Member Info for onsolidground

Well if the profile piece was meant to be the big news on the run up to the AGM then it appears to have been spoiled by the "my dogs got more than them and you've met them comment" and also by OMVK's announcement yesterday.

https://www.thisismoney.co.uk/money/markets/article-13514495/MARKET-REPORT-Pressure-grows-Hut-Group-axe-chairman.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.200189294.1526853017.1717233929-725708652.1715810977&_gl=1*arojw8*_ga*NzI1NzA4NjUyLjE3MTU4MTA5Nzc.*_ga_C9F47K6NW6*MTcxODA4NjYzMS4yMy4xLjE3MTgwODY2NDIuNDkuMC4xOTQzODA3MDg4*_ga_GQE6MT7DLZ*MTcxODA4NjYzMS4xMDcuMS4xNzE4MDg2NjQyLjAuMC4w

At last update one of several reasons quoted @ THG as being behind the 9% drop in revenue at THG Nutrition at last report was that of the devaluation of the Yen currency in Japan (Rebrand also mentioned).

Today Me Group International (MEGPM) the digital Photo booth and laundry operator, who operate in several jurisdictions across the globe including Japan, and who recently acquired 3548 Photobooths in Japan gave a trading update to the market and in it they explained the impact of devaluation.

"Impact from foreign exchange rates ("FX") during H1 2024, particularly the Japanese Yen which saw a 15% decrease in value against Pound Sterling (average rate of exchange used in H1 2024 was Yen/£ 187.64 vs H1 2023: 163.16), and a 2.2% decrease in the Euro against Pound Sterling (average rate of exchange used in H1 2024 was €/£ 1.138 vs H1 2023: 1.163).

Fortuitously other variables let them offset much of that but the share price today has taken a bit of a wobble.

Fyi

Crafty mate its super that so many are making dog jokes and memes.

The actual real joke though and this full pantomime is on THG.

He won't do that - as they can't vote.

I'm surprised you didn't make the equally ludicrous suggestion that he does an Elon Musk and make one of them the CEO on THG in his place.

Unfortunately Crafty beauty is in the eye of the beholder and it is how Kelso has received it that is important.

Like I said at the weekend though the comment itself is demeaning and derogatory to all minority shareholders and it should not be coming from the lips of any CEO.

You really need to look introspectively at your ethics an belief system if you think otherwise.

...He is dismissive of the suggestion from the small group of investors. “My dogs have got more shares..."

I'm thinking of adding some here as its a really good trading statement.

The Yen side of things seems to be the only concern as its dropped the japanese contribution by 15% but I'm sure in time they will adjust things or it will correct itself

Dpws500

"MM didn’t liken anyone to his dogs, he simply pointed out that Kelso don’t have many voting rights compared to other major shareholders."

Really ??

"Activist investors have suggested that he sell off the nutrition arm of the business. He is dismissive of the suggestion from the small group of investors. “My dogs have got more shares and you’ve met them.”

The Hermit like I said earlier stick to discussing THG rather than the poster

In direct answer to your post what is it that you are you referring to? Is it this comment?

"“My dogs have got more shares and you’ve met them.”

If so It is Kelso that are the aggrieved so it is up to them what action they decide to take.

Cong it seems that you and a few others on here seem to think it is acceptable for the CEO of a public listed company to make the following comment about it's minority shareholders. Is that correct?

"Activist investors have suggested that he sell off the nutrition arm of the business. He is dismissive of the suggestion from the small group of investors. “My dogs have got more shares and you’ve met them.”

Couldn't agree more skfrn.

It's not as if he has a day job to do in actually running THG as the CEO and delivering shareholder value.

It is doing absolutely nothing to bring in new shareholders. In fact if anything it is completely deterring them.

No new Institutional Investor TR1's in 18 months as Kelso pointed out says it all.

"The wold and its dog"

Wrong choice of words imo

That's because the sentence wouldn't make sense without it in it.

Focus your debate on THG and the attendant circumstances surrounding it.

As it stands I'll probably have mentioned it another 10 times today in reply to posts that are personal as opposed to THG focussed.

Crafty mate you seem to be getting overemotional

Maybe rather than focusing your frustrations on me, may I suggest you take it out on whoever made the "my dogs have got more than them and you've met them" comment or on OVMK for this mornings article and vocal support for change, or maybe the Times for publishing both articles.

I'm doing no more than trying to discuss the ramifications and the potential consequences and risks.

Maybe take the day off if its affecting you so badly

I think you will find that I have only posted the once on whether or not Kelso may consider a formal complaint.

Their silence seems golden hence why I asked.

Any takers with a response?

Stick to THG and what affects it Crafty.

Always has been a quiet bulletin board over there moniman so I think you'd be lucky if you prompted any response over by posting a question. But if Crafty is so concerned about it to continually mention it then let him pose the question. You don't need to be a shareholder to post over there.

Why don't you ask the Kelso shareholders.

I prompted you to do it last night.

What's stopping you? Are you afraid?

It was after all you that mentioned them.

The next move has to be Kelso's reference the "my dogs got more than them and you've met them" comment.

Do they formally complain about the comments and put it in the Chairmans court to deal?

Its all getting spicy

What's everybody else's thoughts?

404x i have to fully agree with you that all this is doing is breeding adverse publicity after adverse publicity for thg and all those who previously weren't touching thg with a bargepole are hardly going to change their views and jump onboard.

****ging off the city at every cut and turn and loose comments like "my dogs have got more than them and you've met them" just isn't cutting it.

if you are happy with the present share price performance and the manjana approach and kicking the can down the road then you vote for more of the same.

if you are not then you vote against the re-election of the chair and maybe some of the other directors.

it's all down to personal choice.