Member Info for Globex

Lombard Odier cutting their holding in half, could be a useful follow the money signal with their form for curiously impeccable timing.

Do we know THG has excess capacity? It wouldn't surprise me but there's no transparency here for investors to know one way or another. Some of these leases have 20+ year lock ins so if there is spare that will be a challenge to wriggle out of. Incentives a bit skewed, where surrendering leases or price reductions would benefit the company, it would mean reduced income for CEO. At least it's convenient for Moulding to negotiate better leases as he can do it in front of a mirror.

For US revenue the numbers speak for themselves though, down 15% YoY, that's despite USD strength and inflationary environment - volume drop will have been greater still.

Does look slightly desperate to be issuing a RNS just about taking on tenancies of one building in Glasgow.

Director sells are always a bit of a red flag.

True Rizzel, the overall market is growing but the challenge is competition. On the premium side Glanbia dominate because of established retail distribution, while on production side they control the chain enabling highest quality product (comparing favourably on metrics like protein per kg, less sugar/saturated fat, the kind of details those willing to pay more pay attention to).

On the mid to low low end MP operate in buying whey wholesale, ultimately all these brands are selling the same underlying product at same price, with packaging/marketing being the only real difference. With this lack of competitive moat marketing spend has to leap and prices kept low just to maintain market share. We've seen what that does to margins. It doesn't helps that anyone can start an Amazon marketplace or Shopify store and pay for some influencers, barriers to entry are low. Even Amazon getting on the act with their own branded whey has to be a concern.

Speaking as a HL oversubscriber (requesting 100%), being locked out from selling anything is real pain. The company was clear proceeds from tendered shares would payable by 25th April, but did not say there would be this lag on dealing the portion unsuccessfully tendered. There would have been nothing stopping them freeing up unsuccessfully tendered shares after Cavendish bought the 38.5% on Friday.

Instead by waiting until 25th means we're in a weird market now where natural sellers can't sell. They should have delayed the buyback until 25th+, they would have ended up with more shares as they are currently paying over the odds.

For a brand new account to rock up and start endlessly arguing with everyone is pretty sus, it has to be said. Either Nanoco has a highly disproportionate number of these strange characters relative to its size, or frankly relative to any nearly any other company across these boards. Or we're talking about 1 or maybe 2 individuals max with these characteristics. In the case of xenon's outburst looks like a case of the lady doth protest too much.

Fear uncertainty doubt, but more commonly used on these boards by mega bulls to try to blanket dismiss things that might not be mega bullish

News today Inchscape offloaded the retail arm to Group 1. They're NYSE listed $3.6bn, so good read across for sector that these large US firms still interested in acquiring UK car dealership assets, after bids for Pendragon and Lookers last year.

Price paid £346m. For context it had revenue of £2.07bn, operating profit of £49m.

Vertu today valued at £224m. We await full year results but last year Vertu had revenue £4bn - or nearly double the Inchscape subsidiary that sold for 50% more than Vertu's current valuation.

£19.4m statutory loss for such a small company is pretty shocking

Monday looks like a messy one for all risk assets. Altcoins getting absolutely nuked, turns out even dogwifhat might not be immune to geopolitical headwinds.

Definitely a lot of fear today, haven't seen Vix go 20%+ in a single trading day since March 2020. Not helping that Mara's mining numbers raising some question marks tbh. But the slightly absurd thing about this bloodbath is US close a week ago was $67.7k, only a few hundred bucks away that now.

Maybe Crafty scarpered after seeing even sleepy old FTSE100 livening up. A UK index reaching ATH can't have gone down well given 1000s of words about UK market being very bad indeed etc.

Not yet - hence the lock in period we've been talking about

Unfortunately it's not correct to say those left holding are only those who turned down 24p. That would be true only if tender take up was 38.5% of shares or lower. In the event it was oversubscribed, so those left holding now actually includes those who wanted to offload more of their shares at 24p.

Don't worry, can't see it going above 24p and staying there.

As Kooba says those who tendered over the max are locked out from trading at the moment. So the share is currently in a strange twilight zone where sellers can't sell but the company is buying shares. I tendered 100% for example and would be very happy to sell my portion not tendered above 20p but can't. That imbalance is creating a floor it's an artificial market at the moment, albeit temporarily.

Those fees might be creeping up too, good to see all these 7+ btc blocks going through. D-day only a week away, will be v. interested to see what happens to global hashrate.

Some short numbers, apparently they lost $2bn betting against Mstr last month. I think that covering explained a lot of the mega moves upwards. They didn't do too well out of Clsk either. Second most shorted in sector Mara at a whopping 17% of float.

https://www.reuters.com/markets/currencies/microstrategy-leads-crypto-sector-short-losses-with-2-bln-hit-since-march-2024-04-10/

Xenon you've shown yourself to be a bit of an idiot there. Everything I stated was factual, there were no opinions there so it's absurd you trying to disagree.