Member Info for onsolidground

Donald J Trump

"On his Truth Social account, he said: 'There was no reason for Putin to be shooting missiles into civilian areas, cities and towns over the last few days. It makes me think that maybe he doesn't want to stop the war, he's just tapping me along, and has to be dealt with differently, through 'Banking' or 'Secondary Sanctions?' Too many people are dying!'

Shabz, nobody is gloating at someone else's losses. However there will be many on here who find a certain karma in the fact that someone who doesn't hold shares in THG visits a bulletin board routinely on any downtrend to deramp and rubbish a share, whilst previously ramping Mobico and trying to get others to switch onto it.

Genuinely sorry for anyone who did lose out there and hopefully they make their money back.

I have had them on Filter for ages so best of luck to them.

Have a good weekend.

It does seem to be a relentless dump of stock at any cost. Not unsurprising really given the CEO has just announced she is jumping ship.

I'm watching for the point to buy back some I sold but will I'll probably wait for events to unfold and things to become a bit clearer and perhaps after a replacement is in post and has conducted a review.

I'd maybe put that ceasefire offer on hold after whats just happened in Moscow to a general today.

Worst night of drone strikes in recent years off one side into Ukraine killing and injuring many people and now this.

It needs to come to an end and soon but these tit for tat killings are helping nobody.

If they still post on here. Looks like their beloved Mobico has just about cratered in half today as we speak after a sale disappointed and it was accompanied by a raft of write-offs. Go easy on them if they are still posting on here.

dyor.

"We all know SP is a nonsense the extremely low SP does seem like the big are squeezing those on margin hard CFD etc. On IG it says 99% are long THG last 3 months imagine paying the daily charge on that having bought in say 38p thinking that’s the bottom only to find yourself 30% down! They can see all of this and water boarding all those pi on margin it’s Classic pain creating capitulation them once damage is done Up we Go… IMO"

Anacott there has been no orderly market in this share since the Capital markets Day and all the Numis shenanigans. You quote those buying at 38p. What of those at the previous placing price? All you have had on THG imo is a bunch of market makers and shorters constantly taking away and never giving back. Not helped I hasten to add by constant non-delivery and just point blank rejection of bids.

Now the recent bid of £400M to £600M, believable or not, is one example.

But let me give you another such example of the same. Liberation Day when Donald J Trump imposed tariffs on many countries across the world and something that collapsed markets and many share prices particularly banks, financials, oil and consumer goods, including THG

The day before the THG share price was 32.32p and many pointed out THG had it's own production facilities in the US.

But now let me quote you two pieces of information from Kelso's most recent update and on their investment in THG and which I am sure is well informed by Iain Mac a previous Director of THG and who was still in their employ until recently (and may still be).

" The refinancing was possible, in part, due to THG's localised US manufacturing model, which will largely insulate the business from the impact of the recently announced US tariffs."

and

"Reassuringly, we do not expect any material direct impact from the potential introduction of new global tariffs across our portfolio. Furthermore, all four companies are either in a net cash position or have secured long-term, stable financing arrangements."

Yet tell me why the likes of Barclays 2 days ago had almost fully recovered to where it was prior to Liberation Day, yet THG is still some way short and struggles to stay above 30p (and that's despite a spurned bid also)

You can check the charts on both around the 2nd April and you'll see exactly what I am referring to and btw you can add in that Donald J Trump tariffs did not in any way deter Selkirk from making an approach.

Hopefully in due course this reverses in exactly the same manner as Mike Asley's Sports Direct / Frasers once did. Mind you though Frasers had a grand master plan for expansion globally with store opening, online and with licensing deals, whilst also acquiring multiple businesses and brands out of administration for a song, and whilst being routinely criticised for zero hours contracts and being summoned before Commons Select Committees...

Over to the make or break of results next week and I shall remain silent in betwe

It's a shame really that in considering ones Fiduciary Duty as a Director that you can bounce a bid for not wishing to cede control and seriously undervaluing a companies worth, 170p or 225p, or as per yesterday by fundamentally undervaluing Myprotein - and its prospects, and in addition carrying significant execution complexity and risks and in particular the ability of Selkirk to raise sufficient funding.

Yet in all those considerations you don't factor in that the same undervalue that you have had 2 years to deliver on and have failed miserably on and with accompanying share price destruction, might actually be deliverable by somebody else like Iain Mac / Selkirk.

First rightful question you would have to ask if you took the reigns is why is the THG Nutrition margin so low compared to APN (7% versus 29%) THG is meant to be the master of hi-tech production and warehousing automation so why such a poor margin. Are they paying too much rent? Are the transaction handling fees too high? Office expenses? Salaries? Courier rates? Why, Why, Why.

It's make or break time on the next update. Improve and it goes up. Don't and I suspect it's going down a lot and please please please no exceptionals as the market see right through those!!

Since the results webcasts are never opened up to investors I hope that there are some real grilling questions especially around the handling of bids and on potential conflicts.

Have a good evening.

Agreed Yorek, but even if you are not a £16K per year subscriber you get the headlines and a few first lines of text.

"THG PLC's (LSE:THG) rejection and refusal to engage with Selkirk Group PLC (AIM:SELK) after it made a bid to acquire Myprotein for £400-600 million was in response to what the struggling online retailer said was "media speculation".

A search on Google ahead of today's RNS would have struggled to find any such speculation, however."

Correct:

But if you had searched Betaville it was on there at 3.55p.m. the day before on the 22nd.

Been studying their last few updates on holdings.

@THG. After the placing they had 7M @ 57.5p. As of yesterday they were down to 6.4 Million so have sold 600,000k shares recently.

Trimming also at their other holdings.

@Angling Direct: They had 2.5M Angling Direct @ 35p. Yesterday down to 2.3M

@ The Works: They had 3.85M shares – Yesterday down to 3.75 shares.

@NCC: They had 3 Million shares @ average 125p. Yesterday down to 1.4 Million

Mostly done to pay back the full £1M loan they took out to help subscribe to the demerger placing @49p. (Not gone too well)

Then today, after some selling @Kelso yesterday they also embarked on the first of some buybacks of their own shares yesterday with 1.5M repurchased and cancelled @ 2p. Might possibly be envisaging a MM or Munro exit @ them after their own partial sell sold down @ THG since the placing.

Worth double checking just in case I've erred.

The market clearly wasn't enamoured with yet another bid leak on the run up to an update.

Over to the next THG numbers and the sharp realisation for MM and Co. that notifying the market of a bid approach after the door is swiftly closed adds zero to the share price. Should have done it on approach and said they were evaluating it. Then some long suffering shareholders might have got an exit route.

All imvho.

Bids become irrelevant stanleyb when they a) get dismissed due to wanting a controlling stake and significantly undervaluing the business, or they get dismissed for any other reason and as undervaluing the business - when the present board can't deliver results or any of that significant value.

You'd like to think so mover123.

The question though is how could this bid not be in shareholders best interests when this present Board for 2 years have delivered nothing it a collapsing share price.

Is this what we are going to get with any and every approach??

Well the market seems unimpressed despite the valuation for MP.

Who wants say 40% when you can bid for the lot!!

Didn't catch much of a mention in Kelso's update this morning which on its 4 main investments was extremely thin !!

Kelso had been quiet for far too long.

The question though is why were we not told at the time of the approach? and Has it been saved as a stunt to get the share price up pre results?

Wouldn't be the first.

Big focus on MyProtein numbers if they don't deliver and for any forthcoming AGM.

Told you so on Selkirk / Kelso. Now where is that clown stanleyb / moniman !!!

Tell us what the bid was Matt and why it's been rejected given you can't deliver any value to the company.

Now we are probably getting to what was behind the Convertible loan.

It's a shame for the staff some of whom will be laid off, the local community who will suffer in consequence and it will have supply chain knock on impacts, and signifies no more investment in Ukraine.

That's the thing mancityslicker it's very hard to actually check and get to the bottom of and given you have manufacturing capability and Ingenuity warehousing and distribution capacity, as well as hotels, leisure club etc etc, and offshore registered companies.

Perhaps since you suggested it, you can provide better and fuller clarity?

Some of them.

That's some great research Starfighter.

TGL would probably come back and say we manage or conflict risks and our conflicts register well.

Just look how we have increased them over the last 12 months.

In fact given the increase surely some should be in line for some big bonuses. It is after all one of only a few metrics that have increased at THG.

All imvho.