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Green
Time to crack open a cold one
Just purchased another 34k at 70.9. Unbelievable that I bought the same amount just before Xmas for nearer £80k
Average down to 150s
We’ll that’s the house reno money gone from the piggy bank
Let’s hope this booms before my wife finds out and I can replace it
GLA. We need it
Thanks all. Appreciate the messages. Hard sometimes to separate the belief from the day to day red and huge paper loss
Watching the cricket highlights - that's cheering me up
Tomorrow's another day, and the day after a really interesting one.
GLA
If i was MM, the abominable ****eshow of the last week would have convinced me the LSE is no place more tech entrepreneurs. I'd be taking this private as soon i possibly could.
I've had to stop looking more than once a day as tbh for my own sanity, i've had enough now
GLA, DYOR
Go to bed eye_of_the_*****
Time for your story
This board is making me chuckle today.
Hold the line everyone. Its just fun and games whilst the MMs play
imagine he's regretted that over the last eight or so months….
as have a few of us!
Onwards and upwards etc
GLA
keep those updates of doom coming Ste - looks like the market responds
Did someone get a thesaurus for Christmas?
Good morning Binky-bot
Hope you're having a £2.50-tastic morning
Well that was pretty brazen!
reinforces that something is afoot.
Bring it On
GLA
Congrats NSFY. That's great to hear and must be something of a relief?!
i'm still around 20p to go, but its then +£1,600 gross for every penny gain. Bring it on
GLA
First post about THG recently, and here's £2.50 again.
£2.50 again
More transparent positioning.
Give it up
here we go again.
Two pounds bloody fifty positioning. Relentless and so transparent
Blimey, this is exciting.
I really hope this is the catalyst...
GLA
But it's not just the message boards is it?
£2.50 was central to the piece in the Daily Mail, and whether we like it or not that rag is widely read.
Considering how manipulated this SP has felt, this feels like high level positioning and therefore could have an influence.
Personal opinion
Absolutely - and the B1nky-bot is absolutely here to do that. £2.50 is liberally spread through the posts, as is 70p, to create anchor points.
Boringly transparent, but serves a purpose and you can see the convo here over last few days aligning itself around this.
Apologies if this has already been posted
https://www.ig.com/uk/news-and-trade-ideas/thg-shares--a-short-synopsis-of-the-takeover-talks-220524
Where next for THG shares?
THG’s IPO was the largest since Royal Mail’s in 2013. But public life has been far from relaxing.
Moulding has come under fire on multiple fronts: for his golden share, which dissuades institutional investment, for breaking corporate governance best practice guidelines by holding both CEO and Chairman positions before former ITV CEO Lord Allen was appointed as Chair, and for the recently inked deal that will allow him to buy multiple THG-owned properties, and then rent them back to the company for millions.
Then there’s the Capital Markets Day presentation disaster, covered in excruciating detail by the Financial Times here.
In November, the CEO said listing in London had ‘sucked from start to finish.’ Retaining a 22% stake, he carped of his ‘options’ to take THG private in combination with ‘a few people I’m close with’ who together control more than 50% of THG’s shares.
But he’s also told investors he will soon move the company from the standard to the premium segment of the London Stock Exchange, which could eventually see it included in the FTSE 100.
And despite the problems, THG saw revenue increase by 35% to £2.2 billion in 2021, which then increased by an additional 16% year-over-year to £520 million in Q1 2022. Further, the company expects sales growth of 22-25% in this year alone.
In addition, despite widespread analyst concern, THG is spending £200 million on a gigantic new Manchester warehouse that will house 250 robots capable of processing 500,000 items a day, worth £14 billion a year. And more are planned internationally.
Of course, at 139p THG’s share price is still 18% below the quoted 170p bid price. As Davy analyst Roland French notes, ‘the market is discounting the probability of a bid approach in the short term - the language used by THG was heavily caveated.’
And the Mail on Sunday has reported that Moulding would only seriously consider an offer within the range of ‘£2 to £2.50’ a share, on the proviso that he would retain control.
However, delisting could be a mistake. If the CEO’s strategy is to relist in the US at a later date, it’s worth noting the hammering that the NASDAQ Composite has taken so far this year.
And while a return to privacy may give Moulding more creative control, private equity is also being squeezed by tightening monetary policy. Moulding may return THG to a much less financially friendly arena.
Moreover, its 2020 London IPO raised £920 million, while a further placing last year raised an additional £800 million. This capital has been key to THG’s rapid growth.
But as suitors circle, a bidding war can’t be ruled out.
@B1nky. Presumably you’ll be able to afford a £2.50 tattoo soon with all this paid-for positioning?