Member Info for Canary3

I forgot to say that on the 8th of August THG share price closed at 66p

So between the 28th of June and the 8th of August the Share price fell 20 points or 25% ish.

The good lord must have been astonished as to the SP movements since then!!

Something else thats interesting to me Oxygen

On the 2nd of June it was posted on here by SP28 that Jupiter held 7.81 % of the shares in issue, the price was 1.44 and that of course was during the bid. That number came from the declaration forms.

On the 28th of June the good lord bought his shares Price 86p, so two and bit months ago and a month after the Cup declaration.

On the 8th of August Jupiter informed the company that they had sold 24 million shares from 86 million to 62 million and falling under the 5% level.

I think it's fair to assume that those 24 million, plus whatever they may have sold since the 8th of August has contributed to the share price fall.

Interestingly on Friday 8 of the 9 quoted holdings in the top ten of the JUP mid cap fund rose by between 1 and 4.5% , are JUP buying back or have they merely stopped selling?

interesting indeed.

This might interest you oxygen

The good Lord joined BB on May the 13th 2021, he bought 250,000 pounds worth on 17th April 2022 after strong results. So so after 11 months in the role.

He Joined THG in March 2022 and three months later bought a million pounds worth. Perhaps a little hasty but, I think he is better placed than us PI’s to make a decision on whether it was a good idea spending a million pounds.

Unless the sky has fallen in on THG since June all will be well. IMO

PS I don't believe it has, headwinds to tailwinds and all that Jazz

Watts and his pal used to manage CHRYS and make all the investment decisions, CHRYS put in a new investment board starting in July and they now take the investment decisions and JUP carries them out.

Watts @ pal manage JUP Mid cap which of course CHRYS is apart of.

Selling down CHRYS will ruffle some feathers IMO. JUP mid cap is in a real pickle, the biggest holding is ASCL about a 100 million quid give or take 6.8 % of the fund, which is now valued at about 1.3 billion by my reckoning.

They top 10 holdings are very concentrated, over 50% of the fund , Starling is 6.2 so another 100 million.

The fund is down 42 % PA and is bottom of its peer group.

Redemptions will be happening for sure and regular saver might not sell their holdings but they will direct them away to another fund, and no IFA will recommend this fund if they are in their right mind. and so less cash coming in.

I hope I am right and thats causing the fall in THG at the 8th of August they still had 60 million shares , they need liquidity as the redemptions come in. I think they are selling THG.

If i am wrong then something in the business has completely broken in the last couple of months.

All IMO

51.48

I am convinced that JUP or ANOther is selling down, most likely JUP

The mid cap fund was down just under 2% yesterday making it round 10% since the 1st of August

In that time frame, ASCL , THG and CHRYS are down circa 30%

Both ASCL and CHRYS are up this AM, all buys here being met , one day that will stop

All IMO

If they did a share buy back the SP would fall IMO, a growth company doing buyback would signal they have no better ideas to invest in.

I very much doubt that they would do that.

MY guess is that if it was JUP or AN other selling down, they will slow down and stop now that August is done , the SP will gradually rise into results and if they are good, the sellers will buy back in. As will many others.

Me last one though

At the end of last month the fund was valued at 1.4 billion

Starling was 7.6 of the fund

The fund is down another 7/8% this month.

It's in a bit of a pickle.

Charles Allen. Respected figure in the city.

If he knew / knows of something material within the company that has caused the drop from 86 to 54, it would be RNS’d by now. He wouldn’t compromise IMO

So i think there is nothing he knows going on, in the company thats not to say there isn’t something that he doesn’t know.

I am also sure that this drop will have caused him to be looking very carefully at what’s going on in the company so that he isn’t caught out.

However if this drop is caused by JUP continually selling , he will know about that for sure as will everyone else in that circle.

I have a buy order in at 54. Last day of the months JUP will be wanting things looking as good as they can for monthly update so we might see a dip into the close.

All IMO of course

https://www.tesco.com/groceries/en-GB/search?query=protein%20powder

Its available by the looks of it

Big Holding for me, I don't have millions of shares.

IMO things will be getting a lot better , Governance and City wise.

MM has changed his behaviour and profile on social media since Charles Allen arrived and Charles Allen is still here and will no doubt be helping fine tune the strategy.

You can bet people in the city will be asking him why he joined, why he is still there and why did he buy a million quids with of shares after 3 months.

If expectations are met or close to being met and a decent plan is set out to move the company forward.

City confidence will soon be visibly improving

Of course I am a big holder and bought twice this am once at 57 and once at 56

So don't take me view without a pinch / handful of salt.

GL

Well i am now in the 57 club..just but it began with 57...

Just looking at the pound to the dollar, since launch, all figs Circa

Launch sept 2020 = 1.30
High May 2021 = 1.40
March 31st 2022 =131.

Since March 31st it has dropped from 1.30 to 1.16 as at today.

The benefit is going to be very significant all things being equal.

They of course didn’t mention that the company has doubled in size well 95% since the IPO and of course that there is a new Non-Exec chairman and cash at bank.

TBF most of the others Made and so von on are in dire straights.

Just as well THG has cash in the bank.

https://www.thetimes.co.uk/article/reality-bites-for-the-tycoons-who-cashed-in-nmjtzlx0l

AS far as i understand it, they can agree price with a 3rd party but NCM then have first refusal on that price.

But thats just my understanding.

Thanks LA very helpful I was just using the first stage ore, those numbers look extremely good. Sometimes its easy to focus on the short term and ignore the medium to long term.

I will still wait for the funding to be RNS’d i would hope/expect the bank loans to be over a longer term.

I should have added that the 30 million comes from the best and easiest ore in the mine.

the next ore mined will not be as valuable.