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Hence the Multiple PE interest and multiple parties already rejected. And one of the largest PE firms in the World about to join this party!

Only need to add 2+2 together with THG it's not rocket science!

Now the question is, the PE firms already circling for months, will they be returning with an improved offer?
You bet your bottom dollar they will. Now or never, once it's gone its gone!

Interestingly as MM confirmed all offers so far has been for the whole group!

The City Spy
@TheCitySpy
·
1h
Word is Carlyle #THG circling is much more realistic re: true value

Well someone just piled in with 400k shares jeez ;)

Whats going on here, super quiet with major news on Carlyle, whats everyone doing just waiting for the bids to roll in lol.

Bidding war in the offing...

https://www.standard.co.uk/business/thg-ingenuity-everymile-matt-moulding-wpp-mark-read-b996088.html

Ha you just cant make it up!!!

;)

Chadster - spike to 116p is absolutely nothing!! Just a blip.

You carry on watching from the sidelines, you will soon find out what a real 'GAP UP' looks like! Keep your eyes peeled, and your eyes peeled on the 7am RNS each morning!!!

Clearly one of the biggest M&A play on the London market right now.

Intriguing and exciting to see what happens over coming days and weeks. One leak, and this gaps up anytime.

A fourth US-based private equity firm is circling THG, the e-commerce company.

People following the situation have heard Carlyle has been studying THG, which is led by Matt Moulding, with a view to making an offer for the business.

Carlyle is rumoured to be working with advisers from Bank of America on the potential deal, said these people following the situation.

However, it's not clear whether Carlyle has made a formal approach for THG

(Article continues with MM's comments with regards to the approaches from PE's from the webinar)

Yes, looks like notice has been served!

The nerve they have, with the legal challenge, they still have the article on lol

Pure FUD from The Times. Obsessed, and personal. Must have a team dedicated to THG.

Anyway all hot air. Whats the big deal. They would only be investing in an area where there is no market. Look at THG Ingenuity who have spent several years+ to develop their business, spending Billions, making strategic partnerships, and its not worth anything. Can buy it for £1, they say currently no value is attached to it.

Now I could totally understand if a leading technology Investor like Softbank invested plus maybe 25+ institutions, and many others also wanted to get a piece but couldn't, and they all thought it was worth several billion. But this is not the case. It's not worth anything.

If I was The Times, Telegraph, multitude of 'analysts', I would advise WPP and any others thinking about it, don't do it, whats the point. There is nothing to see here. Well thats what they have been telling us!

Thanks Hosai, just skim read.

I think the BOD would have enough integrity not to be doing that.

I'm sure they would be breaking a number of laws and regs. They are employed by the shareholders, voted by them, to look after their best interest.

All shareholders would want atleast close to IPO. MM clearly alluded to this. ("IPO £5, targets smashed since, yep things have changed", so worst case scenario, let's leave things neutral i.e. still in BODS mind worth £5)

And also if that did happen, everyone involved, they would never be listing another company anywhere!

So no, i don't think it's even a possibility. a non starter. MM said " they would do the best for everyone on the share register"

As shareholders it would be nkce to know and for Mr Market to know exactly what the offers were, there were multiple offers from one party. And speculation is could be 300p+!

If thats the route, just open a Formal sales Process and highest bids in, if BOD think reasonable, present it to the shareholders, sorts everything out ;)

Cheap buy out is simply not happening, simple as that.

How many CEO's own 25% of the company?
How many CEO's have a golden share?
How many CEO's and friends own more than 50% of the shares in a company?

In the UK, not many, if any at all.

If the attack on THG is for a cheap buyout, they have completely miscalculated.

If they want to offer close to fair value, go ahead and the BOD will consider!

Hence my thoughts last week, any other company and it would be susceptible for a cheap buy out, but nope not here!

The agenda is very clear. 16 years as a private company, and it went quietly under the radar, 18 months listed, and just look at the sxxx that has been thrown THG's way and MM personally!

UK dinosaur market stinks, there should be no major IPO full stop, they would soon get the message.

Exactly - It's a disruptive model, taking well known brands for Global FMCG's Direct to Consumer.

They have the largest and most sophisticated Studio in Europe now in ICON, where Cristiano Ronaldo was a few weeks back!!
And also most probably the biggest collection of Influencers who can push products on social media.
With it, we know atleast 5 of the top 10 largest FMCG's in the World are now signed up.

All points to the fact, some traditional companies, used to a certain archaic way of working, are not going to be best pleased!

More £££ coming our way, clear means less for them!

Clearly MM underestimated (naïve) to think how the market functions. Your old city types are not going to accept you. In UK is just steady eddy and give them a bit of dividends. In hindsight, US was the place to list.

He alluded in the Webinar, clearly emphasising, it has to be THE RIGHT ENVIRONMENT, for THG to prosper. Said back in Oct/Nov, he can take it private.

Anyway this has given us a huge opportunity for those that can glaringly see the complete disconnect between the current market cap vs actual business value. (Certainly multiple US Private Equity firms see the same disconnect, as they seem to be circling like a pack of Hyenas, all waiting to pounce)

DYOR

Big corporate activity is on its way. Time to sit on hands and do nothing.

One things we know for a fact with all the bids/proposals rejected, it's worth a hell of alot more than current market price!

DYOR

Ste - agree. With those flurry of buys, algos went into panic mode lol

Mud will be thrown are way, paid derampers will appear again 8am sharp tomoz. Forget the short term. Sit on your hands and do nothing.

They are seriously getting desperate now. We need to look at the bigger picture and the end game.

Which will clear grow larger with the new fulfilment centres lined up in places like Melbourne and Dubai!

MM said it will be maxed out in a few years!

Remember what Fitch said about Ingenuity...

"THG's in-house "Ingenuity" platform and owned infrastructure represent a high barrier to new entrants, only matched partly by Amazon. However, THG operates in higher-end segments, where brands are careful to curate their image, and in how they reach out to consumers, versus Amazon's "mass" positioning, with its main appeal to buyers as a marketplace focussed on product breadth and service with swift delivery capabilities"

Something is definitely amiss with The Times!

Anyway let's look forwards, onward and upwards. PE is going to buy THG out, or with the help of a PE MM is taking this private!

Let the bids flow in, see what Carlyle Group have to throw our way. Once details of just 1 bid is leaked, BINGO...

No one have still read the Betaville article???

This actually shows the massive inherent value in THG! The automated global fulfilment centres are unrivalled. They will be knocking on THG doors to use our fulfilment centres! Lol

Anyway with THG Ingenuity taking multinational Brands products D2C, is this a threat to advertising marketing agencies like WPP? Are they then seeing spend on ad & marketing reducing? Not sure!