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Potential is b-ll-x if execution is not evident. There was a promise in relation to Italy MDC before Christmas and six weeks later f-ck all happened apart from the publication of a teaser which was recorded on 12-DEC-22. That was disingenuous (effectively lying). These guys are taking the p-ss. Not really interested in seeing the three amigos sitting shoulder to shoulder anymore because they are frankly not believable.
Much made of the small stake. This is a bunch of heavy duty legal and finance hitters who started with 3m but there is absolutely nothing to stop them printing new shares and taking a significant stake in THG at ridiculous prices, themselves, or by onboarding additional investors to the "fund" (watch it). The threat of that alone is likely to put a floor on the price but further activism likely to be a big problem for the short float. Something is definitely afoot, the quantum and timing remains to be seen.
If what we were told
Were actually to be
Not looking like much to get wet about around here.
Guys, you are waiting about 20 years. If you're worrying about what happens in the next two months, well ...
They know we all know. Now they have to extract themselves gracefully. SEC and activist activity on shorts in the US is going to start making /everyone/ nervous.
... hot air ...
Price/volume profile says this is heading up. Remains to be seen whether it is THG specific or market in general (seeing it with some other issues). These guys need to get their special share and premium listing problems sorted out.
https://mobile.twitter.com/BucklerFern/status/1618966144832135169
Covfefe
"Showsnowman" The chumps Yes man.
Did you mean bequest, behest, or request?
Rubbish. This flies in the face of any kind of acceptable and reasonable corporate governance. If this is true, McDonald, the CEO and Chairman all need to go. Playing games with the company and the SP is not on.
Steve, I think we all know how the city information circus works.
My view remains the same. The IPO team had their rosy glasses on and the research team the opposite. The all had access to the same information, no? But formed different opinions from the same datum to suit /their/ objectives, which clearly indicates lack of objectivity and independence.
The companies free-float statement on their web site is as at October 2021. There is something seriously lacking in this companies investor relations strategy. So, where does the buck stop?
It looks like Kate Grimoldby and Viki Tahmasebi need to be replaced by someone who can actually do investor relations. If the investor relations parts of the web site are out of date, they are asleep on the job. I'd suggest one head, not two.
What are PowersCourt up to? They should proactively review and identify and investor relations or PR gaps. Doesn't look like they are earning their fees.
Investor enquiries:
Kate Grimoldby, Head of Investor Relations
Investor.Relations@thg.com
Media enquiries:
Powerscourt - Financial PR adviser
Tel: +44 (0) 20 7250 1446
Victoria Palmer-Moore/Nick Dibden/Nick Hayns
thg@powerscourt-group.com
THG PLC
Viki Tahmasebi
Viki.tahmasebi@thg.com
Seriously looking like there are too many senior people asleep at the wheel in this organisation and management need to recognise it and shake it up.
... our Chairman and CEO got up off their ****s and started playing the city at their own game, which apart from running and growing the business, is a /large/ part of what they are paid for.
If Iain McDonald participated in a bid for THG, he should no longer be on the board.
I'd put Numis in the same basket as the likes of Align Research. Do the opposite of what they are saying. That would have been right when they supported the original listing, and is probably right now too. These guys are certainly /not/ here to help retail make money. So, Numis becomes like the "Cramer Effect".
Numis calls itself "a bank", but has revenue of only £140.7m and net income of a minuscule £13.7m for FY 2022, which /cratered/ in comparison to FY 2021. And they are ****ging off a company that did £2.25b in revenue for FY 2022, which they helped float, and they have now turned on? Definitely narcissism at work here and if I was on the outside looking in, Numis would not be on my go-to list of "banks" for any investment banking activities. No wonder their revenue/NP has cratered.
"What a numpty"
Anonymous drive-bys are easy and cowardly.