Member Info for Rock8

Matt needs to be removed to progress anything including a modest share price recovery without a takeover

After the the last few weeks there’s no turning back

Yes sadly Matt does like to be predictable

The company is solid but it’s led by MM and he is weak.

It’s never going to thrive as a PLC with him as CEO.

Don’t worry I realise that’s not a popular view on this forum but it’s my honest opinion.

Remember I sadly accurately predicted Friday’s events and also took a fair amount of abuse on Thursday night.

Let’s hope we hold 57 and break through and hold 74 short term.

Best

You must be new to THG?

He has been the main/only obstacle to takeovers and has spent 3 years undermining shareholder value by arguing with the city and missing targets.

Listen it’s just my view and others are entitled to their own.

Best

His only other option is an MPO funded by a fairy godmother - Qatar?

But that’s a distant dream ATM so I believe it’s unlikely.

It’s going to be a painful removal of MM over the next few months.

Sorry It’s now all about removing MM.

MM firstly does not want THG being split/sold and secondly he does not want to lose any management control over any part of the existing organisation.

Therefore I am not expecting any more bid interest until MM is removed as CEO likely by an activist investor working with the existing Institutional Investors.

It’s not all about removing MM.

As I said yesterday he has boxed himself into a corner.

Impossible for MM to remain at the helm.

IMHO

The MBO via QIA was always the obvious route out for MM since they bought the position from Softbank.

But it hasn’t happened yet and absolutely no indication why it will now?

I don’t think Apollo would ever go hostile and like us thought NN wanted a deal pre September.

So now in theory it should have been perfect timing?

If I were MM I would struck a deal with Apollo to ensure at least partial control post September.

It will be considerably more difficult for MM to rebuild relationships with the City and to hit half decent numbers this year.

In both of these tasks he has failed several times.

But maybe next time everything will be different?

I really question MMs decision making?

Correct

Thing that could happen short is if we got confirmation of the Apollo bid.

Last time (last year) we got confirmation of bids above 170p the share price still plummeted to 39p but this time it’s Apollo so this time the city should take notice.

Fingers crossed.

Let’s see.

Clearly if we get an activist buying everything changes?

I hope you are right

I did believe he must have a plan b but his rather irrational postings on social media especially last week have really shaken that belief.

That belief revolved around him being a rational and logical thinker.?

Now I believe I might have been wrong?

Let’s see but I don’t think we have until September.

If this follows last year’s pattern the share price decline could be rather rapid?

Not sure he has any choice as it has to be within 3 years of original listing

His procrastination only works up to that point in time.

That’s exactly why the 65% will be questioning his judgement.

I really can’t see Matt staying in his present role until September.

Let’s hope not anyway.

I am entitled to my opinion.

Matt does have rather a poor track record.

My belief is in the company not Matt.

Certainly not anymore.

I am hopeful that many in the 65 share my view.

Best

Not great read across the the message is obvious

….. There is lots of talk about the US stock market’s superiority to the UK’s. Even in the crowded field of executive moaning, America seems to have the lead. Ali Parsa, founder of remote GP app Babylon Health, said its US float had been an “unbelievable, unmitigated disaster”. He makes THG’s starfish impersonator Matt Moulding, who complained that listing in London had “sucked from start to finish”, look like a paragon of British restraint.

Babylon will soon collapse into the arms of its main lender in a restructuring that wipes out shareholders. That will come less than two years after a botched leap to the New York Stock Exchange via a merger with a special-purpose acquisition company, or Spac.

My back-of-an-envelope calculation suggests 12 UK companies that chose to go public in the US during the great Spac boom have since lost on average 80 per cent of their value. One, Rockley Photonics, beat Babylon to de-listing by filing for bankruptcy in January.

US capital markets are obviously deeper and more liquid than ones here. But the flop of the British Spac invasion shows America is no magical paradise for loss-making ventures.

We need a real activist shareholder

So why did the turn down 170p plus

Makes absolutely no sense