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Last 4 days very large buys were going through
It will be interesting if softbank starts to increase holding now and I don't see why not!
"The company formerly known as The Hut Group, which owns a range of internet health and beauty retailers, secured $730m (£610m) of new investment from a division of SoftBank to help fund expansion of its technology platform a few months before it listed in London.
The deal included an option to invest £900m within 15 months to take a near 20% stake in Ingenuity, THG’s online retail services division which offers packages from web hosting to delivery for brands such as Homebase, Unilever and Danone. The deal would have put a £4.5bn valuation on that division alone, which at the time made up less than 1% of THG’s turnover.
Obviously softbank likes THG and have 8% now why would they want to pay 1.6billion dollars for 19.99% just in thg ingenuity when the whole company is valued under 1billion, I would not be surprised they come out with a bid, it makes sense
Sharecast News) - THG was under the cosh on Tuesday after the ecommerce group said that it and SoftBank have called off a long-standing agreement for the Japanese conglomerate to buy a stake in the company for £1.1bn.
Last year, SB Management- a division of Softbank - invested $730m in THG through a placing, giving it a stake of around 8%. At the same time, THG agreed to grant SB a call option to buy a 19.9% stake in THG Ingenuity, the technology division, for $1.6bn.
However, THG said on Tuesday that the agreement has been terminated by mutual agreement "in light of global macroeconomic conditions".
At 1550 BST, the shares were down 4%
They got some kind of plan
"THG PLC ("THG") announces that it has completed the internal separation of its key trading divisions which, as previously announced, simplifies THG's corporate divisional structures and provides it with material optionality and flexibility to enter into future strategic partnerships to generate value accretion for its stakeholders.
That is a large buy 250k shares