Member Info for ryanf

Agree with sj, no concerns about how good Ingenuity is, it can do next day delivery with last orders at like midnight or 1am.

The issue is we have no visibility as to the value of Ingenuity for THG.

We have been told the contracts were conducted at "arms length" but we have also been told many other things over the years by the same people which turned out to be big fat lies.

I heard it was the year all that jam is showing up.

OSG, not the first time someone on this board was rubbishing an idea for months then suddenly came round after facts emerged, huh?

Now, off your high horse.

Oke, I can't believe it myself either, and I cannot believe governance issues can run so deep. MM has extracted all the value from the IPO for his failed pet project at the expense of shareholders. Matt has set everything up so he never loses. He has to go, rip up Ingenuity contracts and do not allow the CLN to dilute us. White Knight is needed, and it sure as hell isn't MM or Iain Mc.

You're telling me if I wrote it from my real account, Matt would keep the comment up and not ban me? Get real.

I then replied to Iains stupidly unprofessional comment about there being "HUGE value" with a stupid winky emoji:

Iain, is this all some joke to you? You come in with a fake bid with no financial backing to try and pump the stock but look, the market can see right through you and Matt and your stupid game. People are losing their life savings here.

I'm a HUGE believer in track records and looking at companies you've been involved with, you're helping sink this ship. Heaven forbid you put your OWN management team at MyProtein 😉

I posted on Matts LinkedIn earlier (which got me banned):

Matt, help me square this conflict of interest circle. You are 50% majority shareholder in Ingenuity but CEO of THG PLC, now two INDEPENDENT companies. You said in the accounts that you look forward to THG supporting Ingenuity for its next phase. Why? You are CEO of THG, not Ingenuity.

Can you let us know the details around the contracts THG have with Ingenuity? How did you determine whether the contracts are the best value for THG, given you are CEO of THG after all?

Why do you gloat with a private jet when the share price is at all time lows? Why do you try and make us feel sorry for you that you didn't take £15m in wages, when the share price is at all time lows? Why did you dilute at 32p for your own benefit only a few months after you were happy for everyone else to take extra shares at 49p for the demerger?

Do you not understand that your actions is why the share price is where it is? Take action to put shareholders first and your wealth will follow, instead of playing stupid games with your little buddy Iain.

We were warned of the lack of corporate governance here. Bit of jargon but what does that mean in practice, it means Matt controls everything. You have a spineless board, and non-existent chairman and a CEO who is allowed to run the company how he pleases. The share prices just shows how Matt has extracted value out of the company.

Takes a huge payout at IPO.

Holds a golden share.

Claims the city is against him.

Runs the company his way with his side project Ingenuity.

£1bn of Beauty and Nutrition money goes to Ingenuity.

Ingenuity gets hived off for the pre dilution equivalent of £25m.

Since the company was run Matts way, Beauty and Nutrition didn't get the attention they deserved and declined in market share.

So much so that Matt did the noble thing of putting £60m back into the business, but the share price was at all time lows, not so noble eh Matt?

We have no visibility into how good a deal Ingenuity is for THG, but given past track record, do we think it's a good deal for THG?

What a mess.

Oke I read that too, basically MM and retail investors are on the Ingenuity journey. I'm sure MM would've been upfront in gloating if an institution went with him.

Maybe AI got confused 😕

Apparently the Betaville article mentioned the potential suitors were Advent, Leonard Green and, would you believe it, Apollo.

Guys, sorry for putting a penny in Stan.

Did Selkirk turn out to be a fantasy, Stan?

Ow, why has there been a new account made with my first name and Scott as the second name.

Stop it Steve!

Oke, think we have a good chance that beauty goes, and probably at that valuation, and probably to Frasers. Why would Frasers stop buying at 11%? It doesn't make sense unless they're in talks for some sort of takeover.

Let's not forget the more than frosty relationship MA and Iain Mc have, there's no way MA would want Iain Mc to put his own management team into a company MA has a significant stake in.

I think beauty goes, we either get cash or frasers paper, both fine by me. Then we focus on nutrition and expand globally. Nutrition could do £ billions if they hit the US and India properly.

Do any of us think MM is the right man to drive an international growth strategy? If not, he must be voted out at the next AGM. Looking forward to meeting some of you there.

It would be poetic justice for MM to be voted out at the AGM, we get a totally new CEO who kitchen sinks the accounts, pays back MM's CLN in cash with no interest, then rips up Ingenuity contracts and MM's world comes crashing down. Here's hoping.

Stan, Fitch analysis is more credible than broker houses like Barclays, HSBC, Peel Hunt, Jefferies, etc...

Fitch's analysis tells investors about the credit worthiness of company debt. It's important and they cannot have bias like broker ratings can.

Peel hunt report on THG on the other hand, yea ill wipe my ar*e with it, especially since MM had it commissioned, probably paid for by shareholders.

Matty20, the adjusted items are due to the mess of the balance sheet, and the fact Moulding has blatantly left the crap with the PLC. No wonder he was more than happy to give up his PLC shares in exchange for Ingenuity.

From Matt in the accounts: "We are also committed to supporting Ingenuity through leveraging its market-leading services as it embarks on its independent journey."

Why? Why are we committed to supporting Ingenuity? Isn't it a standalone business that should be supporting us because, if they didn't, we could go elsewhere? Or is it because our CEO signed above market rate long term contracts and is a 50% shareholder in said independent business?

So you flip flapped and was never sure on your decision? You're a trader who will leave when we have a little spike. Why would I apologise, does the truth hurt your feelings?

"ryanf

Posted in: THG

Posts: 1,128

Price: 35.10

No Opinion

RE: Me Crazy - possibly14 Mar 2025 11:27

OSG, I know your position on the Selkirk idea. That's fine, as you've said before, my money, my investment. Your scenario is possible, so is mine.

I think the stars align, you clearly don't. Let's wait and see, wonder if you'll still be around if I'm right?"

Hey OSG, nice find but given you were wrong about Selkirk wanting a THG division, I'll kindly ignore your opinions on what you think their intentions are.

A bid with a similar premium that Deliveroo has received (30% premium) would be disastrous. We're talking under 40p here.

We got offered 35p ish for MP alone from Selkirk (although was it fake?) and Matt rejected that, in fairness.