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I think we are stuck here (these levels) until Jan. Anyone else suggest otherwise?

170p offer looks better the further away it gets. Req. some basic performance from Exec and change in sentiment, both 50/50, for re-rate. Hopefully some decides to hunt down Nutrition as an acquisition

I think it’s just low volume causing strange movements. I don’t however know what will cause a material re-rate here : I think SP is suppressed (but I’m invested). Maybe when leisure gets sold the whole outfit gets viewed differently.

All hearsay and uphelpful.

I think the sad thing is at every update there is a cliff edge collapse in SP unless a bid is in play. It’s almost metronomic and the Board should be reflecting on this.

Hopefully Q3 update is +ve on pubs and reports completion of leisure sale. Then there have to be some open Qs as to why SP is languishing where it is. Ripe for PE take-out and breakup. 75p offer would pose some Qs to large holders and underpin an upgrade on SP.

I think it’s be better all round (inc. for MM) if he was not CEO. He’d have more freedom to do the off piste stuff he does and business would be run more objectively.

I made a terrible mistake in investing in THG (or more the mistake was averaging down) as it inc. exposure and THG kept falling. There is the argument ‘it will all come good’ but I don’t see how that happens with MM at the helm, non enough skill or objectivity (both understandable by the way and a sign of success in having carried it this far). My fear is he won’t let go. And Board bolstered as it is won’t insist on nor navigate change. Given where I sit I think I’ll wait for Oct and Jan updates and then take a view. I’d happily take an exit in the 200’s and anything above 150 I’d get over quick.

Need an objective CEO not a founder. And a Chair who is well (sorry to hear of possible health concerns). Board should see this. Basic governance. Prob worth about 50p in SP alone.

Strip out ingenuity and it’s not awful.

That is the No.1 issue followed by subpar performance at Beauty. Former req. riot act. Latter shake up. Expect one could sell nutrition now at sig. multiple

Disappointed in myself. For not have learned from previous.

It’s odd that RTN has not significantly re-rated then. If worst performing assets have been off loaded (alongside costs) then what’s left should much more valuable and focused - SP hovering around 50p post a good interim update and change of Chair does not reflect that. So either mis-priced, serious concern on future performance of group -or- yet to reprice. I don’t know what sparks a reprice? General market sentiment?? Bemused

Now reported in FT.

Monday will be interesting

Separately hoping pubs are nailing it this weekend

I would guess Oasis would not have advance warning of this (as in that would be improper). But some

Extremely strange trading and massive volumes last week inc sell down by biggest shareholder and exit of Chair… lots on all of a sudden

Not sure how I feel about below from Reuters. We’ll get an RNS re press speculation Monday morning I would think:

The report cited unidentified banking sources as saying a deal would involve TRG paying a multimillion pound dowry to Big Table to take Chiquito's and Frankie and Benny's off its hands.

I think smart money is on suboptimal results - they won’t be awful (I don’t think) but THG don’t meet guidance - meaning there’s probably a relatively quick buck to be made. My concern is the Beauty division - it’s doesn’t perform as well as peers.

This plus mega trades. Something is up.

As reported by sky : https://news.sky.com/story/wagamama-owners-chairman-to-step-down-after-activist-campaign-12957012?dicbo=v2-9Gzuy8u

Yes but market doesn’t agree. Market determines the price. Maybe gravenhurst is right - until wider sentiment shifts - this won’t shift