Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Oliver Cookson post on LinkedIn 4 hours ago..he’s getting very vocal..some interesting reply’s aswell..
"Do you regret selling Myprotein?" "Did I sell too early?" are common questions I get asked.
I've generally chosen not to discuss this aspect publicly because I value privacy in these matters. However, when discussing the Myprotein sale, I realise that omitting this part of the story doesn't give a full picture of the circumstances. It's important to share this context to provide a clearer understanding of the decisions made.
When considering the decision to sell Myprotein, it's crucial to understand the full context and my strategy at the time.
Initially, my intention was only to sell a minority stake to PE.
This was my decision instead of taking a bigger cash out because of my confidence in MP.
It was the #1 in Europe.
It would be #1 in the world.
This would enable me and the senior management team to drive the business forward for another 3-4 years, with plans for a IPO or another investment round.
I was determined to avoid any unfavourable PE provisions, such as 'bad leaver' or 'swamping', and was also adamant about avoiding typical PE tactics like 'chipping' after an exclusive due diligence period.
Unfortunately, one large unnamed private equity house attempted exactly these tactics, and we consequently ended our discussions. They later remarked that 'the one that got away.'
As for The Hut Group, the situation evolved in unexpected and unfortunate ways.
Upon selling, I believed THG was financially healthy, reporting profits of c.£6m per year.
This was a significant factor in my decision, especially given that Myprotein was a larger and more robust business, with legitimate profits of over £5m annually and positioned in a rapidly growing market, unlike THG’s CD-selling business.
However, it was later unveiled that THG was actually suffering losses of £1.1m annually.
This discovery, confirmed to be fraudulent by the High Court - which awarded me significant damages.
It became evident that there had been deceit not only from THG but also, regrettably, misconduct from one of my own advisors, who, I later learned, had vested interests.
I typically don't dwell on regret as it serves no purpose, but valuable lessons.
The decision to sell was based on the best information available at the time and was aimed at securing a stable future for my family for generations.
Importantly, my strategy included rolling over 50% of my stake into THG, as I was confident in MP's trajectory to become the world's number one, building on our status as Europe's leader.
Had I been aware of THG's actual financial state, my decision at that time would have been different.
Reflecting on this, the experience, though challenging, has been immensely educational.
It has underscored the importance of transparency and the critical value of having trustworthy advisors.
These lessons are now integ
That is very rude Steve, have some manners.
What an idiot you are. Still your "Team" will be happy with the shift you are putting in.
Cityspy will be proved right, Moulding is just keeping things under wraps this time to not let the shorts close easily.
My masters will be sweating and I may not get paid. I posted 5 times today that's £2.50. Ah well, back to the cellar for me.
Well the ftse 250 is still down 7-8% and nearly 15% from high peaks in last 5 years, it's up 5.5% ish in a year, but how does that help your point? If something is chronically undervalued and has been for a long time, using the fact it goes up 5 % in a year doesn't prove it wrong, it just comes across as trying to make a point off weak facts
Think CitySpy left out the word *"Old" from his "Banger incoming" tweet.
FTSE250 now hitting a new 52 week high, albeit still some way off its peak. If UK benchmarks reaching these milestones, wonder if Moaning feels any cognitive dissonance about his hate for his home market? Probably lacks the self-awareness for that, but at this rate he might need a new scapegoat.
Vote them all out
Normal red day tomorrow?
There we are again, a good rise, profit taking and back down 0.4p SFA on a solid Mkt day.
All stuck here with FOMO. As we have been for 2 years since 170 under-valued the business.
Don't worry, Banger coming really soon.
Nnnnnnnnnnn......now!!!
Ok. Nnnnnnnnnnnnnn....... now!!!
Maybe tomorrow.
It is like Jeremy Kyle on this board, GLA
OSG, I haven't changed my view of the Great Deluded One, I've just changed my view on the prospects of a buyout or other corporate event. Whereas you are just full of self congratulating nonsense. JMO
Well Polishcap I was asked a question and I responded, responded back to the further replies (honestly I hasten to add) and for my sins get effectively called a "trader" and "just like the rest" by one of the biggest serial derampers on both here and the Kelso bulletin boards back then. Hence the filter bin.
OSG...and there speaks the Sage of Oldham...
Always best to treat his share with the respect it deserves
None
Well said osg
Look at the state of this last 2 hours
Just wait until staff dump the next lot of free shares on our tab
Far too volatile this thing
Just because I didn't fall for all the nonsense you have posted, just to get your next trade, actually probably makes me a lot different from the rest, and of course yourself. You made a fool of yourself previously on both the THG and Kelso bulletin board with the share price rising nicely against your derampings. People sadly have long memories
I post genuinely. That's why I am different from "anyone else".
Done wasting my time with responses to you and back into the filter bin you go.
This will be the 2 year anniversary of THG turning down 170p a share as it devalues the company and we are sat at 38% of that value now. Pretty grim TBH
OSG, don't bother trying to justify your nonsense here or anywhere else, your no different to anyone else, so get over yourself!
Adjusting your portfolio and holdings to the available information and other appealing shares isn't day trading a share funnyman as that assumes buying back in. Nothing wrong with being in the right shares at the right time.
I still hold the ones I had been buying monthly but that's it as the other substantial chunk I sold down for profit.
Too much not being done here to lift the share price, several of which are easy fixes.
Very true. It’s a share to remorselessly trade any minor rise hard
Strong trading day. Q2 numbers needed for any bigger rises.
It's not the US market that drops this. They can trade this anytime our market is open, not just when they're awake or not!
Hard to see how Thg can credibly list on USA market when it is the USA that drop this each and every day
That's the one!!!!!