Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I agree, once you have opened a bet, they shouldn't be allowed to change margin requirements. Certainly not by so much with such short notice. They should have hedged their exposure in almost real-time. Their fault if they haven't. New positions I don't have a problem with.
Crazy price right here. 2 scenarios:
(1) Apollo/another PE house takes THG private: price will be well in-excess of current sp.
(2) THG remains public. The market cap right now is stupidly low (why they're receiving approaches). In time this trades well over £1.
obviously the deal is still on. What happened today was a spectacle of market manipulation followed by a huge number of stops getting taken out in short order. Plenty will have been (leveraged) long with stops under £1. Today a lot of people made money and lost money.
that article is a fluff piece. I'd take the sky news insight that an offer was being considered at a steep premium. It's obvious to Apollo that sub £1.70 was off the table. Was very clear yesterday that deal is still being worked on. Watch this get bought back up later today and you'll see the bid is very real.
only just getting started here. I've been surprised how little interest there has been given the work they're doing on covid passports (which are clearly going to be a part of all our lives soon enough). Tiny market cap for such a quality company.