Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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CHRYS Nav update is due anytime, it will be interesting to see how much THG they have. their last buy was 15 million pounds at 195.
This could turn on a dime, only takes one of those earlier bidders to pop up taking Jupiter's stake, and tbh why wouldn't they -
Happily buying daily during bid period at 130 - 150 range, now at less than half that with stock potentially available in size, nothing has changed materially with THG other than confirmation of Softbank expiry option.
Also imo Lord Allen thought THIS CAN'T GO DOWN ANYMORE @86.44
then MM thought THIS CAN'T GO DOWN ANYMORE @70.44 so much so he gave them away to friends
But 62.5 knows about the numpties position and will be taking as much as possible and it will be great to find out who it is my money's on kkr
Nice work pencil thank you very much
Seems the bottom line is Jupiter's getting a new CEO very soon and the numpties who are still left there (after the prior CEO resigned recently so he could JUST SIT ON THE BEACH his own words) are trying to deal with all the redemptions and disguise their own disregard of compliance weighting of positions
Just feel for the OAP's and hnw individuals that have huge amounts tied up with these numpties and put their trust in them
But this has given us a mega opportunity to own a fantastic business at a huge discount to it's nav and its huge future potential and blank cheque book 62.5 knows it if any shorts want to close their going to have to bid more than buyer 62.5 imo
Jupiter and CHRY are a total mess. The huge fees they charged their clients are close to daylight robbery.
Both funds are experiencing huge outflows and the SP performance is as bad as any Uk Ecom player
I smell a woodford situation with them.
Thg is just unlikely so much of their share holding is owned by these 2 distressed sellers. Looking forward to them being out
Here is CHRY portfolio update from July, it too holds THG and REVB and could also potentially be selling down as JUP sell CHRY to raise funds, that sounds complicated but here are the links which may better explain this web.
CHRY Portfolio update
https://www.investegate.co.uk/chrysalis-invs-ltd--chry-/rns/portfolio-update/202207111317410427S/
JUP selling down their stake in CHRY, now just under 22% from IC quoted 23%
https://www.investegate.co.uk/chrysalis-invs-ltd--chry-/rns/holding-s--in-company/202207221049464632T/
Cheers Marlin, I keep revisiting the Jupiter/Chrysalis relationship in an effort to clarify overall risk.
One thing that may have confused the situation is both companies have a holding in THG which, as far as I can ascertain is managed by the same fund managers, Nick Williamson and Richard Watts who work for Jupiter.
According to IC Jupiter also own 23% of CHRY so they potentially have risk within their own portfolio plus CHRY's where duplication exists.
Jupiter's own clients who appear on TR1, are Northern Trust, JP Morgan and Citigroup.
I have no idea how all of this works and neither does anyone else, IC article from July has a reasonable go but its only skimming the surface.
(non paywall)
Jupiter stuck inside Chrysalis
The issues surrounding Jupiter’s direct involvement in listed, but illiquid, investments continue to sap the fund manager
July 5, 2022
By Julian Hofmann
https://www.investorschronicle.co.uk/news/2022/07/05/jupiter-stuck-inside-chrysalis/
THG will have daily updates on their share register and will know how many are left, we can also opt to buy a snapshot copy which will give full access to the same, cost is around 350GBP for named or 1GBP for nominees only.
Price target decreased to UK£2.28
Down from UK£2.72, the current price target is an average from 11 analysts.
• New target price is 263% above last closing price of UK£0.63.
• Stock is down 89% over the past year.
• The company is forecast to post a net loss per share of UK£0.11 next year compared to a net loss per share of UK£0.13 last year.
Nicely put Pencil, Averaging down most of us have positively obese positions lol. Have a good weekend everyone.
Jeff Mills is God !!!
This whole Jupiter/Chrysalis thing has nothing at all to do with THG's business, management or operational performance, purely a function of fund managers getting things wrong on other investments.
Its not unique either, Softbank, Sofina and eye watering losses this year from Norwegian sovereign wealth fund.
Scroll through Blackrock's funds, some are wiped out or down 99% despite all of their wheeling and dealing, synthetic CFD's.
THG are about as lean as you can get operational wise without cutting corners. The board look to the future and invest accordingly in infrastructure and automation, its during times like this they will reap rewards for prudent and judicious forward planning.
Added 15% to an already overweight position.
Sven Vath
Crikey ..those dj’s are a blast from the past …only Carl Cox missing from the line up, imo.
Have a good night …it’s been awhile for me too.
Excellent. Used to go big in the days of acid house and techno. Has some banging nights out in the late 80s to mid 90s. Still love the music now.
Not double dropping Anacott?
Very disappointing!
Enjoy and let’s dust off for a new week of fun Monday.
It’s a Space in time.. I’m off to see Dave Pearce, Seb Fontaine & Tall Paul In Saffron Walden tomorrow night. Granted I won’t be double dropping the E’s these days but life goes on & I will have it right off! THG will come good but in the meantime live your best life & go hard cos life isn’t a dress rehearsal this is it NOW… Have a wonderful weekend team THG you know who you are we will have our day ok the Sunshine… See you Monday..
BR have reduced but new short opened yesterday at pretty much the same vale BR reduced over last few weeks..never been more disappointed in a share than this one..it’s being rinsed by everyone..I thought lord Allen was supposed to help with relationships in the city..absolute joke..share price a further 35% down sine he joined…long PI’s are being battered here and complete silence from the company..shambles
There wouldn't be if Jupiter selling
Blackrock have reduced by over 0.5% the last few days, seems strange there has been no uptick as they bought to close?
Stop trying to scare people @eye of bullsh.. Below from April 2022 results
Strong liquidity position with net cash of £44.4m at year end (excluding lease liabilities), cash of over £530m and a £170m undrawn revolving credit facility. The Group's bank facilities have long tenures, specifically, the €600m Term Loan B matures in December 2026 and the £170m revolving credit facility matures in December 2024.
please don't.i couldn't bear to read the distorted explanation we might get, crowbarred to fit his narrative.
Hi Rob perhaps you can ask eye very nicely to explain exactly what a UT is
That’s not really how a UT works. U can’t possibly infer that.
half a million £ in UT sells. expect to lose everything you have next week, people
yep pass the parcel and when the music stops and the last wrap has come off somebody is left holding the baby
but concur Black Rock would have a better finger on the pulse