Member Info for Ste2000

Monty - somehow you have totally misunderstood the RNS - Matt moulding hadn’t sold any shares
Steven whitehead an employee of thg has old circa half his stake due to personal financial reasons
His shares were in a holding company FIC , which is owned by Matt moulding, as this allows whitehead to have a loan against the shares used for collateral- essentially so he could enjoy his wealth without having to pay capital gains on it through selling shares (very common). Unfortunately did him due to share price fall, it is likely his shares did not cover the loan value and if he could not raise equity elsewhere to cover, he had to sell shares as part of the loan Covenant

My guess is that the extra shares sold (3m) is to cover the loan (due to SP crash) but also to cover capital gains bill (as he would be liable on circa 30% capital gains on all £8.5m as shares were vested so awarded for free)

My feel is whitehead simply got screwed over by shock falls in SP and was hit with margin call

Moulding cleverly avoided this by totally removing his share pledge against the loan on 19 October 2021 and I guess selling one of the properties to fully pay back the 100£m

There was a 4m share trade yesterday the minute this news was made and I wonder if this was someone buying whitehead shares back from Goldman (but having to wait until this info was in the public domain)

How have thg mugged us off now

Thanks poker
Yeah FT are so into value destruction here - esp one of their journos on Twitter. Real vendetta. It’s pretty sad really

Does anyone have the full article from this (no doubt) hatchet job by FY
https://www.ft.com/content/efc904d2-4a75-4ea8-92f8-9c3a7683fca2

Not sure I agree Dan
All SoftBank investment goes through a 3 Person sign off of which son is key
And mounding has shared in updates how son was involved in this deal - son is key. If he wants the option it happens, if he’s doesn’t it won’t but all power goes through. Son

it seems that the THG operates on its own trajectory. still under pressure and still needs material RNS news to improve

yes you can tell when the US opens as THG gets shorted down

Poker...that did make me laugh

100% agree - obvious somehting positive is coming. dont sell before we know what it is as this is an impressive and sustained rise, when boo/asc/dark etc are unmoved

I got this from investor relations today (I was complaining that MM mum felt the need to take on a journo)
Thought it was a good reply, and interesting they have a new group comms director - I am impressed with how quickly THG are reacting to whats asked of them (goverance/ ingenuity disclosure/ and now this)

Any message to the journalist would have been made in a private capacity and was reported as such.

The Company has a strict policy limiting the people that are authorised to talk on behalf of the Company and its businesses. A new group communications director was recently appointed to renew the Company’s media relations.
We will update the market in due course on all of the strategic changes that have been communicated, including the appointment of an independent chair.



Yours sincerely,

THG PLC, Investor Relations

Also thanks to you Joner, another great article share
factual articles from big investment firms vs emotion from unknown trolls is very helpful
thanks Joner

Great find Dan, thanks for sharing. your comments and analysis/ article sharing is much appreciated, and better than the crap so many trolls throw out here based on no analysis
please do keep it up

Nonsense. The volume was 24m out of 1372m shares

as a reminder to all, this is the investment model Softbank agreed for the option:

SoftBank option illustration: assuming 60% recurring sales mix from 600 sites live
by the end of 2023 (£170,000 revenue/site) and a 4% revenue-share on £2.5bn GMV
from Beauty & Nutrition, then Ingenuity Commerce revenues annualise at £270m in
FY23 vs £4.5bn option price.

Wow - are FCA investigated, apology grovelling, fee withholding moaning NUMIS actually putting 150p on Thg?
Vendetta anyone
Agree RBC is well written and I agree with ingenuity valuation potential (it makes sense based on THG preso which highlighted 600 websites/ 170k ARR/ 4% GMV share on 2.5bn nutrition and beauty business- which is bang on track)

Board —sorry

I think it is the company and the birds job to make shorts want to go long
Ignorance or silence is not the answer
Action is needed
And Mm cannot be allowed to be chairman- assuming he would be removed anyway at next AGM

It’s not. He’s scare mongering

surely it is about to go private - this is literally peanuts now for any private equity + MM