Member Info for Okehurst1

Rock
Fully agree, BoD played it wrong but insiders have exploited the situation, even Iain Mc running a 2:1 buy to sell strategy - and most of the long term holders

How easy is it to ‘ lend ‘ stock to a short , then knowing that information then short yourself to exasperate the situation, make a quick $$ buck for your bonus on a side deal whilst clients money sits Long

Rock, with respect it doesn’t work that way in take overs.

You have to set up a data room and provide total access to the people who want to buy your business, lawyers are involved, accountants etc
It’s a very time consuming, put aside the expense, then it’s meeting the managers and being privy to every detail of the business which would include Ingenuity, due diligence and negotiations are brutal.

Matt would be concerned that someone could then use the data collected and it would assist a competitor - think WWP as one of many

Good example of this is Ocado, they have been in legal action for years with a European Co who they say they stole their automated distribution tech / model

This was never about taking £1.75/ £2 off one of Matts so called m8’s, this was a fishing exercise to draw out other Investment Bankers to offer Matt a good package going forward and for him to roll his shares into same with an attractive ‘ carry’

The market now knows it’s all about price now and ‘what’s in it for Matt ‘
to take THG private, so by design Matt has left the door slightly open but next time it will be an agreed deal before an RNS - if that happens

I loaded up with more shares yesterday at around 78p to 82p yesterday and I am under water but genuinely happy to hold and await the planned restructuring.

Rock, agree 100% on timing of us knowing vs insiders, it stinks

Re actually opening the books for DD they couldn’t do that without seeing the funding in place

They should have done that before announcing via an RNS, my personal view they had an agenda to sniff out other bidders for their personal benefit via rolling their equity into a new private vehicle, so they turned a blind eye to the source of funding knowing Iain Mc and the interior designer didn’t have cash as such but it suited them to test the market

Rock

Think we can say Iain Mc knows that business inside out - he’s been there 12 years, apart from him having the hindsight to short he also went long on a 2:1 ratio
The short was a bit of bunce for him

Throw in the large -off the BoD - shareholders who increased their stake, think we can say there are no red flags of note to worry about

THG BoD have said they wouldn’t engage in DD to the 2 bidders because the price wasn’t right, it appears Candyman wanted to use debt to fund and we can guess Iain was the same - that was not attractive to Matt who would be rolling his equity

Opening your books to DD is extremely time absorbing and it’s £costs but management time is a big issue and showing someone the ‘ Guinness ‘ recipe.
Yes there would be NDA’s but sometimes they are hardly worth the paper they are written on

My issue is the fact the BoD didn’t consider the funding arrangement before announcing 2 bidders, at worst it was deliberate to avoid questions at an AGM and to see if anyone else would come out the woodwork and offer a great deal to Matt or it was just plain stupidity from Charles Allen and Matt

Reckon we all know which one it is ?

Boom

Very sorry to hear about your loss today, hope you have someone in the real world you can chat to about it,

All the best

Oke

Well done Munch
I was loading 78p to 82p today missed that opportunity

Why did the BoD even disclosed a fellow director put a Bid in ?
Ditto the interior designer guy ?
Surely you would ask to see their funding first ?

We will be in the dark tomorrow on who is shorting what as no Form 8’s

They shorted a tonne as well

Close the short when the whales decide and run the long

If your writing the script it makes it easy winnings

How did he know Belerion wouldn’t Bid when he shorted the stock yesterday ? - latest RNS

Nick Candy and Iain Mc can ‘Bid ‘again in 6 months just in time to make them a few quid for their Xmas jolly and big up Candy’s annual Xmas Hello Mag photo shoot next to the tree with Holy

If this was boxing match - todays trading in THG shares - it would have been stopped

On course to match the infamous 35% drop after the investor presentation

Iain Mc must be havin a laugh right now

He’s cleaning up on those shorts,he’s made mugs of the BoD and he got voted back in

And they had no shorts

What an opportunity to accumulate - if you believe in the company

Closing on 40% below what the biggest shareholder off the BoD paid last week - Sofina £1.25

They bought 5.5M shares ?

Painful on those numbers

Debt restructuring
$4Billion owed to Bond holders
Relying on Malls to sell products

This is the bond holders nicking the company

You can see why Matt didn’t want a debt fuelled deal

Hosai… that’s nuts when you look it at that way

Ste
Could it be he was going the BoD of The Quality Group who are a competitor of THG ? CVC just purchased

It wouldn’t be in Matts interest to support a ‘ debt ‘ structured deal as he would be rolling into the new vehicle - mentioned this the other day, he needed to secure a like for like deal for existing / insiders shareholders who would roll with him, the cost of capital would increase the entry point
of his ‘ carry ‘

This is all about the ‘ carry ‘ not the Bids are too low