Member Info for Canary3

Yep never happened, TGL didn’t go around and talk to the shareholders, he was in on it for sure...all lies and nonsense

Well Crafty..thats all very well , but I should point out, that numerous posters have posted many times, that this is all a MM scam, he set up a couple of mates to run it and clearly TGL was in on it.

So much so that is almost became the accepted view on this board, or we that thought the bid was a proper bid just stopped posting about it.

This is a very strange board.

9 billion @ 4 quid a share.

Never reached that height since

As for Kelso Bit players iMO, TGL has put in more than 50% of what they have put in, and they only put in 100 grand each, its peanuts in their thinking.

the big changes will come from the new players TGL, Sanders ViveK led by MM.

All IMO of course ( no city gossip here)

I am looking forward to the next 12 months.

MM attracted TGL March 2022, Damian Sanders Nov 2020, as Non exc Chair and non -exec director respectively.

He asked Sanders to run the committee that oversaw the splitting of the divisions ( delivered late BTW).

He attracted Vivek to run the Tech side a good appointment IMO

He started the staff reduction over a year ago , that happened without major headlines etc etc.

The business continues to innovate and gain credible wins as well as continuing with automation and agreeing a global partnership with auto store ( non _ exclusive LOl) bit nevertheless less very credible.

Damian Sanders has said on linked in that he looks froward to working with Jeffries and Noblet, he also said that he had a role to discuss with a Chap working in specialist debt management. This will have been agreed and signed off By MM . I expect when something happens that the current debt will be restructured under Sanders guidance.

MM is doing great things his only fault as far as i can see is to allow the poor guidance to go forward.

As for golden shares spin off etc, the world changed since the IPO, thats why these things haven’t happened IMO, who would try to float off beauty in this climate, although the climate is changing you can see it in the news reports.

I suspect we have troll from the Times on the board, i am not sure what poster , it could even be me!!

GL

damien is talking to the big cheese and looking forward to working with him, the action will come from there iMO.

I’m not in the city so wouldn’t have heard it, but if thats the case i would have expected an article from the THG hating times reporters along the lines of,

MM embattled CEO of THG formerly known as the shed is under more pressure from ex head of II’s through his Kelso group ...etc etc

So for me its an unknown.

How do you know ?

has he or anyone else told you?

A decent sized shareholder can do that themselves, or their advisors can. IMO

Kelso need to get more skin in the game I think, why would you let them control your holding when they have such a small holding in the scheme of things.

https://kelsoplc.com/wp-content/uploads/2023/01/Kelso-Group-Holdings-plc-Registration-Document-FINAL.pdf

Kelso Registration Document.

They are very small , there was an aborted takeover of a target company earlier , it was for 180,000 pounds.

They set out to target SMID (uk)with view to taking a minority stake and then building equity to effect a takeover/change of direction.

They are targeting 25% annual growth of initial investment if a minority stake is taken or 2 times if it is an outright deal.

Worth a glance through.

Kelso have an impressive set of investors, they also style themselves as an 'Active Investor fund’ that wants to help the company release value for shareholders.

All very good.

In order to have voice at board level they need control / ownership of at least 5% of the company's shares.

They have good personal contacts, but to be an activist fund they need to be able to have the ability to vote a significant holding behind any plans they put forward.

That means about 75 to 100 million shares as minimum. I don't believe an existing holder will have said to them you have my votes.

With the volumes we see at the moment, i cant see how they get to that number in the open market and they will need 40 or 50 million pounds to get there.

Even if as an investor you are disdainful of the Company the board and TGL ( which I am not), it’s worth holding to see what happens. IMO

So the small price swings that we see day to day aren’t IMO indicative of whats going to happen to the company over the next 6-12 months.

GL

Word of the day there Steveinhull. i am out for lunch today with some pals, i will try and drop it in..

I think it is Vivek’s no front end, shared use of the back end I.E. Payment, picking delivery and so on, each company has a front end bolting on to that back end , so sharing costs between them. ( Front end constructed by THG and maintained jointly)

Coggles live front end was linked to Burton as i posted earlier

Why would that happen?

I thought that might happen..LOL

Golden after reading for the nth time, i get what you are saying.

Thumps up..

Golden This was from the press release by auto store ,

AutoStore also signed a global distribution partnership agreement with THG Ingenuity, part of THG PLC, the direct-to-consumer digital brands group. THG Ingenuity will provide AutoStore technology on a pay-per-pick model embedded alongside Ingenuity’s proprietary warehouse management, courier and optimization software, broadening the addressable market for AutoStore. The new service model and partnership were announced today during the company’s fourth quarter 2022 financial results presentation.

I read this as partnership between them to bring a new offering to market which has been driven by a demand from Autostore customers/potential customers.

So any new customers for Pick will automatically have the rest of the THG offering.

TBF it is bit ambiguous. But MM said in his Insta , that are we hoping that this will lead to billions of items being picked with each item giving a fee to THG.

Are you saying that MM ’s post cant happen?

I am saying that Austtore is a world class company in this chaps opinion, and world class companies don’t embed THG Pick and pay into their offering, if its just ordinary.

I am not saying its part of this offering in the article.

massive amount of brands on there across 5 areas , some big names including Armani.

https://www.dnb.com/business-directory/company-profiles.the_hutcom_limited.f7627195cc2256e9ac879538a7f4c19b.html

Says doing business as THG studios

Very interesting indeed, clearly Autostore technical capability is a world class, the system integrator Swisslogic that they work with seems to be world class.

So Autostore choosing THG for Pay as you pick, IMO is a real acknowledgement of the quality of THG’s software.

Its not just any old system with any old software, thats for sure.

IMO of course