Member Info for Rock8

Nothing to say really.
I assume they moved to stop Matt moving first &/or creating more mayhem during/after results.
The timelines aren’t clear but it’s just the beginning and Matt is not in a great place.
Interesting few weeks.
I added at open and all day.

Only found this in The Times Business

Tomorrow
It has been an interesting few months for THG, shares of which have rebounded after it gained two new activist investors and signed a contract for Ingenuity, its “end-to-end ecommerce business”. The share price has risen almost 40 per cent since the start of the year to 66p on Friday. However, that is still significantly down from the 500p at which its £5.4 billion initial public offering was priced in late 2020.

Full-year results at the online seller of cosmetics and dietary supplements are expected to show adjusted earnings of £70 million to £80 million for 2022, down from the £100 million to £130 million forecast in its update in October.

Finals ASA International, Billington, Property Franchise, THG, Xeros Technology

Trading updates easyJet, Entain, Integrafin, Moneysupermarket, Ninety One, Petra Diamonds, QinetiQ

Okay thanks

So we’re relying on MM doing the decent and proper thing?

Are we definitely getting separated numbers?
I know we all assumed but was it ever confirmed?
Just checking

City Spy tweet(2030 14th) was before MOS report.
100% - Matt is hanging by the skin of his teeth in terms of SH mood. More of a decent rope in terms of the board. That can and will have to change. Pressure is mounting...

All speculation but we will find out soon enough.
His biggest short term concern is probably how to avoid a shorts squeeze?

Crowman
He probably would have tried that before Sparta/Kelso we’re likely enlisted by the II/Chairman to provide support to their opposition.

I just don’t know why he hasn’t already done it?
Although he probably needed sufficient time to elapse since the bids last May when he he rejected 170-250p?

Not really.
He could have lost the company.
I really believe his primary goal is (and always was) to take back control.
If that’s the case then selling any would carry enormous risk and wasn’t warranted.
To be fair to him it wasn’t necessary so he was correct.
I believe either he takes back control or Sparta/kelso force a division and sales.
My guess is he takes back control somewhere between 150-250p?
But time will tell?

I don’t think the MOS told us anything new and just demonstrated the growing shareholder discontent.
Likely a positive given it just puts MM under more pressure to change, reform or go?

Whether he sold the shares or not is largely irrelevant.
He used their value (sure on a discounted model) to borrow and build his personal empire.
In hindsight it’s now looking like this was always his plan?
Hence selling the shares made no sense as he knew he would need them to take back what he believes (wrongly) is HIS company.
Let’s hope I am wrong?

Yes you are probably right but I suspect Sparta/Kelso would be looking for more but time will tell.
Matt Moulding has certainly boxed himself into a corner.
Amazing thing is how many here still support him?
He has single-handedly destroyed the shareholder value since he got his payout.

Sorry still there just a reply to earlier tweet

City Spy’s tweet also gone.

I think the article is a positive for share price come Monday but Matt is finished unless he succeeds in taking it private which I think is unlikely.
Most likely activist investors force him and out and then divide companies for asset sale?

It’s started
hTTps://www.thisismoney.co.uk/money/markets/article-11975939/Hut-Group-boss-told-house-order-losses-mount.html

Anyone go the latest shares on loan data?

Oke
I think 'Equinity Shareview - 6.16% 79.99m' added in last month is just the Matt Moulding staff Share incentive scheme with a typo? Should be Equiniti Shareview?

Equinity Shareview