Member Info for Hosai

Bristol I was pointing he won't want his low level employees who own shares and are still holding to lose too much money by a bad deal as that obviously would be awkward and more to the point the "better the deal" he got buying low the harder to list in future in the US etc because there would be a stigma from how management have treated shareholders in the past.

Bristol it can't be lower than that until May though, the takeover rule makes that clear. Softbank would be involved they haven't suddenly gone cold. Unless they did some other kind of deal as I said giving softbank an option so as to not be involved in the private deal and sell their shares at a discount to the 596p they bought at.

As I said before though I think MM would be thinking long term about the ease of re-listing on say US exchange if it appears he has not looked out for shareholders in the past...in that respect I can't see it below £4. He also has employees who own shares and they sometimes award shares to as rewards from time to time.

In the short term up until May there can't be a buy out unless they pay 596p for the shares from those not part of a private deal as realistically softbank would be involved making the t/o rules relavent. Unless they did something like buy it out for £3 with softbank not involved but give softbank a deal to buy say 40% of ingenuity for a cheap price? Not sure if that kind of thing is allowed I would imagine so.

There has been another THG betaville update but doesn't look like a juicy one just mentions the MM instagram post in the part that unsubscribers can read. Either way, he seems to be following THG quite closely atm.

https://www.betaville.co.uk/betaville-intelligence/uncooked-alert-thg-said-to-part-7/

I agree Cantona, also in terms of the small share-holders I would imagine many of the employees hold shares as part of work schemes whom he would also be shafting.
Also if they planned to re-list in US in a few years there would be a stigma and distrust about the company if they had a history of management looking out for themselves instead of shareholders, MM would obviously want to avoid this.

Before May price would have to be £5.96 as realistically softbank will be involved or they would reject a low offer...after that could be lower but do they not need 90% of share holders to approve?

I emailed investor relations just for the hell of it last Fri just before PE rumours came about asking if they'd consider a small share buyback at these levels, this was their (understandably) general reply yesterday:

Thank you for your email and interest in THG as a valued shareholder.
The Board continues to review its capital allocation options as it has done so since listing; we are next scheduled to update the market with our Full Year results in April.
Regards,
THG PLC, Investor Relations

Darktrace doesn't even move yet THG drops 5% on the inflation report?

Some day over the rainbow...inflation, will be priced innn.

Birch, softbank value ingenuity at £4.5 billion (likely higher as this is just what their option implied it was valued at but people use options to get lower price than fair value), RBC value it as £4.4 billion and Fitch said of it: "THG's in-house Ingenuity platform and owned infrastructure represent a high barrier to new entrants, only matched, if only partly, by Amazon.com, Inc."
Yet it is currently valued at £0, you don't think that is undervalued?

Oops the questions marks were emojis

Lol another guy wrote "Well done Matthew. Added another 10k shares today. Let's burn those shorts!??" and Matt liked that too.

They also have jobs in London though.
"At Voleon, we approach investment management through the prism of machine learning, in which flexible statistical models are applied to the problem of financial prediction. Rather than having humans look at individual events within the marketplace, machine learning employs statistical algorithms capable of detecting persistent effects across large swaths of data. Besides financial markets, there is a wide array of other real-life applications for machine learning, from medical diagnosis to weather prediction."

https://twitter.com/largebrownbear/status/1491474809699672064/photo/1

Yeah Pencil, though you do the get the sense MM is very much attached to THG and its future...there's just no way it would ever be "bought out" with him no longer involved at the moment. So would have to be some other type of deal happening if there is.

Matt M just posted this THG promotional type vid on his instagram:
https://www.instagram.com/p/CZw9-rkDq0q/

"even if they paid a very significant premium to the current price to take it private, as a future listing in the US, at the right time, would likely attract much higher multiples."

Wonder what they had in mind as the very significant premium.

5 times revenues isn't that uncommon, Charlotte Tilbery sold her loss-making beauty business at that...I'm not thinking THG beauty would get that, but 2-3 times revenues hardly seems too much.

"overpriced IPO", if the IPO was overpriced it should have fell at the IPO like deliveroo did, not stay above the IPO price for a year.