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You would think these sortes to try and pick up cheap shares will be ending with the RI closing?

Dried up and not attracting much volume imho.

2 Activists onboard because the market cap isn't anywhere close to the Sum of Parts and everybody can see that.

People simply waiting to see which rabbit or rabbits Matt Moulding pulls out the hat to entice other II's in and to accelerate a lift in the share price.

Tick tock against the Golden Share counting down.

Does look like in the background it has presented the opportunity for many to close.

Never thought I'd see these prices again.

Bank extensions should be a formality with the lions share of a €13Billion contract just signed.

Looking at todays volume, not many selling at all despite the drop in price. Repeat pattern with more staying onboard, holding and less selling. Buyer also evidently topping up sub 64p and thereabouts today.

Advantageous climate developing which just need Matt Moulding to light the fuse and drop a nice catalyst or two on the 18th as well as update the wider market on the absolute feast of news that has appeared on Linkedin during this last quarter:

What'll it be Matt?

Premium listing + date?
Divisional breakdowns to enable sum of parts?
Share buybacks?
Strategic options under consideration?

2 Activist Investors onboard and a countdown clock to Golden Share expiry both injecting a bit of urgency this time around.

I don't think you are the only one buying, be that either an II purchasing or someone closing a position and in such a way as not to let the price run away with itself. Most banks have rallied 10% plus since recent falls. MTRO still to catch up.

Brief resume of Q4. Back into profit and ahead of time.
"Profitable in Q4 2022 on an underlying basis Financials significantly improved year-on-year: Underlying revenue increased 31% NIM improved by 52bps Underlying costs reduced 3% Completed turnaround; 2023 is a transitional year Targeting mid-single digit RoTE by 2024 Resuming store expansion in the North of England."

Benefit of a further 3 x Quarter point rises in the base interest rate from 15th December courtesy of the Bank of England.

https://www.bankofengland.co.uk/news?Taxonomies=36308a372d1e44ee94e6b5915796c531&Taxonomies=bdad2410fe554128b9f7d680d1066e43&InfiniteScrolling=False&Direction=Latest

I am as chilled as they come moodyrich and have been ever since Kelso came onboard as the 1rst Active Investor.

Laid back horizontal since the Times broke the story of Franck Tuil and Sparta Capital Management also being on the shareholder register as a 2nd Active Investor.

Dividend pocketed and back to higher than it was when you bought.

No value now being attributed to this deal with in excess of £150M GMV being added yearly for 10 years. Come on Active Investors and bring forth the next bidders.

People might not like MM whining on about the LSE and how he regrets listing in the UK and it does get repetitive but you have to argue that he does have a valid point.

https://www.lse.co.uk/rns/THG/thg-ingenuity-announces-a-strategic-partnership-cubvs6rl6knaqkz.html

Kando THG is not in a net debt position it is actually in a net Cash position for at last reporting it could completely pay off its debt and still have cash in hand.

Point 3 from Kelso's 4 point share price recovery plan.

"3. Given, in our view that THG's share price is undervalued, we urge THG to consider a share buyback programme soon after the pending preliminary results announcement. We note that THG maintains the authority to buyback up to 10% of its outstanding shares. As stated in the January 2023 trading statement, THG has cash on hand at year end of c.£470 million, with £170 million undrawn revolving credit facility, net debt of c.£200 million, reducing to c.£160 million upon receipt of £40 million of proceeds from non-core freehold asset disposals in H1 2023. Tailwinds from recent whey and transportation cost reductions will further improve cash generation. We think such a buyback would demonstrate the board's confidence in the business."

Two other points.

1. If you actually take the Cash at hand off the Market Cap you are probably looking at half of the value of just one of the profitable Divisions
2. THG Beauty you omit but should also be profitable and will also have a Sum of Parts Value

Kando I prefer to live in the future and not live in the past and yes I am definitely looking forward to the 18th.

Things changed the minute Kelso came onboard as the first of 2 Active Investors. All can see it virtually daily in the continual newsflow including the Maximo contract just announced.

So much information now out there and not all of it on city desks yet!! (Institutions monitor RNS's and not Linkedin feeds). Ignore the change in mindset at your peril imho and if the changes don't happen quick enough, up pops a bid. Sparta's success is 4 out of 4 from investment to Bid appearing.

You can always sell up if you don't believe in that which you have invested in.

Some good points being made but I tend to agree that the 5.39p of last week was the low. Equivalent of 53.9p in old money.

Then the TUI statement of continued recovery momentum in the demand for Easter and holidays in general confounded a few trying to squeeze out the sale of Rights by weak holders with a sharp rebound.

Don't share the pessimism of those thinking there will be large rump. The Rights price was set so low as to virtually guarantee success and would have been done after sounding out the appetite off key shareholders. Lets them average down and plenty of scope over TERP for further profit.

Given that the UK has been virtually mirrors the US it looks like MTRO might also be benefiting from a further UK rise in interest rates.

https://www.thisismoney.co.uk/money/markets/article-11949973/US-set-hike-rates-despite-jobs-slowdown.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html

For once I'm actually looking forward to the update on the 18th. FY we largely know but its the 1st Quarters numbers and how much content that gets put in there.

First set of numbers with 2 sets of Active Investors breathing down MM's neck and an already published list of suggestions to resurrect the share price. Add in also Greg Feehely as Senior VP Investor Relations and his penchant for dealing with the sell side analysts.

Analyst Q+A should be an awkward or pressure scenario for Moulding you would think if doesn't heed all or some of Kelso's recommendations.

Then you have the Kelso Active Investor menu of options supplied in a friendly manner to get the share price back to where it should be as a Sum of Parts.

~Premium Listing asap with date provided
~Share buybacks. (Whey price and Decrease in Transportation Costs providing decent tailwinds highlighted)
~Strategic Review of Options to realise Value in a practicable timeframe to concentrate on cost reduction, efficiency and profitability. (NB: Announcement of ON DEMAND closing down advised since) Other options Split and relist, Nasdaq or dual listing, Reverse takeover of Kelso to assist etc etc
~Divisional Breakdowns on next update to include profit and losses and to enable Sum of Parts valuation
~RNS Reach to publicise achievements to wider City and Investment audience and to convince more to onboard.

All against that ticking clock of the Golden Share expiry in September.

So much to write about Mr Moulding and if ever there was the need to be hitting the market with a good Forward Statement it's probably about now.

Just done a quick recap of the enhanced newsflow that we have been receiving from Linkedin, Social Media and THG in the last couple of months. Been a very busy 1st quarter.

~ MyProtein frozen meals range into Iceland. Updated 1 Million meals sold. Further expanded 27/3 with Chicken Curry and Meat Feast Pizza. Protein ice-cream and desserts awaited.Confirmed that this 5 year deal exclusive to Iceland covers only those territories where Iceland operate and will look for further such expansion where they don't have geographic coverage.
~ MyProtein Pop-ups sighted in Asda.
~ Recruitment of highly regarded Senior VP Investor Relations in Greg Feehely.
~ MyProtein into two large German supermaket chains, each equivalent size to Tesco's. Edeka and RWE.
~ Autostore licensing deal re software to enable "Pay per pick" in Fulfilment centres. Fee per pick, and or licensing fee presumed.
~ Expansion into India with GoatLab Brands Direct to Consumer tie up
~ MyProtein Vending machine expansion into Pure Gym fitness centres. UK and Middle East thus far.
~ MyProtein into Valli Forecourts. Leeds based BP and Shell Service stations.
~ Detailed explanation and understanding of ESPA, THG's luxury healthcare brand from Product design and manufacture onto THG Beauty websites and right through to the designing of Luxury ESPA Spa's with the most recent highlighted.
~ Awaiting news on the New Jersey (New York) fulfilment centre opening (so about now) THG Exec alluded to just finished the software a couple of weeks back and onwards to Kentucky.

~ Kelso onboard as Active Investor. Further Increased stake yesterday. Raising a further £3M. Awaiting news.

~ Franck Tuil and Sparta Capital Mgt, feared Activist Investors also reputedly onboard. The Times have him on the share register.

~Further expansion into Portugal, Spain and Denmark for MyProtein snacks drinks and Clear Whey in El Corte Ingles, Continente, Costco Spain, Foetex and Bilka.

~ Matalan now live on THG Ingenuity.

~ Large deal just signed with Maximo putting in excess of £150M GMV through THG Ingenuity through the AllBeauty and FragranceDirect brands.

Whilst they all scratch their heads and try and shuffle deckchairs to try and find a solution perhaps what may have more success is a properly resourced FCA that rather than turning a blind eye, can actually target insider dealing and blatant market abuse and manipulation.

That's just one of many reasons why Tech companies like ARM (with SoftBank behind it) are taking their business elsewhere.

The postal strikes were timed with intensity for maximum impact around key dates and particularly the immediate run up to Xmas and it was that which caused large backlogs at sorting offices and associated uncertainty. That being in the UK only.

Fortunately the intensity from back then has diminished and it certainly hasn't stopped Matalan and Maximo (Allbeauty and FrangranceDirect) both signing up to utilise the services of THG Ingenuity in the last 2 weeks.

Showing as relatively stable for the week on the same downtrend. Significantly down on 1 year ago and approx 25% down on the price of renting a 40ft container on 1st December. In this case the trend being our friend.

https://www.drewry.co.uk/supply-chain-advisors/supply-chain-expertise/world-container-index-assessed-by-drewry

Hotel Chocolate / My protein Egg. Sold out.

https://www.myprotein.com/sports-nutrition/hotel-chocolat-easter-egg/13407860.html

Wouldn't mind trying these myself if I can find some. MyProtein Easter Egg Protein bar.

https://uk.linkedin.com/company/myprotein?trk=organization_guest_main-feed-card_feed-actor-name