The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Cheers manc I’ve copied and pasted it below for those with no access:-
Last week, THG shared a post about our Leadership & Management Academy, and it sparked a conversation with the team about leadership, what it looks like at THG, and what it means to me.
Each year we recruit hundreds of young people straight out of education and need leaders to help get the best from them.
We give people real responsibility at THG. The learnings are intense, burnout is a risk, but the opportunity is massive. Our Academy is essential for us to develop future leaders and guide people through the challenges.
I’m often asked what it takes to be a leader at THG. There’s no simple answer. But there are some essential qualities that everyone must have. A requirement is humility. Too many people change as their careers progress. Egos grow and self-appreciation spirals out of control. Confidence is a great quality, but arrogance is ugly, especially to team members. The world has an ample supply of these people. Humility in leaders is a rare quality.
If a manager or director is the most talented person in their team, then we’ve made a mistake. Why would anyone want to be the best person at everything in a team? It’s uncomfortable managing people who are more talented than you. It’s easier to avoid the challenge. Most do. They’ll underperform soon enough, and changes follow.
The best leaders at THG are those who surround themselves with people better than them in every job. I love these leaders. The ones who know the team will be just fine if they don’t turn up tomorrow, or next week.
I invest a lot of energy in maintaining humility across the senior team at THG. An essential way we do this is by maintaining a “start-up mentality”. Irrespective of how big THG is, we still run it like we’re in our first year. It’s THG against the world.
I was worried listing THG in London would dim our start-up mentality. I couldn’t have been further wrong. The way we’ve been treated since joining the LSE has done nothing but add fuel to our insatiable fighting spirit. It’s certainly not an experience I’d recommend to anyone, but it’s been a decent test of our start-up mentality.
Last week, Jodie bought me this picture by David Yarrow. It sums up THG and our approach to leadership.
We do things differently at THG. We always will.
#Leadership #Humility #weareTHG
This is when these boards can be really useful..like yesterday when someone posted, brass I think, about the RNS from Kelso at 7am’ish. Keep up the good work all. Based on the fact that in recent times we’ve had MM LinkedIn messages every week apart from this week..hopefully we get one today
It’s been a long journey thus far..the low 30’s were a particularly tough time..the QIA picked up some decent volume at bargain bin prices..I keep switching between being super confident and knowing that MM could drop a bomb shell at any minute which could wipe out 20% in a matter of seconds..not had a linkedin post this week from him..let’s see what tomorrow brings..
Having averaged down when we hit the low 50’s, again, I’m now marginally in the green. It’s the 3rd time I’ve been in the green here…Christ it’s been though and no doubt will continue to be tough. I’m taking real positives from Kelso.. they are clearly super confident on THG and must have an average between 55-60p. They won’t be in THG for 10, 20, 30, 40 %..they will be aiming for multiples of the current SP. Please don’t do anything sillly Mr Moulding..we seem to have good momentum at the moment..the sellers are picking up pace for sure..4mil today..
The price freeze was a disaster and cost us significantly..this was a real big bug-bearer of mine at the time. We literally gave money away, people were expecting to pay more yet we froze prices at a time when whey was through the roof. Another bug-bearer of mine is this property that is due to be sold and has been referenced numerous times before on previous RNS’s yet has not completed and seems to being reduced on updated RNS’s..something does not sit right with me on this property deal. It’s time for MM to deliver in April, my patience can’t take another year of false promises and missed targets.
Mr Hull I do like a balanced view and you do bring a bit of ‘grounding’ here..out of interest do you see todays article as positive, albeit small or otherwise?
Another week..another roller coaster week. Those invested for a while will not be concerned with the drop..it’s actually not been that bad for THG (scary)! Potential news of some other small activist fund potentially investing at these levels is positive and hopefully sets a new floor, the 55p level feels like the current floor. Held above 60 nicely this week which looks solid, I thought we were primed for a 50’s finish this week the way the back end collapsed.
Feel your pain Hosai..not as bad but went in heavy at £2, then really really heavy on the way down..then averaged hard down to 70p..when it went low 30’s it looked like the worst financial decision I ever made..some sleepless nights in low 30’s..nice to see us rising, long May it continue..
It definitely feels like we are building upto the crescendo…I’ve re-read MM LinkedIn recent posts…really has a feel like he’s building upto a crescendo..I.e. the history of THG and nutrition in particular, what he’s done for staff and their development, regret of listing on LSE..something big is coming my beauties..I can feel it in my bones..
Been a nice surprise not checking the SP as regularly....I like the MM LinkedIn posts, at least we are getting some communication, albeit there is a risk he could drop another clanger. He defo seems to have the bit between his teeth…onwards and upwards, been a bloody tough ride but feels like something is starting to happen..the last week as been a welcome reprieve for LTH..being on next week (I hope!)
Turning into a painful marathon..as a LTH my nips are chafed to shreds. Need something to get the SP moving soon. Bit repetitive at the moment..’new partnership announced’ but does naff all to SP, SP swings 5% a day, starts down then goes down further then rises till midday then drops again, MM gives linkin update instead of proper communication with shareholders, MM gives shares away…all very repetitive and a tad soul destroying to LTH here…difficult to stay motivated with this share. Hey ho tomorrow is another day..who knows what tomorrow will bring…
Been seeing partnership announcements for, which seems like, forever…feels like a coiled spring..we need something to get the SP moving..the SP seems detached from what appears to be happening..come on SP giddy up you son of batch..