RE: BlackRock selling THG shares again?8 Dec 2021 18:51
Soon, Blackrock will have sold all their shares and their name will not be mentioned here again.
I've said it before, investment banks will often sell out at a loss to show their customers they don't hold 'loser stocks'. If Blackrock customers think Blackrock hold 'loser stocks' on their behalf, Blackrock will see large outflows of funds, and they will earn lower rates of commission. To be clear, I, and plenty of others, including investment bankers who have done their research, do not think this is a 'loser stock'. But possibly a stock that when it IPO'd, was overvalued. Blackrock clearly do not see a way back to the IPO price anytime soon, so will take the hit just to get it off their books. I tend to agree that we won't see £5 any time soon, but I do believe we can be at £3.50 in a year's time.
This is where us retails can capitalise on low share prices, and to wait until sentiment to change and forecasts to be smashed.
At least Blackrock can now plow the proceeds into overvalued US stocks...