We would love to hear your thoughts about our site and services, please take our survey here.
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..
Thanks for feedback on share traded volume and shenanigans!
Looked at THG before and left alone, however bought a couple of tranches today as the situation now looks compelling. MM and Board can't turn down a £1.70 bid without firm belief that other bids will follow..
Hopefully get another concrete bid shortly, and media coverage over weekend should flush out any buyers in the wings..
Thought that the volume traded today would be much higher? 18 million shares traded out of total shares issues 1,221 million = so only 1.5% roughly...
Expected larger volume as PI's take 25% profits from yesterday's price and short sellers buy to replace borrowed shares, and reduce their risk of further offers above £1.70
I find it quite bizarre that PIs are selling at such low prices following yet more good news....
ORPH is massively derisked now with 16 contracts signed in 18 months and yet the selling into any good news continues.
I can only assume their mantra is buy high, sell low and continue complaining about CF....
My POLB freebie shares are now in my account - no doubt others also have received their shares...
I'm expecting a big price drop as the worried PIs dump their shares as soon as they can... Hopefully there will be loads of very cheap shares to hoover up for the more confident investors among us.
Nice contract win today for ORPH for next year. Keep the good news coming, Cathal.