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Vanilla & Salted Caramel Impact Whey Isolate added to the Costco Myprotein range
https://www.costco.com/CatalogSearch?dept=All&keyword=Myprotein
‘Founder’s Syndrome’ — the term coined for when an entrepreneur fails to see the need to take on outside help — is one of the biggest barrier’s to new business growth, and can be the demise of something that is destined for greatness.
If IR don’t respond why not email this guy and ask him what the deal is? Presumably based on his email format you could email Moulding directly and ask him also? No doubt will fall on deaf ears however due to frustration levels what other options are there?
Enquiries to:
James Pochin, General Counsel and Company Secretary
THG PLC
James.Pochin@thg.com
I do think l there are genuine fiduciary questions now...
1. Why are we on a standard listing that clearly depresses share orice. How is this in our interests?
2. Why was rejection of apollo bid in our interests. What is the explanation for this?
3. Why does IR not respond to shareholders questions?
Rather than blame LSE for it's failings maybe it's other way round and LSE has businesses like tgus that miss targets, ignores shareholders, don't fight to defend decent bids in shareholders interests. How is this credible on and exchange other than LSE. It's fantasy to think it would be. Numis et al all have a major presence in US
I can't see hiw he could credibly defend his reputation to anyone against another bid. He's had his chance
There is a long list now or our CEO niot acting in our interests even destroying value against not only IPO orice but against external bids also.
Do we have a functioning chair ir not? I can't see any evidence whatsoever for it and critically where is his 18 month overdue strategy update which he himself promised
The silence may be deafening, but if Kelso believed they could make better money elsewhere, they would have sold and moved on in my opinion. There’s not exactly a shortage of opportunities.
Also I believe that the buyer of Darktrace today, is the same as the one who was interested last year. Poppy is reported to have changed her mind on selling, based on a woeful valuation on the LSE. Things change…that’s all I’m saying.
I’m not worried about the dip in Nutrition. Everything Matt has said about the rebranding transition, products being out of stock etc., is all par for the course. It would be surprising in my opinion, if we did not see a retrace during this period. But that’s just my view. I’m holding tight as always.
Have a good weekend.
Unfortunately with the ar$e having fallen out of the Nutrition trousers with a 9% fall in revenue and MM's Pacman defensive buy earlier I think Kelso's efforts a few months back would have been best employed joining the supposed 35% club and trading the share back and forth with an algo. In fact that I suspected they had done previously.
Their silence is deafening after the recent updates and if you have a CEO who shuts the door on every Bid opportunity, bins 95% of all advice given much of which is share price enhancing, and who seems to treat shareholders with disdain whilst antagonising and aggravating the City then who could really blame them.
2 years on from a Belerion bid at 170p and a year on from an Apollo bid higher than that and despite whatever excuses gets aired for falls in sales or strategy failure (if there is one), this share price is 65p.
Over to Kelso to do something about it using the relevant sections of the Companies Act as all the above are not conducive to investing for a return.
Needs a corporate event or change at the top for this present hamster on a wheel approach to change imvho.
THE FTSE 100 is hitting new highs day after day and this is sat at 64p. Wake up and smell the coffee.
How would it play out if Kelso opened a short position on THG with the mad man holding a significant % of their stock? Surely that’s a big conflict of interest and would put him in a sticky situation?
They’d probably make some profit on it too given the way THG (Matt Moulding) are being played like a fiddle 🎻. It looks completely defenceless here now and desperate times. Big wow a non exec snapping up 30k shares, the first buy all year and given the Peel hunt report we should all be lapping this up yet no one is.
At the end of the day ever since we had the #nothanks announcement to Apollo “valuing ingenuity being significantly more valuable than the whole group” set the tone here. Move the SP up otherwise come under scrutiny and be held accountable not the exchange, not the macro and not because you decided to rebrand and change a logo/colour scheme ffs.
I’m also not convinced they’ve actually completed the split of the divisions internally. Last year it was very vague of the cost of this ranging from £11m - £15m cost within weeks of analysts calls. Why hasn’t anything been exercised here to take advantage of that expense? Doesn’t add up
It’s a beautiful sight,you need to open your eyes 👀
The linguistic analysis I have been running on these pages identified polish cap and ste2k as the same poster. Fyi.
Anyone know what’s happening with the invisible man. There have been hints that the man is unwell and I’m sorry if that is the case. But if he is incapable of performing his role effectively should someone not be appointed as temporary chair. I’ve just read the Balfour Beatty annual report for 2023 and it shows that he has attended all of their Board Meetings as their Chairman so it does seem that he is still working. All a bit of a mystery.
@PieFace
Who cares about a 100k sell off,pretty irrelevant in a World of Barclays Bankers
😀
@yespsb, good post. Like you, I’ve been here longer than I was planning, probably because I don’t want to admit I’ve made a mistake and sell at a loss.
Because many people here have been talking about some form of corporate event for a long time now I just can’t ever see one happening, though I’d love to be proven wrong!
Pathetic token amount
Pathetic token bod
Kelso lol bought 8m sold to 5m. No one gives a s hit about them. Mould owns them
@yespsb
Totally agree that's why I moved on about a year ago becauseof MM's shenanigans, but Kelso's intervention attracted my interest again. MM the great deluded one is too vain to realise that he doesn't have what it needs to realise the full potential of THG's assets any more, as for the Chairman well he's been a complete joke. MM appears to be locked in a fight to the death with the city and media critics. Maybe the criticism that Kelso has publicity documented has brought a touch of reality to the situation and finally the great deluded one will start thinking of the big picture and the interests of all shareholders, instead of his personal fight with his detractors? Medium term hold for me now for Spin off or bid approach. JMO Adyor GLA
Gone on city spy sorry pie. Tell us how less than 1 p rise good after director buy is good
CityPie, finish was weak. Sellers were rife. Agree or disagree?
Someone loaded up on 100k shares on multiple occasions after 3pm. Irrelevant
Well someone didn’t want to be in over the weekend lol
Someone dumped 100k near the close
26 April 2024
The Company has received notification that Helen Jones, a Non-Executive Director of the Company, has purchased 30,000 ordinary shares of £0.005 each in the capital of the Company at a price of £0.631 per ordinary share.
That was a great day, THG just can't hold a rise.
It's almost worth buying the stock up and re-selling on eBay as a lot of the probikekit stuff is +20% higher priced on eBay!
Moniman, I am totally with you. When Moulding decided to list the business, the listing came with rules and responsibilities, some written, many not.
If you join a "game" you know what you are getting yourself and your team into. You can't hope to join a game and then change the rules that have existed forever just to suit your mood.
There's no getting away from the fact Moulding has a very controlling personality, he is awfully vain for a guy over 30, he loves publicity but cannot handle criticism and none of those are positive traits in a CEO of a public company. I do think he and his team are running out of ideas. I buy shares to hold for up 2 and occasionally 3 years. I had a 12 month stance with THG and here I am 16 months later frustrated with myself with not cashing out around the Apollo bid. I reckon I will be holding a long while to see a decent payback unless Moulding goes.
I was going to ask if that 50% sale is legit, pretty crazy. They seem to have a scorched earth approach to acquisitions, killed matchesfashion after only a few months too.