Member Info for 2phevs

this is the line from may 2021 rns

Proposed c. $1bn capital raising consisting of a subscription of approximately $730m from SBM and a placing of up to $270m with long-standing, technology-focused shareholder Sofina expected to participate in the placing in an amount of up to $85 million, with gross proceeds to be deployed to execute an advanced pipeline of strategic M&A over the course of FY 2021

$640 mill spent since on Cult and Bentley
£250 mill spent on Capex and integration since all proceeds of subscription and placing invested resulting in £200 mill extra revenue and £25 mill ebitda

All this happened since 500p ipo
and THG is now less mcap than this type of investment
Absolute bargain basement and that's why blank cheque will accumulate all sold shares in batches of decent volume when the sells mount up IMO

blank cheque back in
just sits and waits for the sells to mount up so it can just press the 100k buy then will wait again for some decent volume to try again
Lucky them averaging down every few percent below the 6.5 mill@ 62.5 buy made the other day

$1.05 bill @ £1.18 = £890,000,000.00

All been blown away don't think so
Multiple acquisitions and huge capex spending

Lord Allen down over £300,000 (if you include the stamp duty) in less than 2 months
Would imagine he's pushing for definitive September strategy

Nice one canary you're not the notorious blank cheque buyer are you

Just done a 6 months comparison between thg and jup
THG down 40%
Jup down 50%
Should of sold their own shares they'd been better off numpties

The more I think about the senseless jupiter selling here the more desperate idiots they become
Redemptions needs cash
New CEO probably told loads of cash before taking job
Most assets in fund none listed
Equals desperate selling
unreal opportunity for new quiet careful buyer that activates only when volume sell happens
Wish I had a blank cheque book now to buy a lot more here

No worries pencil please carry on posting as much info as you can

Would be nice to be able to know if it's just cash requirements from redemptions that the numpties at Jupiter's are having to deal with

So perhaps CHRY hasn't actually sold any just jupiter
Looks like there's no volume for blank cheque to buy up yet today

Nice one HH spot on Thank you
and yeah we all surmised chry along with jup were distressed selling before the TR1
hope they're in good lth hands

Can I just ask pencil
the reduction in percentage of overall portfolio is this not down to the fall in share price meaning the total value of thg came down so resulted in thg becoming a smaller percentage of CHRY 980 mill overall portfolio
Hope you don't mind letting me know always respected your posts

Hoping blank cheque opens up Hudson yards around noon
Do feel for the guys on leverage but that's the risk you decided to take hope it comes good for you all

I'm expecting a lot of tion's coming in September
Capex reduction
Roll out automation
Acquisition Integration
Cash flow positive indication
Commercial partners participation
Timetable spin offs implementation
And a few more tion's hopefully

At this moment I personally don't care about the SP thg has been dragged into a cesspit that it doesn't belong in and lord Allen knows this he's down on his £1 mill buy a bit more than my total investment here just doesn't make sense to me

Around the 200 mark I believe and to include thg on this uk macro issue is ridiculous as 60% revenue comes from ROW
Tesco has been increasing its sp recently when all the retail data points to less spending on food drink and tabacco and spending is up on socialising ie looking good which is great for thg

Even all the pub shares are down by nearly half when they are clearly busy the Jupiter's of this world have got their heads in the sand and jumping on the current media hype imo

Imo doesn't look like CHRY have sold much at all just the percentage of portfolio has halved since they last reported nav because thg price was 116 in May (pre take over bid of 170)it is now 63.68 in their Aug 18th nav report
Just goes to show what a bargain this is especially as they mention re rates upwards recently of peers in the report

A few mentions of recent re rates of peers and good trading activity of portfolio looks like thg is roughly £10 mill holding
https://www.londonstockexchange.com/news-article/CHRY/quarterly-nav-announcement-and-trading-update/15594112

With you on this potential benefit of freight issues pencil

THG could be lent on for their logistic prowess and the huge space in a perfect location
Companies could be forming a que right now planning for black Friday and cyber Monday

Any extra business won could help increase the 60% rest of world revenues that thg have

Also imo Lord Allen thought THIS CAN'T GO DOWN ANYMORE @86.44
then MM thought THIS CAN'T GO DOWN ANYMORE @70.44 so much so he gave them away to friends

But 62.5 knows about the numpties position and will be taking as much as possible and it will be great to find out who it is my money's on kkr

Nice work pencil thank you very much

Seems the bottom line is Jupiter's getting a new CEO very soon and the numpties who are still left there (after the prior CEO resigned recently so he could JUST SIT ON THE BEACH his own words) are trying to deal with all the redemptions and disguise their own disregard of compliance weighting of positions

Just feel for the OAP's and hnw individuals that have huge amounts tied up with these numpties and put their trust in them

But this has given us a mega opportunity to own a fantastic business at a huge discount to it's nav and its huge future potential and blank cheque book 62.5 knows it if any shorts want to close their going to have to bid more than buyer 62.5 imo

Hi Rob perhaps you can ask eye very nicely to explain exactly what a UT is

yep pass the parcel and when the music stops and the last wrap has come off somebody is left holding the baby
but concur Black Rock would have a better finger on the pulse

kairos (not very active) 55
after blackrock dropped by 60 the past few days
Shorts down overall past week