The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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Can we put a group question together? Why put all the contact details for IR on the document? Would love to know why we never get responded to?
I even sent an email in my partners name, basically saying she’s thinking of investing, can she have more info. Nothing back!
Here is a link to the pdf resolutions page
https://www.thg.com/investor-relations/annual-general-meeting-documents
Just catching up after a few days away.
Welcoming though the recent rise has been for what I still hold it will be an interesting next 5 weeks and the present BoD need to pull a rabbit out of the hat and get the share price up significantly and pronto for despite 2 years of the present BoD's 'strategy' it is roughly 100p under the lowest of 4 bids (2 public and 2 for Nutrition). Hopefully they are USA bound with their listing and newsflow and rumour continues.
But as things stand I'll be voting against the re-election of the Chairman for his invisibility and ultimately he carries the can for where we are and also against the CEO and John Gallemore as I think new blood is needed at the top to deliver a strategy that focuses on delivering real shareholder value. 2 years has been a sufficient amount of time and for me too much has not being done that could easily have been done and with a higher resulting share price. Markets incidentally are at all time highs and previous rejected bids "significantly undervaluing" THG. THG sat at 74p.
Virtually all Directors are up for re-election so make sure you get your ability to vote sorted out and make it count. A chance also for those that can to attend the AGM to do so and get their questions answered.
It'll be interesting to see what approach Kelso adopt on the run in. They've been extremely quiet since last penning a letter the BoD asking for a strategic update and a shareholder vote on the direction they the shareholders would like the board to adopt moving forwards.
Https://ir.design-portfolio.co.uk/viewer/95/63649
"t'll be interesting to see what approach Kelso adopt on the run in. They've been extremely quiet since last penning a letter the BoD asking for a strategic update and a shareholder vote on the direction they the shareholders would like the board to adopt moving forwards."
I am unsure why people don't get this ? Kelso have been castrated now MM is the largest shareholder with 8% of Kelso. Since then it has been very quiet and I can't see that changing.
It really is appalling that the CEO of THG seeks to stifle legitimate questions, which he perceives as criticism, by buying a significant stake in the company he believes to be a detractor.
The share price imo is where it is as a direct result of the market’s perception of its CEO and the way he conducts himself.
Why would his stake stop them from saying anything? I never really understood why someone with what 8% be able to control their communication, just doesn't seem like it would.
Kelso knows that if MM gets to 10% he will become a principal share holder with more influence over their company and they don't want that, hence the silence.
Here is what 10% gets you:
A principal shareholder is a person or entity that owns 10% or more of a company's voting shares. As a result, they can influence a company's direction by voting on who becomes CEO or sits on the board of directors. Not all principal shareholders are active in a company's management process.
Sure but they’ve got enough support to withstand that haven’t they?
LD1973 with a 10% shareholding you can become a pain in the but. And if MM kept buying he could become an even bigger pain. Kelso is a very small comp with a small MC so this would be easy for MM
Shareholding of 10%
*Able to call a poll vote at a general meeting
*Able to require an audit.
Shareholding greater than 10%
*Able to block consent to short notice of a general meeting
Cong, at 8% he is already Kelso's largest shareholder and it wouldn't take much to get to 10% which allows larger holders certain rights as Crafty has mentioned.