Member Info for 1pencil

Good for retail, BRBY just took off ..

The consumer price index was expected to increase 0.1% on a month basis and 3.4% from a year ago, according to Dow Jones consensus estimates.

https://www.cnbc.com/2024/06/12/cpi-report-june-inflation.html

..missed this one, few days old now but we know EU has followed.

Bank of Canada reduces policy rate by 25 basis points

https://www.bankofcanada.ca/2024/06/fad-press-release-2024-06-05/#:~:text=The%20Bank%20of%20Canada%20today,policy%20of%20balance%20sheet%20normalization.

Have you a link Jatw, make sure we are looking at the same thing.

What is 'TD worked' ?

I looked at the analyst data on the website - they had expanded it significantly and had two links for further information TD worked, the other one did not work for me (may be a HK team). Cavendish was not listed, but that could be just timing.

Great entrance, see how that goes down at the conference lol - Ai is certainly going to change the world around us to some degree.

That said, we are changing over operating systems to Linux this weekend to avoid Microsoft implementation of same.

The danger I think is we have too much information, overload so to speak where people just say no more.

There's a lively debate on KWS thread (other site) concerning the receipt of multiple offers which were not disclosed, according to one poster there were five before the final release.

Its more common than perhaps investors realise, I found out by accident that one of my companies had received two PE offers without releasing info, this was based on feedback from larger holders.

I think its important to realise THG isn't alone in this low valuation market, interestingly HCM has just issued a note similar to the Peel Hunt/THG approach.

I wonder why they instructed Cavendish, the report has an asterisk stating corporate client ?

Perhaps they are responding to the perceived chronic undervaluation affecting many UK listed stocks, that said HCM is also listed elsewhere too.

Did anyone manage to download the report?

Raspberry Pi is doing okay this morning, amazing little tech company.

FTSE down 1% we are holding our own (insert thumb emoji)

Saigonsally, if you go direct o Cavendish web site you should be able to download for free.

https://www.cavendish.com/

Buyer still active, 500k on the buy side.

Panmure is their NOMAD, it looks as though Cavendish have been retained also.

Gauging the likely impact of THG and others joining the FTSE ranks is not easy with so many variables, however looking at the MCSI index page helps with perspective.

This covers a staggering 4,993 MSI global funds of which 1,895 are based in the UK.

https://www.msci.com/equity-fact-sheet-search

Many of these funds are specific and may include THG on ESG grounds, this is a big driver within the investment industry at the moment.

Target price 550p GBP

77 pages, one for the weekend, part of intro below:

Revenue growing biopharma. In 2023 Elunate, Orpathys and Sulanda all experienced strong growth in China generating combined in-market sales of $198m (18% YoY growth) with consolidated revenues to HUTCHMED of $156m (25% YoY growth). Fruzaqla has also seen strong uptake in the US since its launch in November 2023 generating in-market sales of $15m in FY 2023 with HUTCHMED consolidated revenues of $7.2m. This commercial traction has continued in 2024 where we estimate Q1 2024 Fruzaqla US in-market sales to be c$55m making it on track to achieve c$200m in CY 2024 and ahead of current consensus (c$80m), in our view

Dpw, you may not be that far from reality, for a while now I have thought the most likely option is for Matt to donate his holding to a charity.

Its only a small handful of people out for their own gain they think negatively, that's just the way the world is.

Excellent news and frankly about time, we are talking weeks rather than months.

Here is the FTSE250 constituent list as it stands now:

https://www.londonstockexchange.com/indices/ftse-250/constituents/table

That's good they are raising their US profile.

Someone mentioned about UK roadshow not much point while UK funds have limited/no access to buy.

The Iain McDonald AGM statement was published on 2nd January, THG fell around 12% on the day but so did BOO and ASOS, 10% and 7% respectively.

All three had a strong rally in December, THG however outperformed hence the larger correction.

Something retail, TU elsewhere perhaps? - doubt Iain McDonald statement had any impact.

I doubt the Kelso share price would be a s high as it is without Matt and Co buying..

Talking of shorts, down from record highs in HK 18,125,547 to 17,560,047

Given the currency conversion not huge but still for HK quite high, and remember -

'for every short seller there is a guaranteed buyer'

https://www.sfc.hk/en/Regulatory-functions/Market/Short-position-reporting/Aggregated-reportable-short-positions-of-specified-shares

In my mind that dismisses (quite firmly) any suggestion that Matt is buying Kelso stock because he is concerned, quite the opposite, he is actually supporting Kelso.

There's brief update below with regard to ongoing trials. Not sure if this includes Innocul8 although trial is aimed at late blight and mancozeb.

NEW SOLUTIONS TO OLD PROBLEMS

June 5th, 2024

The immediate focus is the challenge of managing wireworm, potato cyst nematodes (PCN) and aphid-borne virus and the threats to metribuzin, mancozeb and fosthiazate, but it has a programme of activity that will carry it through to the next decade if it can retain the support needed to deliver it, Nick said.

The partnership has shared the findings from trials investigating better control of late blight, aphid-borne viruses and PCN with British Potato Review.

https://www.britishpotato.co.uk/news/new-solutions-to-old-problems/

Urea (nitrogen) is a base fertiliser, not really a direct competitor to biostimulants which would be used with in conjunction with other fertilisers.

PHC's products are more targeted to do a specific job (see potato fungicide below) rather than a general fertiliser.