RE: ...21 Jun 2023 08:38
"Writing on LinkedIn, Mr Moulding said: "Just about every major PE firm has enquired about taking THG private. Usually, nobody finds out. But if there’s a leak, then the Takeover Panel forces an announcement. This is what happened with Apollo.
"PE interest isn’t surprising. For the three years before IPO, THG shares traded at £3. Having doubled in size we then listed THG at £5 a share in Sep 20. They rose to £8 in the first-year post IPO but, after the Numis led short attacks when they weren’t made a broker to THG, shares fell to as low as 30p in late 2022.
"The last time THG shares traded at 30p was in 2009, when the group had £80m sales and only sold CDs! Today THG is 28 x bigger."