Member Info for Novice82

Here's the problem with Iain Mac

Either his bid was used as a stalking horse (i.e. a fake bid) or it was a genuine bid which (as per MM) "materially undervalued the company." For me, his position with the firm was untenable from this point onwards.

My gut feel is that his bid was used a stalking horse, as this would explain why MM is desperate to back him and not throw him down the river

I dont think thats true YesIm - it wasn't just PIs selling out when the Ian Mac RNS was announced. The market didnt like it all, and I don't blame them given the shenanigans associated with him since the Belerion bid.

Agree that Kelso is minor noise though

IHNC - I was being facetious mate. The change is irrelevant.

Well...at least MW dropped their short by 0.01%. Every silver lining and all that on an otherwise drab day

I share your pain PMH. It's unnerving to see a comical drop almost every single day.

Either way, we're at the mercy of MM. He'll either deliver or not.

I wouldn't read too much into Kelso tbh. Yeah, he had to fork out some money to put them back in their box, but is was akin to swatting a fly as opposed to being under genuine pressure/threatened to make changes.

Here's what Bloomberg reported as at 2nd March. Make of it what you will...

FIC Shareco: 12.35% (160.49M)

Sofina Capital: 8.89% (115.54M)

Balderton Capital: 7.46% (96.95M)

THG Employee Benefit Trust: 5.85% (75.99M)

QIA: 5.22% (67.80M)

TAA-CREF: 2.62% (34.04M)

T Rowe Price: 2.29% (29.72M)

QH OIL INVESTMENTS: 2.10% (27.35M)

WEST COAST CAPITAL: 2.03% (26.37M)

Matty: 2.97% (38.61M)

BG Kennedy 2.87% (37.25M)

61.5 was a decent level of support recently, it's gone through that now.. 60 looks under fire, hopefully it will rebound.

I know that we all get annoyed with THG with their lack of RNSs (all the good news seems to be announced via LinkedIn), but recently, every time that an RNS is issued, the share price gets smashed. The phrase "p!$s up in a brewery comes to mind here."

It's embarrassing really. Lower daily lows constantly being hit. Not a peep out of the BOD since the ill-fated RNS in Jan.

Last time it seemed to bounce off 61.5 to 69, but I'm not so sure this time.

Out of interest, for those of you who recently contacted THG IR, are you still awaiting responses?

Looks like it's a single trade Ste...one of those 3 200k trades is a cancellation of the previous one.

Dont be silly. There would have been a lot more volume and a bigger increase if that was the case.

Err...look again. No selloff here (famous last words)..large 180k trade at 67.66 has pushed it higher

61.58 UT. Spends most of the day recovering and then drops lower than yesterday's close. You gotta laugh really

Sund - we've been saying for years now. MW have made plenty of money shorting THG. Even if a T/O came in now, they are hardly over-exposed @ 0.73%. They seem to be able to time their entries and exits annoyingly well!

TBH I no longer care about "shorts burning in hell" and all that anymore. Frankly, they have been proven right since listing. I would like to see mgmt actually take visible steps to improve shareholder value rather than depending on opportune bids to drive the price up. The same opportune bids which they turn down without informing smaller shareholders of the details.

One thing I will say though is that Marshall Wace couldn't have timed adding to their short any better.

I haven't been too bothered about the other shorters like Sytematica or Qube, but when MW poked their head above the parapet again. it did get my attention.

Whilst I'm sure MW have made their fair share of bad calls, they same to time their shorts with THG almost perfectly every time. I'm just glad that they haven't added further yet. They were up to 1.50% at one point in Apr 23

Just had a look at your previous posts JW.

Comments such as "MMs are short of stock," "NT to buy" " shorts panicking bigtime" tells me all I need to know about you.

In the bin you go

61.62 UT. Treading water at best.

Here it comes...

Bids been hit at 62.72 (498k). Who could that be I wonder....

A bid of 490k shares at 62.5 has just popped up. Interesting.....

Unfortunately agree. No support at all, no real volume either.

The only thing that can save it (temporarily) will be another unsolicited, highly preliminary, non-binding, offer for the firm at an undisclosed price. Even then, I'm slightly worried that the market won't buy into it this time, boy who cried wolf and all that.

Looks like we are left waiting for the long term and are reliant on Matt and Co to continue to trade their way out of this situation.