Member Info for Hardwell

I'll be out soon. I need the cash for other reasons...if I didn't I'd probably stick around for results and see how it goes but I'm not the LTH I once was.

Crossed my average...I'm in the +ive again. To Ingenuity and beyond! 💪💪💪

🤦‍♂️I'm "capable" of going to the moon, doesn't mean I will do.

Please stop confusing GMV figures with revenue and profit. THG has promised all these Ingenuity Whales for years now and they never materialise so saying "someone has said something" about £1.2bn or £4.4bn is meaning less. I almost want to shout "show me the money" at you, as it never actually comes through.

"It is not c£700m it is £520m Internal Ingenuity Revenue for FY2023"

...and you think that's good? I think that's terrible for Ingenuity! That means the external revenue of the "world class giant" is £180m.

GMV myth has been bust dozens of times - GMV is meaningless, Matt just quotes it as it sounds good to quote big numbers. It's the revenue and profit that matter.

Exactly @schlemiel - even THGs own RNS refers to it as "undrawn facilities". It is indeed agreed and available liquidity to be drawn upon if needed. To imply there is £600m cash sat there is wrong.

I agree the FCF will be a big positive but let's not pretend the £600m is cash. It's available credit. There's a difference.

Don't know but this is a pleasant surprise.

I think by now he'd be brazen enough to do whatever he wants 😂 BUT...just wait to the AGM votes.

Err...Tamepu55y gone long?

Hmm, can you keep me out of it? Apparently I'm now GTC, Ste2k some Toast person and something else.

Haven't even been watching all day as been at work.

Vivek is still around and obviously still in touch with lots of THG staff 👀👀. I also don't believe his departure was anything other than personal choice.

THG wouldn't even be capable of writing such a clear and coherent RNS. Different league.

It's a really worrying sign when someone can't take constructive queries or feedback.

There were nearly 50 comments last night. This morning 44. He's deleted anything remotely critical. 😂😂😂 The funny thing is...People know what he's doing and can see it...so makes him look even more stupid.

@404x

It's funny, I'm really not surprised. THG is built on nepotism and echo chambers. The LinkedIn post says it all about jobs for the mates and not experience / best person for the job.

Matt obviously can't stand criticism and LinkedIn posts on the same day as that RNS with what he's said clearly shows his mindset.

The best chance for PIs here is that the IIs club together and force change.

Nutrition isn't doing well this quarter.

185 redundancies in Ingenuity is small and panicked part of a bail out of a sinking Division.

Do I think our CEO would tank the share price on purpose if he thought he could buy the company back cheap? Yep, I do. Do I think he can now get any financial backing given he's lost EVERY major investor over the last 10 years money...nope. Just look atnrhe market cap...its a fraction of the many multiple billions of pounds IIs have sunk into the company. Why is anyone else going to back him? He came back from his much feted middle east trip last year empty handed.

If anyone thought he had a plan...the actions today very clearly show he hasn't. If he were about to do a massive deal, they'd have just let him keep Maccy D.

I could go on but I'll bore off...

Totally agree this is a u-turn on Jan RNS. Someone has obviously kicked off and got their way...who?

LinkedIn says it all. It also says how much pressure he must be under. He will fight to the death and I absolutely guarantee you he would rather see the whole thing crash and burn than let it go...he'll then write a book and try and get some muscled clad celebrity to plan him in a Wolf of Wall Street style film... 😂😂

I agree re: Glassdoor. Loads of companies get bad reviews but THG has 2,400+ on here. The general disenchantment can be ignored as sour grapes but there are some really insightful snippets amongst the posts around client attainment and retention, strategy, size of client, inexperienced and junior management and graduate employment and turnover. It's nothing that hasn't been mentioned here before though.

If you want some amusement...have a look at THGs Glassdoor profile...quite the insight into how it's run... and not just one or two comments...hundreds...

@dpws - arrested? Most likely sectioned.