Member Info for Showsnowman

The more I read about these guys, the more I like. I will await next weeks news with interest.

Add to that, the Ingenuity Division is a hard one for people to digest. I listened to the investor call with interest and I find its earnings potential extremely complex to evaluate. If they can somehow simplify the messaging, then I’m sure the city would give it a more material value.
It’s also tricky to see exactly how it becomes a stand alone division, which again any fund of entity looking to buy/ split up the business will evaluate.

I don’t necessarily think that MM has performed poorly, because the markets in which THG operates have been extremely challenging. My issue (and I think the one the hedge funds thrive on) is that his mantra is ignore the noise and smash the numbers, but he then does the opposite and misses his own guidance (time and time again). If he was able to just hit one target, the city would have more respect for what he has built. His chairman worries me more, he’s virtually invisible .

**acceptable offer**

You called it - stick or twist. Right now it’s a binary bet on an acceptable being made.

A highly preliminary and non-binding indicative proposal is about as early stage as it gets. Plus it was clearly before their latest disappointing update. A very long way to go before anything is in the bag. I can’t quite believe what some on here are posting. The share price tells you everything, not to mention todays volume. And I’m a holder by the way, before anyone suggests otherwise.

An approach is one thing, an acceptable offer is something different entirely.

There is every chance Apollo won’t make an offer. Even if they do, it’s highly unlikely it will be an acceptable one. The recent update was another miss and their path to cash-free neutral looks cloudy once again. I wouldn’t be surprised at all to see Citadel or MW increase their short on that scenario.

There sure are a lot of potential Boots related links at play here.

Is this the same John Goold of Oncimume holdings ltd that has a Boots connection via Medicity? A poster on ADVFN has suggested so?

Nice to see.

I actually don’t think they lack ambition, they just need balance it with some prudence. Especially as a listed company. Even more so if they ever do go for a premium listing. I deliberately didn’t mention the P&L in my previous post as I’d like to see some data split by Division..

I think CEOs and companies learn the most during the tough years. Let’s be honest the last 2 to 3 years have tested many bigger companies. MM may not quite have navigated life as a listed company perfectly (in fact quite the opposite some may say) but I think that’s likely true of many entrepreneurs. He needed a good chairman from IPO in my opinion, but at least he has rectified that to some degree (although we need to see more from him). Missed guidance is always a red flag (it is to me as a private investor), but in the the last update, there were positives - He has now embarked on some cost reduction activity, which I see as a positive. Sometimes when you embark on the IPO fuelled growth story, companies grow too quickly and get too fat. Whilst I personally think the balance sheet is in reasonably good state, given the preceding 2 to 3 years (IPO assisted of course, this also now seems to be on THG’s radar, and once the markets return to growth, the balance sheet should be fine. Who knows what the future holds, but THG at 52p as we emerge from these tough times, with the brands and divisions we have, that should look like an absolute steal in 3-5 years. Just my opinion of course (Provided MM doesn’t take it from under our noses)

Correction - CAN understand why others might be.

I’m not too personally worried about the additional shares either HH, (I have other concerns I’d like to see addressed) but I can’t understand that some holders might be, because everybody’s journey, average price, situation Etc will be different. It’s easy for these boards to transcend into name-calling etc, but these boards work best for me when people challenge each others thinking, but politely and respectfully.

Issuing more shares against the back drop of the recent disappointing updates, was always likely to cause some further frustration for holders. But no, the happy clapper fingers-crossed hopeful brigade can’t even accept that! They’d rather just refer to disappointed holders as non-holders, derampers etc. It’s easy to spot those that make interesting contributions to the board, just use your Filter button folks.

I’ve started so I’ll finish! LOL
I think what you are all saying (collectively) is that the SOP valuation here is attractive. I certainly wouldn’t disagree. All the divisions have potential to put two challenging years behind them now.

I think what you are all saying (coll

Ha ha, why not just “Al” I’m sure he’d love that!!
Despite the odd waspy name-calling post, this board is actually quite amusing. Enjoy reading it. A vast range of differing views, which makes you think. Unlike the BOO board, checked in they yesterday, what the f**k is going on over there!!! ??

I agree B1nky along with getting full transparency on the share register.