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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?
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.
The US market starts opening in just over two hours time, and frankly US investors will be waking up today and think they're seeing things. Why on earth is the share price down again? Even the UK press has written positively about the tie up with Frasers. Yet the UK investor clearly doesn't get it, and THG stands out as a badly unloved, undervalued share on the UK market. I expect the US investors to buy in accordingly, this is a far cheaper stock than its counterparts on the US market, and 61p has got to be a bargain entry point.
Roll on the inevitable offer and the faux surprise from the Board and the City when it happens.
Pearls are you the Anti-Ste?
I vividly remember how (not too long ago) Ste would start banging on about how the "Yanks hate this dog" and it would fall like a lead balloon once the US market opens.
I'll be a bit more measured....nothing crazy will happen once the US opens.
I seriously don't envy your position here Pearls and Crafty and others in the cult called THG.
You are looking at the disaster of the company's performance on the stock market and yet you are talking yourself into believing that its is the Other investors in UK who don't get it and you hoping that investors in the USA will wake up this morning and just would not believe their eyes what these idiots in UK are doing to depressing their SP to such low level that it would be mad not to buy!
You must be really desperate to think that in 2 hours or so the SP will turn from yet again another 3% drop.
And crafty talks to MM for 5 minutes and thinks he is very approachable, haha ha. Have you ever been conned?
Every conman is very approachable and nice and well spoken, that's what their victims always says about the people who get ripped off.
When I first started investing, I read an advice from few investors, try not to get personally attached to a company you invest in.
Now it is here for everyone here to see how good that advice is.
have a good day
Fo Shizzel
TU *read well, but market has seen otherwise with trend now being bear mode and a sizeable decline on the month and 6 month view.
hate to admit, but it is becoming increasingly hard to see what will dissuade the shorting community to move on from here, and harder still to understand THG view on it, based on the rather opaque wording in TU on ftse premium listing. what is left to evaluate, surely a good move? open to debate
Crafty was insistent that something had to give at/before the AGM as otherwise MM risked losing the support of the 65%. I previously said (amongst many other posters) that the AGM would be a formality and nothing notable would happen.
Truth is, the update was underwhelming (not it saying it was bad though). Yeah, I know there is the tie-up with Frasers, but it's missing key details. Like, for example, how much we sold Lux for, or what we expect for the tie-up to bring in (cash or sales wise) etc.
I also said that there would be NO pressure on MM or the rest if something didn't happen by the AGM. Looks like it is (unfortunately) true.
So, I'm not going to call Crafty a liar if he says that attended the AGM, MM was pleasant, the BOD were positive about their strategy etc. But on the same token, they clearly weren't asked any difficult questions and I wouldn't expect them to behave otherwise.
There is opportunity here...but....the timeframes are getting more and more opaque. There needs to be a game changer and that could take a while. GLA
Market doesn't care what BS MM or the BOD says, market wants numbers and none were provided. What ever we sold to MA, what did we got for it. MM can talk, the talk and fool the investors, but not the market.
The whole market is treading water just waiting to see how big a majority Sir Kier( I'm a Socialist) Starmer gets on the 4th July. I think a 400 seat majority is very likely 🤔. Little Rishi will immediately be fired by the remaining 60 Tory MP's. Hopefully then the Markets will digest the reality and get back to business. JMO
A well written post Novice and you are right. TU 23 had an ebitda range and quite a lot of concrete info on cash flow etc
TU 2024 had no numbers.
to counter this, beauty appears in rude health, and +30% run rate on ingenuity external is strong. Nutrition i think even the most bullish would concur that online is struggling. I fear the CEO is not top quality.
rumours abound on SOTP external investments. it is clear to most this is the only path really open to THG to regain where it was last summer and higher.
until such a day, shorters, bots, algos...whatever we call them, will run amok here, and more and more retail will say enough is enough. sad when FCF is neutral to positive, and margins improving, with analysts being fairly bullish on the name
@cityspier, think your comments are a fair enough summary of where we are at.
I remain as convinced as ever on the long term opportunity that THG’s current lse valuation represents to investors.
Value will out in the end, but timing on that is opaque, but we are aligned with MM and his long term backers.
GLALTH’s