Member Info for ProxLDM

This board is becoming worse by the day. 0 logic

Well it appears THG managed to hit everything I had on order whilst I was out and I'm sat in a lovely CFD position....

Probably a bit too many shares for my liking currently but I am confident the SP is NOT the Company.

THG will not be bought out for less than £2. That's the reality of it

I understand people are bitter but I don't know what else to tell you other than your number is way off and THG will not be sold for pennies.

This business will take another 1-2 years to fully strip the dead wood (I will not be in this CFD for that long)

Some people on here are just weird. It's crazy you actually have money to invest.

MM will not be voted out, He will not buy the company via Ingenuity. Jesus.

THG will not be see an offer lower than £2 accepted

The only time MM leaves is in a casket or by his own doing.

I'll own up to buying more this morning but via CFD's with it DCA across points :)

Thank you BTC let's see if I lose it all here - B/E is low covering the funding so I'm comfy at these levels for a few months.

Let's sit back and watch the next few months play out....

Loading up before AGM as MM announces he is stepping down as CEO!

(One can only hope)

You? I feel like hiring an advertising van that drives up and down the road AGM is going to be on with a custom made video showing the SP destruction playing Benny Hill theme tune for hours.

Think of AI MM dancing to Benny Hill on an advertising board (I'll have to check the legality of it deepfakes etc)

Thinking of the amusement I'd get from childish antics makes sitting on a 6 figure loss slightly better. That's where I'm currently at in this process.

You are wasting your time.

I don't mean to sound like a punt here but you are unimportant to everyone at THG. Why would they care what LD1973 asks?

THG will not communicate with the market outside of the normal trading updates required - So don't waste your time with IR. Either sell out now or wait for the next update, it's that simple really as this is complete poison without numbers.

Crazy levels. It's in the SIPP for a reason this wasn't a quick trade for me

We've got people wishing luigi, MM to have heart attacks the lot.

It will come good eventually. I have faith (None in MM but I have 0 choice it's his show)

Q3 trading update THG will be tell the market it's true value. Sit on your pitchforks till then

H1 update/Q3.

I agree Decay. H2 + Comparison

I think it'll be around the 35 - 39 mark some shorts will have to close, if anything they should be closing now given the recent trading. No-one is selling around this level I think we're all waiting for Q2 update. Vital for this company!

Serious money to be made here - I just don't like the leadership or I'd be doubling down again. Shame really.

Please do not take this as Investment advice as this is not.

However I am in a similar situation just like many others here are - My average is lower than yours but I am still nursing a 40% loss on paper currently. Each time I check my portfolio I feel the years of frustration being invested into what I believed to be a solid company but through sheer incompetence by our Founder/CEO Matthew Moulding overseen by our Chairman Charles Allen.

Speaking from personal experience/professional financial qualifications to the highest level possible - THG are in a MUCH better position this year going forward. If you have managed to hold for this length of time and you DO NOT need the funds immediately I would HOLD.

THG are in a MUCH better position with the ability now to actually paint a true image to the market we couldn't do that with Ingenuity mixed into the numbers so much causing uncertainty. But as that cash drain has now left THG (Still on a long term contract) the market will now be able to attribute a true number to THG.

We could not see that within Q1 - We saw some top numbers with more cloudiness in the FY'24 Results hiding THG's true position. H2 will present a clearer image of THG one we can use to judge what THG should be worth IF there is no exceptions in these numbers.

So at the very least hold to H2. Get the first 6 months results as I could not give true justification for the current MCAP - Do not make decisions based on emotions, we have to use some logic when our hard money is at stake.

If however we hit 30 (TP) then by all means stick to your own rules but don't make decisions based on emotion - THG is Chit. Management is awful but ultimately even if they stripped the company and sold it off (We'd still come out a lot better off)

Give your head a wobble.

The SP is the SP - It's this price because THG/MM have failed their shareholders

Perhaps... Or just like the £600M that Selkirk apparently made? Sure that would of been picked up and the market would of reacted to such news?...

There was no reaction because there was no bid.

THG is not fair value at this level - It is undervalued that is a given but we're sat here because of incompetence/failures. Significant failures at that.

Hedge funds would get wif of a bid and close - We all know THG/Funds are leaky and that would hit the market and we would see a reaction. Insider trading is illegal it doesn't stop them....

This is THG's level until they show change.

I can see how THG have changed in order to bolster the SP but ultimately THG/MM have failed everyone massively.

We have seen Billions of £ lost through MM's incompetence as that's what it is. Incompetence.

Damian Sanders and Matthew Moulding have destroyed THG and brought it to these levels of which probably hasn't been seen in THG history in the last 10 years.

I don't think you truly understand the sheer incompetence the pair have of money management - You can run through my history years ago I said they overpaid massively on M&A. They are basically the Man Utd of business anyone else would of got a better deal but because THG swooped in with a bucket load of cash straight from IPO/Softbank they overpaid SIGNIFICANTLY. Kids with pocket money - Frankly embarrassing looking back.

MM along with Damian Sander blew over £1B of cash to see no return basically. MM got his bonus because of it - So it all comes back full circle to MM - He made sure to hit that bonus claus as he knew his time was up and THG would eventually come crashing down after IPO.

Do the maths... You aren't FCF + yet you're going through significant growth - How do you fund it? Equity raises/cash or debt. THG was only going 1 way

Now MM walks around everyday knowing he has basically destroyed the company he built over the last 20 years for generational wealth. He put his family before his shareholders which I get but that's not a CEO acting on behalf of his shareholders he's acting on behalf of himself just as he continues to do so.

THG will continue to trade a this range unless there's a bid or material change to THG's numbers. I'm telling you all - We're locked in this for another few years just to see £1 never mind 50p.

There is literally no point visiting here until half year is posted.

Just looked - I'm only 40% down here. Lots of positives to take there Rob... Lots :)

Personally....

I see our growth within Nutrition but moreso the clothing range as MyProtein went through the rebrand and are now more activewear as oppose to 'Bodybuilding' - They can then target the same market as some of the major clothing companies (LuLu, Gymshark, Oner) we can also maintain a constant margin as supply chains are a lot more predictable (Bar trump)

If I came into this without knowing the history of THG & the leadership I would say this is a company more agile positioning itself CORRECTLY for growth this time around.... The tried M&A (Went well there didn't it) now they're going back to growth through innovation/adapting.

To me if MA was sat in MM's position I would probably liquidate a few assets to hoover this up which is such a shame as MM grew it into what it is now but he's made himself untouchable literally.

They've told us their plan.....

They're opening more beauty physical locations - They said that during the call. Frasers are retail specialists!

Frasers help THG - THG get Rev growth through physical locations (Optimistic), Frasers lose a slight market share of beauty trade to THG but claw it back in data through Frasers + in-store and online.

Frasers have told us they want Frasers + to be worth £1B - Frasers want growth, THG want growth. It's how they grow. It's simple really.

Data is worth more to Frasers than the slight loss in Rev as they can then target the lost customers again potentially.

In line with the current Remuneration policy, the Remuneration Committee intends to grant an award of upto 250% of base salary to Damian Sanders under the LTIP following the 2025 AGM.

The award will be subject to stretching financial and strategic performancetargets which will be disclosed at thetime of grant and measured over a three-year period, with a further two-year post-vesting holding period applying inline with the relevant Code requirement and market best practice.

Charles Allen £455K

MM £32K

Damian £507k

John Gallemore £455K

Everyone else £100K - Even Iain McDonald got £17K

". For the 2023 and 2024 financial years, both Matthew Moulding and John Gallemore waived their

entitlement to participate in the annual bonus plan." Probably same again this year - Directors buys will land soon, so it's just bonuses.

As further noted in the Chair’s letter, the Remuneration Committee intends to grant annual LTIP awards on a normal cycle from 2024 onwards, typically following the Company’s annual general meeting. A 2024 LTIP award was therefore granted to each of Damian Sanders and John Gallemore on 1 August 2024 as follows:

Director Type of award

Number of Ordinary

Shares subject to award Face value of award¹

Damian Sanders Nil-cost option 1,923,077 £1,250,000

John Gallemore Nil-cost option 1,730,7692 £1,125,000

1. Based on a share price of 65.00p per Ordinary Share.

2. The Grant of Share Options RNS published by the Company on 1 August 2024 erroneously stated that John Gallemore had been granted an award over

1,923,077 Ordinary Shares (equal to the award granted to Damian Sanders). The table above sets out the correct number of Ordinary Shares over which an award was granted, consistent with the Directors’ Remuneration Policy

I still believe they're working together on THG.

THG sold our luxury websites to Frasers a few years back and Frasers was quoted saying they'll be doing business together.

MA buys up stock in THG to show support.

THG are now looking at opening more physical locations (Something MA is very knowledgeable in) - At first I was thinking this hurt Frasers due to potential loss in customers but as of last year THG now uses Frasers +

THG pushes Frasers + online & in-store, loss of revenue is gained back through the credit purchases at a discount to Frasers but a fair exchange for revenue growth which they need.

Everyone wins.

Such a soul destroying share. The depressing thing is that's us now until half year update as IR don't communicate.

The fact of it is even with a ridiculously low AVG that I have - I still will be underwater for the next 1-2 years min. I feel so bad for those with avg's above even 60p....

There is money to be made here. A lot of it at these levels... That's the most frustrating thing I just can't justify bringing my average down even lower due to the constant failures from THG in the past.