Member Info for Rock8

Lucky for the lucky that got in at 38p.

But for the majority of us that are mere mortals that didn’t it wasn’t a good year.

Let’s hope for a swift change of management and possibly ownership.

GLA

“…. the only people that can remove him would be the big II who have real money invested”

I totally agree but I believe that is what is exactly what is going to happen.

What this space.

We all have a choice

Keep Matt and we are doomed to sub 90p.

Boot Mat out and ++150p in an instant!

It’s that easy.

If Matt is removed this will fly!

With Matt at the helm this will offer potential but GO NOWHERE as usual.

Vote Matt out (off the BOD) at next AGM or before if offered the opportunity.

Hopefully a pointer but less than 15000 ADRS traded.

But hopeful

Says “ ihavenoclue” !

Apologies

Realise this doesn’t help cash situation but encouraging that Petrofac is still being awarded them?

hTTps://www.energyvoice.com/oilandgas/north-sea/543796/petrofac-secures-three-year-services-contract-for-totalenergies-uk-assets/

They would not be pursuing a long term fix now if they had not already secured a short term one.

It could go private but only without him in control.

Don’t you get it?

He can’t take it private.

He doesn’t have the shareholder support or the financial resources.

That’s been transparently obvious for quite some time.

….but Kelso really seem to have rattled his cage and are now promising to force change.

Now shareholders might get that promised released shareholder value and that 225p share price.

The difficulty here is more complex as the company is run by a maverick narcissist.

Second guessing his actions is near on impossible although the promised Strategic Review (2 years late and still waiting) was obviously a stalling measure and I suspect he actually likes the ‘status quo’ - Low share price and him being in the spot light.

As I said its complex.

You’ve answered your own question.

Matt clearly doesn’t have the support either financial or from shareholders to take this private.

That is now totally clear.

The move against Kelso has cleared a lot of the smoke Matt has spend 3 years generating.

He is vulnerable.

I am a large private shareholder and likely as the Institutional shareholders, I am asking myself why has Matt declared war against Kelso?

All Kelso want is a releasing in shareholder value which is supposed to be what Matt is doing anyway???

My conclusion is that like the strategic review and various other supposed projects to drive shareholder value Matt has absolutely no wish to implement any of them.

He actually wants to maintain the status quo with Matt at the centre of the Universe.

That’s why he has declared war and needs a quick ‘blitz creek’ outcome before other shareholders move their support behind Kelso.

Interesting times

Kelso actually have a very small shareholding in THG so that’s not Mad Matt’s motive.

BUT the Institutional shareholders that have lent Kelso their support control a sizeable position in THG - Likely much more than is public.

This is a desperate move by Mad Matt to keep control at THG by undermining his main opposition.

This is war and let’s hope Mad Matt is defeated.

That’s isn’t correct.

Matt is buying the Kelso position using his own money.

It has nothing to do with THG.

Matt must be desperately worried that Kelso and their newly found THG Institutional shareholders support will be able to remove him at THG.

Otherwise he wouldn’t be doing this.

None of the hedge fund’s have closed.

To say that unusual is a understatement

Signs of panic from Mad Matt at last

Moulding turns Pac-Man to gobble up more Kelso shares

Jessica Newman

Friday December 15 2023, 5.50pm, The Times

While many company bosses no doubt look forward to switching off during the Christmas period, it looks like there’s no stopping the chief executive of THG.

Matt Moulding, founder of the group which operates a beauty business, a nutrition business and the e-commerce services platform Ingenuity, has proceeded with his stakebuilding in Kelso Group — the listed investment group founded by John Goold that is calling for a break-up of THG.

Moulding has increased his stake in Kelso to just over 6 per cent, according to a stock exchange filing. His Pac-Man defence — where hunted turns hunter — hit the headlines at the start of this month when it was disclosed that he had taken a 3.2 per cent stake in the company.

Kelso believes that a split-up of the group’s divisions would help to address “the inherent disparity between THG’s share price and true value”.

Moulding’s latest buying spree sent Kelso’s shares up nearly a half penny, or 9.7 per cent, to 3½p

Mad Matt showing signs of desperation