Updates

THG

October 2025

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

THG shot up after showing the top line accelerated into Q3, building on H1 momentum as strategic actions take hold. Beauty, having streamlined its international footprint and invested in loyalty and marketing, is rebounding in the UK from a -10% decline in Q1 to -2% in Q2 and now positive growth. Nutrition is delivering tangible results following its rebrand and expanded offline strategy. New products and categories are performing strongly, new customer growth is back on track, and offline distribution has expanded to over 34,000 doors. Revenue moved from flat in H1 to +6% in Q2, with double-digit growth anticipated in H2. Net debt has dropped from £351m to £218m factoring in the £103m Claremont Ingredients disposal. THG ha ...

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Mpac

McBride

THG - Sells a division nobody knew it had for £103m (September 2025)

THG (July 2025)

THG - Mulls IPO of beauty business or strategic stake sale (May 2024)

THG - Strong Exit Momentum from 2023 (February 2024)

THG (January 2024)

THG (November 2023)

THG (October 2023)

THG (August 2023)

THG - Operational momentum is improving (July 2023)

THG (June 2023)

THG - Shares rocket following bid approach from Apollo (May 2023)

THG - “Ecommerce in a box for global brands” - shares £1 below last year’s rejected bid (February 2023)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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