Member Info for 1pencil

N Aim stalwart for decades, Hutchmed (HCM) has often suffered by association, whether it is the generally depressed sentiment around UK biotech or geopolitical tensions catching the company between spheres of influence in the east and the west. Despite its qualities, it has often been overlooked.

Hutchmed is one of the few mid-sized biotechs listed in the UK that can tell a decent story about its balance sheet strength. And its decades of experience in China are now highly relevant as the weight of capital and intellectual property development shifts.

Hutchmed bull points

High net cash and a pipeline priced close to zero

2026 catalysts if trials and filings succeed

ATTC platform adds long-term partnering potential

Nope, the Amazons have full control over who accesses their web site, easiest way is to update the .txt file and prohibit Ai traffic, if a user then overrides this inviting a third party app or plugin it may breach their user agreement in which case they run the risk of account closure.

This is what ebay have done:

> use any robot, spider, scraper, data mining tools, data gathering and extraction tools, or other automated means (including, without limitation buy-for-me agents, LLM-driven bots, or any end-to-end flow that attempts to place orders without human review) to access our Services for any purpose, except with the prior express permission of eBay;

https://www.ebay.com/help/policies/member-behaviour-policies/user-agreement?id=4259

Wasn't it you whining about Co Pilot just yesterday ?

'haha..considering how many people hate windows 11 and co-pilot and the garbage adverts and stuff....and the immense privacy issues around their Agentic AI ... I think they should get moving fast ... look into what TPM 2.0 is "really" doing on your Windows PC'

I don't get some of the analogies either, they are way too abstract for comparison.

For the CEO of Microsoft to take that mind boggling stance something has to be up, a recent interview with Jensen Huang (Nvidia) is also gaining steam, both have similar viewpoint on the general public's criticism of Ai and its CEO's.

Summary of those points above https://youtu.be/gajL7fUfhVU

..or original interview here

Jensen Huang says relentless negativity around AI is hurting society and has "done a lot of damage"

Won't somebody think of the CEOs?

https://www.techspot.com/news/110879-jensen-huang-relentless-ai-negativity-hurting-society-has.html

Between Independent Franchise Partners, LLP 5.8% purchase back in Nov and L1 Capital Pty Ltd 3.24% it gives them a combined holding of 9.04%

Independent Franchise Partners, LLP already has ties with News Corp, article below:

'Rightmove could be under renewed pressure from its own shareholders after an activist investor bought a £250 million stake.

This investment group, which has links to Rupert Murdoch’s News Corp, is now the third largest shareholder in the portal, the Daily Telegraph reports.

Independent Franchise Partners (IFP), which has acquired a 5.8% holding in Rightmove, is already one of the largest independent shareholders in Rupert Murdoch’s News Corp and Fox Corp.

Takeover target

IFP’s link to Murdoch is set to spark speculation that the UK’s number one portal is again a takeover target.

Last year, the portal’s board rejected a series of offers from Australian property portal REA Group, which is owned by News Corp.'

Didn't see a mention on here at the time so could have slipped under the radar..?

https://thenegotiator.co.uk/news/marketing-news/activist-shareholder-move-turns-heat-on-rightmove/

Had a quick look through various databases for any signs of L1 Capital, couldn't see anything so it does indeed look like a recently opened position.

https://www.morningstar.com/stocks/xlon/rmv/ownership

Agree PC, Windows 11 has been poorly received and compounded by the issue you mention, add to this recent web data surrounding ChatGPT and it may explain Microsoft CEO's plea at Davos.

There's a graph on Reddit showing all of the platforms stats (Google 'Web traffic: ChatGPT has fallen')

Ai Summary

'Based on data from Similarweb, web traffic to OpenAI's ChatGPT has experienced a significant decline, dropping by approximately 22% over a six-week period between early December 2025 and early January 2026.

Key findings include:

Traffic Decline: Daily visits to ChatGPT dropped from about 203 million to roughly 158 million.'

Not sure on the browser thing though, both Amazon and eBay are shutting down access to Ai bot driven browsers like Perplexity, only API approved interactions to be allowed.

It doesn't take much for the behemoths to make a few changes like the one above to render a business model virtually redundant overnight.

A few questions arise, would REA have an ally at the table should they come back ?

Will L1 Capital continue to increase ?

Gives the media something to speculate on..

I wonder what SMS makes of this being at Davos, really sounds nuts.. (link to the full article in video description)

Microsoft CEO warns that we must 'do something useful' with AI or they'll lose 'social permission' to burn electricity on it

https://youtu.be/T3xu4ritjbg

Interesting holdings RNS from L1 Capital Pty Ltd based in Australia.

REA Group also based in Australia are now passed the timeline to table another bid if they so wish..

Iceland Myprotein & Slimming World Meals

Iceland's latest frozen launches are designed to make smaller portions work harder.

By rolling out its biggest-ever Myprotein range alongside new Slimming World offerings, the supermarket claims it can help GLP-1 users get the fuel they need, by supporting muscle maintenance, reducing fatigue and plugging common nutritional shortfalls.

The expanded range features high-protein meals and snacks, spanning ready-to-cook dinners, grab-and-go breakfasts such as omelettes, protein-rich sides and even indulgent ice creams.

https://www.dailymail.co.uk/health/article-15483795

There's a lot to go at..

https://www.instagram.com/proteinbymars/reels/

There is the possibility long term trends in Japan could change, the Yen being one of them.

Inflation is rising along with interest rates which have historically been at zero since wait for it..1999 ..the idea being to combat deflation.

https://www.tradingview.com/symbols/ECONOMICS-JPINTR/?timeframe=ALL

The election in early feb is important as the current party lack a majority which hinder decision making

We wait and see..in the meantime the counter balance in part, is the Euro which thankfully has strengthened recently..

https://www.xe.com/currencycharts/?from=EUR&to=GBP

I've had ImmunityBio, Inc. (IBRX) on my watch list, plenty of interest still in this sector..

On another note, China's CSI 300 Index (000300.SS) gaining attention due to recent highs.

1) ’Disillusionment: beauty is in the AI of the beholder:’ While generative AI remains transformative in principle, the gap between promise and real-world impact is becoming more visible as pilots move into production, analysts said.

Enterprise users are increasingly confronting limits around accuracy, the difficulty of deploying AI in messy, unpredictable environments and the fact that it is often not yet cheaper than human labour.

https://www.investing.com/news/stock-market-news/why-deutsche-bank-says-the-ai-honeymoon-is-over-4455029

You need to be realistic of whats achievable rather than this daily mantra of Matt this, Matt that..

We have the possibility of an election in Japan which by some accounts is supposed to shake things up a bit, inflation in Japan is virtually unheard of until very recently.

BoE good chance of easing at next meet, see how the global circus plays out..

Good call Josh on the Mars deal..!

If you focus on what you can do, what you cannot do will diminish in size. As THG CEO Matthew Moulding recently stated, “we can’t control commodities or currencies.” After more than a decade of marketplace stability, MyProtein faced a “Great Shutdown” era spike in whey input costs and the Japanese Yen collapse (impacting its second largest market). And these two external factors almost entirely wiped-out profitability delivered by MyProtein in 2019 (which would be the last annual results prior to THG IPO’ing in September 2020).

https://youtu.be/PFJuc0d-Ib0

Here's my cents worth in relation to S4, as the video highlights its the devs who have far more experience first hand with Ai, given monks has developed monks.flow in-house they must also know first hand of the inerrant limitations?

I am of the opinion we are now starting to see a reversal in expectations, maybe not a 180 but a 'reset' as mentioned in the recent SMS interview on billing.

We might get some clues with TU soon..

That's a biggie, one of the most outspoken pioneers of Ai often highlighted for their outspoken approach to firing people has admitted it was a mistake.

Maybe folks missed this as it came out over the holiday period, note how quickly he changed within three months.

'Salesforce Admits they were Wrong'

https://youtu.be/TbIPUVkImGE