THG (THG)

Sector:

Personal Goods

63.80p
   
  • Change Today:
    -0.90p
  • 52 Week High: 107.10
  • 52 Week Low: 57.38
  • Currency: UK Pounds
  • Shares Issued: 1,330.63m
  • Volume: 2,650,086
  • Market Cap: £848.94m
  • RiskGrade: 166

THG secures 17-month extension to revolving credit facility

By Josh White

Date: Monday 04 Mar 2024

LONDON (ShareCast) - (Sharecast News) - THG announced the extension of its revolving credit facility (RCF) by 17 months on Monday, stretching its maturity to May 2026.
The London-listed e-commerce firm, formerly known as The Hut Group, said the facility, amounting to £170m, had remained untapped since its initial public offering (IPO).

It said no alterations were slated for the financial covenants or interest margin beyond the current maturity date.

However, come December, the facility would be reduced to £150 million.

The board said the decision to extend the RCF followed its robust financial performance, with the group reporting strong profit and cash figures.

Its closing net leverage for the 2023 financial year stood at 1.8x, marking a significant improvement from the 2.8x recorded in the prior period.

THG said it expected a further reduction in leverage going forward into the 2024 financial period, providing a solid foundation for continued growth and financial stability.

"The extension affords the group continued significant financial flexibility during uncertain geopolitical times," the THG board said in its statement.

"As at December 2023, the group had £600m of cash and undrawn facilities providing substantial liquidity and flexibility to capitalise on growth opportunities."

At 1005 GMT, shares in THG were down 3.17% at 60.93p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

THG Market Data

Currency UK Pounds
Share Price 63.80p
Change Today -0.90p
% Change -1.39 %
52 Week High 107.10
52 Week Low 57.38
Volume 2,650,086
Shares Issued 1,330.63m
Market Cap £848.94m
RiskGrade 166

THG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
8.76% below the market average8.76% below the market average8.76% below the market average8.76% below the market average8.76% below the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Price Trend
48.87% below the market average48.87% below the market average48.87% below the market average48.87% below the market average48.87% below the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Income Not Available
Growth
38.71% below the market average38.71% below the market average38.71% below the market average38.71% below the market average38.71% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

THG Dividends

No dividends found

Trades for 18-Jun-2024

Time Volume / Share Price
16:55 248,919 @ 64.13p
16:35 366,927 @ 63.80p
16:35 899 @ 63.80p
16:35 2,796 @ 63.80p
16:35 2,529 @ 63.80p

THG Key Personnel

CEO Matthew Moulding
CFO Damian Sanders
Chair Charles Allen

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