Member Info for Hardwell

Can you actually imagine if Kong did cost £200k or even £150k and yet THG posts a FCF miss?

It's just unthinkable in terms of governance. I can't quite believe that'd be the case. 🤷‍♂️

One things for sure. I see a lot of THG employees and they've all looked totally depressed in the last 2 weeks. I just don't know why. Yet.

Which with ref to my earlier post...is why it is so disrespectful to long term IPO shareholder....who knows what's going on?

I can live with THG not liking the shorts, having disdain for them, even some fast money shareholders.

What winds me up most @PMH and @Soundman is the absolute disdain of THG for those who came in at IPO. THG and many individuals happily took the money, got rich off it. Could argue never need to work again because of it. Many PIs will have come in at that point with their own hard earned cash.

Yes, you can argue people should "average down" or "they take their risks - it's business".

But the way THG treats those individuals, those small holders who have done absolutely zero wrong - for example the chap who replied to one of MMs LinkedIn posts - is absolutely appalling. It is hypocritical. It is full of disdain. It lacks loyalty, trust and any acknowledgement that are technically joint owners of the business. Now that to me really is the action of what some might call pond scum.

Def not on hols.

@TheSoundMan

I do agree. That is all that's needed.

I'm suspicious of the IR and MM LinkedIn silence. Whilst I've totally run out of patience, I also wonder (hope) that the silence signals something big around the corner. Something that will give us a boost and MM/THG comes through. I know it's unlikely.

@PMH198

I can see something coming in from the sides too. I know we just have to wait and see. Nothing we can do.

I do wonder what the point of Allen and all these new NEDs are? Surely they must have picked up on all this? Aren't they sorting is? Isn't their job governance and assurance? I just don't get it...if I were in the senior management, NED or IR in THG I'd be personally worried about how working here would reflect badly on my CV. I wouldn't touch anyone who worked from here for my organisation or they'd have to have a bloody good story as to how they didn't sort it. My only conclusion is collectively they are powerless to improve. 🤷‍♂️🤷‍♂️

As I say. Just back with the basics that governance isn't there and that's not hard.

No date on calendar for Q4 update is poor. What do IR actually do? That is not a rhetorical question...but what do they physically do at their desks each day because they don't do F all for investors?

Heard same all over again this week. Nutrition down, beauty up (but not to extent some think) and ingenuity same as. Results there or there abouts.

Expect v little detail. It's a Q4 update. It's not FY results.

Not surprised the LinkedIn posts have dried up.

They do a good RNS. Simple, to the point, no obfuscation or adjustments. They did the same last time....

What's the betting there will be a fake bid pop up on Sunday 😂😂

@TheCrowman

He's not here...he's devising his next 3000 word series of posts and then preparing to sit back and watch the inevitable happen.

Tuesdays results and RNS will already be written and ready to go. Those in the know have obviously already acted now. For me, its just how bad it is.

Could kick myself. Sold half my holding at 87p in anticipation of this s*it show. Wish I'd sold the lot. No point in doing so now. Will just ride it out.

@ihavenoclue

I'm not sure it's deramping...more reality given history?

Lots of online retailers doing well but agree sp here is telling us something.

I am SO tempted to sell up and buy back when it's back in the 50s next week, which is what I think is more likely than not to happen.

To be fair we all started bright eyed and bushy tailed and MM has just managed to knock it out of us.

Whichever way you think this is gonna go next week (and respect to all, btw)...you gotta laugh when the best the shareholders know about a businesses prospects is fine detail on a potential and unconfirmed customer website. I mean...quite ridiculous really isn't it...that we've all put a shed load of money into this thing and the thanks we get is to have no idea of any sort of return - good or bad!. 😂😂😂😂

£1bn GMV sounds great. But it's GMV of what they're shifting, it's not a profit or loss figure a d it could generate either. Fingers crossed for a good margin.

THG is leaky no 1 of the leaky ship fleet.

You only have to live in South Manchester or Cheshire to find out pretty easily what's going on.

Don't forget next week will be update only...minimal info. It is not FY results so don't expect much.

I expect nutrition underperformed, beauty overperformed, Ingenuity carries on guzzling money. Overall finances there or thereabouts. Nothing groundbreaking.

The big question for me is who knew on 2nd Jan about Q4...

This is a slide into *rap results.

Mouldy couldn't pull a rabbit out the hat if he tried, THG is (literally) a laughing stock.

Do not give a flying F about shareholders as once we'd been rinsed for our money we turned into an inconvenience.

Reminder...they can't split the business because Ingenuity can't survive by itself. You think anyone is going to take a stake in Nutrition only for Mouldy to say "but all the ebitda for the next 5 years needs to transfer to Ingenuity rather than give you a return" 😂😂😂

There's loads of stuff in their RNSs that are fiction if you think about it.

- RNS confirming proceeding to premium listing in 2022 - now gone quiet.

- RNS documentation confirming strategic review would be published. Never arrived.

- RNS stating GS was going and was held onto to the bitter end.

There might ve rules for RNS...but are there rules to say what companies put in them must be delivered? No.

"there have been no institutional sellers of note"

You could argue they are in a value trap, paralysed - consolidate losses or hang on in there?

They have no influence and due to MMs apostle shareholder mates, he cannot be outvoted. If he is, he owns all the premises and has it all stitched up tighter than a football.

All that THG needs is the next dummy investor to come along throw a load more money in for them to spend on over-valued companies and we can have another few years fun of value destruction, write downs and a low sp.

Just an alternate, cynical view...

Beauty done well Q4

Nutrition below expectations.

Ingenuity sapping cash from the above as usual.

Growth low and as per previous updated guidance expect a small contraction overall.

FCF just about where predicted to be.

Kong is sat crying in the corner.

All obviously IMHO...