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Apologies. I meant premium listing rather than main market. For some reason I thought THG were on AIM!
Good question, Mad gave up his golden share over a year ago now - nothing stopped them from making move to premium immediately after. So it would have been part of FTSE250 and had corresponding index buys for at least a year. It's worse than that though - as they actually first promised move to premium in 2021.
The thing is aside from the initial boost it would have had from trackers, worth bearing in mind that if/when it does happen the algorithmic buys/sells that will follow won't alone come to the rescue of the share price. See how Asos still getting wrecked after making same move, how FTSE250 didn't help Yougov the other day etc. Trackers will only reflect how it performs naturally, whether up or down.
The company will have to trade its way out of this.
Could be all sorts of reasons. Cost. Red Tape. Time to be moved etc etc.
If the FCA review means that THG may automatically be transferred to main market or equivalent then why bother putting resources into moving prior to the review being published?
Costs maybe Pearls?
"UK listing regime review
The FCA's listing regime review is expected to conclude shortly. As previously indicated, the Board will analyse the outcome of the FCA's review following its conclusion and assess transferring to the single listing category of Equity Shares (commercial companies)."
What I simply do not understand is why the company is still dragging its heels over moving its listing. What is currently gained by not being on the main indexes? Why bother waiting for the FCA to conclude its review - after MM no longer has his golden share, so what is the actual reason they do not immediately move to the premier listing?
Everything points to the decision on this being made in July, but I really do not understand why such a meal has been made over this, and continues to be made over something that, let's face it, most other companies already understand and have no issue about???? What am I missing here?
I think that's the problem. No number given for the sale of lux, so it appears THG is a shrinking company. Clearly it was sold at a giveaway price otherwise we would know, however, this will most likely come out later when accounts are published.
-£43m in revenue is coinciding with a SP decline because THG is now seen as less valuable. Revenue is still important even for a loss making division and many companies are valued on a x times revenue not x times profits. THG have reduced losses and costs by letting a division go but until the value of this comes through it will not help the SP.
Streamlining the operation is good imo as long as the savings are demonstrated and there is growth in the core business from diverting the resources used on lux.
Granted, the tie up with Frasers may well generate good income at low cost, but until we see the numbers on this partnership it cannot be priced into the SP.
So for me the results of this deal won't be seen for a while at which time the value of this action may be recognised.
nothing said on here has any effect on the share price, this is nothing more than a chat board for ****ging each other. long may it continue.. 😆 🤣 😂
Usual FUD on here, hopefully investors see it for what it is, which is just manipulative posting, probably after a cheaper entry point.
Debt is in fact not an issue - THG refinanced a couple of months ago, cash flow is positive in 2024, so debt trajectory/serviceability is favourable, and interest rates are coming down. Red herring.
Yesterday was a great day IMO for LTH’s. CA/MA fully backed by long term II’s. The “bag of spanners” narrative is just that, a narrative from traders. The big investors, the ones with £100ms at stake, continue to back the plan.
Frasers partnership full of promise, in exchange for a non core business in Coggles. Win/Win.
Looking forward to more positive news, and of course, a move away from the standard listing which should change the nature of the game here once and for all.
You nutter you bought £20K THG Shares 6 weeks ago when MM was in charge and said there was upside :)
You nutter you bought £20K THG Shares 6 weeks ago when MM was in charge and said there was upside :)
Thats easy Crafty - things change and in THG's case for the worse.
The wild card here is MM - he might come up with another sp enhancing wheeze like Apollo or Candy or the fairies at the end of his gardens rainbow. Otherwise what we see is managed decline and thats in the face of similar companies (Beauty at least) having it away.
Any how got to go, off to Iceland to do some empirical research on MyProtein in the freezer cabinets.
LOL's
@Crowman - if you were genuine, you would now be buying another tranche. There is nothing in recent times to suggest anything has negatively changed in terms of the business structure or its prospects, in fact, there is a steady flow of good (not great) news, from insiders buying to the deal with Fraser's and the re-iteration of guidance. I know it is not your intent to be taken seriously on here but for your comments to have any impact at all, you must at least appear to have a couple of brain cells.
101, 'wake up call for the Board' .
I think they are all too busy patting each other on the back for keeping the share price 'stable' at 60p. Quite an achievement to do this for over 2 years.
I see the half witted UK investors are now selling this share, despite the RNS about the Frasers tie up. That was obviously good news but over here in the UK, folk just don't get it.
I expect the US investors to now pile in this afternoon and the share price to then turn positive again. They get it, why can't UK investors?
Crowman said in April:
Having sold up here at well over a pound after the last 'bid' offer and in spite of my better judgement and strong reservations around MM I have grabbed 20k as an initial stake.
As always it needs to fall 10p further before I repeat the process - lets hope it does not go back to 30p or at least does it in stages.
The form book says this will do something surprising to the upside around now - genius strategy? No. Bit of a gamble - yes.
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@crowman you bought £20 thg shares and said there was upside now 6 weeks later you say the company is dying.
Please explain?
Maybe 200p coming?
Perhaps that’s the wake up call the board needs because as of now, they don’t seem like they really care about making any immediate change.
I had not heard they were doing a 10:1 consolidation soon.
Would explain the £1.00 though.
#Youwouldcryifitwasnotsofunny
So you're just a trader, Crowman? Just so everyone knows, you want the price to go up and down to help you with your trading!
Big news tomorrow? ⚠️ 📢 🚨
Crafty you dozy old soldier - I bailed out weeks ago at 73p ish.
I currently hold a paltry 4800 shares in this turkey. Which is 4800 too many but hey ho I sleep easy.
Getting the best deal for shareholders would have been doing something about getting the share price up, 2 years ago
@crowman you say THG has a whiff of death about it and yet you invested 20k in it just a few weeks ago ROFL
WTF would you invest £20k in a business you thought was dying?
Told ya m8 you need to get out more, working from home is defo not for you :)
Glad to see the FUD SQUAD out in force this morning. Usually means a nice rise. GL all LTH
•fictional