Member Info for onsolidground

We are all mere mushrooms CI, kept in the dark and fed manure. Looks like you though maybe found a watering can !!

Lets see if this statement in the last RNS bears any fruit and given the 22% fall off the last RNS

"it takes seriously its responsibilities to represent the interests of shareholders"

Worth re-reading the Kelso letter to the BoD in this RNS and specifically the part re previous webcast comments made by MM.

https://www.lse.co.uk/rns/KLSO/update-on-thg-investment-8ed3mbr3yyxu6la.html

and OVMK's publicly issued statement just after.

https://www.lse.co.uk/rns/KLSO/update-on-thg-investment-8ed3mbr3yyxu6la.html

Things looking a bit better today.

My own assessment CI is that he is being backed into a corner.

Even his mate Cautious John Gallemore and his wives only share purchase since offloading 4 Million shares @IPO is underwater. Those being the ones he announced just after the Golden share was officially relinquished.

That just serves to emphasize how No value has been added to the share price since then. In fact value has been deducted (77.41p paid by JG and wife on the 21st June 23)

Something ultimately gives. So I'll hold.

And if MM is trying to accumulate further @ KLSO (which I think he is) then he is not having much joy.

Nil traded for the full of yesterday, and today thus far.

Felt threatened enough with THG shares @ 80p to 90p to be buying Pacman defence shares over there.

What must be going through his mind right now with an even lower share price? some 22% off the recent 90p. II's not happy with Iain Mac, OVMK speaking out publicly for a strategy update, Kelso also after so many improvement measures and most recently a shareholder vote. Levers to pull.

Never a dull day @THG.

Now where have we heard that name before. Elliott.

Only one of the largest Active Investors in the world - and of course through Sarah Rajani, recent appointee @Kelso's and one of her previous employs. Cherrypicked there for some as yet unknown purpose.

Interesting to just reflect on what a $1 Billion stakebuild by Elliott here would mean. Even an initial 5%, 10% or 25% of that. Seriously big player in undervalued shares and value creation.

https://www.reuters.com/markets/deals/elliott-builds-stake-tinder-owner-match-group-wsj-2024-01-09/

https://www.thebusinessdesk.com/northwest/news/2122238-thg-and-ncc-stalker-kelso-hires-expert-in-%E2%80%98executing-successful-campaigns%E2%80%99

I suspect if the share price hadn't been deliberately dropped some 22% in as many days then we wouldn't be having these disgruntled postings and discussions, many from previous and non holders.

Today the same, small coded trades periodically directing the general price movement and back we are to a share price of just over the price the share was at when Apollo's conditional offer valued THG Ingenuity alone at "significantly more" than the share price back then (65p to 68p range) Unfortunately symbolic yet again of all that is wrong with UK markets.

For some no doubt the same game of rinse and repeat but on this occasion THG sadly provided the trigger to instigate the drop, albeit everybody can see it has no relevance to Revenue, Ebitda and margins. No doubt about it Moulding will have returned from his skiing holiday spitting feathers at this recent orchestrated drop and will have instigated his own post mortem and dissection of events and communications.

That said I do think he is astute enough to know that what with this recent fall, the next update requires something more than just a numbers update, especially with Kelso now breathing down his neck and OVMK also having publicly spoken. Completely different dynamic now prevailing.

2024-01-09 16:10:00 71.80 300,000 £215,400

Definitely not denied at Q3 webcast and with words to the effect "All 3 businesses are US reporting compliant"

3 months on the question has to be, Have we been engaged in any such dialogue and discussions.

Last I heard was that there were 2 US Markets Senior Execs now based in the UK.

https://www.cityam.com/nasdaq-getting-a-lot-of-calls-from-uk-firms-seeking-a-listing-says-top-exec/

Anything that Mark Kleinman says and anything that Betaville says.

Probably the two most credible sources of advance business intelligence on Capital Events on the UK and US markets.

Bloomberg and the Tekegraph also occasionally.

3 months on lets see where we're at

https://www.telegraph.co.uk/business/2023/10/15/thg-us-float-myprotein-nutrition-business-matt-moulding/

Nice opportune dip presented this morning for top up.

I completely agree with you Craftyinvestor and you are preaching to the converted.

So many dynamics now at play.

MM needs to get the share price up, one way or another, or for me Kelso will make a next move.

The 20% drop off keeping an existing Director which has absolutely Zero impact on £,$,€ Revenues @THG says otherwise yespsb. The LSE is party to the "overfishing" for it has been guilty of repeatedly "taking away" from the share price and without "giving back".

Hopefully this recent event has been sufficient to make up the minds of the Board. Imvho they need to start by following in TUI's shoes and announcing a Review of the existing listing arrangements and whether it is to the benefit of THG and shareholders. Hopefully something with the next imminent update or for me Kelso will make a next move.

Shareholder frustrations are manifesting themselves and it simply can't go on as it is without something giving, hence why I'm parked up.

From the lack of IPO's and the Exodus from the City and as always everyone comments about every possible reason under the sun for so few listing in London but carefully avoid to mention preying Hedge Funds and short selling (albeit that normally comes after listing) but which might have been a more than primary factor in Softbanks decision to list Arm in the US. Zero chance of The Government interfering in free capital markets as PH suggest. PH's share price looks high considering...

https://www.cityam.com/government-should-take-direct-action-to-block-firms-floating-outside-london-city-broker-claims/

This article in CityAm yesterday focussed on the online side of things. Hopefully we kept up our push for margin improvements and grabbed our own good slice of the pie as we certainly have numerous BNPL options.

https://www.cityam.com/merry-clickmas-uk-shoppers-splashed-24bn-online-over-festive-season/

Excellent results and a 20p special dividend.

Looks like it's getting played on results day.

Just like last time.

Blue day on the markets tomorrow.

"Honestly what world do these people in :)"

Try Fud dy duddy world, Can't even lie straight in bed world and a zero integrity world where they fib and lie.

Save wasting your breath in reply Crafty.

Its a shame the market had to close tonight as things were starting to firm up nicely.

Oh I think you'll find its me that was calling out your c@ rp. Maybe phone your GP as it looks like a bit of early stage dementia setting in if you are forgetting where you've been posting.

https://www.lse.co.uk/ShareChat.html?ShareTicker=KLSO&share=Kelso-Grp-Hldg

That's your last reply and back into the filter bin you go.

"Spending at online-only retailer Ocado grew by 5.5%, though its share of the market held steady at 1.7%."

Good stuff.

Might see the share price move back up a bit later this week, what with Marks and Spencers, Tesco and Sainsburys all set to provide sector updates.

The share price just seems to be reacting daily to the swings in the oil price.

Don't normally say this as its not normally my philosophy but it's proven to be a good trading share if you get your timings right.