Member Info for 1pencil

Take 2, first post muddled up paras
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Pretty upbeat passement of China biotech, suggesting state backing amid reforms - big moat for foreign competition.

Its 3 pages long and could be the reason for today's rise.

http://www.chinadaily.com.cn/a/202211/07/WS63685b98a3105ca1f22745dd_1.html

Jean-Christophe Pointeau, president of Pfizer Global Biopharmaceuticals Business China, said China is becoming an important source of innovations for Pfizer and the world.

"We have seen the rapid development of the Chinese domestic innovative biopharma sector in the last few years as an opportunity for multi-national corporations (MNCs).While we compete within our sector, there are also numerous ways in which our capabilities as an MNC are a natural complement to more agile startups in China' biotech sector. So, there will be more and more opportunities for partnerships," he said.

Jean-Christophe Pointeau, president of Pfizer Global Biopharmaceuticals Business China, said China is becoming an important source of innovations for Pfizer and the world.
Pretty upbeat passement of China biotech, suggesting state backing amid reforms - big moat for foreign competition.

Its 3 pages long and could be the reason for today's rise.

http://www.chinadaily.com.cn/a/202211/07/WS63685b98a3105ca1f22745dd_1.html

"We have seen the rapid development of the Chinese domestic innovative biopharma sector in the last few years as an opportunity for multi-national corporations (MNCs).While we compete within our sector, there are also numerous ways in which our capabilities as an MNC are a natural complement to more agile startups in China' biotech sector. So, there will be more and more opportunities for partnerships," he said.

The UK quote tends to be a bit more cautious then HK and NASDAQ or at least always seems to be waiting for one or other to open, steady trickle of positive media stories on China opening up.

(courtesy of billionarebob, a d v f n)

Really enjoyed speaking at the Future of Commerce conference, big thanks to the team at THG for hosting.

A few of my takeaways from the event:

?? The key capability to win online is your ability to run rapid experimentation: Jeff Bezos “Experimentation is our strategy”

?? Community-based platforms to explode, the big unlock for brands: how to build a community, or facilitate that, positioning your brand at the center.

?? Brand & Product differentiation are critical components to win online. If you don’t prioritize your DTC store, don’t expect consumers to.

?? "If you don’t go Direct-to-Consumer, somebody else will"

https://www.linkedin.com/feed/update/urn:li:activity:6990617679694811137/

HK closed at 15.22= 1.70p ?

COP 27 starts today which could be a real spring board for companies to act, its also the first time USA has decided to back proposed initiatives, up until now they have been opposed - this 180 U turn only happened in the last couple of weeks.

As of Jun 6 THG more trees have planted over 1 MILLION trees & have over 82,000 users on our platform!

Members get to display this dashboard on their web site (pretty sure not an Ingenuity customer )

https://www.walters-property.com/more-trees/

..or

https://longhurst.co.uk/moretrees/

Oke, this is my somewhat belated reply to your response last week, apologies

Its just another (in case we don't have enough already) example of how detached from the market THG has become, Glanbia is a good read across with many areas of overlap product wise, also closer to home (Ireland).

Commentary around ESG now becoming standard in many company releases, this is part of their headline bullet points of a quarterly update.

· Revised ESG ambition for a 50% reduction in Scope 1 and 2 carbon emissions by 2030 (previously a 31% reduction);

I view ESG as being a major catalyst for Ingenuity over the next 12-24 months, companies which have not already planned and invested in meeting future ESG targets will have very few options but to outsource part of their operations.

Companies can opt in to Plant a Tree promotions helping meet carbon neutral targets, owned and operated service by THG eco https://moretrees.eco/

..or benefit from plastic recycling with Preston Plastics, Three Counties Recycling, both THG eco owned https://www.prestonplastics.co.uk/

None of this activity (or investment) is yet recognised, not to mention the foresight of management well before it became a necessity.

China is now the second largest pharmaceutical market in the world and has been making efforts, including increasing patient needs and expanding healthcare infrastructure and regulatory and reimbursement reforms, that open the door for innovative medicines to reach more patients who urgently need them, Chen added.

http://www.chinadaily.com.cn/a/202211/05/WS6365dfdea3105ca1f2274380.html

https://it.speedo.com/

lol 2phevs, it was driving me nuts after seeing that Crest figure, that sounds like a quote from old Sherlock himself?

LD, absolutely 100% - quoted a guesstimate on percentage ranges but it could be anything.

I appreciate it sounds totally at odds to regular investing and it is, however for short term volatility with virtually no risk it's not a bad solution, it's also a great way to build a long position (mentioned earlier by Oke) at the absolute best price again with little to no risk.

It would be tempting to say all the shorts we see on Short tracker have longs below the 5% threshold but that would be taking things too far imo, what we can say is there is a strong likely hood of a balancing long of some percentage.

The penny finally dropped on how all of this pieces together and why we don't see any drops in Crest when major holders sell such as Softbank.

Okay, we know for sure hedgies and other market participants have both long and short positions, based on various releases the percentage split is likely to be in the range of 70 - 90% long offset with a 30 - 10% short varying depending on economic news flow.

The obvious (now lol) answer is they are borrowing their own stock, we saw this first hand with Blackrock following the bid when they unwound a large short, if its with themselves there is no market buying, no squeeze just a trade most likely via auction.

The above scenario would be articulated as a synthetic short as it doesn't really exist as both buyer and seller is the same party.

Whilst this is somewhat of a mind ****** it makes perfect sense and logically the only answer in practical terms.

The only two holders left outside of directors with enough stock for block lending would be Sofina and Balderton.

Is it worth emailing to ask the 9% question or is it none of our business?

That 9% just got a whole lot more expensive to borrow, not sure of overnight rates but this move will skew risk reward profile.

Mando, it's a little while since I checked but most well known brokers don't lend client stock mainly for fear of not getting it back again, this can and has been a real problem.

The only way to be 100% sure is to request a share certificate, this takes it out of the Crest electronic settlement system making it unborrowable.

The trend has grown for institutions/funds to work their own orders directly or via a prop traders, in order to do this it requires a certain amount of stock to be borrowed, yep, I know that sounds crazy but you cannot just go onto the book lifting the offer or raising the bid - price would run away in minutes as others caught on to what is going on.

Take a look at Citadel who are currently short both Boo Hoo and THG, however on Boo Hoo Citadel recently issued a TR1 as went over 5% long threshold.

https://www.investegate.co.uk/boohoo-group-plc--boo-/rns/notification-of-major-holdings/202209160700056819Z/

03 November 2022 - Glanbia plc, the global nutrition group ("Glanbia", the 'Group', the 'Company' or the 'plc'), is issuing this Interim Management Statement for the nine month period ended
1 October 2022 ("YTD third quarter" or "YTD Q3 2022").

Highlights YTD Q3 2022

· Revenues up 23.1% on a constant currency basis (up 36.8% on a reported basis)

o Pricing +20.9%, volume +0.8%, acquisitions +1.4%

· Glanbia Performance Nutrition ("GPN") branded like-for-like revenue growth of 14.4%

o Pricing +15.6%, volume -1.2%

o Strong ON brand trends continue; YTD Q3 2022 like-for-like global revenue growth +22.6%; 12 week North America consumption growth +32.9%3

· Nutritional Solutions ("NS") like-for-like revenue growth 14.5%

o Pricing +17.7%, volume -3.2%

o Volume decline largely timing related in dairy ingredients

· Revised ESG ambition for a 50% reduction in Scope 1 and 2 carbon emissions by 2030 (previously a 31% reduction); and

· Updating full year guidance to 10% to 13% growth in adjusted EPS constant currency (updated to 26% to 29% growth in reported currency4).

https://www.londonstockexchange.com/news-article/GLB/glanbia-3rd-quarter-interim-management-statement/15699861

Absolutely Oke, first reaction when seeing a rise in Crest is to assume its bad news but this is only half the story, often trade desks need to borrow stock to increase long positions.

Interesting times ahead!

October was both the worst and best month for THG in terms of share price low v recovery.

May have to wait until next month to see the full effect across an entire month, it does however raise the question of who is lending stock post Softbank disposal?

NASDAQ down over 3% Hutch closed in the green?

Dg, 100% agree, guaranteed if we had closed up 10 p you wouldn't see such bitter and mean posts, btw, not on Telegram so unable to answer.

Oke, sounded like the famous (or infamous) quote by Nick Leeson .. ?

Crest Loan Data

just in case there are any new holders unfamiliar with the below, it's only the stock ear ear marked through Crest, no direct correlation to actual short sold stock that I am aware of.