Member Info for Holy1

I like Stevie. Reminds me of when Jeff wrote a poem.

Interesting article. ‘Supporting tomorrow’s innovation champions’ - that’s THG language. Come on QIA.

https://www.weforum.org/agenda/2023/04/europe-and-the-drive-for-the-future-of-innovation-a-sovereign-wealth-fund-perspective/

“His Excellency said that Qatar is committed to investing up to GBP 10 billion in key sectors of the UK economy during the period 2022-2027 as part of the strategic investment partnership, adding that the investments reflect QIA's strategic focus on driving innovation and future-focused sectors in the United Kingdom and the world”

https://www.gulf-times.com/article/661795/qatar/qia-ceo-says-qia-committed-to-investing-gbp-10-billion-in-uk-economy/amp

Hello THG

Will Kelso be topping up £3m as well tomorrow?

I think the AGM will be a non event. It was last year, despite the RNS from 9th May 2022 ‘The Board is keen to encourage and maintain engagement with the Company's shareholders and intends to provide an opportunity for shareholders to ask questions in person at the Meeting.’ Reality is they closed it down pretty quick.

They have a get out to NOT answer questions on strategy etc ‘We will consider all questions received on or prior to this time and, if appropriate and relating to the business of the AGM, we will seek to provide a response’

And if they get any low votes, they are likely to brush it off. Similar to RTN AGM results. Despite results of 54% to 74% on multiple resolutions, all resolutions were passed as a majority.

Not going to get my hopes up. LTH.

Maybe they want a JV?

The divisions are now split. Maybe it’s time to announce a partnership on Ingenuity of Nutrition. The partner invests cash for a share of the division. The cash enables THG to do a share buy back, of up to 137m (as per the agm). The share price rerates from the partnership + the share buy back puts c10% of the shares back in ‘long term’ hands. Just a thought.

Cheers for replying Oke. Would hopefully rerate the SP + make the group more investable & stable. Let’s see what the coming weeks bring, fingers crossed.

Oke, if Ingenuity is worth £1B and THG agree a 50% JV + whale. Is the total group share price still a risk, if the 35% can still have such a detrimental influence or is this where premium listing then helps?

I thought a JV on ingenuity with a whale was on the cards.

Not sure why he’s trying to pee off the whole of the LSE though.

I agree - shame we have to wait until September for H1 results though, could be a bumpy ride without some good news.

Unhooked - lots of people. There’s a lot of focus on this being a huge catalyst for change in the SP. Given past record, I doubt it.

I think people are clutching at straws with the golden share, he has too many close backers

Most of the big buyers post IPO are already out, including Blackrock and SoftBank. QIA have averaged down. Long term supports will have low averages from pre IPO.

Most of the big II’s that Matt needs to roll will have averages

Maybe it’s to help his internal negotiation with THG investors; to show them it’s the right time to leave the LSE & to back a deal.

Interesting view, although I thought Sky news were actually working with THG, given they knew the new board member + mentioned another bidder + a high premium.

Good example from June last year; Apollo were up for a three way deal… ‘Reliance Industries has teamed up with the US private equity fund Apollo Global Management to make a £5bn bid for the UK’s Boots chain.
The US group Walgreens, which has controlled the pharmacy and beauty retailer since 2012, is expected to keep a minority stake under the deal.’

Agree & Murphy maybe under 1% now due to dilution.

I wonder if Dominic Murphy still holds, he had 1% last year

It was disclosed last time