RE: THG Nutrition now in ASDA26 Feb 2023 12:35
Apologies, don't look in much, but huge news as an investor.
Matthew has bought £40million worth of shares maybe more at a ridiculously low price, probably never ever thought of it in his wildest dreams! And Chairman, and most importantly QIA at low low prices, I bet also they can't believe it.
QIA originally bought in at IPO, business has doubled since, they then got another 80million shares at a 93% discount. Incredible.
Happy to hold until the inevitable major corporate activity which Kelso will help to unlock, no doubt.
(Even some AIM companies at 1x revenue, THG at 0.3x, totally nonsensical)
Remember the same 10-15% of the float is going through the wash, this does not represent the real valuation of the company. I think between Matthew, Softbank, Sofina and QIA, atleast 50% is permanently locked up, with just the 4 of them, then we have the rest.
One thing iv learnt, be very greedy when others are fearful, monthly top ups at knock down prices, suits me just fine.