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The Times article in full
THG founder Matt Moulding pulled off a surprise swoop on financial newspaper City AM last week,
rescuing it from closure. The price was undisclosed, but the word is that the title was available for less than £1 million.
Moulding took to social media to insist he would not be meddling in the editorial line, other than laying down a command that it doesn’t “get dragged over to the dark side”. This is, presumably, a dig at the wider media, which Moulding believes has given his company a rough ride since its float in 2020.
City AM’s founders said he was a “perfect fit” — but the paper hasn’t always been so gushing about the THG boss. “Moulding is no villain but he’s better off not trying to play the hero,” opined an editorial last year. It added: “He is becoming bigger than his company, and that’s a dangerous place to be.”
Wise words. Will the freshly minted media mogul heed them?
At least one pal will be cheering him on. Moulding’s post on the deal received a thumbs-up and a grimace emoji from England footballer Jordan Henderson. Nice of Henderson to take the time, as he was surely busy cementing his own big-money deal — a move to play in Saudi Arabia.
Licker,
Analysts can write pages and pages of facts and come to the conclusion that THG is worth 75p. Other analysts write pages and conclude that it’s worth 225p.
You don’t need me to back up my view with financial data. It’s an opinion. Just like everyone else here.
My opinion is based on the fact that no company not the LSE is bid for, either by mbo, hostile bid, whatever, at more than 100pct premium. It doesn’t matter how big or small the free float is. It’s just wishful thinking. I’m afraid to say.
I’m not spreading FUD or anything sinister. Just injecting a bit of realism.
My views should be welcomed, not attacked!
DEOS.
There are some (admittedly completely deluded) posters on here, such as MANIFESTO, that think a £4.50 mbo is imminent. However, back in the real world, I think that £1.50-£2 is certainly achievable.
So, that being said, if you buy twice the amount that you’ve already got at £1 your average will come down to £1.50.
Good luck.
OSG
“ Just remind me why this fell on Friday about 15% on Friday. ”
Pleasure to help. But please try and keep up. I have said this before.
People thought that the RNS on Friday would contain some news of a bid or mbo.
It didn’t, it wasn’t bad news, but disappointed some people. So the sp gave up some of its recent gains.
Manifesto
As STE55 pointed out, anyone working on a bid or mbo will definitely NOT like a MM LinkedIn post. They’re absolutely paranoid about things like that. So you pointing out “likes” to prove your narrative, actually proves the opposite.
Also, BOOM16, great post you made today at around 14:00, just read it.
I suggest the likes of Manifesto, OSG, etc. All the crazy gang, have a read!!!
OSG
“ 22 Jul 2023 23:36
Wouldn't it just be nice if you could actually find a reason for over £200 Million pounds being wiped off a companies value at one point, in only one day”
I’ll explain, once again, what happened.
THG is very leaky. Fact.
Word got out that something was afoot.
People assumed it was the much touted bid or mbo.
When the RNS came, people were, obviously, disappointed. The people that bought for the bid sold.
It changes nothing. If the selling is all done, we’ll resume our upward trajectory, if there’s more to be done, we’ll continue to sell off.
Patience is required. And if you still believe that a bid is coming, buy more. And if you’re Manifesto, and you think that bid will be £4+, you’ve now got a chance to buy many more.
Manifesto.
Every institutional investor would accept £3., having seen their investments below £2 for the last 24 months, and as low as 34p.
They must surely have realised by now that their investment at £5 was not their wisest decision to date.
I, too am not holding out for £5.
So, not for the first time, I’m suggesting you get real.
I’m usually most critical of MM, and I certainly don’t think he should be running a PLC. However, I really don’t think there was anything wrong with his linkedin post. And the papers obviously couldn’t see much wrong either. It’s just this BB that over analysed everything, good and bad.
I wonder if the uber bulls and rampers, such as manifesto and the likes, predicting £4,£5+ will calm down now. Or still hang on to their delusional predictions.
I would imagine if we’re up a couple of pence on Monday, they’ll be back with even crazier predictions.
This is what I think will happen now.
THG will grind up slowly over the summer to 150p ish,
With no corporate activity whatsoever.
Then, beginning September, when all the lawyers and PE and bankers, etc. are back at their desks, having spent the summer quaffing champagne on their yachts, moored off St. Tropez, a bid, mbo (possibly both) will happen.
I don’t think it’s more imminent than that. The volume is just not big enough.
At what price the bid? I couldn’t say. I suspect 200-250p, but, obviously, would hope for more.
Either way, you’ve got to be in it to win it.