RE: Inflation 2.3% June Interest Rate Cut!!?22 May 2024 14:38
I don't disagree Crafty, what I will say however is that MM has been crying wolf for YEARS now.
You would think that he's sitting on top of the world given the history of his LinkedIn posts (the pondscum video, the spat with a hedge fund, the constant moans about the LSE being rubbish), but yet the SP performance is the complete opposite. He constantly throws stones (which is a complete contradiction of his public mantra of "dont throw stones, collect them an build an empire) and people would be forgiven for thinking he's a narcissistic fool. Even this year, he had the nerve to post that Iain Mac would be spending EVEN MORE time with THG (or something to that effect) despite shareholders eventually getting their way and removing him. He's keeps throwing up middle fingers at everyone like a petulant child.
The writing has been on the wall for years now and I suspect that some of the top brass at THG know this too. However, they have literally been neutered when it comes to effecting any change - it's his way or the highway. I'm sure that Allen would have have preferred that MM keep his LinkedIn posts to a minimum (especially where he disparages the LSE) as otherwise, how the hell is supposed to forge better relationships with them? But it appears that he doesnt have the clout (or doesnt want to have the clout) to effect REAL change.
AGM will be interesting, but I suspect that all of the Kelso and other shareholder views will be regarded as "flim-flam" and batted away.