Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
How on earth could MM face the world with any self respect and integrity if an MBO was offered below 170.
We might not know what Apollo offered but the BOB & II's do.
Furthermore, the Sum of the Parts is still 225+.
An MBO then would still need to be around 225+.
Ingenuity. Even landing a whale for Ingenuity, which could come out of the blue, would do wonders for the SP.
Did you hear him say they had already been offered multiples of Mkt Cap for Nutrition. If the price is right? Even a partnership for nutrition could be worth a couple billion.
I also wouldn't be surprised at a decent offer for Ingenuity.
When MM said Nothing is for sale, he meant we are not putting anything up for sale. So please stop coming to us with 'low ball' offers.
In reality, everything is always for sale. MM wants to make sure any offer is serious and good. Then of course THG would consider.
Good job the business wasn't sold in the past, otherwise we'd have 3-4 times more cash than we have today, and nobody would want that. Would they.
To be fair on MM. It's a bloody tough market out there right now. John Lewis and Aldi just produced negative results. All retail is struggling in this cost and interest rate crisis.
All in all, THG results not too bad. The SP fall is a surprise given the results were what THG said they were going to be. We're we all just expecting it was time a rabbit was pulled out of the hat?
"This time next year Rodney".
Always left feeling the same after any THG results.
That is, the next results will be the one.
Becoming bit of a cult isn't it
So much not said. MBO incoming!!!!
So, where's the magic trick the BOD and II'S turned down Apollo for?
Surely years of this wasn't it.
The results tomorrow must have some significant news. They just must.
He rejected Apollo without a peep from the II's.
He gave up the GS so he couldn't fully control future votes.
He's been chatting to potential investors.
The business has been growing and innovating.
He can't just say "we are in line with expectations". That's the "this time next year Rodney" answer.
He has to show what he had up his sleeve. Why all the BOD and II's stuck with him.
Hi Manifesto,
Unless you're average is around 235 or over, I think you'd be one of a very small group who would wake up Thursday morning to find their shares in THG had gone up 175% and be disappointed about it.
Not Asset Value per share, I meant Sum of the Parts.
I think you will have realised that, but sure someone would feel the need to point it out.
I was thinking about an MBO with investment coming from middle East.
It would cost about £1bn (nice round figure) to buy out the free float at £2.35/share. This is the same ad Asset Value per share. Anything higher would be nice.
I think MM originally said that, maybe, PI'S are after quick buck.
There is nothing Quick about waiting for THG to bounce back.
I am pretty peeved holding a penny share with no dividend, or prospect of a dividend, waiting for a capital uplift.
MM has turned down two offers that would have left us better off. He can't do it a third time. Personally, I don't mind how my investment improves; sell, MBO, improved performance, etc, just so long as it does.
That's pretty much what all investors expect, not just PI's.
@OhhAhh
He hasn't got 18 months. We've had disappointment after disappointment over the last 2 years.
For me giving up the GS was to get the BOD and II'S to have faith.
He has to turn this ship around soon one way or the other and time is not on his side.
Amazing. 12.30 and volume 460,000 with majority buys.
Guess everyone who wants to be in is in. Just waiting for results or other updates.
What's people's expectations at the results in a couple of weeks?
I have two things on my mind.
Firstly, we never heard anything from the property sales and how that affected cash and prospects.
Second, the visit to Dubai and Emiratis coming on board to support a MBO. If this is to happen, it would be due around now. Or maybe MM was simply on hols?
3.5% down today on 0.2% volume. Or put another way, 99.8% weren't interested in buying or selling. The wealth of the many changed by the actions of the, very, few.
Hardly a run on the market as they say.
Having said that, obviously preaching to the converted on this BB