Member Info for onsolidground

Nice to see that they have also sorted out the banking and it looks like reinstatement directly after accounts published.

BDO have always been understaffed throughout and I posted on this. How much of the delay has actually been down to them and how long before they are replaced?

If Kelso are correct with the several of the headwinds now turning into tailwinds (Whey price reduction have been significant and noted and commented on and transportation costs have been falling (containers + fuel costs) then those now turn into tailwinds.

That plus the financial headroom then it could be argued that a £50M share buyback could be easily initiated.

Imagine these things all at once or in any combination.

Decent April update on numbers and moving to breakeven,
Divi breakdown showing 2 of the sum of parts as highly profitable
Inclusion of the recent Linkedin activities PLUS New Jersey going live for THG Ingenuity,
£50M share buy back announced
Date for Premium Listing.
Confirmation of Golden Share expiring in September.

dyor

If MM gets this right come April update then I suspect you might see 1 or 2 of those gaps being instantly filled.

Kelso have given them a friendly to do list and the potential is there for a pretty big squeeze.

Just my personal view

Just to add,

I'm actually really looking forward to the April update and with further content inclusions on recent Linkedin updates, and those reaching far and wider City and International desks.

Its rare that Retail PI's get insight through Linkedin before Institutions. Keep that research ongoing.

What used to be an easy caning of the share price to mug Retail PI's by shorts has been having an extremely limited if not nil effect in recent weeks with no selling and creating a perfect storm for buybacks and for when bigger buyers start appearing as a lot of these shares are in sticky hands.

Share price rises accordingly or next capital event please with 2 Active Investors who have the clout to make it happen.

Fair play to Kelso for a) they have visited the site on and invite and what appears to be a friendly basis and issued a comprehensive list of readily achievable improvements, and b) are backing it themselves with a further investment.

Premium listing. Go for it and publish a date.

Consider Strategic Options citing Liberiums 225p Broker price

Share Buyback - and they note Whey price reduction and cost of transport (shipping containers) reductions to help.

RNS - Reach - The very thing that I pointed out and started a thread on. Lindedin is great for Retail PI's and that is why none are now selling. But RNS Reach pings up on Institutional Investor desks other than Kelso and Sparta.

Looks like Betaville are very well informed on THG and virtually all those things are why I am invested here for much bigger returns.

That plus the Golden Share being on a closing gap. One month less again tomorrow. Matt and Co needs to get the share price up or it will be taken over.

They have effectively got 2 sets of highly experienced Management consultants in Kelso and Sparta - for free.

So though have Private Equity when they are publishing it in an RNS.

Good update off them yesterday, particularly on footfall.

dyor.

I'd say Metro Bank is probably one of the best positioned of all the banks going for making money from the numerous recent increases in interest rates as the way their mortgage book is split they have a significantly high proportion of people on fixed rate deals with a lot of time left to run on them (circa just under 2 years) so in my view Nil or limited risk of default on them. Inflation also, at the time of the budget, was forecast to drop significantly to sub 3% at year in any case and well within that time frame.

Here is what Metro Bank stated in its statement in its 2nd November uodate.

" 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%."

With that kind of spread of risk and headroom then I personally doubt you will see any significant defaults. Rate rises therefore feeding to the bottom line.

Probably unwarranted falls and the opportunity for some to close positions.

Dyor.

Definitely the right step for THG to. Beauty + Nutrition are gems worth many multiples of todays Mkt cap alone.

Will be particularly interested in how REVB's last quarters have fared.

https://www.thisismoney.co.uk/money/markets/article-11912555/Record-beauty-sales-provide-boost-Boots-shoppers-splash-out.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html

MM "Trust me Iain, we learn plenty from you so make sure you buckle up for the next 13 years with us please ??
Looks like we're in for long haul guys :

Will be in different hands by Xmas if they don't pull the stops out and get the share price up.

Golden share ticking down all the time and another month just about to elapse over the weekend.

Interesting. Hopefully both Activist Investors came up as a topic and what immediate improvements can be made to improve the share price prior to what I believe will be inevitable bids.

Our Buyer (Sparta in my view) reappeared this afternoon with what I believe was a 380k buy and then steady intervention thereafter.

Silverlight you don't go to 25% in a company without some serious intent. They sell REVB products through their websites so will know how it trades for them. Would give them some necessary and imv highly profitable diversification.

Personally I am not bothered either way if Boohoo do cross the 30% threshold for if not I have been very happy with the way Bob Holt and Elizabeth Lake have performed to date and think in any case they will resurrect the share price to a much higher level.

The Times are pretty certain boyo.

SttB it certainly hasn't put Kelso or Sparta off investing in THG. Sum of parts are worth far in excess of todays market cap.

It is those Active Investor funds who will drive the changes, already being seen with far better communication and information and Matt going airmiles, and the next Bid. Sparta's success rate is 4 out of 4. This should be 5 out of 5.

Somethings brewing

Eyeing this one up to buy in again and each time I am just about to do it it falls lowers still

Any idea where the floor on this one is?

Verdict: Split decision.

Really enjoyed them both.

Curry Pizza: Not too spicy and tasty. 10/10 for having the audacity to make a curry pizza. I love spicy food and it works.

Meat Feast: Complete contrast. Laden with moist and succulent meat and its own unique flavour.

Will be adding again to the next MP shop at Iceland.

Couldn't agree more Hosai and Warpaint haven't got Boohoo breathing down their neck having accumulated a 25% stake.

Rock8 the Closing Auction number represents a matched BUY and a sell together. Yes someone may have tried to dump stock into the market but there was someone in the background willing to pick it up (Sparta imho)

Got my quota. Definitely in store and will give them a bash tonight.

My local Iceland had initially set out 2 tramlines for pizza which they have now reduced to one with both side by side. Only one that I saw missing was the 3 bean wrap. All other that I could see were all present just and some of the other wraps on their side.

If they had fully stocked the pizza tramline this morning then they were already half gone when I got there.

Over to Iceland, social media, influencers and word of mouth.

I'm just about to set off into town to pick up 4 so will let you know.