Member Info for Hardwell

1. If THG thinks LSE is the root of problems, try listing on the US markets and getting absolutely pulverised by the analysts.

2. Please stop talking about MBO. Can't raise the capital. Ain't gonna happen.

3. No one is gonna buy a 49% minority stake in any Division. No self respecting PE house will.do so given THG is proven to on have ever lost money for investors.

4. No one is going to bid for the company. The controlling stakeholders have ensured this can't happen. Apollo and the likes would laugh at this now. AS IF! They would not waste their time.

5. Beauty and Nutrition can't be split in any meaningful way. They fund Ingenuity which sucks the FCF outta the group like a vampire from a victim.

6. IIs are powerless. Don't kid yourselves. They're in a value trap. Can't sell and consolidate. Can't support a buyout or hostile.

7. THG throws employees meaningless shares. The adoring fans are young, influencable, they thunk owning a few shares is megabucks, they're gonna be rich. It engenders an adoring fan base for the narcissist.

8. The property ownership is the golden key and second line of defence. No breaching it...even if the takeover walls fall.

9. It's a growth company who's growth has stalled. It's not competitive and Ingenuity is a noose that is now unshakable.

etc.

etc.

I'm sort of embarrassed to say I'm still well above water overall but only coz I sold everything at 87 and 74 before buying back in at 66.

I reluctantly agree this will head into the 50s. There's no real support and there I'd no reason for there to be.

They've had their payday at PI and II expense. They don't care 🤷‍♂️

There's always an excuse. "It's the city, its the shorters, its the economic cycle, listed in wrong country...I'm David Beckham don't you know!!!"

I think someone in City AM perhaps wrote this as a spoof about our CEO. They're taking the pi** from within now and he can't even see it.

The replies like this are just full of sh*t and have been for 18 months. Just like the first ridiculous self indulgent pond scum video he posted 9 months ago. Nothing happens. Makes MM and THG a laughing stock (pardon the pun).

There is ALWAYS price action on this share to indicate something going on - both up and down - well before the masses know.

Myprotein cheese has arrived on the shelves in Iceland (grated, block and sliced). Good progress, but the packaging looks cheap and naff - it looks like Asda economy range. Its a shame as the rest of the stuff is quite nicely packaged.

Well, I didn't expect it to get this low. 😫

There must be a floor, but appreciate this is now totally unattractive to the City.

I'm comforted by the fact that Sue Farr and Gallemore are very underwater on their recent purchases. 😆 I'm sure they don't like throwing their own money away.

To the earlier poster - IR stopped responding to anyone at all around six months ago...

I think the mistake is believing MM gives a **it about the share price or returning shareholder value.

I wouldn't be surprised if Kelso had sold up. I don't think they have, but it really wouldn't surprise me.

To find the positives, the market has had a difficult day and I suspect a difficult week is ahead.

Given the BOD has unitary type responsibility, I'll just be voting against all of their reappointments this year. MM maybe the CEO but the others don't hold him and the executive to account, so what's the point in them being there?

Not really sure I agree on JD. Yes they're expensive - totally agree - but they've also got deals with Nike etc which gives them exclusives which Frasers and Sports Direct just don't have. The latter two are like jumble sales of sports in comparison to JD. They also have a great app which is incredibly easy to use and spend money through.

The tie up I'd have loved to have seen (but don't think it will ever happen now) would have been MyProtein kiosks / concessions in all JD stores. 🚀🚀

I'd never heard of Applied Nutrition before yesterday. As I said their branding and product range is nowhere near MyProteins league. It'll be an IPO and then the price will sink or it'll be shorted down...

However, does provide some insight into THG being undervalued.

The question for me is why, compared to THG Nutrition, they seem to be able to pull a higher margin on lower volume of sales.

Agree...1/3 of a billion if that's the IPO price....from basically nothing now...

Yep...its absolutely insane. Although from looking at their numbers their ebitda % / margin appears much higher than THG Nutrition.

Let's not talk about it too much..Next we know Matt will have bought the thing.

JD own a third of Applied Nutrition.

I own a lot of JD shares at an average close to current sp. However, I think MyProtein is a MUCH stronger brand and has a wider range than Applied Nutrition. If AN is valued at £1bn then the value gap for THG is absolutely massive.

I agree about Superdry and Boohoo but don't write off JD. Mountain of cash, still generating it and trainers to kids are like beauty to women...essentials.

Every time MM has posted on LinkedIn in the last 18 months there have been posts on here saying "something must be about to happen". It isn't. Don't wet yourselves.

The numbers calling out MM on LinkedIn are increasing. But let's not forget his response to that...that he thinks he is Robbie Williams or David Beckham 😂

The problem when you live in a bubble surrounded by young adoring (or bought off with cheap shares) Yes Men, is that you exist in an echo chamber of positivity and start to believe the rhetoric. You then don't do the things that matter - governance, profitability, share value protection / defense.

THG, the soap opera with MM as the lead character 😂

@GTC...we agree for once. Zero facts. Just maybes. Good job no one invests on maybes and hypotheticals...oh.