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This is significant news : shows FI are getting into gear for something to happen and echos Navitas statements and actions with action. It’s been such a long wait - so hoping 2024 is brighter for us holders

Busy in Camden yesterday.

Hoping it was the Chair that pointed out EXec restructure ie new CFO req’d and that MM is learning by listening.

The concern with Q4 was it was tee’d up as being +ve in previous RNS and then flunked. They must have known this was going to happen… numbers on sales are live. And if they didn’t know that’s obscene. Complete roulette on Comms from THG. And a shame

On results… we’ve in the main been let down in the past as there’s been over promised and under deliver on both performance and strategy. Q4 results and example. I am so wanting that to change BUT what is the catalyst? Lord Allen hasn’t been instrumental yet (tho we don’t know what rewiring he is up to) activist investors maybe have air time BUT do they have influence? I am so wanting a better update than history suggests BUT I cannot point a progression that confirms this will be the case. I guess this is the first time the individual BUs report on performance BUT it’s not even certain that is what THG will release. I’m holding and wanting for better 200p is a win for me… anything above e/o.

If anyone passes / pops into a Waga or Brunning pub over Easter pls may you share how busy / not so busy it is? Esp interested outside of London. Tah

Wagamama out there on its own … in terms of offer … I’d like to the good acquisition… esp for international expansion/ licensing…

Hoping it bodes well for general interest inc. RTN!

Not sure on under offer : it’d have to be around 200p (fab) and no one’s come out since previous bid.. guess with GS expiring it becomes clearer.

six months… an annual report, another trading statement and golden share cliff edge by then. Surely with tailwinds on a like-for-like to previous year.

I think there is a gap between (a) seeing value and (b) being able to act on it.

(a) appears to be closing on multiple fronts but it is for THG to primarily push the door. (b) fully closing it by action : read big share buys and or buyout isn’t something THG / we are in control of : it’s relative to other macro moving parts >> my view here (as a complete layman) is macro isn’t great but it is getting better and THG might be cheap and/or good exposure to upside when current clouds clear.

AGM in May… annual report out (yet to read fully)… may prompt some action from Oasis? Separately, now is the time we find out if the hedging for energy was worthwhile : I must say I thought it was sensible when taken out at the time.

Thanks Manc. Will feel much better at 105p. At £2 going to get a home…

Well done to most … I’m sitting at a 105 ave. My learnings are I was too quick to ave down (there was much much further to drop than I thought) I went in a bit too big and so got less comfortable putting more in - but in hindsight I should have bought at 30s. If this does go to £2 I’m on the housing ladder.

Hi Spades, yes that makes sense (and I wonder how much despair is built into price already). I think some wider buyout activity would stoke interest too. I think RTN doesn’t survive as is : gets bought and broken up or breaks itself up.

Hi all and at Davde, sense there’s not much action on SP now until material update : good to see slight rise but I’m guessing this SP only moves when Oasis act again and/or Exec make statement on future. I’d be okay with a break up to release value or PE take-out but I think for the latter probably best for a PE to bide time and sit tight : no reason to pounce right now unless you need to put funds to work. Keen to here other views on what might move this? Tah

Presumably SP will middle around now until Q1-24?
As material updates are aligning for then : Sealion / OM.
Thoughts?

How are you arriving at £4 valuation (pleased if it moves to that obvs).

It’s just …. been like this for a long time… recognise patience is a skill >> however >> expect (and have been so disappointed before) a straight forward transparent update in April not more gusto. Very happy if a partial sale achieves a +200p outcome. (Lowering exit point as difficult share to hold, no rhyme nor logic.

How does this materially affect THG? I don’t think it does.