Member Info for onsolidground

I wouldn't goad the shorts for there are a lot of them on this stock, and they will back and forth the price in packs till they get what they want to close.

Like now.

You are best to pay them respect for they create prices that are unbelievably cheap.

They'll play games to pick up your shares but it's a pretty neat deal. Nice replacement for the part of Kroger lost

Fantatsic news.

Should surpass £3.00 again in the coming days.

Shaun170284.

This Manifold chap actually sounds like the type of person THG actually needs, to question things, critically review and to challenge costs and expenditure. I.e. In overall charge.

100notout, if you have ever invested in any share waiting for a Government decision then unfortunately in this country they are notoriously slow and prone to slippage. So don't be surprised if it overruns. Not M, or THG's fault in that case

Stupid spread this morning to deter buyers and probably trying to feed shorters shares.

They don't seem even remotely deterred Dalem2Uk.

Looks like they were active again this afternoon working the price back down again.

Nanoco just announced this morning that they are delisting. So the trend continues.

As an observation it is a virtual certaintly that each and every company that announces an intention to delist, sees an almost instantanoeus 50% fall in its share price.

That's when the low share price was probably one of the reasons for delisting.

Everything here just seems all too cosy. Something seriously needs to change here to get us out of this perpetual rut.

You just pipped me to it samb69 as I was scribinga fuller post.

BP have ousted their Chairman this morning when he received an 81.8% re-election vote.

And the THG Chairman, Lord Allen of Kensington received less, 80.21% of the vote for his re-election at last years AGM.

https://www.cnbc.com/2026/05/26/bp-chair-albert-manifold-removed-conduct-governance-issues.html

https://www.lse.co.uk/rns/THG/result-of-agm-c58zex919ozuswv.html

Bad timing perhaps on the accounting "oversight" when compared with the dire share price performance over this last year.

Might we see some changes post AGM voting results?

The question you should be asking 100notout is should it have ever been an oversight in the first place given the weight of accounting experience on the THG and Ingenuity Board, plus the advice paid for at the time of the demerger.

My comments were also aimed at the term "routine oversight". If just a slip up then why not just come clean and fully inform your shareholders. Then to ask shareholders in the same breath as not explaining things fully to "waive claims" seems bizarre.

If it is as you think then fine and vote vote in favour of the resolutions. You probably voted 2 years ago to keep the Chairman and most of the Board in post when Kelso challenged , and look where we are now in terms of the share price and still no profit or dividends.

Personally with all that has gone on here I prefer to have an enquiring and open mind. That starts with the question Why?

Then why are people being asked to "waive claims" ?

Wasn't Matt Maoulding an accountant. Wasn't Jon Gallemore, the President at Ingenuity an accountant, Both at Jon Caldwells old group. Then you have Damien Saunders as the CFO and doesn't he have a deputy also. Presumably both full accounting backgrounds also. 100notout. Advisors advise, one or more of the Board decides and signs it off.

For balance I think maybe wrong terminology has been used in the article. An oversight is an oversight. To suggest it is a routine oversight in trying to down play it may be indavertently suggesting oversights are routine. Just my thoughts.

Why not just have come clean on the full thing instead of nobody at THG was willing to comment.

I for one would like to know fully what I am being asked to vote on.

There has to be more to it than that 100notout if reference shareholders they are trying to get people to "waive claims"

Does this paragraph not suggest that they may have done something outside the Companies Act?

"The Notice also contains a special resolution to approve a procedural rectification regarding the Ingenuity Distribution1 to Electing Shareholders on 2 January 2025, which will, if passed, ratify the Ingenuity Distribution and give the Board authority to enter into the Directors' Deed of Release and the Electing Shareholders' Deed of Release (together the "Deeds of Release") and restore all relevant parties to the position they were intended to be in had the Ingenuity Distribution been made in accordance with the requirements of the Companies Act.

Just to throw up another possibility, weren't they meant to buy back all the Deferred 1 shares at some point after 2/1/26 and then cancel them. I'm not sure that has happened yet which I must admit I'd forgotten about. I looked at the TVR's and didn't think it had. Can anyone confirm if this has happened?

People surely shouldn't be guessing on this or worse being asked to vote on something without knowing the full facts.

We are now into the 3rd day after the Friday morning AGM RNS and still not one person can definitively tell us what this is all about. Essentially people are being kept in the dark like mushrooms and asked to vote on several additional and unexpected resolutions. What actually does that say about the THG and how it treats it's investors. Has anyone enquired with Investor Relations or direct to any Board members, and got any response?

Board members are paid for competence and their experience and strategic vision and are meant to be all seeing, all knowing and all doing, and even if advised, one or more is ultimately responsible for making the decision. Advisors, advise. One or more of the Board decides and signs it off.

It is because of this complete lack of transparency that people are deeply mistrusting.

If I were to hazard a guess, and it would be just that, I'd say they have been hit with a legal letter / legal challenge and that has forced them to act. I could take a good guess who.

The thing is, has it cost people money in terms of the diminished share price or the opportunity cost for their money, sufficient for the mention of a "waiver of claims against the Directors". Rothschilds by the way in advising are acting for THG and it's Directors, and not for shareholders is my take on this.

I still think that between now and the AGM, the Times or the FT, or another will spill the beans so I wouldn't be rushing into any early voting just yet.

Imvho and dyor.

The market seems unconvinced, maybe even confused by the RNS hence to real moves either way.

I'm hoping someone at the Times or the Financial Times does some onvestigative journalism and deciphers what it means for everyone.

You might be right Pearls in that they could trying to cut something off at the pass. It does seem a really strange one.

Wasn't there an interview or written explanation back at the time of the demerger stating that there would be a temporary discount in the share price, but that it would then work its way back when the demerger was complete. But it never happened. Then there were substantial writedowns re 1 hotel and the Williams deal pushed back onto THG, never mentioned prior, and a substantial stock writedown also of about £65M that the FT highlighted in the small print of the first set of accounts thereafter. Again not to my knowledge mentioned at the time.

Could it be that somebody that took part in the placings has got umbridge?

Could really do with further clarity on the reasoning and intention behind it. Not seeing any press articles either as of yet that would help decipher what is being said. Where's Kelso's comments when you need them?

Reads like some accounting trickery which shouldn't really need to be done given the supposed VAT Refund

I'll wait for the press to decipher or a plain English linkedin post.

This really is when you need a good Investor Relations department to be answering questions.

Paltry volume yesterday and followed today with similar small trickles, and then we make it a half point spread between buying and selling just to further deter any buying or selling.

Weird, or what !!

This must be close to an all time low for the daily traded volume in THG

Only 1.22 Million for the day, including the Uncrossing trade.

Can't wait for any pre-AGM closing

1pencil you're logic is correct if it were only the 2%, but we had similar "showing" cumulative short positions previously, and then some got told at the AGM by MM that 26% of the stock was being shorted. So what you are seeing, to be this low, is probably only the tip of the iceberg. I guess you need someone with a Bloomberg terminal for fuller details, or you wait to July for the thresholds to change to 0.2%.

So why, the same people in charge, same revenue growth strategy over profit and virtually nothing in this for anyone to invest. No profit, No Buybacks, No dividends. No Investor Relations replies even. The only carrot really is the undervalue of the business, but it is going to need a change to realise this.

As it is there really is nothing to deter short positions. Is this really and truly so difficult to see.

But some of those don't risk it for a biscuit and limit or redice their positions and exposure on the run up to any updates.

If true to form with previous years then there should be an AGM update