The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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It took them long enough
Yes, we remember him at Provexis as well and look where that is now!
Definitely forced out. At last a chairman with some interest in shareholder value and an ability to see Moon for what he was. To all those he’s abused over the years a moment of quiet triumph, to all those who’ve sat back and fed their self-preservation (current CMO/CIO and CCO - neither of whom have a clue about brand or commercial) a moment of rightful anguish. Let’s just hope Dan Wright can get some of the talent that left to reconsider quickly because he will need them.
Probably Moony is forced to leave as the SP crushed this level and no sign of recovery.
Very low key RNS - just worded board change.
https://www.londonstockexchange.com/news-article/SIS/directorate-change/16173153
He is indeed, a persistent misfit perhaps looking at the reviews about his approach.
From an event last week, it sounds like lots going on down there. Key members of the leadership are either walking or being let go due to cash flow issues. Brand guy walked. Retail, Amazon and Culture guys let go. Any thoughts would be helpful as I'm having a hard time trying to figure out this business, just seems to be going backwards when others are moving forwards
Moony still there kicking around!!!
Stephen Moon, CEO
Thanks. Keep the update here
I see Mr Moon is back behind the keyboard at SiS ;) Not sure is all rosey as I'm hearing of a number of exits and senior redundancies over the past few weeks to save costs as cash flow is a big problem. All hearsay at this point, have asked for more details.
Lots of big trade is going through today. However no movement of SP. Very interesting!!
Looking much healthier. And with new non executive chairman. Big upside.
I fear there is just too much going on with THG ATM. Too many moving parts. SiS need to show some decent growth numbers not the measly 2% that they reported from Q1. It's there for the taking if they can sort their business out and execute their international expansion. THQ buy out would be a get out jail free card IMHO
Surely they could take us out? This part of THG is going hot guns and their Profits are up nicely on lower prices. Damn. offer me 25 pence and you can have my shares. Got to be 100% upside here.
Any update on this from your contacts inside the business?
Let's hope this is the case. Surely an expression of interest will come out of what has been the muddy waters of late. Still crazy cheap and having been in and out on this is that I'm waiting in the wings ready to jump back in. The narcissistic Moon who was clearly lost in yesterday's echoes of what the brand was were the only one holding this one back in IMHO.
I’m afraid I can’t answer that as I’m neither a current or ex SiS employee. I do, however, know people who are ex employees and follow open sources such as Glassdoor, LinkedIn and the commercials closely. I am surmising from all of this but from a position of a reasonable background as a Main Board member elsewhere who understands how much of this works. Overall I see a situation where corporate governance has not operated sufficiently in shareholder interest and that major shareholders are now becoming activist investors. That, in my experience, never sits well for current management teams. Add in that 2 of the 3 longer term directors who have a concurrent 10 years at SiS and a lifetime together at GSK have gone and it’s hard to see any other outcome for the CEO - it’s not that he’s sat on Stella results or has an organisation that reveres him.
Looks like he has gone from SIS. Do you see him in the office?
The other explanation might be he’s already gone, but it’s not announced for whatever reason.
Moon has his own blog and this very recent post makes very interesting reading in the context of recent events and his own admission of never wanting to retire.
See what you think:
https://stephenmoon.com/life-comes-at-you-fast/
I contacted investor relations email a while back to get a copy of the report which they used to cite in Rns to bench mark the brand awareness and so on - I never got a copy because it was confidential - but the point is Stephen replied to the investor relations email - if that helps
It seems his email is blocked and does not receive any outside email
Your message to Stephen.moon@sisplc.com has been blocked. See technical details below for more information.
Here’s my take on the current situation. 2 of the 3 c.10 year tenure Board members (aka those with the majority culpability for the current company position) have been ousted - John Clarke with a veil of dignity and Tim Wright with anything but. The new chair is being sought with Henry Turcan and Paul Richardson the key players. The first action of the new chair will be to exit Stephen Moon. Why this will only happen then is a reflection of the need to not panic the horses - looking for a new CEO and Chair simultaneously is a terrible signal, however overdue it is. As an aside I’d love to know SM’s response to DP64’s E Mail but, the rational me, would be amazed if there was any response. Plenty of water to pass under the SiS bridge I’d suggest.
Yes, I read this too on Bloomberg. Moulding is an impressive guy and I enjoy his interviews. I'm a cyclist not a gym bunny so not a big protein user but PhD makes up half of their revenue so this can only only be good news for margin. Looking at Amazon this is their shaker range and bar business that will capitalise on this bump. However their volume & distribution is nothing like THG's, especially in international markets which they have had a long history in developing, unlike SIS which is predominantly UK only. I guess there is a lag in this hitting their bottom line too due to their supply chain so maybe one for them to sandbag until '24.
Stephen Moon the cyclist not the CEO to run a company.
I follow and have shares in THG which as you know is the No1 Nutrition brand globally through MyProtein.
Just recently the CEO of that company highlighted that Whey prices were at a 7 year low and he expected them to fall further (Matt Moulding on linkedin if you want to find it)
So what are the problems here with this company and its share price? Genuine question.
Thanks. I will do during the weekend.