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Manc, excellent post. Spot on imo. Sit on hands and panic not is the right way I suspect.

Article is a lot more balanced than previous. Reads like a news item rather than a vendetta that it previously was. Attacking is over it seems. Dogs called off as job done imo.

Sparta Capital recently became the second activist investor on THG’s shareholder register after a substantial decline in the company’s share price. THG was listed with a valuation of £5.4 billion in September 2020, but is now valued at about £1.2 billion.

In our view, this strategic shift is akin to the major oil companies diversifying into renewable energy and highlights the huge relevance and underlying value of THG Nutrition,” Kelso said.

Kelso Group, an activist investor that bought a stake in THG in January, has urged the board to sell off its Myprotein nutrition business, suggesting the former Hut Group could realise “significant” value from a sale. Food manufacturers would be interested in nutrition brands because they are being encouraged to diversify towards healthier products, Kelso said. It named Nestlé, Coca-Cola and Mars as possible buyers.

It set about improving its corporate governance last year to reassure investors about the strength of the business. Charles Allen, 66, a former chief executive of ITV, was brought in to replace Moulding, 51, as chairman to “refresh” the board. Allen said Farr’s appointment would improve corporate governance and enhance the board’s independence and diversity.

THG brought in Farr, 67, who is also a non-executive director at British American Tobacco, after making a loss of £496 million and coming under pressure from an activist investor to break up the company.

Mood...

Matthew Moulding’s beauty business has appointed Sue Farr as senior independent director to strengthen its corporate governance after it received a takeover approach from Apollo.

If 8 arrives, I'm buying Liverpool!!! Sorry

Jeez. The Times are so far behind the times!!
Asos being shorted is hardly a surprise is it! 4 million is peanuts to these people. If they were confident, it would be a lot lot more.
They are now unwinding these positions in my view. Times need to sack their correspondent for posting old news! Should do better mate.

I've just read the FT article about MM. Patronising as Heck. MM is from a modest background and they make it seem like he is not worthy.
Awful, really awful.
I don't know the man, but I understand fair play. That is not fair.
I can see why MM inspires his team. The establishment should go do one. I'm with MM. Even if I lose all my investment.
Atb.

No chance. Usual games. Stay tuned, imo this will finish strong. The weekend will likely bring more leaks and press banter. People will want in beforehand.

Looking forward to our pals giving this a nice afternoon going into the weekend. 100+ will make my beer taste nicer!

If 150 is the starting point for negotiation, that's good. Should then finish at a figure starting with 2..

Helping them ease out. Key is shorts are on their way out. Hold firm folk.

Reassuring stuff.

Something must be cooking. Looking forward to some news and movement here. About time too!!

That is the risk traders are taking. Could land anytime. Tick tock...

Just read the FT article. It's so one sided and anti moulding, I'm surprised the editor allowed that garbage bilious stuff to be published. FT must be lowering its editorial standards. Pond scum is about right.

Fishy this. 1M UT at the high point of the day. Convenient for some! IMO of course. Not alleging anything. Wouldn't dare do that.