Member Info for Rock8

Let’s hope you’re right?
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And that was Kelso
…. Meanwhile, Kelso, an activist that disclosed a 0.4 per cent stake in THG in January

Only number I can find is the original 0.4%.
I wish people didn’t just make up numbers- Not helpful.

Or is it your guess?

Do you have a link to the 2.99%?

THG announces ten-year tie-up with rival
THG, the owner of Cult Beauty and other online cosmetics brands, has announced a ten-year tie-up with Maximo, a rival, in a rare bright spot for the beleaguered company.
News of the partnership sent THG shares up 1¼p, or 2 per cent, to 65p yesterday. After a tumultuous time, they have gone up about 40 per cent this year, despite the company issuing a profit warning in January.
Maximo will be using THG’s digital commerce platform Ingenuity, its payments systems, warehousing and delivery. The financial terms of the deal have not been disclosed but THG said it would add £150 million to the value of goods sold through the platform this year. Matthew Moulding, THG’s chief executive, said: “This represents the early fruits of our focus on larger enterprise customers . . . I am delighted with the progress of our refocused sales team, with our pipeline continuing to build momentum. Our addressable market across beauty, FMCG [fast-moving consumer goods] and retail is significant and will continue to expand as a result of our continuous programme of innovation.”
THG, which was founded in 2004 and sells cosmetics and dietary supplements from hundreds of websites, was the UK’s biggest IPO in five years when it made its stock market debut in 2020, but its share price has since been hit because of concerns about its unorthodox governance, the reopening of high streets and questions about the value of Ingenuity. The group’s market value has sunk from £5 billion to less than £920 million. It said its profits would be lower than expected at the start of the year because of disruption to deliveries, contract delays and falling sales in one of its divisions.
The business, based in Manchester, has two activist investors on its shareholder register, Kelso and Sparta Capital. Kelso recommended that THG improve communications with investors by using the regulatory news service. Some analysts believe the market announcement yesterday was a sign that the business is following this guidance.

London float was a bad move for The Hut Group, says boss, as shares in online beauty retailer shares tank 80%
THG was valued at £5.4bn when it listed in 2020, but it is now worth just £827m
Moulding said he and his top team now have a 'THG against the world' mindset
By EMILY HAWKINS FOR THE DAILY MAIL
PUBLISHED: 09:55, 7 April 2023 | UPDATED: 09:55, 7 April 2023
The boss of The Hut Group said he 'wouldn't recommend' listing on the London Stock Exchange, having seen its shares fall more than 80 per cent since it floated in 2020.
THG – as it is now known – announced a ten-year partnership with an online beauty retailer but this week chief executive Matt Moulding said: 'The way we've been treated since joining the LSE has done nothing but add fuel to our insatiable fighting spirit.
'It's certainly not an experience I'd recommend to anyone, but it's been a decent test of our start-up mentality.'The Manchester firm, which owns brands including Cult Beauty, ESPA and Illamasqua, was valued at £5.4billion when it listed in 2020 in the largest float since Royal Mail in 2013. It is now worth just £827million.
Moulding, 51, said he and his top team now have a 'THG against the world' mindset.
Although he said he was initially worried the listing would 'dim' its drive, he said he 'couldn't have been further wrong' and THG has felt like even more of an underdog since. Moulding first rued the listing in 2021, when he said an 'obvious lesson' from the debut was 'don't IPO in the UK'.
It comes amid fears that the Square Mile is losing its allure, after some big names have ditched London for New York.
Construction giant CRH said it would move its primary stock market listing to Wall Street last month while Cambridge chip designer Arm has chosen New York instead of London to float its shares.
THG axed just under 200 jobs at a base in Altrincham, Greater Manchester. But investors welcomed news that Maximo, owner of the All Beauty and Fragrance Direct websites, has signed a ten-year deal to use services in THG's Ingenuity tech division.
The shares rose 2.1 per cent, or 1.32p, to 65.02p.

Not many shares offered either side of the entire L3 book today 350k:340k

For shorts to bank profits.

Best to cut the deadwood off.

MM should have negotiated a deal with the bidders last year and secured a graceful exit?
Now he has to dismantle all his vanity projects and divide the company for sale.
At last I feel the shareholders interests will be recognised soon.

Was always a suspect idea - Vanity Project?
A waste of money that has now been axed - Bet he wasn’t happy to be forced to close it?
At last the penny has dropped.
He is accountable to shareholders.

FSA is 4.01% but need the more accurate Ortex data

Given the up trend in recent days I think shorts were always going to add?
Still no date for April release

Shorts increased on Monday and certainly increased today but does anyone have the Ortex data?

Fund % short change Date changed
Tellworth Investments LLP 0.80% 0.08% 3 Apr 2023
Qube Research & Technologies Limited 0.60% 0.01% 3 Apr 2023
Marshall Wace LLP 1.49% -0.01% 29 Mar 2023
GLG Partners LP 0.51% 0.02% 13 Mar 2023
Citadel Advisors LLC 0.61% 0.11% 7 Mar 2023
Total 4.01%
Anyone go the more accurate unofficial numbers?

Still ignoring all advice given to move to RNSs so continues to behave like a child.
When will he grow up?

MM seems to be out of his depth in running a PLC.
That's my take on it.
But it will be fixed on way or another.

Kelso were spot on with their recommendations to the THG Board.
The amazing things is why THG had not already gone down the same path?
It's not a rocket science but maybe THG Board is not up to it?

Yes lots of resistance at 70p and as at 66p and 68p no real technical reason.
Book is finely balanced ATM.
Even numbers causing a problem at the moment but unlike last week shorts not being fed into the market.