RE: News out on SKY 30 mins ago16 Oct 2021 13:42
This news is going to blow the bloody doors off next week and restore II confidence in the company.
Couls not have been given news any better than this over this weekend.
I am now VERY confident that this share will be over £5 before this Christmas and longer term a huge growth spurt will be established.
26th October will show just how well the company are doing in generating revenue and boost confidence, especially with news that Sky News has also learnt that THG has been in talks in recent days about appointing Andreas Hansson, a senior SoftBank executive, as a non-executive director.
Dr Hansson, a former executive at the SoftBank-owned chip designer ARM Holdings, is chairman of Kahoot, an education technology platform also backed by the Japanese group.
The appointment, which has yet to be finalised, would cement a relationship between THG and the Japanese technology investment behemoth that was unveiled in May.
Under their deal, SoftBank invested $730m in THG's ordinary shares and took an option - exercisable over a maximum of two years - to buy a 19.9% stake in THG Ingenuity, the division which builds and operates e-commerce sites for third-party clients such as Homebase and Revolution Beauty, for $1.6bn.
That option remains in place, and people close to the situation insisted this weekend that they were confident that it would be exercised.
Appointing a board member to a public company in which it holds a stake would be a rare move for SoftBank, while the agreement of THG to award a board seat to a 6% shareholder underlined the fact that their relationship was "a genuine partnership", an insider said.
Get the rockets prepped for blast off :-)
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