Member Info for Okehurst1

Good research Golden, thanks for sharing

No don’t think he’s shorting - although we know Iain Mc had a low Chinese wall with his link up with Kings Street and they were going long and short

He’s now got a decent idea of his shareholder base and their tactics plus the BoD would have sounded them out re a buy out so the exercise suited him

Agree HH

Lord Allen can’t lose either way if he’s in for the long haul - private or public

No credible Bid for group that we get until that Golden Share out of the way

The Bid from the director Iain Mc ditto the Candy Man were a good bit of data harvesting by Mouldy via the Form 8’s

Am same, holding

Point being Moulding has a game plan for his own benefit , we have no idea what it is, personally I don’t think he would get the vote through and the action could back fire but does he care ? Am not sure he does ? None of his actions to date shows he gives a toot about us PI’s

If he genuinely wanted to find the true market value he would have given up the Golden Share which he promised to via the April RNS, rather than slip into the call 2 weeks ago he is letting it expire

As such he must have an agenda

HH, who truly knows what goes on inside Mouldy’s head

We do know we can’t trust him - he doesn’t keep his promises via RNS , like the Golden Share

I wouldn’t put it past him to make a move to go private but he uses his own cash to buy out anyone who doesn’t want to go with him, so no debt

The lower the share price the better for him

No way will he get the 75% vote but I reckon he thinks he has nothing to lose trying

One thing from today …. No deal looming for Nutrition

Speculating …

Takeda wanted an exclusive non binding agreement Option agreement on their side until Ava6000 trial completes, Avacta said sorry no!

Takeda said we are serious ,either way we will demonstrate
and buy a token 50k of Avacta shares

Avacta say pop into the new office which is next block down from yours once we firm Ava6000

$44B m/cap

No other minority share holdings

You sit there in Japan and say let’s do 50k into this outfit from Weatherby ?

Fully agree Energy

Plus they didn’t buy 50k of shares as a punt?
We still don’t fully know why $44B Takeda actioned that trade?

Who knows Ste ?

Moulding is playing us PI’s that’s a given, they could have promoted the Iceland link up a wee bit more as an example, why no BoD share purchases? It doesn’t stack ?

Gut feel… he’s happy to see this drop and then he offers a low ball offer to take private ?
Btw He ain’t getting my shares on the cheap

If the low offer fails he pulls the rabbit out the hat selling nutrition before next September ?

…. And it’s Avacta

And the RNS today ?
Avacta letting the world know they are gunning for them

‘The next most advanced pre|CISION™ pro-drug candidate is AVA3996, a FAPa-activated analogue of Velcade, Takeda's proteasome inhibitor.’

My average is around the £quid … that’s the most I could have lost per share - ever with Avacta

The shorters ? They are going to negative multibag their personal balance sheets, it’s going to be painful

‘The Company has worked with partners at a UK based, world-leading pathology laboratory to put in place the validated assays'

Not ‘ will ‘ but ‘ has’

They know

Without doubt … shorters burn on this one

18 months of cash :-)

Shorts taking profits

QT now suspended
QE back in action

https://on.ft.com/3RdHFNC

2phevs, laid out well

THG grew 12% H1

BOO net revenue down 10% H1 ( results just out)

Thanks for sharing HH

Moulding just doesn’t care

Steve, guess where there is a will there is a way

As an example

Nestle could in theory buy Nutrition and Ingenuity deliver their newly owned products, Nestle sell Myprotein products as well through their established Omichannel outlets.

THG may be prepared to take a tad less ££ for say a 5 year distribution deal as an example

Can’t see SoftBank buying Nutrition, suggest it’s a multinational Trade player who would have access to capital on its balance sheet and can leverage the asset.

Apologies posted on wrong THG thread

Ste

Suggest unless Kings Street can access £500M in cash to buy out the shares they don’t own and that assumes the 75% left agree to the deal ? Why would they agree ? They end up with a new a large block share holder who bought in on the cheap to them and they have shares in a private company

The cost to King Street for £500M is going to be £50M in annual interest payments ( minimum ) and that’s on a good day ,just can’t see it happening, plus whatever carry comes with the debt ?

This debt will be low ranking as well, the 75% won’t let it rank above their equity plus the current lenders won’t release their charge priority

Plus THG BoD won’t back a leveraged buyout, not with £250M of debt already - this could be £400M of debt in 12 months time
THG could have £1B of debt funding a buyout by end of 2023
Personally I agree with the BoD, fiduciary duties over ride shareholders, it’s not going to happen

The only deal in town is to sell Nutrition, not because Moulding is thinking of us PI’s, it’s because he can pay off debt and then consider a Buy Out of us little people, he’s got the cash in the business to do it then - if he wants to retain control, he could also take out large II’s who want out

As such the clock is ticking for him, he has a track record as a deal maker, that’s my my view and why I hold the shares as I think he will pull a rabbit out the hat or he loses control next September