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It was undervalued on each of those events and especially at 49p when the supposed demerger dilution effect was meant to unravel and be given back.

But what you can't stop is HF's one after another blindly jumpring on the same bandwagon and shorting THG and profiting handsomely from effectively an inverted pyramid scheme. That works but only up to the point that sellers dry up, or one or more large buyers appear on the other side - like Mike Ashley here. Generally it also requires people being to be oblivious to Sum of Parts valuations on the underlying value of the assets. So even with the present incumbents in charge and all their imho poor decision making ,Wikipedia is showing that there is probably, just on a bare price paid valuation, £1.5 Billion - £2 Billion of businesses assets in Remainco - against a market cap of just over £300M.

So here we sit going into an AGM, virtually off an All Time Low. Mass discontent festering at wealth destruction and probably influencing a lot of Voting rights and personal attendance at the AGM, all Directors up for re-election and everything up for grabs, Ashley increasing his stake with intention unknown, Ashley after a Beauty asset in RevB presently, Whey prices declining for the Nutrition side, and then you have Moulding and Micheal Murray both it has to be pointed out in an existing business partnership and both in Chicago at the same time and both down on their investments. Kelso (In part behind the Selkirk Bid) unlike last year, non vocal on voting intent and earily quiet...

Dangerous time imvho to be the last ones in on an inverted pyramid scheme as literally anything could happen and if the intention was to profit, buy back and close pre-AGM then there's only about 7 market days left to do that. With Ashley also probably looking for stock.

Just my interpretation. Over to the Algo's and the market players.

At these pittance levels you need to strip out any emotion and just purely look at this as a grossly undervalued asset play.

One that is attracting in the Billionaire Ashley's and his company with an increasing 12.6% stake

and

One that Moulding is also happy to throw a further £60 Million into @ 32.3p

We can all bemoan Mouldings for his attempt to rebuild his stake with a large buy-in thinking that by structuring it via a CLN he would get it on the cheap as opposed to paying open market value, but the truth of the matter is that the shares are available to everyone at a 25% - 30% discount to what he is paying.

And somebody was happy to pay a premium of 25.46p for nearly 3 Million shares in Fridays Uncrossing Trade.

https://en.wikipedia.org/wiki/THG_plc

Somebody needs to drill down at the AGM on WHY? APN's margins are far higher than THG Remainco's

Strong finish last knockings on Friday and I'm expecting more closing next week as somebody put the lid back on the golden honey pot and sellers ar longer selling knowing just how undervalued the assets are, even with the present BoD in charge.

Another very good time for MA to be offering up to buy more imvho. Might actually have been him buying Friday to create fertile environment.

Offering to pay over the odds for 200k on the run up to the close and then the near 3 Million Uncrossing trade eclipsing the full days trading volume prior says somebody was in the background looking for volume.

I tend to agree it is probably the last shorts in that have just jumped on the "easy money" bandwagon only to find that they were not triggering any volume to close at profit and are exiting pre-AGM. People are not being conned into selling knowing that even with the present BoD the Assets alone are probably worth 5 times the present market cap.

The jeopardy is that with the AGM coming up anything can happen. Just coming off all time lows, Directors lacking in popularity (an Understatement) Mike Ashley increasing his holding (Will he build and bid, will there be further partnership announcements, will he turn activist and challenge and agitate) whey price is reducing also so might we get a boost and then a sustained rally, might someone get a big vote against them or might we see a resignation. Then we have Moulding and Michael Murray both in Chicago.

Volume seemed to swell by about 3 million at the close.

"Oh I see you have just increased your stake in THG to 12.6% Michael? And you got it for about 25p. How did you manage that one, thats 30% less than I'm paying? Can we count on your votes?"

And I see your Father in Law has just expressed publicly an interest in buying Revolution Beauty. All cash as well...?

"Confirmed via instagram that Michael Murray was also in Chicago this week."

Now that is interesting and thought as much yesterday.

Must be on Moulding's mind to ask the following

Oh I see you have just increased your stake in THG to 12.6% Michael? And you got it for about 25p. How did you manage that one, thats 30% less than I'm paying? Can we count on your votes?

Inconceivable that they have not crossed paths and met up. Probably a coordinated joint trip imvho.

I suspect they will group the questions together.

No point moaning all day long on a bulletin board about poor performance if you can't pen your questions to the right channel.

It also helps convey the concerns and strength of feeling imvho.

You can't help but think though at such a lowly valuation this is like awaiting a next Bid approach.

Hopefully next time we can give them the respect they deserve, announce them, consider them and update on them.

I doubt the earlier ones will close up Darkknightmy as they are in good profit but it's always a risk for the late arrivals who just jump on the bandwagon, as it starts to look more and more like an inverted pyramid scheme. The last ones in are left prone as less get convinced to sell and things dry up. No exempting poor decision making of which there have been many but you have Mike Ashley stakebuilding and having accumulated a large 12.6% stake and MM having just invested another £60 Million pounds and you have a market not interested in reflecting either and a valuation imo about 1/5th of it's assets.

AGM coming up off an all time low share price makes for an interesting event and where anything can happen. Prior, On AGM day itself, Or after.

You can't help but think though at such a lowly valuation this is like a

They're probably just thrashing out the fine details on the 52p takeover rumour from this morning. Lol.

Was thinking the same Money_mad. Maybe a hop skip and a jump to the Canadian Grand Prix in Montreal this weekend. That's why I was asking if Michael Murray was there also. Get a bit of hospitality out of the Williams Contract before it ends. Or perhaps a bit of retirement planning one can only hope.

Does anybody know if Michael Murray is there also?

https://www.menshealth.com/uk/fitness/a64634356/michael-murray-hyrox-training/

Can we just explain the "as we all know" in your sentence about 5p.

The fact of the matter is that nobody knows.

I doubt 52p would make the cut but Mike Ashley wants a Beauty asset, after confirming his interest in REVB and stating that any offer they made would be all cash.

Update off them them this morning

"The board of the Company (the "Board") confirms it has received proposals from a number of parties, which the Board, together with its financial adviser, is currently evaluating and which may then result in further access to diligence materials being granted." Normal caveats attached.

and

"In addition, the Company continues positive engagement with its shareholders, including in respect of an equity raise, and is making encouraging progress on its cost structure and go to market strategy."

Good update off a well run, multi-faceted business and it was a buy on the dip when Asda said it was cutting prices to try and resurrect it from its previous owners. Asda will literally need to spend hundreds of millions to even start to regain market share and it's the German discount chains that are damaging them.

Lowered into the uncrossing trade and somebody picks about another 1 million shares (obviously a seller as well)

11-Jun-25 16:35:15 25.36 998,394 Buy* 25.30 25.48 253.19k UT

Have a good evening.

Lower it into the Uncrossing Auction to see what gets offered up.

The accumulation is a 2 way process. Take it down and see who you can persuade to sell. Lace the Bulletin Board with Fomo to assist, or it brings them out. But the other side that is equally as important in that you have just past halfway and that you then engage in buying all you can that sell when you are raising the price back up. Buying all the trader shares and those totally dejected a frustrated at the constant manipulations and the rinse repeat. That way you get a doubled amount and you half your average purchase price. Add in a couple of large purchases in the Uncrossing trade auctions as well and a Contract for Difference to add to your haul and it can be a lucrative acquisition strategy. All done by algo's whilst you bask in the sun.

When you have a Bod That don't communicate or release info to shareholders it's easy peazy, lemon squeezy. The buyer will know what they are after and their pricing limit. Last time it was 28p / 29p but anything under Matt Mouldings £60Million CLN at 32.7p feasibly has to be in play so probably another day, or two to go yet if they want a pre-AGM position.

Imvho.

Seems to be a bit of urgency on Ashleys part to get his stake up prior to the AGM. About 9 days left.

It's either that or the last short in has started to realise their vulnerability.

There is always the danger of an "event" happening prior, at, or just after an AGM when the shareprice is coming off all time lows and the BoD are reviled imvho