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"I’ll start giving serious credence to the thought that someone Boohoo related may have shagged your wife."
You might find the real truth if you ask your dad, how you were
This is a rot specific to Jupiter and it's Tech stocks
The US Tech stocks have been just fine over the last month ie. MSFT AMZN Goog but Jupiter owned tech stocks
Boo, THG and Revolution have had a forced seller.
""Secondly, the Jupiter fund isn't a tech fund, its a UK small and mid cap growth fund? Do you know what one of these is, given your supposed investment focus is Primark.""
Oh lord I always have to do the work for you guys
Top investments for Jupiter mid cap are Booho, THG and Chrysalis According to Dan90 Boo and THG are tech companies Chrysalis investments are all digital ivnestments, Despite me giving you the link below you did not care to read it
https://www.chrysalisinvestments.co.uk/investor-relations/ Read it
""Thirdly, the fund is trading towards the higher end of its last 12 month range and was actually up on Friday.""
The run has just started, what you will find is that Chrysalis will be less affected than the mutual fund jupiter mid cap but it will be affected.
Boohoo Group PLC
Chrysalis Investments Ltd
Revolution Beauty Group PLC
"They made a loss and its valued at 3.5 billion. Unbelievable ponzi scheme. Worse than cyrpto!"
It's worse than that, Jupiter has shareholding in Revolution and THG, so they ask Revolution to buy THG's Ingenuity product and then Revolution CEO comes on the THG capital markets and claims THG are magic and nobody sees any conflict of interest in this dealing. It's amazing. :)
Next Softbank comes in and pays THG 730m, saying hey take this money buy all the products from 9 of our Tech investments. These Tech companies are about to go IPO, so they show THG as their customers example Autostore which is due to be listed in Norway/OSLO. So Softbank shows Autostore has lots of customers by paying THG to buy Autostore products. Then Softbank makes money off Autostore listing and then softbank pours more money in THG for THG to buy more software from more of it's investments and all seems amazing for all of Sofbanks investments and all the investments that need to be IPO
Amazing Ponzi scheme.
"you can buy ingenuity out of box so for Rev US and Aus sites set up along with complete fulfilment and delivery in 2/ 3 months"
Mate this is all making sense to me :)
Jupiter owns 10% of Boohoo, 7% of THG and 18% of Revolution
Jupiter have asked the CEO Revolution to talk about a few good words about THG, you don't see any conflicts of interest?
You also don't see any conflicts of interest when Softbank pays THG 730m and asks them integrate with 9 of their tech investments just before they go to the market with an IPO :)
When the tide turns that's when you know who is swimming naked.
You are soo bullish on THG and yet you don't see it as lowering barriers to entry for your other investments i.e. ASOS and Boohoo.
The revolution CEO says "Partnering with Ingenuity lets a focus on our consumer", good any designer from Boohoo and ASOS can start focusing on their own consumer segment and go live faster than Boohoo and ASOS with their products in US, Australia etc.
Your investment strategy is incoherent.
If you do believe in ingenuity you should be worried about your Boohoo and ASOS investments, barriers to entry according to you have just been lowered by Ingenuity
As for my thoughts on Ingenuity there are a dime a dozen US providers like Ingenuity with complete integrated solutions from ecommerce, merchandising, order amangement, warehouse mgmt, payments etc
Those other providers migt not have one or two of the boxes that Ingenuity shows but likewise the other providers might have one or two boxes that ingenuity does not show.
The bottomline from all this is that there is already lots of competition for THG and it is only goign to get tougher
The boards of Coke and Nestle are not going to allow them to be slaves of THG, they should be building their own IP and capability
If Coke and Nestle make a success of THG, then any small brand tom, dick and harry plan can do the same and compete with them.
"they have the duty of adding all material information to the admission document"
And is what the FT article is saying
All the investment bankers have a vested interest in taking the commission. On top of that these investment banks have not track record in Technology so they cannot possibly understand the durable competitive advantage of any supposed Tech company like THG.
THG again is not a Tech company, Moulding has no background in Tech they are simply taking all of the Softbanks 9 tech investments and integrating them. THG has been given 730m by Softbank for being customers of their tech investments which THG is tryign to integrate.
“” good/visionary managers surround themselves with experts in the individual fields. ””
That is what you hope. Note that most of these managers don’t actually do their own research they depend on external research providers
Do you have any concrete proof that they actually took serious advice from people who know what they are talking about? I know SoftBank takes serious advice from serious people and have good people with serious tech background
I don’t think Jupiter does any of that
Richard Watts and Nick Williamson of Jupiter midcap and Chrysalis
Just read their background and one cannot see any tech background
When softbank invests in Tech companies they put in a Techy with serious Tech background something like 10 years work experience with google and Masters in computer science from MIT
These two guys from Jupiter don't have a clue about what they are doing they are economics graduates :)
Look at their portfolio https://www.chrysalisinvestments.co.uk/investor-relations/
Roof will be coming off their returns history very soon as investors start to take money off the table.
Shocking how these guys are being allowed to run these portfolio
UK has a serious problem with talent, these guys are a joke
It's Neil Woodford all over again
Boohoo and THG don't have any large short positions so do not expect any kind of short squeeze or bump in share price.
Unlike your name you are really inexperienced.
Jupiter currently holds 10% of Boohoo when there is a run on the mutual fund then they become forced sellers of the underlying stocks.
Exactly the same thing happened to Neil Woodfords fund
2 DAYS AGO
Ingenuity isn’t working as it’s over priced! They quoted our company and the cost of re-platforming just didn’t add up! It was absolutely daft the quotation they gave us! Also there is something off putting about having your eggs all in one basket as once you’ve re-platformed they’ve got you by the short and curlys when it comes to renewing and it’s hard to contract around that! So not surprised Ingenuity is not converting into a good revenue stream as a product!
So the banks that floated it cannot answer fairly straightforward questions about its business model and profitability. Combined with a collusion deal that allowed investors to exit far sooner than normal… doesn’t seem shady at all
Jupiter's biggest holdings were Boohoo and THG and they have fallen more than half.
Jupiter's fund manager Richard Watts has no Technology background and yet tries to invest in companies which are supposedly Techy businesses. I think he doesn't have a clue, these are not Technology businesses.
I have already talked about Boohoo not being a Tech business but merely a system integrator with no moat.
Now I found out from FT article yesterday that even THG does not have it's own technology, it's just using technology from 9 companies that are in turn backed by Softbank and Softbank in turn have given THG 730m to invest in the Tech of these 9 companies so that they can be listed in various exchanges around the world
What a ponzi scheme.
Have a look at my research following fT article on THG https://www.lse.co.uk/ShareChat.asp?ShareTicker=THG&share=Thg-Plc&thread=CBE5636D-2D0B-4120-BBA6-A3946D602793
Just some background to Son from Softbank, his only great achievement has been gambling on Alibaba 20m which turned to 100bn at peak
He has lost most notably in Wirecard and Wework
Softbank invested $730m in May
SoftBank executive told the FT. “I don’t know why analysts are assuming anything about the option being mandatory. It never was.”
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SoftBank’s investment — which is now deeply underwater following the share price slide — was spearheaded by Akshay Naheta, a former Deutsche Bank trader who masterminded the Japanese group’s intricate $1bn bet on the technology company Wirecard before its collapse in a fraud scandal.
So this guy Akshay sets he right precedence for doom
After the financial investment, THG announced that nine SoftBank-backed companies were “partnering” with Ingenuity. Warehouse robotics group AutoStore is powering a new automated “retrieval solution” in Manchester, for example.
However, AutoStore, which is in the process of listing on the Oslo Stock Exchange, describes THG simply as a “customer” and a person close to the matter said all material partners were described as such in the IPO prospectus.
So in my understand Softbanks modus operandi is we give you $730m you i.e. THG invest that money in the 9 softbank backed companies. Softbank backed companies then get valued on the basis of these companies/contracts like with THG giving money to Autostore as genuince customers to get a stock market listing. Softbank then makes money of this listing and then keeps giving money to others like THG and the cycle repeats. All very well the nascent, unproven business model of companies like THG fails and companies like Autostore also lose revenue and innocent money of retail investors get shafted.
FT also talks about failed attempt by Moulding to list in 2010 due to falsified documents. This guy Moulding looks like a wheeler and deeler not the typical Harvard or Stanford dropout techy
FT also points out the fact that only 0.7% of the company is short so why is Moulding calling it a short attack?
FT point out that Moulding Citigroups Philip Drury was a flatmate of Moulding and was involved in floatation
I did some research and found out that this Citigroup guy also does not have any Tech brackground
I had raised concern about THG in September on Boohoo board when Dan90 seemed be saying he was a big fan of the company
Very scathing article
Richard Watts from Jupiter seems to be going where Neil Woodford went along with Antony Bolton
Apparently Richard Watts has been investing in THG since 2017
He has been able to do this without any knowhow or experience in Technology
Citigroup’s Philip Drury another guy who has been friends with Moulding for a long time also help float the business
SoftBank also held shares in wirecard and we work before they went to zero
SoftBanks only accomplishment was it’s share in alibaba, besides that it’s only been in fraudulent companies
FT reported yesterday that SoftBank poured money in the hut group so that it can in turn become a customer of 9 of SoftBank investment some of them will go to IPO o sighting the hut group as their customer
What a Ponzi scheme that SoftBank runs
"I think a new BH (or Primark !!!) Crimbo Dress will come before a KFC for Glamour Girl."
Rag, Maybe, I don't meat or know many glamour girls, so don't know. But we all you, me, pmoran and Dan all agree that cost of living crisis is coming. In these stagflatory environments consumers trade down and find value brands to spend their wonga. If you look at ABF annual reports from 2009-2012 they mentioned this phenomenon. People traded down from Restaurants to picking up Pathaks from the grocers and make your own. They will be doing that in clothing too and Primark was the only option in first half of last decade for the youth of Spain who had 80% unemployment.
High inflation, low growth is going to hit very hard in the coming years and I don't think online provides the value that people will be looking for.
But good luck with your thesis.
"give some consideration to having more than one share in your own portfolio"
That is the benefit of buying a conglomerate in essentials of food and clothing, it's less of a risk, especially when one trusts the promoting family.
"tomorrow to make sure they get the last of the cheap shares before this starts to move north again"
From experience T Rowe only buy on the way down, which is the way Meditor bought carpetright on the way down before taking it private and shafting the retail investors via a court order.
"The Competition Authorities would have something to say (not to forget the competitors wanting a fair market for customers ) if Boohoo, ASOS and Zalando wanted to join up... dont you think ?"
Competition laws are generally not applicable to online businesses in my experience, they will just say look we still have less market share than Primark/Inditex/H&M
Facebook mopped up instagram, and whatsapp to become a monopoly in social media nobody raised a finger.