Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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There's a lively debate on KWS thread (other site) concerning the receipt of multiple offers which were not disclosed, according to one poster there were five before the final release.
Its more common than perhaps investors realise, I found out by accident that one of my companies had received two PE offers without releasing info, this was based on feedback from larger holders.
I think its important to realise THG isn't alone in this low valuation market, interestingly HCM has just issued a note similar to the Peel Hunt/THG approach.
Big news tomorrow 💩
All these trackers buying shares !
Was thinking the same thing Novice. Opened him/herself up further.
Looks like he hasn't taken kindly to being accused of being affiliated with Kelso. Hmmmm.
Looks like onsolid has had my post deleted also. What a weapon
Of course he holds shares, as if he’d be so frustrated by the CEO here performing own goal after own goal. The guy is like a PR hand grenade
I don’t actually believe you partially sold your THG holding, I actually think you don’t own any stock at all. My opinion. We mostly all want change and know what the issues are but your spamming is worse than the Dubai mob because at least their posts aren’t like essays repeating the same stuff.
You probably sold out in mid 60s and you’re in a panic as the THG ship slowly departs from the port.
Or here is another one The Hermit,
https://www.thebusinessdesk.com/northwest/news/2134440-moulding-angers-thg-investors-with-dogs-jibe
There are also many stories also now appearing on the OMVK statement, particularly in the retail press.
dyor
Raspberry Pi is doing okay this morning, amazing little tech company.
FTSE down 1% we are holding our own (insert thumb emoji)
Why are we still banging the drum about dogs? Let's move on guys....
Crafty if you read the full paragraph including the "my dogs got more" comment it doesn't look like Nutrition / MyProtein will be going across the pond any time soon so please stop ramping it. It is embarassing.
He dismisses the idea in that paragraph. Read it.
Furthermore he also points out that he barely ever travels to London so what chance New York. All understandably so.
The same profile article also seems to be highlighting that he doesn't have enough present wealth to take it private due to the poor share price performance since IPO.
That is how I read it.
If Labour wins, which they should, their core membership will not be happy with Shein's listing on LSE.
And if it does list then watch the shorts hammer it, using poor working conditions and child labour claims as their amo.
https://www.theguardian.com/business/article/2024/jun/09/stop-shein-listing-on-the-ftse-workers-rights-campaigners-urge
Workers rights campaigners have called for the UK’s next government to oppose the online fashion business Shein joining the FTSE, arguing that a London listing would be “yet another betrayal to working people everywhere and the planet”.
Alena Ivanova, campaigns lead at Labour Behind the Label, said it had heard the news of senior British politicians courting Shein’s £50bn listing “with dismay” given what she claimed was a lack of transparency about its supply chain and ethical concerns.
She highlighted: an investigation last month by Switzerland-based non-profit group Public Eye, which found that workers producing garments for Shein routinely work more than 70-hour weeks; exposés alleging forced labour in the Uyghur region of China; and the company’s “cavalier approach to design appropriation”, which has led to a string oflawsuits relating to allegedly copied garments.
A view of a Shein pop-up store at a mall in Singapore April 4, 2024
Senior UK politicians call for greater scrutiny of potential Shein IPO
Read more
Mathias Bolton, head of commerce at UNI Global Union, which represents service industries around the world, said: “Shein shouldn’t be rewarded with the credibility of being listed in the City, or anywhere else, given the lack of transparency in their supply chain and shocking reports of severe labour violations.”
The company, which operates largely from China, where it was founded, but is headquartered in Singapore, is rumoured to be planning to release documents outlining plans to list on the London Stock Exchange imminently.
All 3 THG Divisions are USA Ready - Cmon Matty get the deals done :)
These LSE blues
Aren't melting away
Let's make a brand new start of it
In old New York
If we can make it there, we will make it anywhere
It's up to you, New York, New York
----------
Ashtead: FTSE 100 giant’s potential New York switch raises more questions for London
https://www.cityam.com/ashtead-potential-new-york-switch-for-ftse-100-giant-raises-more-questions-for-london/
Analysts have warned that FTSE 100 giant Ashtead’s potential switch to New York’s stock market could strip London of one of its best-performing names, once again raising questions over its status as a trading venue for US-focused firms.
The firm, which rents heavy machinery to the construction industry, is understood to have instructed City advisers to examine the possible benefits of moving its listing to the US.
Ashtead is the 25th-biggest stock on the blue-chip index with a market capitalisation of £24.7bn.
It is just one of eighteen FTSE 100 firms that has grown its dividend every year for the last decade, while it ranks in fourth place for capital returns over the same period, said AJ Bell investment director Russ Mould. Its shares are up more than 500 per cent over the last 10 years.
The London Stock Exchange (LSE) has been battered by a slew of big firms ditching their listings in the capital for better returns overseas.
In recent years, names that have switched to New York include gambling giant Flutter, building materials supplier CRH and plumbing group Ferguson – all with large North American businesses.
New York often attracts firms through lofty valuations and a deeper pool of capital. However, Mould noted that Ashtead actually trades at a higher valuation than its closest US-listed peer, United Rentals.
“This is also encouraging for those investors who will stick with Ashtead should it make the switch,” he said. “Management presumably feels the change is appropriate for good, sound business reasons, not just because they feel the share price is too low.”
Here’s another definition for you OSG. In this case MM was noting the *dissimilarity* between Kelso and his dogs re: number of shares held. Sure it was disparaging but who cares, anyone that thinks they can buy a few shares (less than 0.5%) and then be entitled to make a big noise needs to have a sit down and think.
Dictionary
Definitions from Oxford Languages · Learn more
compare
verb
past tense: compared; past participle: compared
1.
estimate, measure, or note the similarity or dissimilarity between.
OSG get over yourself and post all that carp on the Kelso Board seeing as you are their defacto spokesperson!
Here's your evidence TheHermit its on the Kelso Linkedin page.
"The Board of Kelso noted the profile article in the Saturday Times Magazine on the THG CEO (read article below). In it, he compared small minority shareholders to his dogs:
‘Activist investors have suggested that he sell off the nutrition arm of the business. He is dismissive of the suggestion from the small group of investors. “My dogs have got more shares and you’ve met them.”’
We would encourage shareholders to read the article.
Assuming Kelso is the activist being referred to, we have always stated THG should look to demerge the three businesses and sell off majority or minority portions of each ideally to strategic investors, as mentioned in our RNS from December 2023: https://lnkd.in/e7cxxiga
The Board of Kelso has concluded change is needed at THG and will be voting against the Chairman at the upcoming THG AGM on 24th June 2024."
You did ask.
Good video on THG Fulfil remember ROI for Fulfill was just 12 months
https://www.linkedin.com/posts/thg-fulfil_fulfilbythg-fulfilment-operations-activity-7205854972716986368-vCgt?utm_source=share&utm_medium=member_desktop
Wynand is our Group Operations Director here at THG Fulfil, the fulfilment and courier management solution from THG Ingenuity.
He’s one of our many heroes who makes our operations truly world-class, helping us deliver fulfilment that genuinely improves customer retention.
Let Wynand show you what we do at THG Fulfil here 👇
https://lnkd.in/eKZbFZ2G
When have labour ever in their history of being in power ever run a good economy. They are full of union types who don't have the slightest clue and raynor has zero eduction nor experiencence of economics or money. She couldnt even succeed in her high school education yer she sees herself fit to be number 2 in UK!
Renember their laughing leaving joke last time...they thought it hilarious they had soent all the money.
Not saying cons are any better at miment with these squabbling imposters in control.
There is zero choice for us other that to vote for the lesser of a load of garbage useless unskilled clowns
Well if we can get many multiples of the current SP then the shorts are playing a losing game at the price. I see the percentage of shorts is steadily decreasing as they try to close their positions on the quiet, any small increasesare just a distraction from the general reductions. Interest rates are falling, inflation near normal levels, the energy crisis seems to have been managed by international energy partners much to the annoyance of Putin's Russia, Putin well and truly lost that gamble of bringing the Western partners to their knees, albeit he caused a couple of years of economic chaos. The world has financially moved on from Russian energy shock and hopefully getting back to normal although the war in Ukraine will unfortunately persist for a few more years until the Russian economy collapses under the strain of 8% on Military spending.
The G7 and other countries supporting Ukraine have and GDP 100x that of Russia so they will prevail in the end. Getting back to THG, everything apart from MM's erratic behaviour seems to be travelling in the right direction. The new Labour Government might actually benefit the economy as the Tories have really screwed up this time. 😳 JMO Adyor!
Yes we are past the 30 days and he would have known bidding for body shop (if they are) but as not guaranteed to win assume it’s not inside info. Also someone here a while back mentioned he had been told something about beauty that wouldn’t be immediate - but was scored about it (and it wasn’t citycpy) Let’s see
Just like the others onsolidground, we see you. Just belt up & move on
Please can you provide evidence of things being “spoiled?” No mention of the dogs comment in that daily mail article. You seem fixated on it. OMVK mentioned as voting for chairman at AGM.
Anyone would think you wanted the SP to go lower. Hmm, I wonder why!?
Well if the profile piece was meant to be the big news on the run up to the AGM then it appears to have been spoiled by the "my dogs got more than them and you've met them comment" and also by OMVK's announcement yesterday.
https://www.thisismoney.co.uk/money/markets/article-13514495/MARKET-REPORT-Pressure-grows-Hut-Group-axe-chairman.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.200189294.1526853017.1717233929-725708652.1715810977&_gl=1*arojw8*_ga*NzI1NzA4NjUyLjE3MTU4MTA5Nzc.*_ga_C9F47K6NW6*MTcxODA4NjYzMS4yMy4xLjE3MTgwODY2NDIuNDkuMC4xOTQzODA3MDg4*_ga_GQE6MT7DLZ*MTcxODA4NjYzMS4xMDcuMS4xNzE4MDg2NjQyLjAuMC4w
Pride comes before a fall. The Times interview appears to conclude that his personal ambitions come before shareholder's interests. If he truly believes the company is worth many multiples of its current valuation should he and the Chairman step aside, then that surely means they are not doing a role in the best interests of all shareholders? JMO Adyor!