Member Info for danl90

Not sure he’d be able to buy. Might own over the limit for making a bid

Now launched

Where has the other 4% gone?

If it’s SoftBank then we will see rockets as that would be a huge boost of confidence

Seems very odd of that chunk of shares was sold

I think it’s 4bln now and decent profit

A lot of the cash spend has been on vertically enhancing M&A (Bentley, Berrymans and Clarmont). No more M&A is needed here now

In terms of revenue generating they have what they need for Beauty
- Lookfantastic is global brand
- Glossybox is subscription (along with Lookfastic)
- Cult is UK and East
- Dermstore is USA

The Beauty division just needs more "own brand" M&A but this isn't an immediate need

The business tbh atm has what it needs. It's just heads down now and deliver

Capex is manageable from trading and Ingenuity will become self sustaining

Also didn’t Blackrock buy more on ipo?

Thanks for sharing

Does say at the end retail have been buying. A good Christmas and hopefully the funds come back

Where have Blackrock said anything? Can you share a link?

Orderly markets? I guess sell what they think they can

Maybe at 100% sell out the discount is 50% so same £ result?

Or this is just them being prudent given this isn’t steadying yet?

THG don’t issue the TR1’s the funds themselves issue the TR1’s

And you also haven’t seen the SoftBank one of them selling. Sometimes the TR1 can take a few days to come through

Any insight?

I’m hoping SoftBank as that gives a great message about their belief

Also is there reason to think Blackrock have sold due to risk motivation? Some of the funds which are quoted as selling are passive

Yeah I know what DD means but what is it you expect they do?

What do you mean by proper DD?

Thing is is what leavers left are there to pull? The easy governance ones have been played

The business just needs to get its head down now and deliver Christmas

Ingenuity is being bought by a tonne of companies globally! To say it has no value is insane. This business is on the cusp of huge cash generation at a certain point ingenuity will be self funding (they say this in the last update but I can’t remember the exact figure)

If SoftBank come in their money means ingenuity gets there sooner if not the business will still get there

This business just needs heads down now

How do you know Goldman has done this deal?

A book runner is used for an after hours sale of shares

In effect they find buyers for the share sale so all completes in a single night. It’s the same with a placing

The issue will be if they don’t get this done ie not enough buyers will blackrock dump into open market

Also it’s a huge sign of loss of confidence

A book runner is used for dumping a huge bunch of shares as the volume is too high to handle by the market. You’d never find enough buyers in an open market for 55m shares so the stock would plummet and black rock won’t get the value they wanted so I doubt any of these shares are sold atm

This is not good at all! Really worrying and the price will be south of £2 tomorrow!

How on earth are they going to place £125m of stock!

I mean this is a huge loss of confidence. You have to think there must’ve been a lot of meetings with management and they have decided to bail totally

I can’t see where or at what price they will place this? This is starting to feel nervy and I liked this stock at 440p

There aren’t any more easy win governance levers to pull. They have all been pulled along with a results update and this is still having institutional investors dumping. What are management saying/ or not saying?

Fair enough. This Morrison’s was Blackpool and not my local area (I do know Crown Point (Denton) though!)

As I said what I saw was in effect a tiny Card store (always been Morrison’s style ie mini butches, pie shop, fishmongers) so it might just be a trail but it was like a mini store with its own staff member

Could just be a trial

Relative to their wealth, excluding MK and Carol, the top team own hardly any shares. And haven't put their hand in their pocket in the recent down turn

I’m an investor here but some of you want to see rainbows from everything and can’t admit anything is ever negative. Look at other stocks. Management have stepped up and bought. The CEO of asos who has left has even bought on the dip

Iain McDonald is worth about £30m just from his gain in THG a £100k but isn’t much to get excited about

JL working to a £50m bonus. So what. Would you all work harder if I offered a £1m or said fail and lose everything? Losing stuff is always scarier than winning big (it’s exactly this that makes gambling/ poker work)

He’s on a £50m free bet. He doesn’t get there? Oh well still banked his >£1m a year remuneration. The £50m just means whether he gets a boat or not. It’s hardly like it changes much else

Won’t even buy a single stock is shocking for someone who wants a compensation package which (and it’s worth pointing this out) is NOT normal on the London exchange and was contested by industry bodies at the time

You could say that this £50m all win no fee made JL make the wrong call. As he drove not to make the capex spend on new warehouses and automation sooner as the capex alone will cost >£600m which is a fair chunk of share price you won’t see back instantly

But oh course not no one at boohoo has ever done anything wrong