Gallemore's No Fool imvho30 Jun 2023 08:30
They say in the investments world to always watch Director buys as they know more than most what is actually going on within a company. Whereas in the investment world all have different approaches to risk the same also applies to Directors within a company.
Whereas The Good Lord Allen and Matt Moulding were happy to Buy, Buy, Buy shares during the "stiff upper lip approach" and "negative narrative" to support the share price what with Jupiter selling and rampant shorting, (that prompting Moulding and the Qataris to buy out Softbank), all the whiles Tom Gallemore sat patiently and imho adaopted a more cautious approach to Risk.
Then he with his wife snapped up half a million shares, at a higher price than a lot of Matt Mouldings purchases.
But that difference in time and price gave him a lot of extra knowledge, as follows.
~ Two sets of Bids declined, 170p lowest. (Apollo I have as in the 225p to 250p range) He knows what all were priced at.
~ The Golden share has now gone.
~ Excellent Trading Update that is ahead of time.
~ Add to that first hand knowledge of Trading and further growth and expansion plans. Take Myprotein as an example.
~ Knowledge of what went on with Matt Mouldings Trip and meetings with investors in Dubai
https://www.linkedin.com/posts/matthew-moulding_middleeast-dubai-ambition-activity-7075065046711574528-oHls
~ Stiff Upper Lip approach now gone and replaced with Far better communications.
~ Combined with a lessening Negative narrative.
~ THG still looking at moving to a Premium Listing once FCA review is over.
Everyone can decide for themselves if they follow his lead, but Tom Gallemore's purchase with his wife for me is probably the most representative of them all that of an inflection point has been reached and that the tide is turning.
Against the bids and the Sum of parts the share price is still so, so cheap.
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