Thg Share Discussion Threads

[one_frankel] 24/9/2023 11:26

Are you goons not even aware why he was selling 'Icon' in the first place when its all comprised of debt...So try not to worry about the apparent 'Non-Existent' impact hey!

...And not one thing, technicals or company fundamentals are in favour of THG rising in the short-term Paddy, unless its a technical bounce except that never sustains for long unfortunately!...And Fridays UT was mu_g punters like yourself thinking the tide has turned!

...Life on the markets just gets better for the Mould and his 'Fateful' or is that his contingent of 'Northern Dullards' hehe!

[havinthelasttoast] 24/9/2023 11:16

Maybe to cut costs disco and they will find a new tenant.

Second guessing max mouldy is like trying to work out if shelia is a bear or a bull.

[billionarebob] 24/9/2023 11:06

For future reference here is a link to a page on how to bypass paywalls for those who don't have subscriptins.

[disco1984] 24/9/2023 10:53

Regarding the sale, Matt has moved all work and staff out of icon to omega site.

This happened weeks ago.

Sounds to me like sale will happen regardless, otherwise why empty building and not use it.

[hades1] 24/9/2023 10:53

Not sure the FT article impacts anything.
Tells us nothing more than we knew on Friday.
Was Friday’s price strength enough to drag this back up?
Only time will tell but certainly nothing in today’s news will impact things either way.

[one_frankel] 24/9/2023 10:50

Another 'Drip Drip Drip' in the share price awaits this week folks, great timing Paddy!

[sentimentrule] 24/9/2023 10:34

Lord hades; king of the snakes

[hades1] 24/9/2023 09:53

THG, Moulding Capital and ICG declined to comment.
THG is unaffected as a tenant by the sale to ICG falling through. A sale to another party could still materialise.
Over the past decade, UK local councils have made large investments in a variety of commercial ventures, often taking on significant debts, in an effort to shore up budgets hit by cuts in central government funding.
The pressures on councils were highlighted last week when levelling-up secretary Michael Gove announced that he would appoint commissioners to take over the day-to-day running of Birmingham city council, after the local authority declared itself in effect bankrupt.
Formerly known as The Hut Group, THG was hailed as a future star of the UK tech industry when it listed with a valuation of £5.4bn in 2020.
However, a string of profit warnings and concerns over its corporate governance have blighted its life as a public company.
THG has beefed up its board and Moulding has relinquished the chairmanship and his “golden share” rights in an effort to ease investor concerns. Moulding has often criticised what he regards as unwarranted attacks on his business by the press and City analysts.

[hades1] 24/9/2023 09:52

Shiela/GTC
Here you go.
Are you now peddling another MBO fantasy?

Today’s FT 5 hrs ago.
Sorry in 2 parts as I didn’t post full article as on a mobile device so posted link earlier.

A sale of a business park owned by THG boss Matthew Moulding, which also houses the ecommerce group’s headquarters, has fallen through.
The ecommerce group, which runs websites Lookfantastic and Myprotein, is a tenant at Icon Business Park in Manchester, ultimately owned by the THG co-founder.
Moulding Capital Limited had been in talks with property company ICG Real Estate to sell the business park but no agreement was reached, according to two people familiar with the discussions.
For a transaction to proceed, a prospective buyer would need an approval from Warrington Borough Council to novate a £128mn loan.
The Icon complex is used as a security for a £128mn portion of a £202mn loan the Labour-led authority gave to the group of companies controlled by Moulding in 2020, according to official documents.
In July, the council cabinet initially approved a potential novation of the loan to ICG, which subsequently did not proceed with a deal.
The approval was criticised by Conservative councillor Mark Jervis, who said the cabinet had failed to properly scrutinise “flawed and erroneous arrangements” it had made when it looked at the novation loan.
“It is time for Labour to reduce its enormous debt mountain,” he added in a press release earlier this month. “The Labour cabinet is totally ill-equipped to make decisions on this debt.”
A Warrington Borough Council spokesperson said: “Cabinet approved a potential novation of an existing loan. However, for this to work it required the agreement of the council and two other parties. These agreements were not reached and therefore no novation was required.”
“The change is simply a movement in the commercial view of the interested parties, and not a U-turn,” they added.

[sankshiela] 24/9/2023 09:38

Hades you are such a little rat ain’t ya
You don’t even have access to the article and yet you post so much bullocks underr your hades/ BOIX / Rock8 user names

Rumour is moulding pulled it as he doesn’t need the funding to do the MBO anymore, he has it elsewhere. Why sell a part of thg infastrucure when you are about to take it all over

Gosh, you minnows disgust us

[hades1] 24/9/2023 09:28

hTTps://www.ft.com/content/d6176bee-716e-4ce1-a286-0e592dc29143

[one_frankel] 24/9/2023 02:19

SteveinHull, fantastic post yesterday but I would just like to add with the legal separation of divsions...The only reason it was actioned was because the market expected it, not because of the 'Incredible' decision making of the company and we still have no bloody idea whether Ingenuity contracts have any real value to the business!...And are they heavily subsidising their D2C services to bring potential clients onboard and build loyalty to the brand or are they looking to be cost-effective from the outset...My honest guess would be the first as I don't think this tripe of a company likes the smell of money in any circumstance unfortunately!

[one_frankel] 24/9/2023 01:22

If the monthly rental is between $3-12k and I'll use a median figure of $7.5k for arguments sake here but does that equate to $3M outright in your rather small world Bobby?

...Try playing others here as i have no doubt they'll believe you, not me my dear friend because I wouldn't like to tell you what our commercial/residential property portfolio market value is worth except its pittance compared to your friends 3M apartment hehe!

...By the way, I sincerely hope you've realised by now that being superficial, pretentious, whatever you want to call it is just not part of my genotype and I believe me when i tell you, that I really can't stand that type!

[one_frankel] 23/9/2023 22:20

Your superior trading skills Paddy...Really!

[griffo221] 23/9/2023 22:03

Toast doesnt get burnt. He listens ;)

[one_frankel] 23/9/2023 20:11

The balcony looks nice enough Bobby but I want to see the interior before concurring with your $3M price tag as it certainly doesn't look like it at first glance my dear friend!

[havinthelasttoast] 23/9/2023 19:56

Wtf would you know Franny.

You’re the most daft here.

“ only a spivs play thing” is your most intelligent comment.

At least bow down to your betters, hades and Toast and admire our superior trading skills.

You and Bwana and John 09 should start your own club. If you get my drift hehe

[one_frankel] 23/9/2023 19:54

Call me Batman Disco, ready to serve those that need all the help they can bloody well get!

[one_frankel] 23/9/2023 19:52

Let's hope youre not old and decrepit by that time Francois but at least your children will enjoy the fruits of your labour whilst you turn in your grave, so not all lost hey!

[francoismyname] 23/9/2023 19:33

I watch the price action and it’s a false market at present.

Held at low prices, interest rates hold and we fall, tries to go past 70p and algos kick in.

Just take it in your stride and see that true value will win through in the end. Big disconnect between price and true value.

Matt owes us a big pay day when we least expect it.