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Grezzz, I agree that they have an image problem, hence the new chair and governance strategy. My gut feeling is they are following the plan but it’s only a matter of time before it’s taken out, and it will be sooner rather than later. If this doesn’t happen and if they hit the numbers they forecast this will go up anyway. I just see so much upside from here and not too much downside, only bad numbers will tank the sp. But what do I know!!
Also hope with large holders, press stories become positive not negative like has been happening. Using the same tactics to push the price up rather than down. Well, let’s hope anyway!
And a lot of staff have shareholdings, he states in an interview that helps with culture - everyone gets a buzz from company performance. Even staff who won recent company awards received large amount of shares. I can’t see him shafting them.
Hi Rock, I have watched it. I’m in as heavy as I feel comfortable with, probably too much after averaging down to 125p. I’m sure all will become apparent in good time, hopefully everyone makes a good profit short or long term.
I take this passage as different times 18 months ago mean bloated valuations, maybe I am misinterpreting it and he means it should be more?
“ We IPO-ed the business 18 months ago at £5 a share, 15x oversubscribed. And as we sit here today, we’ve presented numbers that beat expectations that we set at IPO across every division in every metric. So it is going to be — it shouldn’t be a surprise to anybody that — where we are at those kind of things, and it’s certainly not to the Board that these situations arise.
I can’t tell you to what level these numbers are off. What I can say is what the world has changed out there maybe since 18 months ago. So you got to take that into account. And all I’m particularly focused in the IPO is the best for THG and our stakeholders. And so what we will look at is what environment is the best environment and share register to get the very best for THG.”
Good points comparing THG with other co.s and the fact this is different. Clearly they want ingenuity, Amazon’s $1bn fund tells you large players see massive growth in online technology for fulfilment and direct to consumer, that’s why I think someone will pay the price. Having beauty and nutrition as a bolt on is a bonus.
As I posted earlier he made reference to the 500p IPO price, but said those were different times then. I don’t think he wants as much as 500p, as close as possible obviously. Maybe a deal then with the larger stake holders in the new structure if they want a piece of the pie. Clearly large players see the potential we all do!