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Its difficult to rally investors to write to companies, for what ever reason there is a block - shareholders just do not like doing it, therefore change is hard without some form of engagement.

If you have sent an email please post as it may encourage others.

Jatw, yes, treasury shares would be the way to go serving both the company and shareholders.

Wincanton just got bid for today

Wincanton to go private – with board fed up with share price underperformance

https://www.cityam.com/wincanton-to-go-private-with-board-fed-up-with-share-price-underperformance/

..doh !

Its interesting to watch the shrinking London market, just what will pension funds invest in as choice diminishes.

Two weeks into the New Year and another long standing UK company gone.

https://www.londonstockexchange.com/news-article/market-news/recommended-cash-offer-for-wincanton-plc/16295677

"Atlanta Federal Reserve President Raphael Bostic expects policymakers to start cutting rates in the third quarter of this year, saying Thursday that inflation is well on its way back to the central bank’s goal."

https://www.cnbc.com/2024/01/18/feds-raphael-bostic-expects-rate-cuts-to-happen-in-the-third-quarter.html

Resolution 5 of last years AGM which received almost 100% of votes cast

5. To grant a general mandate to the Directors to repurchase shares of the Company.

Cheers OAC, seems very doable (and popular).

It seems the obvious thing to do, same thing across the pond buy backs well underway.

Bloomberg

'S&P 500 firms are expected to spend at least $840 billion toward buybacks in 2024'

Usual AGM resolutions includes authority to do so with notice, need to check.

Just posted this on another thread, results surprised me as 63 companies as of today buying back their own shares - quite incredible really, gives some idea what the boards think of London valuing their companies.

https://www.londonstockexchange.com/news?tab=news-explorer&headlines=76

Here's a search of today's RNS release on share buy backs, no less than 4 pages

https://www.londonstockexchange.com/news?tab=news-explorer&headlines=76

I know there's not many on his board, but could I suggest copying above link along with a note and sending into the board for airing - if anyone needs contact details I can post here.

Its not a slam dunk, but in my view extremely likely given previous history with Softbank - just need the right partner as once committed your wedded for a long time.

This is what I believe is the most realistic option for shareholder and key to unlocking value, as Kelso have highlighted partnerships being the way forward, in particular Ingenuity.

I would just add 'symbiotic' it has to work both ways similar to Halfords and many other examples given previously.

“We note THG’s recent positive full year trading statement and the new contract win for Ingenuity. We like the fact the board refers to the potential of separating out each of the divisions through listed vehicles or partnerships whilst maintaining majority holdings. We believe that this strategy will demonstrate the significant inherent value in THG.”

H & B were announced out of the blue (no market gossip) a key partner could easily follow the same format.

Given the small free float a share buy back would make a noticeable difference, this has become standard with many companies on both sides of the pond actively buying back shares.

Worth checking the LSE RNS first thing in the morning to see just how prolific it is, perhaps if a few of us on here suggest it then it may get tabled at next AGM.

Agree on Suez canal, I think NEXT said an extra two weeks for some deliveries, pump prices still stable at the moment.

Mortgage rates are coming down with more competition, 2024 maybe more of a transitional year than peak turning point.

The London market reaction to unexpected UK inflation data was surprising, ONS attributed the rise to tobacco tax increase, basically a one-off.

Has anyone been watching the whole EV saga unfold both here and across the pond, in the US its much more pronounced with dealers refusing stock due to unsold inventory, strikes and layoffs are widespread - Hertz has just sold 20,000 of their fleet to be replaced with ICE vehicles. GM's Cruise another folly

The EV market has stalled capturing billions and billions of dollars, - essentially tis U turn could undermine economies geared up for production, this in turn may push central banks to relax tightening sooner rather than later.

Something to keep in mind, these things have a habit of coming out of nowhere with this trend has been exacerbated by cold weather recently.

A wise man once said "it is easy to walk on water, just time your entry"

Now would be a good time as its -4c here, lakes are frozen solid lol

Plant Health Care Brasil

Encouraging to see actual results as drought is one of the major variables with climate change. The subject line is my own interpretation as the translation maybe a tad off.

"In this area, located in the city of Tupaciguara, MG, the H2COPLA was applied via micron. The video was taken on 12/21/2023, 15 days after planting. And the area was under a severe drought in the first few days after planting! Resisted! The area treated with H2COPLA presents better seedling development when compared to the STANDARD FARM AREA (Producer). The difference in these first days is striking. Check!"

Decent press piece, media seem to be back onside -

https://www.thisismoney.co.uk/money/markets/article-12968825/THG-strikes-fulfilment-deal-Holland-Barrett.html?

Is this the market referenced in today's TU I wonder?

" The margin potential of the business was further enhanced by expanding a royalty model with carefully chosen partners in key territories. Targeted offline Myprotein licensing deals were launched in our two largest markets: UK (with major grocer, Iceland), and Japan (with leading distributor, Itochu). THG Nutrition is extensively involved in all aspects of the development of products being ranged."

Through its retail initiatives centering on mass retailers and convenience stores, ITOCHU aims to build a high-value-added value chain for food

https://www.itochu.co.jp/en/business/food/field/04.html

I think the chance of one of these partners stepping forward for an equity stake remains high, that's just my view as a casual observer.

Mixing/partnering with so many different companies in varying geographic locations, something has to give - ITOCHU for example not only have an existing retail distribution network, they also have a history of doing strategic partnerships.

In food distribution and marketing, ITOCHU leads the industry

https://www.itochu.co.jp/en/business/food/field/03.html

Ingenuity already separated out ready for Softbank deal which never happened.

This is the company THG have partnered with in Japan, someone like this might be the ideal Ingenuity partner similar to Ocado's AEON

The ITOCHU group https://www.itochu.co.jp/en/business/index.html

AEON is one of Japan's longest-established retailers, with almost a century of experience serving Japanese customers.

https://www.ocadogroup.com/about-us/osp-partners/aeon/