Member Info for 1pencil

Not much out there other than hedge fund info, also chunky holding in https://www.dianomi.com/

https://www.investegate.co.uk/dianomi-plc--dnm-/rns/holding-s--in-company/202303141600019589S/

There's more signals King Cross station : ))

It has to be worth institutions/funds taking a position on take out value alone, so undervalued - huge pipeline, Astra comments targeting HCM's sector and location, Shanghai manufacturing plant for localised production, the list goes on..

The comments came as he said Astra ‘definitely could make acquisitions’ in China, a country where it has signed several licensing partnerships.

https://www.thisismoney.co.uk/money/markets/article-12021691/Very-unattractive-Britain-leaves-drugmaker-AstraZeneca-eyeing-China-big-growth-region.html

o PWC: A joint, fully managed ecommerce proposition whereby Ingenuity brings the ecommerce platform and operational capabilities whilst PWC brings market-leading transformation consulting expertise to design and deliver the customer experience with a focus on retail and consumer.

From Aug 21

In conversation with Herculano Rodrigues of THG Ingenuity

https://www.pwc.co.uk/issues/business-in-focus/podcast/in-conversation-with-herculano-rodrigues-of-thg-ingenuity.html

It would have been better to suspend trading straight away rather than give notice.

That's always been my position SB, solid core of over 50% making the Golden Share effectively redundant.

That reduction for MW is from yesterday when the price went down..

Awaiting possible submission (unconfirmed)

Capital Research & Management Co (World Investors) ……………………… 2.58%
Capital Research & Management Co (Global Investors) ……………………… 2.32%
Candy Ventures SARL ……………………… 0.08%
T. ROWE PRICE ……………………… 3.20%
Richard Griffiths ……………………… 1.64%
GIC Private Limited ……………………… 1.54%
Other Director holdings ………………………
Sparta ………………………

Total 11.36%

We have crossed the 50% line today, again it seems a positive sign that talks maybe continuing.

Day 8

Long positions, previous notified holdings in (brackets)

Ophorst Van Marwijk Kooy Asset Management (1.94%) ……………………… 1.93%

Balderton Capital (UK) LLP ……………………… 7.46%

BlackRock, Inc (1.23%) ……………………… 1.22%

The Vanguard Group, Inc. ……………………… 2.62%

Sofina Capital S.A ……………………… 8.89%

Kelso ……………………… 0.60%

Brian George Kennedy ……………………… 2.86%

Norges Bank (1.72%) ……………………… 1.73%

West Coast Capital (1.41%) ……………………… 2.03%

Qatar Investment Authority ……………………… 7.32%

Matthew Moulding/Close relative of Matthew Moulding ……………………… 15.80%

Total ……………………… 52.46%

The irony is HCM has never been in better financial shape, China by all accounts booming (or about to) with overseas investment buoyant.

It may take time but the 'usual' catalysts for traders to drive it down are diminishing imo.

Renewed interest on my part post change of CEO, dipped foot in..

I remember Scobie Dickinson Ward from a while back, any further background info?

Thanks, wondered if there was anything else other than the Times?

The piece seems pretty unequivocal but no ref to % holding (their spelling is worse than mine)

"An activist hedge fund, founded by a former executive of the fearsome US firm Elliott Advisors, has taken a stake in THG, leaving the troubled online retailer contending with two activists on its sharebolder register"

Not much happening with Rule 8 notifications today, couple of odd bits of interest;

iShares is owned by Blackrock so I suspect the daily movement we see on both Blackrock and Vanguard is simply the tracking element up/down, as such will leave as is.

Total notifications to date 36.66%

Barclays were a net sellers yesterday offloading over 1m shares, possibly contributed to the drop ?

Short side continue to reduce with no impact on share price.

Pearls, you mention 'small free float', I would estimate this to be somewhere around 45-50% mark, we will know more this week.

moody, see my reply to dg yesterday

Does anyone have the media articles relating to Sparta handy?

..all to play for

Oke, that's a tough one, IG has some retail data but hard to give an exact figure.

Presumably Marshall Wace dropping below 1% means no Rule 8 notification required ?

Dg, because you only see half the story which was the purpose of my post this morning, I posted the short sales which is how investors would see it on Short Tracker .

Lets say you have two broker accounts, one with HL and the other with Barclays - you buy .75% through Barclays going long, you then arrange to borrow .51% through HL from your Barclays position, when the time comes to close you simply reverse this trade with no impact on the share price.

The media relishes stories with '10% short' headlines, in reality the figure for un-hedged positions is likely to be close to zero.

Here's another one, this time holding slightly more 4,087,895.00

iShares Core MSCI EAFE ETF

https://www.ishares.com/us/products/244049/ishares-core-msci-eafe-etf

This is one of the tracker funds which currently hold 3,290,415.00 THG shares, again not huge but there are quite a few of these iShare ETF's popping up on various ownership sites.

iShares MSCI EAFE Small-Cap ETF

iShares have THG under 'Consumer Discretionary' rather than LSE sector of tech, this could mean its bought and sold on the basis of inflation data both here and across the pond..

https://www.ishares.com/us/products/239627/ishares-msci-eafe-smallcap-etf

Day 6, not much happening with notifications today, left as is with moves too small for change.

Morningstar has updated in the last day or so with no mention of T Rowe Price other than a few sales, this is not conclusive as data is pulled from monthly fund fact sheets which can sometimes be a bit hit and miss.

Unless we have more notices closer to 5% (Capital Research & Management Co is a contender) it suggests long term ownerships to be around 50-55%% - if you add back n Jupiter and Chrysalis not far off last years tally but still quite low.

What to draw from this; new institutional ownership is low (very low) which in part could be down to the Standard listing or possibly just retail sector having a hard time, either way there is a lot of shares being held sub 1% (assuming we don't get a deluge of notices). We really need some UK fund managers onboard, at the moment THG doesn't have a single UK fund on their books.

US Trackers account for some of the sub 1% category which coupled with low institutional ownership can lead to higher volatility.

Encouraged to see nothing yet from Apollo, hopeful this points towards something more concrete emerging otherwise why delay matters ?

..all to play for

: )

"The Citigroup RNS from where you got the data 1pencil is also showing a purchase of 4375,212 shares."

0.5p ordinary TRS Opening Short Position 4,922 0.9757
---------------------- ---------------------------- ------------- -----------
0.5p ordinary TRS Opening Short Position 24,729 0.9626
---------------------- ---------------------------- ------------- -----------
0.5p ordinary TRS Opening Short Position 13,693 0.9527
---------------------- ---------------------------- ------------- -----------
0.5p ordinary TRS Opening Short Position 20,607 0.9747
---------------------- ---------------------------- ------------- -----------
0.5p ordinary TRS Opening Short Position 34,198 0.9622
---------------------- ---------------------------- ------------- -----------
0.5p ordinary TRS Opening Short Position 619,870 0.9697
---------------------- ---------------------------- ------------- -----------
0.5p ordinary TRS Opening Short Position 594,261 0.9535
---------------------- ---------------------------- ------------- -----------
0.5p ordinary TRS Opening Short Position 51,391 0.9494
---------------------- ---------------------------- ------------- -----------
0.5p ordinary TRS Opening Short Position 775,804 0.9650
---------------------- ---------------------------- ------------- -----------
0.5p ordinary TRS Opening Short Position 154,410 0.9522
---------------------- ---------------------------- ------------- -----------
0.5p ordinary TRS Opening Short Position 357,524 0.9667
---------------------- ---------------------------- ------------- -----------
0.5p ordinary TRS Opening Short Position 30,841 0.9593
---------------------- ---------------------------- ------------- -----------
0.5p ordinary TRS Opening Short Position 19,522 0.9496
---------------------- ---------------------------- ------------- -----------
0.5p ordinary TRS Opening Short Position 41,479 0.9738
---------------------- ---------------------------- ------------- -----------
0.5p ordinary TRS Opening Short Position 1,095,723 0.9701