RE: Rumours of Takeover intensify (52p offer)12 Jun 2025 05:55
A lot of nonsense, MM would find himself in court for turning down a 170p bid then accepting a 52p bid.
The only way to get THG cheaply would be for say big Mike, Kelso and others to do a consortium stake build up, force a vote of due diligence, show a lot of the assets etc are not worth what’s in the books (which I’m sure is true, hence MM refusing to engage and open his books on every bid). Legal action regarding breaches of rules of interest and not acting in shareholders best interest to force him off is the only practical way once there are enough voting rights to make something like that happen. The problem I think is MM owns most of the buildings he and rents back to THG plus Ingenuity is the selling and distribution portal, I feel in the absence of inside information MM has THG by its gonads. I hope there is some way to break this cycle without him gaining benefit. But Hope belongs in churches as they say.