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not a good day on the markets. ASOS down and other retail stocks down too.
dipped under 230p morning shake before a rise? heres hoping.
Touché
glen....... at the rate of descent, maybe I did mean ÂŁ1.36!!............B
lol..... thanks glen, yes I did mean ÂŁ2.36..... although it seems to still be dropping in to the ÂŁ2.34s at the moment.....B
@yrabs don’t you mean £2.36?!! ?? One can only hope this picks itself up after such a dire few weeks/months!
usually day 3 [after a tumble] is when things settle....... a lot quieter in the first hour, so most of the herd seem to have moved on after picking the bones on this carcass..... seems to be finding its feet at ÂŁ1.36.... will buy more at this level . I agree this will be back over ÂŁ3 in no time...... and back to ÂŁ5 plus at xmas would be a very nice prezzy...............B
Total volume of shares traded since 12 Oct 21 = Approx 80 million IF all were sells (which is nonsense), average total value of ALL sales at say ÂŁ3 is ÂŁ240 million. i.e. value of mcap dropped 3 Billion on only ÂŁ240 million ACTUAL loss via 80 million shares sold.
something is not adding up.
I haven’t bought an asset on this basis at all. I’m just making a potentially factual point that an option on the table here (as well as others) is that SoftBank could buy tbe lot
I didn’t invest here as I thought SoftBank would buy it. But it is a possibility
Read what I wrote
Or stick to being sexist you’re better at that
This has had 217m volume since mid September when this was ÂŁ6.
if it keeps up with the 4m average volume since then, it could trade that volume again back to ÂŁ6 by Xmas.
then its back to what Softbank paid in May, you know when the company raised a billion dollars at ÂŁ5.96.
lets Assume one buy for one sell, (realistically probably 3 sells to 1 buy because of shorts) , ~108m volume each way, its been valued down to ÂŁ2.30 by the bottom 8% of shares. I assume the other 92% of shareholders still value it at the ÂŁ5 - ÂŁ8.30 that they paid for them, or atleast more then the ÂŁ2.37 that it currently is.
Actual market cap is 2.898b on 1.2197b shares in issue. This can be checked by dividing Goldman's shares held by its percentage holding on its latest RNS.
Yeh I make it 3.2bn and falling
Isn’t market cap now £3bn?
Let’s look at data first for THG:
ÂŁ2Bn Revenue
ÂŁ700M Gross profit (-ÂŁ250M EBITDA)
ÂŁ4.3Bn Market cap (just over 2x sales)
ÂŁ835m debt
ÂŁ870m cash
40% y-o-y growth
If this business is just a very glorified e-retailer ie let’s discount totally Ingenuity, then today’s closing share price ranges from very fair to attractive. If you believe Ingenuity has any value at all, it would make this share totally oversold and a short pickers driven target. ie a buy for the tech invested early risk taker.
yrabsmurruc
The market has priced in a potential adjusted earnings cut... in case the headwinds persist and results in that happening ...
I wouldn’t get excited but one potential get out of jail free card here is SoftBank just come for the lot
The business has got its messaging wrong. The spin off has been the genesis of this mess. It’s very common in Asia to have different parts in different listing but it’s not common here or in US and it’s all been a bit messy
SoftBank take the lot. Merge ingenuity with auto store and then go for the strategy I said sector by sector
yrabsmurruc
yes......at 350p+,300p or even 280p ....but at 240p ..how much has he already ...made his point ?
at 230p or whatever.... the bears become bulls and say ..OK,OK enough is enough
getting towards the point where the bulls are wanting to start being part of the game again
game on.. ..first stop...make the bears more nervous ..let them know they are not alone
Game On !
Poker............ and is this Simon Bowler a man worth listening to?.... seems to have hit a nerve with some.......the SP seems quite close to ÂŁ2.30p now........ and then what?..............B
Thank you Pokerchips :-)
denby69
This from October13th.....if any use ...price they set then was 230p
“Ingenuity is essential in many ways, but increasingly appears nascent, opaque and lacking sufficient evidence to warrant meaningful assessment,” said analyst Simon Bowler.
“We are concerned that enthusiasm for Ingenuity may wane, while the slowdown and concerns about the structure of trading margins offer only limited support,” Bowler said.
Has anybody got a link to the Numis report on thg Please