Member Info for onsolidground

Seem to have started embarking on comms again today

https://simpleflying.com/tui-uk-summer-2024-growth/

https://bdaily.co.uk/articles/2023/04/24/tui-launches-biggest-ever-summer-programme-from-newcastle-international-airport

Then the next RNS you would wish to see is a "we are now in possession of a detailed bid proposal from Apollo at XXXp (Add your own steep premium). This we are studying.

Thereby out come the "steep premium" price for all to see and it also gives KLSO and Franck Tuil at Sparta Capital Management time to digest and comment, and or attract in other bidders.

It is highly rare that you accept the first offer. Less so with 2 Active Investors on your side.

That its less than 53p in old money with the Rights issue out the way, debts significantly reduced in consequence and a vibrant industry.

Interim stepping stone to TERP has to be the over £6.00 that it recently hit when TUI announced its Easter numbers and strong demand heading into summer.

People sense "steep premium" is a lot higher than here (off the 66-69.5p ramge prior) so no real PI selling and with people like BGK acquiring.

If people want to throw shares away right to suppress the price then good luck to them.

If serious about exiting then you would think they would be better focussed on simply picking up what they can at the price in front of them.

Things seem to have moved on quickly from "highly preliminary" to "detailed discussions" and "steep premium!"

Looks like a complete non-event and what has been a great opportunity to top up.

Should easily get back to TERP you would think what with Easyjet and jet2's recent updates and upgrades to guidance.

"detailed talks" and "steep premium"

Means just that.

Personally I'll be surprised if it doesn't head comfortably into treble figures and start a new range.

BGK's 2.86% only adds to the attraction now as does City Spy's weekend posts (and why did he pull the one pertaining to "bids"

Hold for gold imvho

"Steep premium" is a lot more than 33%.

Chill and relax whilst others keep building and declaring their stakes, and a lot of short positions have to close.

What was previously a "highly preliminary and non-binding indicative proposal" looks primed to transform into not just a bid, but a "steep premium" bid at that.

Was trading in the 66p to 69.5p range just prior to the bid so where we are now is for me a "modest" premium

I think the other thing that also needs to be factored in are that there have been many sceptics stating it won't lead to a bid. Sky seem well informed that there is a formal offer about to be made and at a significant premium to the sp prior to the bid.

Everybody can probably make their own mind up and things are only just starting

Should be an interesting day tomorrow what with Brian George Kennedy just having taken 2.86% of THG

"City sources said Apollo Global Management was in detailed talks about an offer for the Manchester-based company that would be at a steep premium to its share price before the approach was disclosed but a huge discount to its 500p float price in 2020."

https://www.msn.com/en-gb/money/news/thg-searches-farr-for-new-director-as-apollo-bid-looms/ar-AA1aeb7P

Time to sit tight and let Shorts try to exit before the announcement.

Things now starting to leak, little by little.

Should have a decent positive impact on the share price Manc_39 as BGK's newly declared shareholding of 37,248,000 shares and 2.86% amounts to virtually the full total of visible shorts over the 0.5% threshold. Newly declared and that free float is diminishing by the day.

That's a lengthy write up by the Sunday Times and a reasonable portrayal of all the actors in this bid playing out.

I think even they between the lines are surmising that if the right deal is made, not a debt and funding the expansion and vision then this time Moulding will be of mind to take it private.

Thankfully both Sparta and Kelso are there as shareholders themselves and fighting the corner of attaining best value. Kelso trying to get the value of Nutrition fully reflected in any offer and Sparta saying double might not tempt enough.

Perhaps 150p as a starting point for me and then a number of improved back and forths just like at Wood Group.

The headline "Matt Moulding eyes an end to THG's miserable life on the markets." and article content combined together with his "Pond scum" linkedin post say its going private if the right buttons are pushed.

Never underestimate the conversations that might have been had at the Hale Country Club and Spa, over a round of golf or two at the hale Golf Club or at the top restaurants and social events where key individuals mix business with pleasure.

Morning Marlin03,

Likely they were building a stake rather than Sparta?

The Times had Sparta on the share register so BGK's stake is over and above that.

Probably realised he had slipped up in mentioning "bids"

"and the bids"

Bids?

Office can't be more than a stones throw away from the Hale Country Club and Spa.

Did well to accumulate 37,248,000 shares or 2.86% completely under the radar.

Sets up next week nicely.

https://duckduckgo.com/?q=hale+country+club+%2B+location&atb=v320-1&t=chromentp&ia=web&iaxm=places

https://find-and-update.company-information.service.gov.uk/company/12355522/officers