Member Info for Yesimabeliever

Understand your position OSG, but personally I'd like Lord Allen to stay and see the job he has started through, and have voted in accordance.

He joined THG in a storm, and whilst he hasn't been as vocal as some would like, IMO he has overseen positive changes in a very challenging macro environment that positions THG well for the consumer recovery ahead and the continued shift to online (restructure , refocus on core markets, margin and FCF+, plc governance improvements).

The final pieces of the jigsaw are the strategic initiatives which will secure the next stage of THG's growth (be that strategic partnerships/spin offs/take private).

Whilst the Board aren't giving a running commentary on developments, I trust that they are competently exploring multiple avenues that will ultimately unlock value for LTH's. It isn't happening fast enough for some shareholders who who want a quick buck, however I am happy to patient and interested to see what the 65% make of progress in the AGM vote. THG has valuable assets in Nutrition and Beauty in attractive markets, and it is important that any deal(s) extract maximum value for existing shareholders, and this takes time.

Ingenuity still has it all to prove in terms of landing significant 3rd party contracts, but Alistair Crane & Richard Ward look like sensible appointments (again under Lord Allen's watch), and time will tell if they can deliver the growth to match Ingenuity's investment and really unlock significant upside for THG shareholders.

I'd like to give the Board another 12 months to move things forward in an improving macro environment before voting for any possible change. I expect things might look very different by the next AGM in 12 months time, if indeed THG remains on the LSE.

GLALTH

In full agreement with @multiplier and @msn. Market has thrown us a great opportunity here at S4, and new LSE rules are only going to help as per @1pencil.

Patience required, if only this sticky inflation would do one, and we would already have taken off

Whey prices up? They’ve been flat for the past 9 months

Beauty margins? Increased focus on higher margin, and on the up as per Q1 update

@dg article says expected mid July….

https://www.ft.com/content/5c9a948e-8a43-4e82-8e11-8d06bda96971

Further to 1pencil’s post, as well as index tracker buying, would expect active managers to start showing an interest in THG again once it is included in the indices against which they are benchmarked. So shouldn’t just be index buying, but also active managers that are benchmarked against the index if they believe THG can outperform.

@dg221 The FT did an article last week or so saying FCA was meeting to approve final rules 27th of June (from memory) with rules officially published shortly after the election on 4th a July . 2 week implementation period.

Fair play to the spy, with his funky artwork and cryptic catchphrases, he has accumulated a cult following. can ramp ambiguously indefinitely and never be wrong! Clever spy.

Cheers @crafty. Surely they have learnt to underpromise/over deliver on guidance this year! Very interested to hear any strategic commentary

@crafty do you mind doing a little summary after the AGM for those who can’t attend…

Are you still planning on getting along to the AGM crafty?

Not sure that is related crafty, Ste2k appears to have just morphed in sentimentrule on advfn. Probably where he belongs, content and behaviour on there appalling, I only keep a passive eye on it out of habit, but never seen any useful intell.

On the subject to the AGM, given pressure from Kelso, going to be very hard for THG Board to continue to be silent on standard listing vs premium listing, and upcoming LSE changes to a single share category. Shame FCA aren’t officially announcing changes until after the election. Surely Board are going to have to come off the fence on this at AGM?

I’m more than happy for sensible contrarian view yespsb. But Rock8 has turned up a week before the AGM and announced he is “very concerned” about the debt (despite the fact that it has recently been refinanced), and “very concerned” about a leaked bad trading update (pure speculation). We see a frenzied escalation of multi ID FUD in the build up to every “event” ie trading statement etc, and rock8 appears to be one of the gang. Just say it as I see it

Are any of the LTH’s on here actually able to make the AGM? I was planning on going, but now need to travel for work, but would be useful to get some insight if anyone is attending

Rock8 “very concerned” about nothing = troll

Don’t see many analysts worrying about the debt, the debt is serviceable and can be reduced if desired now FCF+, plus direction of interest rates is down. Any spin off/minority investment and the debt becomes even more negligible

Https://www.linkedin.com/posts/christopher-maguire-30a96931_its-fridays-good-news-blog-1congratulations-activity-7207251732840493056-SPWm?utm_source=combined_share_message&utm_medium=member_ios

Interesting comment on linked in by Chris Maguire who has his finger on the pulse across NW business. Desperately in need to some significant client wins

“I’m hearing good things about Alistair Crane, who was appointed chairman of THG Ingenuity in January. One of the first things he did was hire Richard Ward as CEO and my spy tells me he’s making a big difference”

Don’t buy into the narrative that MM has no incentive to drive shareholder value. He seems to enjoy good relationships with his long term backers, and will be desperate to drive returns for them/his employees/his family. I am sure if the long term II’s think he has his eye off the ball on long term shareholder at any stage he will be removed. Let’s see where support is at the AGM, I suspect still rock solid in the 65%.

Yep Rampy2000 is back. Has been busy spamming ADVFN for days as sentimentrule, but now ac to spam this board as well. What a t1t.