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Well put ‘I couldn’t comment’ it is a make or break : I just wonder how much of break is factored in? If it’s a vague or poor performance blaming all around. Is it a short all the way to a wind-up? I’d think the IIs will not put up with more shenanigans… and at some point GLA will grow a spine. Fingers crossed. Very much hoping for a material uplift, +50% at least on results

Who knows Delos. There’s a bit of me thinking this at the very least will get back to the Director buys around 45p, if nothing else because they’ll force it as a BoD to save face. I say this as I think much of the valuation impairment at THG is self inflicted - ergo it is also therefore able to be corrected outside of how the external market it is : tho fingers crossed that’s a bit more stable from a THG perspective and so supportive of increasing revenue and margin

No one should put their life savings in any one company. Any one company. And if one were to - certainly not with the corporate governance non-performance exhibited by GLA at THG. I remain invested -despite- the CEO and major SH, not as a consequence of. MM's removal from an Exec role at TBG would, in my view. step-change SP as it would create confidence in how (and whom for) THG is being run,.

Results next week.. why kitchen sink them… surely that was done on exit of CEO and stepping in of founder?

Current mkt cap is just under £400m.

Selkirk bid more for nutrition but on a debt free basis. Say their upper limit was £600m.

What would a Beauty valuation be? 800-900m.

The challenge in trying to assess this is : we don’t know the Ingenuity tie up and it isn’t yet transparent as to whether the relationship is market facing or breakable by a prospective purchaser (and if so at what cost). Though in reality MM would not allow it as that would end ingenuity. Therein lies the inherent conflict with MM being major shareholder; CEO; Board Director and owner of biggest supplier of services.. total stitch up.

I don’t see how either nutrition or beauty are buyable without some commitment to ingenuity.

So in my head - the near term SP growth will come from Nutrition offline growth (surely this is happening); whey price stabilising; hopefully semi decent Beauty results… but even with all this how will it translate into to SP rise? I ask the Q as you cannot get to the value. It’s locked in an MM cage. Even the value grows it is inaccessible. Therefore why buy the shares?

This doesn’t sit with me well as I am too over invested in THG and I’ve just realised it’s all sitting on the other side of the MM value cage, being devoured and the jailor of all people is the Chairman … could you write it… GLA… exactly which shareholders interests are being best served. Not mine.

This w/o MM last 3yrs. +150p easy. Easy

Everyone who pointed to concerns with THG and governance of have largely been vindicated; the FT articles identifying hotel arrangements and Williams contract eye opening. Someone at BoD must exercise discipline and hold Exec to account. Sadly that is not the Chair whom 1 in 5 shareholders do not back (more if you exclude MM controlling stake). I would like to see Frasers take a seat.

It’s a requirement - it’s not elective, see below. That said I would welcome some positive momentum. Or a sale?

Under the terms of the Company's Remuneration Policy, one third of any annual bonus payable to the Executive Directors each year, net of tax and national insurance, will be used to purchase shares which the Executive Directors are required to hold for at least two years from the date of acquisition.

And Paul - with fair wind when might one expect a first oil? Separately, to add to all the other posts I have been in a loss on this for the best part of decade (ave 20p) until this last year. … kicking myself for not buying at 5p during lockdown… thought it was too high risk then. Oh to look back now.

I was hoping for more of a bump today. Risk on tariffs removed albeit w/o huge direct impact on THG. Also unclear as to why we remain beneath placing price at dilution. Surely THG in an equal if not better position now. To add MM hasn’t done a LinkedIn post for say a month (?). GLA has been told he’s been flim flam in performance. Nutrition simply can’t perform as badly as last year. Sporty Summer would you think help. I am no fan of leadership or Board - but SP is 50’s really that unrealistic at this point? I guess no belief in Sept results given every result for last 2yrs. But surely it’s been kitchen sinker. Sorry for my diatribe. Just trying to make sense. Make it make sense

Would be pleased with a few % up this week. Only so I can look at it in the share account. It really is Sept results with hopefully + interest rate environment and someone somewhere thinking they could do a better job with Nutrition that Im hoping and I hope is reflected in share price. Say 8 wks tops to go. Separately, I hope the GLA is working hard given the rebuke he had on reelection

I think there needs to be an acceptance, deep down, that many of us got this wrong. We got it wrong. I failed miserably in averaging down … tho a few recent buys in 20s have done well. I am still significantly down ave not at 75p. I am unsure if that will return …. But given there is next to no confidence in THG forecasts and MM and GLA… a decent result in Sept… could have a massive impact . So I’m waiting for c8wks to see what yields.

And at a THG level : results in Sept. And Some response to 20% voting against re election of Chair

What would be the argument against it being a screaming buy? - another cost overrun? - I think this is now covered. Slow pick up in approvals / deals inc. funding? Surely a this is changing. Competition. Doesn’t really work like that. Massive fire legacy bill… possibly.. operational failings. Again how much more to come out of woodwork. Am thinking of piling in

Sideways until Sept results. Here’s hoping whey drops in meantime.

I can’t see how VTY is not a screaming buy. Govt absolutely need house building to GO. If it does VTY cash in. If it doesn’t we’re stuffed.

Er EZY P/E not much higher than IAG. Separately, unsure of how to price in holiday stream of business.

And. How come no RNS?

VTY gotta re-rate soon. If H2 hits target then next c.5yrs with the Affordable Homes Programme has to be a massive underwrite of VTY business plan.

Yep Thursday. Am debating whether to top up in advance.

Grateful if political discussion skewed toward impact +ve/-ve on VTY SP. Per Times article VTY really will have to perform in H2 to review H1 and remain within guidance. My initial view was this is unlikely; on reflection I switched thinking rationalising that VTY BoD will have visibility on how Govt AHP funding will be released and joint confidence with partners, RP's; so I'll be expecting a series of VTY announcements over Summer and on the political side Govt will be banking on it; which in turn is why I am banking on VTY. Patience I advise myself.