Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Ah the irony in the whole situation.
MM wants a higher share price saying is undervalued.
The only real big catalyst for that is the potential buy out possibility.
He has pretty much said #nothanks to that so the only other option is for THG to start smashing its targets. Is that likely to happen in this current climate + a history of under delivering?
I stay in this share because I feel it’s undervalued, not as a functioning business but it’s sum of parts. I will hold into sept and hope the golden share expires and kick starts some bid action once again. If they can start delivering on the promises, ie premium listing, cash flow neutral, landing a whale then I will feel more comfortable in the long term prospects of the business and that the share price will deliver natural growth based on performance.
There is also a MASSIVE risk to this share purely on MM spouting something he should not in one of his outbursts. I don’t believe anything positive he writes about THG has any material impact on the SP, but I feel anything even slightly negative will hit the SP hard.
Just my thoughts.
As one of the special 14 I’ll let you all in on the major news.
Basically, what Sofina said was the share price of THG may go up or there is a chance is May go down. Sometimes when a share moves sideways the trend is the same a tree falling in the forest. If a tree falls in the forest and there is nobody there to hear it, does it make a sound? The point being THG is a company you can buy shares in.
Hope this helps everyone with their investment choices. I felt it necessary to post as it’s unfair the 14 of us would have such detailed information.
You also need to add in that MM is far wealthier than any of us could dream to be. He’s making absolute bank in rent which means he is working only for the fun of it. Unless he starts spending like a lunatic buying yachts and private jets, he doesn’t need or want the money. So he’s rather keep playing with the car as a hobby so maybe one day he will become the worlds greatest classic car enthusiast. Legacy and the enjoyment of being head of a business comes first, there only so much money you can spend right?
If he had taken anywhere close to £2.50 I’d now be debt free and shopping for a new Porsche. Instead I’m looking at my brokerage account at a tasty loss. So thanks MM for that 👍🏼
Literally cannot believe we are back in this position at nearly the same time as last year!
From what I’ve read of MM’s post, like others have suggested, seems like he let the shareholders down on keeping control not the price. I don’t want anyone to lose money but I’m hoping this continues to drop as I think we will be see fireworks again come September with the golden share expiration and would be great to load up in the 50s.
This is clearly a great business, if Apollo was happy to pay a large premium for it to take it off the market then it is obviously undervalued. Will be interesting to see if any of the shorts start to reload, especially after MM’s outbursts of late.
That’s not strictly true. If you look at last years bid the SP started to drop rapidly several days before an official RNS was put out. I know it’s a different situation with different bidders etc but if we go on past experience of this share and bids then you will be massively behind waiting for an official statement
I think the main takeaway from this happening though is making sure everyone has only what they are willing to lose invested. If an RNS comes out that there is no deal, like the previous year, then we can confidently predict a 30% drop judging by today! I cut my position today selling for 110. Might be a mistake but see it as a win win, the deal goes through I make money, it doesn’t and drops, I can buy back in lower. Can’t go through another failed bid and ending up -65% again!!