Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Until a group 2 holder breaks ranks things will not move on....they don't have to sell but could roll (see percentages below)
- Balderton and ex Balderton guys will most likely have the lowest buy in price as Balderton held pre IPO and so guys bought at post price crash
- QIA have averaged down to c175p
- Sofina blended buy in likely to be in excess of £2 as invested pre and post IPO....and Koopman on the Board. If they come out against Tarzan then things will move fast as then also Boardroom dissent
Disclosures at time of Apollo bid (Kelso adjusted)
Group 1 -21.67%
MM/THG 15.78
THG Employee Trust 5.89
Group 2 - 29.65%
Sofina 8.89
QIA 7.32
Balderton 7.46
Mark Evans 2.71
Harbrook Ltd 1.97
Tim Bunting 1.30
Group 3 -14.24%
Brian George Kennedy 2.86
Vanguard 2.63
West Coast Capital 2.03
Ophorst V M K V 1.93
Norges Bank 1.73
Terry Leahy 1.24
Blackrock 1.22
Kelso 0.50
Total = 65.49%
They will have no problem drumming up 15% support
Matt Moaning is now acting like Tarzan…and explains why he bought the Wild Kong (probably with shareholder monies but he will say as he owns 25% he paid his share)….lol
@sb1000, enjoy the game tonight…I’m going to the MCR Xmas markets first to numb myself….should be a good game! Enjoy!
I hope Matt Moaning doesn’t post a LI on this..everyone can see what is happening so his further moans are not going to change things….what we need from him is:
1. Articulation of strategy; or
2. Action to bring separation to life rather than plumbing and no water
Otherwise he just comes across as a prima dona at the edge of the dance floor, but nobody picks him because he only likes to dance with himself as he things he is too good for everyone else in the club…lol…..a bit like some of our Utd squad…lol
And another smaller take private at TEN on the cards at £300m as US PE have made an offer for bowling firm at 33% premium to yesterday’s closing price
Agreed, this is good. A lot of younger people want to learn of more experienced people, but in many examples I hear, the latter are more resistant to going in…
Feehley and Grimoldy will need to go in….and pay homage to Wild Kong every morning…
Fresh outtage on small cap stocks following on from just a few weeks ago…will fuel more negative rhetoric for LSE group
@ProxLDM, have to agree. They make Wild Kong in THG reception look immensely locquacious and engaging….fact they don’t even respond to PI emails, even with a bland response is totally insulting and offensive to PIs…
@sb1000, maybe Inactive Relations are busy penning how the Qatari’s are going to invest their Barclays share sale proceeds and some more into THG…lol
Interesting PIF deal with Rocco taking 49% stake with Rocco family maintaining 51% - PIF want to build out hotels in KSA and globally
Does make me wonder if any synergy partnerships wit PIF and Noon.com, both e-commerce expertise and scaling nutrition in KSA and Middle East given relatively high obesity levels….noon.com already sells myprotein but may be some Ingenuity synergies
Only caveat is that when PIF put their mind to something they go full on so investment into noon.com may be much higher than Ingenuity and better…but one hopes for a trade or this type of deal to further scale up THG divisions
Greg and Kate (also head of Strategic Projects) still picking up pay checks monthly, what a great job…lol
Last post for today....GLA sit tight for Jan update and let MM play his games
https://www.google.com/search?q=planet+of+the+apes+on+horseback&oq=plan&gs_lcrp=EgZjaHJvbWUqBggAEEUYOzIGCAAQRRg7MgYIARBFGDsyBggCEEUYOTIGCAMQRRg8MgYIBBBFGDwyBggFEEUYPdIBCDI0MjNqMGoxqAIAsAIA&sourceid=chrome&ie=UTF-8#fpstate=ive&vld=cid:5c6bb895,vid:BDu783fq8m8,st:0
To really bring some more drama to this maybe Matt Moaning or THG should make a full offer for Kelso and then see how many of the Kelso shareholders bite as "fast money" ...or MM knowing too well it will be rejected, just to wind them up and say no THG share buyback but we will buy you instead......to me this just wreaks of a number of Manchester based businessman/advisers having some having some turf wars in their pond...lol
I’d like Matt Moaning to buy up 10%+ and demand a seat on the Board…beats Coronation St
@Citypie, you may be right that he is welcome….but for me it just him punting £275k which he knows he won’t lose and wind up Kelso because they have been winding him up publicly…no doubt related to big fish playing in little ponds in Manchester…lol
Genius..you got to admire the move. For a mere £275k he has become an unwelcome guest to Kelso’s gathering….hilarious
@SP28 - when he can find someone who trusts him and his mates to invest close to 50% and have no control
As for FarFetch its listed in New York and dropped massively since IPO - hence why I still think a trade sale or significant partial sale of divisions will be a much better result for shareholders
Here is Adore’s RNS for anyone interested
https://www.adorebeautygroup.com.au/DownloadFile.axd?file=/Report/ComNews/20231127/02745483.pdf
So Matt Moaning hates opportunistic approaches especially when SP wildly low and undervalues THG prospects…if I were Adore CEO I would be poking some fun at our uber leader…