RE: Matt29 Oct 2024 09:02
2phevs, The City isn't daft and it knows full well who was responsible for a £50 Million spend of shareholders money to keep prices low to retain custom @ THG Nutrition only for it to be shot directly in the foot by the Rebrand which has lost them. Importantly, whom were the architects of those decisions - and you got it at the last analyst meeting that the Rebrand now is past it's sell by date as an excuse and with them directly questioning the Personnel @ THG Nutrition / Board level and suggesting that change is perhaps the order of the day. For me that's either the CEO @ Nutrition or Moulding himself.
I hold because I think major change is coming. Yes the demerger is coming and ESCC inclusion and FTSE 250 down the line but I really can't help but think that another is going to come knocking at the door with a rival, and lets face it better offer, as THG is at it's most vulnerable right now and you can see the rumblings, positioning, manouvering in the background: Those not supporting the placing QIA, Balderton, OVMK; Mike Ashley taking a position; Selkirk Group setting itself up for a reverse takeover vehicle with two Ex THG Exec's on the Board. Apollo, also armed with it's newly purchased Evri must also be monitoring...
Over 18 months on from the latter of two bids, one at 170p per share and the other somewhere between 200p and 250p - and the Boards opportunity in between to remedy the "significant undervalue" in those takeover offers it's sat at 45p.
Eric Ten Hag delivered better performance @ Man Utd with 2 trophies and look whats just happened to him for poor team performance. Any other CEO presiding over similar would have either fallen on his own sword, been replaced or somebody else spies the opportunity to take it over and do better, and does it.
Rule absolutely nothing out and it's the wrong time to be on holiday. Cats away the mice can speak and play.
All imvho.