Member Info for Rock8

More posts from the small army of MM wallies

Were the reason why it hasn’t explained his decision to all shareholders, I understand why.
He would have got stoned!
Offers thought to over 3x today’s price.
Borders on criminality
IMHO

Understand MM refused to accept a bid financed with debt as was frightened of losing control.
From that moment all PE deals were dead.
Only PIs didn’t know that impossible hurdle.
Since price started tumbling 11 days before announcement
New shorting continues today

Strong seller on L2
Sell side being loaded.
Actually surprised someone still shorting here?
Why not let it bounce and short at a higher level?
Anyway might change later as NY closed today.

Large shareholders were alarmed that if he was forced to successfully use his golden share the consequences for the share price would be devastating so continued to support MM.

…from my broker is that none of the offers gave MM the level of control (long term) that he wanted.
So price wasn’t the main issue hence shutting down 3rd Candy offer and no granting of due diligence.
The only positive is that when the golden share ends in Oct23(?) things could happen.

But if he deliverers a x2.6+ (266% but that’s not mathematically correct) Friday’s close share price at open I will apologise - That’s 200p + in line with the bids.
Sadly none of us all ever see that now.
Happy to be wrong.

‘Their’ essentially being MM as he controls the show an intransigent maverick.

This BB is wildly out of touch.
It’s inhabited by sad dreamers.
I am trapped like most PIs due their lunatic behaviour.

SoftBank is not happening .
I would be delighted if there is another buyer out there waiting to pounce?
But without one it will take years to rise to the 170-200p range given our new economic landscape and the investment/market sentiment towards THG’s management after their behaviour since they IPO’ed.
IMHO
Delighted to be wrong and I will be long gone!

No one is in a position to oppose him.
That’s why the market questioned the company’s governance.
They should at the vey least share their supposed collective reasoning with all shareholders.
It certainly makes absolutely no sense to me and many other shareholders and as importantly the market.

Yes but to be clear he is the largest shareholder with the Golden share.
Add his wife?
Not really like most PLCs.
If the case to remain independent was so overwhelming they need to share it with ALL shareholders and the market.

They could have just ask MM?
Thats the problem with his Golden Share.
No one can oppose an arrogant man.

The release is very specific it does not say largest independent shareholders.
Who are the largest shareholders? MM, his family and his friends.
Not very independent

The sad thing is that in my experience of investing/trading for over 30 years is to be invested in a company being takeover whilst the markets deteriorate provides an enormous benefit to the investor.
By the time the deal is done you can then reinvest the funds elsewhere at much lower prices.
Win win for investors.
Opportunity lost.
Anyway hoping for that dream like bounce in my THG shares.
You lot need to grow up.
IMHO

THG refused to do due diligence.
They refused to enter a meaningful dialogue.

Everyone on here goes on about a quick profit.
It’s about taking profit not dreaming about even more.
Take a profit and move on.
Not talking about days or weeks but a reasonable time.
These shares IPO’ed at 500p and within two years are now 75p
Perhaps something has changed?
Perhaps an entirely new economic landscape that hasn’t been seen in over 50yrs.
Valuations change.
In the long run we are all dead.

Sorry pt2 - in doubt and lower valuations

The banks that funded the £7 billion buyout of Morrisons last year were forced to offload the debt, which pays 5.5 per cent interest, at a discount. Bonds in Morrisons are trading at 84p in the pound.
Walgreens is expected to update the market on the state of the sale process at its third quarter results on June 30.
If the American giant were to accept an offer, the bidder would still need to negotiate with the trustees of Boots’ £7 billion pension fund. Walgreens had previously intended to explore a float of Boots, which is overseen by Ornella Barra, but market turmoil makes that unlikely in the short term.

Boots takeover in doubt as banks stop lending on deals
The protracted auction of Boots is at risk of falling apart as debt markets seize up and buyers grow nervy amid a consumer downturn.
US private equity giant Apollo and Mukesh Ambani’s Reliance Industries tabled a joint bid this month that is about £1.5 billion below the £7 billion asking price, although Boots’ US owner Walgreens may keep a stake. Meanwhile, there are big doubts over whether a rival bid will emerge from the Issa brothers and private equity firm TDR, the joint owners of Asda.
The brothers, Mohsin and Zuber, are still deliberating, but it is hard to raise finance. “It’s looking tough. The debt markets are closed,” a source close to the Issas said.
Apollo’s financing has been raised from investment banks, albeit at higher rates of interest than those on offer last year.
The Ukraine war, soaring inflation and rising interest rates have combined to push up borrowing costs. Financing is particularly difficult in the retail industry, which is bearing the brunt of a slowdown in consumer spending.

Very sad missed opportunity for THG - their bids were all fully funded

It seems to me that MM is just too arrogant to be running a successful and correctly valued PLC.
Charles Allen was appointed to solve many of these communication and governance issues
but it’s clearly not working.