The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Good luck @ hardwell, and 1pencil thanks for the share. All points towards Jefferies being on the ticket to find strategic investors/partners in the US for THG nutrition and/or beauty, having advised on the Apollo bid and now positive jawboning from analysts. US FMCG with strong domestic foothold, but looking to tap into THG international expertise/infrastructure would appear to be ideal partner, whilst THG could tap into US offline distribution...Jefferies should have the US network to deliver that, lets see what they come up with
In fairness I wouldn’t put it beyond multi account Ste/GTC to create a glassdoor account and make up Homebase contract loss. I’ll await proper news
He can’t get off the cat litter I heard
What a saddo.
If ever there was proof that Ste2k and GtC are indeed the same person, it is mutual love of the 61.8p rejection...yawn
@1pencil, thanks for the Balderton share, an interesting read.
From memory, didn’t one of the ex Balderton Partners make a significant share purchase on their private account at or around the time of the Apollo bid? Does anyone have the details and do we know if they are still in?
Great post @ Yorek, the best synopsis I have read of the Ingenuity opportunity. I have been disappointed on lack of big client wins since the pivot to enterprise, but these deals are complex and hopefully it just needs more time as you say.
I’m giving MM the benefit of the doubt for now, he is a growth guy and might rediscover his mojo as the macro starts looking better. But needs to start delivering what he said is going to deliver. If he is looking at investment/partners in the US, rate cuts might be the catalyst to get things moving.
Personally I don’t see how MM maintains the support it of long term investors who rolled at IPO with the current status quo of inaction and letting the share price languish. But time will tell
Cue Ste metamorphosing into goodtimescoming. He doesn’t like be reminded that he once LOVED this share
Great audit FUD Ste. A real belter that.
@ste, nobody has a problem with an activist investor agitating for change. All THG shareholders believe the THG share price undervalues the assets and that change is needed to realise that value, in whatever for that change comes. But let’s be clear, your constant drip of negative commentary is not of someone that wants to see the share price up- it is to spook PI’s to sell, and to put of other PI’s from investing. Simple
@Ste2000, yesterday you were claiming to be one of us, a shareholder, time we voted MM out etc. Usual service resumed I see and back playing games.
More likely than one of MW systematic positions than fundamental. I think most people agree that you need to be making glass nearly empty assumptions about the value of the underlying assets to arrive at the current SP. The current status quo can’t continue, whatever THG’s plan is to extract itself from this unhappy LSE marriage, they need to get on with it.
If MM doesn't land a game changing RNS or two to match his bullish rhetoric before the AGM I'll be there pelting eggs, 4 for MM, 4 for Iain Mc and 4 for Charles Allen
See you there lickr, should be good for a giggle
@Ste new question, have you now closed your short as you seem to have taken great glee in the dropping share price for the last 2.5 months..didn’t seem like a “net” + position to me
@Ste has changed his tune...talking as "we" want Moulding out, "we" can vote at AGM, "We" want Apollo anyone would think he has bought some shares
"anyone else in their right mind, would list nutrition on a new exchange/ partnership, cut ingenuity capex to the bone until it finally delivered, try to sell beauty to one of the big boys"
Agreed is the plan that is likely being executed. Apart from Ingenuity which they continue to invest in for now. Either the Ingenuity pipeline starts being delivered in the next 6 months or the capex has to stop. Surely II's would have pulled the pin on spend already if it was garbage.
"Its a mystery thats for sure. surely there must be pressure, they are not mates, they are investors with their own shareholders after all, and no one has made money here. its 59p for goodness sake"
Agreed there must be pressure and there must be a plan to maintain the support of QIA/Balderton/Sofina. MM must be peddling very hard to try and deliver it because the current status quo can't go on, and that is the same for all shareholders.