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I suspect some of this is oversupply now feeding into the market, once these trends start in either direction it becomes very difficult to reverse due to forward planning. Crop types for coming year would have been planned ahead as early as December when whey prices were 'whey' higher..

it should help margins straight away as many know THG buy in the spot market.

Sorry if already posted but this is worth mentioning again due to the sizable weekly moves, over 7%

https://www.clal.it/en/index.php?section=siero_olanda

Any of THG's competitors buying six months or more in advance will now be at a major price disadvantage, its dropped 16% in the last two weeks alone!

I would like to add my thanks to Matt and the foundation for its continued generosity, thank you !

Nothing new but some general commentary for reflection:

"as articulated in the rationale for our December 2021 fund raise - where we invested approximately £43 million. The largest part of this was the acquisition of further shares in Smart Pension (approximately £15 million), following very strong progress since our initial investment, with a similar amount invested in THG - the bulk of which was undertaken at a price of 195p."

"THG's monetisation of its Ingenuity platform has been a central part of our investment thesis, and considerable progress has been made from a standing start a few years ago. Ingenuity Commerce revenues increased +135% year- on-year through FY21 to £45.4 million, with FY22 revenue guidance increased from £90 million to approximately £110 million in the Q3 2021 trading update. A record number of customers were signed in H2 2021 and the Ingenuity operational infrastructure and technology platform is now powering an expansive list of global brands across a range of sectors, and the number of third-party websites on the platform more than doubled during over 2021.

Ingenuity ecommerce revenue development 2018-2022E"

https://www.londonstockexchange.com/news-article/CHRY/interim-results/15518489

The giant global crypto Ponzi scheme is unwinding, Three Arrows hedge fund gone under, key players defaulting on large margins calls.

At best its not going to help sentiment , depends on how many regular financial institutions are connected in some way, for example Scottish Mortgage in the UK, not huge beans but still.

Sorry, its 12 months, this area is quite complex so only a guide, often there's another rule which overrides the first.

''Requirement for particular forms of consideration: If any shares are acquired during the offer period for cash, or 10% or more were acquired for cash during the preceding 12 months, the offer must be in cash (or include a cash alternative) at not less than the highest price paid during the offer period and the preceding 12 months.''

https://www.burges-salmon.com/news-and-insight/publications/guide-to-public-takeovers-in-the-uk#stakebuilding

HH, lol

Didn't Sofina purchase stock in the last six months, if so this would almost certainly trigger the 12 month price rule if part of a consortium.

edit: which is currently ..wait for it......6.18p (ish)

Explainer | Why is China’s inflation rate low compared to the US, Europe and Britain?

https://www.scmp.com/economy/economic-indicators/article/3181940/why-chinas-inflation-rate-low-compared-us-europe-and?module=service_journalism_int&pgtype=homepage

Just checked in to see HCM in the green, that's unusual especially when NASDAQ is down almost 3%

China looking strong as it re-opens for business.

The shorts just sold 1,150,000 shares at a very (very) low price, that's gotta hurt !

I see Qube off (again)..

Here, here Fredster, I think many feels the same too hence subtle migration to Telegram Group.

Its ridiculous to blame the company or BoD for every drop in the share price, this is the stock market get used to it.

Just over a year ago NEd's purchase with a '5' in front -

Price(s): 596p

https://www.investegate.co.uk/thg-plc--thg-/rns/director-pdmr-shareholding/202105131021175401Y/

(I was tempted to do my 'breakfast' joke but refrained lol)

Slim pickings for prop traders, hardly worth their while at this level.

They will get bored soon enough.

If investors are unhappy with the board or any other aspect of the company, sell up - surely that has to be the easiest solution with 3,000 other companies to choose from.

Reasonedthinker, please do not use the term 'we' as you do not speak for everyone on this board, certainly not me anyway.

It's just after 11am and time for a cuppa, day is not over just yet.

Brilliant news!!

Two large trades, 2.5m and 750k - skimming back through advfn charts, last time volume was this high 2018 or earlier.

We may see a TR1 although % wise still not huge.

M & A getting close to home, would there be any interest I wonder in HCM given the development, manufacture and commercialize Tazverik in China, Hong Kong, Macau and Taiwan?

Either way, it helps with valuations which have been decimated recently.

This week Mondelez International – the owner of confectionary brands like Cadbury's, Oreo and Toblerone – agreed to pay $2.9 billion to acquire energy bar maker Clif Bar & Company.

It’s the latest example of a company making a big-money move in an attempt to stake a claim in the growing wellness industry.

In 2020, Mars Inc spent $5 billion to acquire the North American business of snack bar brand KIND. In 2021, Nestlé spent $5.75 billion to take control of some vitamin and supplement brands from The Bountiful Company.

And earlier this year Italy’s Ferrero – best known for chocolate-heavy foods like Nutella and Kinder – acquired Irish protein bar brand Fulfil in a deal reported to be worth more than €150m

https://www.rte.ie/news/business/2022/0625/1306758-wellness-industry-health/

This is what Fitch had to say on THG's in-house Ingenuity platform last year. It would be Great to see similar headlines from media and analysts alike.

"THG's in-house Ingenuity platform and owned infrastructure represent a high barrier to new entrants, only matched, if only partly, by Amazon.com, Inc. (A+/Positive). Fitch's rating construction does not centre on Ingenuity's current or future earnings. Instead, Fitch's business-model considerations focus on Ingenuity's capabilities that facilitate THG's core nutrition and beauty segments in the direct-to-consumer space."

https://www.fitchratings.com/research/corporate-finance/thg-capital-raise-reinforces-positive-rating-momentum-14-05-2021

I bet WPP would like to get their hands on all of these divisions, saves starting from scratch.

Analysts assume most of the growth comes from influencers and the brands themselves, very little (if any) credit is given to the supporting infrastructure which makes this all possible and sustainable, it could ales be considered THG's moat.

(links in one post for reference)

THG Studios Icon

https://www.thgstudios.com/icon/

THG Hosting

https://www.ingenuitycloudservices.com/

THG Air

https://www.thgingenuity.com/solutions/fulfilment/air-freight-solution