Member Info for Cong

Thanks oke, appreciate the comments

Oke, is that something you have heard regarding Apollo changing terms / chipping THG on share price, or your take of what has been said so far? I thought Apollo came back with a higher price, but didn't notice anything else?

Lol HH, very nice, I like the contrarian approach. I may have to give it a go tonight.

Enjoy your bankholiday weekend too!

Lol I'm joking about it, but thanks for the advice I already know. Shrug

AS, I hope that is the case and is something I have thought about. They say it comes in threes, in last few weeks I got written out of a will when a relative was very ill losing mega £ , this happened and I didn't even win £25 on bonds! It's gotta get better right.... Right..

Hosai, agreed about the deal, it does seem it was close... So close like he said " down low... Your too slow!" As he pulled his hand away. Really hope so about the rest

Maybe he bought them from a door to door sales man, and he promised it would change his life. Then exchanged them for 90p down the local and got some nuts. I'm bored so sorry for the bad jokes and nothing personal loko :) how's your bank holiday weekend going HH, finish off that white lightning yet?

I can't help but think that Matt will try to get away with the lowest price possible. I'm not saying he'll steal it for a £1, but my view is he thinks everyone that is worth while, friends, family, charity etc will roll with whatever happens and those that don't, are maybe not worth considering? Though contradictory I also feel If he pulls it off though, even if he does come in at £2 and no one else steps up, he has taken back his company that he sold a few years ago for over half its value, that surely would be a win for him and worth putting a decent offer down first to get it sorted quickly if an MBO or w/e does actually happen? I completely ballesed this one up, like Manc, I hovered over the sell. The prices just seemed to have fitted with his defiant F you rant and Apollo being very interested, disappointed I didn't cover a little bit, but I can't help but have faith in the actual business, even though I just can't work Matt out all the time

Can't he share? Give them control of beauty or nutrition and have the other and ingen

Not too bad HH, I had to buy one of a guy that was half empty, not sure what colour it's meant to be, but does look odd

Anyone know how long it took them to come back to wood group after first decline?

I agree with rock, I don't see him selling anything now. Maybe parts, but nothing that would make him loose control of any division

* which most might not want to do, if it is bought out low**

Manc, I kind of got the feeling he was mainly making a comment about most of the swings down / up are only because of the 35% or so moving it, even though the rest is held . I haven't read it since this morning and my brain is fried, but he also seems to be giving existing share holders the ability to roll with, which most might want to buy if it does go low... Could be a option...

Obviously it's him kicking Apollo out the door ;)

I said it a few weeks ago about if we would be able to roll our shares, I can't think this morning, but I'm sure what he's saying is that we can, not just those that work at THG right? As I know that's what is his reason behind it

matt's post snippets.

pe firms usually want majority ownership. we’ve been clear: don’t bid if you want 51%, plan to use debt to leverage up, or won’t allow existing shareholders to stay invested. this rebuffs most pe firms.

...

like with all previous bidders, the apollo bid wasn’t right for thg. yes, it allowed existing shareholders to stay invested, with me continuing to run the group. but apollo also wanted pe controls, particularly across beauty & nutrition where they asked for controlling equity rights.

like all previous bidders, apollo were told their bid valuation and structure was unacceptable. yesterday apollo set out how they could raise their bid further, ahead of a deadline set by the takeover panel. their latest view on ingenuity had it as being significantly more valuable than the whole of thg the day before the bid leaked!

no ****! ingenuity is great. but neither apollo’s bid price, nor the structure proposed, are in the best interest of thg. myself, charles and the board, supported by>50% of shareholders, all agreed on that.

and so, the apollo bid was based upon smart financial engineering, capitalising on a wildly low share price from thg being on the lse. i get excited about building and growing things, not spreadsheets.

The post has helped to take the sting out of it a bit for me.... Though still obviously not a good day.

He's saying Apollo thought ingen alone is worth the SP before leak occured right? Lol at the first comment I read at bottom... " But what happened to your foot"

Matt's comment where he says don't bid if you won't allow existing share holders to stay invested is interesting