Member Info for B1nky

Everyone gets very overexcited when the sp goes from 83 to 85.
But the BOD rejected 170p. Didnt even engage, try to squeeze 200p out of them, sent them packing!!
Hes right, it is a disgrrace.

Now we're up!!!!

Disappointing sp performance today.
ftse up, boo up, asos up, nasdaq up. wall st futures up, retailers up.
THG!!!!!

Warpaint reported strong trading for 2022 this morning.
More evidence that the cosmetics market remains robust and unaffected by the greater economy.

Zalando profit warning.

The IIs aren’t that clearly convinced!!
Otherwise they’d be buying more!

(Bloomberg) -- (Updates with details from note.)
THG coverage resumed with a buy rating at Citi following a
period of restriction, with the broker seeing the value of the
beauty division alone able to make up for the total valuation of
the company.
* Analyst Guido Lucarelli writes in note that beauty division
stands out in a very competitive market, with the best
assortment at the best price
* The stock has been hit hard amid M&A newsflow, commodities/FX
driven downgrades, corporate governance debates and questions
regarding THG Ingenuity, but are some positive signs
* Sees gross margin recovery to drive back margins to 9% by
FY25, while appointment of a new non-executive chairman likely
to ease concerns on corporate governance
* Recent M&A interest highlights obvious value in shares, sets
PT at 220p which is a 195% upside from Wednesday’s close

Well they tried to knock it this morning and the share price performed quite well. Bouncing off 70 again. And closing at the high of the day.
I also get the feeling that there’s a buyer in the market, which I haven’t felt since (I think) March. When the stock had a bit of a run before Betaville et al.

If Candy was genuine, and it looks like he was, I don’t think we’ve seen the end of him.
He may well come back with another bid and IIs will be keener to deal with him second time around.
Also MM will be looking to take private at some stage in the process.
Obviously, this isn’t now imminent. And it’s a painful waiting game.
But I’m sure none of this has gone away.

Yes. 70-73 seems to be range. Not very good that it can’t break out upwards at mo after such a fall.
Still selllers around.

Amman
You’re talking nonsense.
Yesterday the market was well up. We were u/c.
Today, yes we have moved down with the market.
More than the market!!

Even if it’s not drifting down, which it is. It’s hardly acting like a share that has a hugely positive announcement to be imminently announced.

Well if that was imminent, enough people would be working on this for it to have already been leaked.
If this was such a positive, I don’t think the sp would be drifting as it is, every day.

Separation is now complete.
Legally it is a done deal. It hasn’t affected the SP in a positive way.
They are not floating off or selling the seperate parts at the moment. They would be mad to do so
In this environment anyway.
So why do people keep banging on about separation? As if something will get announced imminently which is some kind of game changer?

As the city boys usually get wind of things before us, the sp is telling us that no bid is imminent.
I think we’re in it for the long haul.

Reasoned,
I agree 100%.
Thats why I am still of the opinion that he will take it private, he realises PLC is not for him.
Im hoping for sooner rather than later.

MM isnt really answerable to his shareholders whilst he still has his golden share.

Rock.
You are right, but also strong possibility of being taken private before.
With PE involvement (money). MM will do a deal where he still has his equity!

Thanks strangled.
Very useful.

It’s madness that 35p is being mentioned.
Cash equates to about 50p.
I know prices always overshoot. But hopefully sense will return.
All that’s happened is the BOD turned down a 170p bid and said everything is going fine.
The price was 116p after the results before any bid rumours.
The disconnect is unreal. It is obviously down to forced sellers in an environment where buyers are sitting on their hands. But I do believe that, ultimately, things will normalise.
I am gutted because I’m stuck in now for the long haul. But what can one do?