Member Info for SonnyBurnett

The City Spy
@TheCitySpy
·
9m
#THG #TheHutGroup #RUMOR is 500+ is the ask, 400+ would be the concession*.

*Source contacts of major holders, secondary info.

This part was funny,

"Another investor said that he believed the 170p price was a “shot across the bows . . . we shouldn’t be selling for less than £2.” That would still be 60 per cent its 500p listing price."

Who did they ask that? A short term trader from this board? lmao

Nice read Hosai.
This was the best part for me:

"One of THG’s biggest shareholders told The Times that he was “sitting tight” in the expectation of more bids and said that a 170p-a-share approach only valued the business at one times its sales. Recent private transactions for similar nutrition and health businesses, such as Nestlé’s acquisition of Orgain, were going for five times. “

So one of THG's biggest shareholders thinks fair offer should be closer to 5 times sales.
Good to know how major holders think about this.
No cheap takeout support from at least one of the largest holders then.

Yes, i agree Kbyk.
Plenty of upside from here.

I've added at 145p.
I fully expect Carlyle to surface sooner or later with an offer well above 170p.

Hear hear Kando!

@HarChris, because it could be 23% of Musk's Twitter followers are fake/bot accounts which puts the total real actual number of Twitter accounts into question which is why Musk possibly doesn't want to offer $44B.
And he would be right in doing so.

If MM, Softbank and the other major holders launch a bid it should be close to float price.
They wouldn't need a large amount of money because 80% or perhaps even closer to 90% is already in the hands of major holders.
MM trying to buy this below IPO price would not only show that the media were right about him being shady, it would also open up potential class action lawsuits.
You can normally only get away with a low offer if the business has deteriorated, this isn't the case.
In fact, it has beaten IPO targets, and expects strong growth of 20-25% this year so MM would be screwing all people who bought at IPO and prove the media they were right about him all along.

Somehow i don't think he will want to risk that.
They only have to buy a small amount of shares in a MM/major holders buyout so why risk lawsuits and reputational damage? Doesn't make sense to me.
Also, we have potentially Carlyle yet to make an offer. ;)

It should be, yes.
Seems still many private investors are willing to part with their shares at low price.
Idiots.

RNS after market closed was a great move
Squeaky bum time for shorters tonight.
They won't be getting much sleep :-)

170p offer, what a joke!
500p and they can have mine.

global, sorry for typo.

"Allow" in the sense that for major O&G with massive amounts of cash and globla pressure from governments to help get rid of Russian dependency, why let a small company go ahead and make billions when you can make an offer of 5 times current share price to acquire the company and still make a massive profit in the future (profit for the major that buys the assets)

It does seem like they are going at it alone but i seriously don't understand why major O&G companies would allow a small company to raise $300m debt financing and set up a project that would enable them to make billions.
Surely with all the Russia dependency talk, gas prices and shortages some major will step in and make an offer?
It seems weird they would allow Chariot to make billions in the future when they could easily offer a 100p and be done with it?

From Toansy on ADVFN just for you Algo:

Pls tell that Arse Algo man and his mate over on LSE that the share register is up to date on “share view”. I’ve posted the image on my Twitter with all the top shareholders but my Twitter shows my identity. He is talking about us bias trigger happy investors. How about his bias to not believe and jump to conclusions and thank the people that do proper research. Even better copy my response over to the clowns.

Cheers

Toansy

From Toansy on ADVFN:

"Surprise surprise!!!

Just seen evidence that Goldman Sachs have accumulated a 5.7 percent share of THG that is yet to be formally disclosed. It’s public info but not on morning star which is well out of date.

MSCI methodology is 14 percent of the free float which is only 10 percent. Shares out on loan is circa 6/7 percent. So THG shares will be bought by the end of business of This month for MSCI and under their methodology it’s 14 percent of free float. What happens when shares get added to an index ?

Why do you think there has been all those large after hours buys and the share price ticking Up when the market isn’t very positive in general?

Prepare for the rerate of all rerates."

If no PE negotiations atm i would also support a £50/100m buyback.
Might actually help in pushing PE to launch a firm offer.

@2phevs, i agree. The valuation is baffling.
The disconnect between company performance and share price performance is just crazy.
Surely share price has to make a violent turnaround upwards at some point.

Just noticed Anacott already posted the article last Friday.. o, well lol

Cont:

On the future direction of the company, Mr Moulding added: "We are making long-term strategic decisions for THG as we recognise the enormous opportunity that that the structural shift to online e-commerce will bring.

"During 2021, we invested £1bn across infrastructure, technology and acquisitions to further develop the long-term growth prospects of the group, and completed many transformational projects on a global scale.

"The investment that we have made in our global manufacturing, fulfilment and distribution network provides capacity and capabilities to continue to build leading positions in our core markets across technology, beauty and nutrition, supplemented by in-housing recycling infrastructure to support our target of recycling more plastic than we produce.

"Our vision has not changed. THG Beauty and THG Nutrition are focused on becoming the undisputed digital leaders in their categories.

"THG Ingenuity aims to be the leading technology platform for the enterprise market, powering digital transformation for brands globally.

"Whilst we have made substantial progress and remain committed to executing our strategic growth plans, we are naturally disappointed that this has not translated into tangible shareholder returns.

"The management team, with our board’s full support, remains wholly focused on delivering our strategic growth plans in 2022 to drive shareholder value."

https://www.business-live.co.uk/retail-consumer/thg-hints-boardroom-shake-up-23882204