It’s a really strange one, Blackwater dispose of 55m shares at £1.95, yet they still hold between 25m and 60m shares (hard to get an accurate figure as filings don’t seem current), but they had 116m in mid October.
Surely if you’d lost all faith you would dump the lot.
As a (very, very) slight positive they’ve found another Institutional Investor that thinks they are still worth £1.95 each. That we have to hope, will put a floor under the price.
I’m fairly annoyed that we have heard nothing from the company directors, though each time they have come out its only made the price worse. But even to personally purchase a couple of hundred thousand shares at this low price (-75% ytd)
No other option now but to hunker down and await next company update (1st Dec I think) and hope for a bumper Xmas trading period.
Just another note, the early, pre IPO investors (Blackwater etc) were barred from selling their shares until September 16th 2021, which was roughly when the mass sell-off began.
The whole thing just seems odd, I get that investors have lost faith in the management but this is still founder lead and has grown phenomenally - all cannot be lost. Cancel the proposed spin out of the three business and get to work earning back trust from the market.
What I think we need to see from here for any chance of a resurrection in the share price.
Some sort of statement from the board with regard to the Blackrock share sale and recent share price decline. A share purchase by one or more directors would also be welcome.
Appointment of credible independent Chairman.
Positive update early Dec on trading and on track to meet full year guidance.
Existing Institutional Investors increasing their shareholdings at these rock bottom prices.
Q4/Full Year results meeting/exceeding guidance.
Lots of seperate detail in full year results on Ingenuity’s 400+ websites. Recurring revenue, margins etc.
Yeah @Stav a headhunter ia apparently on the case for a new Independent Chairman.
As for £2.25 @ close tomorrow, I wish mate.
Would love to see it but still a large volume of shares selling, over 16m today vs daily avg of 4m.
I’m bracing myself for a period of £1.76 - £2.10 until some of the issues above are resolved.
I’ve picked £1.76 as my low point as I’m calling that book value and £2.10 on the upside as there doesn’t seem to be enough confidence at the moment to push beyond this.
Unbelievable to think this company was valued at £8.3bn only two months ago, and now has a value of £2.4bn and the only material fact that has changed was a Positive Q3 set of Results.
It seems like the doom clouds may be starting to lift from THG.
First we had a RNS release yesterday that Goldman Sachs that handled the sale of Blackrocks 55m shares had purchased 10m of those shares taking their holding to 50m.
This morning we had another notification that 2 directors had purchased 32,000 and 25,000 shares.
The Cult Beauty App has now also been launched.
On the slightly negative side the shares have been downgraded to neutral from overweight at JPM.
Nett result shares currently trading @ 206p up 5% on yesterday’s close.
Hey I wrote up a deep dive on The Hut Group. I went back through all 5 years of their annual reports and went super deep into them If you want to see my personal opinion on the company check it out.
Another great article but I do have 1 question Why call yourself Beatrice here and Brandon there? If you want to promote your views and have 2 very different personas it is confusing. When I bought a coffee and Burrito for the last article it took me a while to realise that it was you when I got the receipt.
T.Rowe Price have increased their postion in this stock to just over 5% now . Few days old like bought on the 8th. Originally they had a 2.91% position. As more and more of the big boys buy in maybe we can start climbing back up.
As this keeps dropping I feel like I need to keep working -10%, I can see this being taken private again given the discount to IPO it is now trading at.
to the 
I wrote up a deep dive on The Hut Group. I went back through all 5 years of their annual reports and went super deep into them 
If you want to see my personal opinion on the company check it out.
