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.
Won’t get my shares for £2.50 - can’t imagine they will get SoftBank shares either! .. might let them have 1 of either beauty, nutrition or ingenuity for that price.
Cantona - fair play and always good to think of minority holders . Problem with the city in general is the minority just get Shafted and it’s a big boys game but fair play . Good luck and let’s face it we all hope for more than 2.50 then it’s a monster pay day, I just can’t see it . Good luck all my opinion
@GB1, cheers and good luck to you too. My points are just to balance that minority holders still have a long way to go before making a decision.
I’m not 100% certain it will go private, but given all the price anchoring around 250p, still no harm for minority holders to play the medium game, especially those who have a buy in price of £4 or more.
GLA LTHs DYOR
Cantona -it’s still delists and most will fold , yes you are right you can roll with them and that’s your decision, surely risky with such a small holding in an illiquid vehicle but that’s up to you . Good luck either way . My opinion
@GB1 i thimk you are confusing delisting and compulsory purchase of my shares…they can deliat at 75% and if price is not right and they don’t habe 90% acceptances then either they up the price or i just roll with them…and i wait for Nasdaq listing os sale down the line in 5-7yrs….i can wait
Cantona - once 75percent of the the shares have given an undertaking the company can be delisted . My opinion
You mean 0.3 % 0.003 is like 36000 shares
@GB1 my holding is only 0.003% so below 1%…on what basis are you saying the squeeze out rule applies at 75% rather than 90%. I know we don’t have a full listing but my reading is they cannot cram dissenters down up to 25% of 1,221.2 million issued ordinary issued share capital.
Also cantona MM only needs 75 percent of the vote to take this private but then you would Know that since you own over 3 million pounds worth . My opinion
Cantona - we will see your 8.3 form then let us know which one lol . My opinion
@GoldmanBaby1, I do not disagree that MM and friends could fold into a new buyout vehicle with a new partner/Softbank buying out free float.
However, it also comes down to if more than 10% of minority holders can stay strong then it will force the price higher. Also may get activists in to push up higher.
I have stopped buying now and hold 3.75m (added 250k today) and lots more like me holding out for £4+ So we could get to a core dissenting group to block a “250p takeout”
Rich - interest rates are low now but will have to rise substantially to quell this inflation. I think we will be nearer 3percent at the end of the year than 1 . My opinion
Intrest rates rising there at 1% still absolutely rock bottom
Rodney - what makes you think Thg is worth more in the current market when growth stocks are getting bashed with interest rates rising and THG makes no money . I am long with an average of 134 and would love to get a better price than 2.50 but on current market value it’s not worth more . My opinion
£2.50 again
More transparent positioning.
Give it up
Hosai - MM has at least 50percent In friendly hands , the likes of Sofina , balderton , SoftBank will go private with him along with others like sir Tom hunter , mark evans , belerion , all that needs finding is a partner to buy the free float which the likes of SoftBank could do . With the current market valuation this will not go past 2.50 in my opinion as that would be a massive premium to the market value and would save face . I could be wrong though . My opinion
Sorry just checked was wrong on 50%, 75% approval is needed in the vote for a takeover.
Although I just realized even though there would have to be a vote I guess they only need 50% to win the vote. Still doesn't seem completely obvious they would have enough? Moulding has 22% but his voting rights are only 14.9%.
Yup totally agree @Hosai
In terms of the buyout theory, I believe retail hold around 11% of the shares and you need 90% of the vote to force through a deal? Therefore as far as I can see there would have to be a vote on an offer?
Also this is assuming all the big and medium sized holders are happy to go private. This would seem unlikely, there would surely be some who do not want to roll and go private but equally are not happy with £2.50 and would want £4-£5. This was even alluded to in the times article on Saturday:
"One of THG’s biggest shareholders told The Times that he was “sitting tight” in the expectation of more bids and said that a 170p-a-share approach only valued the business at one times its sales. Recent private transactions for similar nutrition and health businesses, such as Nestlé’s acquisition of Orgain, were going for five times. “Our view is that THG is significantly undervalued,” the investor added. He noted that while THG’s shares had fallen dramatically since its listing in September 2020 other ecommerce stocks including Boohoo, Asos and Ocado had lost two-thirds of their value and he believed that THG had bigger future growth prospects."
https://www.thetimes.co.uk/article/thg-must-reject-bids-below-2bn-mxjvp0wv3
And even for those not quite ready to sell yet.... The £2.50 narrative started on the weekend is just to prep gullible investors to drop their shares on a bid close to that number whilst the big boys hoover them up ready for another leg up on a more reasonable bid.
I agree its madness selling here when a single RNS can re rate the price significantly
So this is a one way bet?
Fantastic!!
Anybody who sells now must be out of their mind. A floor offer of 1.70 has been made, and it's clear things are happening behind the scenes. The risk reward is...yes this could drop a bit, but we are talking like a 10% drop vs a 75% gain or even more. I love watching this share.
Even if it dropped, you just have to wait for the return. The business metrics are solid.