Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Now there is a director selling sub 20p…disaster of a share this
Absolute ship show of a share..the writing was on the wall with the announcement of JL going and the new ‘finance’ being secured..stupidly bought back in yesterday thinking surly ‘not again’ but yes it’s the same old story here..someone come in and buy the company for 50p a share and do us all a favour…
This share is a rollercoaster..said many times before..strap yourself in and enjoy the ride..if you can’t stomach 10-20-30 percent swings in a day..jump up Lloyds. We’ve settled down recently so I’m happy..didn’t see buying a newspaper happening..but can see logic..I’m strapped in and in profit now after some ruddy dark days!
Https://news.sky.com/story/amp/thg-hits-high-note-with-sale-of-music-retailer-zavvi-12924448
Anyone that has been here for more than 2 mins will be happy to see what’s happened over the last couple of weeks but have a harbouring feeling that THG can shoot itself in the foot (SP terms) I.e silly Matt interview, linked in post, some one selling shares out of the blue etc etc. very happy personally with flat days, 1, 2, 3 % days (up or down!) we seem to be going in right direction and I’m happy..glad to see longer term holders are still here..man it’s been hell at times!! Myprotein seems to be the golden goose..I’m seeing it everywhere at the moment which is making me a happy investor.
People are a bit peethed..to even mention the possibility of dilution to longer term holders makes my blood boil. The SP is a shambles and is now 50 p/c down..MM and team now need to start getting the SP up..where are the whales, premium listing etc. we need some positive communication and not just LinkedIn posts adding fuel to the fire…he better make sure THG are squeaky clean as the city are gunning again for THG.
I dread to think where the SP would have been without the ‘leak’. I’m still annoyed we have no idea what type of figure Apollo were suggesting..on the basis that we fell between £1-1.20 that’s where I think Apollo were pitching. People clinging onto Matt’s comment about Apollo valuing Ingenuity at value more than SP when they approached and then adding nutrition and beauty..Matt never said they were willing to pay that for ingenuity.
Iain Mc then on LinkedIn when defending the decision to walk away for Apollo said ‘we value the company at billions’ does this suggest that Apollo didn’t?. If you ‘value’ the company at billions why the hell are you not loading up at 57p..so you can 3x. Get the MBO done, simple, so we can all move on.
As a long term holder I want to know what the potential price point was so I can make an informed decision as to whether to sell my holding or stick it out this is my frustration..
Having watched and read the video of the new LinkedIn post..have to say I like the fact that he is calling it out. It doesn’t help sharsholders as it just compounds a rubbish relationship with the ‘London Mafia’ even more. This is why I have a sneaky suspicion something else is happening behind closed doors…
Since the 3rd May..thanks MM. Absolute ship show. Needs to enact a few things to sort this mess out, it’s a shambles. Where are the whales? I genuinely thought we were past 50’s but we are going to be firmly here for months..it is the exact same pattern as last time, pump mid morning, drop it heavy, slight rise before 4pm then down again..we could get in the 40’s again. All these people saying about the GS..let’s be realistic something ain’t right, as if this is so far undervalued and MM GS gone in a few months..why the fruck are we back in the 50’s..shambles.
Just posted this on LinkedIn
The screenshot attached is from The Times 13/05/2023. The analyst’s name is hidden to make this less personal, but I couldn’t let is pass without commenting. Let’s deconstruct a few of the analyst’s quotes. I’m a NED and shareholder of THG btw.
They were “amazed Apollo were even interested in THG”. Well, they were, and they did hours of research, resulting in them wanting to make a good offer. Just not an offer the board wanted to accept because we firmly believe this business is worth billions. As far as I’m aware, this analyst doesn’t even formally cover THG.
“All the stuff about Ingenuity was ramped up hyperbolic rhetoric… it was nonsense and ended in tears”. This analyst has never visited Ingenuity’s operations. I did offer to set this up some time ago, but they were too busy. For the record, Ingenuity is good enough to have (big) contracts with multi-nationals/massive enterprises such as Allbeauty, Matalan, Homebase etc. but, it’s “hyperbolic rhetoric”? It’s got a pipeline to die for and already transacts billions of GMV profitably. We look forward to demonstrating that this hasn’t “ended” and certainly not “in tears”. Apollo’s offer had it valued at hundreds of millions. But what do they know, they’re just one of the most successful PE houses on the planet.
It would “put everyone out of their misery if Moulding took the business off the market”. Matt’s a good man so it’s hard to read personal attacks on him, especially from people who have never met him. Perish the thought someone should point out that he’s built a business from nothing, employing thousands of people in highly skilled roles across the Northwest. He takes no salary or bonus, gives it ALL to charity, and has donated £102m of his personal money to set up The Moulding Foundation.
I could carry on. The man is a force of nature, an inspiration to me and those who work with him. A great family man with kids who read this stuff. Whilst the author is a “big fan of entrepreneurship” and no doubt The Times is too, snarky comments like this won’t encourage it and business to list in the UK.
Businesses don’t grow in a straight line, it’s a battle that people who simply draw a salary from a newspaper or investment bank could never understand. Imagine the pressure of 7,000+ people depending on you for their livelihood, shareholders, sleepless nights, and people with no track record of entrepreneurship commenting on your entrepreneurial ability.
Matt’s got thick skin, but all I ask is to be fair, balanced, and genuinely encourage entrepreneurship, not character assassinate people you’ve never met. Do some proper, in-depth research on the businesses you decry. Or, just say nothing.