Member Info for schlemiel

'Pressure mounted on online retailer THG after a second shareholder called for it to break up its business. Dutch asset management firm OVMK, which owns 2 per cent of the London-listed firm, has joined Kelso Group in demanding that the beauty, nutrition and commerce platforms are spun off into separate companies.

Shares in THG increased 6.6 per cent, or 5.16p, to 83.26p taking its gains for the year to nearly 90 per cent.'

https://www.thisismoney.co.uk/money/markets/article-12843117/MARKET-REPORT-Sainsburys-shares-set-best-year-1992.html

Price getting stronger

anyone got L2?

The market's picked up on OVMK news, price respomding

Https://www.businesswire.com/news/home/20231208382131/en/Statement-From-OVMK-Asset-Management-Netherlands-Regarding-the-Recent-Publications-on-THG-Plc

Statement From OVMK Asset Management Netherlands Regarding the Recent Publications on THG Plc

December 08, 2023 03:30 AM Eastern Standard Time

GOUDA, Netherlands--(BUSINESS WIRE)--Ophorst van Marwijk Kooy Vermogensbeheer N.V. (Hence: OVMK) has taken note of the press release issued by Kelso Group Holdings Plc yesterday and read the article published in The Times (published December 7th, 2023). OVMK has been a shareholder in THG Plc since December 2021 and currently owns close to 2% of the outstanding shares.

We admire the way THG Plc has evolved since the company was founded. All three underlying divisions are high-quality players in their individual niche markets and excellently positioned for further growth. We are, however, disappointed by the significant structural undervaluation of the company’s shares on the stock exchange, despite the improvements made to both the structure of the three separate entities and corporate governance. We therefore agree that this is the right time to unlock value by examining the strategic options for each of the company’s three business units to maximize value for all shareholders.

OVMK Asset Management Netherlands

Ophorst van Marwijk Kooy is a Dutch based Value Investment firm founded in 2009

Contacts

For further information please contact: info@ovmk.nl

'An investor has urged online retailer The Hut Group (THG) to break up its business. Kelso Group said it is one of many shareholders who are ‘increasingly frustrated and impatient’ at THG being severely undervalued compared to its larger global peers.

It added that the company remains at risk of being targeted by private equity predators. THG dipped 0.4 per cent. or 0.28p, to 78.1p.'

https://www.thisismoney.co.uk/money/markets/article-12838635/MARKET-REPORT-Future-shares-plunge-lowest-pandemic.html

Are mine,.

a break above 80p should see further gains

RNS

RNS

And don't forget the looming $250m debt due next year. The market needs to see news on this ie a regnotiation of terms or some other solution to address this existential threat

just be careful

'address short-term liquidity challenges '.

The company's running out of cash. My advice is to wait for another placing to come and no doubt other liquidity updates before buying more and taking up a new position. I believe a discounted placing is in the pipeline and if they can get that away then you could see a decent rally.

PFC cannot enter into contracts that do not offer a margin ie do not generate a profit. This approach is a recipe for disaster

NM

Beyond Latin America, there's plenty of optimism surrounding potential lithium development in Africa. Despite moving forward on its operations in Canada, Piedmont Lithium Inc. (NASDAQ:PLL) embarked on forging the first link of a lithium supply chain in West Africa—at the Ewoyaa lithium project in Ghana, where the company is the second-largest shareholder of the operator, Atlantic Lithium. As per the current arrangement, Piedmont owns a 9% equity interest in Atlantic Lithium, and has also exercised its option to acquire an initial 22.5% interest in Ewoyaa, subject to government approvals.

"Our investment in Ewoyaa will help alleviate potential future US supply constraints and provide crucial resources to help reduce America's dependence on foreign nations, like China," said Keith Phillips, CEO of Piedmont in an email to Bloomberg.

Atlantic Lithium expects the Ewoyaa permitting process to be finalized in H2 2024, ahead of what's being projected to produce feedstock material for another proposed 30,000 metric ton per year Tennessee-based lithium hydroxide conversion facility. Coupling the impact of work being done in Ghana with new drill results in Canada that could lead to mineral resource upgrade, Piedmont is positioning itself to contribute significantly to the global lithium supply.

Among Piedmont's offtake buyers is Tesla Inc. (NASDAQ:TSLA), which is working to develop its own lithium refining facility on the Gulf Coast of Texas. According to the company's updated timeline, construction is set to be finished next year, with expected production in 2025.

https://www.prnewswire.co.uk/news-releases/western-leaders-seeking-diverse-lithium-supplies-to-reduce-worrisome-dependence-on-china-302001752.html

Https://twitter.com/baroninvestment/status/1728703948419182756

Https://www.route-one.net/bus/centrad-unveils-drivers-guardian-monitoring-system/

Nm

Https://carbuzz.com/news/honda-sensing-360-plus-is-like-having-eyes-in-the-back-of-your-head

Honda and GM. Only the two largest automakers in the world and the price is sat at 5.5-6p like a limpet

Trucks not cars..there's more cars than trucks

Order Executed

You Bought

200,000

SEE

Seeing Machines Ltd

Price Traded

£0.059082

Total Cost

£11,820.39