The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
All Matt has to do is buy another large chunk on the open market, subject to availability, and, at this time, that in itself one would hope start the fairer value process being realized. With the results due I suspect, unfortunately, he will be in a closed period, but once the results are out there, he should be available to buy, and who knows instigate an MBO or part/full sell off a division. I don't expect anything before the results, that window of opportunity which we were discussing over the past few months is over. Hopefully in September we'll start to have a better idea what's going on, because something is definitely brewing!
#squeezethemmatt
GLA
I've had another nibble, couldn't resist the price, happy to keep building as we move towards the further confirmation of the TenneT project et al ;-)
GLA
Great find 1p, and overview of the way the general world of commerce is now changing, whether that be forced change away from historical value/wealth creation sectors i.e. fossil to sustainable/ESG, the trend is your friend as they say.
I'm big in my workplace pensions for ESG, I've gone early and big hoping the compounding effect will reap big benefits in 10-15 years. However, not purely because I believe in the narrative being pushed, if anything coming from a fossil industry background I'm skeptical of the reasons, but not the motives, I'm seeing huge industry changes, which I'm sure everyone can see for themselves even if not embedded in the fossil/renewable sectors, the sand is shifting beneath our feet, and THG are well placed to play a part and benefit from this cultural change.
IMHO we've already seem the 1st wave of sustainable/ESG fund greenwashing over the past 5 years, a bit like the original dot.com tech bubble. I'm anticipating in another decade we'll truly have the 2nd wave and coming of the Sustainable/ESG sector which will be dominated by familiar behemoths we have today who will have fully transitioned (very modern in-word at the moment), along with a few other names we've yet to know about, and who are not even present as a company today. It's a brave new world as we move towards a new type of industrial revolution, as always there will be winners and losers, and definitely Apollo saw THG as a winner in that respect. I also have it on very good word that's why they were interested in WG. for the forthcoming carbon capture boom. Whether you believe the hype or not, sustainability and ESG is now an unstoppable force, and it's where the future wealth lies, both for business and individuals. Our current standard of living, whether you like it or not, is built on Oil & Gas, whether directly or indirectly, and the change away will not happen unless the same wealth can been gleaned from sustainable/renewable ESG related businesses.
#cityamcanprintthis
GLA
They may not be fantastic, but so long there are no bad surprises, steady as she goes is fine by me for the time being, a bit of consolidation never hurt, although all things being equal regarding what WE know the SP should be a minimum a £1, it's a hard fought battle to get there, but there we will get. It might not be this week, or next, or this month or next, however rest assured we will move up. I'm happy to keep buying at different levels when we settle, and will continue to do that as long as there are no rapid movements up, but I'm like Mav and thinking its being held for so long for what appears a few different possible reasons one of which a private approach has been made or rebuffed and/or a position is being built, again for one reason or another. It all points to an acceptance that being long is prevailing and wins out, this will officially be confirmed by any disclosure of an approach or when the TenneT awards are officially rubber stamped and the news drops.
I want to build a larger position than I already have, but happy with what I have if news does arrive and I cannot therefore keep building. This SP is a crazy bargain for those with deeper pockets than me, even now as it's acknowledged sector sentiment is turning, it could literally be life changing for some, better for longer term higher average holders, if you can see the wood for the trees and don't mind having a decent size position for a year or two, that's if no major capital event comes along sooner and takes the investment decisions out of our hands?
GLA
Henderson lives in Knutsford, well he did until recently. Just down the road from Hale, seen him a few times along with Van Dijk, Milner, and Thiago.
#onwardsandupdwards
GLA
Joke, lighten up, take a weekend off.
#squeezethemmatt
GLA
The option that was missed, is Rock thinks we'll go bust!
#onwardsandupwards
GLA
Might up the average tomorrow, pay day tomorrow and a 20% one-off bonus due with work.......oh what to do with it?
#topupordiverse
GLA
Ditto, average 67p, on paper I'm mortgage free, but here for another 18 months or so (end of 2024) or CE if taken out of my hands before then?
#onwardsandupwards
GLA
Matt's Elon Musk moment.
I like it to be honest, it's all about reach and target audience, whether that be Ingenuity, Digital expansion, Advertising and/or Nutrition or Beauty.
It's a very interesting move, but still doesn't change the material fact of the company being vastly undervalued, in fact it will only help in that respect. However, I would also start thinking of other reasons for the purchase that we may not have even considered, like how does it fit if there is an eventual MBO, PE Bids, listing changes, or just natural growth over time.
the cost benefit analysis on this acquisition is really a no brainer, and may be we should all see that as it is. The investment return or capital growth far outweighs the small outlay and does naturally fit with the digital division in THG, whether spun off separately or not.
#onwardsandupwards
GLA
It won't me next year, it'll be this, and the cost for legal, financial advisors etc for either, MBO, division spun off, or PE, will be higher than £10 million, IMHO circa £15 million-£20 million, or $20-$30 million, depends who the advisors are? If ME involved it will be the best and no short cuts taken.
#squeezethemmatt
GLA
My take, is the shorts are doubling down at a higher price, £1.10 down to £0.90 range, stalling tactics of any major increase for the LT holders, but they have taken their medicine and are running the same playbook at higher levels. They can keep doing this on the way up and still get out ahead. Orchestrated in a timely way to avoid major pain, I'm sure they will get the help they need to close out newer positions, depends if Matt wants to be kind to them. I suspect the capital event which is coming is still a few months away, happy to be proved wrong, but now more than ever the shorts have an ever decreasing window of opportunity to claw back any pain they have or be experiencing, that's IMO what Friday was, a bit of panic setting in, not with with expectation that something is imminent next week, but word is out, it's in the wind, wink wink. nod nod. Drastic action is required to close out losing bets, minimize losses, or make a small profit. Time is off the essence!
With recent news flows the game is up, it's just a matter of time, nothing more, nothing less, unless you are short, you will take less. Remember a short can only ever hope to close out a winning bet with a maximum of a 100% gain, which never happens, they deal in margins and treat the higher lows as different levels and margins to trade within. Whilst I despise them and what they have and continue to do on the LSE and the wider morality of placing thousands of decent hard working UK people's jobs at risk and providing a platform for the loss of British companies to overseas predators, they do provide liquidity where none might have been previously available, I refer to them as ETA's, Eaton Turf Accountants.
#squeezethemmatt
GLA
I think we can almost certainly say the Friday drop/attack was because the word is now out. The penny has dropped, and the SP may also drop a bit lower to 85 p - 90p range, higher lows they say. All depends what Matt wants to do, it now appears he hold all the cards, just a case of when and if he decides to play them. IMO this will be in September/October, so short-term movements are irrelevant, as per the 65% have known all along.
I think we can add to the old adage "You wouldn't want to be out of this over the weekend" and change it up to "You wouldn't want to an 8%'r over the next few months".
#squeezethemmatt
GLA
To be honest, I don't think the post was that bad. Was there a need to mention LSE, no, just should've mentioned the division values, nothing else about LSE Meta etc etc.
I, like I hope a lot of investors, see the housekeeping that's taking place before our very eyes prior to the next capital event, which may be very big indeed?
All in all a good steady July, August will be better, September could could be the past month or so on steroids, sorry on protein.
#putuporshutupmatt
GLA
It's all about levels, and the shorts lost out at a lower level, doubling down on a higher level to claw back losses, patience and a bit of time is all that is required for the longs.
#downwardsbutupwards
GLA
Big order being filled for MM buying in the market :-)
#onwardsdownandupwards
GLA
Hey Oke,
I'm in the office........but on my lunch...lol
#onwardsandupwards
GLA
Ditto, I ain't going nowhere, my target time is 18 months from now, the question is will I be allowed to hold that long?
#onwardsanduowards
GLA