We would love to hear your thoughts about our site and services, please take our survey 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.
Chelsea FC - Candy submitted a bid of over £2billion to The Raine Group last Friday but is now known to have increased this significantly after another large Korean financial institution joined his consortium over the weekend.
failed chelsea bid, money just sitting burning a hole in the pocket. need to put it to work, get the koreans onboard again and up current offer 'significantly' :)
how bad do they want it, all any auction needs is two parties interested in the same thing, let the bidding begin.
So it was the Betaville article that causes the spike and forced Candy to make a statement
https://betaville.co.uk/betaville-intelligence/uncooked-alert-thg-group-said-to-part-14/
FT - THG has rejected a £2.07bn bid from two investment companies, as a venture capital firm controlled by property tycoon Nick Candy also said it was exploring an offer for the beauty and nutrition online retailer.
THG has been hit by a string of setbacks since its initial public offering in 2020, with its share price tumbling from a peak of almost 800p to 116p.
The company, which sells nutrition and beauty products online and markets its technology and logistics expertise to consumer goods groups and other retailers, has been the subject of persistent bid speculation over the past year.
THG said it had received an unsolicited offer of 170p per share from Belerion Capital and King Street Capital Management.
It said the offer “significantly undervalued the company and its future prospects” and rejected the approach. The price represents a 48 per cent premium to its closing price of 116p on Thursday.
Belerion and King Street must state by June 16 whether they intend to make an offer or walk away. Iain McDonald, Belerion’s co-founder and chief investment officer, is a THG non-executive director.
Separately, Candy Ventures said it was “in the early stages” of considering a bid and that there was no guarantee that a formal approach would be made.
At the time of its full-year results in April, THG said that it had received several “unacceptable” proposals from undisclosed entities but was not currently in talks with any bidder.
Any bid would have to secure the backing of founder and chief executive Matthew Moulding, who owns a special share that allows him to veto any hostile offer.
As part of efforts to enhance its appeal to investors, many of whom had grown concerned about its valuation and strategy, THG has pledged to unwind the special share arrangement by the end of this year.
Candy declined to comment on his interest. The property tycoon branched out into investments in the tech sector after making his name as the designer and developer of apartments for the super wealthy, including at One Hyde Park in Kensington, which he helped build with his brother Christian more than a decade ago.
His Luxembourg-based investment group is a big shareholder in podcast maker AudioBoom and augmented reality group Blippar, and was one of the backers of the collapsed high-end fashion label Ralph & Russo.
He was also part of a consortium that was interested in acquiring Chelsea football club, although most of his investments are in Aim-listed or privately held groups.
...And it was more than obvious that the SP here was completely detached from operational reality.
Yes, I remember some that threw in the towel a month or two back. Patience typically wins out when it comes to these things.
Read a tweet from a guy last night. He bought @ £1.25 & sold @ 80p. He’s gutted - got to feel for him
Makes you wonder why the big dump yesterday - one that seemed completely out of step with putative contemporaries.
Just woken up to the news.
Exciting times.