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One for the total return investors - HUT Group IPO?

Discuss Stock buying Shares, tips and ideas for stock market dealing
dealtn
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Re: One for the total return investors - HUT Group IPO?

#336300

Postby dealtn » August 27th, 2020, 12:07 pm

ReallyVeryFoolish wrote:HUT Group? Known for on line retail, but the real value of this business seems to be in it's logistics platform that already has heavy hitters amongst it's client companies. A very rare technology driven opportunity, I see not entirely dissimilar to Ocado. Even better, they are a North West England based company and are creating many much needed jobs in a hard hit post industrial region. I will be buying a small stake, I think.

https://news.sky.com/story/4-5bn-float- ... l-12056992

RVF


Reading the offer document via their website, Investors section, its not clear how much the existing shareholders are selling, and how much is new money raise. Any ideas?

GrahamPlatt
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Re: One for the total return investors - HUT Group IPO?

#336335

Postby GrahamPlatt » August 27th, 2020, 1:28 pm


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Re: One for the total return investors - HUT Group IPO?

#336338

Postby Regdragon » August 27th, 2020, 1:37 pm

https://www.investegate.co.uk/hut-group ... 00072734X/

This is the RNS. It makes a change to see a good news story in UK retail.

I hold Hut Group through the Merian Chysalis Investment Trust which I bought to get exposure to unquoted companies. I’m hoping they will run with the investment a while longer.

Regards,

RD

dealtn
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Re: One for the total return investors - HUT Group IPO?

#336373

Postby dealtn » August 27th, 2020, 3:09 pm

ReallyVeryFoolish wrote:
dealtn wrote:
ReallyVeryFoolish wrote:HUT Group? Known for on line retail, but the real value of this business seems to be in it's logistics platform that already has heavy hitters amongst it's client companies. A very rare technology driven opportunity, I see not entirely dissimilar to Ocado. Even better, they are a North West England based company and are creating many much needed jobs in a hard hit post industrial region. I will be buying a small stake, I think.

https://news.sky.com/story/4-5bn-float- ... l-12056992

RVF


Reading the offer document via their website, Investors section, its not clear how much the existing shareholders are selling, and how much is new money raise. Any ideas?

Lots of information in the rather long RNS linked in another post here.

RVF


That's just an abbreviated version of the offer document on the website. All it says with respect to the current owners is "offer of existing Shares to be sold by certain existing shareholders."

So I am none the wiser who is selling, in what size, and what tie-ins, if any, apply to their remaining holdings.

It is rare I participate in primary listings now, as in practice the sellers know more about the business than the (new) buyers, and they often have a motive behind the reason they are selling. Far too may IPOs are now duds, so I want to make sure I am aligned with the sellers if possible.
Last edited by dealtn on August 27th, 2020, 3:21 pm, edited 1 time in total.

UncleEbenezer
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Re: One for the total return investors - HUT Group IPO?

#336420

Postby UncleEbenezer » August 27th, 2020, 5:54 pm

ReallyVeryFoolish wrote:It's a local business, I perhaps have more of an interest than most folks, I guess. It's extremely rare to have a successful business of any type in the area, especially one just built a brand new business campus that can support up to 10,000 jobs. I will happily out a small amount of money into the business. I cannot remember the last time the Cheshire/Manchester economy had such good news.

RVF

You have a Northern Powerhut!

Thanks for the heads-up. I may take a look, though I think actually investing is an outside chance.

UncleEbenezer
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Re: One for the total return investors - HUT Group IPO?

#336891

Postby UncleEbenezer » August 30th, 2020, 1:22 am

Some serious commentators unimpressed: https://www.thisismoney.co.uk/money/mar ... sting.html

simoan
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Re: One for the total return investors - HUT Group IPO?

#337718

Postby simoan » September 2nd, 2020, 5:38 pm

UncleEbenezer wrote:Some serious commentators unimpressed: https://www.thisismoney.co.uk/money/mar ... sting.html

Yes, there are plenty of negatives, but even setting those to one side, the free float of only 20% completely kills it for me. I never invest in companies with such a small free float under any circumstances. It will limit liquidity and mean a wide bid-offer spread for such a large market cap company. IMHO there should be a minimum free float for any IPO on the LSE and it should be much higher than 20%! A 20% equity issue tells me someone simply wants to enrich themselves without giving anything in the way of power to third party shareholders.

All the best, Si

GrahamPlatt
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Re: One for the total return investors - HUT Group IPO?

#338249

Postby GrahamPlatt » September 5th, 2020, 9:02 am


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Re: One for the total return investors - HUT Group IPO?

#341196

Postby Adamski » September 18th, 2020, 1:08 pm

The Hut Group soared on opening from 600p to 650p, on its debut this week, but now is down to 575p. Does anyone think now buying opportunity (tech company potential) or are there red flags?

dealtn
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Re: One for the total return investors - HUT Group IPO?

#341204

Postby dealtn » September 18th, 2020, 1:36 pm

Adamski wrote:The Hut Group soared on opening from 600p to 650p, on its debut this week, but now is down to 575p. Does anyone think now buying opportunity (tech company potential) or are there red flags?


Corporate Governance would be the big concern for me. That's enough in itself to take it off even my "review list" of potential investments.

monabri
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Re: One for the total return investors - HUT Group IPO?

#449753

Postby monabri » October 13th, 2021, 9:42 am

285p is the current shareprice. I think the Lemons "called" this correct.

Dod101
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Re: One for the total return investors - HUT Group IPO?

#449775

Postby Dod101 » October 13th, 2021, 11:07 am

I didn't even consider buying for the same reason as dealtn. I just do not trust these one man bands.

Dod


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