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You'll get coverage with Williams but the money could probably have been better employed with a higher placed and better prospect / progressively improving car.

Since they signed the Williams deal sales of THG Nutrition / Myprotein are down 9% in the last quarter. Thats a very big fall.

That's also despite the supposed C-Suite access that The Williams deal gave to both MP and THG Ingenuity (much trumpeted at the time), the Gartner Magic Quadrant inclusion that was meant to boost sales, and the £50 million spent to retain customers.

You'd be far better employing your time this BH weekend checking on whether or not MP products are in fact in Tesco's, Sainsburys and supposedly Asda and as importantly what is the depth of the range and are they moving off the shelves. I highlighted earlier in the week that despite MM stating they had MP product placed in Asda's I found only one amidst rows and rows of competitor products.

dyor

Https://twitter.com/Chariot_Energy/status/1786082012702388526?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

I see one of Kelso's holdings it has just joined Aim. All down to the costs of being on the switch from the Main Market and the beneficial savings it will make.

Just banked $10M courtesy of FTSE 250, Energean farming in on CHAR's big gas and plenty more to come as further milestones get reached as they move towards production. Energean the operator.

2 imminent CHAR onshore drills one of which having just spudded and on the same geology as the Loukos find that's attracted in Energean.

Green Hydrogen arm

Transitional Power arm also and with a Strategic Review ongoing and US Bank Stifel have that part of the business alone as worth circa 10p alone.

https://www.proactiveinvestors.co.uk/companies/news/1043383/chariot-transitional-power-business-potentially-worth-10p-a-share-american-investment-bank-1043383.html

Its no wonder khazakstans secret billionaire just upped his stake in the company.

Cheap as chips imvho

4.7% Helium and 2.2% Gold Hydrogen.

Free flowing to surface and with Noble Helium also firming up the full Rukwa basin as a Unique and Prolific Helium Producing Region unlike Anything Else Worldwide.

Sitting tight for the appriassal well and adding further on the dips.

Nice little side interest taken on Chariot Energy recently for the information flow to come and two onshore drills in quick succession targeting a play on the exact same geology as their previous massive gas find offshore.

Great news that they have spudded.

Given the volume the last two days somebody maybe had some advance knowledge of the SV101 moving from SDX to Chariot.

Looking forward to this drill (and the next) adding to the existing vast resource and an exciting next four months or so.

Unfortunately most of GTC's points are actually on point and they missed out that MM seems quite happy to antagonise the City as well on top and putting genuine II's investors off investing.

So forwards we move to the AGM when the Apollo Bid "significantly undervalued" THG (Probably in the £2.25 - £2.50) level and here we sit at 63p and with Nutrition now backfiring with a 9% drop in Revenue and a lot of sp enhancing advice binned.

Things will change when the mindset of, or some of the key decision makers on the|Board change. Or it gets livened up with a full on hostile bid and with Bid price published.

Imvho

Cong when you see the displays its now a very crowded space. You then have to add in the own brands at many supermarkets also.

Optimim Nutrition in that quote below seem to think they have a "leadership position".

THG seem to think they are the No 1.

So what decides this, and who actually is?

Yes an interesting read Yorek and particularly given their Nutrition Revenues only declined by 1.9% and not the 9% that THG Nutrition's revenues fell by. That THG fall of course being after £50M spent @THG on keeping prices competitive to retain custom and being told it had been the right thing to do strategically.

"Glanbia Performance Nutrition ("GPN"):

o Like-for-like ("LFL") revenue declined by -1.9% reflecting volume growth of 1.4% and a price decline of -3.3%;

o Optimum Nutrition continues to strengthen its leadership position and delivered strong volume growth in the quarter, supported by increased brand investment;"

You can understand the odd percent or two fall. A 9% fall though @THG Nutrition is a significant fall and will be a challenging long way back.

Incidentally I paid a visit yesterday to a very large Asda supermarket and whilst there visited the Health and Nutrition section to dmor. After all at the Q1 update MM advised everyone that they were now selling in supermarkets including Asda, Sainsburys and Tesco. There was a massive selection of Nutrition products on offer from multiple companies including Glanbia's Optimum Nutrition at prime eye level display, Grenade and PhD Nutrition products as well asalso many Warrior products. Snacks, shakes, protein powders - the lot.

Amidst all these products I found ONLY ONE MyProtein product which was a tub of Vimto Whey for £16. No bars, no shakes or any others from the Myprotein stable of products. As it wasn't the flavour I was after I ended up purchasing some Warrior Whey products instead, Vanilla Ice Cream and Strawberry Sunday (£10 each) and both I have to say are really tasty.

In this instance the rhetoric didn't quite match the reality.

Always dyor.

Alex1621,

Mike Ashley though is a far more accomplished operator and who not only bought back SPD shares but played the City at its own game through MASH Holdings buying and trading his own stock and the companies they take stakes in. He has also bought numerous businesses for dirt cheap and generally out of admin and whilst demolishing his competition in previous years, JJB Sports being one, Dave Whelans enterprise another. Tremendous eye for a bargain has Mike.

"100,000 shares dumped into market. More dumps coming"

It'll be Kelso selling some of their "traders" in THG.

Well if he won't listen to any good and sp enhancing advice then trade it and make your money that way.

With virtually no II's investing in any scale in THG its easy to move the share price back and forth.

There's a big meeting at Dorneywood over the next few weeks and being chaired by the Chancellor and to discuss the state of London markets. Its by invitation only. I do wonder if MM got an invite. If you are going to rant far better to choose the right forum to do so.

OhhAhh I have to say I'm in agreement with you that MM has hit his development ceiling, him and Gallemore for me, and unfortunately they imvho have to bear the brunt of the responsibility for the sp being where it is.

Who decided to carry out a rebranding of THG Nutrition when its sales were firing on all cylinders and expanding well into Europe? Was meant to take it to the next level + supposedly well received. Reality: Revenue / Sales now down 9% and say goodbye to its seperate listing "in the not too distant"

£50M spent on keeping prices low to retain customers. Repeatedly mention that this was the right thing to do strategy wise. Reality: Nutrition numbers down 9% as above.

Treating shareholders with complete disregard. No public facing IR department for starters,an in absentia Chairman, and don't get mestarted on that Iain Mac debacle from the 2nd Jan that cost shareholders a 33% fall in the share price by ignoring rightful shareholder concerns. Then he steps aside and into a role working even more hours and I presume getting paid even more.

£15M spent on a seperation agenda about 2 years back - where's the seperate listings?

Closed the door on 4 Bids - the Apollo one abruptly and prematurely, because they "significantly undervalued" the company. Reality - Today its sat at about 1/3 of that and the strategy doesn't seem to be working.

95% of advice binned. Virtually all of Kelso's advice is in that bin. That's advice from a seasoned collective of ex CEO's, CFO's, Chairpersons and experienced City figures and High Net Worths - and all of which was sp enhancing stuff. Seperate listing of Nutrition, More RNS, Strategy update, Share buy backs and Premium listing all advised - most recently though the desire for a shareholder vote to see how they the shareholders would like the company run.

Huge Capex spent on THG Ingenuity growing and hunting whales. Reality - that strategy hasn't worked out in 2years as none have arrived. Now switched rhetoric to trying to grow off existing client base.

£30 Million share awards just past and key performance indicators clearly not linked to the share price.

Routinely berates the city and its actors for the share price and is putting people off investing.

I expect he's feeling the heat as its not too long before the AGM is upon us and he can meet his shareholders face to face and they can cast their votes. Share price 65p.

No point trying to use Darktrace as an example as THG has had 4 Bids itself and with the door abruptly closed on each. 2 for Nutrition we didn't even get to hear about until an off the cuff remark and the Bid prices don't get published either so the sp never reaches anywhere near its potential.

Feel free to add.

And well done Kelso for a very good set of results and a further investment in the cybersecurity outfit NCC. Maybe a bot of trading in THG also as I have them as holding 1 million more THG at time of report. But their silence on @TH

Firing on all cylinders with growing revenue and profitability, reducing debt and the reinstatement of a dividend on top.

Unfortunately with the ar$e having fallen out of the Nutrition trousers with a 9% fall in revenue and MM's Pacman defensive buy earlier I think Kelso's efforts a few months back would have been best employed joining the supposed 35% club and trading the share back and forth with an algo. In fact that I suspected they had done previously.

Their silence is deafening after the recent updates and if you have a CEO who shuts the door on every Bid opportunity, bins 95% of all advice given much of which is share price enhancing, and who seems to treat shareholders with disdain whilst antagonising and aggravating the City then who could really blame them.

2 years on from a Belerion bid at 170p and a year on from an Apollo bid higher than that and despite whatever excuses gets aired for falls in sales or strategy failure (if there is one), this share price is 65p.

Over to Kelso to do something about it using the relevant sections of the Companies Act as all the above are not conducive to investing for a return.

Needs a corporate event or change at the top for this present hamster on a wheel approach to change imvho.

THE FTSE 100 is hitting new highs day after day and this is sat at 64p. Wake up and smell the coffee.

So the large seller actually transpires to be Khazakstans secret billionaire increasing his stake in Chariot.

Did so on the same date as the Energean transaction and reporting from a Hong Kong Office and there was me thinking you had 3 days give or take bank holidays and weekends to report. Plenty time for his mates to be fiddling this back and forth for a few more.

Can't be far off some updates so its a welcome bonus.

OhhAhh I think you have hit the nail on the head with this one and that is why the City mentality of don't touch THG with a bargepole is prevailing. To be fair he seems to be the obstacle and is closing the door on virtually every angle for shareholder value so you can understand that mentality.

So much "City right" stuff could be done to bolster the share price but isn't, good advice discarded and binned from people who have accomplished track records and you might well be right on him having hit his development ceiling.

I thought we might have heard more on the MyProtein Kitchen (Cafe / protein shakes) business at Q1 update. It was opened to great aplume and with a tweaked and refined offering thought we might see a mass rollout. But Nothing - and probably one that's just ticking over and will ultimately get forgotten about close. Also on one or a few updates back we also got told about a Southern Comfort licensing deal. Again I haven't seen anything since on that.

They will have a long way back on the MyProtein side to make up a 9% dip and especially in what is now becoming a saturated marketplace for Protein products. Strategically don't forget £50M was actually spent on trying to keep prices low to retain customers!!

Silently held over there Novice82 for a while and Poppy Gustaffson is an extremely adept CEO and yes as low as £2.50 in recent times which was about where I bought. Seemd a tad cheap buut I'm happy with the payday, although the market seems to think that it may receive a higher counter offer given it had a £6.20 Bid off Thomas Bravo a few years back.

Note again (even though its agreed) it is a Published Takeover Price for all to see.

That's something that THG shareholders are not worthy or deserving of despite Belerion / King Street and Apollo offers and supposedly 2 approaches for Nutrition. (Shame THG didn't take either of those given a now very large 9% fall in numbers) Apparently seriously undervalued at 170p, two years on and despite whatever strategy is being adopted and all the Board and CEO's bluster and effort its sat at 64p, and with the CEO seems quite happy to lament that about 95% of advice he gets given gets binned and that he seems to know best. Blaming the market and its participants wears a bit thin when plenty share price appreciation suggestions have been publicly made and been ignored.

With THG stm it always seems to be one step forward and two steps back. Nutrition being the latest step backwards and that 9% fall @THG Nutrition is a substantial fall in numbers by anyones standards and that's after having already moved into supermarket and bricks and mortar sales and licensing deals already and some time ago and vending machines also and whereby 40% to 50% of your margin goes to retailers or you get a small percentage of sales through licensing. Its also far more than could be attributable to Yen related falls or any rebranding effect. The rebranding for me is a positive. So for me the reasons / excuses on this one don't stack up and I think the DTC / website sales and overall THG Nutrition / MyProtein sales are suffering and that's in a crowded marketplace and with cheaper and comparable competitor products in abundance. Unfortunately there is more of that coming on that front through a competitor listing.

With 2 years to resurrect the share price having passed and now THG Nutrition posing yet another headache I'm interested to see what others think is the way forward to delivering shareholder value here . For me it needs fundamental change as things are not working and pulling together at the same time.

Thoughts?

Been a silent holder over there for ages and watched that one rollercoaster up and down and been as low as £2.50.

Bid this morning agreed for £6.00 in US $ Equivalent, but the market seems to now to be anticipating perhaps a rival Bid.

Ocado for me either relists in the US or at some point soon it succumbs as well.

Well ironically the same market that at one point in my holding was happy to value DARK at £2.50 are now seemingly happy to value DARK at £6.20 and higher than the agreed bid.

Another UK company falling into US hands and perhaps explains why so many companies are quitting the LSE.

Looks like the market is now anticipating a rival bid.

After all the ups and downs and games palyed on Darktrace - we get there.

Good takeout price and happy to settle for the that.

Unless somebody else wants to gazump?