Member Info for Canary3

Mm is a class act, the idea that he cant' run a company is just nonsense, he has massively changed THG since the IPO, i find it unbelievable that people who are serious investors just can't see it.

They will be crying in there beer in the not too distant future and giving me a hard time for not telling them, i will of course reply that they continually said stop talking rubbish about THG..

More the fool them.

What forward looking picture for My Protein and personally although I think Ingenuity is the jewel in the crown, I have to say that My protein might just be a global winner for THG and eclipse it..please let us stay listed.

Gl as always

@ Jon Taylor Imo absolutely correct thats where the money is and that what Apollo value and want.

Gl

@ Oculus

Apologies, i take your views on board and i am reassured that Rev B shareholders will not be disadvantaged by these moves, in fact probably they will do very well.

Gl; as always

Boo is run by a bunch of shysters IMO, they are going take REVB from the current shareholders after being underhand with the current management on their interest / support.

I never invest or continue to hold shares in a company where I think the management is untrustworthy, it has saved me money a number of times and only cost me money once.

Boo is a big avoid for me.

Anyway we seem to have a modicum of support on very low volume here at THG

The lady who’s post that Vivek liked is ex Bat most likely they worked together there, but he has great contacts this for sure.

On the partnerships, they take months to set up and need to add value to both parties, there is definitely something going on in that space, and IMO its a new initiative.

As i said earlier time will tell, but again IMO Vivek and the Ingenuity teams are not going to repeat previous strategies that haven't worked.

GL

@ golden - I know that you have held the view about shopify since i invested here, and THG made a u-turn and said they are going for larger clients with greater visibility and quality of earnings. So your view was confirmed.

But they have now made three partnerships in quick succession with these companies, so IMO something in their thinking/experience has changed, they certainly won't be doing this to try and get micro businesses on board.

And again Imo it must be a significant change , they have been divesting themselves of small clients and closed on demand, so they wont be trying to recreate that.

I can only conclude that they have either gone mad or something has changed and it worth doing these partnerships.

Anyway time will tell as always.

GL

Are you replying to me Golden?

I am unsure why you think you have hurt my feelings, so you think, if i read correctly that these partnerships are waste of THG and Vivek’s time, as they will never be commercial?

BTW if you are replying directly to me, it would help if you could try to and be little more civil.

Gl as alway

PS I missed your posts during the Apollo approach, did you not have any views or did you prefer not to post.?

Three mentioned in the AGM statement are, big commerce, commerce hub and elastic path. I have been having a shufti at them, all three do DTC

The trading statement said this,

'Ingenuity has recently partnered with Commercehub, one of the world's largest commerce networks, to extend Ingenuity's marketplace solution and create a complementary, managed marketplace offering.’

I suspect it also applies to elastic path and big commerce.

These are some bits from their websites.

Commerce hub links to platforms such as amazon , Walmart , eBay, facebook selling sites and presumably they do the fulfilment for the customers on there hub, they are a headless system.

Elastic path provides the software and the brand manages all the fulfilment and so on and is a headless system

This is their blurb

The key pillars of DTC eCommerce include:

The DTC brand owns the entire customer experience and is responsible for keeping communication with customers directly.

Management of stock is completely managed by the brand. The DTC brand manages all aspects of the packaging and shipping process.

There is no involvement of a third party at any point, from product creation to fulfillment.

In many ways, DTC eCommerce allows for a much more streamlined customer experience. With DTC commerce, you can get to know your customers directly and adjust your strategy with those raw insights.

Commerce hub the have over 18,000 railers and brands on their platform and connects to Amazon, facebook and so on, and provide drop shipping as does shopify, Big commerce does as well. Not sure about elastic path

This a press release about the big commerce tie up,

https://www.theindustry.fashion/thg-ingenuity-and-bigcommerce-form-alliance-to-support-brand-digital-transformations/

This one about elastic path

https://www.thg.com/news/ingenuity-and-elastic-path-team-up-to-offer-digital-commerce-solutions

I think these tie ups are a new initiative that has gone under the radar, two were announced in April and now this new one in June, there must be some positives coming from the April engagements for THG to then sign up this latest one.

All three signing says to me that they see something extremely useful and potentially valuable for them in teaming up with THG ingenuity and i hope that applies to THG.

IMO ingenuity is rocking and rolling IMO

All IMO

Gl as Always.

This has been going on for weeks now, in early June there was a dip in the SP and then the buying started, for a few days a lot of shares changed hand at the bid price of 23.5, now they change hands at 26 and change. Someone has been buying all the way up and is still keen to get more. IMO

I posted this on the 10th of June.

I have also found the share trading interesting the last few weeks or so, there were a few days where the bid was rock solid at 23.5 and there were high volumes around that price, it seemed fairly clear to me that someone was buying off the bid and someone was happy to oblige and load it up, one day i am sure i saw a late trade printed of a million or so shares.

From the 23rd of May until the 6th of June I bought 8 tranches ( small) between 22.9 and 24.6, until the day after the II CMD , that changed, volume dropped off the price required to buy went higher, and I could get quotes to sell 20 or 50 thousand shares at above the prevailing bid.

Thanks for the clarification JG

Agreed Oxford and we also shouldn’t forget that there were some large write downs in the year end accounts, getting things cleaned up a bit.

I also concur with your earlier comment that if you are in the THG is a crock camp, it doesn’t matter what MM or indeed the board says, it’s just not believed.

If you are in the camp of this is going to be very good, it’s easy to get a little carried away. ( like me)

A couple of good quarters I think that things will change.

I think the future is very opaque , there are numerous ways to go and with the board still being built out and strengthened with some excellent appointments , who knows where we will end up, does a private company led by a dominant shareholder need a board of this Calibre?

Probably but again i have no idea

GL

TGL - 1,150.00 @ 82.88

- 1,250,000@ 41.12

MM - 1,169.00@ 70.22

- 12,820.512 @0.39

SW ( we think) 4,6000,000 @0.39

JG 578,710 @ 77.4

SF 40,897 @ 0.72

SF +1 26,500 @ 0.76

Grand total 21, 626, 619

Not too shabby, at one point TGL was down over 750,000 , he thought 82p was a ridiculous price last year, he ‘only’ put 250,000 into BB and that was after stellar results. He bought here after 3 months with a million pounds worth and thankfully topped up with another 500,000 pounds. Can't think of any other NON-exec chairman doing something like that.

MM as far as i am aware has never sold apart from helping his charity, we should not forget his billion pound bonus was in share valued at circa 8 pounds when the the bonus was triggered, all the press ever go on about is his Billion pound bonus, they never say that he held them all the way to 31.5p and still does.

I also wondered about JG not buying ( perhaps his cash was tied up who knows), but he bought today at almost twice the price of the Softbank distressed sell.

Now i don't think director buys are a reliable indicator that the SP will go up, but you have to say the commitment shown is stunning.

Finally the board is now a’fit for purpose’ board , Macd was allowed to stay as long as he took a back seat from a key committee , 75% vote if favour of him staying is remarkable considering he has been in post 13 years.

IMO that was 75% supporting MM , he wanted him to stay and he did.

GL as always

Glad i have been buying over the last month or so , i think it will all be ok.

I am sure its illegal to be involved in concert party and not declare it, REVB accused Boo of being in a concert party with others and that they haven't declared their partners and are investigating.

I think MM would be very foolish to be part of a concert party and not have declared it..

Personally i doubt if he is..but of course i have no idea.

So its Ok for Numis to chat s...t and MM has to suck it up...F..that IMO

Numis are a pile

I joined the buyers!!

Have look at the posts from Rock 8 and a few others from around the 17th of may before and after. tThe SP was trading in the 50’s , i bought at 56 and said i would buy more in the low 50’s.

So up 40% or so since then , the update was not unexpected IMO

Rock and co couldn’t stop calling out MM and they were pretty vile posts., they are just trolls for sure.

Gl

I have had a look around Commercehub, they do DTC but they do it through third-party marketplaces such as Walmart, Facebook ,Amazon and so on.

They have the ability to take the customer proposition and create/ enhance it so as to make it work on those sites.

So ingenuity is a different model, where there is no competition from other similar products.

I wonder what is in it for each party..

BTW when i first invested only 15 or so months ago, ingenuity was regarded as just another e-platform that had no unique features and in one conference call the explanation went down very badly. It has always been regarded as adding little to the overall value of the group.

Vivek in his year in post has led the turnaround such that it gets valued in the 100’s of millions by Lex and we hear Apollo, what an appointment, one of the principal reasons he joined was to be able to work alongside MM.

Prior to him coming on board Ingenuity was managed in an insular, inward looking manner , now it is outward looking , building partnerships and looking like the real deal and as such has a significant value

IMO Apollo wanted Ingenuity first and foremost and was wanting to sell down the other divisions to fund both the transaction and future development

I think they will be back, there has been hundreds of millions invested in ingenuity and the two fully automated warehouses, Apollo want ingenuity its a bargain at todays prices !!

MM is a class act..to get Vivek on board.

Gl

From the Trading statement,

Ingenuity has recently partnered with Commercehub, one of the world's largest commerce networks, to extend Ingenuity's marketplace solution and create a complementary, managed marketplace offering.

This is commercehub, any ideas on how ingenuity fits in? They don't seem to do DTC could it be two way deal as a partnership would imply.? Big news?

They are big do 50 billion GMV

https://www.commercehub.com/about-us/#

Blinky- i think thats a great shout- O@G very nice indeed.

Numbs were very churlish with their comment this morning, clearly a vindictive statement from them.

F..em