Member Info for blert

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Whatever OSG

Enjoy your ice creams

All in Licker?

Who posted the Phil Ainscow link OSG ?

The more postive news the better. Q3 MP news will be dropping shortly as per the Linkedin post this week by a chap I can't remeber..

I ain't getting sucked into an MBO. I've been down that road with bids and takeovers before.

I want the company to trade its way to a higher SP and if a capital event comes along so be it. I believe separate listings is more likely.

I've been holder for a long time and only add when in funds.

Yes, obvious Manifesto it's not you.

Yes, we need new passengers for this train. Not sure newbies want to pay over a quid currently. Maybe some potential client news would help. We Know Ingenuity is working on a complex deal bigger than Matlan as MM gave us the heads up. Some have speculated it's to do with JD and Pentland group IIRC.

Failing that Manc, OSG & Co will have to double down on their MP purchaes to keep the profits rolling in...

Ashes gone

and some POS is winning the open

Not a great dayfor sports nuts

Trying to link anything to suit the narrative, makes it less credible.

I'll give it a miss they sound to highbrow for me

cheers

Has he mentioned a price ?

I ain't getting the 'all in ' signals yet tbh but am looking for them.

Made me chuckle

Compelling stuff. What's going to be the next clue ?

So many theories time to boil my head

All we know the Steves on here were a couple of snides. I don't include Hull in that .

500k buy a ruse then or JG filling his boots

Interesting something seems to be cooking and its not my sexton blake.

He's inferfing that there's MBO in play . I aasume

Going to put some more funds in my HL acount for top ups.

Manchester weather eh

Times

Matthew Moulding’s beauty business has offloaded two struggling divisions to stem losses of about £15 million.

THG has sold its OnDemand division to a new entity backed by its management team and Gordon Brothers, the investment firm, and has agreed a sale of its cycling equipment business ProBikeKit to Frasers Group.

The two units made a combined loss of £14.6 million last year and THG proceeds of £4 million from the divestments.

The announcement sent shares of THG, formerly known as The Hut Group, down by 10p, or 9.3 per cent, to 97p last night.

The company said the OnDemand business would remain a customer of its Ingenuity platform, which allows third parties to sell products directly to consumers.

Moulding, 51, founded The Hut Group in 2004 with John Gallemore, 54, his fellow former Phones4u executive. Moulding has built the group into an online beauty and nutrition business with more than 8,000 employees and best known for its range of Myprotein sports nutrition products.

It was popular with investors when it floated in London at an opening valuation of £5.4 billion, but corporate governance concerns, questions about its valuation and financial losses have combined to push the value down to £1.3 billion. THG appointed Sue Farr, 67, as its senior independent director to strengthen its corporate governance in April after bringing in Lord Allen of Kensington, 66, a former chief executive of ITV, to replace Moulding as chairman in 2022. Moulding has remained with the business as its chief executive.

THG announced in January that it was looking to sell lossmaking businesses after it had been knocked by a slowdown in sales over Christmas. The company conducted a review of underperforming categories so that executives could focus on its core beauty and nutrition brands.

Moulding said: “I am delighted to see management and Gordon Brothers continuing the fantastic work of the OnDemand team and I have no doubt the ProBikeKit business will continue to thrive under Frasers Group.

“We will remain close partners with both the OnDemand management team and Frasers Group through continued Ingenuity services.”

He sounds hacked off to me and resigned to the fact things won't change on the LSE even with THG looking less complex to value

So what's he going to do about it...I can't see how THG remains on the LSE as is

Perhaps the TGL has told him to give it time but he's frustrated and dejected going on that post.

He's made up for the lads doing their MBO and getting unshackled

Anyway lets see and now back to my bevy

GL