5/2023 11:34 by 2cmb
Everyone are playing a guessing game here !! Who knows what happens behind closed doors?
What is there to say ,that MM did not contact Apollo first to test the waters for bids for THG? I am pretty sure that he opened the books to Apollo.
Apollo did hire some big guns to help them understanding the workings of THG.
It is a complex beast of a conglomerate.
What is there to say that Apollo are not buying the shares in the open market now to later asses the situation for an indirect bid for THG. There are many ways to skin a cat !!
They may find ways to bid indirectly with a hostile bid for THG after the golden share expires around 16th of September ? Only 4 month's away now !
Makes me smile at times to read some postes by so called shareholders, as to what amount of DD they have done on THG and put their hard earned cash into shares here !! The abkve post is AIMO ofcourse. NAI.
ATB shareholders. My Filter list is gettin bigger by the day.
😉😁😎👍

Posted at 12/5/2023 07:42 by midasx
So Apollo can still make a bid within the next 6 months with the Boards approval, following any potential offer from another party. Meanwhile they can start to accumulate shares.


Apollo Management Holdings, L.P.

12 May 2023

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATION OF SUCH JURISDICTION

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE")

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

For Immediate Release 12 May 2023

Statement of intention not to make an offer for THG plc

On 17 April 2023, THG Plc ("THG") announced it was in receipt of an indicative proposal from Apollo Global Management, Inc. ("Apollo"), on behalf of certain investment funds managed by it or its affiliates, to acquire the entire issued and to be issued share capital of THG.

Apollo confirms that it does not intend to make an offer to acquire THG. Accordingly, except with the consent of the Panel on Takeovers and Mergers (the "Takeover Panel"), Apollo, and any person acting in concert with Apollo, is bound by the restrictions under Rule 2.8 of the Code.

Under Note 2 on Rule 2.8 of the Code, Apollo, on behalf of its managed funds, and any person acting in concert with Apollo, reserves the right to set aside the restrictions in Rule 2.8 of the Code and announce an offer or possible offer for THG, or make or participate in an offer or possible offer for THG, and/or take any other action otherwise precluded under Rule 2.8 of the Code within six months of the date of this announcement in the following circumstances:


i) with the agreement or recommendation of the board of THG;
ii) following the announcement of a firm intention to make an offer for THG, by or on behalf of a third party;

iii) following the announcement by THG of a Rule 9 waiver proposal (as described in Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); and/or


iv) if there has been a material change of circumstances (as determined by the Takeover Panel).
Apollo, on behalf of its managed funds, also reserves the right to acquire shares of THG, subject to, and in accordance with, the Code and other applicable regulations.

Posted at 12/5/2023 07:06 by hamhamham1
On 17 April 2023, THG announced that it was in receipt of a highly preliminary and non-binding indicative proposal from Apollo Global Management Inc. ("Apollo") on behalf of certain of its affiliated funds, to acquire the entire issued and to be issued share capital of THG (the "Indicative Proposal"). Following receipt of the Indicative Proposal, the Board of THG entered into a short period of discussion with Apollo to provide it with an opportunity to improve the proposed valuation and confirm the structure of its Indicative Proposal. It has become clear to the Board, supported by shareholders representing a majority of THG's issued share capital, that there is no longer any merit in continuing to engage with Apollo. Consideration and rejection of the Indicative Proposal has been on a basis consistent with all previous offers for the Company, some a matter of public record, which were also rejected based upon inadequate valuations and the nature of those offer structures. Having discussed with its financial and legal advisors, the Board has unanimously determined that it is not in the best interest of THG shareholders to seek an extension to the deadline set out in the Company's announcement dated 17 April 2023, as permitted by Rule 2.6(c) of the Code, and, consequently, it has terminated all discussions with Apollo.



The Company confirms that the profitability and cashflow improvements delivered during the first quarter of FY 2023, have continued in Q2, along with ongoing online sales momentum further supporting the Board's full year guidance. The actions undertaken by management since the beginning of 2022 to improve operating leverage, reduce capex and generate working capital efficiencies, coupled with ongoing deflation in whey commodity prices, underpin significantly improved profitability and cash flow neutrality in FY 2023. The Company reiterates its expectations to deliver positive free cash flow in FY 2024 and adjusted EBITDA margins of around 9.0% over the medium term.



Since Lord Allen's appointment as independent Chair in March 2022, the composition of the Company's Board continues to progress in accordance with its independence and diversity objectives, with three further independent non-executive Directors appointed, including the recent appointment of Sue Farr as Senior Independent Director. Following completion of the divisional reorganisation and subsequent strategic review, including publication of segmental performance, the Group now has a full range of strategic options to maximise shareholder value across the Nutrition, Beauty and Ingenuity divisions. The timing of the move to the Premium segment of the Main Market of the London Stock Exchange remains subject to the outcome of the FCA's review for reform of the listing regime.



Commenting on today's announcement, Charles Allen, Lord Allen of Kensington, Chair of THG said:



"THG's Board, in accordance with its fiduciary obligations and as demonstrated with its recent engagement with Apollo, will always give due consideration to all potential options which provide the opportunity to maximise value to THG's shareholders. The Board remains fully confident in THG's strategic direction and long-term prospects as an independent company. As stated in our recent results, with a strong balance sheet and category leading positions within substantial global end markets that continue to benefit from long-term structural growth, we have confidence in our ability to deliver long-term value for shareholders and remain on track to be cashflow positive in 2024."



As stated in the announcement dated 17 April 2023 and in accordance with Rule 2.6(a) of the Code, Apollo is required, by not later than 5.00 p.m. (London time) on 15 May 2023, to do one of the following: (i) announce a firm intention to make an offer for THG in accordance with Rule 2.7 of the Code; or (ii) announce that it does not intend to make an offer for THG, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.

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