Thg Share Discussion Threads

[griffo221] 13/2/2022 09:54

Pointless article. Why bother noting who's not interested when there is clear interest elsewhere. No smoke without fire

[boix] 13/2/2022 09:48

I would guess Dominic Murphy now at CVC was approached by either Advent International, Leonard Green & Partners or Apollo to be part of any deal?
It kind of makes sense as Dominic Murphy when at KKR had an understanding of THG going back in history?
But article not clear and a bit of a nonsense article anyway.
I have not found anything else in either The Sunday Times or Sunday Telegraph.

[newswseller] 13/2/2022 09:40

An oddly phrased article.. essentially saying that there are two parties interested who approached THG, but THG now directly contacting other PE firms?

[boix] 12/2/2022 23:42

Tomorrow’s MOS

RUGBY fans were busy watching the Six Nations yesterday, but the tournament’s owner, CVC Capital, doesn’t fancy a scrum.
The private equity firm has been touted in the City as a suitor for The Hut Group. The online retailer has already attracted attention from rival buyout firms Advent International, Leonard Green & Partners and Apollo.
Dominic Murphy joined CVC as managing partner in 2019 from rival KKR, where he played a key role in investing in THG, but sources close to CVC said Murphy had snubbed an approach about a deal.
THG’s pummelled stock has held gains made when buyout reports emerged. Are investors betting that founder Matt Moulding will swiftly end its painful stint as a public company?

[griffo221] 12/2/2022 18:54

Hoping for some Sunday Times THG news ?

[newswseller] 12/2/2022 14:28

Where's Fxdealer3 gone ?

[boix] 12/2/2022 13:39

Leoneobull
Do you have a link to the post or time/day as I can’t find it?

[f56] 12/2/2022 13:26

I doubt that she will be made CEO but she could do some cream modelling.

[leoneobull] 12/2/2022 12:55

Bob. Sbdy on LSE claims an announcement next week. Will MM's Mum be made CEO?

[boix] 12/2/2022 10:59

Agreed but first we just need one of the PE’s to ask to see the books to get the first RNS.
Then we get a second RNS if they make an offer.
It’s possible they would go straight to stage 2 or move from stage 1 to 2 over a weekend but in my view there will be a longer gap between stages as it’s a complicated business to value.

Actually I was surprised (along with Mr Market) that we don’t get the first RNS last Monday - Fingers crossed it happens very soon.

From the article posted
“If even an approach to make an offer – and so get to see the management books, not just the public stock market information – were made then there would have to be an announcement about that. At which point we’d see another jump in the THG share price.”

[billionarebob] 12/2/2022 10:42

BOIX I agree and reports are that several PEs are interested, couple that with what MM has said about going private and I think we will see an offer. Whether that offer is accepted is down to MM as he still has the special share.

If the offer is rejected I can still see the share price going up, similar to John Menzies this week.

IMHO of course, have a great weekend and looking forward to the next RNS hopefully sometime very soon :)

[boix] 12/2/2022 10:09

Asktraders from 7th Feb 22 but still holds true today - We wait for that RNS!

It’s arguable as to whether THG – The Hut Group – (LON: THG) should in fact be on the stock market at all. One possible solution to that problem is of course for it to stop being on the stock market – for THG to go private again.

We’ve mentioned this before about THG: “One is the rumour that Moulding might take THG private again. This would have to be at a premium to the current price but probably not to the 500p flotation price.” This is what is happening at present, the gossip about whether that move to go private again is getting stronger, much stronger.

Both Advent International and Leonard Green are said to be running their slide rules over the options to take THG private again. As we said before, any such offer would have to be at a substantial premium to the current share price, thus the jump in that price over the weekend.

As to why this go private idea the fact is that Moulding just doesn’t seem cut out to be running a public company. There’s not, in fact, much wrong with the way the company itself is going. Sure, recent results were below expectations but that’s part of the point about Moulding. Expectations management is a part of the chairman’s job.

There’s also that issue over his complaints about short selling. The claims seem to be that the big boys ganged up on him and then ran away. Which isn’t how short selling works at all – it’s a bet on the company currently being overvalued, not a manner of creating that overvaluation. As it turned out the short sellers were right too, THG is well down from the 500 p flotation price.

As traders though we want to know what to do next? The answer being that we’ve got to make a calculation here. Leave aside – because the action is going to be in the short term – the performance of the underlying business of The Hut Group. As we’ve said that’s not too bad but that’s obscured by it previously being overvalued. Shares in THG are going to be valued, in this short term, according to news or not of those private equity barons having a look at THG.

If they walk away then there’s more downside to come. Not, particularly, because the company itself is bad, but because of sentiment. If private equity won’t take it at these low prices then why should we as outside investors? If they decide to take another step though, then there’s likely to be another jump in the THG share price.

If even an approach to make an offer – and so get to see the management books, not just the public stock market information – were made then there would have to be an announcement about that. At which point we’d see another jump in the THG share price.

That’s what the trade is – a private equity approach for THG is going to materialise or not?

[davidro77] 11/2/2022 22:45

Yes but its long term trend has been down down down just like thg Anyone can call out a couple of days spike up in a downtrend but it's pretty meaningless when that bounce just took it above 200 when it was 450p a few months back

[linton5] 11/2/2022 18:47

Superdry up 14% this week

[billionarebob] 11/2/2022 18:34

If you buy then quickly sell and coinside that sale with a volley of algo automated bot sales it puts more pressure/momentum on market makers to drop the price. In theory?

[leoneobull] 11/2/2022 18:19

Boo and asos down 5% . Yep i know they have different business models but point is THg actually holding up.

[b1nky] 11/2/2022 18:12

How does buying then selling the same amount affect the sp?

[newswseller] 11/2/2022 16:36

Probably just rollovers

[newswseller] 11/2/2022 16:36

Perfectly normal trading pattern here.. ermm

[billionarebob] 11/2/2022 16:19

From lse board:



Very interesting?

[hamhamham1] 11/2/2022 14:19

Did post some of my bets but thought shouldn't really, anyway, up the THG:)

[david gruen] 11/2/2022 13:47

Just topped up with another £13.5k

10314

[billionarebob] 11/2/2022 12:26

Merrick, I disagree with your statement share price direction hinges on 'bid or not' the share price direction depends on an RNS full stop.

If there is no RNS then the share price will drift along at current levels, rising up or down slightly on speculation and gossip.

When the RNS is released to either accept or reject a PE bid then the share price will go up.

Look at Jonh Menzies recent share price and this is after yesterday's RNS release about the deal being turned down.

464.68 GBX +179.68 (63.05%)
past 5 days

To answer your question 'Everything is priced in' there is nothing more to squeeze. Even shorters are now scratching their heads asking how Ingenuity can be priced by the market at zero.

bdlm just posted 'I see things improving at THG' go read his posts about fraud, turns out he is the fraud. If you want a green light to go long look at what the shorts are doing and there is your answer.

When things like, Ingenuity, Investment, M&A figures, hitting/beating IPO targets get priced in then the share price will go up.

THG is massively over sold which is why there are plenty of folk buying their shares.

Of course this is only my opinion and this is why I am invested here :)

[b1nky] 11/2/2022 12:20

This weekend??????