Member Info for stockbrokerbelt

He won’t mind me saying he looks older than he actually is 😂😂😂

Loved the gold buttons on his double breasted jacket. Nice contrast to Matt with his guns out 💪🏻🤣

Funny to read some desperate shorters on here this morning …

🩲 💩

*new dish when I go in to restock. Pleased to hear about the burgers too.

@yesimabeliever & @osg - they’re definitely expanding the range. They’re almost constantly doing it. Most times I go in there’s a

I don’t have anything frozen usually and had never been in Iceland in my life but they’re very good for people like me - want to eat healthily but too lazy to prep both lunch and dinner.

I just have them for my lunch - whip in the oven for an hour-ish and they’re done - then cook a proper dinner. Definitely helping me get in better shape as previously lunches were a bit hit and miss (often miss)!

3-5 year hold minimum for me. Maybe up to 10.

No interest in a takeover or buy out at all, want to see THG prosper properly on the LSE and become one of those major turnaround stories.

So, downloaded and ordered via the MP app for the first time yesterday (usually order via web). Super slick. Got two free gifts and free delivery. The shaker and the socks were decent gifts I needed actually, so a nice change and I’ll be taking the shaker in the gym so a walking billboard now!

Order arrived in less than 24hrs via Royal Mail. Unbelievable. They previously arrived via Evri who are awful in my area and so I was both shocked and delighted to see the RM van pull up.

I also ordered vimto clear whey for time and it’s magnificent. A game-changer for me and why I’ll be taking my shaker to the gym as I usually take a bottle to drink so now I can get my protein hit at the same time.

In other news, I’m still on the MP meals. The hunters chicken, meat feast and Singapore noodles are outstanding for a frozen meal. They keep adding more to the range though. I had Teriyaki noodles this week and it was literally overflowing with chicken. They do a mixed grill which I’ll be trying next time.

Product innovation and service is excellent here. Keep up the good work.

Hi all,

I don’t post often at the moment and to be honest, rarely check this board any more. Every time I do, I’m immediately deterred by the copious amounts of 🐂 💩 written daily. Not for me.

The LI post today was typical Moulding - egotistical. I have said many times that his rants are unhelpful and I won’t change my mind. Lord Allen is equally culpable for not reining him in, like a good chairman should.

It’s annoying for me because I really like the guy, often find myself having great sympathy for him and think he’s insanely talented in so many ways. But he is not an effective CEO for a PLC right now.

Ultimately, as I’ve said before, what he views as *his* company is now *our* company (collectively), but I don’t think he’ll ever accept that, or respect us in any way. I’m well over that.

Today’s message made it clear to me he’s under pressure. Firstly, as he got rid of IMc, and secondly because he twisted his LI post to be all about him and how he’s fought off challenges on his leadership before.

It’s quite clear to me that he has some shareholders calling for his head and he’s used today to make early moves - to tell them he’ll fight them all the way.

The thing that frustrates me the most is that today’s message could’ve been so different, so positive. Sharing all their achievements and pointing out the great conditions he’s leaving THG under. Sadly it was an opportunity wasted.

Despite all this I’m holding and won’t be selling. In fact I might buy some more. Despite being very frustrated by moulding, I still believe in him to deliver growth and improving numbers. And whichever way you look at it, THG is massively undervalued.

So I’ll be waiting it out until that valuation is realised, which I think will be under Matt, but I’d really appreciate it if he grew up in the meantime and recognised his role as a custodian of my hard earned investment. Just deliver good numbers and be quiet, please.

Stockbrokerbelt

Have to say, whist I find a lot of the negativity on here very self-motivated, I think the situation with IR ignoring investors is an absolute disgrace.

Is there no obligation on listed companies to communicate with investors - or any regulator we can complain to?

Didn’t Kelso invest in The Works? In which case they’ll be hoping the US listing and SOTP valuation gets realised ASAP.

Yes.

My point is we know MM’s red lines:

No leverage (probably tough in current market) and no total control (breaks PE models).

But if I were a PE house sat on a lot of cash I’d see an opportunity that might be unconventional and uncomfortable to an extent, but to support delisting from UK and delisting in US at a quick-ish turnaround, with potential much higher returns than you might get with other investments.

I think there will be speculators anyway, and even if they’re unsuccessfully, I’ll be surprised if we go the whole of 2024 without some corporate event action boosting the SP.

I think his much preferred option would be partnerships with big players who can help accelerate growth though.

By the way, this is NOT what I want. I’d rather wait 5 years and see the company achieve its full potential on the LSE but I think for those hoping for a quicker buck there remains some hope there will be speculative and potentially hostile bids.

Ste2000 - re: chances of a TO.

I think the chances of speculative bids are very high.

The question is whether a credible buyer that will come in and offer say £2.50 (still an absolute bargain) but allow existing II’s to roll with no leverage used for the purchase. They seem to be MM’s red lines.

Even though they’d lack total control, if there’s an agreed strategy to hold it 12-24 months and flip it on to the US exchange to double or treble their money, there’s still a very enticing prospect of a quick buck and I think MM might be up for it if they coupled it with debt pay down/additional funds for acquisitions.

I agree, I do t think that’s Matt’s optimal solution, but it wil

LD1973 - they said last time they were talking to potential partners who had excess space? Although I think that was more for MP cafe concept than LF, I agree.

One slightly disappointing thing for me on the con call was that nobody asked where they’re up to in developing the in store concept.

In my opinion, partnering with a big retailer - supermarket, ideally - to roll out a LF and/or MP concessions in store could really elevate growth.

Would love to see them do more pop ups around the major cities in the golden quarter. Theres so many empty retail spaces around I’m sure we could do more to capture Christmas footfall.

OAC,

Yes that was an interesting point. Would’ve been great if they could’ve bought a decent chunk back during the bond market disruption but nevermind.

It was more the Adore Beauty comment that got me thinking about a buy back. If they were looking at buying back debt and also think our market cap is way too low, how about buying some shares, holding them, selling them back to the market at an appropriate time for a profit and using the proceeds to fund debt repayment - which would surely lend a further boost to the SP.

Given volumes are typically low here, even a quite small commitment could boost the SP.

Would like to see something like that down the line but with decent numbers today and the H&B deal to announce, maybe they’re saving that for future.

OSG, I heard. I just took it as a criticism of the realities of being London listed, but accurate.

Plus, heard the congratulations of the analysts. Given the usual suspects were on berating these results this morning they mustn’t know good results from bad.

Wildtiger you’re hilarious 🤣

Obviously not read the report that says it won’t.

Yes Cong, to integrate bioessence in 10 days over Christmas is very impressive. Sure they had a head start after deal in principle was announced but even 6 weeks is a very good turn.

This is what I meant to add to my post OSG.

Great news also about Japanese and Indian manufacturing facilities. Wasn’t aware of them & they sound a smart idea, reducing costs and allowing for more localised product innovation. V happy for capex to be spent on such initiatives.

You do have to wonder AS1…! Crazy times, just have to take advantage of the madness.