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Short movement.
bR down big. New shorter in at .55
What's the name of the new shorter?
Too many macro factors in play right now.
I wanted to see update on currency hedging?
Impact of interest rates on debt servicing costs?
Anyone help on the above Q’s please
kairos (not very active) 55
after blackrock dropped by 60 the past few days
Shorts down overall past week
The shorts just take it in turns and pass the baton to each other when one reduces
However black rock reducing is great news, as they are a proper II unlike the other joke shorts
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
half a million £ in UT sells. expect to lose everything you have next week, people
That’s not really how a UT works. U can’t possibly infer that.
Hi Rob perhaps you can ask eye very nicely to explain exactly what a UT is
please don't.i couldn't bear to read the distorted explanation we might get, crowbarred to fit his narrative.
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.
Blackrock have reduced by over 0.5% the last few days, seems strange there has been no uptick as they bought to close?
There wouldn't be if Jupiter selling
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
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..
Not double dropping Anacott?
Very disappointing!
Enjoy and let’s dust off for a new week of fun Monday.
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.
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.
Sven Vath
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.
Jeff Mills is God !!!
Nicely put Pencil, Averaging down most of us have positively obese positions lol. Have a good weekend everyone.
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.
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.
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/