Kelso Share Discussion Threads

[billy ray] 29/3/2023 15:45

My quick calcs (@THG share price 64p):
Value of KLSO's 5m shares in THG: £3.2M
Current Mcap of KLSO (198M shares @3.5p): £6.93M

So still a premium but one worth paying IMO considering the quality of KLSO management who wouldn't waste their own time and money if they didn't see considerable value in THG (IMO).

I've added a few more today also. Unfortunately, I was 'spiked' back at 7p, but managed to get my average down to around 5.6p - not great, but hopefully will do OK over the medium term.

[davidosh] 29/3/2023 14:42

Has anyone compared the Kelso market cap with their investment in THG and remaining cash...ie. Is it still at a premium to NAV?

[a2584728] 29/3/2023 13:58

I have added some more. Buys not showing. The greedy founder share holders will be done soon and that's when the price will start to move upwards

[billy ray] 22/3/2023 12:42

Well, I've been adding to KLSO over the last couple of days.
THG now up nearly 30% from its lows over the last 3 days and KLSO has hardly budged, so KLSO is the obvious play IMO.
Just need to sit back now and wait for the (hopefully) positive THG/KLSO newsflow over the coming weeks / months. With all these activist investors getting involved in THG (and not just KLSO) there's clearly something afoot.
The market seems totally focused on THG... but will eventually wake up to KLSO too IMO.

[intoodeep] 22/3/2023 11:55

We only fall back with them it seems. Plus simply not enough PIs seeing this or buying into it.

[a2584728] 22/3/2023 11:42

Where is out rise on the back of THG. Come on MMs play fair

[intoodeep] 19/3/2023 19:53

Sunday times - Activist investors take THG stake and pile pressure on Matt MouldingToday 00:37
"An activist hedge fund, founded by a former executive of the fearsome US firm Elliott Advisors, has taken a stake in THG, leaving the troubled online retailer contending with two activists on its sharebolder register.

London-based Sparta Capital recently bought THG shares, which have tumbled amid concerns over governance and tough trading conditions.

Meanwhile, Kelso, an activist that disclosed a 0.4 per cent stake in THG in January, is thought to be on the verge of going public with its recommendations to the board. Kelso, led by City veteran John Goold, is expected to urge THG to move its shares to the premium segment of the main market.

THG, owner of Myprotein and Cult Beauty, said almost 18 months ago that founder and chief executive Matt Moulding would give up his golden share, which gives him the power to veto hostile takeover bids. It will need to be relinquished for THG to attain a premium listing.

In September, THG said it intended to join that segment, but cautioned that the timing would depend on the outcome of a regulatory review into the listing regime.

Sparta, founded in 2021 by ex-Elliott portfolio manager Franck Tuil, publicly urged engineer John Wood Group last December to start buying back its shares. As well as waging activist campaigns, Sparta seeks to engage with its target companies. Tuil led Elliott’s purchase of AC Milan."

[intoodeep] 15/3/2023 14:19

Has something leaked here?

[andymunchkin] 10/3/2023 14:33

yU c*k Up hereIs tOO dEEp hpeTht helps

[intoodeep] 03/3/2023 12:26

Can you say any more as I don't really understand?

Tia

[a2584728] 03/3/2023 12:18

Balancing the back book.

[intoodeep] 03/3/2023 12:15

Strange how thg on roll now but klso going backwards?

[a2584728] 02/3/2023 11:16

THG having a nice rise lately. Wonder if we will invest further here?

[a2584728] 22/2/2023 12:37

Agree. Think KLSO could be quite a star moving forwards. I shall add a few to my holding as things develop

[a2584728] 10/2/2023 20:22

We shall have to put up with the greedy founders who offered nothing. John Green, John Pither et al all cashing in for doing absolutely nothing. I think between these two and 2 others we shall see around 6m sells. They have no interest in long term gains just short term greed. They will be gone soon enough.

[a2584728] 09/2/2023 14:47

I understand there is a note out on THG that values the KLSO investment pro rata at 28p. PS Nice start. Would be nice to see a further investment soon.

[andymunchkin] 01/2/2023 10:44

bUy@8 seLL@7 noTbad

[j777j] 31/1/2023 16:09

This co has been set up for a reverse takeover.

Looks to be one of THG's divisions

I guess the only question is how much premium to todays price?


Fun watching

[intoodeep] 19/1/2023 07:19

Great news

[a2584728] 19/1/2023 07:09

Good news. Now they can get on with doing deals.

[a2584728] 17/1/2023 12:13

Some nosey buyers last couple of days