The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Looks like Pi’s are been played again . Do worry they want you shares cheap.
Not having mine you barstewards.
I doubt very much they are short as in unhedged, as mentioned before the LSE only permits one side of the trade to be disclosed hence everyone jumps to the conclusion these funds are short, that's al they see.
Other exchanges show both sides of the trade, which maybe a call option or simply a front desk managing long positions, impossible to tell without full disclosure.
UK v USA
There's some interesting stats in that CNBC article, of course early days but we could see UK outperform the US, we are already 500 points up from a month or so v Dow.
I've had a US investor take a nibble at one of mine, shares ended up 40% on the week, it does happen.
"The negativity from Ste and his aliases has become ridiculously transparent now."
Just put it on filter and then you can't see it. If you argue with an idiot they drag you down to their level and then beat you with their experience at that level !!
"But also a reason I’d like to see the THG SP recover before any ‘events’ otherwise simply far too cheap"
Bears no relation as it won't be a premium on the SP. Not sure why people think it will be and if the SP hasn't recovered any bids etc will be lower ?
The negativity from Ste and his aliases has become ridiculously transparent now. I'm not entirely why he continues to post given that everyone on the BB knows his agenda. Then again, if I bought THG at around £4, sold at a huge loss and then (unsuccessfully) tried to trade it on a short-term basis too, maybe I'd be as bitter as him/her/them/it too.
No surprises there novice, ended up having to add several ste filters, as I think some thought they were funny, but were simply clogging up the board further.
Anyways back to task in hand, could do with another leg up past 80p to really drive that positivity vibe
GLA as always
We all know there is plenty of inherent value in nutrition & beauty, but THG only gets back to £5 a share with significant 3rd party Ingenuity "whales" IMO. I still believe this is possible as no doubt the market opportunity is there, hopefully Crane and his new CEO can sell the solution better than we have the last 2 years.
But lets no beat around the bush, 75p is nowhere near fair value for this share even without quick Ingenuity winds.
Rate cuts, LSE rule changes, capital events all on the table. Baffles me why anyone would be short here.
Summed up nicely Novice
Ste (who else?) is crying a river about US shorts. Exact quote is: "USA shorts have no shame. blatant"
I can think of at least one poster on this board who also has no shame. Blatant.
What on earth can a green box be saying now?
Is it the usual premature comments because we’ve dipped a little?
GLA
KBYK we will have to agree to disagree on this one.
Split the divs, which has already been done, then the SOTP has to be near £5 a share.
AN IPO is gonna be £500M that has got to value Nutrition at 3 billion. What price Beauty? And what price Igenuity after all the billions already spent?
Add it all together and £5 a share wouldn't be of the table.
RBC has Ingenuity on its own at 4 billion if it hits 500m revenue over 5 years and that forecast was 2 years ago so they still got 3 years to go.
USA shorts have no shame. blatant
Problem is the lady who runs it and takes it all like an "exam question" seems to be in cuckoo land says actually there isn't a problem. She ain't convincing anyone!
Wake up.....rage against the machine!!
Another good start to the week.
Keyword just yet another example of the premiums that can happen. But also a reason I’d like to see the THG SP recover before any ‘events’ otherwise simply far too cheap. Keyword itself was over £32 back in 2021 so one could argue it’s a cheap deal at today’s offer, if dealt that is.
Seems noise around LSE is getting louder by the minute and they’re all the same noises MM has been making for quite some time, but too little too late really. maybe we see the current actions and recovery will quicken up but I remain unconvinced at the LSE, and think London is going to a long forgotten exchange unless the planned changes go much further.
For THG, I can’t see anything other than going over to the U.S. or simply going private. But I’ll not be happy with anything less than £2 really and that’s with a lucky v low average for myself
As always GLA, and patience really is key
Come on, let's be honest here. The IPO price etc., was almost entirely down to a false perception of Ingenuity and subsequent vastly inflated valuation of the division based on the deal with Soft Bank.
In today's market, no way THG would have IPO'd at anything like £5.
However, I do agree that:
1. the company is in much better shape than at IPO;
2. the market has failed to recognise true value here; and (finally);
3. MM and Co haven't done the best job in assisting the market in valuing the company.
DYOR/GLA
THG is in a much better position than when it IPOd at £5 a share and consequently rose to over £8.
If the business is in better shape and heading for cash flow positive guidance in 2024 why is the SP 76p
Is it the company's fault that the market is not reflecting this?
LSE is not the place to grow business hence the £15M spent on separating the divisions to make them USA ready.
MM doesn't dislike the LSE he loathes it. All he has to do is announce that THG is reviewing a possible USA listing for one or all divisions and the SP will double. WHY? Because EVERYONE knows the comp is grossly undervalued.
ROLL ON THE AGM
A reminder of what MM said in his latest LinkedIn:
https://www.linkedin.com/feed/update/urn:li:activity:7190962420062855168/
It’s sooo easy, with no fear of action from the LSE or the onlooking Financial Conduct Authority. But the LSE is now a barren wasteland - a poorly managed, unsafe ”market”. Naturally, investors and companies have taken flight in record numbers. It's a basic consequence of decades of foul play.
15 years ago, there were 3,305 companies on the LSE. Today the number is half! At the same time, all other global markets have exploded in size.
Year after year, investors have demanded their cash back from UK fund managers, tired of being subjected to UK market abuse. These record withdrawals force fund managers to sell most LSE companies, only able to hold those paying dividends.
Companies re-investing profits instead of paying dividends are now tricky investments for most UK fund managers, who need dividend cash to help fund the investor exodus.
The impact is stark. Last week, Google, Meta and Microsoft confirmed that in 2024 alone they will invest a combined $140bn in Tech/AI, while Nasdaq companies as a whole will invest up to c$1 trillion!
By contrast, all the LSE’s remaining Tech businesses together will likely invest no more than $5bn in 2024, of which THG is c$125m.
Enough said.
The feeding frenzy continues..
https://shorttracker.co.uk/company/GB00BBQ38507/
MARKETS
UK stocks are outperforming the U.S.
https://www.cnbc.com/2024/05/20/uk-stocks-are-outperforming-the-us-and-one-cio-says-they-look-very-cheap.html
And we've just hit the £1bn mark again
Fair value for THG's whole business including My Protein should be in the region of £5 to 6 billion one assumes if Applied Nutrition is going to IPO circa £500 million plus. Statistics show THG's entire business is turning over more than 20x that of AP, so a value of £5 to 6 billion for THG is very conservative to say the least considering the £billions that have been poured into R&D alone. JMO Adyor
@osg, do I believe the share price is massively undervalued. Yes I do. There is the investment opportunity. I believe it will correct, and suspect it will be this calendar year. How long will I give it, as long as it takes unless my view on the business changes.
I don’t buy into the narrative that MM and the Board are muppets, and don’t second guess every decision on limited information. Happy to be aligned with the long term II’s who have a lot more money at stake than me.
We like the stock.
You can't buy THG at 75p anymore the price has gone up to 77p :)
It's about time as it has been a lousy 2024 so far
Gobble gobble
Not sure you’re cut out for it Aph01, this is a big boys game