Member Info for onsolidground

You could be right on the 3 line whip from MM and other CEO posters to follow. That wouldn't be a bad thing as I'd be eager to hear from the other 2.

If so, then it would be a sign though that he f####d up Thursday with the comms and of a desire to get the share price back up - or maybe face a challenge from Kelso or another predatory capital event.

I'm personally looking forward to what the partnership tie-up with Southern Comfort will bring (mentioned on Thursday)

1 hour ago

"Over the last four years, THG Nutrition & Wellness has grown well ahead of the market. Our 24m+ customer base has diversified. Average order values have increased. And loyalty has remained high. Our growth not only come from our core playing field of sports nutrition but also through our diversification into new categories. From vitamins to vegan, collagen to clothing, we can move at significant pace to meet future trends through our vertical integration.

We are now leveraging this unrivalled ability to innovate to expand into targeted strategic partnerships. In recent years, we’ve covered most bases working with some of the world’s biggest brands. Licencing in to licencing out. Taste and IP led. Ambassador and event collaborations. Global to local. These opportunities allow us to selectively extend into new categories, increase brand touchpoints and engage consumers in new ways.

Partnerships offer something new to loyal customers, create a stronger emotional connection as well as enhancing brand value. By combining strengths and resources, brands can create a unique offering that appeals to a wider or different market segment.

Our first to market, Clear Whey Protein, is a great example of how we’ve continued to bring in new audiences through taste led partnerships. Building on the refreshing USPs of the product, we’ve recently worked with Vimto, Mike & Ike, Jelly Belly and a soon to come Chupa Chups offering, whilst expanding the ‘Clear Range’ further into areas such as collagen. This focus on broadening our appeal has resulted in record sales and double-digit growth for the range.

We’re always on the lookout for likeminded brands. Whether macro or micro, it’s the fit that’s fundamental to ensure we’re able to work authentically together – as we build to becoming the ‘world’s most empowering health movement’. Our 2024 calendar already has some incredibly high-profile names locked in and looking forward to working with new brands in the future to reap the reciprocal benefits.

#myprotein"

Here is the 2nd piece of the equation. The specific comments that Kelso are referring to

Listen from 42:35 forwards to the questions asked by Andrew Ross from Barclays

https://stream.brrmedia.co.uk/broadcast/64da2315aa74fc619cf74a1e/6502b86961114eed62585658

Bwana, some good points you make here and make no mistake Kelso publicly rebuked and reminded Moulding and the Board on Thursday evening that they have a Fiduciary Duty to all shareholders and that it is not a private company. That's if the share price action didn't already have a sobering and reminding effect.

The public chastisement concerned mainly the

# Lack of any Strategic Update

# Comments made in the Presentation Q+A reference two seperate Bids that were made for THG Nutrition solely at multiples of the present share price and

# That there may come a time "in the not too distant future" where THG Nutritions interests are best served by a seperate listing.

All this should they cite should have been in the RNS and articulated, rather than off the cuff remarks.

https://www.lse.co.uk/rns/KLSO/investment-in-thg-plc-update-bly5i7lclnjakd1.html

You could also do with finding the Barclays Analysts questions on "seperation" towards the end of the presentation.

It would not surprise me if very soon, if not already, they Kelso use one of their Company Act levers to legally requisition a statement off THG clarifying why these approaches weren't made public and at what price level were they made? (See earlier post on Kelso levers which they have to use should they wish)

Be grateful though that you get the share price 20% less than it probably should be with those details in the public domain. If not higher. Nutrition is worth far far more than the present sp and we are still sitting less than Apollo valued THG Nutrition at.

They, Apollo must be salivating to have another go again, and this time there is no Golden Share there to veto things.

Everything speaks next Capital Event so I'll hold and be bold.

Taking aside MM's faux pa of no strategy update last week, particularly when it was in part present during the presentation and Q+A, the present share price is simply miles too low.

Calmer sentiment seemed to prevail on the bulletin board today and there was definite business being done on the Buy side from 66p up and into the 68 pences.

Safe to re-enter the water? in all probaility yes but down to each to decide.

Just let Kelso be that annoying thorn in Mouldings side and let them do their thing and get on with shaking out any complacency that MM and the BoD might have.

Off to count the number of times "imprived numbers were hinted at for the Q3 update, that being between RNS and the Presentation and Q+A.

I don't normally trade but that's it up about 10% in only a couple of hours.

Will decide how things go tomorrow if I stick, twist or fold.

Thanks for that Stupmy.

I'd like to think somebody is playing with the price today to pick up stock, but you never know.

Update should be good but it'll be down to the market reaction.

Managed to get some in the 67p's so happy so far with my investment.

How on earth can modern markets justify such wide fluctuations.

Absolutely crazy !!

Just read the update and to be faor it is not a bad update, give or take the odd miss.

But a 26% fall. Come on !!

Is it any wonder that so many companys are quitting Casino UK to go and find greener pastures where they actually know how to value companies properly and do just that.

Martin Sorrell will be fuming at what has gone on here today.

Same occurred at THG last week despite hitiing guidance. Mixed numbers here and there but disclosure in presentation Q+A of 2 Bids for their Nutrition Division and that they are considering "in the not too distant future" a seperate listing for THG Nutrition.

These aren't orderly markets and the FCA seems totally unfit for purpose in its present form. Todays events here have to be right up its street you would think. It is no wonder UK Pension Funds invest everywhere but the UK.

It's got to be worth a £5k to £20k punt when the dust settles.

The update was actually better than a 42p fall from 109p just a couple of weeks prior and THG actually hit and improved on guidance and maintained it.

Yes a mixed bag of numbers accompanying it and definite big points missing from the RNS on strategy which Kelso have highlighted and which may have taken the share price the other way had they been included.

Still, we got to know about them in the presentation and all get the opportunity to participate - in that knowledge - at minus 20p levels.

That's it in a nutshell and I'm happy to let Kelso get on with extracting the extra Sum of parts valuation that THG clearly has and that being one way or another.

Wouldn't be surprised joseywales if you see about a 50% return on your recent purchase in short order and between now and Q3 update in October.

Mouldings comments on Thursday paved the way for improving numbers and there has to be a "strategy" update to come given Mouldings own comments about seperate listing for THG Nutrition "in the not too distant future" and Kelso's criticisms.

Thats imvho

Yorek

"“We’re proud to announce that the Science Based Targets Initiative (SBTi) has confirmed that THG’s sustainability targets align with the latest climate science, aimed at limiting global warming to 1.5°C above pre-industrial levels.

“THG has taken a significant stride forward as our net-zero targets have been officially validated by the SBTi. Two years ago, we signed a commitment letter with the SBTi stating that we would be aligning our climate mitigation targets with the latest science."

That's absolutely brilliant stuff.

Perhaps though as it is ESG related THG might find a more receptive audience and bring in more ESG aligned investors if, as Kelso have pointed out to them - they were to embrace the London market and get on with a premium listing to attract in tracker funds, many of whom look for strong ESG credentials in their investments.

Kelso won't let the "missings" from Thursday's RNS lie (2 unannounced Bids for THG nutrition at multiples of todays sp and premium listing) so Moulding and Co have to get something together pronto and by Q3 update in only a few weeks time imvho. Even better still if Sparta start singing from the same hymn sheet.

Saying nothing or doing nothing and bimbling along is not an option with Active Investors onboard. They are there to extract overlooked additional value and thats by hook or by crook.

Interesting comments on the price of oil and might be right, might be wrong about $100 oil. Personally I think it will trend lower.

Yesterday I actually took the opportunity to book several flights for next years summer holidays and have actually got several return flights for next summer to the same airport as this year with all the trimmings for virtually the same price as this year, give or take a pound or two. That's also buying outside the post Christmas sale period when air fares reduce further.

So there must be some pretty good hedging or pricing agreements going on with forward supply contracts, and to be fair there was ample opportunity during the summer months.

Lets see what the BoD have to say about all things TUI the imminent next update.

To see a couple of little sparks of life again given the recent upward moves in the FTSE100 and FTSE250.

It is starting to look appealing again.

Couldn't be done without giving you getting a proportionate or pro rata shareholding in both THG and the new listing and as the THG share price would rise to reflect fuller Sum of parts value then you should have an exit option along the way, or two exit options once the seperate listing was complete.

you need to forget the size of kelso's position as thg is their first investment on what will be a longer ahead and with compounding returns off each success and bigger and bigger stakes in the next and the next.

you need to concentrate on their status as active investors.

they are playing to win and with whatever levers they have at their disposal. something that you or i can't do. goold imho was completely the brains behind wat happened at revb.

look we can sit and **** mm or thg off til we are blue in the face (its been 3 full days) but it still doesn't take away from the fact that thg have fielded 2 recent bids for nutrition alone at multiples of today's share price. seperate listing "in the not too distant future then it will be worth similar multiples.

Share price recently over a £1 and heading in the right direction - Everybody happy.

Share price after Thursday - depressed again. Probably artificially so. Everybody not happy including Kelso and being specific... Comments in the presentation Q+A's re 2 recent Bids for Nutrition at multiples of todays share price... and lack of strategic update. If they are not happy then I would expect other II's to be similarly unhappy. Some say it suits MM. Maybe so, but I personally feel it is the opposite and it leaves him vulnerable and prone. CEO doesn't push the right buttons and numbers then there are plenty out there that can. Doesn't matter what your shareholding is.

Now under pressure to get the SP back up again or.......

Easiest way is to signal looking at strategic options for Nutrition / seperation and improve the numbers (which he has hinted at).

Criminally undervalued again.

Like I say - don't underestimate Kelso.

Here from slide 19 of their 9th June presentation is the "Armoury of Tools" they have to create change. Its available on their website.

Those invested in REVB know only too well that BOO (Where John Goold, Kelso's CEO is also a Non-Exec Director) made use of various aspects of these to ultimately get rid of BoB Holt, the then REVB CEO

"• 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"

Moulding himself will be only too aware what happened at REVB and he marked his own card in Thursday.

That's why I think that either before or by Q3 update there will be an announcement on seperate listing or a trade sale - of Nutrition

Haven't heard much about the other Active Investors here ,Sparta Capital Management, but I also suspect they are loitering in the background.