Member Info for itisagame

Every owner / operator of a company that IPOs goes through the same adjustment. It’s not his company anymore, but he still see it as his. From Phil at Nike to Elon at Tesla, to Jack at Twitter, even James at Amigo (who also lost a billion quid in a short term after listing)

The guy is nearly a billion quid down on paper from the highs, in a couple of months.

I do wonder if Matt has overspent in his personal life in the meantime and has now financially over exposed himself on a personal level. If he has he can always sell the buildings to THG, buildings that should have been owned by thg to start with been as they paid for them.

Think of the accounting profit,
Issue 120m shares for $1b at £5.96
ReBuy 120m shares at £2-£3 from black rock and anyone else selling
net the £350m-£475m profit on the books?
fund with company cash or a loan repaid with proceeds from Beauty IPO?

Equivalent to Matt regaining another 1.5%, he screws every short, makes every other share worth more, rebuilds confidence and puts cash in the pockets of large II prior to Beauty IPO?

borrow some cash and do some share buy backs, recoup the share price while Matt and friends gain more control, net the profit against the shares sold at £5-£5.96 then repay the debt when beauty floats and the company is swimming in IPO money.

no chance of him selling if he wants to retain any control or the possibility of taking it private.

bit disappointed they didnt ask about his bonus.

"pretty poor close - 13p above all time low. Ready for a fall on Monday!"

today you would have recouped ~£10k of that £150k punt you held for a day, cant complain about that at all..... unless .....you went short with that same pot and lost ~£10k with the rise instead?

Look forward to Monday, Have a nice weekend all :)

Surprise surprise, Nice lift today. :)

The benefit of viewing a non-deletable post history.

28/10/2021
“keep quoting and wasting your time. I like bargains... this is one...”
“just want the shares cheap. Look like they are cheap.”
“Good company - growing rapidly. Have bought £150k.”

“ RE: Sold out01 Nov 2021 10:50
The share price shows no faith in this company. The owner is a used car sales man - plenty of guff and sadly nothing to show for it. Margins arent being published - why not - because its loss making. Could this be the fastest bankruptcy in hsitory - looking that way.”

“
This is worse than Quindell - he has treated the company as if the shareholders dont matter.... uninvestible - junk status shares I am afraid.”

yea, maybe they should try do something like a capital markets day ;)

churn churn churn then boom.

Well.. that was a trading day id rather forget, on wards and upwards .

Would have preferred to see the company buy them and book the £230m profit.

Goldman was buying at £2.40 last week and £2.80-£3 the week before, would love an rns in the morning saying it was done at a premium to close. Don’t get many chances to buy that many shares near rock bottom prices.

£7m *

Did sofina buy that 7m shares from the open market?

quick Matt get the personal or company cheque book out before softbank does, if softbank beat you they could average down to ~£4.45 That would be a great first move from the new non exec.

Well spotted so here is an actual reason for the drop.

as others have said they could have sold some already / will use the stock to close open shorts / hedges etc.
It gets cleared and the price moves on its own as the low lying fruit is taken up.

Sofina put another £7m in last week at ~£2.40
On top of the $85m they put in earlier in the year at £5.96
SoftBank are still here after putting $730m in at £5.96.
Director buys at £2.96
Goldman buying 2% back at £3

Not far off Half the price of what sb will potentially be buying the rest at.
“ THG has granted SBM a call option, exercisable by way of a $1.6bn primary shares subscription for THG Ingenuity equity, giving rise to a 19.9% interest in THG Ingenuity (the "Option"). The Option attributes to THG Ingenuity an enterprise value of $6.3 billion (£4.5 billion).”

Much bigger fish buying here than the plankton that we PI are, the ramps and deramps will have no long term effect.

All technically are and should have been taken as positives, but you can’t please every person :)

The only negative has been the share price decline.

29th Oct 2021 TR-1: Notification of Major Holdings
27th Oct 2021 TR-1: Notification of Major Holdings
26th Oct 2021 Third quarter trading statement
25th Oct 2021 TR-1: Notification of Major Holdings
20th Oct 2021 Share Pledge Release
19th Oct 2021 TR-1: Notification of Major Holdings
18th Oct 2021 Removal of the Special Share
15th Oct 2021 TR-1: Notification of Major Holdings
15th Oct 2021 TR-1: Notification of Major Holdings
13th Oct 2021 Director/PDMR Shareholding
13th Oct 2021 Statement regarding share price movement
12th Oct 2021 Notice of CME and 2030 Sustainability Strategy

Annoyingly even if he did the shorts would just say thank you and reload new positions at higher prices and set the algos up for round 3, with any rise likely being temporary

Yea you can, shares get used as security against new loans all the time, it works great until it doesn’t.

It’s an possible option, but unlikely and I wasn’t being serious :)

I’m sure no one would mind if Matt did the opposite and used the current value of that £830m as security against a loan to buy a ton more from the open market.