Member Info for TrojanHorse

The further this falls the more I think the UK has lost its place in the global financial markets.

The pandemic has reduced footfall in the city, Brexit has left us without an agreement with regards to financial products, our leading tech and growth companies are being snapped up by US funds.

THG and similar should be treasured for their employment offering and ‘levelling up’ possibilities but instead the UK media keeps bashing them down - why? They say governance but those who tell us this have questionable governance themselves, look at the recent Numis issue, look at our current government. How does this all help any of us and our economy.

It’s very disappointing to see our market being left behind.

FUND REVIEW
The fund underperformed the MSCI All Country World Index ex Australia Hedged to AUD Net for the one-month period ended October 31, 2021. THG was the largest relative detractor in the portfolio for the period. THG owns The Hut Group, which operates as a multi-website online retailer that provides health, beauty, fashion, lifestyle, and marketplace services. Shares traded lower over the month despite solid earnings due to an analyst short report which drove investors to be concerned that results would be worse than expected. We think THG is a company that is just beginning to develop a differentiated enterprise e-commerce platform to help brands and retailers build a global online direct-to-consumer footprint.

https://www.troweprice.com/literature/public/country/au/language/en/literature-type/portfolio-update/sub-type/portfolio-update?productCode=AHGE

From the Chrysalis RNS today, they must like THG’s chances of a recovery ‘ Over the summer, origination into the Investment Adviser's new investment pipeline was considerably stronger than predicted, such that it has added five new investments to the portfolio since March 2021, significantly outperforming its earlier expectations. While certain follow-ons were undertaken (for example, Starling, wefox and THG), given the quality of the new investment cases, the Investment Adviser chose to prioritise this channel over the period.’

Check out the video 4 post down. Love the tech! https://www.linkedin.com/posts/ricky-darby-39b01752_team-work-elementlogic-activity-6870298626812329984-iZg5

https://portfolio-adviser.com/chrysalis-managers-add-to-thg-position-after-shares-slump-by-one-fifth/

How many firms will be saying they need a better online presence today?

Strange post, JP Morgan set a price target on 5th November so it’s not breaking news to the informed. The SoftBank purchase is an option, a choice, not certain - Why’s it infamous?

The toned tycoon! Really is red top media

And the mail story is obvious based on the current share price. Let’s hope it goes up and it becomes less obvious

Is it bad to raise company PR? Not sure the point of that story

God you did the same with Marks and Spencer at 90p last year, no position, constant negative posting…share price went up. Meanwhile have you seen oral b is hosted by THG ingenuity maybe you can buy a toothbrush for Christmas https://shop.oralb.co.uk/for-adults.list?gclid=EAIaIQobChMI8O7I1_mi9AIVCNTtCh3jfQUPEAAYASAAEgLl2fD_BwE

Blah blah blah

Great read https://www.pwc.co.uk/issues/business-in-focus/podcast/in-conversation-with-herculano-rodrigues-of-thg-ingenuity.html

https://retailtechinnovationhub.com/home/2021/9/16/how-can-sme-retailers-conquer-the-last-mile

Strange how the numis story isn’t widely reported through the various third party outlets like Refinitiv

Haha the system, nooo I base my view on evidence

https://news.sky.com/story/investment-bank-numis-reports-itself-to-watchdog-after-retracting-memo-about-thg-irregularities-12470950

The facts are already being presented, it’s growing 30-50% a year. I would love to run a company with that growth. Revenues significant, possibilities evidenced by large investment from a significant tech fund. None of that matters if false allegations are being thrown at it. No one believes it can grow that quickly or build huge warehouses distributing blue chip products globally. It’s obscene and not even a short ploy just pure incompetence. Read it again it stinks

https://news.sky.com/story/investment-bank-numis-reports-itself-to-watchdog-after-retracting-memo-about-thg-irregularities-12470950

How can THG restore trust when this is going on, every trading statement it makes, conference call it conducts simply does not matter. The equity market has to change.

https://news.sky.com/story/investment-bank-numis-reports-itself-to-watchdog-after-retracting-memo-about-thg-irregularities-12470950

People familiar with the situation say that Numis did not receive a proportion of the discretionary fees awarded to bankers in relation to the IPO, which one source said was because THG executives were unhappy with the work undertaken by the bank.

THG subsequently appointed Barclays, Citi Jefferies as its corporate brokers.

One source said Numis executives and THG's management had "fallen out" over the float.

Numis's decision to contact the Financial Conduct Authority (FCA) about the situation underlines the seriousness with which it views it, according to another insider.

THG should be furious. How can a large listed advisory allow information like this to be published. Where are the internal procedures, what else has been said to these clients with inaccuracies. Stewards enquiry.