Member Info for 100notout

With regard to the Selkirk offer for Myprotein the BOD were right to say no as it didn't value the company at a reasonable level. I would say that MM is a forward looking person unlike most on here who are fixated at looking at the rear view mirror. I think THG have a good future and that's why I have invested, if at any time I see a change then I will sell but one thing for sure I won't be whining on here everyday. As shareholders we have the ability to vote and if you are unhappy with any of the motions then vote against them. Kelso tried to drum up support to remove the Chairman but that didn't exactly work did it.

If MA is such a good businessman then why is he investing in THG? I would say because he knows it's cheap.

He has also got large stakes in ASOS and BOO but hasn't had much luck in winning shareholders support in those companies. Does MA give the kiss of death to the companies he invests in as the share prices fall or does he use CFD's and hedge funds to knock the share prices down? When he says he owns x% of a company his short position could be even higher.

With regard to the Selkirk offer for my protein

The term CEO is a title. I don't care what the title is as long as they get the job done. The army ranking system is a good example of this structure. You have a Field Marshall, in business terms the Chairman and underneath the Generals of which there are many. Then you have a Lieutenant General, then a Major General and on and on. There is a structure and perhaps with THG having a structure is no bad thing. Again, the Navy have an Admiral of the Fleet and the Royal Air force have a Marshall of the Royal Air force and beneath them there is an order of command. THG has 3 divisions although one of them now is private but each unit still needs its order of command.

With regards to MA, he doesn't have the best reputation for how he treats his staff. A parliamentary inquiry compared his running of Sports Direct to a Victorian Warehouse which treated his staff without dignity and respect. I agree that the average staff at sport direct is no where near on £50k a year but the difference is THG have robots packing parcels... Perhaps you work for MA and you can tell us differently.

More FUD on Ingenuity. It wasn't stolen, I am a THG shareholder and got the amount of shares I wanted in Ingenuity. If shareholders decided not to take up shares in Ingenuity that was their decision to make. The fact that the robotics and fulfilment arm is winning new customers and expanding has to be good for THG too. Perhaps all you so called shareholders should make your feelings known at the AGM rather than whining on here. Or if THG is so bad, surely it's best to sell and move on. that's if you have any shares to sell, or if you are shorting please bring the price down more so I can buy even cheaper.

Likewise how do posters on here know that the relationship between MM and MA isn't good. Do any of you work for MA by any chance? It seems that the narrative on here is that MA should buy THG for 60p. Dream on, that's not going to happen. The mkt valuations for both THG and Ingenuity are way off and with time the share prices will rerate. THG has a future as it's a leader in sports nutrition and beauty, for MA's boys and girls on here I would be more concerned about your boss's investment in BOO and ASOS.

With THG having a ridiculously low MKT cap of £350m there is bound to be lots of interest in the group. Ingenuity's valuation of circa £90m is even more crazy, considering a potential $900m turnover, capex coming down to $70m and making a healthy profit of $60m.

Well let's hope that hockey stick has a very long handle.

MA doesn't think that Ingenuity is a failed business model as otherwise he wouldn't have invested in it. He must love the replacement of humans to robots with his reputation of being a stingy boss.

I think MA will make a bid for THG and Increase his stake in Ingenuity as I doubt MM will be willing to sell it. Still no RNS from Frasers and no director buying. Surely they would all be buying at this price.

So MM paid too much for Myprotein at circa £60m. I would think this looks like a good deal considering he has turned down an offer for up to £600m.

I would say some of his latest acquisitions look like real bargains like CityAM and Biossance.

Far too much FUD on here.

Kelso didn't actually do well trying to get rid of the Chairman last time did they!!!

Which hedge fund will break ranks first. Even they must feel that they have taken this down too far. Still no clearance from the Chairman for the Directors to buy shares. This must be worrying for the Hedge funds as if there is a bid even one which is unaccepted this will go up. I think it's time for them to hedge their bets and buy back.

It's about holding and increasing market share. The profits will come soon enough as the economy improves. There is far too much FUD on here and unfortunately more want to see the share price decline than increase.

It looks as though Ingenuity are growing their relationship with Walt Disney as they are hiring more people. That's all positive, soon enough they won't have to rely on THG nutrition and beauty.

I wouldn't be surprised if some of the posters are from the Ashley, Selkirk, Kelso camp along with a sprinkling of hedge funds. It seems rather odd to criticise a company daily if you are a shareholder. I would just sell and move on if I was dissatisfied with a company.

I feel things will turn around here just like a lot of other beaten up retail companies when the market improves. Lower interest rates, Trade deals and the end to the Ukraine war will all help.

Yes, something is off - The hedge funds.

Trade deals being signed, interest rates falling and a possible ending to the Ukraine war will certainly help and MM knows this. I think Ashley wants THG but I doubt MM will sell at prices of 75-85p touted on here. The share price has been hugely manipulated and the first sniff of a changing environment and the hedge funds will be off and the share price will go back up as quickly as it has come down. We must be close to the bottom of the trough right now. Investors have to realise this is a whole retail problem not just THG specific.

It certainly wouldn't harm the share price in the meantime if Ashley placed an offer.

How much do you think the tax losses are worth to Frasers alone!!!

Let's not forget that Selkirk made a bid for Myprotein and they weren't put off by Ingenuity so why will others. I think you have to remember that Ingenuity isn't just a delivery company, they handle translation services, eco services, marketing, advertising, use of world class studios, the list goes on. The THG commerce has driven client revenue by 5%. If the share price stays at these ridiculously low levels bids will come in. Hedge funds must be thinking there are better opportunities to short and they will have to buy back at some point.

Let's hope THG get busy in India as that is a huge market and they have just reduced tariffs on cosmetics. Surely this has to be great news for THG but it seems people on here just want to discuss the negatives. Quite transparent.

Anybody bidding for THG will no doubt bid for Ingenuity to so it's not game over. If the price is right I would have thought MM will recommend an offer. MA came in and purchased shares with regards to the Ingenuity split, like you mention he isn't stupid and would be fully aware of what he was doing. THG and Ingenuity could work very well especially if he can issue paper but I doubt MM would entertain anything under 100.

The NED would need clearance from Lord Allen to buy shares. It seems rather odd that they were pilling in a few months ago at double the price and they haven't purchased since the results have been released and MA hasn't bought or at least issued a RNS to confirm his current holding. The Selkirk bid RNS was released for a reason. Add the constant FUD on here and it makes me believe that the chances of a bid are even higher. If it is MA I would imagine it being a paper offer but for some here it would be most welcome to have Fraser shares than THG shares. Time will tell...

I don't understand the constant whining on here with regards to MM supposedly stealing Ingenuity. I managed as a THG shareholder to get 50% of my shares in Ingenuity, at least being a private company it doesn't have all the manipulation which has continued with the remaining THG. If shareholders decided not to take up their shares that's their decision but for the holders who remain in both we obviously want the companies to succeed which I am sure will be the case. A bit of patience is needed. After all it was the 'city' pushing MM to do it. Ironically it would have been better for the split not to happen if the current share price is anything to go by.