London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
You will only have one login account. Registering with multiple accounts is not allowed. Any user found to have more than one account on this site will have all, and any future accounts suspended permanently.
Your email and password must only be used by you. If a post is made under your account, it will be considered that it was posted by yourself.
Your account nickname must not be the same, or contain, listed company names or board members' names.
While debating and discussion is fine, we will not tolerate; rudeness, swearing, insulting posts, personal attacks, or posts which are invasive of another's privacy.
You will not;
discuss illegal or criminal activities.
post any confidential or price sensitive information or that is not public knowledge.
post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities.
post any private communication, or part thereof, from any other person, including from a member of the board of directors of a listed company. Such posts cannot be verified as true and could be deemed to be misleading.
post any personal details (e.g. email address or phone number).
post live price or level 2 updates.
publish content that is not your original work, or infringes the copyright or other rights of any third party.
post non-constructive, meaningless, one word (or short) non-sense posts.
post links to, or otherwise publish any content containing any form of advertising, promotion for goods and services, spam, or other unsolicited communication.
post any affiliate or referral links, or post anything asking for a referral.
post or otherwise publish any content unrelated to the board or the board's topic.
re-post premium share chat posts on regular share chat.
restrict or inhibit any other user from using the boards.
impersonate any person or entity, including any of our employees or representatives.
post or transmit any content that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of this website or any computer software or equipment.
If you are going to post non-English, please also post an English translation of your post.
If you are going to post non-English, please also post an English translation of your post.
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium and Verified Members
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I think too much emphasis is being put on Blackrock..... Blackrock as a whole has hundreds of short positions across the UK and mainland European markets
This is just one position held in one particular Blackrock UK Fund - decisions of which are made purely by that fund manager alone ...and if they decide to rebalance the fund portfolio weighting ... ..then that is a common practice ....Fund Managers often rebalance holdings on a quarterly basis ...adding or selling
My thoughts on the RNS for what they're worth. BR previously had 5.37% shares = 75,335,789 shares. To cross the threshold below 5% yesterday they would have had to have sold a minimum of 0.37% or 5,190,734 shares. From the RNS, it only shows the date the threshold was crossed, being yesterday. It doesn't state the date they started reducing their position from 5.37% stake. Also, they must have been selling prior to yesterday as total shares sold yesterday were 2,029,282 (= half the traded volumes or = half the buys 2,328,846 + sells 1,437,323 + unknowns 292,395 - data from ADVFN). So based on the volumes traded in the market and knowing there was more than 5.19m shares sold off by BR, they must have been selling this stock down over the course of a few days at least because the sold volume is higher than the last couple of days full traded volumes, hence the recent price push downs in the last week and possibly why the price recovered yesterday when they possibly stopped selling (or this little bulleting board actually ramped up the price with the talk over the linkedin posts - which I doubt).
Another point, in the previous BlackRock RNS 18th October (link below), they showed they had 7.2m shares out on loan to shorts. https://www.lse.co.uk/rns/THG/tr-1-notification-of-major-holdings-vdx5vlvmct93gvy.html See in the link 8B1. Financial Instruments according to (DTR5.3.1R.(1) (a)) / Securities Lending / Number of voting rights that may be acquired if the instrument is exercised/converted / 7,184,497. Have these shares on loan now been sold, pushing BR below the 5% threshold, and signaling a reduction in short selling pressure in the run up to a peak trading statement?
So the question now is have they stopped selling? Have they sold off the short positions? If yes to these questions we could start to see SP recovery. And who bought the stock? Retail investors? MM? Directors? Other major investors? Is another RNS coming to show the buys?
So I wouldn't see this news as negative just yet, especially after the positive share price action we saw yesterday and closing in the green today also.
I'm still very much a novice retail trader so can someone with more knowledge and experience than me please check my understanding here and advise? Thanks.
Blackrocks last THG share sale at 195p was well timed. Personally I'm wary of buying currently. BlackRock have a long association with THG and clearly they do not see all is well within the company even at these very low share price levels.
Rns not very clear, just that combined voting rights have reduced slightly Should not be too in awe of Blackrock these days considering their judgement over massive loans they lent to "Evergrande" Which probably will default.
" the last time they had a formal market presentation the share price turned south. "
Having spoken to a number of people opinion is that 1-2 analysts working for certain Investment banks specifically targeted the presentation with the aim of trying to put the CEO in a bad light ..banks which were shorting the share
Oh yes, it was a work related meeting and all of the rules were followed... But they may fail to recall any other parties, I mean work related meetings dates when prompted... Might I add that Allegra did a fine job at COP26 :)
Given the governance around THG it wouldn't surprise me if they thought it might be a good idea to spread good news around informally like this. Its not their strong point. After all, the last time they had a formal market presentation the share price turned south. I would be cautious, that's all, pinch of salt and all that.
Cardinal3 Well maybe so....true But..many companies use Linkedin a bit like Twitter and promote their successes/news which goes to their LinkedIn followers Some of the followers then perceive them as a good company to work for...and apply for a job Followers are generally within the industry/sector
If you are an employee celebrating achievements why would you post on a third party open site like LinkedIN? Wouldn't you be whatsapping or emailing your colleagues internally? It feels odd and orchestrated to have so many quotes from different colleagues.
For all those needing some emotional support today, lets go back to our friends from THG again: (for anyone who's new here or didn't see yesterday - these are exact quotes taken from posts by THG employees on LinkedIn celebrating recent performances over November, Black Friday and Cyber week.)
"This year’s Black Friday was more special for me as it was the first ever Black Friday for Homebase with PHENOMENAL results."
"The very first Black Friday campaigns for Homebase and Bathstore not only delivered, they absolutely smashed expectations out the water! "
"It’s Singles Day 2021 here at THG! Last year, our Beauty Brands Team Asia had a record breaking day and won ‘Team of the Year 2020’! The team already smashed this years targets before the day had even begun & will be celebrating all their efforts next week! "
"An amazing first Black Friday with THG Ingenuity! Congrats to all my fellow fashion team for smashing our target! here’s to the rest of cyber week & many more successful Black Fridays to come!!"
"The end of my first Cyber Week at THG Ingenuity as an E-commerce Trader, and what a week it’s been! After months of hard work, preparation and relationship building, I drove my account to exceed target throughout the entire Cyber period with some record breaking numbers. "
"Well, that’s a wrap… 5th Cyber Weekend with THG completed! Shout out to all of our amazing affiliate teams in Beauty, Own Brand, Health, Ingenuity, Luxury, Consumer, Diet and Glossybox for delivering a record breaking year for the channel!"
"I have learnt so much this weekend, and I am very proud of my team smashing our targets!"
"Happy Friday LinkedIn! THG’s Beauty Squad have been working incredibly hard to ensure we have another record breaking Q4 so we thought it would be a nice opportunity to get together, share our successes, award our weekly nominees with some great prizes & raise a glass in anticipation of the huge Black Friday / Cyber we are are no doubtebly going to have in 2 weeks time!!"
"Black Friday at THG is not just another day. It is the defining moment of our financial year. I am SO PROUD to say that this year we hit RECORD BREAKING sales, new customers, onsite conversion and traffic numbers across our Australian Beauty sites. What a way to wrap up another phenomenal year. Bring on 2022!"
"On Friday THG Beauty joined together to celebrate our stellar performance through November including a record breaking Singles' Day 2021."
"BLACK FRIDAY 2021. What an amazing event celebrating another record breaking trading day"