Member Info for Starfighter

Two cheeks of the same a…..

All but one of these law firm floats have been a disaster for private investors. Difficult to see how that might change when you analyse their models.

I think the SP is being held back by concerns over the US adventure. Is this management board up to it and is its strategy the right one?

Only time will tell but until confidence is locked in, the trading range won’t change.

There is no doubt the chairman has been a huge disappointment. When it comes to THG he is not only invisible but he’s completely ineffective and has done nothing to justify his remuneration package.

However, I would suggest much of this is likely to be down to the CEO and his continued belief that THG is his train set and he will decide who might be allowed to touch it.

This is the fundamental and catastrophic problem for all shareholders who hold shares and wish to generate an investment return.

The Chairman is woeful and must go, but so too must the CEO because his antics are the main reason why the share price continues to be an abomination.

If you own less shares than Moulding’s dogs, vote against the reinstatement of the chairman. In fact, let’s hope his dogs can see how abysmal the Trappist Monk secret strategist of a chairman is, and vote against him, too.

Time to go Matt. You are not cut out to be a CEO of a plc and no matter how hard you try, it’s not in your DNA. Step aside and let somebody with the necessary experience and maturity turn THG around.

The share price has become an abomination on your watch and you simply don’t have the skills, the ability or the respect of the market to change it.

Be gone, and stay gone.

Not lenient OSG.

I’d say putting a marker down. . Today the Trappist Monk Chairman, tomorrow the man child CEO.

Start listening, start taking advice and start performing or we will keep agitating and keep building shareholder discontent.

Kelso are a noisy nuisance trying to force a change of course. If they succeed the SP rises. If they don’t (and I don’t see them overcoming the obstinacy of the CEO), there are plenty of Groundhog Days to come.

Aimho but I hope I’m proved wrong and the long term investors who are treated with utter contempt by this woeful BoD see some RoI.

Lord Allen of Trappist Monksville might even show up to this AGM to prove that he’s not some mythical creature and that he really does exist.

It really is appalling that the CEO of THG seeks to stifle legitimate questions, which he perceives as criticism, by buying a significant stake in the company he believes to be a detractor.

The share price imo is where it is as a direct result of the market’s perception of its CEO and the way he conducts himself.

Seems to be a wealth generation scheme for insiders. This is not listed company behaviour. This is self-interested owner/manager behaviour.

There are red flags everywhere.

I expect to see £2 by the end of the month barring an escalation in hostilities in the usual hotspots.

A CEO who constantly hits his numbers can pontificate and criticise the market as much as he likes. One who is incapable of that is dismissed as a clown engaging in diversionary tactics to conceal his own failings.

The market responds accordingly.

Tav, whilst JD hasn’t bet the farm, it has committed significant resources to scaling in the US. If it works, JD will move on to the next level. If it doesn’t, it will cause many to question the BoD who have yet to prove themselves imho.

Only time will tell if the US adventure (and by implication the BoDs growth strategy) is to be a success.

The market doesn’t think JD can cut it in the US. This will weigh heavily on the SP unless and until JD proves otherwise. I expect this to drift until we see some positive numbers from JD or others in the US.

The BoD will be toast if the US adventure is anything other than successful over the next 12 months.

I agree, they are cashing out and trashing the share price as they do it. And they couldn’t care less. Not one for me. They will be lucky to still be at a £ in 6 months time.

It was much like previous presentations although in fairness to the CEO. I thought he did ok on the Q & A.

The SP does not improve on the jam tomorrow forward forecasting of a CEO who;

1. Plays silly games with last minute announcements which makes him look childish and just reinforces the perception that he is not cut out for the role making the company uninvestable.

2. Doesn’t take responsibility for the SP or oft poor numbers and engages in diversionary tactics to explain the exceptionally poor SP (shorts, Yen etc).

3. Has missed targets and projections so often that any future targets and projections are dismissed and therefore never lead to a positive sustained share price increase.

4. Refuses to provide a strategic update and allows a chairman to go missing.

The only ways out of this hole are to trade out and deliver positive numbers year on year and deliver profits or through a takeover. The latter won’t happen because the CEO and his mates control the shares and solidify their control through unjustified dilution.

The former will take years to achieve but is dependent on the removal of this CEO and the in office, but invisible, chairman.

This company is being held back by its CEO, he needs to resign and make way for a seasoned, mature and capable CEO with a track record of delivering good numbers, profits and a strong sustainable SP.

Until that happens, it will remain Groundhog Day for the company and its long suffering long term holders.

Potential, potential, potential. But it never realises that potential and it never will, with a CEO who plays silly unprofessional childish games.

Full year will be the same as usual - unfulfilled potential with the man child CEO promising that next year will be different, except it won’t, it will be just like all of the other years since it listed.

A growth stock struggling to grow in key areas, delivering no profit held back by a CEO who is not capable of being a CEO of a listed company. Another 12 months of drifting is assured unless some spectacular announcement is made on the investor call, which I very much doubt will happen.

I’d love to be wrong but I fear it’s going to be another THG Groundhog Day presentation from a group who now look and sound like they can’t be bothered.

It’s probably time for Matt to open up his bag of spanners and start selling them off individually now.

Still no strategic update - promised over 12 months ago.

Still no word from the Trappist Monk Chairman or IR despite Matt saying he’d take on Board the poor comms.

Still no improvement on the share price since Apollo bid rejected.

The Board looked beaten on the investor call, the company looks beaten.

Either Matt needs to hand over to a proper CEO or start disposing of the spanners as the sp is going nowhere any time soon on his watch.

I speculate but I expect to see it close up around 4% unless we get an exciting strategic update which we might……

If we don’t, we have an ok set of numbers from a growth company which isn’t really growing but is making progress all the same.

Without a good meaningful strategic update, it’s going to be a grind to get back to a quid.

I have a hunch though that MM is going to stick it to the shorts this morning and announce something interesting.

Let’s see - GLA

Worrying downward trend and Directors dumping shares. I popped in here to see whether the fall in share price make this one attractive. Not one for me. I don’t like the negative trends and don’t see any upside during the next 12 months.

Posting this analysis in the Grocer which remains spot on despite it being almost 12 months old.

https://www.thegrocer.co.uk/mergers-and-acquisitions/the-price-of-taking-thg-private-may-prove-hard-for-bidders-to-swallow/678365.article

Has anything changed in the last 12 months?

The price is broadly the same. There is still no strategic update. The CEO and Board remain dysfunctional. We’ve had a set of mildly encouraging numbers but to move the SP, encouraging numbers must be the norm, not the exception.

LTH have been patient but they lose patience rapidly as a result of petulant LinkedIn rantings rather than proper mature investor communications via RNS.

Yes there has been a decent increase in the last couple of weeks but as another poster said recently, THG has a CEO whose antics can drop the price 25% in a day.

It is sub 70p and imo getting back to a £1 is going to be tough because I expect the same chaotic behaviour from the CEO over the next 12 months backed up by the all too often dismal figures and losses.

It comes down to this. The CEO needs to go. He is a liability and he is incapable of changing. He’s despised by those who are integral to the LSE and he’s dragged THG into a fight it can’t win unless it can regularly produce stellar numbers (which it’s proven it can’t).