1st Dec 2023 13:43
Kelso Group Holdings PLC - invests in undervalued London-listed companies - Matthew Moulding, the founder & chief executive officer of e-commerce platform THG PLC, has taken a 3.2% stake in Kelso, according to a stock exchange filing by Kelso on Thursday. It says Moulding held 10.0 million Kelso shares as of Thursday. No reason is provided for Moulding's investment.
Kelso itself owns 8.0 million shares in THG, a 0.6% stake. It first bought 5.0 million THG shares back in January and added to its holding April. Throughout the year, Kelso has advocated a break-up of Moulding's business, arguing THG's Nutrition business alone could be worth more than the entire company's market capitalisation of GBP995.2 million.
Current Kelso stock price: 3.26 pence, up 11% on Friday for GBP10.2 million market cap
12-month change: down 5.5%
By Tom Waite, Alliance News editor
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