Member Info for Farrell93

If both bidders had walked away we would have RNS by now. If Allen knows there has been a leak resulting in the big movements we would surley also have an RNS? Nothing has changed for me, still anticipating an extension on Thursday. I think to say there has been synchronised leaks from both camps is bordering on a conspiracy theory!

We will get an RNS either way Boom. Just because there hasn't been an update yet dosen't mean there has been any more proposals. The board are not required to disclose each and every proposals as they land - this is a key point which I think is overlooked! The board may be sat on multiple offers!

Agreed - If anything no statement at this stage likely means we are heading for an extension. Worth remembering the board are not obliged to disclose every subsequent proposal during the period - see Homserve as an example. Neither bidder has yet announced they are walking away yet. We may see a statement on Thursday detailing an extension and possibly discussions only continuing with one party (if there is a big gap between the offers) .

The board director trying to buy THG for less than half its listing price faced a small rebellion at the ecommerce group’s shareholder meeting yesterday.

Iain McDonald, 51, of Belerion Capital, has been a non-executive director of the Manchester-based company since 2010; however, 8.95 per cent of shareholders who voted were against his re-election

Despite Matt Moulding, co-founder and chief executive of what was formerly known as The Hut Group, hitting headlines by saying that being a London-listed business had “sucked from start to finish”, 99 per cent of the shareholders backed his re-election.

Moulding, 50, who set up the business with John Gallemore, 53, in 2004 originally as an online retailer of CDs and DVDs, has a 22 per cent stake in the company but only 14.5 per cent of the voting rights

This week Dominic Murphy, 55, a private equity tycoon who built his fortune at KKR and now works at CVC, said that he would be stepping down from the board after eight years
THG has lost 84 per cent of its market value since listing and yesterday the shares closed down 6¾p, or 5.1 per cent, at 124p, valuing it at £1.7 billion.

McDonald’s Belerion had teamed up with King Street Capital Management, an American firm, to make a takeover approach, but its 170p proposal, which valued THG at £2.1 billion, was rejected.

Have to say, whilst being sceptical about MM when I first invested he now has my full backing. What is clear to see is the a*rse rag press and analysts have had it in for him from the start - he's not a member of the closed circle and they only look after their own. Based on the GQ interview, we know MM has had at least 6 months of thinking about an exit route, imo this has been carefully planned to ensure no leaks and that the company is only taken private on MM's terms. Whatever the final price is, fair play to MM he has made sure his employees will be looked after with the recent share award.

Bought in at 80, sold half of my holding at 150 and bought back over the course of this week. Couldn't have asked for this to play out any better, just waiting for the big RNS to land next week!

At least the ADVFN forum will make for good entertainment if it tanks again - there was talk of digging up people's dead relatives yesterday! It's crazy what a few days of red can do to people.

Topped up again today - over 80% of my portfolio is now THG- broken the golden rule of investing! Looking at other bid situations Countryside First Group etc. are all trading quite close to the rejected bid levels (even though most only involve one disclosed bidder). We have 2 bidders in play, an SP that is detached from both a) floor of rejected Belerion bid and b) THG future prospects and impending announcement of restructure. Couldn't care less about day trading, just waiting for the RNS to land!

Oke - agreed. How Iain Mac is still a director I'll never know. The 170 bid is an insult, it erodes shareholder confidence and I expect he won't be re-elected !

The plot thickens! Timing before the AGM surely suggests big developments behind the scenes. As a few have already said, potential conflict dealt with in advance of CVC bid or involvement in financing one of the disclosed (or soon to be disclosed) bidders. Gearing up for a statement tomorrow - I don't think Allen will tolerate this smoke and mirrors approach much longer.

I'll go increased offer of 220 ps from Belerion/King Street disclosed Thursday evening.

Can see us getting a detailed statement from the board Thursday close - which will act as a script for MM answers at the AGM. Otherwise, there will be some very difficult questions given the current Belerion/Candy statements are lacking in detail to say the least!

That Oliver Shah just comes across like a stalker jealous ex girlfriend - I really don't get what his issue with THG is.

Just upped my holding by another 15%. The longer this goes the more likely we are to get another offer IMO. Provided the board shows good leadership, I do not think the SP will tank if either or both parties walkway if the offers are rejected - we just need full disclosure on the background of the offers inc. the basis of the bidder's valuation. This is the time for Allen to show good governance.

Can you explain why CD&R bought American building supplies firm Cornerstone recently thick Mick?

Read a good article from Scottish Mortgage today "Genuine long-term investing requires not just patience but the ability to endure periods of intense discomfort,” he said. “We have experienced such discomfort often with our holdings.”

Burns highlighted how Tesla was first purchased by Scottish Mortgage in January 2013 and fell 40 per cent that first year, followed by falls of 30 per cent or more on seven occasions." Very relevant to the current situation with THG!

Read a good

Agreed - don't think we will see this go for less than 340. In Cap obviously want the company and the board have been clear the current offer is unacceptable. Looking forward to the SP increasing further this week as there are significant shorts that will be closing.

With the UK plc sell off starting to take hold, I have started to build a stake in SIG, IMO the SP is highly undervalued and ripe for PE takeover. Interesting that CD&R are a major shareholder, I am expecting a bid this year particularly as sterling continues to tank.

Steven Whitehead Investor's Call "But I guess what I can say is as follows, that coming into doing the results, we wanted to make sure as a board that we made our position clear and rejected the various parties and, in some instances, multiple bids ahead of coming on to this...We IPO-ed the business 18 months ago at £5 a share, 15x oversubscribed. And as we sit here today, we've presented numbers that beat expectations that we set at IPO across every division in every metric...I can't tell you to what level these numbers are off. What I can say is what the world has changed out there maybe since 18 months ago. So you got to take that into account" Doesn't sound like a board that is willing to sell on the cheap i.e. £2.50!