Member Info for onsolidground

Thanks for that Boyobach. I thought some seemed to be waiting for circa 575p?

I'm watching intently myself.

Its incredible really that in the City of London, bastion of free market capitalism and orderly markets - that a small number of shares traded off the free float can knock the market capitalisation of UK companies by so much. That's orderly markets for you and why the vast majority of UK Pension Funds invest elsewhere, other than the UK.

Is it really any wonder so many companies are voicing their concerns at the way the City is handling it's business and are looking to take their business elsewhere, either by relisting elsewhere or primary listing elsewhere. YouGov one of the most recent. There's a very good reason why there are virtually no IPO's coming through in the UK this year.

Anyway, when I read the latest update - it actually doesn't read half bad at all so I won't argue with how cheap they want to let me buy some for my portfolio.

Or its given the market makers an excuse to "naked" it Novice, knock 7% off the share price on a sale that happpened about 4 weeks ago, rinse repeat and with plenty scooped up a lot cheaper than that. Not teasing out much trade today though other than the ones that are being used to manipulate things.

Incredibly the Liberum broker note of 2 days ago with a compelling 200% upside and them buying heavily at these levels, MyProtein product placements into 220 Sainsburys stores confirmed yesterday on Linkedin and Vivek's THG Ingenuity "pivot working" article in Prolific North that dafad posted yesterday stand for nothing.

All effectively only yesterday and that's just about how short sighted markets get and it revolves the debate back around to the relist some or all elsewhere debate. Been there done that.

https://www.prolificnorth.co.uk/feature/the-early-signs-of-us-pivoting-are-working-thg-ingenuity-boss-on-social-commerce-and-the-divisions-future/

Enjoy.

There hasn't been any published date 2pr02p so you just have to be patient and wait.

New CEO's first chance to shine and all that.

Well it's certainly got more tempting since I had a looked in yesterday.

Anybody got tempted by the low 580's?

There in a closed period STE2000 with only 2 days remaining of the Q3 numbers. You'd be the first to moan if there is improvement and a strategic update included and the share price went up and they all bought right at the end of the period (and in full knowledge of what was coming) Wouldn't that be called Insider dealing?

And here Specimen is the list of Levers that Kelso have at their disposal. It's in one of their presentations. You just need to be a shareholders to initiate things.

Still nothing wrong with going round in circles for about the fifth time.

• Public announcements:

• Use the RNS to highlight issues by virtue of being a public company

• Use social media to get points to retail shareholders

• Use the Companies Act 2006 provisions to help make change

- Section 303 CA 2006 – ability to appoint or remove directors (5%+ / 51% vote)

- Section 321 – require a poll at general meeting

- Section 527 – require to publish any matter of importance of a resigning auditor

- Section 314 – require a statement to be circulated to members

- Section 338 – require a resolution to be put before an AGM

• Work with top registrars on canvassing votes – a little known force

• Relationships with PE and trade to drive corporate action"

Specimen, firstly thanks for registering and being so up to speed on THG so quickly. Juts remind us of who you were previously.

Kelso may not have the financial muscle buit they certainly have the ammunition and the knowhow to implement change. I posted the levers they have previously and also what happened to BoB holt at RevB which was orchestrated by BOOHOO where John Goold is a Director.

yespsb I do personally think Mouldings head is on the block at Q3 what with the volatility in the share price being effectively pinned on a lack of strategic update. That's the 2nd mention previously and all laughing and joking aside with Gary Neville on the share price oscillation it is he and the Board who need to remedy things.

There is simply insufficient detail for that to categorically be the case, so you are simply making an assumption based on what you think. Mind you, you even missed that the £600K profit was actually reported "post" the reporting period.

These are abridged / summary accounts for the period and have not provided a full breakdown.

So you are welcome to interpret however you like and I shall do likewise.

RNS Outcome - its good news for both sides and credit to Kelso for banking some of their recent gains.

It's a very good 6 monthly set of results with a £1 Million net profit that nobody foresaw.

And it is telling you that they have also made £600K off the sale of some of their THG shares - that being outside the reporting period, so a head start for the next update.

It effectively gives them a free carry on their recent The Works (WRKS) investment and if you read the bottom of the RNS their number 3 investment is coming imminently.

"Kelso will only invest in a handful of investments at this stage of our development. With our second investment now announced, we are building our third investment and aim to start investing in a further company shortly....

"The THG sale wasn't even in the accounting period lol, so they can't be the same can they?"

That seems to be correct, The 105p sale appears to have been outside the reporting period, so should translate into the next reporting period, along with any other gains. That's how I see it.

How they got the £1M net profit is anyone's guess but given they only had 1 investment (THG) and an office (probably rented) + furniture, it's either where the portfolio stood at the end of the period or they themselves have been dabbling with the share price volatility ( a bit of algo trading themselves or in and out on their CFD's).

Anyway enough time dwelt on this by me. Absolutely nothing wrong with making a decent profit.

As a Kelso shareholder I'm happy that they have started to bank some gains and realise profits and to redeploy it for their next gains, whilst still retaining good exposure to any further @THG share price rises and still holding well for the next Capital Event.

I'm also happy as a THG shareholder for Kelso are a) still holding well (possibly re-bought) and b) as Active Investors are having another pop at Moulding on our behalf for the volatility around the share price and what he and the BoD can do to resolve it. the holding might be small but don't underestimate their ability and lobbying power.

HH - you need to get your happy rally car / birthday head on instead of trying to be pedantic. I am not the enemy here. I actually hold both shares.

The 6 monthly Kelso results are to the 30th June. It's entirely up to them what they include thereafter and outside those numbers and they would have been published and gone through Legal and Nomads about a week back. What is to have stopped them buying back after Liberum's broker note. Absolutely Nothing, Nada, Nil!! and they won't hit a threshold so no need to disclose either.

The truth is that you or I will never know, unless they tell us so at some point in the future.

Have a good birthday.

Thanks HH I did see that they made £0.6M on that particular sale of THG shares but they also state

"Net profit, after expenses and accrued tax and MIP costs, of £1.0 million"

Hard to see where they made the other £0.4 M other than on THG as it was their sole investment.

Thanks for that additional paragraph of information STE2000 and the 63.1p figure. I had it slightly higher at 66p so always happy to be corrected downwards on any purchase price they had.

It's also good for they are turning up the heat and having another pop at Moulding again for the lack of "strategy" and that this is contributing to the volatility in the share price (for all shareholders).

Personally I think he will be an absolute mug if he doesn't update on strategy at Q3. Has to be done

If he does mention "we are" premium listing and or looking at "seperate listing" for Nutrition then UP UP she goes.

His head on the block if he doesn't.

*I wouldn't rule out for one minute them having *bought* back all they sold and somewhere between 65p and 72p after the Presentation Q+A comments about 2 recent bids for nutrition and the comments on the seperate listing of a division (Nutrition).

So there you go PolishCap reference your snipey post the other day at me I did call it right after all reference Kelso selling some shares or closing some or all of their CFD on the last spike to 109p. So several weeks ago now and well prior to the H1 results. As they were under 3% - no need to notify and transmit their every move.

Excellent that they got 105p on what they sold and a nice profit of £1M and these will all start to add up. That effectively gives them a complete free carry on @WORKS. At the end of the day I did say, from theri presentation they are targeting at least 20% annualised growth per annum minimum (and hopefully a lot more) and they are here to profit for themselves and for their shareholders. Like I say these will all start to add up and compound.

They have also retained substantially so are also in it for the far bigger returns. But if they can bank the odd 40% to 50% along the way for their shareholder base then what's not to like about that. The shares they have they bought at THG were at 54p and their average for shares and CFD's had been 66p so a very nice net profit indeed.

It puts an entirely different perspective on their share price going forwards if they are banking gains along the way and I wouldn't rule out for one minute them having back all they sold and somewhere between 65p and 72p after the Presentation Q+A comments about 2 recent bids for nutrition and the comments on the seperate listing of a division (Nutrition). It's what they have been trying to engineer all along. Probably right about the same time all were loading up including Liberum with their "heavy buying".

Again they won't be close to any 3% threshold so no need to notify. That can wait until next 6 monthly update or disclosures at next Capital Event or if they decide to transmit that they have made more money.

In any case the sale was 3 to 4 weeks ago and they have been passed on many times over since.

Nice to see the Linkedin update today on the 14 MyProtein products going into 220 Sainsburys stores.

What do you think might be coming next?

https://uk.linkedin.com/jobs/view/national-account-manager-tesco-group-myprotein-at-thg-3671341054

This following on from another more Senior level similar role

Hopefully we now refloor ourselves in the 80's

Good afternoon strength on @THG today and particularly in the last half hour so you would think it should feed through into another good day tomorrow. Still woefully undervalued.

I see also another RNS from @ Kelso today with them increasing their stake in WRKS to 4.3%, so definitely looking like a 2nd target and a bit of diversification on their part to secure added value.

Slightly surprised that they didn't catch the same wind as THG today and follow it up what with their shareholding and CFD's all benefiting and their WRKS investment also in profit.

To 4.3% as per RNS

It's been brewing with someone trying to pick up stock for days with it hovering between 73p and 75p.

The THG Ingenuity pivoting seems to be working...

Https://www.prolificnorth.co.uk/feature/the-early-signs-of-us-pivoting-are-working-thg-ingenuity-boss-on-social-commerce-and-the-divisions-future/

She's starting to look cheap again against the p/f of investments.