Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Agreed, looks like a good appointment. Think its just a precursor to separate listing or partnership as would require its own Board…and Tarzan cannot sit across everything and Vivek needs test and challenge from someone with deep tech sector expertise.
What will be interesting if there are similar appmts for nutrition and/or beauty
Puzzled why they did not both including a one liner in trading update given appointed 2 Jan (and they did include Vivek’s appmt previously like that). Crane has made serious money too so will be interesting if he buys shares but given no PDMR of thg plc then will only if he breaches threshold as suspect he will not buy that many
@CraftyInvestor, Tarzan has been dropping more breadcrumbs than pigeon droppings in Trafalgar Square over the past 2.5 yrs.....he needs to drop a RNS the size of his new mate Kong...and ideally by April alongside FY23 announcement
It wouldn’t surprise me if City Spy and Tarzan were the same person…came on the scene when Tarzan and Big Mac started playing delusional bid games
Agreed Betaville having a good run, but nothing on website yet for non subscribers as typically a 3-4 day lag
Agreed, like THG, CitySpy had a good start but dismal outcome of forecasts thereafter…lol
Potentially an interesting deal given 70% controlled by family and PE interest. Could be another reference point on valuations and M&A appetite (with or without PE control). Has some parallels to THG story
https://www.businessoffashion.com/news/beauty/billionaire-geiger-shakes-up-loccitane-as-blackstone-eyes-firm/
Rock8, not necessarily, as just reduces the patience of his long term holder friends..:remember QIA average is c175p…Sofina most likely over £2…Balderton not sure but must be 150p plus..:then friends blended will likely to less given some disposals and/or low entry….he will only be allowed so F’s for his homework
Also, whilst he (and others) have done a great job developing hungry talent in taking on so many grads, I think when partnerships look at business divisions or potential investors for individual listings, the depth of management capability sets will not be there…on the one hand he exerts control and bravado of looking at info on the hour every hour, but at the same time many an operational mis-step has been highlighted given the macro/ external shocks over past 2 yrs..its ok demanding total control if you have a robust mgmt team and operating model…but if you are experiencing growing pains there comes a time you have to hand over the reins to somebody with a deeper capability set, rather than saying give us your money and operational support but sit in the corner in my pub! Thats why i think over past 2.5yrs he has made limited progress in getting backers and false promises….that said I’m here until the divorce settlement as reality will sink in at some point in time when his friends lose patience or hopefully he delivers what he says
@DesertSands, 100% agree with your comments…but somewhere along the line he forgot that whilst he may be a big fish in Manchester given fantastic achievements, to gain the kudos he needed to accept being a small fish in a big pond…nothing can detract from his massive achievements, but only his behaviour in understanding his limits
Wow..ARM shares floated at 55 and dipped …post results 75 and now 114…we can dream
@Desertsands, agree that MBO is now very unlikely…Tarzan could not get the backers over the past few yrs for all his chat about taking private, and his friends have not averaged down further (other than QIA).
I agree his language is very much weighted towards partnerships so that could drop anytime - my only concern is what a big trade players think of his behaviour and style, if only a minority stake as does not engender trust and surrounds himself with mgmt who don’t threaten him or as part of any coherent succession planning.
If listing route elsewhere then unlikely to hear until April as suspect they will want audited accounts for 2023 as part of the 3 yr accounts history track record for SEC filings/ prospectus etc
Until then we just have to accept the volatility on very small trading volume and zero new serious incoming investors.
@OSG, REVB last year said they were terminating relationship with THG….so would need to be a U turn…or they have been to same school as Tarzan in that nothing should be believed…lol
Its Oliver Cookson - he set up MyProtein, sold it to THG around 2011 and then fell out with Tarzan. He holds just over c 1.4 % still from recollection and is beneficiary of Zedra Trust
Brilliant, THG should develop a cartridge that blows smoke up somebody’s backside..would add massive growth just in staff factory at ICON and then the gold plated ones sold on days of board meetings and Tarzan’s weekly exec meetings
@HappyInvesting, I agree that unless some material RNS arrives before AGM, the best the "35% club" can do is vote against all BoD members being re-elected and we may have some frustrated ones within the 65% club too. Will not oust anyone but if each and everyone gets 20% + against that certainly will give them a bloody nose and cause some embarrassment and highlight the disingenuous words re corporate governance and shareholder engagement vs real life values are more akin to running as a private company.......until the both side of the relationship are stuck in an unhappy relationship but neither side can afford the divorce settlement either so we all live in an unhappy house....lol
@CraftyInvestor, I wish THG IR were as proactive as you….lol
@Cong, agreed. That’s why I think his long term investors maybe up for taking a more assertive approach with him…I suspect they too feel caught in the value gap given their buy-in price and treading water for some 2.5yrs and Tarzan’s continuing petulance and bluster coming to nothing (let alone all the investor shows they refer to)
@Giles, yes Gallemore and his wife bought over £400k worth....but it was more than a few week ago (MM on top of detail as ever...lol). RNS date 23 June 2023.
Dean Moore, Gillian Kent and Helen Jones - have not bought any shares. Also our CFO has not bought any for well over 2.5yrs and has an average of £3.75 on c£80k worth of shares when bought as a NED...
On THG.com page not many jobs listed for Wales site…maybe this is new capacity coming online, something to do with H&B…anyway all will be revealed within 7 days…maybe big or maybe just a whimper…lol
We could always meet at Dovey Inn and have drink by seaside…lol