RE: Slightly odd article in the Times21 Dec 2021 22:41
The Times article needs to also tell its audience that as well as retail investors, institutional investors have been buying THG shares. Amongst others T.Rowe, Sofina and Chrysalis have been active, is it convenient to leave this information out?
Chrysalis wrote in their most recent market update ‘ Over the summer, origination into the Investment Adviser's new investment pipeline was considerably stronger than predicted, such that it has added five new investments to the portfolio since March 2021, significantly outperforming its earlier expectations. While certain follow-ons were undertaken (for example, Starling, wefox and THG), given the quality of the new investment cases, the Investment Adviser chose to prioritise this channel over the period.’ https://portfolio-adviser.com/chrysalis-managers-add-to-thg-position-after-shares-slump-by-one-fifth/
T. Rowe said ‘ THG owns The Hut Group, which operates as a multi-website online retailer that provides health, beauty, fashion, lifestyle, and marketplace services. Shares traded lower over the month despite solid earnings due to an analyst short report which drove investors to be concerned that results would be worse than expected. We think THG is a company that is just beginning to develop a differentiated enterprise e-commerce platform to help brands and retailers build a global online direct-to-consumer footprint.’
https://www.troweprice.com/literature/public/country/au/language/en/literature-type/portfolio-update/sub-type/portfolio-update?productCode=AHGE
Bank of America said (source: evening standard) ‘On Friday, analysts at Bank of America said THG’s stock looked “just too cheap” after the recent sell-off.
“We value each of the group’s three division at a higher [enterprise value] than the overall group market cap,” the bank wrote. “We believe the listing of Beauty could act as a catalyst for the shares, while the company has done [sic] good progress when it comes to governance and transparency.”’
As for the rumours, it’s not just message boards, the highly rated betaville said ‘ THG PLC, the UK-listed e-commerce company, is at the centre of speculation the company could soon be involved in a major corporate event.
People following the situation said the precise details of the transaction are unclear but suggested the "event" might include a takeover of the London-listed business led by the company's founder, Matt Moulding, or a spin off of a large division...’ http://www.betaville.co.uk/
This was followed by today’s Bloomberg story. So it’s a little more than just retail investors
Sign In
Follow the stocks
