Member Info for Yesimabeliever

@ihavenoclue, yes MM wants to be proved right, but just don’t see how he can be planning to stay on the LSE with public statements like that. It screams “I’m off”. Personally I have no problem that he hasn’t moved to a premium listing, as why spend the money if you have other plans in play. He’s managing the business for long term value, rather than short term SP, the only way THG will become premium listed is if the standard listing goes before MM makes his moves. Kelso note this morning all positive for me, reiterating their conviction in spite of being quieter recently, and noted they bought back in @ 60p having sold their leveraged tranche. Sure the FUD told us they were reducing. Big returns to be had here for the patient when the news drops. GLA shareholders.

Check out MM LinkedIn post this morning on Darktrace….He’s taking THG private for sure

Yup, Ste’s multi ID monologue has been incredibly dull today. Assuming insider director buy means nothing imminent on the strategic front that could move the share price anywhere in the short term so as she goes.

MM is embarrassed by the state of the share price, it’s hurting his ego. Personally don’t think he will try and nick it on the cheap.

As you, yourself admit Ste, fundamentals have improved. Yes, standard issue is harming SP in short term with lack of II buyers. But this status quo won’t/can’t last forever, and for longer term investors that is part of the opportunity, a cheap entry point on undervalued assets.

We all have different perspectives, that’s what makes THG such an interesting share. I agree with Yorek that MM still retains the support of II’s who are taking a longer term view. Suspect they are all aligned on wanting to get off the LSE though. I expect MM to take out the free float in a friendly PE deal that allows existing II’s who want to roll to do so to roll, but not subordinated to new investor which was the issue with the Apollo structure. Couldn’t get that sort of deal done last year due to THG burning cash, hopefully he can soon. JMO.

@bacchusll, agreed. THG has made big progress around the efficiency of its operation over the past 18 months , and I believe will exceed forecasts on EBITDA/cash generation. Don’t see THG missing numbers this year.

Don't disagree with you Fredster that a rate cut or 2 wouldn't do any harm to prospects

Maybe not before the AGM, but I'm with crafty. Rightly or wrongly, MM hates it on the LSE, and has been very vocal that he thinks it is the wrong place for THG. He has been biding his time to get some better numbers/forecasts out, get cashflow into a better position, and await more friendly macro/financing conditions. With those conditions now in place, he has to pull the trigger on something sooner rather than later to get to a more favourable valuation for shareholders and retain support, and give him a platform to accelerate growth again. JMO

Welcome back crafty and thank you...

Ste your arguments are increasingly weak i'm afraid.

- no capitial event - it will come when the deal is right - only upside to the SP

- no premium listing - there will be only one listing soon, so why bother - only upside to SP

- no material ingenuity win - agreed ingenuity wins disappoint, but more than reflected in SP

- ingenuity internal decline does not stack up - Don't agree, automation= cost out and dial back low margin customer acquisition to focus on margin. Nothing to see here

- nutrition decline for last 3 quarters - will return to growth post rebrand, plus partnerships in US

- beauty up through acquisition - Biossance low single digit contribution to Beauty growth according to call

- overall no real change/ improvement, as guided as FY just inline - Beauty is a big improvement, you told us it would be a revenue miss across the board

Whats you issue with falling internal ingenuity revenue? Pivot to focus on higher margin business margin means lower growth and lower costs (ie internal ingenuity revenue?), and better EBITDA

Agreed @ Yorek, THG Beauty’s online market places and automated infrastructure are hugely valuable assets. Brand’s just can’t build global D2C infrastructure/expertise cost effectively themselves, but they have to play in that space. Just don’t see how THG will not be one of the long term winners.

come on matty boy, we’re due some good/big news rather than the usual **** sandwich!

Kimjungun knows a negative propaganda campaign when he sees it Ste

What sort of size holding do they have in Kelso? Ste2k/GTC took great delight in telling everyone OVMKH had sold up in THG. Looks like they have retained their interest in THG via another vehicle. Add that to his list of b8llsh&t FUD

@dpws500 hopefully for shareholders I hope are barking up the right tree. Personally I expect this to go private sooner rather than later, but happy to wait it out if it takes longer. Just don’t see MM wanting to stand still on the LSE much longer, and partnerships doesn’t solve that problem.

crafty i think most on here appreciate your efforts to highlight interesting info, issues etc. i think we all like a post with an interesting opposing view as well. just a shame a ste2k and his multi id friends see value in carpet bombing their boring/montonous ****e every day, but you can just filter them.

Just clarify my pronouns, when I say “their” I mean they plural Ste2k multiple ID’s as opposed to multiple people

Well their FUD about THG’s excess capacity today was rubbish. Isn’t that opportunity for THG, excess capacity which drops straight to the bottom line if they can actually get ingenuity proposition right and pump some volume through. Not exactly petrifying stuff to shareholders!