Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Last week I noted THG plc (THG), reckoning that it operates “leading consumer businesses”, ‘dismissively responds to Myprotein offer proposal… from a company whose largest shareholder has as a major shareholder, the founder and CEO of THG!’, concluding including that I can think of why the prospective bidder had still responded flatteringly and that I continued to consider THG’s recent debt refinancing and equity placing didn’t bode well for its late April-expected bottom-line financial performance detail despite the shares then rising from just above 29p. So what of the now “FY 2024 results and Q1 trading statement” announcement, with the company headlining it “A transformative year, marked by further strategic progress and operational resilience and balance sheet deleveraging” but the shares currently more than 5% down in response at below 27p?
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