Member Info for 1pencil

..another arm of THG rarely ,mentioned but part of the whole package, all requires investment ..

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

We haven't heard much on the acquisition front lately, perhaps this is the reason behind no director purchases - draw down of 530m GBP from their long term facility, that's way more than needed for cash flow/headroom.

Taking an existing brand and onboarding to Ingenuity is their forte, something along the lines of Revlon where they have struggled with a transition to online.

More to do with the type of listing imo, UK funds not allowed to buy at present but this should change once stepped up to Premium.

forgot to mention, there was a separate article on Biden's tariff reforms which they plan to relax in order to help ease US inflation, all should help general sentiment along the way.

Lastly bitcoin, China banned trading so no banking exposure which may prove to be a wise decision.

There was an article in one of the China news sites highlighting how China could emerge much stronger post Covid than other countries, its something I have been thinking about also mainly due to valuations being so attractive; few other points below;

- Low inflation, not subject to similar pricing pressures affecting the West
- Dominant companies with state controlled moat, Alibaba being one example
- Low interest rates, unlikely to increase as no need to combat inflation
- Huge captive market
- Tighter SEC type regulations

Some of these points will undoubtable help Huchmed given its exposure there, perhaps they may even up their investment given how supportive China is to home grown Bio tech companies.

I need to do far more research also looking in FX risk and trading costs.

..or TGG Hosting, appreciate its not core, but still cost a few pennies to setup

https://www.ingenuitycloudservices.com/

It further strengthens to case for separation as I think analysts struggle where businesses have multiple divisions, they tend to only focus on one aspect as Citi have quite eloquently down here.

A good example would be THG air, how much capital has gone into establishing this but never mentioned in the notes or headlines, how many competitors have this type of Fedex resource?

https://blogscdn.thehut.net/static/ingenuity/video/thg_air.mp4

Shanghai Stock Exchange takes over the first-half IPO crown from Nasdaq, which ranked sixth, according to Deloitte

Thanks to jumbo IPOs like China Mobile, CNOOC and Jinko Solar, Shanghai is expected to maintain the top ranking this year

https://www.scmp.com/business/banking-finance/article/3182684/shanghai-stock-exchange-worlds-no-1-ipo-venue-chinese

Hong Kong audit regulator in talks with Beijing’s Ministry of Finance about granting it access to working papers of mainland Chinese companies, chairman says

The Financial Reporting Council is exploring ways its staff might be allowed to inspect the audit papers of companies in mainland China, says Kelvin Wong

‘These inspections [would] aim at checking if audit firms have sufficient internal controls on audit quality,’ says Wong

https://www.scmp.com/business/banking-finance/article/3182822/hong-kong-audit-regulator-talks-beijings-ministry-finance

The main problem with leverage is the prop traders know your using it, for example when purchasing 10k of shares it settles as a CFD (contract for difference) not as a physical share purchase.

This creates volatility in the underlying share as much too tempting to run out holders, IG for example tells you the percentage of their clients long on a particular stock .

Whilst DMA is important, having access to all of the RSP's is equally so.

There's five auctions each day I think, opening/close then three during the day. you can generally see an auction as its flagged up with an ' A' on some platforms, plus its goes into reverse, bod/offer switches around.

If your trading that sort of size you do need DMA, you can buy at the bid and sell at the offer it makes a huge difference to you profit and loss.

Dg, makes you wonder. ..anyone would think they have been in this game for 18 years...oh hang on, wait a minute.

What happens to the competition who contracted to by 6/12 months supply in advance at higher prices ?

Slim pickings perhaps whilst THG margins increase (as per guidance).

I find it uncanny how THG commentary mentioned whey prices dropping in the second half, look at the calendar (and today's drop).

What r they like that Qube lot, as soon as it's their round they are off lol

Top post Sp, just gave that some green : )

Boom, re: raising prices

This will come in time but for now its the survival of the fittest, market share, brand dominance and customer loyalty (sticky customers) are the key metrics in these markets. Whilst margins maybe under pressure growth in revenues and new customers should help compensate.

Ironically, these are the sort of markets where THG could really excel with economies of scale, logistics and automated fulfilment.

My confidence however is in Matt and the team with and 18 year track record of growth - few if any in the in industry can match that level of experience and expertise imo.

Cheers AS, worth a try.

They ought to make prop traders pay stamp duty would put an end to a whole day of churning stock - hat's not what the stock exchange was designed for,

That's a huge drop, hopefully it won't whey on the share price too much ...

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

:-))

AS, both on the same page as it were, interested to see your response if able to post.

Cheers

Investor Relation team are pretty clued up with most of the content already been released, what is interesting they choose to repeat this information which in some instances was actual guidance, that did pique my interest.

Doubtless we haven't heard the last of this bidding malarkey, just can't see King Street taking such a loss without some sort of a fight.

Going to give the props D-, must do better lol

Red UT anyone..