Member Info for Yorek

The traders are out again playing today, trying to drive the price down so they can buy and sell tomorrow to make a penny or two. It’s probably to do with the continuing uncertainty about the US debt ceiling, with a vote tonight being reported, after UK market close.

If we rise tomorrow on good news that the ceiling vote was approved, they’ll be gone.

Sitting tight and ignoring the roaring tigers as normal.

Kelso admission date now 1st June….moved from 31st May

Kelso placing admission this week, so could they be adding?

Buys not buts….

There is a chance also that MM has a card to play yet….before we get to September.

I’ve read about people being concerned that there are no Director buts, but as stated by UC, “if you know privileged information about a company, you can only deal in it shares when that information becomes public”. So, if anything is going on in the background, they are unable to buy at this time.

Oh dear….the de-rampers are back….

Who are they working for this time? Who’s trying to accumulate before news?

Kelso (with £3m placing to spend)?

Who knows, but if you believe in the fundamentals of this business, whether you like MM or not, then things will improve, it’s just whether you’re still here to see it.

Think about it. Why do these people waste their time on here? It can only be because they want the share price lower for themselves or someone else.

Good luck all.

There is another healthy food index out today, with Nestle in 2nd place.

What if Matts plan has been to sell Nutrition all along (before Kelso were here) which is why he moved Lucy Gorman to Beauty before the deal.

It’s definitely the right time in this industry to maximise value.

Just one for the pot…

And with THG providing the tech solutions to Autostore, the set up cost should be greater than for THG. With autostore being the primary supplier, the relationship will also give THG transparency of new market entrants.

Nestle we’re 4th in he US 2022 index: https://accesstonutrition.org/index/us-index-2022/

“ Key Findings:

Only a third of companies’ combined sales value for 11,041 products is derived from products meeting the “healthy” threshold. Companies must urgently improve their product portfolios and prioritize marketing of healthier products over unhealthy varieties.”

They will all be concerned about their positioning in the ATNI (Access to Nutrition Initiative) global index:

https://accesstonutrition.org/index/global-index-2021/

Nestle lead the pack at he moment, but all companies need to raise their game in terms of products.

It feels like something is going on in the background…whether that’s Matt working on a take-private option or an acquirer circling between now and September. Either way, the shorts seem to think it’s safer to stay away, which is quite telling in itself.

QIA have been on LinkedIn today discussing “how global investors are redefining their strategies to achieve long-term growth and highlighted QIA’s efforts in successfully diversifying its investment strategy.”

Learn more: https://lnkd.in/dssH2iDn

I have spent the morning listening to experts talking about health & nutrition and the primary learning was that in this space, “data is gold”, but the insights derived from that data, is the commercial benefit.

So, this made we think about what Matt said in the CEO overview in the annual report:

“One of our greatest assets is our global customer base of over 16 million THG Beauty and THG Nutrition active customers“.

“The insights gained from these customers informs our daily decision making ……..firmly positioning us as the market leader in this space”

On top, there’s all the non-THG consumers that receive goods via Ingenuity from Coke, Mondelez for example.

Imagine how much customer/consumer data THG has.

So, here’s an alternative hypothesis….

What if the sum of the parts valuations are not acceptable because the Board know the value of their “data” (gold)….but bidders are not recognising it or valuing it appropriately and therefore are not prepared to pay for that benefit too?

For info. On what people pay for customer/consumer data, look up the company Dunnhumby. Tesco bought into them circa 10 years ago.

I’ve been looking at who the Apollo shareholders are and this link suggests there are at least 4, that also hold a stake in THG: https://stockzoa.com/ticker/apo/

If it’s correct (??), Vanguard own 40m shares ($2.5b), Norges own 5.2m shares ($332m), Blackrock own 28m shares ($1.7b), Barclays own 495m shares ($31m).

My point being that these 4 hold circa 7.2% of THG I think at last count (need 1 pencil to confirm), so firstly Apollo may already have some shareholders on side…and secondly, it may be worth noting if these 4 increase their holdings.

If Frasers or Mike Ashley were interested in THG, he would have bought in already and would now be raising his stake, like he is with ASOS.

From Twitter:

“ Looks like there is some appetite for a £2.50 sale from some of the large #THG holders. What is the name of that Green Day song...?”

Struggling to believe that we’re judging our chairman on a position he vacated over 15 years ago…..

I’ve changed a lot and learned a lot in 15 years, so I’d see more relevance if judgement was on a more recent position.

I also doubt he’s in Matts pocket having dispatched most of the Board who would have been appointed by MM, replacing them with a team that can challenge harder and add more value.

Hosai - it’s a shame you haven’t got an email notification from LinkedIn, of McCrums response, that proves he said “We get away with it all the time mate", before he deleted it.

Someone else has posted that he also replied to them, saying that selecting the THG report to critique was not random…in effect implying he had targeted THG. But then the comment was deleted.

But then they posted a screen shot of the email they were sent by LinkedIn, notifying of the post.

How many shares do you hold polishcap?

There looks a few largish holders…

What’s Citadels interest (Ken Griffin). They increased from 5.53% to 8.9% in late Feb and look to have reduced shorts going into results…

2phevs - has this been posted already then?

Why “antique spanner”?