Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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https://www.retailgazette.co.uk/blog/2018/09/hut-group-rejected-3-9bn-takeover-bids-continues-aggressive-growth/
FACT!!!
THG Revenue grown x4 since - FACT
Golden is short and desperate and incessantly posts FUD here - FACT
The FACT re 170p is so far only one group of people feels that that undervalued the business. That’s the board. No other party does
Share price is below
No other bids (yet)
So it’s not a FACT it’s an opinion of one group. So far no other group agrees
You’re confusing your opinion with fact
Shorts closing can be traders. They aren’t investors. Some will play the risk of a bid and others won’t. If the risk of a bid falls away their regular thesis returns
These are facts. Your view is opinion your turning into a fact
Goldy
Thanks for the insight Rock, very interesting.
Hargreaves Lansdown will be doing this as they are paid to provide greater liquidity to other pools/exchanges.
Even Hargreaves Lansdown are using a broker pool with THG.
I bought a few via Lansdown and whilst the buys are logged reasonably quickly on the LSE register they are booked as Off Book Trades which usually indicates that they are broker pool trades.
Makes sense, thanks for the info. wonder if we will see any articles on Thg TO in Sunday press. Guessing offers will be in before AGM….
The size of the iceberg is difficult to estimate as its an iceberg but it pops up with 200-300k every time the volatility rose and the prices rose to 156-158p
The spread on the LSE is also at times extremely higher (which increases volatility) this again is because the volumes are going through broker pools and the LSE doesn’t provide accurate pricing. The broker dark pools provide no visibility- that’s why they are called dark and are extensively used by shorts and large buyers/sells.
Interesting Rock / thanks for the comments. How big is the iceberg at 160 out of interest? Guessing it’s been there for the last few trading days?
I disagree with your assertion.
In my experience when bids fail the price dips as holders waiting for a bid sell but the shorting activity rarely returns - Why would it as clearly the risk of further bids is higher than before?
Yes it will dip back to likely 110-120p but soon recover to 140p ish.
Look at the evidence out there.
But I believe the chances of a successful bid here are extremely high anyway.
The reason for the take Friday fall is yet again caused by the high proportion of trading on broker dark pools 80-70% of the THG daily traded volumes. It makes sense for the price to be dropped to enable the 5m odd remaining short to be closed out ASAP at at than 160p.
On L2 there has been an iceberg sell sitting at 160p for the past few days ensuring it doesn’t breach.
The 5m shorts left will be closed in the 150s next week.
IMHO
Thanks for your thoughts both of you - and agree , if he would accept 2.5£ per share, it’s got to be nailed on that one of the 2 bidders or an undisclosed new bidder make that as an offer. Interesting it would be a nice premium if circa 50%+ to highest price on Thursday so has a nice sound to it when / if offered
I think we all agree 2.5£ is low ball, but what people forget is MM will remain in full control (as his shares will roll into new private company), he gets back full control and doesn’t have to deal with the BS of the city- this is why I see this option as the most likely.
I think Fridays fall was just a few nervous longs getting out before weekend. People maybe thought it would have another squeezy day. When that didn’t happen, they decided to take their chips off the table. They’ll be back again next week.
Also, it had had a huge run, Wednesday and Thursday.
It’s superb that shares on loan are reducing / ahorts closing. And SP increasing from 145 close of last week to 152 this week is testimony to this plus chance of increased bid. Why do people think SP dropped so hard in final 30 mins of business yesterday? Esp when nasdaq was flying
I personally think that maximum upside is 250p
(ie £1 profit) for longs.
Downside? 50-70p (ie about £1 loss) for shorts.
Chance of either 70/30 that a bid actually materialises.
Consequently, fill your boots!!!
But it’s NOT a no brainer!!!!
My point exactly - Binky - took a few minutes, do you guys just sit there monitoring this board full time, and at weekends! Lol recent full time job of yours here Lmao!
And the other FACTS are, 170p early bid has come in, and this SIGNIFICANTLY undervalues the company!
And only small, yes, but both PE firms have started buying THG shares.
Join the dots, 5 year old can do it, it's staring you in the face. But you know you have an agenda, immediate clampdown on any suggested positivity!
SP28
There is nothing wrong with pointing out both scenarios. This is a discussion forum. Obviously, if the bids are pulled, the price will collapse and obviously, if the bids improve, the price will go higher. But when the downside is pointed out here, most people get offensive, abusive, go into denial, delusional, etc.
We get it your'e a glass half empty type of person lol
I think in your case, there is no glass at all!
Facts speak for themselves. You can suggest a million things that 'may' happen. However these are the FACTS. Shorters are closing and share price is moving up!
Or if the takeover discussions lead to nothing it gives them a free chance to reload
Goldy
7 days ago - 22.8m
Currently - 4.9m
Source - Ortex
Hence the sharp move upwards!
Looks like their game could be coming to an end.
3 very interesting days coming ahead before the long weekend!