Member Info for The.Crowman

@Countach - Have you really made money here? I fail to see how even scalping looks tricky.

Truth be told (IMHO) CG's last post is a neat top line summary and should not be ignored. AML will win the odd battle but the war is too much for them. Best hope they get to stabilise the P&L and get bought out as money for a genuinely new line up of cars (the current lot are a rehash of the old model range) is not going to be there - leave aside electrification.

Long or short GLA.

Countach - I get why cg' annoys you and others on here but you must respect the fact he has been on the money here since forever.

Myself - I would not be that bothered to keep banging on about how poor an investment AML is or certainly was but I guess cg' see's this as public service.

Car companies are funny things and AML might yet arrive at Ferrari levels of profitability but its a tall order. Thats the dream here I suppose.

From a line up perspective they have never been stronger so hopefully they will get there.

@Oke - Time will tell. I hold 50,000 here and frankly I have written them off. Was tempted to sell at the recent 55p or a 10p/£5k loss but held out the hope it would go a tad higher. Since then everything seems to have gone backward - not least sentiment around MM.

I should probably just sell up but with THG you just never know when a 'phantom' bidder might turn up. What a dumb investment strategy but its worked twice here for me and I hope for a hat trick. No profit - just money back will do!

@Oke' - You are talking the language of a company that wants to prosper. I am of the strong belief MM wants to engineer a situation that allows him to take back full control for as little as possible.

If I am correct - every single action and utterance from MM suggests I am btw, then we are royally stuffed.

I genuinely fail to see where the positives will come from.

@Citypie - Why would he not look smug? He has reacquired 60% of his billion pound baby for nothing and I suspect is on his way to doing the same for remainco.

Mugged Softbank, mugged all the IPO investors and is now putting in place the final piece of the jigsaw. Plus its legal.

Smug hardly covers it.

Serial MA watchers will appreciate only too well he acts in his interests and no one else.

With BOO there is blood in the water and I very much doubt he will be looking to play nice. I predict with BOO's back against the wall he will but DEB's off them which will allow BOO to soldier on for another year after. Then its full break up with zilch back to shareholders.

Like THG BOO is run for the original owners and not the shareholders. Must be something in the Manc' water system. That or they are a bit crooked?

'so we topped up the position after meeting management,’ said Pyle.'

Okay. Someones positive.

Ingenuity - ????

Reads THG which is remainco I beleived.

Do not doubt MM desire to get THG back - I am expecting a profit warning at the TU and this to go to all time lows - 20s.

That is all part of the plan - for PI's MM is I truly believe toxic. An utter fox in the hen house and does anyone need to know how that always ends?

@Evanescent - I really hate it when the education system lets somone down. You have my sympathies.

Filtered for being a thicko.

For those with a modicum of ability to read with comprehension the wording by Jim800 'They’ll have an idea of whether it’s catastrophic, merely bad, as expected or better than expected already.' will understand the importance of the commas.

These commas are key to the message. Essentially a list of options with no hierarchy beyond perhaps the order in which they are scheduled.

Not tricky stuff I would have thought?

Up ticking JO.

Hey ho its a new year.

I hope you bailed too early on Woods btw - I hold 100,000 down from 250,000. The profit is all 100,000 shares and a I would be annoyed with myself if they tanked. Looking for a quid.

As for CPI - as others have said surely it will catch a break against the current sp.

Seller at 25p as I hold far too many here (again).

Got-Banned - I told folk on here thay could make some cash at CPI when they were at 15p - they went to just under 23p a couple of weeks later.

Close to 50% - do you think I did not make money there? Stupid to think otherwise.

What folk on here need to understand is that with MM anywhere near this company its toast - his intentions are exactly the opposite to PI's. He will buy off the big stakeholders and nick it like he did with Ingenuity.

Watch and learn.

@Ste400 - Not gloating - more like the good shepherd leading the flock from danger.

As for CPI - its mixed. I mad a packet out of its rise from 13p to 22p over the summer - over £40k clear. The retrace was not I admit expected but has allowed me to buy back at substantially less.

All in all 2024 was a good year for The Crowman - with THG being the only real bum note.

Hey ho 2025 is here and Gawd knows how that will pan out.

@ Jed - Why would this part of THG be treated differently to the past?

Offers of £1 when not so long ago it was at least £2.00 and previously IPO'd at a fiver.

I will be pleased for one and all if this goes north of a pound but everything says it will go to 20p first. Matty has not finished doing his worst here and that worst is to run Remainco into the ground.

The direction of travel will be with us soon enough - TU in January and that will be a stinker - or at least will be portrayed as such but then thats part of the plan.

Ps. Anyone betting against a 'whale' being landed at Ingenuity very shortly? Not me for one. You know the whale that was immninent announced as THG results cratered and before phantom Apollo came calling.

I actually think MM enjoys this element more than any other aspect of his empire. Like playing chess with total victory the only goal.

To think most on here now realise this and yet 12 months ago I was flamed for suggesting it.

Bravo The Crowman!

Every thing MM has done to date tells you he will do the very opposite.

Remainco will I strongly suspect be geared to deliver very poor figures allowing MM to grab it back for buttons via a management buy out.

Folks on here are very naive to thing otherwise.

Ingenuity was and remains the hype and hope element within what was THG - stick a value you think might come true and wait. Hopefully it will come true.

Scratch that - its gone. Whats left who knows? Might be more or less than the current mcap - the market currently thinks with debts circa £950m and I suspect that might be about right.

The hope within THG has IMV all but gone. Little confidence I will see 65p any time soon.

Ashley’s involvement in the deal expanded the relationship between the two retail businesses. THG and Frasers have signed a partnership deal that includes a multi-year Ingenuity agreement, and has allowed Ashley’s company to deploy its credit and loyalty platform Frasers Plus across the Ingenuity site.

Shares in THG closed down 0.9 per cent at 45p, valuing the business at about £690 million.

THG share price: shareholders vote to spin off ecommerce platform

The demerger is part of a plan to streamline Matthew Moulding’s beauty and wellness group and revive its share price, which has slumped since its IPO

Helen Cahill, M&A and Restructuring Correspondent

Friday December 27 2024, 5.00pm GMT, The Times

Woman in blue tinsel hairpiece and sequined dress, surrounded by blue sparks.

The spin-off will leave THG a simpler business focused on retail, with brands such as Illamasqua make-up

THG

Shareholders in Matthew Moulding’s beauty and wellness business have voted in favour of a plan to spin off its Ingenuity ecommerce platform at a valuation of £90 million.

THG, formerly known as The Hut Group, will press ahead with a divestment of its technology platform after 89 per cent of voting shareholders backed the plan at a general meeting on Friday.

Ingenuity provides technology to support the online operations of retailers including Holland & Barrett, The Range and L’Oréal. The division has 13 distribution centres and employs about 3,500 people.

THG launched a funding round to raise capital of £95.4 million to fund the transaction, and has secured debt funding of £55 million. The company has told investors the money will be used to fund Ingenuity until its operations are no longer lossmaking.

The technology platform made a loss of £140.9 million in the year ending June 30, compared with a loss of £227.6 million in the previous 12 months. Revenues for the division fell from £712.3 million to £671.4 million over the 12-month period.

Mike Ashley’s retail conglomerate has taken a stake in Ingenuity by investing in THG’s fundraiser in October. Frasers Group, which owns Flannels, House of Fraser and Sports Direct, made a strategic investment of £10 million. THG also brought in funding from new shareholders and longstanding investors.

Moulding co-founded THG in 2004 and listed the group on the London stock market at a £5.4 billion valuation in 2020. The company has come under pressure from activist investors to break up its business divisions following a substantial fall in its share price since its initial public offering.

The demerger of Ingenuity will help to reduce THG’s debt burden as lease liabilities of £298 million will transfer to the spun-off entity.

Announcing details of the transaction in November, THG said: “The demerger simplifies THG’s business model as a free cash-flow generative consumer, beauty and nutrition group, with an improved balance sheet, capital expenditure and cash-flow profile.

“The board believes that there is a significant opportunity to create value for shareholders by demerging Ingenuity into a separate private company with no public listing or other trading facility for the Ingenuity shares.”

Ashley’s involvement in the deal expanded the relationship between the two retail businesses. THG and Frasers have signed a partnership deal that includes a multi-year Ingenuity agre