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Agree with you - Some must be daft dumping 100k blocks below 14p...
I'm expecting Director buys to be reported over the next 2 days - this should support price at or above current level.
Actually its not tanking - since the Belerion bid, the share price has been down as low as 130p and as high as 160p.
ATs are bouncing the price round each day so Funds can pick up cheap shares, sell them higher - then rinse and repeat each day....
You can see that in the many Fund RNSs, where they show the shares bought / sold each day in addition to any significant amounts they hold.
Its just a game, until a higher bidder comes in...
Its not true according to the BBC today - see below taken from today's website:
"Total retail sales in May declined by 1.1% compared to May 2021.
That was a sharper slowdown than in April, when BRC figures showed a fall of 0.3% compared to April 2021.
Sales of clothing, footwear and accessories, including in fashion and beauty, rose, as people prepared for holidays and summer social occasions, including the Jubilee.
But consumers were not buying bigger ticket items, such as furniture and electronics, the BRC said, as it published its latest monthly data, which it collects from the UK's medium and larger retailers.
Does anyone understand why a fund would hold 1.20% interests in long derivatives and 1.20% in short derivatives??
How can they gain if a bid comes in OR if a bid doesn't materialise and share price slips back to 120p?
I really don't understand ...
Loads of these funds speak with forked tongues! When they say buy gold, they are selling and vice versa,
They are not on your side - their job is to liberate as much private investor cash as possible, and fill their own boots..
Ask the question, who benefits from any fund FUD advice????
Big trades going through - this RNS is perfect opportunity for the big sellers to get out on good news and more buyers = more liquidity.
Perfect for holders, as once they are done, the share price can kick onwards...
I'm expecting Richard Griffiths to take further shares over the next week or so, and add to his 1.6% position..
Its clear that other funds shorting THG are either closing or reducing their shorts and increasing their long CFDs.
Short squeeze coming soon??
I'm hoping whoever is dumping 100k blocks whenever the bid rises, will soon be out....
This is principally what is holding the share price back, along with low daily volumes.
Saying that, its a good opportunity for the more canny buyers to get in at a low level..
Negative article by IG - surely they wouldn't be part of the same conspiracy of media outlets trying to ensure that the price of THG is kept low by pushing the same old negative drivel, such that the company can be bought out cheaply OR the shorters can keep driving the share price into the ground..!!
LOL Rich
Agreed, frustratingly cheap fundraise at 25p. No doubt a few PIs who bought in on Simon Thompson's recommendation in IC "buy at 31p" recently, may have bailed this morning as down 20%.
However, nothings really changed here - still 4 companies in play and the potential is huge.
I'm expecting share price to move back to 30's in the next few days and have added some more this morning at 25.89p, which I consider to be a bargain.
Clearly the funds are trying to keep a lid on the share price and drive it down, where possible to either a) Reduce their short position or b) Increase their holding.
Price driven down today 4.1% to 139.05p, then big buys after hours eg. 2.6m shares at 142.4673p.
Market makers will open share price up tomorrow slightly (assuming no takeover RNS) and funds will continue to drive price down whilst picking up cheap shares. Its not rocket science!
I'm happy to hold and see where this goes...
I don't know how the shorters sleep at night? Can you imagine holding a big short here, then each morning opening up the RNS list at 0700 hrs , worrying that there will be a bid of £2.50 or above......frightening!!!!
Absolutely - funds driving share price down with ATs, then will pick up loads of cheap shares after the close.
Market makers open it higher for them again in the morning to rinse and repeat.
Just needs 1 RNS with a higher takeover offer for the share price to fly...wouldn't want to be shorting it when this lands.
Near the bottom here at 4.2p, with bigger buyers hoovering up these cheap shares.
I'd have thought within a few days that all trading platforms will have received the free shares and distributed them...
Hopefully not too many more PIs dumping their shares, and we should see the share price start to recover..