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Hopefully MM media spat is shining a more public light on failure. BoD have been accepting of it (failure and brazen conflicts) but might less accepting as it is more widely exposed and so more widely reflects on their own performance. I wonder if GLA will step down?

It’s good that MM antics are receiving a wider airing. Exposure is one way of forcing an adaptation. These articles will not go unnoticed by BoD or staff or II’s. The quicker they all stop drinking the Kool-aid and wake up; the quicker some sensible decisions can be made; presently most are in the Moulding stupor.

Need the FCF update with AGM update. Unlikely to arrive. No requirement to provide performance data ar AGM… heck no requirement to perform at THG full stop. Jokes

Charts do not take into account MM gymnastics. He’s screwed shareholders on every update. Why will that change now? It won’t is the answer. The only catalyst is external action; protest vote; MA wielding weight etc. No chart will pick this up. And it’s to hope to be rescued. Ie implicitly accepts MM /BoD are dead weight.

These rants. LinkedIn flim flam. Throwing stones from a glass house. It is the beginning of the end. What self respecting Chair would put up with this. Matt man-child Moulding, the best value destroyer of them all with and undefeated share price decline. … how was 170p turned up??

It is odd that no public calls for Chair’s removal have been made this year given performance since last (and that performance registering protest). Baffling. I wonder if II’s have simply given up… ie will not even spend time on it OMVK, then at 2% holding, now fully out if I recall correctly. Is anyone going to the AGM?

On reflect OSG cult beauty at £275m was bought way over price it should have been. Way over…. MM unchecked excess.

Well said Gavstar… the constant averaging down has been my deep deep failure at considerable cost on this stock… and the warning signs were all clearly on display. Disaster.

We need to be clearing 66p. What an earth is going on? Sustained buying clearly. Hopefully it is MA inc. holding. And using that holding to good effect at AGM.

At Okehurst please may you explain this again. I don't understand the cost saving.

To add still have no confidence in BoD and MM but even discounting for their abject failure my view (perhaps incorrect) is that THG undervalued at 23p / market cap at c. £308m.

Can't believe this has even entered my head. My view is SP can't tank much more from here. This is the bottom? Bottom or it folds. Ergo I thinking of selling other shares investing in THG at this price point and then taking that sum back out again at say 30p / 35p to turn a small profit (large %) on that sum. I guess the Q for Board is ... is there anything else that might come out of woodwork now to further tank the stock... it is at all time low? Grateful for views.

My view (from bitter experience of repeatedly averaging down) is that as it stands no shareholder can place trust in the BoD to act in their interests -or- for that matter believe any of the messaging that arrives in RNS or briefings other than the numbers (that are dire). Further it is now an established practice for THG to distract / divert in some way smokescreen a regular update with some other news event (often bid speculation w/o detail). How the BoD refused outright to entertain an offer of 170p but have allowed MM to both walk off with Ingenuity and at the same time dump advertising (Williams); unfinished hotels; a share raise to pay for the walkway and further cripple THG with a non market facing deal with ingenuity is astounding. I have shared previously : Susan Farr and Lord Allan simply cannot have done their jobs however much window dressing is applied. They must go. As should MM. He is not behaving as a CEO. Albeit there are two other CEOs at THG who are MIA.

MA had an each way bet.

1. Buy to push into 250; followed by a rise as retained in 250.

2. Buy to push into 250; if failed. Loan out and short back to buying price.

Easy money.

Hopefully MA will ask for a seat on Board

Shame as I think Rita has done a good job in getting Hammersons into a cleaner more focussed organisation. Would hope this would be better reflected in SP.

Brilliant. Appreciate that Paul. Fingers crossed for OM.

Were we expecting more? Paul Drayton very much welcome your view please. Separately, when do we find out about OM? Doesn’t yet say whether RKH won or not. Fingers crossed

I don’t think Kelso have been promised anything they just realise they are powerless. We should all be writing to the IIs per Pearls post (please repost) and pointing out the failures of the Board to exercise their duties… see my posts below. Susan Farr has to go. As does one of Chair (GLA) and MM

Has GLA fulfilled below. I think not :

3.1 The Chair shall ensure that the Board has clearly identified, and is able to demonstrate effective communication with, the Company’s shareholders and other key stakeholders, ensuring all Board members develop an understanding of their views. The SID shall also be available to shareholders and other key stakeholders where such a channel and/or communication is deemed to be appropriate by the Board.

3.2 The Chair shall discuss remuneration, governance and performance against the Group’s strategy and business objectives with major shareholders and ensure that the views of such shareholders and other key stakeholders (as applicable) are communicated to the Board as a whole.

Clause 4.4 of the Chair's Role:

The Chair shall act as the principal spokesperson for the Company on all major occasions, apart from any specific events designated to the CEO and/or SID, as agreed by the Chair.

When has Lord Allen fulfilled this. Missing in action for the last 12-months. In not fulfilling this there are question marks over re-election