Thg Share Discussion Threads

[bbmsionlypostafter] 29/1/2022 09:26

Whatever else the Times has to say about MM or THG I'm betting they're going to refer to him as a pot washer (again).

[amaretto1] 29/1/2022 09:24

Bloodyhell didn't realise that...So he's not even eligible for CGL With not owning outright

[sankshiela] 29/1/2022 09:22

Amaretto = has tennis on the mind
Poor poor little amaretto - he is away with the fairies

[srs8] 29/1/2022 09:20

Hi Kooba, many thanks for your posts om the whitehead share sell.
I am with you - it seems Whitehead put his shares in FIC to be used as collateral for a loan for Goldman (I guess so he could enjoy, or at least deploy, some of the wealth he helped to create at THG) but without the need to sell shares (hence not being exposed to the UK's capital gains tax at min 30% for him)

This is very common for high paid execs at public listed companies

Unfortunately he did not think in anyway the share price could drop to under 140p or lower, and as the share price did fall after Q4 update, it is likely his shares did not cover the loan value and if he could not raise equity elsewhere to cover, he had to sell shares as part of the loan Covenant

the extra 3m shares sold I would assume cover the loan value and also maybe the capital gains liability he must pay now for paying sold the shares (as they were vested as employee bonus/ reward, they have almost zero face value so he would have to pay tax on all 8.5M of the value sale)

[amaretto1] 29/1/2022 09:17

U been on Advfn a week .... and your telling me anything at all ..Concerns me !! Filtered.

[amaretto1] 29/1/2022 09:16

I've a relative that works for him ...He's in control of the Tennis side opportunities of the business...He's said it's like playing tennis in the board room meetings ....What ever you suggest... it's never a game set and match !!!A Ego on steroids driveing the bus !!!

[sankshiela] 29/1/2022 09:14

Poor amaretto - can’t understand margin calls. Can’t spell fair. Pity the poor fella for it not be his fault he is who he is

[amaretto1] 29/1/2022 09:11

Really ? And who r u ? Elon Musk can't either ... your point ?

[kooba] 29/1/2022 09:11

Ha you know the type of guys I'm talking about...i do hope moulding focuses on this business and doesn't buy trophy assets for his ego !

[sankshiela] 29/1/2022 09:10

Amaretto= can’t even spell fair
Pity the troll for he is not too bright

[amaretto1] 29/1/2022 09:08

True ... just hope your right !!Good comparison.... never thought of that .... let's hope he doesn't try buy Bolton football club !!!

[kooba] 29/1/2022 09:04

Well there was a recent trading update so nothing new there one hopes...and a board who must clearly realise they need to tidy up Corporate governance issues and improve their communications and messaging. To be fair the jury is out and i never understood the valuation the company held up until recently as my personal view it could be argued it was valued as a high growth technology company when it really was a hotch potch of retail brands across a number of consumer sectors...now it is valued as a retailer with a etc etc not as a technology play with highly valuable consumer facing platforms further expandable across wider markets.Fight back the company will..Moulding is used to being feted as a online retail guru and a business success ..he is unfamiliar where he finds himself now. His style and approach is not necessarily appealing to all but he will not be the first disruptive retailer to have that reputation.

[amaretto1] 29/1/2022 08:53

Ok ... but what else is in the background....

[kooba] 29/1/2022 08:51

I may well buy a few more on Monday now i know this was in the background..i don't see this as a reason for any further panic and I'm pretty sure the ii's may well have had a heads up on the circumstances by then and realise its not an founder and senior executive jumping ship out of choice. All imho and putting the pieces together ..no advice.

[amaretto1] 29/1/2022 08:47

Fare enough !! Would u invest in this company today knowing all this ?

[kooba] 29/1/2022 08:45

It's not rocket science fella...try to keep up. Trying to tie one guys personal financial arrangements into a big fraud conspiracy is delusional though. The sale may well have contributed to the last leg of the fall..may well be positive its out of the way. I'm only a small holder who bought in the other day..might well have some of these sold shares..not a conviction purchase more for heavy oversold position and its developed into quite a fascinating situation in a short space of time. More work to do, but there are some real comparisons with Ocado to be honest when their price blew up several years ago...retailer or technology platform? The market decided it was a technology platform and the stock flew..this company needs to regain credibility and better explain its story..the guy who sold or was forced to i believe will rue the day he took out that loan.

[amaretto1] 29/1/2022 08:33

Neither have you !!! The share price is telling you ....Well maybe not u .... being dilusional

[sankshiela] 29/1/2022 08:30

Amaretto = idiot with no facts to support argument

[amaretto1] 29/1/2022 08:28

U mean this is the story being made up on here ....U didn't even know about the shares on Thursday....So how u no it was margin call ? Like the Ware house shenanigans...What's next ? U can plainly see how they operate.. were they ex car dealers ???

[leoneobull] 29/1/2022 08:21

Forced sale at bottom. Onwards and upwards

[kooba] 29/1/2022 08:19

One executive having their shares sold because they had insufficient margin against a personal loan is very unfortunate for that individual who presumably never thought the shares would ever be so low. Does this have any bearing on the company or its accounting ...nope...no more so than any punter getting stopped out on a spread bet. The reasons why the individual had a loan who knows, maybe for luxuries in life, maybe for a divorce settlement ( now that would sting) but the context appears very much down to individual circumstances not involving main board directors or the company. What we do know is Mr Whitehead has seen his on paper wealth plummet and will not be getting it back now the shares have been sold..he may even still have residual borrowings if the sale has not covered the loan. Still assuming it has not been a discretionary sale of course.

[amaretto1] 29/1/2022 08:12

Don't be naive

[bookbroker] 29/1/2022 08:10

Surprising though that Moulding did not buy the stock, then that could have been in breach of market rules. Whitehead has faced a margin call, simple as that!

[goforgold1] 29/1/2022 08:08

They have already been done for cooking books before IPO. One guy took the wrap . Rumour always been being getting a nice Hand shake for taking all blame. More to this will come out . It's all about how they do there accounting . Some institutions think it's dodgy that's why i guess BLACKROCK sold out all them shares

[bookbroker] 29/1/2022 08:04

There are some stupid comments here, about as informed as Biden is about Putin’s intentions in the Ukraine.