Member Info for Novice82

@YIAB if those "conversations in the background" have actually been occurring, they've been going on for an awful long time now. The teas and coffees have long gone cold....

Crafty was insistent that something had to give at/before the AGM as otherwise MM risked losing the support of the 65%. I previously said (amongst many other posters) that the AGM would be a formality and nothing notable would happen.

Truth is, the update was underwhelming (not it saying it was bad though). Yeah, I know there is the tie-up with Frasers, but it's missing key details. Like, for example, how much we sold Lux for, or what we expect for the tie-up to bring in (cash or sales wise) etc.

I also said that there would be NO pressure on MM or the rest if something didn't happen by the AGM. Looks like it is (unfortunately) true.

So, I'm not going to call Crafty a liar if he says that attended the AGM, MM was pleasant, the BOD were positive about their strategy etc. But on the same token, they clearly weren't asked any difficult questions and I wouldn't expect them to behave otherwise.

There is opportunity here...but....the timeframes are getting more and more opaque. There needs to be a game changer and that could take a while. GLA

Pearls are you the Anti-Ste?

I vividly remember how (not too long ago) Ste would start banging on about how the "Yanks hate this dog" and it would fall like a lead balloon once the US market opens.

I'll be a bit more measured....nothing crazy will happen once the US opens.

Ha, the way the SP behaves you'd be forgiven for thinking that Magnum!

Costs maybe Pearls?

I wonder if KLSO will do a LinkedIn post pontificating about the results of the AGM. Let's face it, they didn't come across particularly well in the last one where they were crying about being compared to Matt's dogs.

I thought the same, very odd, I wonder what the issue with Gillian is?

But still, it's clear that CA had a small but noticeable percentage voting against.

Looks like Kelso, Cookson and OVMK were pretty much swatted away again.

I guess that the point that I'm doing a bad job of making is that he doesn't generally seem to care about the depressed share price. It's either "we've smashed results (using hyper-adjusted ebitda) or I'm not listening to any advice or 'the 65% are happy so we don't care about 35% fast cash"

Ok - Thanks for clarifying.

1pencil - maybe they still believe in the THG strategy, but are now of the view that it could take a long time to materialise. Hence the reason they sold down (according to bloomberg) their position heavily but retained 0.3%. Maybe they believe that they can make money on other companies in a shorter timeframe? Either way, it's not a good look to sell off 80% of a position you've held for ages and then starting b!tching about how the company is run.

And on that note, we finished below 62 today. Have a good weekend everyone.

In official trading analyst calls/meetings I mean. We all know he likes to shoot his mouth off on LinkedIn

It was probably years ago Cong, around that period he was doing all the interviews with GQ etc about how listing on LSE was a big mistake.

I could be wrong, but I can't recall him mentioning anything about a depressed share price in the last 2 years.

Well that's the hope LL. Thing is, anytime the share price has been smashed (which is more often that not) they don't seem to reference it in any of their calls. It's almost as if they have their fingers in the ears saying "Na-na-na-na-na-na" to block out the noise, so that they can carry on with the party line of "let keep our head down and focus on trading our way out of trouble by increasing (massively adjusted) EBITDA"

Agree - it is MM who will have to make the first move, as no-one else cares.

@Investing101 - I agree, the AGM will just be a formality.

I'm sure CA (if he turns up) will disregard KLSO and Ophorst as flim-flam as well as any votes that go against him.

KLSO won't bother turning up to ask any questions.

We will be told how the company is in a strong position with the worst behind us. Jam tomorrow.

Lots of back slapping and self-congratulatory comments.

A LinkedIn post from MM throwing shade at the city, LSE and shorts.

And the share price will dive again

Sorry just noticed a typo - MMs shareholding should read 14.94% not 4.94%! I'm sure you guys realised that already, but just in case anyone else starts questioning the accuracy of the bloomberg data, it's my fat finger, not theirs!

@TheHermit and within 5 minutes of trades it goes negative again haha.

Ah THG......

Here you go.

MM - 4.94% - 198.76m

FIC Shareco - 12.06% - 160.49m

Sofina - 8.69% - 115.61m

THG Employee Benefit - 7.4% - 98.45m

Balderton Capital - 7.29% - 96.98m

QIA - 7.15% - 95.12m

Jupiter FM - 4.66% - 62.03m

HL - 3.17% - 42.12m

Brian Kennedy - 2.80% - 37.25m

TIAA - CREF - 2.56% - 34.04m

Vanguard - 2.54% - 33.75m

T Rowe Price - 2.23% - 29.72m

Equinity Shareview - 2.07% - 27.60m

No worries DG. If you want a list of the top holders, let me know and I'll post them here later on.

@Cong - exactly. It looks bad on them to be honest. And I've never been shy about my thoughts on KLSO.....