The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
There is not a chance at 2.50. The free float is so small that it cannot be used to value a large controlling maybe 100% control valuation from.
I going with 4
Those who look at a narrow minority free float valuation to base a controlling interest valuation from and the premium that commands do not understand corporate finance
Rodney, basically any dealing in THG shares falls under rule 8 of the take over code. This means dealing in shares has to be notified to the market although there are certain thresholds within this, but the general gist is to make things transparent and open for market participants.
Could someone help me understand what exactly today's RNSs mean?
i'm a digital, not a financial expert, so any polite guidance would be appreciated
thanks
Binky
So king street with assets over 20bn in usa made up offer?
There you go B1nky, you got there in the end. You're finally starting to realize this won't be going private.
I agree B1nky £4.00 at least, a further £2.50 from here to take account of the other divisions
The price is telling us that the market now realised that the two bids so far are a nonsense. One hasn’t even materialised and the other is too low so as not to be taken seriously. Both are from mates of MM.
Maximum upside is 250p. There’s a distinct possibility that MM can’t raise the extra funds or institutional investors won’t accept his bid. In which case, back to 80p we go. So as I’ve been saying, the price will hover around this level till we get some news.
Why go for a low ball offer of £2.50 when we all know that THG Beauty is worth that as a stand-alone business - just compare it to Ulta beauty in the states for example.
Break up of the parts to maximise shareholder value (which is the boards responsibility afterall) makes far more sense.
It is what they have been working towards anyway.
I don’t think MM is interested in selling the whole package. Remember how annoyed he was about the short positions? Do you think he will hand over his business to the same people who have been orchestrating the sp downfall? No, me neither. He’ll have the last laugh here and it won’t be for 250p that’s for sure.
It depends how many of the current main holders he convinces to be part of a buyout. If he doesn't have enough to force a buyout then the price would have to be at-least £4 because none are going to sell for less than that considering other buyouts going at 3-5x revenue.
Don't flatter yourself Binky...no one cares what your opinion is.
"I am sure that I will come into huge amounts of criticism for airing my, more rational, opinion."
Only that it won't be sold. For £5 or £2.50. It's not going private on the back of the same journalists who wrote (later retracted) nonsense to drive the share price down for 10 months now saying "unnamed city advisors say Moulding is ready to sell for £2.50". You've been suckered in, but no-one else has.
Something just doesn't seem right. All this news and activities and the SP is completely stuck. How does that happen?
The conclusion from all the sensible posters over the weekend was that MM would wait for all the bids to be made (probably around the £2 level) then heroically trump them at 225-250p in a seemingly generous gesture, helping out the smaller shareholders. The new chairman will have overseen a legal transparent bidding process.
I still feel that this is the extremely likely outcome.
Over the weekend there was also some overexcited, overhyped posters that delusionally have talked themselves into believing that the end price will be north of £5.
I am sure that I will come into huge amounts of criticism for airing my, more rational, opinion.
This share is cracking me up. The biggest sense of something going big. Everyone buying and the share price just flat lining. Crazy. But will have some more and more. Waiting for the candy man
is it that only the issued shares for public is for sale or the whole company including MM's share going into PE hands(if it happens)..
250p sales price also means, we all LTHers are doomed...170 p means disaster...
I am ok to wait for few more years for the share price to reach to £5 rather than lose my shares at such low proces now..
To be honest 2.20-2.50 is still too low. I see these getting rejected too.
THG will not be a public company for much longer. No way none of the several interested parties doesn’t conclude a deal. Shame for long term holders but it’s an easy opportunity to get in sub the £2.20-2.50 buyout price