Thg Share Discussion Threads

[senseibull] 02/11/2021 20:14

And if they havent thats a set price for the market?

[space_bob] 02/11/2021 20:12

Yes it's clear as mud whether or not they sold the lot, with some talk that Softbank bought them. Also might have seen something about them selling within 20 minutes? I guess we'll find out tomorrow.

[senseibull] 02/11/2021 20:12

It might be posturing but this on record in the FT. BlackRock's active funds bought into THG before its initial public offering. One person close to the asset manager said reducing the stake reflected "prudent risk management as the stock has fallen".The person added: "We still support management and remain invested in the company. We believe in the stock's fundamentals and there have been improvements on the governance side."

[senseibull] 02/11/2021 20:06

I think they were all sold bob? Blackrock has sold 58mln shares at a discounted price of 195p, according to a Financial Times report.The transaction reported in the press has yet to be confirmed via London's regulatory news service (RNS).

[space_bob] 02/11/2021 20:04

Hamilton, I agree it was an issue during the fall to current levels, but I don't think it is so much anymore. I'm not sure even the shorters expected it to go so low.

[senseibull] 02/11/2021 20:04

Tbf at the time I thought it was odd the share price dropped as soon as it rose to 714p on softbank news. How naive of me.Learning some life lessons here

[hamiltonengineering] 02/11/2021 20:00

space-Bob I don’t want to disillusion you but you can be 100% assured that the driver for this extraordinary fall in the share price is the shorts. The company was ripe for the taking, my only surprise is that the hit didn’t come earlier. The timing is clever, there won’t be any trading update for at least a couple of months so feeding frenzy for the shorts with zero risk of any positive news from the company in the st. My guess would be 150-160p the floor.

[gypsyfortuneteller] 02/11/2021 19:31

Let’s just say that prime brokers, prop desks and hedge funds are thick as thieves and don’t underestimate moles inside companies. If one is well connected it’s amazing what one can find out

[space_bob] 02/11/2021 19:23

So you have contacts at nine hedge funds who are giving you inside information on their undisclosed short positions. You're a well connected guy. How much lower are they expecting it to go?

[gypsyfortuneteller] 02/11/2021 19:20

No short positions. Are you kidding me? I am aware of at least 9 hedge funds each with non disclosable but significant sub 0.5pc shorts

[space_bob] 02/11/2021 19:14

There are hardly any short positions. Also the firesale only started yesterday. Sure, some people might have known about it before, but it is not behind the fall from £8.

II's do need to have some kind of risk management - unlike some RI, they won't keep hold of the lead balloon right down to the sea floor. It's not just the risk of fall in share price - there's lots of commentary implying fraudulent or underhand methods and after the issues at Wirecard, the II's are nervous. I doubt the THG link with Softbank and Akshay Naheta helps. There is a point where they will lower their exposure to try and salvage something. Blackrock have obviously reached that point, but the other II's are probably having similar discussions and that is the problem - if others start selling and try to undercut each other creating a race to the bottom.
There is no guarantee Blackrock will sell at £1.95 - there's no sign that they've sold any of it yet and usually in a firesale, buyers expect more than a 10% discount (or what is now a 0.5% discount). I think the real floor could be as painful as £1.50. Most investors who like THG, have already come in at much higher levels and been seriously burnt.

[senseibull] 02/11/2021 19:03

Would make a brilliant movie!

[senseibull] 02/11/2021 18:17

Too make matters worse for Matt Moulding he cant leave his office due to insulate britain

[senseibull] 02/11/2021 17:58

Im apprehensive about making any more price calls right now but it didnt shoot under today!The bots came back at the end though I guess. Possibly for the aftermarket buyers

[senseibull] 02/11/2021 17:44

I still think this is a short and distort attack in the absence of any financial issues.Go google it. The definition mayaswell have THG wrote next to it now

[mcmather] 02/11/2021 17:37

MM messed up by attacking the ‘shorters̵7;. But, otherwise, he / THG have responded quite well re:

‘Knows of no notifiable reason for the material share price movement’.

The removal of the special share.

The recent upbeat TS.

You then have GS and Sofina having both increased their holding.

Little of it makes any sense and which is no doubt adding to the general jitters. If Utd win tonight, this is going up tomorrow. Time for a pint; and a win...

[senseibull] 02/11/2021 17:18

Ok so those after market buys are HUGE today

[senseibull] 02/11/2021 17:17

Yeah its non binding but its 18 months from May 2021 with a potential extension for up to 6 months more. iirc anyway

[space_bob] 02/11/2021 17:06

I think the Softbank deal is a non binding time limited option - if they thought that was a realistic price, they would be buying up shares at a fraction of the price - particularly the discounted Blackrock shares. At some point they'll have to be a statement from THG about a change of plan, but every time THG make a statement, good or bad, the shares drop 20%.