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Commodity markets starting to price in a peaceful resolution in Europe.

Averting further suffering has to be a priority, what would have happened if Trump had lost the election..

The world effectively lost 30% of its grain production, if this comes back into the market it could have huge downward inflationary pressure - grains being the corner stone of most economies around the world.

This is the closest I have found but doesn't seem active?

https://finance.yahoo.com/quote/CHIH/

Is that volume for real, 5k by elevenses ..

Keen to see any updates to share ownership, really does feel like props have been filling order both here and THG, very similar profiles imo (not companies GoCpi, stay in your seat).

This is the index I tend to follow although obviously delayed, haven't as yet been able to find a live quote.

https://www.msci.com/documents/10199/53d45d8e-28a9-4a1f-8f91-c9dfddaf10bc

Anyone watching HK Index levels.. ?

That's an impressive move, just shy of 4%

Talk about cutting it fine, what a shambles..

From 28th Nov

4. FTSE eligibility and qualification

FTSE Russell meets on a quarterly basis to review the constituents of the FTSE UK Index Series, incorporating the FTSE 100, FTSE 250 and FTSE SmallCap indices. It is anticipated that, subject to the Transfer becoming effective and other conditions being met, the Company will be eligible to be considered for inclusion into the FTSE UK Index Series. The Company expects to be eligible for acceptance into the FTSE UK Index Series in March 2025. The March FTSE UK Index new issue cut-off date is 4 March 2025, with the effective date for the rebalance on 24 March 2025.

Nice one, I have to confess to losing interest on the whole thing as so protracted, that said I can't fathom major holders letting this slip by , its embarrassing enough as it is.

Things are finally starting to move in THG's favour..

Mark Evans founding partner at Balderton Capital, participated in recent fund raise.

Relationship goes back nearly 15 years, hence longer term view comment.

https://www.balderton.com/news/thg-a-direct-to-consumer-pioneer-born-built-and-thriving-in-manchester-england/

Sometimes I use Argus Vickers if needed, but on this occasion compiled from various sources starting with the rule 8 notifications during takeover period.

We had some TR1's around the fund raise/separation which helped, not 100% but close enough to get an idea.

Divergence between say the more liquid 35% or so and LTH like Sofina/Balderton stems in part from time frames, these guys take a much longer view in order to ride out economic cycles which is why they remain supportive during dips.

Mark Evans

https://creativedestructionlab.com/partners/mark-evans/

Premier Miton Group plc might be one of those funds, might take a while for anyone to build a position here at such low volumes.

Looking back Frasers could have picked up some of the OMVK stock before the demerger/raise, this would help explain how they managed to build fairly quickly.

I had wondered if it was Vanguard selling but checked no change at the end of Jan 25.

Threshold notifications over 5% are a bit tricky, pretty sure they are voluntary until 7% or something.

Went through the register with info available, surprised to see levels still over 60~% for core holders, this includes Frasers.

Didn't THG just appoint a sponsor for this move..its bordering on ridiculous, would be better off listing on AIM

Barclays Bank PLC (Joint Corporate Broker and Sole Sponsor) ("Barclays")

“The tariffs could drive up drug prices for US patients, exacerbate drug supply shortages, and push manufacturers to seek alternative markets,” said Ophelia Chan, senior business fundamentals analyst at GlobalData. Chan also noted that companies in the industry “may respond by relocating manufacturing and trials to the US or other tariff-free countries, though the full effects are still uncertain.”

https://www.cnbc.com/2025/02/19/trump-suggests-25percent-tariffs-on-autos-pharma-and-semiconductors-that-could-go-even-higher.html

Hoping we have had some sort of capitulation, only a small fund but what with Vanguard it can make a big difference, exited around the time of Nov lows it seems.

Communication Services Portfolio closes position in SFOR / S4 Capital plc

https://fintel.io/so/gb/sfor/fidelity-select-portfolios-communication-services-portfolio

Share price wise, I can't help but think they will both perform in tandem at least that has been the case for sometime, equal weightings from me as a tough one to call imo.

Commodity markets already starting top price in a peace deal, really hope so to avert further suffering.

Adding back in 30% of the worlds grain feed could make a material difference to inflation.

It could take a long while for companies to secure permits to build US manufacturing plants, maybe the markets see this as unlikely near term,possibly years down the road.

Hutchmed has to be on someones radar that has established US manufacturing..

Trump appears to have delayed the implementation of tariffs on pharma to allow companies to build US manufacturing bases, pretty sure Hutchmed already manufacture in the US but no idea as to what extent.

Perhaps this is enough to spur on consolidation within the sector:

China deal-making ramps up after years of decline as domestic companies prepare for Trump tariffs

https://www.cnbc.com/2025/02/19/china-merger-acquisitions-activity-set-to-rise-as-companies-prepare-for-trump-tariffs.html

Sentiment is a huge factor in both, really feels like the other end of the spectrum while we wait for trends to change.

Europe already on the ropes, Germany going backwards, wouldn't be surprised to see negative rates once again fairly soon.

Watching to see what happens across the pond, underlying figures for debt, bankruptcies at or approaching 5 year highs, it may well be we get a correction before moving forward which would give the fed space for additional cuts.

Plenty of analysts calling the Ai a bubble, agree in part, its useful but perhaps not to the extent Wall Street have us believe..

...hmmmm..

Chinese companies don’t know where to put their cash — and it’s sparking a record rise in dividend payouts

https://www.cnbc.com/2025/02/11/chinese-companies-could-see-another-year-of-record-dividend-payouts.html

Anyone watching HK Index levels.. ?

Some trivia...

THG

A) Price high 837.80

B) Price low 37.00

A – B points 800.80

in percentage terms -95.58%

S4

A) Price high 878.00

B) Price low 33.86

A – B points 844.14

in percentage terms -96.14%