Member Info for Hosai

Hopefully we can have a little more of what the NASDAQ are having. UK market tends to be a bit more pessimistic though but eventually would have to feed through with the value disconnect with our stocks and theirs getting even greater.
US Natural gas price is now pretty much at its 10 year floor price.
https://tradingeconomics.com/commodity/natural-gas

Agree Okehurst though not sure Kelso have a particular issue with ingenuity commerce. They said this in the rns:

"We also regard THG's comment that Ingenuity is "in advanced discussions to provide long-term software solutions for several significant enterprise clients" as positive news."

Ocado added £500 million pounds to their market cap today with their 9.15% rise. That's 62% of our whole market cap in less than a day.

Wouldn't want to be trapped in a short here with the inflation to deflation growth stocks rebound.

The whey price is half what it was this time last year (at-least in the Netherlands). THG haven't given an EBITDA prediction yet but it can't hurt to have have the input costs cut in half on £600 million odd revenues.

Either way interest rate decision in half an hour is going to move the macro one way or another.

I can understand the anger here in general, however why is everyone ignoring that the FTSE fell at the exact same time as his post? Maybe the truth is the fall was a bit of both? Boohoo finishing up isn't strong enough evidence, we don't follow boohoo 100% all the time.

Maybe directed to potential recruits as its linked in, hence the mentioning of perks for employees.

So it was his post that sunk the FTSE 350 late afternoon?

(By eggs I meant milk price)

US Natural gas down another 6% today (price is below its 10 year average). Oil down 3%. Even food is down (cheese and eggs down 7-8%)
FED interest rate decision is at 7pm our time. Lets hope things continue to improve with inflation.
https://tradingeconomics.com/commodity/natural-gas

I just got round to reading his post. From some of the posts here I imagined something a little more rambling / rant like or similar to GQ interview.
To me it's not that bad? He basically saying how much they have looked out for employees £wise but they are not soft or ignoring shareholders of which he's a large one and are reducing staff numbers. The stuff about the macro and different industries being tested this year all seems quite reasonable.
US markets and the FTSE fell at the same time but the narrative became it was because of the MM post so unfortunately may take a little longer for THG to climb back.

The fall was mostly a drop in the wider market but unfortunately for mm many will correlate it with his post.

Pearls surely not though if Kelso currently has a market cap of £15 million odd and they have £2.7 million odd worth of shares (around £3 million now I guess?)
Couldn't you argue its like buying THG shares now for £2.50?

#euros rather than p

Price today is now exactly half what it was averaging for last Feb! (670p versus 1340p).

This prob isn't the best indicator to follow but can't hurt that the whey price in Netherlands has fallen another 6.94%.
Looking back on the chart for the Jan/Feb from 2017- 2022 only 2018 had a lower monthly price for these months than todays figure.
https://www.clal.it/en/index.php?section=siero_olanda

One of the Kelso investors Luke Johnson appears on tv and the media quite a lot, not that that necc means a lot but he has quite a "loud voice" - https://twitter.com/LukeJohnsonRCP?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

The times article on activists has now been edited to specify THG and darktrace:

"Several of Britain’s biggest companies came under pressure yesterday after a short-selling attack was launched and activist investors emerged with stakes.

Shares in Darktrace, the cybersecurity company, fell to fresh lows after Quintessential Capital Management, a New York hedge fund, issued a highly critical report that raised renewed questions about the company.

It also emerged that Kelso Group, the activist investor, had taken a stake in Matthew Moulding’s beauty empire THG to push for a revival of the “significantly undervalued” business.

British boardrooms were put on alert last month for a wave of investor activism after a record number of new campaigns at European companies propelled global activity to its highest level since 2018.

(talks about darktrace a bit)

"Separately, Kelso, a private equity firm formed last year to invest in UK stocks, bought a minority stake in THG. The online beauty and nutrition business has committed to selling off loss-making units to focus on core brands.

Kelso has bought a 0.4 per cent stake worth £2.725 million. It said THG’s nutrition business could be worth more than the wider group’s entire market capitalisation of about £750 million.

However, John Goold, Kelso’s chief executive, has so far stopped short of calling for a break-up of the company. He said: “We want to invest and try to help them. A lot of these companies just need a bit of help sometimes and that is what we will try and do.”

https://www.thetimes.co.uk/article/activists-up-the-pressure-on-uk-plc-9q2d7tfg0

Nice late flurry in last 10 mins on nasdaq finishing at high of day. Leaving aside the micro tomo will be interesting for the macro with the US fed decision.