George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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The interview must have gone to his head, I think its time he took those rose tinted spectacles off and looked at the share price..!
I agree 100notout,
New shorts were being opened on Darktrace right up to the takeover bid, seems strange the shorts didn't know about it, as their spies on the inside would surely have been aware of the incoming bid? 😳 Obviously shorts on some sort of kickback to drag these companies down according to my conspiracy theory at least. Wouldn't be surprised to see another approach from Apollo or someone else soon..JMO Adyor!!!
Agree absence of strategy update (or any statement from the Chair) suggests LCA is not driving the Board / Exec. Sadly reads as if it’s still a MM party. I’m at a loss as to how SP will rise. Is it going to be a grind of YoY slow progress or will there be a moment? Sense moment is a new CEO but MM won’t allow that. Or separation that’s so over flaunted it’s old news
Totally agree @100 it’s just a patience game here @THG & the reward will be at least a few bags from here.. Possibly the magical £2.50++!! Why spend £15 Million splitting the divisions.. Nutrition/Beauty lined up for USA in whatever format that is who knows.. All in the Macro Timing…. GLA LTH
Well my Dark funds will be coming into THG. My average is below 250 in Dark so a fair profit. It was obviously shorted down for a takeover and the tactics used were transparent especially by mr paratrooper and his 72 page bogus report. He should be facing legal challenges for the lies and crap he made up. The same crew shorting Dark are shorting THG, the same will happen here it's just a matter of time and a price that MM will accept. Like I have mentioned before the patient will be rewarded here. There are a lot of negative views on this board and they are here for a reason just like the negative posters on DARK.
More proof that the London markets are broken and losing companies to US markets and Private Equity buyouts...London is a busted flush run by a bunch of chancers. I think a lot more UK companies will delist themselves or be bought out by big US based Private Equity funds..
https://news.sky.com/story/hunt-calls-dorneywood-summit-to-boost-flagging-uk-stock-market-13123808
https://news.sky.com/story/hunt-calls-dorneywood-summit-to-boost-flagging-uk-stock-market-13123808
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