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It only went up today because NCC gave a positive trading update to the market, THG actually went down.
I wouldn't have personally sold on today's RNS, but would likely be buying more. MM appears to want the market to know he's got skin in the game here, hence the TR1. Funny thing is, Kelso have been trading THG, having sold a tranch over £1, so it would look to me, his intentions may be just to buy this outright for the holding in THG (which he must clearly think is a premium to the price Kelso paid, and today's SP)
Very crafty on his behalf...
AIMHO, DYOR,GLA
The reason for the comment is that all the trades thus far today look like Buys, right from opening. Well done though if you profited as that's the name of the game.
Date Time Price Quantity Value
Nov 30, 2023 08:55:51 3.08p 50,000 £1,540.00
Nov 30, 2023 08:38:13 3.09p 50,000 £1,544.00
Nov 30, 2023 08:19:21 3.00p 100,000 £3,000.00
Nov 30, 2023 08:19:14 3.00p 80,000 £2,399.68
Nov 30, 2023 08:16:26 2.99p 25,486 £762.03
Nov 30, 2023 08:06:55 2.90p 100,000 £2,900.00
Nov 30, 2023 08:06:30 2.89p 24,600 £710.45
Nov 30, 2023 08:01:50 2.89p 18,490 £533.99
Course you have.
Well there was what appeared to be a small discount in Kelso shares compared to the value of their underlying assets. I've taken MM's money thank you.
So now we know who was bagging all the seller shares prior to and just after they cleared. Matt Moulding the CEO of THG. Nobody saw that one coming!! Must have taken about a month.
I'll give him his dues in that he read this well and accumulated on a downdraft. Shrewd move on his part. Could have just stopped at 3% had he wished but didn't and made it 3.2% so is he intent on accumulating more. No doubts about it that he has the personal wealth to easily buy Kelso outright or might he acquire it for THG and incorporate it as an Investment arm and supply it with larger capital. Or is it the first throws at using Kelso to take THG Nutrition to a seperate listing elsewhere and realising significant value twice over.
Doubtless, there will be a plan behind his investment. There always is.
Definitely spices things up for the foreseeable.
He's become an activist investor in his companies activist investor ;-)
A very interesting move my the THG founder.
Buys 3% in the vessel that owns shares in THG.
Is he gearing this up to be a vessel for a spin off??
What does he know?
Interesting times...
4th Investment just announced in Angling Direct
Circa over £800k spent for a 3% stake.
They seem to be making money from their investments. Maybe trading a few across the back of a core holding?
Definite logic also in urging a share buyback on Angling Direct.
This article follows on from a Linkedin post by THG's CEO Matt Moulding last night. Certainly hasn't done the share price of what is our largest holding THG any harm today.
+ 6.27% and thats KLSO well into profit again as they head towards Black Friday - Cyber Monday and all the Festive Trading that follows, and this year without postal disputes as well.
Maybe KLSO now looking like it has a bit of catching up to do.
https://businesscloud.co.uk/news/thg-founder-renews-lse-criticism-after-hotel-chocolat-sale/
Loss making in the last year and a Share price of 1.39p yesterday.
Recommended Bid today of £3.75 per share - so a substantial 150% premium in a flash overnight and the best bit is that none of it was leaked anywhere.
Picked up by Kelso on Linkedin and it's relevance to THG's MyProtein brand which in contrast to HOTC makes strong profits and would imvho command a revenue multiple far higher than 2.5%. The parent company THG of course being Kelso's biggest holding.
""We note the purchase today by Mars of Hotel Chocolat paying 375p a share against a 139p close last night, being around a 2.5x sales multiple and over a 150% premium. In our view this highlights the strategic importance to the biggest global brands from Beauty to Nutrition to Chocolate of the move to ‘Direct to Consumer’. In particular it highlights the importance of an omni-channel approach to distribution. Around 25% of Hotel Chocolat’s sales are online. The deal also highlights the significant value in UK smaller companies. Kelso’s biggest investment continues to be THG Plc the global D2C specialist in Beauty and Nutrition."
Just goes to show how shares and their prices can change in a flash.
Looks like there are no private investors in Kelso hence the almost zero shares being traded, despite THG and NCC rising in the past few days?
THG surging now towards 80p and NCC going well but Kelso still going backwards, very strange.
Thg still rising today, low inflation figures today should bode well for lower interest rates and consumers.
I see THG and NCC has sprung back today...the works being cautious but better than being over confident in Xmas trade expectations.
Someone is surely accumulating here?
Because the seller has cleared and there is also somebody now buying. Check out the volume.
Limited stock also available as most are firmly held.
Check out the volume
Why the sudden rise today?
Nice to see.
The majority of the shares were purchased at 31.3p as per the initial purchase. The smaller tranche was purchased later so the average is probably 33.4p then, so @32p close there's nothing to get excited about. It will be interesting to see if the Works have been buying their own shares today.
The majority of the shares were purchased at 31.3p as per the initial purchase. The smaller tranche was purchased later so the average is probably 33.4p then, so @32p close there's nothing to get excited about. It will be interesting to see if the Works have been buying their own shares today.
Moniman: "Kelso only paid 31p for Works shares"
The interim results say 33.4p and they have purchased more since then, so 31p per share is impossible.
I did..
I don't know everything moniman, nobody does but two things.
1. I do some basic research and then I think before I post and
2. Therefore I don't post rubbish on bulletin boards. The latter point only applies to the times you post on the THG bulletin board (without having any shares)
I wish you well with your investments and hopefully you saw value in WRKS this morning and Kelso at 2p to 2.1p
Their sp was 2p. Its been discussed many times already. They wrote off shares for 20% less than the money was raised at. A good move.
They only spent 10s of thousands to do so.
They can now deploy the rest of their cash to snaffle up shares in WRKS. Because they've spent a little on their own shares doesn't mean they can't buy anything elsewhere