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MSG they rejected the preliminary offer and said it significantly undervalued their business...they can't stop people making low offers.

No that would be even better but was for the whole of THG

I don't think any stocks have been a "comfortable hold" in the last 6 months other than utilities?

Weirdly one thing that could hold this back in the short term is it's so undervalued the market doesn't believe MM would sell.

Okehurst google gives a lower market cap...would put £2 as being around £2.45 billion market cap.

Tradegate might be too low volume to be meaningful? Like US afterhours can be

"£1.70 possible offer, I guess they think it's worth £2"

£2 takes market cap to £2.45 billion and they rejected £3.9 billion in 2018 when the company had £736 million revenue a year and £186 million in cash.
They now have £2.2 billion sales and £530 million cash so I doubt they "think it's worth £2".

The ass ST journalist who writes hit pieces on THG wrote this on twitter - "Nick Candy and Matt Moulding... what could go wrong?"

Is there something notorious about Nick Candy or is the ST journalist just being negative as usual?

https://twitter.com/SamChambersDMC/status/1527342981099171841

I'm still a bit scarred from the betaville rumour where we all thought a huge gain and then it actually fell significantly on the monday. THG sp has been cursed for a while, however a rejected offer can't be ignored like betaville could.

It's hard to say...that open ended "Candy Ventures" RNS adds even more upwards pressure, could even push it over 200 eod or am I getting carried away?

I like the fact they said the 170p offer "significantly" undervalues the company.

Great news, would have liked the rejected offer to have been higher than 170p but hopefully in the short term this will take us to being very under-valued instead of crazily under-valued.

Also it says "for the entire issued and to be issued share capital of the Company." What is the "to be issued" is that just for small issues to employees etc?

Wow interesting...seems confusing as to when and why things have an RNS. This says "very early stages" but previously THG reported on rejected bid approaches which all had no RNS which you'd imagine was also "very early stages" so wondering why this one has an RNS, but is good news either way.

Seemed like it moved about 6-7p in one minute in that spike? Shows how fast this thing can move.

Holy cow

It's kind of crazy to still not know how things are going to look considering from the latest update the separation will be complete at the latest by end of next month. They have clearly spent money and time on the separation but could they be considering holding off due to the bad macro environment?

Just some quotes to remind from the results day relevant to the seperation:

https://seekingalpha.com/article/4502838-thg-plc-thghy-ceo-matthew-moulding-on-q4-2021-results-earnings-call-transcript

John Gallemore

"We announced the separation of our businesses. And consequently, there will be changes in the way we present the business moving forward."

"The group has also incurred professional fees associated with the acquisitions completed in the year and restructuring costs out of the separation of our key trading divisions. Ahead of our planned separation, we have considered how the change in shape of the group is reflected in our cash-generating units."

Steven Whitehead -
"And Andrew, briefly pick up on SoftBank. The SoftBank option kicks in once separation is completed. It completes in Q2, but there's nothing to update on that at this point. It would be something for later in the year and no other updates outside of AutoStore"

Matt Rothwell?

"You've got the separation costs. Obviously, the separation gives us huge strategic optionality, and that will be a big win for us in the year ahead as a group."

People pointing out THG down worst today and it's true in terms of last year is still down the most (due to the brutal fall in Oct/Nov that wasn't due to the macro sell off). However in the last 6 months even with todays fall it has held up a lot better than many.

Last 6 months:

THG down 41.77%
Boohoo down 59.63%
Asos down 51.29%
Just Eat down 70.29%
Deliveroo down 71.33%
Joules down 78.17%
Darktrace down 39.29%
Ocado down 61.76%

Obviously these macro falls do put a slight cap on the potential THG re-rate, but the fall before the macro inflation fall was so brutal that I still think we can re-rate well from here despite the macro.

Not quite sure about this list...apparently Kallu is no.9 for ramping, Ford is 20 and Bantham is 28...

Maybe the MSCI UK Index is overwhelming the algos?