Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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?
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
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.
Crafty - by constantly posting "Come on Matt, let's get the deals done" doesn't mean much unfortunately. If the deals haven't happened yet (and the SP is constantly dropping) you need to ask yourself why that is.
I applaud your optimism however and sincerely hope that you are right.
Crafty - this is why I have a problem with "breadcrumbs." MM has been spraying these breadcrumbs for the past 2 years and and thus far, that's all we have to show for it - stale breadcrumbs, not the pie.
There's no support in the stock price because there are no real buyers. The reason for that is that they don't believe in the company's prospects.
It's been well documented by MM (and also Vivek more recently that ) that people don't understand Ingenuity - that was the main excuse given for the capital markets day disaster a few years ago.
I would argue that this is not accurate. Investors DO understand Ingenuity - they just don't buy that it will become a revolutionary success story.
If they truly don't understand Ingenuity by now, whose fault is that exactly? Its not theirs.
Crafty - I don't dispute the evidence you've provided, but frankly, I'll believe it when I see it.
He has form for not delivering on what he says, that much is obvious.
I'd say its favorite. Whilst he likes to portray that he is fully in control (and constantly lambasts the UK exchange) he is still hanging around despite having his pants pulled time multiple times. That's not a man in control, that's a petulant child who keeps throwing his toys out of this pram.
I know - there was definite buying pressure this morning.
The problem is that it seems somewhat anticipated (hence the offer side gets loaded up) almost as if the exchange knows that it will be able to chip away the bid with minimal resistance across the afternoon. Yawn.