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Shorts, Brokers and PE funds working together to keep the SP low, it allows companies like Apollo to make low ball offers as we've seen at Darktrace. JMO Adyor!!!
He complains about being listed on the LSE but fails to maximise the potential of it by remaining a standard listing until someone else does reform work. He won't give up control of the business to private equity and therefore basically rules out the vast majority of those who would be interested. You can't have it both ways unfortunately. We live in hope that the Goldilocks bid comes in.
@moniman, I still believe take private is the most likely outcome here. Spin off’s etc still leave the problem of UK listing for the remainder of the group, which MM clearly has no interest in. Wouldn’t be surprised to see Apollo return. Deal structure seemed to be major problem last time, but FCF+ opens open other deal structures where long term II’s can roll. JMO
“Well said Matt, time to get those of us that have had faith in you all along but are yet to reap the rewards of our investment out of this cess pit”
Comment on LinkedIn liked by MM.
Unfortunately MM's erratic behaviour at THG plays into the hands of Hedge Funds shorting THG at the expense of shareholders, especially PI's...At some point the rest of the 65% club including the Middle East backers will want to see a big return on their investment in THG and the clock is definitely ticking down now. I see a spin off or maybe someone like Apollo coming back again, but I think any offer needs to be around 300p minimum for the whole group. GLA JMO Adyor!
One day Rodney, one day 🤫
Yesima, will be very happy if it happens
@ihavenoclue, yes MM wants to be proved right, but just don’t see how he can be planning to stay on the LSE with public statements like that. It screams “I’m off”. Personally I have no problem that he hasn’t moved to a premium listing, as why spend the money if you have other plans in play. He’s managing the business for long term value, rather than short term SP, the only way THG will become premium listed is if the standard listing goes before MM makes his moves. Kelso note this morning all positive for me, reiterating their conviction in spite of being quieter recently, and noted they bought back in @ 60p having sold their leveraged tranche. Sure the FUD told us they were reducing. Big returns to be had here for the patient when the news drops. GLA shareholders.
Yesima, I was certain of that last year but he seems determined to stay in the system that he is fighting against and I believe he wants to be proved "right" rather than go private.
They are absolutely right about the premium listing. I said on here there was nothing stopping them doing this now, absolutely no need to await FCA review to complete. Funny thing at the time someone replied trying to argue against even that, saying they'd seen some video or something that meant it wasn't the plan. Would literally add immediate shareholder value, no brainer.
Could you post the full post please?
I’ve been blocked by him.
‘while the UK’s investors were once again robbed.’ - some investors in THG might feel the same way. The SP destruction however cannot be 100% blamed on short attacks. Not even close…. Kelso mentioned premium listing again. That alone is one example of how he could have helped the SP. Does read like he’s had enough but how long will it take him to do something about it!
Knew MM wouldn't be able stay quiet on this one.
Check out MM LinkedIn post this morning on Darktrace….He’s taking THG private for sure
Kelso trading Thg like a little play thing
Moulding will hate it
Funny
Exactly what I said just last week. Moulding could have been proactive in this and done the move a long time ago. But he sat on his hands and complained about the LSE.
Too slow lol, interesting Kelso dedicate a paragraph to this as its featured quite a bit on here too.
L’Occitane’, M & A swirling around all sides, THG in the midst of it..
'THG can implement is to move its listing on the LSE from the standard list to the premium index. THG currently has very few passive indexed holders and most UK active fund managers do not have to consider an investment in THG as it is not in their performance benchmark of the premium index.
We hope that this change of index happens in 2024 either naturally through the FCA changes or that THG is proactive and makes the change of listing itself.'