Member Info for ProxLDM

Let's point out some facts.

Two bids rejected and I quote MM.

""PE firms usually want majority ownership. We’ve been clear: don’t bid if you want 51%, plan to use debt to leverage up, or won’t allow existing shareholders to stay invested. This rebuffs most PE firms.

"c65% of THG shares sit with me and several long-term shareholders. Our LSE pain comes from the 35% of 'fast money' shares actively trading. I’ve personally spent £39MM since IPO, increasing my stake and reducing THG shares on the market. The most recent being £5MM at 39p in late 2022."

After this he then strips THG of Ingenuity at probably the cheapest possible price for a company. I wouldn't be surprised if MM in coordination with MA has been shorting this company to take it private.

Our only saving grace is a hostile takeover. Which is F'n crazy!

We are all strapped into a crashing plane as it goes down with hopes of the pilot suddenly gaining control as we plummet to the ground.

As I've said before. We need a CLEAR OUT.

Matthew Moulding NEEDS TO GO!!

Charles Allen NEEDS TO GO!!

Neil Mistry NEEDS TO GO!!

Damian Sanders NEEDS TO GO!!

Investor relations has done LITERALLY NOTHING. NOTHING! They don't respond to shareholders queries at all. Don't talk to the market AT ALL!!

Incompetence through and through.

We have a chairman that is collecting a free paycheck purely because of his 'connections' of which are doing F ALL to benefit the SHAREHOLDERS! I'd love to know how much work he actually does for THG. I bet it's about 5 hours a week if that. Clown.

We have a CFO that quite honestly we need to check his qualifications - He offers 0 support to THG. Address the DEBT! Address the forever eroding margin! My frustration is big here as my I hold the exact same qualifications (and more) this clown claims to hold and I can tell you now. Incompetence.

Neil Mistry GREAT JOB! AMAZING! I can't think of anywhere else you could still have your job after successfully eroding margin whilst also losing customers in which has seen a decrease in revenue. 8 Quarters in a row about to make it 9! SMASHING RESULT CHAP! SMASHING!

Matthew Moulding. Well, I don't even need to say anything here. He's the puppet master in charge of this clown show. How can you still be CEO after a successful IPO to then lose 95% value in a company from ATH. Amazing job mate - Thing is he has cashed out big on IPO so the man can watch this go to £0 and still be worth a few hundred million.

I'm tired of this clown show now. Change needs to happen. We won't see any change before the FY'24 results + Q1 update of which they're probably hoping will uplift the SP.

But we're all powerless here. I have A LOT of money sat in this clown show as I write this I am now ONLY 17.5% down on my Investment (Only because I have the capital to avg down) I consider myself EXTREMELY lucky to only be 17.5% down!

If it carries on I will have no choice but to get my lawyers involved. I'm more than happy to throw £50K at this to have the full legality of everything checked. There has been too many things that have gone in favour of MM to ignore now. If any of the larger shareholders want to join in I'm more than happy to share information in order to get this started.

We'll circle back following on from Q1 update.

From a very annoyed, ignored and fed up shareholder.

Mr Edward Koopman - THG Non-Exec Director since 3 May 2016

"Edward is a member of the Executive Committee of Sofina S.A. and a director of Sofina Capital."

Sofina literally has a seat on the BOD.

They're all lining their pockets.

At current I have more faith in Kong being able to produce results than the THG team.

In fact the only person I wouldn't fire out of the SLT would be Lucy. Well done Lucy the only one actually delivering.

I'm pretty speechless watching this drop again on no news (YET)....

I can guarantee that if THG miss FTSE 250 there will be no knock-on effect within THG, they'll carry on like nothing has happened.

There's 0 accountability within THG. BOD say nothing as MM probably holds 2 seats on the board so no-one will contest his leadership alongside the rest just wanting to be on the BOD as a statement. Surely there now needs to be accountability within the BOD - Is there no reputation knock-on as they've sat by and watched?

BOD are purely there for their shinny titles on their linkedin profiles alongside the paychecks they get for attending the meetings and doing F ALL. If you've ever sat on a BOD you'd understand they literally do nothing. They should be the ones protecting the company value.. I say SHOULD! But they offer 0 protection for investors. So we have our BOD sat there having a contest of who has the best business network (Literally all the do on the BOD - Compare who has more) How embarrassing.

SLT - Senior team within THG are all Matt's cronies, so again back to the route problem. Matthew Moulding.

Matthew Moulding is the route of the problem. I was a fan of MM after all he grew THG to what it is today (Size/Revenue) but how can someone that was previously a FINANCE MANAGER watch the complete destruction of his company when his background is FINANCE. Embarrassing.

What's next? Further dilution? Why not MM - Issue more shares, dilute everyone's holding some more.

Matthew Moulding - CEO/FOUNDER

Charles Allen - Chairman

Damian Sanders - CFO

Greg Feehely - SVP Investor Relations (What Relations)

Kate Grimoldby - Director of Investor Relations and Strategic Projects (LOL)

Neil Mistry - CEO of Nutrition (Great results mate. 8 Quarters back-to-back-to-back of revenue decline)

Everyone above needs gone. But none of them will - Great job MM.

HELLO CAN THE REAL INVESTORS RELATIONS PLEASE STAND UP, PLEASE STAND UP, PLEASE STAND UP.

Where's our RNS? Why is this published on the company website but not pushed out via an RNS update to the market? A CEO change is nothing small... ESPECIALLY if it's MM stepping away and letting Lucy take control.

It just shows what a chitshow IR really are. YOU ARE A PUBLICLY LISTED COMPANY, I WANT TO KNOW THESE THINGS AS AN OWNER!!!!

Nice share/find thanks :)

I purchased a load this morning with more money on-route to bring my average down even further.

It's been sitting heavy on my mind what to do.

Using some very simple maths I value this at a minimum of 55p currently;

EV = £1.08B ( EBITDA of £90M x 12 multiple )

Equity value = £730M (Net debt of £350M) before lease liabilities

PPS = £0.55 MIN - I'm bringing my avg to 45 and I'll take that 22% gain awaiting capital event.

Important case for me is bringing that Net Debt down IMMEDIATELY.

Phill_M

That's exactly what will happen. When purchasing a business you look at synergy of other businesses you own. How can this business help grow my other businesses?

If I was MA I'd actually look at doing an M&A on the whole business. Sell nutrition but hold some form of manufacturing deal to ensure cheap protein can feed into my sports direct stores as that fits the sports direct brand - MyProtein is literally the Sports direct of Protein. It's not JD - Different businesses.

Beauty will also slot in nicely through concessions within the stores if needed. Saves floor space and lumps it all together.

This is actually the perfect business for MA to acquire in full - But we'll see.

I'm sat here laughing.

What a CLOWN

I don't understand what these people do for a living as they clearly can't afford to buy the shares they say they can. So you are in fact BROKE. Yet spend all day on these boards.

Here's a tip. Go up-skill and find yourself a career worthwhile, it's not fun being poor. I've been poor and I much prefer being rich.

The time you're investing into THG go take that and upskill to better your life please. Such a sad life, I actually feel sorry for you and steve. It's unhealthy

I'd love a 'Verified' owners tab - Where you had to actually own shares in a company to have input on the board or it becomes exactly what THG share chat has become. That's one thing I do actually like about the blockchain...

The Mental health crisis is real. See what you have done MM - Steve bought in at 330 and has lost his mind.

Class action against THG for emotional trauma, I'm with you Steve. I'll sign your petition.

I hold mine in HL SIPP - No issue on HL end, it just shows nil value but shares are still there.

Lifting of suspension late 2025 after a peace deal with plan to rebuild Ukraine along with a deal for Evraz to help rebuild.

Back to being a nice little cashcow in my pension.

E-Commerce is all about marketing.

The way to tackle clothing issue is simply own social media via paid influencers - Up the quality of the product alongside that.

Introduce truly premium products and capitalise on them high margin products, alongside their normal products.

'MyProtein' as a brand still holds a certain weight, it's too big to ignore. I just don't associate premium with MyProtein of which will normally be your higher margin goods. They have the infrastructure in place to pretty much dwarf any protein company as they will be able to produce similar products at a cheaper price through sheer buying power but just aren't using it effectively in my mind.

Beauty I am happier with as they're showing growth and things do look more promising over there.

I also acknowledge what Nutrition done clearing old stock after the re-brand as it protects the P&L avoiding a mass stock write-off - So that is smart/logical accounting as every month goes by you're adjusting your stock losses reflected within the P&L. So looking forward we should see higher margin within Nutrition as their old stock has cleared

Nutrition isn't at a total loss, I'm just not happy with how it's being run currently. I still hold my shares, I'm just a shareholder voicing my opinion as all shareholders can as we own this company too.

I actually agree with Venture_Capital - THG MyProtein products are awful, actually awful.

Myprotein account dates back to around 2010/11 when MyProtein was acquired, I was a long term customer of MyProtein. But their products are 100% suffering and if you were Involved to any degree within the fitness industry you'd know. No-one that actually trains buys MyProtein anymore.

I train at multiple gyms travelling around - I don't see their brand within the gym anymore, I rarely if even see their clothing. In fact I don't think I ever have seen anyone wear their clothing!

MyProtein is dying. I hate to admit it but it is - It needs a serious revamp! Premium products. I personally buy 'Supplement Needs' or 'Per4m' and so does everyone I know/watch.

As I said before those in charge of Nutrition need ousted. Sell nutrition or atleast go into a joint-venture with a company that cares as it's being run into the ground.

Everyday goes by it loses market share. Avg Order value may have increased but has it increased in-line with inflation or is that at constant currency? '23 Financials highlighted they're losing customers and this was my biggest concern back then and it still is.

The Governance of THG is honestly on par with the government. Helplessly sitting by knowing they're ruining something by their own decisions that was once great and could be if they took a step in the right direction.

That's my rant over. But if a bid does come in - I will have to look at my position and truly decide if I walk away. I wanted THG to be a long term hold seeing YoY growth eventually growing to £5B + Rev but they just lack the competence to.

Back to sitting helpless on the sidelines hoping for MM to put his shareholders first for once.

Cash is king. So unfortunately I'd rather the £400M be used to paydown any high interest debts.

IF they do manage to get a VAT refund of 20-30M then I would vote that's additional cash we never accounted for before. That I would use for a buy back

I want to throw everything I have mopping these shares up, I just can't trust MM to not steal it.

I also love how Ingenuity POST DEMERGER somehow shown growth in Q4 - I hold shares in Ingenuity but I still feel hard down by on that.

I have cash sat waiting to invest. I was about to stick my last bullet into this but I just can't trust MM anymore.

The only reason I'm not throwing more and more cash at this is because of the leadership and it's the exact reason no-one else is touching this. Failure after Failure after Failure. It's the same with the lies.

This is a very EASY problem to fix and it'll take 1 year minimum to fix it (I know from personal experience, not THG) I've just lost complete faith in the leadership. I'd love to throw another 100K at it but I simply don't know where THG is going to be in 6 months time.

I'll wait till April for Q1 update. No doubt we'll miss FTSE Inclusion as well - But knowing MM and his accounting skills there'll be another ghost bid to boost our SP in the shortterm.

KELSO? Why are they so quiet...

firstly. as mm is the founder he will have appointed his own 'puppets' within the bod as he'll probably get 2 seats.

secondly, bod don't give a flying fooooook what happens. they meet probably once a month and it's purely a pen measuring contest. playing the billy big *******s

thirdly, paid to sit there and shut their mouths. why lose the perks of say £20k a month for 1 meeting + full expenses

the bod do f all in regards of a company. they meet and vote on things that mm will have already said needs to pass.

As the title suggests. WTF has happened to THG.

Declining Sales in a world were inflation was disgustingly high so YoY sales there's an even bigger reduction.

Moulding Gone.

Allen Gone.

IR Gone.

Nutrition CEO Gone.

This company is basically another Man UTD. Once great and now a chitshow. It needs gutted STARTING at the TOP! Something is in the water in Manchester. Clubs failing, Companies failing. People delusional.

Just look at the website and you'll pick it apart.

"Meet Callum, Business DEVELOPMENT! DEVELOPMENT!!! Director - Prior to joining THG Callum won Gold and Silver for Team GB, today he is the director for THG Ingenuity"

1. WTF do I care about his medals for - His sole job is driving SALES!

2. Sheer INCOMPETENCE throughout - Callum works for Ingenuity of which has it's own website now. That highlights how stupid and lazy the THG team are.

I'm furious. This Company needs to be pulled apart the idiots running/ruining this company for their own pleasure. I'd fire min 5-10% of the company.

31% down on my 'Investment' of which should of been trading at multiples but due to incompetent people running it we're all now down :)

Selkirk come and bid for this chit now.

The call was good with some well thought out questions asked.

However, I don't believe a single word that comes out of that man's mouth anymore!