Member Info for Starfighter

The AGM, an opportunity for serial non performing company officers to use their shares to protect their jobs, by voting themselves back in, so they can have another 12 months failing at every level.

seriously has it come to this? the feckless not for profit group that moulding has created, might actually turn a profit because of some convoluted **** up by hmrc who have wrongly interpreted the vat rules. a vat repayment is just glittering up the stinking stool. the appalling conflict of interest will still be there, the mute chairman will still be there, the jam tomorrow promises will still be made every 12 months, the obsession with market share not profit will continue but worst of all, the most inept ceo in the market delivering 97% share value destruction will still be at the helm. there might be a short term rise if the vat decision delivers some cash, but underneath thg will still be a basket case and will remain so until a credible ceo is appointed.

Time to load up ?

An SP rise would be welcome but if it’s VAT related, it’s not based on anything Moulding has done. THG will still have a distrusted inept CEO, a lame duck silent chairman and ineffective NEDs who refuse to address the tapeworm Ingenuity sucking the life out of THG. 30% rise if the VAT boon arrives and then within 4 weeks back to where it is now because the fundamentals making this uninvestable will bring it back to earth with a bump. That’s my prediction. I hope I’m wrong for the sake of all of those LTVs who have put up with this jam tomorrow sht show for years.

An SP rise would be welcome but if it’s VAT related, it’s not based on anything Moulding has done. THG will still have a distrusted inept CEO, a lame duck silent chairman and ineffective NEDs who refuse to address the tapeworm Ingenuity sucking the life out of THG. 30% rise if the VAT boon arrives and then within 4 weeks back to where it is now because the fundamentals making this uninvestable will bring it back to earth with a bump. That’s my prediction. I hope I’m wrong for the sake of all of those LTVs who have put up with this jam tomorrow sht show for years.

I don’t think anybody is going to spend multi-millions taking over THG in the hope they might be able to extricate THG from the Ingenuity contracts. That litigation could take years to conclude.

THG is stuck with Ingenuity. The conflict of interest is mind boggling, and that’s why the SP can’t improve materially. Nobody trusts the CEO, the lame duck Board and the ineffective NEDs. This is the biggest stinker on the market and it’s uninvestable as a result.

The contracts mean there’s only one show in town when it comes to a takeover and that’s Ingenuity.

A 10 year deal at this sort of monetary level, where no competitor even gets chance to tender for the contract awarded to ingenuity is an utter disgrace.

You can’t invest here, Moulding is taking it private and it will go private for less than a quid.

He’s the majority shareholder and he’s got a compliant chairman. He’s not going to sack himself or the chairman and he’s taking it private, so the cheaper it is the better.

Whilst the SP is shocking, it’s not being helped by the tango man bombing Iran. Everything is down and we can’t really blame inept Matt and the hapless mute chairman for that.

A good defensive stock, the turmoil should benefit the SP

The very positive capex spending position ought to be well received as it will lead to an upward profit trend now the big capex stuff is done.

A tasty sausage roll or a weight loss jab that makes your hair fall out and causes organ damage and other life threatening side effects? It’s a tough call if you’re stupid.

But the intervention had the desired effect and cratered the share price in a wonderful piece of market manipulation.

The shorts have had their market manipulation fun and it’s time for them to find another victim.

Superb questions but there isn’t a snowflakes chance in hell that any of them will be answered. The price of the Ingenuity relationship is the big one. That conflict of interest stinks and the contempt shown to investors and potential investors by refusing to engage on the topic also stinks.

If Ingenuity shares have tripled in value it’s primarily down to remain co because as we know, the “whales” were always promised but rarely if ever delivered. Remain co is propping up Ingenuity and Moulding and his mates are doing very nicely from Ingenuity’s success.

That success may well be at the expense of remain co, through remain co over paying for services.

APN is growing as is its share price. Whey prices don’t seem to bother it. Yes it’s not troubled by fluctuations in the Yen but even so, it is significantly outperforming THG because it makes a profit, so why doesn’t THG?

Is Ingenuity the tape worm sapping and debilitating the host, that many of us think it to be?

Answer the questions asked Mr Moulding - transparency is required.

Firstly, it wasn’t midnight where I was.

Secondly, the share price is not creeping up, nor will it.

Thirdly, when the tape worm that is Ingenuity becomes the size of a fully grown anaconda, it and Molding will acquire THG for under a quid.

Whilst you may not like his repetition, StanleyB calls out what was said pre de-coupling of THG/Ingenuity. THG should be profitable and it should be paying dividends. Why isn’t it? Because it is over-paying to get its goods to market seems to be the most likely answer.

APN is doing well - does it have some secret mine where it can generate whey for peanuts? Nope, but it doesn’t have a tape worm hanging off its ass, and that’s the big difference.

The conflict of interest is an abomination.

The city also knows that just by opening his mouth to evade questions Moulding can drop the share price 5-20%. Add in the LinkedIn rants and this share is a paradise for shorters.

It is a potentially great company with a terrible CEO.

Can you see 60p this year absent a bid? I personally cannot. I hope I’m proved wrong for the benefit of the horribly abused long term holders but I just cannot see any retailers, let alone one with a dysfunctional Board and unfathomable and opaque overheads, having a good year.

THG will not in my view have a good Q1 or Q2 and for that reason I maintain it is uninvestable - I hope I’m wrong, only time will tell.

Did he mention them flying off the shelves like hot cakes again this year, or did he focus on something else during the perennial car crash of an investor call?

And the biggest conflict of interest in the market continues to stink out the place, whilst the NEDs and the Trappist monk chairman look the other way.

Uninvestable.

Lord Allen of Trappist Monksville is sitting on heavy shareholder losses but still won’t it seems lift a finger to address the massive conflict of interest issues.

Let’s see whether any of the hand picked soft questioning analysts ask any worthwhile questions pertinent to the conflict of interest which stinks out the market, or whether myprotein is going to bring out a range of jams so investors could at least get “jam today” instead of it always being promised it tomorrow.

The jam never comes but Moulding will no doubt claim to be “super” excited about what the future holds for THG. Another year passes and the only common theme is that the SP is diabolical and the BoD ignores the Moulding effect on the SP and the rancid stink of conflict.

I don’t disagree that these things take time. What I’m saying is that there has not been a closed period for almost 12 months. I don’t think it’s plausible to say zero director buys is due to a perpetual closed period since Oct 24.

If post the sale of Ingenuity, a cash generative company capable of paying dividends genuinely exists (and I’ve seen nothing to support that contention so far), you’d think the directors would look to endorse that by buying shares, they are not, and I personally don’t think it’s because they have been locked out of buying for nearly 12 months.

Not true, directors have not bought for nearly 12 months. There has not been a closed period of nearly 12 months. They have had opportunities to buy but they’ve not done so.

People are calling for the directors to buy shares. The directors have been stung - look at their previous buys from around 12 months ago. The problem with THG is that nobody has any confidence in it, or where its SP will fall to. Unless Moulding pays them a bonus where he stipulates they must buy shares with it, you can understand why they are so reluctant to buy.

Why is THG such a dog that even its own directors won’t buy shares?

As I’ve said many times, it’s uninvestable because of the CEO. He’s hopeless, a man child lashing out to try and conceal the true reasons why the market considers THG to be some Wild West ungoverned outfit which is there to enrich Moulding and his cronies.

And then there is the conflict of interest stinking out the market. Ingenuity is controlled by Moulding and it’s biggest “independent” (guffaw) customer is THG which has Moulding as its CEO. It is putrid, it is unprecedented and it is appalling.

The Trappist monk chairman has done nothing about it and won’t even comment on it let alone address it.

As others have said APN is thriving, whilst THG is stumbling. That’s down to Moulding, the weak chairman and the weak BoD who are further diminished by every day that passes. They know it’s appalling and they know THG’s SP is destined to hover around these levels or possibly fall further due to the Moulding effect.

Censor away……

The “heavyweight” Chairman was brought in many moons ago due to the City’s concerns over governance. He is paid 450k pa.

He has done nothing to assuage those concerns, in fact, he has added to them because he has done nothing, even in the face of the worst conflict of interest in the market.

The CEO of THG is the majority shareholder in its largest supplier, Ingenuity. This is stinking out the market, it is absolutely appalling. The non-exces and the Chairman hold their noses and look the other way. THG is uninvestable because of the stench.

Add in the fact it’s miss after miss, profit warning after profit warning, childish CEO rant after rant, and it’s little wonder the market is so negative on THG. Why should the sp rise? It makes no profit, it has no governance and the CEO is hopeless and conflicted to an unprecedented level.

Absent a bid, why would the sp rise? I see no compelling argument to suggest it should do so.

Jam tomorrow promises and potential for change doesn’t justify an increase in the sp with a failed and conflicted CEO at the helm, that’s for sure.

Spot on yespsb. Many moons ago the justification for a poor set of numbers was the concentration on building market share. THG “absorbed” the increase in the price of whey.

This strategy failed. Once the product price went up, the not so loyal customer base abandoned THG and we saw a loss of market share because similar product could be sourced elsewhere at a cheaper price.

So why run this failed strategy again?

One or more apply;

1. Market share is decreasing because it is a saturated, highly competitive market, they are trying to stop the rot;

2. They need yet another excuse for yet another poor set of numbers;

3. Higher volume sales manipulated through THG “absorbing” whey costs, ensures Ingenuity generates good profitability through shipping more product.

The conflict of interest here absolutely stinks to high heaven. As I’ve repeatedly said, THG is uninvestable because it operates like a throwback to the days of the Wild West.

Moulding and the feckless chairman need to go. Until they do, the share price will keep grubbing about at these levels because the city simply won’t tolerate some Manc cowboy outfit having no regard whatsoever for basic principles of governance.