Member Info for Canary3

You are not alone!!!

I agree is far too cheap, has why i have been buying in he 50’s, i have much more faith in MM and the board to deliver value over the next few years, than a break up asset stripper, which was Apollos proposal. (if you believe MM.)

GL

I think that the board led by TGL, consulted with major shareholders on both bids, that is last year and this year, and both bids were turned away by the majority of those consulted.

So the bids were tested.

I think this because it was RNs'd and in the annual report.

Now those consulted might have been against it or for it, but perhaps thought with the GS still in play they might as well oppose the bids.

I don't know and i would doubt that they would tell any other major shareholders of their thinking. But they could have told someone on the QT.

Active investors only make a difference when they have big enough holding to have some heft behind their rhetoric, normally 5 to 10% of the shares outstanding and currently we haven't got one activist holder with a notifiable holding.

a significant active shareholder will have plenty of resources behind them to do their research and to continually engage with other like minded shareholders and financial media.

I don't see any of that happening with THG, rather the shorters that vanished seemed to dominate the debate in the media over the last 18 months.

I think and hope the AGM will throw some more light on things, but for sure by his time next year things will be far different again, as they are now compared to his time last year.

We just have to wait IMO

GL o all

I thought the presentation is a bit Meh.

A few slides making claims about valuations and PE Vultures, said there are simple actions to unlock value..no detail on what they are and how they should be done. (unless focus on cash generation is one?)

That Kelso have signalled ways forward that again are pretty basic. EG transition from standard to premium listing ( not very novel) also Use social media to get points across to retail investors- ( ff.s don't use linked in Retail punters hate MM using it)

They are all in on one investment -THG ( sounds a bit binary)

The stuff about the companies act 2006 how do they make that happen?

Thought they might talk some numbers, perhaps show the value of own brands in beauty or that ingenuity is being recognised as a valuable part of the company as other shave done EG Apollo or Lex

Share buy backs at this point IMO are counter productive.

If i wasn’t aware of THG or i was aware and negative, this presentation on its own would make zero difference .

poor show overall

Again IMO

Good luck to the minnows.

Glass half full here bought some this AM at under 23p.

I think thats ok.

I will be very surprised if the management come to their first capital markets day for 5 years, and do a first ever one for PI’s , in order to tell a tale off woe, personally i expect good news and optimism.

IMOofcourse

Leak?

they turned Apollo away , Apollo made a good offer..the Sky guy who seems to have decent info about THG said it was expected to be accepted and there could be another interested party .

The last offer that was turned away was 1.70 it was made clear by TGL in the chairman’s statement that it was deemed to significantly undervalue the company.

60p odd is nuts, it is as MM says the fast money, volume is very small, big holders are holding.

We just need to wait..

AllIMOof course.

Oke-I thought the bond is in euros?

I looked at it a few months ages could be suffering from ageing memory

The board will have 33% of the existing Equity to deploy without the need for a shareholder vote after the AGM say 450 millions shares.

IMO they will do a deal with some all of them, either with an existing customer, a finance house that is supportive of them or existing investor /s.

The good thing for us is , that if and when that happens Apollo are back in play, so the price needs to be higher than they wanted to pay last time around, it also needs to be high enough for any ‘disgruntled holders’ to be happy.

I haven't bought any today because the SP hasn’t reached the ow 50’s

GL

TBF to me I am likely getting confused with GMV..its a hot day!!

In MM post yesterday it said that Ingenuity employed 4,000 heads so circa half the workforce.

Surely It can't break even at 7.5% of 1.25 billion.

??

I have funds ready for the low fifties, but you are not making enough effort..

Thanks

GL

That LinkedIn post is very impressive, so THG have gaming companies paying them to use the hosting facility..who knew!!

THg is worth way way more than todays price as Apollo knows very well.

I bought some more at 56 and change...

GL IMO of course

Dpws500= We are definitely on the same page, i see there are a few comments about price and future SP, placings and so on.

MY take on those is,

- MM is correct about fast money driving the SP, the main holders appear to be holding and the 20 million traded on the day of the end of talks was IMO mostly the fast money guys trading the bottom out of it, you could see that in the 8.5’s

- The small spike the other day that lasted about a couple of hours was the fast money bots reacting to the Fraser story soon reversed when they realised what it was.

- The SP reacts to any hint of a corporate event, they know they can make money when that happens

- As Licker said the SP is governed by trading in the number of shares in the smaller free float, we see that II’s and HNW that do hold in this part of the total shareholding trade it up and down at will.

- It doesn’t matter what MM personally thinks about shareholders big or small, its what the board thinks is appropriate as a collective , the board is now a strong entity it’s not the same, Sue Farr would have been a key leader in the removal of the CEO at BAT, in all honesty THG is a small player compared to that. ( She IMO is a fantastic catch by TGL)

- The new shares coming out after the AGM gives great flexibly, IMO the idea of a placing around these prices when the Apollo bid was turned down is a non-starter, IMO again it is more likely they would be deployed as a means of getting major investors on-board and at a price the board thinks is acceptable. IF they think the company is worth billions , they wont sell 20% for millions.

The company is worth way more than 800 or so million that it stand at today, everyone knows that , i hope and expect a significantly different AGM this year, i hope and expect all the improvements that have been made and the business development push that we have seen in the last year, be made highly visible and how they will impact on the business going forward.

As you can see i think most of the heavy lifting has been done , i have been buying yesterday again and i will continue to do so, though not as many a slat time as i have a bit of diversification going on.

GL to all

Of course this is all IMO , and who knows we could see placing at 30% discount to the current price, but i have to say I would be flabbergasted if that happened, the business would be in complete distress if that happened, and the recent AGM RNS that said trading was strong was a complete lie..Highly unlikely

PS thanks ODR, My protein is upping the game all the time.

Vending machines are absolutely huge in Japan, they are on almost every corner, never vandalised and already sell frozen meals.

Thats the end game for this IMO

HH - That IMO is an interesting e-mail, last year they closed down the AGM very quickly, TGL ran and was very keen to close it off IMO, it perhaps explains why MM was ‘sulky”, Personally i think that was because there was not a lot of really good stuff to explore and explain.

As i said in other posts the last 12 months have seen remarkable changes IMO and it looks to me like they want that to be fully explored under the spotlight of the AGM.

A good AGM could spark some interest from the naysayers.

'As detailed in the Notice of Meeting, the Board is keen to encourage engagement with shareholders and will provide an opportunity for shareholders to ask questions in person at the meeting.’

GL to us all.

Link to Nestle CEO, they also opened a DTC operation in China with a subsidiary of ali baba also link provided

https://www.reuters.com/business/retail-consumer/nestle-aims-generate-quarter-total-sales-e-commerce-by-2025-2021-11-17

/https://theloadstar.com/cainiao-enters-strategic-partnership-with-nestle-to-boost-its-direct-to-consumer-dtc-business-in-china/

IMO Nestle and the Like will be in the mix if and when deals are announced

Nestle have been a client for ages, the chap who is central to their push to get 25% of their business on line by 2025 has been a key speaker at seminars held by THG.

The relationship is ongoing and hopefully this piece of information indicates that it is deepening.

Guess ..

@ Licker -You are on the money about Value Imo

As for strategy its being done for the last 18 months.

- New board as set in TGL terms of reference

- Reduction in costs through more efficiencies -2,000 heads

- Focus on three key areas = the closing of non -core business on demand.

- Ingenuity - Vivkek is all over IMO, new deals starting to appear and at least two partnerships focusing on more flexibility of the front end, giving users much more control of how their product is placed and marketed. NJ on line

- Betty in the management spotlight now , plenty of hidden value in own brands

- Finance DS providing more information on the each division now legally separated.

-JG moved to amore appropriate role for his skills and experience.

This company has got through a remarkable transformation in the last 12 months, the actions taken by MM and the board are quite radical.

The trouble of course MM hates the city and they hate him..but value will out the Apollos of the world wont let this go for pennies and the board wont let MM do anything really day ( although i don't think he will)

Al IMO of course i have been adding and will do so again if we hang around at 60p

GL