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Canary, great posts ... thank you for the info. Much appreciated and with 23 likes so far it seems many agree :)
Hopefully provides a boost to SP. But what would it take for SP to get back to 200’s or 300’s? In my mind its buyout or separation -but- could it incrementally get there on positive macro + being in + cashflow? As in could there a fundamental re-rating by market and what would cause that? A strategy update would be helpful
@canary great post and don't forget about 6% of the shares are held by shorts under the 5% radar. Interesting times ahead :)
Cheers C3, great post 👍
Thanks canary..interesting and exactly what these forums are useful for..
Thanks canary, will read those reviews with interest. Just for clarity though, is the 1st July now a firm date for the changes, or does it all still need to be ratified and implementation date confirmed? 100% agree with your analysis, if tracker funds have to buy from the 35% it could get very interesting.
Hopefully the listing update will be closely followed by interest rate cuts. Will certainly make for an interesting summer 🤞🏼
Some reviews that i have ben reading, including the one from the Ftse, the consultation has gone on for a few years and will almost certainly go live as i posted..interesting times.
https://www.sullcrom.com/SullivanCromwell/_Assets/PDFs/Memos/Major-Changes-UK-Listing-Regime.pdf
https://www.dentons.com/en/insights/articles/2024/march/28/proposed-changes-to-the-uk-listing-regime-ftse-indexation
https://www.lseg.com/content/dam/ftse-russell/en_us/documents/policy-documents/ftse-faq-document-uk-listing-regime-and-ftse-uk-index-series.pdf
@canary, I know these changes have been in the works a while, but when and where were the official changes published, and are the timelines for implementation firm? Keen to read up. Feels massive for unloved standard listings that have been the playthings of the shorts. I believe S4 capital is in the same bracket, where I also hold shares
@canary if your research is right that is big news. Let the front running of the index funds begin!!! Poor shorts
British Bulls are staying long. Thats good enough for me 😂
It can be an in-specie dividend to existing shareholders and IPO to new shareholders at the same time if they wanted more new cash into the business. JMO Adyor
My Protein valuation £3.5 billion if you compare what Darktrace was bought for a couple of weeks ago. That's about 260p a share just for My Protein. If it was spun off as an in-specie dividend, no CGT to pay until shares are sold. JMO Adyor
I have just been reviewing the changes to the rules and they are extremely significant, so much so that the rule book is being rewritten for the existing segments of the stock exchange and there will now be only one set of rules for all companies, the process started in 2021 and is due to be implemented from July 1st this year.
So a 3 year process. that seems to my recollection to be a year late in implementation, however the change are widespread and it’s no real surprise that there has been a delay to the perhaps optimistic timeline.
THG of course falls into the companies effected and the work undertaken by the company to separate the divisions and to have clear financial accounts for each opens up many possibilities.
THG currently has market cap of 1 billion give or take, the top company in FTSE 250 has a MCap of approximately 4.5 billion with the bottom company having about 200 million. ( will be out a bit since i looked some time ago), so we sit somewhere in between.
Currently we have no index type funds holding the shares of THG and when i asked on here the number that will have to hold THG a couple of weeks ago i got answers of approximately 5 to 15% of the share capital will be purchased.
This is IMO very significant as if we have 65% of holders holding firm ( which i have no information to doubt), there is about 500 million shares up for grabs, of course some held by readers on here.
So if 10% of shares need to be held by various index type trackers and so on , that means they will need to hold around 150 million, and if only 500 million is up for grabs then we might see some fun.
The changes will come into effect on the 1st of July with a 2 week setting in period and then business as usual.
IMO its going to be a very interesting time, in the run up to the 1st of July will funds buy THG or will their mandates restrict buying and conversely how long will they have to get to their ‘requirement’ 3 or 6 months? i have no idea but it does suggest that there will be steady buying coming soon.
It will also be interesting to see if MM and the board go ahead and stay listed on the FTSE and get much wider share ownership that is currently in place.
MM and the board have been waiting for this change in the rules , they saved a lot of money waiting for them rather than joining the premium listing as it currently stands, i think we have lots to look forward to as the changes occur and there will be considerable opportunities for the board to consider.
I could be wrong of course but it’s fun to think about it.
Interesting times ahead and i for one won't be selling
GL to all
That's not banter. It's stalking people online. Hope he realises the website owners will take a dim view of that behaviour.
My banter account got banned 🥺 obviously was too positive about the share.
Alright Steve you caught me, it's me, Ste4000.
Question is....who is the stalker....
Its great love the Banter!!not the fud
Come on Steve, I know you're that dull that you memorised the AGM being on the 24th June.
Is it AGM already?
Here is the link
https://uk.finance.yahoo.com/news/hedge-funds-slash-bets-against-204301193.html
Bloomberg) -- Hedge funds slashed their bets against the yen by most since March 2020 after Japanese authorities likely stepped into the market in a bid to pr...
Well dpws500, there only appear to be 10 vacancies advertised as when you click on to the next page, you get: “Sorry... We couldn't find that page.
It appears that page is no longer available or the URL does not exist.”
Have a good weekend all.
Very interesting on the technicals as Friday we have taken all the Moving Averages as Buy I cannot remember the last time that happened probably the time of the Apollo interest.. Hopefully kicks on Monday as all other technicals are now showing Strong Buy.. Interesting times well done all who held through the recent FUD campaign as SP showing strength & with interest rates cuts also on the way this could get interesting.. GLA