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ACE- The reason i posted it again is that IMO sometimes that fact gets lost in the discussion, i also posted some time ago that how big Hav becomes is not that important right now as things stand, but of course it becomes important in a potential sale.

The main thing for me is that GGP has changed, it and the new board want it to become multi billion dollar business, that will take investment and the cash from Hav ( which is still 12-18months away.)

Once I came to that conclusion i sold out at a significant loss.

IMO SD now has the board and the share register where he needs it to grow the business, which is great for the company, it may well take many years for it to become great for current shareholders.

I think it will be a minimum of 3 to 5 years before shareholders will know with any certainty if the company is on the right track to meet the goal of being a multi billion company.

As to SD and the 1.65 billion i think its the best thing for the company and to be honest I think we will see a similar amount of shares made available next December as unless something significant changes GGP will still have no income at the point.

So for me its a wait and see, still taking keen interest and posting a thought occassionally.

Although with the calibre of the new board anything can happen, and i may well be crying in my beer sometime in the next couple years.

GL

Yesterday 1.65 billion shares were made available for the boards use with over 500,000 without not requiring shareholder approval.

Those 500,000 are for financing and general purposes.

So they will come onto the market in the next 12 months as a minimum IMO. The other 1 billion will need shareholder approval which is a formality.

So the main thing for the SP is at what price do they hit the market. 7p and everyone is very upset and at 10p everyone will be happy.

Thats why people trade IMO, also if you have large holding it might be that some people will take a percentage off the table in case it goes the wrong way.

That uncertainly causes investors to think carefully about their next move.

GL

Sorry the fund was 500 million at the time .

Sorry The fund was 500 million not 500,000

I know some posters here are in Rev B. I posted this on that board a few minutes ago,

I haven't seen it mentioned on here, if i have missed it apologies for repeating.

On the 27th of November they sold ther holding for 5 million pounds.

They used to hold a substantial amount of shares, although at the time of selling I cant see how many they held. they have been forced / distressed sellers of THG along with Jupiter.

On the 22nd of August they said that REVb was 0.7% of the fund value The REVb Share price was 26.5 for that valuation and the fund was valued around 500,000 pounds

Holders might find it interesting to drill down a little more and calculate the number of shares that might have changed hands for 5 million pounds. During the suspension.

I haven't seen it mentioned on here, if i have missed it apologies for repeating.

On the 27th of November they sold ther holding in REVB for 5 million pounds.

They used to hold a substantial amount of shares, although at the time of selling I can't see how many they held. They also have been forced / distressed sellers of THG along with Jupiter.

On the 22nd of August they said that REVb was 0.7% of the fund value, i think the fund was valued at 500,000 million and The REVb Share price was 26.5 for that valuation.

I think the fund value was about 500,000 million at the time of that valuation

Holders might find it interesting to drill down a little more and calculate the number of shares that might have changed hands for 5 million pounds. During the suspension.

I took the opportunity to read through previous articles from the time about THG and MM, this one is the most factual IMO.
and is the only one that has hinted that things can get better, commenting on the fact that there is scope for margin improvement.

Also some of the articles were scathing about ingenuity, MM and the company in general.

It seems to me that some of the recent developments don't get any mention at all. I suspect the journals have stopped looking and are focused on the past rather than the future.

Interesting article about how this was set up and who was involved, written in Oct 2021.

This initiative was included in an article written about THG launch where MM was talking about the future of THG, it referenced that using agencies it was up and running in weeks.

The two main ones mentioned are Growth for the front end , they are still going and have this initiative was one of their main case studies, may or may not still be involved?

And a small consultancy that helped with fulfilment, they are now in bankruptcy, it looked to only a couple of people, so presumably all logistics were undertaken in-house by Heinz

The article also says it is available in Australia, looking at the oZ site it looks to my eyes as being less sophisticated that the one used here. So perhaps the one used at launch whilst the UK one has been revamped.

I cannot find any reference about Heinz to Home and THG in the media , just that Kraft Heinz are a client in the trading reports.

Golden found the information Via linked in and that was by a person who had recently left the company starting a convo. That seems a little odd to me and i also felt that the Iceland initiative was also very low key until it came about via a trade conference.

Are there any other lights under a bushel that THG is keeping under their Hat, What about OZ for Heinz?

https://www.bundl.com/articles/example-heinz-to-home-heinzs-first-ever-d2c-venture-launched-in-3-weeks

I am Stil a sum of the parts investor and I think that MM will be the one to deliver it.

American beauty keeps singing..

https://www.cnbc.com/2022/12/01/ulta-beauty-ulta-earnings-q3-2022.html

Pearls of wisdom we hope!!!

good post thnaks

Thanks very much for that Golden, much appreciated.

Hopefully they are just clearing out rather being under pressure .

I was rather encouraged by the Shopify chap, we will see soon enough i guess.

GL

Morning Golden, could i ask if the My Protein numbers held up or did they drop back.?

Thnaks

I would suggest that nobody wants to buy in volume because the company is controlled by a few holders.

MM + The Board plus the QIA have control, there can be no takeover by third party unless it is agreed by these three. A hostile takeover wont happen.

So MM and the board have a free hand to run the business how they want and no other shareholders will be able to exert pressure. Unless of Course the QIA sell out to a third party and they can garner enough support from other shareholders to make changes.

We just need to see how it plays out, i have confidence and a couple of years doesn’t really make that much difference.

TBF my average is where we are sitting right now, but alas i have too many getting it down to here.

All IMO of course apart from my average and my too many shares.

Just looked at the heinz to home site, it came up on my Facebook..added lots of stuff for xmas , including personalised bottles same as coke site.

They have ramped it up since last time i looked.

I think that his description of trading this year compared to last year helps explain the numbers regarding searches that Golden posted.

He said last year, more frenetic , focus on quantity , buying across multiple brands. less discerning,

This year , more measured . focusing on quality and beloved brands, more focused but still looking for discounts.

( my words and some of his)

IN my minds eye i can hear the customers saying to themselves ," stop buying all that stuff you don't know and end up not really liking and just buy what you know and like, and see if you can get a deal”

Personally i have been doing that with my wine, I like wine and like to experiment a bit, but or the last 3 months i am buying what i know and like. and waiting for the 25% off offers and buying plenty when those offers arrive. So tracking my searches for wine would show big decrease but my spend is the same really.Same thing really.

AS long as THG have the beloved brands and are front and centre with the customer, then we should see good numbers.

This is him talking on CNBC earlier, the SP is about about7/8% currently

https://www.cnbc.com/video/2022/11/25/consumers-are-being-more-intentional-with-their-purchases-says-shopify-pres-harley-finkelstein.html

I think for completeness he could /should have referenced the upcoming AGM, where 1.65 Billion shares will be issued for the companies use, over 500 thousand of them with disapplication of Pre-emption rights.

Of the 500,000 there are two 250,000 tranches, one for General purposes and the other for Financing purposes.

So IMO there is an almost certain 500,000 shares coming on to the market next year and potentially many more.

Perhaps he has chosen to treat that information as not being material but i would have preferred him to state that in the article.

GL

******

Cheers Steve as you say it's a really interesting read, .this is where the money goes, without the money it will fail IMO.

I like the fact that he references the history and commitment of the past to get to where it is now. It's not easy thats for sure.

First time i have read of a headless front end although i am sure that its been going a long time in the industry.

Thnaks

Fair enough about the 3.2

This is the quote from the other article.

U.K. consumers are set to cut back by the greatest margin in the region, spending 18% less, while those in France and Germany both plan to reduce their spend by 15% and Spain by 13%.

Hope they are wrong.