Member Info for Beamer21

At one point it was famous for being the most shorted stock

Sound familiar? I remember trading these below 200p

https://www.reuters.com/article/uk-ocado-idUKLNE66K00320100721

Only on Tuesday, Ocado OCDO.L lowered the price range for its flotation to between 180 and 200 pence from an initial 200 to 275 pence.

“Even at the revised valuation, the company is still overvalued and expensive. We would not be surprised to see hedge funds shorting the stock,” said Amisha Chohan, an investment analyst at HB Markets.

That exist between Ocado and what THG have with Ingenuity

https://www.reuters.com/technology/ocados-world-rise-machines-is-unstoppable-2021-10-25/

At Erith, Jensen is already thinking about taking Ocado's technology beyond grocery retailing into general merchandise.

"It's definitely an option longer term," he said.

Only one disclosed short PSquared at 0.69%

Remember it’s net short positions that are reported - those holding long wishing to accumulate or profit short term will short too but will come in under the 0.5% disclosure threshold

issued mid September 2021

Outlook and guidance - Trading remains strong so bodes well for upcoming Q3 update

Guidance is in line with the Group's statement on 4 August 2021 on a constant FX basis.

· Trading remains strong and we are confident in delivering FY 2021 Group revenue growth of between +38% to +41% on a constant currency basis (reported growth of +35% to +38%).

· Margin guidance remains unchanged at stable adjusted EBITDA margins on a constant FX basis, before taking into consideration the dilutive full year contribution of Dermstore (which is expected to be in line with Group margins by the end of 2022).

· FY 2021 capital expenditure guidance for the Group is between 10.0% to 12.0% of Group revenue (vs 14.8% in 2020). The continued level of expenditure is driven by an acceleration of growth plans to support our own brands, Ingenuity clients and reflecting investment in acquired assets.

· The Group continues to take a highly selective and disciplined approach to M&A, with strategic priorities remaining beauty brands, and assets that extend the Group's vertical integration, and expand its brand building and digital commerce activities. The capital raise in May 2021 provided >$1 billion to support the Group's successful M&A strategy, with a select number of value-enhancing opportunities under evaluation.

Given the volume likely to be a negotiated buy as a sell of that volume would be be subject to a much greater discount but it’s all semantics really

OUTLOOK
We confirm the guidance for export saleable production of between 15Mt and 16Mt and flat FOB cost per export tonne of R830 for the full year.

Having looked in this evening there’s either a lot of do gooders trying to save those that are long from impending doom or there are a few traders highly concerned about the rise that’s coming this week?

I don’t need saving, but thanks for your concern

Investor relations have confirmed zero operational issues as a result of the fire

SYN00GOLD - completely agree

Was trading at 600p this time last month

On the day of the now infamous Ingenuity presentation, 12th October THG opened at 427.20 and closed at 280.50

An interesting few days ahead

https://www.google.co.uk/amp/s/www.thisismoney.co.uk/money/markets/article-10093865/amp/City-calls-Hut-Group-founder-Matt-Moulding-new-chairman.html

The book today, so far….. looks much more favourable with some chunky buys going through

Thungela have confirmed zero impact operationally

The fire was not at RBCT specifically but within the port of Richards Bay close to the RB Bulk terminal - The export loading terminal was unaffected hence unlikely to cause any direct operational issues. RBCT is located about 2km across the bay from the RB bulk terminal

From Thungela IR

https://www.coalmint.com/insights/South-African-thermal-coal-export-shipments-to-India-rise-57-in-Sept-21-248834

https://www.bbc.co.uk/news/business-58824804

From yesterday’s FINAL outcome RNS - This concludes the Serious Fraud Office's investigation into the Company.

What volume were you expecting ? Currently + 233% 65 day average

auction to hopefully quell some of the volatility

as the fundamentals are super strong now and moving forward, profit taking and balancing the books is sensible particularly given the justified but meteoric rise of late