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  1. #3961
    Speedy Az winner69's Avatar
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    Not much love for thl these days as share price sitsxatv318

    About the same as when they announced Apollo merger

    I hear there’s a tourism boom underway

    Reminds of the joke of many years ago in that the thl share price is negatively correlated to number of tourists ……might be going back to that trend
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #3962
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    Yesterday a Substantial Product Holder notice was filled by the Trouchet Family detailing the sale of nearly 2 million shares on 20 March. The Trouchet’s were the founders of Apollo and received 28.7 million THL shares as part of the merger. The agreed escrow restrictions were that they had to keep 90% of shares until 30 November 2023 and 50% of the shares until 30 November 2024 (unless THL agreed to waive). With a sell down now having commenced, there is a significant overhang of shares which will undermine the THL share price until the sell down is completed (noting it will take time given the 50% restriction until 30 November 2024) or there is some explicit statement from the Trouchet’s that they are committed long term holders for their remaining shareholding.

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