Member Info for Hardwell

Anyone who thinks there will be any bid for the company is puddled.

1. Our CEO and his mates have enough shares to block it. So won't happen without him.

2. No one will work with our CEO on board as they've now got 3 years worth of well documented behaviour which would send anyone running a mile.

But I'll sit back and wait for the inevitable to happen... 😜

With no disrespect to the workers, if these are lower skilled jobs then they will very easily find jobs in other sectors who are crying out for labour. I agree that automation and reducing ongoing headcount / costs is required...or else this share price might get even lower and we might not have a company if we don't modernise...!

Spoken like a true capitalist 😂

Bwana sorry to see you go. Even more so that you're leaving at a loss. Sounds like you made similar decisions to me. I got out higher whilst in the black but (perhaps unwisely) have come back in lower.

I wish you good luck with all your future investments.

I don't have a problem with redundancies. Please don't interpret I'm complaining about them. As ever it's also the manner in which things are done which defines good vs poor leadership.

Oh and read the comments under the article about Warrington residents views...lots of them talking about the loan the Council made to mm / his propco.

I thought the same about Kong.

Lots of companies make redundancies, especially when technology jumps forward. But throwing £200k at Kong whilst doing it is just distasteful. But don't forget...MM is the victim...

Keep on keeping us grounded @Rock8 on the Matt worshipping lot.

I find it really interesting getting everyone's views on here. Even from each end of the ramper / fudster spectrum. 😂😂

Good luck to all whether you're short or long term.

@Monty... 100% agree. Well said.

"Lots of companies do well on LSE like M&S, Next, Tesco etc generally. THG is different to them because CEO’s don’t own their real estate and rent it out to their own entities. Their accounts are 100% transparent and their cash on hand is real (not rolled into equivalent cash which means in used borrowing facilities). They have track records of good governance and answer any question at their share holders meeting, they have truly independent renown trusted BOD members. THG is MM’s private project with little regard and indeed sustain for shareholders,"

I'd be very cautious of believing things like "Let's see what 2024 brings" responses on LinkedIn and even some of the comments on the conference call. It may be true. It may happen this year. But it also may not just like many other things that have been hinted at (and even RNSd to say they're happening) and then don't.

Please consider what your opportunity cost is for you. Returns elsewhere may far exceed what you can claw back here, even if underwater. Even a 100% premium to SP is only about 130p. 200% about 195-200p. 🤷‍♂️ Might never happen.

Hi all, don't be too down. The update was good but the market has had a difficult week. This isn't all down to THG or MM.

Like Josh, consider myself lucky to have sold out in 2 chunks at 87p and 74p. Bought back at 66p today. In a funny way I hope MM is reading this and knows I'm finally making money as FAST CASH. 😂 Because he certainly hasn't made me any in the last 2 years!

To be fair I've come back in this afternoon. I think this is a good price. I'd given up on hoping for a big rerate on this. Whilst waiting years I've missed several opportunities which would have made me as much as a rerate would. Not prepared to do that anymore even if it does mean I miss a bonanza announcement.

@PMH I don't think you're right with what you're looking at with regard to downsides and risk. The guidance was largely met. Cash position undoubtedly increased. The investor call was good and professional. Matt and the team did well.

The video and LinkedIn post just needs ignoring. It's soap opera stuff and he's just making himself look daft. Typical narcissist stuff.

I think there are a lot of positives going forward and I hope a deal will be done this year to realise true value.

The risks as I see them: Whey prices are a massive impact on profitability. Indeed with them going up again its going to make it tough for nutrition but it will also do so for competitors. I think Ingenuity continues to be a risk. We keep talking about GMV but GMV is the biggest red herring you could have. The profitability of the individual contracts is the important bit. £175m sounds a lot, but it's the GMV, not THG margin.

I'm hoping to come back in on this around 60-65p having exited yesterday at 74. I think there is still value to be realised here and hope to be part of that.

I've also sold in 2 tranches at around 74p. I'm sure none of you care... 😂

However, to explain my logic:

- Whey prices have increased and I think this is a missing headwind on Nutrition.

- Given the value of sales in licensing, I clocked the comment about the actual contribution to bottom line in THG and it is negligible. I don't see a lot of growth in this.

- Nutrition is fiercely competitive and I don't like the rebrand. I think to not grow in current market is worrying.

- Beauty has done well and if I could invest in that only, I definitely would.

- Ingenuity isn't bringing in the business I thought it would. H&B is great and should be commended, but GMV is a poor marker of progress in Ingenuity. Need to understand contribution to profitability.

I thought the call was very good. Handled well by the team. I'm pleased for them to see the SP increase.

Wishing you all the best for the future whether you are in or out.

I'm not surprised nutrition bonuses were not achieved. Even a basic "grow revenue" wasn't hit so there is no basis to pay.

Interesting changes to REMCO. Looks to be strengthened from my reading.

They might have £1bn GMV...there's a difference between GMV shifted, revenue and EBITDA in Ingenuity which no one seems to get.

😂😂😂

I agree @OAC.

It's all just "meh".

FCF was met. At least that's something.

Nutrition is a disappointment. Rapidly expanding market. (No wonder they look depressed. 😂)

Hoping the market doesn't punish too much...but let's face it the H&B announcement to me is a damage limitation announcement.

How can you have a growth company that's contracting?

I'm hoping for an RNS good or bad as a TU tomorrow as if it is good, great. If its bad, gets it out the way. Of it doesn't come, market will punish us for the uncertainty. IR financial calendar still not updated. I believe no update is the worst outcome for shareholders really.

I agree. It could be:

Maybe Jan blues.

Maybe they're working on on-boarding a Whale and it's hard work.

Maybe they've been set v high targets for this year.

Maybe THG is cutting costs.

Literally no idea. Might ask one of them 🤔