Member Info for onsolidground

I don't buy that theory Okehurst1.

Ashley will not be voting with MM, he will be voting for himself and in his companies interest. If that coincides with MM then so be it but I personally do not think he will be happy with his placing shares at 49p being worth half that.

THG needs change, and fast and I honestly want him to push for a seat on the Board and to challenge things.

ThetaDecay

Tot them up and they are small fractions compared to MA's increased holding.

You can't vote with a short position. Nor can you attend the AGM

Mike Ashley is here to make good money pure and simple, and the excellent dynamic is that he does not hold back if he spies underperformance. Great to have him increasing his voting power pre-AGM.

Initial intentions may be friendly enough but cutting to the chase he can be as Activist an Investor as they come. Brutal in his criticism and public with it as well. Having done the Chairman's role in various companies himself and knowing the requirements he cannot be enamoured with THG's Chairman in the slightest.

Furthermore he has just shown the last few days that he can raise the price at will, when he wishes.

I like the developments and am looking forward to things heating up.

Steven get yourself along to Specsavers.

There were 3 clear positives. Reduction in Debt, A nice Dividend and 3 high profile new clients in General Motors, TMobile and Amazon.

Games today to be dropping the share price more than the 3.77% ex-Dividend.

I pointed out this had been a neglected sector around 266p

Slow and steady wins the race.

Was fortunate enough to sell this one around 262p.

Will monitor and probably buy back in when the dust has settled.

Good point Ephemeral,

I think it's 12% to request a seat on the Board.

I think you might be right there ggg21 about another TR1 as there was heavy buying on the 3rd which is the date the threshold was crossed, but also heavy buying all day yesterday up to the FTSE250 deadline.

He's pretty shrewd not only with Frasers Group buy-ins but also how he does business through MASH Holdings and using Derivatives and CFD's.

I've mentioned this before. From November 24

"Frasers Group PLC - Shirebrook, England-based owner of the Sports Direct, Frasers and Flannels retail chains - Founder and 73% shareholder Mike Ashley pledges 26.6 million Frasers shares, a 5.9% stake and worth about GBP200 million, to HSBC Private Bank as security for a derivatives trading facility."

Risk reward off an All Time Low with Ashley now stirring the pot again seems good imvho.

Deep pockets, So further stakebuilding or an Outright Bid for Part or Full of THG. Importantly, the Confidence, Ability and Track Record to challenge underperforming Boards of Directors. Lesser case scenario, also the possibility to incorporate or feed greater partnership working THG's way prior to any AGM Trading Update.

You're correct. My bad !!

24.65p UT.

I suspect if they could make the share price go up to 28p a couple of days back then they can do the same again.

Maverick Mike, what are you plotting?

So many permutations spring to mind whilst the share price is so low.

Does he throw down the guantlet and lay a challenge against MM, TGL, or both?

Does he offer up his own CLN for a large chunk of THG, without moving the share price much?

Does he align with Kelso's position last year on the voting?

Does he back another Selkirk Bid with greater cash?

Never a dull day @THG. Should be made into a soap opera one day.

Absolutely no way MM would be able to Pacman defence against Ashley.

The million dollar question is Will he shake the tree? or are his intentions for now friendly?

1pencil called it and I seconded it.

That probably accounts for the volume move on the run up to the FTSE250 cut-off date and now up to 12.6%.

Interesting dynamic now for sure with Ashleys mob having bought themselves another 1% voting power. Must have missed remaining in the FTSE250 by a whisker.

Will he throw his weight now against the re-election of any of the Board. (He really can't be enamoured with TGL, having been a Chairman himself in many guises - SPD, Newcastle United, and looking at the share price...) Will he vote against the CLN, and could he offer it up himself?

Mover123

Just another thing with the Selkirk bid being bounced that really intrigues me. Item 4

"Unfortunately, after consideration by the board of THG, the Offer was rejected based on (i) valuation, (ii) proposed structure of the offer (iii) the deliverability of the offer and (iv) a lack of certainty that a newly listed MyProtein would have sufficient stock market trading liquidity . Whilst we respectfully disagree with the conclusions, we would like to thank the board of THG and their advisers for their time and efforts in considering our proposal.

"(iv) a lack of certainty that a newly listed MyProtein would have sufficient stock market trading liquidity."

Yet this same Board sanctioned the taking private of THG Ingenuity for £25M and listing it on JP Jenkins, a completely illiquid matched bargain trading facility where if memory serves me correctly they match bargains once a week.`Whilst MM loaded up to become the majority significant shareholder.

A resultant Selkirk reverse takeover at £600M in one fail swoop would have given Nutrition a £600 market cap and actually made it a virtual certainty for FTSE250 inclusion in due course.

Just how I see things.

Don't rule Selkirk out for an improved offer once the CLN is in the bag. Here's what they said in response to the THG knock back.

"Where we are completely aligned with the board of THG is in its conclusion that MyProtein is a world class brand with tremendous growth prospects, but which is currently dramatically undervalued by the UK market. Whilst Selkirk is no longer in any form of discussions with THG, we reserve the right to reconsider this in future should there be a change in circumstances."

That's why I think Kelso are quiet pre-AGM and as always, in business, rule nothing out.

In the meantime somebody seriously needs to tap MM on the shoulder and either spell it out to him or tell him direct at the AGM - that his continued presence as the THG CEO and on the THG is seriously detrimental to the long tern interests of THG shareholders. Isn't that supposed to be the Chairmans role?

To some its all a game...

These 4 companies are set for demoted from the FTSE250 on the 23rd June.

Market reaction to all 4 at time of writing.

Ferrexpo. - Down 0.31%

Mobico. - Down 3.23%

Bellevue Healthcare Trust. - Down 0.22%

THG. - Down 7.77% (and following on from a near 10% drop yesterday)

I guess that's why he has had to hire in a security detail for him and all his family hopeclothing (if it's still current), although admittedly I don't think we ever got the reason for that.

Shamelessly still in post after overseeing one of the biggest value destructions in any share in history and now trying to buy it back in pieces when it is dirt cheap and clearly undervalued.

Wouldn't it be funny if Selkirk approached again with an improved offer to take Nutrition private, after the AGM and if a certain CLN gets approved.

Staging a recovery?

Given it was fully covered by insurance.