Member Info for 1pencil

We should get some sort of an update from FCA on listing regime changes, if ratified we could see THG apply top move up shortly afterwards.

https://www.fca.org.uk/news/press-releases/fca-planning-reform-listing-regime-boost-growth-and-competitiveness

Okehurst, the fact is you cannot back up your claims .

It would highly irregular for brokers notes to be circulating with information not otherwise in the public domain.

You have a history of posting questionable statements which is why I am asking, remember this one;

"Still no RNS on the £1B whale landing"

I need the institution that published the note Oke, suggesting I contact 'big II’s' is too vague.

If its Citi please confirm their exact comments.

This doesn't sound accurate to me Oke, what exactly are they spending £100m on within the 'SaaS' category?

I'll get a copy of the note, please confirm which firm published.

"It’s all on SaaS for the Whales"

Where do THG state this, please provide a link/quote.

For reference this is from last TU
--------
THG Ingenuity: Ingenuity Commerce provides an end-to-end direct to consumer e-commerce solution for consumer brand owners under 'Software as a Service' (SaaS) licences. The wider Ingenuity division provides stand-alone digital services, including hosting, studio content, translation services and beauty product development and manufacturing.

Oke, where have THG stated this ?

"Saying don’t punt £100M a year on SaaS"

"£108.0m of investments were realised over the period. Chrysalis fully divested two assets, Embark Group and THG. Embark realised net proceeds of £57m for a cash-on-cash return of 2.1x"

https://www.londonstockexchange.com/news-article/CHRY/annual-results/15816681

http://www.chinadaily.com.cn/a/202302/03/WS63dc5f5da31057c47ebacae9.html

At a guess, I would suggest these small purchases and sales reflect the overall volatility in the market, perhaps they are tracker funds buying and selling accordingly with the market?

The two to watch out for are Sanford and Liontrust as generally considered high quality with a conservative approach.

Yes, just a whiff takes you back, that and model aeroplane fuel.. :))

Jobs report came in well over, lowest since 1969 but so far HCM holding up well ..

Quality spot there Hosai

Remember Richard Penny from his days at L & G, good egg and well connected through the fund industry. CRUX looks ideal for THG as able to hold Standard Listed stocks.

-------------------------

While scanning linked in coz i was bored also saw this comment from John Goold a week ago on someone else's post -
"Well done Richard, huge value in pockets of the UK at the minute - perfect entry timing"

https://www.linkedin.com/feed/update/urn:li:activity:7024628292469039104/

BSA Bantam, lovely note to that single pot ticking over, pretty sure it was 175cc two stroke ..

Cheers for the link davey, will take a look over w/end.

Eye watering numbers:

o The top 100 largest foreign firms in China generated revenues of US$1 trillion last year and employed three million people, according to Hurun

https://www.scmp.com/business/companies/article/3204088/foxconn-volkswagen-and-apple-top-list-largest-foreign-firms-operating-china-hurun

Investors are generally focused on larger contracts (GMV) emanating from UK/EU/USA and whilst that's valid, it might be worth at least considering looking to the Far East

Who would have thought Ocado would have pulled a rabbit out of the hat with South Korea partnership.

MyProtein is already featured on JD.com (although this maybe HK aligned, not 100% sure)

https://mall.jd.hk/index-10028865.html

Every luxury brand is present/targeting China for future growth, lots (and lots) of disposable income without the cost of living issues experienced here in Europe/UK/USA

LVMH cautiously optimistic on China, https://www.bbc.com/news/business-64408724

www.lookfantastic.cn
www.myprotein.cn
www.zavvi.cn
www.myvitamins.cn
cn.growgorgeous.com

I would guess at at least some of the aforementioned GMV is down to :-

o US warehouse automation live in Q1 2023;

btw, is anyone keeping a mince pie on China opening up again, good macro there with low rates and inflation.

NASDAQ now going gang busters, HCM 4.5% to the better - over to HK.

Yup, its the average across a month of shares marked out for loan, although it doesn't necessarily translate into stock being sold short.

Lot of reasons for borrowing stock, one of the most common being swaps contracts which seem to be prevalent these days.

Nov is missing due to a glitch with Euroclear.

Please read in conjunction with other posts on Euroclear stock loan data - average across the month

10.52% Jan-23
10.60% Dec-22
9.19% Oct-22
7.49% Sep-22
7.47% Aug-22
6.98% Jul-22
6.42% Jun-22
6.80% May-22
6.76% Apr-22
6.94% Mar-22
7.61% Feb-22
8.39% Jan-22

8.72% Dec-21
7.85% Nov-21
6.19% Oct-21
6.54% Sep-21
2.71% Aug-21
1.92% Jul-21

Totally agree Canary, many posts (mostly Oke, lol) ignore fundamental company law and how it operates, it also makes their (Kelso) investment all the more interesting.

Glad to see no management buys which may have scuppered any positive news popping up.