Member Info for Showsnowman

When you miss guidance on three successive occasions, it is going to attract some negative reports and downgrades, but I can’t help think they are all a little late to the party. My personal view is MM won’t ride to the rescue for anything above £2. I have a feeling he will line up his backers, sweeten the II’s & charities with new shares and just blame the city for not understanding THG. I actually hope he doesn’t, because if THG can navigate these tough markets, 50p may well look like a steal one day. I just think the golden share will deny us that opportunity. The SOP valuation is nuts really, but it’s a confidence thing as much as anything now. And I agree with everyone, where is our chairman? Let’s hope some deals land soon and MM can restore some confidence…….

Yes N1, a good company with many positives (and very attractive SOP valuation), but currently run by a CEO that updates the market with smoke & mirrors, and overpromises and under-delivers. Sadly the wider market focuses on the latter and our investment suffers as a result. Very frustrating. Let’s hope some positive news land soon and gives us all a lift.

MM has said in interviews many times that being a listed company feels like having his homework marked, so he knows all too well what a 30% miss on guidance will do to the share price. This is all playing into his hands. Call me synical, but he just needs one backer with deep pockets and he’s taking this private at a price few here expect. I so hope I’m wrong, but I have a bad feeling about this.

I couldn’t agree more. Marshal Wace once again made the correct call. I’ve been waiting for 12 months for MM to prove them all wrong, and with the run up to today, it looked like he may well just do it, but how wrong we were. It’s going private now for sure, for a fraction of what most on here think. MM + his backers can walk away with his baby for a pittance and he can just blame the market for its valuation.

For such a talented entrepreneur who I greatly admire for what he has built with THG, I just can’t believe he is that naive to run a PLC in this way. He knows the wider marker doesn’t trust him, he knows the hedge funds feed off his obscurity and over promises and yet again, he gives them all the ammunition to tank the share price again. No doubt the negative press will now join the party and we will be in the 40's again. Which makes me think, maybe this is the end goal: Under deliver, tank the share price to allow somebody to gobble up more free float and take this private on the cheap, with the help from some close to him. He would have known todays SP reaction and that is why there is no conference call. The spin in that RNS was shocking. I believe they are making progress on many fronts in a difficult market, but nobody will forgive this under performance and so For the first time ever, Im seriously doubting his intentions are aligned to mine as a private investor. Sad and maybe controversial, but that is how I feel after such an update.

There is a lot of talk on here about manipulation? I just don’t understand it. Today’s update was a miss on every single level. A big miss from the October guidance. If people are selling (and shorts are increasing) then it is totally to be expected. I am a large shareholder here, so I have nothing to gain from talking down this stock, however, Matt often uses language like “smashing the numbers” and continually does the opposite. He gives the wider market all the ammunition they need not to trust him. No mention either of any of the objectives they set at the start of 2022. As I mentioned in my previous post, 2022 was a crap year for many, and THG are making some positive steps, but let’s not dress this up as manipulation, this is a company missing their own guidance.

I think that is spot on Golden. That RNS was a great lesson in spin. A miss on many levels. 2022 was a very tough year for many so we mustn't overlook that. Such times are often what make companies leaner and meaner for future years, so hopefully that is the case here. I have a large holding and I’m comfortable with Beauty & Nutrition but it really is time to deliver on Ingenuity.

Yes I tend to agree. Will certainly give the hedge funds a dilemma. If THG can report a strong Black Friday, could really be a turning point. Certainly feels like the tide may be turning.

SP28, let me try and politely give my view (and before Hopeful jumps out of his box again) - I do hold a significant qty of shares, mostly bought at 140p ish and since averaged down to 90p ish.
I have no problem with hearing positives and/or facts as you referred, because most of them are not in dispute. Likewise it’s great to see the SP rise. The way I look at things though is that the facts / positives don’t mean so much when the SP is languishing at 10% of IPO levels. The market has its issues with both MM & THG (along with others in similar sectors) so I read the bulletin boards to get some meaningful insight into where the disconnect is. I like reading Goldens posts for example as mostly they are research based. They might throw up positives and negatives, but that’s then for individuals to form their own opinions. The market versus MM is a debate I find fascinating because he is the guy that will ultimately decide our fate here. The MM generous versus ruthless debate (& which side will humble shareholders come out on if he takes it private) Having been shafted in the past by self serving AIM CEO’s I like to read all the angles on MM. The hedge funds are increasing their short positions too, which makes me want to ask what do they know that we don’t.
I’ve said publicly that I’m here for the SOP valuation, the growth sectors TGH are well placed to serve and the potential corporate activity (which I feel is coming) so the bb posts that provide insight and research (positive and negative) I like to read to give me further perspective (to help confirm if I might be right or not).
Just politely sharing my thoughts....

Surely we’ll see some TR1’s soon.....

Unlike Hopeful who’s wetting his Y fronts on days like this.....

I was surprised Oxford that MM didn’t take the opportunity to take more of the SB shares?

Yes some very good reading Oke. I would also like to think we see some upside in Q4 & 2023 from automation and the prepaid stock for the warehouses MM mentioned on the call.

Ah I’m sorry.....I’ll be sure to post something really positive tomorrow for you.

My post wasn’t aimed at you HH, Just to be clear.

What a fantastic debate this evening. Goes to prove that when these message boards work best is when everyone remains open-minded and politely challenge the thoughts of others. It really speaks volumes that all these people that have been accusing people of NEGATIVE / FUD spreading and shorting etc, etc have added nothing to this debate this evening. ZERO.

To the filter list, Some people on here really are short of brain cells.

Golden, please continue to post factual / comparative information. Some on here might not want to read it, but I certainly do. There is no denying that Ingenuity (the IPO Crown Jewel that SoftBank got so wrong) has underperformed thus far. That said, your Shopify update does confirm the opportunity that THG and Vivek have if they can manage to get a wriggle on. As Oakhurst points out, the market attributes little or no value to Ingenuity, but if THG can deliver on their own internal Ingenuity targets it would be good start to correcting that. (Which Golden also correctly pointed out).

Yes slightly surprised we haven’t seen some TR1’s by now.

Get interesting.