Member Info for licker

I wish he would move aside for this exact reason. He has a massive conflict now that must be black and white illegal

How can he possibly fulfil his judiciary duty to us when it's not in his interest to do so te the ingenuity deal for THG shareholders. Surely this is outright illegal

This is where a chairman must step in to assure shareholders or remove moulding

Nobody should be allowed to steal this for other investors give how undervalued it is. The board MUST recognise their own failings and deliver for the investors they currently have including their own staff

Agree on every valuation measure from an asset strip forced sale, revenue muliplier, ebit multiplier, dcf it's an order of multiples below peers for no reason other than a crapy board. The businesses are in a good place but need to crank upmthe margin and get fcf to 150/200. We're us hell is the plan abd guidance on this. Absolute disgrace this is missing from the board abd chair

Ots one of the craziest I've seen

It's a shocker that the board can't seem to create value from this position none of them deserve the right to be there and snorting cash while staff schemes, charities, IIs, PIs all have to put up with this

Let's all boycott sports direct. All 10 of us come on let's do this!

Sorry fat fingers small fone....

Doubt it.

Price suppression really means people are selling at this price amd they can meet demand If obody sells price has to go up.to meet dwmand. Market makers only set a market price to match demand amd supply. They cant force and aellers.

It's not a game its purely setting a price to match

Fact is there are enough sellers even down here

Doubt it.

Price suppression really means people are selling at this price abd they can meet denand If obody sells orice has to go.up.to meet dwjabd. Markets makers only set a market by settingbprice ti.match deand abd auplly. They cabr dropmrhe orice abd firce aellers.

I don't think.thats the case either the losses were heavily brand related on impairments of goodwill on the brand acquisition such as the 500m write down at end of 2003. That's all beauty/nutrition related nothing to do with ingenuity.

Can someone also help on VAT. If its sports related is it exempt or zero rated potentially. If its zero that's great news foing fwds as its 20% to nutrition bottom line or 120m if they maintain price points. If its exempt they can't recommend on whey input That's massive. I must have this wrong or have I?

Some big big value issues here need guidance on them

But ingenuity could only nick their 16% or whatever the tock share split value split was.

The 1bn trading loss is mostly impairments which are tax deductable so remainco losses cfwd must be over 800m for tax purposes which should mean no tax bills for l0 years+ at current profitability

Am I correct in this? If so that's a huge value factor of at least 100m more like 200m on the DCF

Then there is the potential 30m vat reclaim but it's future value also as if it's not payable then the price points won't change so that's all straight to bottom line also. Is it's rating potentially tax exempt or zero rated so they can still claim back input vat or not if exempt.

If they get the turnaround in nurltrition plus whetly dropping, beauty growth and less debt to finance at long last with the stock demand drivers this is looking bloody good!!!

Come on moulding and sanders please please don't mess up again and learn your lesson from your peers on how to present the market good so it can be valued with conifence i

Its 1bn on blamce sheet so will be years of profits before payback

Did they stay with remainco. Those alone worth 100 to 200m on DCF value

Look.at mouldings comments at trading update about caoacity increase in pipeline. Ukraine also massive whet exporter and war will be over soon

Strategic view its going to drop

The remaining business is a very simple 2 sector e-tailer mark up less overhead and some investment

If the board can't make an easy job of this which a part qualified junior accountant could do then it's beyond incompetence

There are manynpeer examples of what good looks like

Does anyone know the tax losses were split....that's a huge benefit for years

Investing id say the real issue nmis more no reason for the big drop rather than the recovery from it

Fara to saunders also, moulding wife charirites,Ashley, IIs staff

....forget us everyone very close to.him.sat on big fat losses.

As if they would get it go cheap

He just needs to rip.out 100m overhead get fcf abd ebit to 200m. This will then so a big rerate. Plus it's all.ta free

This could be sorted organically he just needs to crack on

Stevescott

How can thg gift shares to a 3rd party company staff. It can't

Please explain that rather silly comment

If a whale is selling and one accumulating at that level why isnt it just off the book? Deal done

Staff still.got nothing apart from some shares not worth much

Moulding has lost his grip on reality. Hiw can get perilously say the molarkeylt is not giving the value if deserves.

The market is ating with doesn't trust the leadership. The company is worth far more but the leadership is the problem. Taking it private does not adress thlhat.

Please for the sake of your family, investors, charities and staff go. Red the room!!! Step aside and take the test of the useless bloated greedy leaders with you. The market doesn't want you that's the answer

I can't fathom why a bid hasn't come in yet given the value gap to peer us anything from 120p to 500p a share

Looking at his linkedin CV i cannot fathom why he is even in a CEO role

Everything appears lightweight from his university his degree topic, his post grad, professional.quailifications, his breadth of experience and his dire delivery at THG

He simply is not in my view even close to CEO material never was and seems years of it

This is now in the open with his big failure to deliver results

Is there now a very strong governance case to market test the value of ingenuity to THG. The deals were struck under the same group shareholding so the internal transfer price was not a big issue

Now it's independant shouldn't it be market tested for fair value of deal under a different arms length structure

This would show show objectivity and indepndance. If I were a NED I would insist on this to ensure THG shareholders were not subsidising shareholders

Again a major reason MM must step aside as he can't act independantly for THG shareholders aside from his own much stronger interests in Ingenuity!

This question should be put to.the chair and he could show he is doing the job properly