Member Info for yespsb

Like so many on here I currently under water but I am not stressing because as the SP falls there will be opportunities to average down in the hope that I can make a reasonable profit. FWIW I think the markets reaction to Mouldings lack lustre presentation might be the beginning to the end of his tenure as CEO because no matter how loyal you are - there comes a point where you have to face up to reality and conclude "enough is enough" and I imagine a few of the 65% crowd are having those thoughts right now.

I think you would have to be a complete and utter Matt Moulding fan boy/girl to believe that if he stepped down there would not be a significant rise in the share price.

It's not as he would have you believe that the "city" hate him, it's actually because the "city" simply don't think he is up to the job and I find it difficult to disagree because every time he speaks the share price falls and the guy that was meant to make good Matt's poor reputation ( Lord Allen ) is all but invisible and it's easy to see why Kelso and others wanted GLA to go. I just hope and pray that Ingenuity can be sold without too big a write down on the investment and the focus can return to growing the nutrition and beauty divisions

I guess you have your own reasons for trying to send the thread in another direction but the fact remains that Moulding is a very difficult person to do deals with. I can't recall the total amount of money sunk into Ingenuity but I would be surprised if THG recoup all their investment in Ingenuity ( obviously I would be delighted to wrong)

As a stand alone fulfilment business I think Ingenuity is too small and if you think an existing logistics business can simply bolt it on their existing infrastructure then you know nothing about systems integration, it's timescales or cost.

So just because MM says it's up for sale doesn't mean it will be sold. I could also forsee any prospective buyer tying in nutrition and beauty business fulfilment for X number of years at less than optimal rates.

Finally when I choose to buy or sell is my business, not yours, mot crafty's or anyone's else's so keep your nose out of my business

It will be very interesting to see if there are any buyers for Ingenuity at a price Moulding will accept.

I said over 18 months ago that I thought Ingenuity was a vanity project that was sucking working capital out of nutrition and beauty. My opinion has not changed one little bit. Ingenuity show cases the lack of CEO experience and also demonstrates the subservient nature of the board and the senior executives in allowing such a huge investment into something that could have been delivered by a number of world class global organisations.

Stock is correct to say it's one thing to say they are "oven ready" for splitting and an entirely different to thing to be trading separately and working efficiently.

I have done something similar albeit on a smaller scale and it's a huge and time consuming undertaking.

Correction - started the week in the 50's - ended the week in the 50's.

Enjoy the weekend 🙂

Amen to this, Moulding needs to stop the blame game and get on with actually delivering solid results until such time as the share price is at least above the 170p which he declared "significantly undervalued the company"

"Hedge funds (shorts) do not creat weak (perceived or real) companies but they do prey on them.

If Matt believes he is being harmed by them he needs to address why?

Complaining is just stupid."

Here's an alternative viewpoint. Dilution of 2.4% in any year is significant and concerns me and should concern you.

What's more concerning is given how poor THG's fiscal performance has been and the amount of losses incurred in the qualifying years how the hell does anyone merit shares options being granted and then being exercised ?

I rue the times I mistakenly thought THG was worth investing in, its a hard and expensive reminder to me of the cost of ignoring the red flags that have always been there where THG is concerned.

Not really as I can't recall it going past 71 or 72 in recent months

On the face of it Mr Moulding appears to be a very difficult guy to conclude a deal with. The art of compromise is clearly not his strong point.

I have no idea who or what PP1 is but the output looks to have a fair but of AI generated guff.

As a long time Stockopedia subscriber I would be astonished if Stockopedia had an involvement with PP1, they have an outstanding reputation, make loads of money and have no need to be involved in any silly stuff like this.

FWIW the Stockopedia rating for THG is overall poor and if you were inclined to use Stockopedia exclusively for your investment decisions then you wouldn't touch THG.

Profit - real profit not some smoke and mirrors nonsense and free cash flow generation matter far more to me than having more followers than Boots and all the rest of social media data. And whilst we are talking about Boots, what would THG beauty do for Boots No7 profits ?

Not convinced, then please point out the last time you heard Warren Buffet talk about being excited by his shares having good social media figures?

Crafty in the interest of balance, most people who post on here are repetitive (includes me) but none more so than you simply because you post more than anyone else so it's ironic that you call another poster boring.

Physician heal thy self.

That's a question that only Moulding can answer - it's impossible not to conclude they are not responding because he has told them not to. Such blatant disregard for private investors is a hallmark of Mouldings arrogance. Unfortunately there currently appears to be no practical way to get him to change so we have to accept this is part and parcel of holding THG shares

Mattyboy I guess I should make allowances for your age but really is that the most original quote you can come up with 🤔

Crafty my old friend, here's a thing, as the share price changes, so do the charts - quite a remarkable coincidence eh 😶

OAC the reticent voice of a sanguine THG shareholder.

Far too many of us currently in "One day Rodney, one day " mode

Good post Crafty, the only thing that raised an eyebrow with me was the suggestion that the Apollo bid would have resulted in THG being saddled with a large amount of debt. Apollo could buy THG with the change found down the back of their sofa they are that well funded.

At the time of the rejection I don't recall Moulding mentioning debt ( he did for Ian MC's offer) he suggested it was more a question of control and direction i.e. Apollo as owners wanted to call the shots which is not exactly unreasonable but it's all history now so best to look forward rather than backward

It did not get an offer of £2.20 last year or any other year. Apart from the dubious Ian MC bid at £1.70 no offer price/value has ever been declared.

I really wish people would stick to the facts, the facts are even the huge and powerful Apollo walked away from buying THG because they couldn't find a way to negotiate a deal that Moulding would accept and I think that will have scared off a lot other potential buyers.

The Tesco initiative is interesting but at this stage it's impossible to say whether it's a loss leader designed to get the relationship going, or neutral or making a small profit - time will tell

He looks useful. Beauty is the best of the 3 THG divisions, Nutrition has lost it's way and it's difficult to see it regaining it's previous status and Ingenuity - well the less that's said about it the better from my point of view