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Why is it crazy if people sell - at the end of the day, its potentially 5 working days for a deal to be agreed and we haven't heard anything about bids or prices in 3 weeks. A negative article fed into people's jitters but its not stupid to sell given that the share price won't naturally rise with MM at the helm and the only way people will make a return is if and only if a takeover happens.
It's not a well run ship and makes sense for people to profit take and take advantages of the drops, accumulate and resell.
This share is absolutely unpredictable and based on previous bids, has the ability to burn people because they are too greedy.
The truth of the matter is no one knows where this is heading. Technical analysis means f all when it is being manipulated and still no indication a deal will be done. People who claim to the contrary are lying or have their own agenda.
No way that it can be a 20% fall based on 1 article - idiots who say they are topping up are just as clueless.
Looks like MM dropped the ball (or weight) on his foot.
Obviously the Sky article was extremely positive but the Bloomberg is casting doubt on a bid which will make people (incl. me) v nervous.
There's been no news from either camp and I can't see a bid at 2+ being worth Apollo's while. They are there to make money and they will want to replace management.
ex Coty CEO for THG Beauty + ex Holland & Barret CEO for Nutrition and Vivek may keep his job in Ingenuity.
Either way - MM probably doesn't like the price or is being too protective of internal hires in prominent positions.
It's now gone into auction!
Those who say 'who on earth would sell right now'.
- The deal is far from done. Apollo may be a serious bidder but Matt isn't easy to work with and can easily rub them the wrong way.
- If other investors do not roll not accept the deal due to realisation of substantial losses then there is a big chance of NO deal.
Many people would have snatched £1.15-£1.20 when we in the 30s - 60s.
Be smart and de-risk if you need to! Weigh up the deal not going through (and SP tanking) vs share price rocketing on a deal going through.
I sold half at 96p to de-risk and holding remaining 10k shares - not massive in the context of other investors on here but I have de-risked massively and happy to make a smaller profit to negate any potential loss.
Greed isn't always good.
big news!
Should add that Mark Evans was ex Balderton and a director at THG - https://find-and-update.company-information.service.gov.uk/officers/9w8XEu4SY55JlOeBg22QeJHgPpE/appointments
Balderton - https://www.balderton.com/team/tim-bunting/
Clayton Dubilier & Rice - Sir Terry
Kindred Capital: Mark Evans (ex Balderton) https://kindredcapital.vc/?t=team&bio=mark-evans
Further reduction today! Would not be surprised if they have now unwound their total position but they are now sub 0.5% so we won't know!
regardless whether its behind a paywall, no one has posted a link to it?
Where is a link to the FT valuation at £3.7bn? Haven't seen anyone post a link and seems odd that FT have changed their negative tune
Goldenyears is the only rationale person who talks sense on this board. Balanced, honest and not emotionally invested praying on hope value like many on here!
No it's not unwarranted and you have too much faith in MM's games. You really should have learnt by now that until something is there in black and white he can't be trusted.
A few examples:
- last years bids
- fantasy predictions on revenue growth and EBITDA which led to guidance being missed and then updated guidance being missed
- £1bn of GMV which we are yet to see
- A proposal that is yet to materialise (utilising the same tactic as last year to flush out the shorters).
- No clear idea on strategy/ poor decision making from Management (as signified by the massive losses)
- Golden shares becoming a golden carrot - never had any intention to improve corporate governance by removing this
- Premium listing - again delay delay delay.
So yes, you guys keep getting fooled by MM.
Don't be greedy and cash out while you can. The only way this will make money is via a PE buyout - don't think that this will magically become cash flow positive with MM in control. I seriously doubt a PE offer will come whilst the GS is in play.
This really is last chance saloon for MM.
He knows he's out by September regardless as people are fed up with him fudging the figures constantly. He may be a nice guy but he isn't fit to run the business as he is too eccentric. A new management team is the only way to achieve anywhere close to the previous share price.
The market are all to aware of MMs ploys and calling his bluff. Would not be suprised if the shorts have doubled down.
If the rumours were tangible we wouldn't have the opportunity to get in so 'cheap' if the offer was going to be way beyond that.
Until anyone sees anything tangible from THG, this will go back down to low 70s by eod.
Back in auction at 78p!
Falling pretty quickly.
No one trusts Matt. We've been here before this time last year. PE coming in would probably be the best thing so they can replace management.
All tactical from MM. I don't think you can really trust anything he says.
The forward looking statements are just waffle. He hasn't proved it's achievable at all. The bid news was 100% timed (must ask ourselves why nothing from Apollo). The loss will be highlighted as will the low margins.
I'm happy I sold out half as can't see this going higher than yesterday.
Everyone is sick and tired of fake news from MMs mouth.
Golden share will now expire in Sept... Only because he has no choice.
9am call will be interesting. Will just be MM saying, my advisors told me not to say anything + a smirk.
I sold out half today at 95p. Allows me to cash out on profit and continue to share in any potential upside.
I'd much prefer the regret of 'I wish I held on to the shares longer and made a bit more money' than 'I wish is sold shares above my break even and now they are back in a loss position!'
It's been a long year of averaging down and being patient but this was what we were all waiting for.
Good luck all and don't get too greedy! We all know just how fast this can equally fall!
https://twitter.com/TheCitySpy/status/1647906552995540993
'Remember 170 "significantly undervalued" #THG I would imagine an interested party would be aware of this and wouldn't bother an approach at or below this price. ??'
Tbh - Mark Kleinmann is a far more reliable source - he's one to watch!
The article was from 2022 - what I am saying is, Apollo has been interested for a long time so I think this is going to be a very real and tangible bid.
https://www.sharecast.com/news/news-and-announcements/thg-surges-as-pe-firms-advent-leonard-green-and-apollo-said-to-be-circling--9159960.html
Apollo have been interested for a long time and are apparently a debt holder.
They should therefore know the business well. Looks like an inside job.