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I think its generally accepted the price is being pushed around for the benefit of those that can.

This is what happens when you take back control not only of the media but with an active share repurchase programme.

https://finance.yahoo.com/quote/FRAS.L/

Not overly familiar with the company but you do have to consider why its not in the same boat as say Boo or Asos, they are all in the same sector of GENERAL RETAILERS .

Part of the problem is with how other investors (most notably US trackers) perceive THG, at the moment we are firmly in the retail only camp alongside ASC and others, pull up a six month chart on Yahoo of THG with ASC overlay, almost identical including the big post bid drop.

Applying the same criteria except with Ocado shows a different pattern altogether, I therefore conclude understanding/perception must be different along with sector weightings.

Its odd and must be down to individual fund managers allocating what how to be tracked against what index, this is despite THG being listed in SOFTWARE & COMPUTER SERVICES.

They may not need to do a buy back if UK tracker funds can invest, it may stabilise the price once inflationary pressures subside.

Dropped way down the FTSE rankings now at 309/10 but still ahead of Asos.

http://www.stockchallenge.co.uk/ftse.php

We could also see further director buying post results when we clear the closed period, also corporate activity around Beauty could help if they attract a US partner.

Agree on the distraction and possible collateral damage a low share price can have especially when negotiating above.

Sterling continues to weaken against the pound, share price at ...well.. it is where it is.

US private equity much have THG in their sights, break it up and list Beauty money back with one division at least on paper.

But of course you can't actually buy THG for 50 peas in a pod, realistically the figure would have to much higher to convince seed capital investors to let go.

Results soon, proposed move up to Premium listing is scheduled for 2022.

https://www.cnbc.com/2022/09/05/what-to-watch-next-in-the-us-china-adr-audit-dispute.html

The scale of these losses is quite staggering, it may have also created some fear around growth stocks in general.

"Baillie Gifford’s funds together lost £100billion in value in the six months to June, according to Bloomberg. "

https://www.dailymail.co.uk/money/markets/article-11157631/Is-time-small-savers-bail-Scottish-Mortgage.html

Some of the funds managers characteristics are shared with Jupiter's heads, as is the losses but obviously much smaller.

Already highlighted by other posters with further weakening, good hedge,

https://www.dailymail.co.uk/money/index.html

April 22 results

"Approximately 60% of THG's D2C revenues are not in pounds sterling which drives currency conversion fluctuations in both revenue and EBITDA. As the pound has strengthened in 2021, we have seen an impact in our reported growth of c.290 basis points in the full year."

https://www.investegate.co.uk/thg-plc--thg-/rns/fy21-preliminary-results-and-q12022-trading-update/202204210700068357I/

Jupiter announced announced a reduction in CHRY yesterday, this follows on from Shield the day before. Its possible they have trimmed back THG and other smaller holdings to an acceptable risk profile and are moving on to larger holdings.

https://www.investegate.co.uk/Index.aspx?searchtype=3&words=jup

It seems the shareholders mentioned in each TR! could be the source of redemptions, I say this as the below TR1 was issued by Jupiter because the shareholder moved the account to another fund manager.

"Position has moved below a reportable threshold due to accounts moving to another Investment Manager"

https://www.investegate.co.uk/trufin-plc--tru-/rns/holding-s--in-company/202207010700119237Q/

Some healthy trades yesterday, would be good to see a TR1 for the buy side pop up.

Lululemon Athletica Inc.

on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, as shoppers stocked up on workout gear even as surging prices have hurt other retailers’ apparel sales.

The company also raised its outlook for the year. Shares were up around 8% in after-hours trading.

https://www.cnbc.com/2022/09/01/lululemon-lulu-q2-2022-earnings.html

Does this they have run out of shares to sell in THG and now moved on to Shield?

bailing out of stocks today

https://www.investegate.co.uk/shield-therapeutics--stx-/rns/holding-s--in-company/202209011420059920X/

I noticed most of the TR1's have three institutions mentioned;

Northern Trust
J P Morgan
Citibank

This one only has Northern Trust

Continued downward pressure on Jupiter's unlisted holdings cannot be helping matters, did this add or cause today's further sell off?

Fintech firm Klarna’s losses triple after aggressive U.S. expansion and mass layoffs

https://www.cnbc.com/2022/08/31/klarna-losses-triple-after-aggressive-us-expansion-and-mass-layoffs.html

HH, agreed, the overhang from a distressed seller will certainly pique short side interest.

The house broker should intervene placing the stock with existing holders where possible, something that has disappeared over the years.

What baffles me more than anything is Belerion other suitors, not that long ago making offers company but rejection seems to have quelled all interest, that is somewhat strange ?

Just back from my now daily jaunt to the petrol station, pond should be finished at the weekend just ahead of rain, it went from 'lets put a pond in' to 'major civil engineering project' lol

Boom, if you're reading this, 7 card stud only game in town, no house advantage just a small sitting fee.

Both Ascential and THG closed down 2.2%.

When Woodfords portfolio was taken out of his hands same thing happened, many stocks sold down aggressively in order to liquidate holdings.

Ideally it needs to drop similar to REVB bringing in a hedge fund or similar, not great I know but with a restrictive listing not options are limited.

2phevs/Sp28, perhaps as the overall fund falls in value they have to sell off liquid assets to maintain regulatory safety buffer?

three weeks ago down to 62m and change

Intraday chart identical to THG, same as yesterday - watch both as possible indicator of Jupiter activity.

Jupiter joins us in the penny share club, 99 pea and change

690m GBP market cap. what's that, about the same as dosh raised from Softbank and Sofia all those years ago..lol

If you pull up a candlestick chart for one month, very similar the up/down days look very similar, going with Jupiter.

Boom/London, sorry to see you go, best of luck.

Director buys too

https://finance.yahoo.com/news/having-purchased-uk-1-8m-053454755.html