Member Info for AnacottSteel1

Regards all Retail down no quite so as I remember reading earlier this month the MD of Dr Martens after there very strong profits saying it was completely down to D2C online & D2C shops. Basically they focussed on D2C & pulled selling from others retailers. I think SP is up 25% basically confirming Ingenuity business model….

Received back from IR just now..

Thank you for your email. Your feedback is noted and we appreciate you taking the time to write.

No bid specific information was shared outside of the Board above and beyond what was included in the announcement on the 19th May. The Board consulted with institutional shareholders to collate their views on the unequivocally rejected proposal from Belerion/King Street and the public possible offer announcement from Candy. At no point has the Board received an acceptable proposal that it felt fairly valued the Company and would have warranted the Company providing due diligence access. The Board and its advisers formulated their view on what price/terms could have warranted engagement and this position was broadly consistent with the feedback received from shareholders.

The Board and management team remain focused on delivering the Groups growth strategy across a number of large global sectors. The Group is currently scheduled to report its Half Year 2022 results on a date to be confirmed in mid-September, similar to the prior year.

With kind regards,
THG PLC, Investor Relations

I don’t think any LTH is selling @70p. For comparison TED topped out @1.60 & now 80p after offers pulled 50% drop. THG £1.50 after B offer & now 75p 50% drop after rejected. It is what it is the SP is not the company etc etc. Wake me up when we are £1+.. Not getting mine for less than the magical £2.50!!!!

Lets hope so @Goldy as I will be buying another 100,000. Unfortunately can’t see it gonna be 70p-£1 rangebound for a few months on no news. IMO

Nice @Amanan - So I wonder what price warrants engagement?! Is that the Magical £2.50 before they talk?!

‘The Board and its advisers formulated their view on what price/terms could have warranted engagement and this position was broadly consistent with the feedback received from shareholders.’

£1.70-£2 is just noise to Moulding. SP 75p he’s not bothered as he’s looking at the bigger picture. We have to wait to be rewarded here as he’s not giving away a company he built over 18 years. You will all be rewarded you just need patience. He is solely focused on delivering his goals & not the short term SP. It went a bit unnoticed that when he announced THG rejected the offers he also said (see below) we are on target to achieve 20-25% growth target set for 2022. That is pretty amazing in this environment & takes us to £2.7Bil Rev with Market cap £945Mil! He knows it won’t be 75p for long so just cracking on with strategy plan & Seperation. Totally agree we all need more information on exactly what the strategy plan Seperation actually is!!!!! One of the reasons SP is where it is.. IMO

‘While THG is clearly aware of the macro-economic challenges, the Company continues to perform well, and in line with its own expectations.’

@Rock begins the daily FUD!!

Yes @Hosai £945Mil makes it even more incredible. SoftBank we’re gonna pay $1.6Bil for 19.9% of Ingenuity!!! Definitely Seperation unlocks value for shareholders. Lots saying not now as everything valued so low but THG is valued at ZERO so low value is better than ZERO. Therefore what’s Low?! So even if SoftBank bought 20% for £200Mil that values Ingenuity @ £1Bil more than THG total Mcap!! SoftBank I think will do something they are in @£5.96 last investment…Games all games & we aren’t even playing just watching it unfold with no cards at the table us little pi…

@Oke that’s all a bit Woke for me. @Rock is a Tool constant FUD! @Golden I also hope SoftBank proceed obviously a different % but with Ingenuity currently valued @ZERO it will put a Rocket under share price. Maybe that’s why Moulding & big ii rejected everything upto £2 out of hand cos they know that the SoftBank/Ingenuity deal is going through valuing Ingenuity ++£Bil! Who knows certainly not me & with IR we will be the last to know. Definitely something going on could be Beauty/Nutrition sold but stays contracted to Ingenuity?! It’s just a waiting game now but clearly SP will recover 2022 on target £2.7Bil turnover current Mcap £1.1 Bil!! See you all tomorrow…

Thx @Holy1 Some Big hitters who said NO to offers £1.70-£2! Whatever Moulding has planned must be damn good cos that lot wouldn’t come along with him unless the reward for them was Big!!

Yes @GG Seperation is important as that’s the reason it initially tanked and that is how we will see the true value for Shareholders & potentially answer the SoftBank Ingenuity question & what ‘Seperation’ will mean for Beauty/Nutrition. So it is huge and I believe linked to the reason £1.70+++ was rejected out of hand. We will see but you don’t know & I don’t know for sure only Moulding & Allen etc & the Big shareholders who sided with Moulding. We will be the last to know but if it brings me a decent profit I’m Happy. IMO DYOR..

I think quite a few of us LTH repeatedly said this would not be sold out cheaply to PE. Good chat last night with @licker & @SP about what’s going on behind the scenes & that definitely something is playing out. Why would £1.70 be rejected then the Candy approach which we presume was £1.90+. All rejected with the full support of the major shareholders. So Moulding has said been offered £1.90 but we are going to to X you will all be better off & they said yes let’s do that. It must all revolve around Seperation so are SoftBank still go ahead with separated Ingenuity at a reduced %?! Have they got a buyer lined up for Beauty/Nutrition but both continue using Ingenuity for long term contract. Murphy left THG with immediate affect he was on BOOTS board and failed to buy BOOTS 2 weeks again with CVC. Now CVC want beauty & Nutrition we are separating beauty and nutrition.. why did Murphy leave with immediately?! Does that then release the value for shareholders?! Some deal is coming as I’ve said all along Moulding decides this not PE he holds all the cards. I think we will get overall £3+ out of this & be massively rewarded otherwise why would big ii back home to turn down £1.70-£2.. The REAL Payday is coming just hold and do nothing.. Thoughts on a postcard IMO DYOR

Thanks @SP28

@licker I think you are bang on that something bigger is coming. As we know Seperation end of the month hopefully. What about if the deal is Beauty is SOLD. Dominic Murphy CVC partner was on the board of Boots. CVC had its bid for Boots rejected 2 weeks ago for £4billion. He resigned from THG with immediate effect!! Are CVC buying beauty but sign to use Ingenuity then Moulding roll the rest private?! Saves him trying to raise extra funds privately if needed.. Do we get a dividend from beauty?! Not sure how that would play out as a bit over my pay grade.. thoughts much appreciated?

They want your shares at absolute rock bottom
They know retail investors haven’t got the stomach or panic or simply need the money or overexposed leveraged. In 6 months this will be £1.50+. If you can’t wait 6 months you are in the wrong game. Royal Ascot today maybe an e/w accumulator would be better & much more fun than watching a candle stick going up and down & getting stressed every time it pulls back. It’s clearly overshot down just like it overshot up £8. And guess what when mm & ii want it to go up it will overshoot Up again. Enjoy the sunshine I’m thinking a few Coronas as so Hot.

Wake me up when it’s back over £1 waste of my time down here!

Re Candy Bid @CitySpy

So it transpires Candy offer was quite "healthy" but backed by debt, which was of no interest. #Thg #TheHutGroup

Nothing has changed for me with THG. A few chancers with low ball offers got told to do one & the market reacted to this on the same day as talk of 11% inflation & BOO & ASOS profit warnings! This is a moment in time take a step back and fast forward 6 months 2023. War over?! Inflation under control 5%?! Interest rates no longer rising?! Brent Crude $70?! Who knows but things change quickly only last year you couldn’t give Brent Crude away $40 then it spikes to $140. It’s all a moment in time step back get away from the screen live your life & stop worrying & in 6 months THG will be £1.50+ under its own steam & stronger. Time is you friend in the market & 2023 only 6 months away we will be £3Bil+ Revenue & the current market cap today is £920Mil we have £500 Mil Cash in the back so Revenue of £3Bil+ in 2023 & a company worth £400Mil?! Enjoy the sunshine and think longer term & you will make 5 x Bags IMO DYOR

Oh ok thx HH.

HH what do you mean re 93CPR? Thx