Member Info for MSG4GO

@SP28, even if we had debated previously about THG SP movement and the THG at that point lack of clear strategy (for me at least), it appeared to be that I was wrong as I thought it will dropped back below £1. Thereafter I sold at £1.13 and I was waiting, but I have to say that because of your message "Follow the money" regarding the 1 million purchases last week that were coming through, I re-entered at £1.17 just a day before the RNS and I didn't missed the jump.

Let's see how this is going to play, but thank you for that message.

https://www.ft.com/content/23df56b8-a3bf-44f7-a403-42a3540c77e2

"...However, the online beauty and nutrition retailer’s share price was still almost 30p below the 170p offer from Belerion Capital and King Street Capital Management, revealed after the market closed on Thursday.

Belerion is an investment firm specialising in early-stage ecommerce and technology companies, which also runs a concentrated equity fund. It has no past history of buying large companies.

Its founder and chief investment officer, Iain McDonald, is a non-executive director at THG — formerly The Hut Group — and is thought to be close to Matt Moulding, the online retailer’s founder and chief executive.

King Street is a US investment firm with about $20bn under management. Its co-founder Brian Higgins has a background in distressed debt investing.

THG’s disclosure of the Belerion and King Street approach, which was made without the bidders’ consent, appeared 15 minutes after a statement from Candy Ventures, the investment vehicle of property entrepreneur Nick Candy.

The firm, whose previous holdings have tended to be private entities and smaller companies quoted on London’s junior stock market, said it was in “the very early stages of considering a possible offer” for THG.

Like Belerion, Candy Ventures has no history of buying larger entities, despite having been linked to property developer Capco in 2019 and Chelsea Football Club more recently.

Both Candy and the Belerion/King Street consortium are now subject to a “put up or shut up” deadline under the UK’s Takeover Code and must state by June 16 whether they will proceed with an offer for THG or walk away.

Some observers expressed bemusement at the Candy statement, given that deliberations appeared to be at an early stage. “There’s no way it’s in their interests if they are serious,” said one person who follows THG.
..."

Thanks Hosai, but is it any regulatory law that prevents such low offers?

The SP has been in a fall since last September, which means anyone that invested money up until some weeks ago, they had suffer at least paper losses. Just 5 months ago the SP was £2.35 (I bought because it was an "opportunity")

Let's see what it is going to happen... Good luck to the long term holders that have high avg...

Firstly, great news! at least we are going to get some money at hand to re-invest during this sell off. With that said, sorry to be the party pooper here, but an honest question, is it legal to go public with a £5, get a ridiculous bonus when the SP reached £8 and after less than 2 years to discuss such low offers?

Of course well done to all of you guys that kept your positions, I have to admit I miscalculated it and I reduced from 12000 to just 4000 because I thought the SP would do the familiar yo-yo.

80% down...

...I read the news about Crypto. Personally I don't hold any cryptos because I wanted my investments to have underlying value, for this reason I invested in Boo, Asos and other great (in my opinion) companies to avoid sharp declines... Thanks god that I didn't get into crypto, my great investment thesis and my stock picking excellence protected me and I am only 80% to my original investment in Boo! Phew!

:)

Their site is down for a few days now, but at least this http://www.evrazna.com/ this one is up.

From EZ Investor Relationships
19 May 2022
FY’22 Half Year Results Announcement

@Geodave

Fair enough, I wish I would have entered recently as well. I see also the long term potential. Wishes for success to your investment (we will need it)

Also, someone should probably ask some questions how do they spend money for all of these love island celebrities that they need RR and champagne to get them to the office... Where is the ROI?

Did they need to buy this office in Soho, why they just didn't lease an office? I don't about you, but how is Debenhams performing?

Personally I have a 33000 with avg 1.72 and by thinking that the SP has to triple to break even, I get really annoyed especially with Kamani's lavish life that instead of focusing how to bring results, they are jet setting

@Geodave I don't understand how you can have an avg of 0.77 except if you just enter or if you were holding from 2015 without adding to your position on the way up...

The last year has gone from 4 to 0.67 which means anyone that saw the "value" on this company and invested, he must have significant losses. The value was at £3, £2.8, £2.5, £2.2, £2.... £1, £0.88

I like the forward thinking, but does THG have enough money to expand and upkeep the infrastructure until the demand is there or would need more borrowing?

Unfortunately the last insider transaction was from NJR selling 900k shares in the 20s, which isn't the most inspiring move... Let's see how long it is going to recover..

Does anyone really believe that an oligarch have under his name any properties or money? I would have thought that they have their fortunes under off shore companies and if my assumption is correct, seizing and liquidising a company's property can be legally challenged.

@SP28. I may come across with a bit contradictory because the messages from THG are contradictory and vague.

Is it clear to you if MM wants to take it private, sell it, move it to the main LSE market or delist it from LSE and move it to Nasdaq? Also, any idea if MM will spin off Beauty and Nutrition?

Are you happy with him as CEO of a public company? Every time he (or his mother) speaks the SP collapses (exception last week). Are you happy that he received one of the biggest payouts on the UK corporate history and hasn't purchased any THG shares?

The reality is that I'm still invested here, because I see the value of the beauty and the nutrition business and the potential on ingenuity, but I have lost trust on MM. He listed THG for ~5 billion and it is now ~1. Does this strikes you as a great CEO, do you really trust him to navigate through the economic storm? Maybe, when I break even, I will consider to sell most of my position and move on to greener pastures.

I want as well the SP to rise, desperately... but I am not loosing touch with what is happening out there. What I see is that any non profitable tech company takes a hit... Check for example Deliveroo, Justeat, Trustpilot and others. Check profitable companies with strong balance sheet like ASOS and Boo or even ABF.

And don't tell me that THG is a completely different business, it is different and I get it, but the whole sentiment is against growth stocks. Is this something new? No, when there is inflation pressure, the money goes to value companies.

Saying the obvious doesn't make someone a clown nor a deramper. All of us here probably have written paper losses or actual losses. Show some respect!

Maybe because there were not any offers... I wouldn't be surprised if MM team releasing nonsense uncooked news to Betaville to pump the SP.

I remember also the Linkedin posts for how great they are performing, but when the came with the trading update, there weren't that great after all.

Of course, I see the bigger picture of THG business and for that reason I am invested here, but MM, as I have said before, doesn't strike me as an honest business man...

For me MM has little respect to investors. If he really wanted to sell THG, they had to do what TED Baker did, keep everyone informed via RNS, attract parties to bid and decline any offer that was too low.

@Steveinhull, well you did better than me that I bought! at 230 because I thought the trend was reversing...

"I was there, Gandalf. I was there three thousand years ago. I was there the day the strength of Men failed." And more precisely in mid December when the SP jumped from 1.6 to 2.35 and after a while returned back to its downtrend...