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taken down to the point to take out weak sellers wishing to sell their rights and to where volume levels were nearly non existent and trading had dried up. Rebound it.

TERP is the other side of £7.00 so very naughty, but it provided a further top up opportunity yesterday for those with funds.

Probably £20k ISA allowances buying today.

The partnership with Maximo is great news as it adds many mainstream and less high end beauty brands to the THG repertoire. I have used both to purchase fragrances in the past. Hopefully its on a "pay per pick basis"

Excellent news and the THG Studio staff can get to work with their photography for the new THG Ingenuity website.

""We are proud to announce our partnership with Maximo. This represents the early fruits of our focus on larger enterprise customers and underlines our position as the online partner of choice for the prestige beauty industry. I am delighted with the progress of our refocused sales team, with our pipeline continuing to build momentum..."

Never a dull moment these days at THG and well done if you fully held yesterday and used the opportunity to top up this morning.

Thanks for the clarity Oke.

The point I was making is that it shouldn't have come as the surprise that some are making it out to be. The closure of loss making divisions had already been flagged and the decisions made.

Hopefully those at risk of losing their jobs have transferable skills and the Studio's space can be meaningfully repurposed.

Usual overreaction @THG.

Looks like another or the same entity who has taken advantage of the dip.

Separate trade after the Uncrossing trade amounting to £425,156.

Apr 5, 2023 16:36:58 64.86p 655,498 £425,156.00

This shouldn't come as any surprise really as it is part of the £100M cost cutting and targeted savings through closure of loss-making parts of the business that were mentioned in January alongside the 2000 jobs that haven't been replaced.

Here's 3 hooks from that statement

• Simplification of the Group leading to a strategic review of loss-making categories and territories within the THG OnDemand division, underpinning FY 2023 profitability improvements.

• the proactive decision to discontinue a proportion of loss-making OnDemand sales, primarily across international markets, using the peak trading period to reduce residual inventory impacting revenue and profitability;

• While the decision to discontinue certain trading activities has occurred already, the full outcome of the review will complete in H1 2023.

Surprised at the fall into the close given the overall volume traded and that 1M share trade which I had as a buy.

Blessing in disguise though as its a new ISA year tomorrow and a cheaper entry price for KLSO's next £3M should they wish.

£660K in a one-er.

2023-04-05 15:26:34 66.0103 1,000,000 £660,103

It has to be RNS'd. Chill

Means announcement not far off.

with no real accompanying volume.

I'd say buyers market if you have funds and are buying in stages.

About 30% under TERP and we are into a new ISA year tomorrow with a new £20K Isa allowance.

Sub £1.00 for a Bank back in profit earlier than expected and whose bottom line should benefit directly from increased interest rates looks like value again.

I don't think you will find many with such a healthy mortgage book.

" The Bank is appropriately positioned, with a loan to deposit ratio of 78% and 55% of the loan portfolio being Residential mortgages. Over 90% of the Retail mortgage portfolio is fixed, with an average repricing duration of 2.1 years, and the average DTV of 56% remains stable. In aggregate only 5% of Retail mortgages now have a DTV of over 80%."

Imvho

Sadly when the Golden Share expires in September if you don't have the share price back to a highly decent level then it won't matter how well meaning, philanthropic or altruistic Matt Moulding is for Private Equity will come knocking at the door.

4 whole months to go wait if it doesn't kick off before then.

Its quite clear from the vastly improved newsflow that the penny has dropped.

Been served a menu of options by Kelso and all the work done for him.

All he needs to do is choose which of rabbits.....

We are now in April so May, June, July and August then to go and then the Golden Share expires in September.

So which Rabbit or rabbits will you be picking out the hat Matt to get the THG share price significantly higher.

~Premium Listing asap with date provided
~Share buybacks. (Whey price and Decrease in Transportation Costs providing decent tailwinds to assist
~Strategic Review of Options to realise Value in a practicable timeframe. Split and relist, Nasdaq or dual listing, Reverse takeover of Kelso to assist etc etc
~Divisional Breakdowns on next update to show Sum of Parts
~Whale announcements
~RNS Reach to publicise achievements to wider City and Investment audience and to convince more to onboard.

Resting on your laurels isn't an option what with 2 well connected Active Investors breathing down your neck and each more than capable of engineering that "Under Offer" sign for individual parts or the whole of the business.

All against a closing gap of the Golden Share expiring.

Only works if you are picking up shares as a results of short selling.

Volume thus far says retail PI's, sticky II's and Active Investors are sitting tight.

Far too much going on and the steady flow of good news now keeps building on top of the last.

New Jersey fulfilment centre opening should be next on the cards. Its about that time .

Might give it a try to see what the service is like.

Last time I ordered something online at Matalan on the run up to Xmas for Click Collect in store pickup on completing the order the website stated it would be 5 to 7 days. If you are competing with the likes of Next with 1 or 2 day delivery to store for Click Collect you need to be more efficient and speedier.

Step in the right direction for both Matalan and THG and I believe about 24% or thereabouts of Matalan's sales are online.

Just as an aside picked up the weekly MyProtein batch of ready meals yesterday and the Chicken Curry and Meat Feast Pizzas were down to the last 2 of each in the freezer so selling and the Peppered Kebabs were sold out. Managed to get the other Seasoned Kebabs although not many left of them. Hopefully continually restocking.

After yesterdays rogue and opportunistic broker note. Jeffery was probably sat bagging and tagging all the low hanging fruit. Seriously PFC have just signed the biggest contract in its history. Probably the lions share of €13 Billion and thats not to mention the further pipeline of bids they are after.

Under Offer imvho

"· THG Ingenuity gaining momentum following the pivot to focus on higher value and higher margin contracts, with further major contracts close to agreement, building upon the recent expansion of the Matalan strategic partnership."

Excellent research dafad and the stars seem to be aligning nicely for the £1Bill GMV being added to THG Ingenuity this year.

"Matalan X THG is officially live! ??

Over the past 18 months, teams across the business have worked tirelessly with THG to transform our ecom customer offering. And we are proud to announce that our digital platform officially launched on Saturday, bringing a brand new website and app to our Matalan customers.??

The launch of our partnership with THG is a great day for the Matalan family and our customers. A huge congratulations and thank you to the entire project team involved for their continued hard work on the launch.??

Well deserved celebrations have also been well underway across the business this week! "

https://www.linkedin.com/posts/matalan_moretoloveatmatalan-activity-7049054790814715905-YAhX

Today market makers were imo using and widening the spread downwards to try and tempt in RI rights sellers and short sellers to back it. At so far under TERP I'd say they have one or more buyers as the industry itself has and is recovering well.

I use EZJ as a point of reference and its gone up 10% to 15% recently.

Won't be the first or the last share with an RI to be manipulated in this manner. Only for it to recover to TERP and better when the dust settles.

The truth is nobody knows. Tight ship with trusted lieutenants.

Equally as important if not more importantly though this time around, with 2 Activist Investors looming is what actions MM and the Board will take to rebuild the clear and evident gap in the share price. Kelso's recent RNS listed at least 4.

Premium Listing asap
Share buybacks. Believes the Decrease in the Whey price and Decrease in Transportation Costs are tailwinds to help
Review Strategic Options to realise Value in a practicable timerame
Divisional Breakdowns to show Sum of Parts
Use RNS Reach to publicise achievements to wider Investment audiences.

My own interpretation of today is Buyer at this point didn't wish the sp over 70p just yet. Coincided with the LOreal takeover news. Let it fall back a bit but I thought still there with flickers of buying towards the close.

Etailer yes through Lookfantastic and Cult Beauty etc but THG has many distinct own brands which it is expanding:

Espa,
Christophe Robin,
Dermstore,
Illamasqua,
Perricone MD

All higher end.