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Always remember that somebody is picking up the stock that is sold and have been doing so all the way down.
The key here is to not have a position in times like this that give you sleepless nights. Yes, too late for some but stress causes anxiety which can be greatly magnified by things you will usually find trivial in normal times. This downturn is not strictly company specific, although some would argue it would have faired better under different management....but not that much.
But as always, the tide will turn and the bottom will be in before you can react (usually months before the data reflects the tide turning by which time the SP will have already retraced).
Some investors are going to get very rich buying these sorts of companies at this time and simply waiting for the tide to turn. Whether it takes 3 months or 30, eventually the tide will turn and THG will be valued higher than 64p as THG are not going anywhere anytime soon.
Buy small, buy often on the lows and hold. Certainly dont put your life savings here as the anxiety will be too much to handle. Softbank and other funds have suffered catastrophic losses so are forced sellers. Another 10k shares for me today, and will continue to do so on low days until this turns.
Looks like its getting close to mission accomplished whereby some of the LTH's and avid posters reach the point of surrender and throwing in the towel.
Talkative bulletin board toyed with to achieve the aims rather than company specifics.
The RNS didn’t really make clear that guidance would be met - the statement read along the lines of “The company continues to trade in line with it’s own expectations” whatever that means! Think we are not far away now from MM playing his hand - Possibly take private around £2 a share with backing of major shareholders and re-float parts of the company post recession.
Good man- all the best
@stevescott yes of course. I honestly believe good times are around the corner for THG SP. Often I find when the doom & gloom is at its peak things start to change…GLA..
Nice post Anacott, well written and considered, and welcome back (ps you are a man of your word - truce?)
Totally agree with your comments AnacottSteel - RNS made clear everything is bang on target, Chairmen buying at 8He will be very confident of at least doubling his investment, and I tend to agree. MM has discussed with the major II's and had their full collective agreement that £1.70p/share completely undervalued the company.
Time is a great healer. Keep the faith and the rewards will come.
Jupiter are selling a huge tranche of stock do you honestly expect the SP to go Up?! Jupiter are distressed so no reflection on THG itself they are just hitting internal limits. Personally I’m glad to know what is driving SP lower. I know this could be rose tinted glasses but with lower Brent Crude price (30% Off peak) easing supply problems, lower commodity prices I believe the Inflation pressure will soon reverse. The US big players such as Blackrock are sitting on the sidelines of Growth/tech until the Fed pivots on Interest rates which could be soon as the inflation figures are always backward looking. Some US ii are already buying as the drop in Oil price will show in lower inflation therefore Fed moves to lower interest rate rises or pauses and guess what the market piles back into growth/tech it’s already happening over the pond with some brave ii buying as you see with the rises in the indexes. There is caution as is it a bear bounce or is inflation really coming down? Well looking forward not backwards inflation is definitely going to be coming down & come Nov/Dec the Macro looks totally different. You have to ignore the daily SP I’ve switched off from that as it’s only frustrating annoying depressing etc etc. The US are buying back into the lower inflation play being good for growth/tech the dinosaur LSE is doing the opposite missing the move Up and in fact taking Growth/tech further down yet the story is changing. I’m not ramping this is my opinion that the Macro is changing and 50% + of growth stock falls is Macro so switch off daily SP get a few cold ones in the fridge for tonight and watch as sentiment changes over the coming months. Of course September results could help kick start this play if results meet targets which was reiterated in RNS when rejecting offers. GLA IMO..
@Stevescott….seems to me you will be out…IR responses are woeful, bland and don’t answer the pertinent questions…hopefully will get a TR-1 later today as to who acquired Jupiter holding as seems to have been off book, otherwise you too will be selling at a loss….also outside in does not seems advisers have covered themselves in any glory, just chasing fees instead
Oh my, it's getting noisy in here. I think it is now well-established who is in control of this SP movement - Jupiter. Their reasons for selling do not SEEM to have anything to do with the fundamentals of THG, rather the reasons are quite bland. All one needs to be is patient, in my opinion - that's all this market requires. True value will be reflected once the distressed seller clears AND the Co confirms that it continues to perform well against its guidance, as well as providing further clarification on strategy / trajectory. The latter, which is in the Co's control should happen on Sept 15th. Selling before then seems an odd thing to do IMHO, but each to their own.
DYOR/GLA
Day after day of misery. Every session you can't help but feel it can't get any worse but it somehow always ends up in the red.
I have emailed IR asking which II agreed not to accept the offer and why Jupiter / t Rowe and probably SoftBank are selling down (as they are no 3, no4 and top 10 holders)
I m out if I don’t get a good reply or we don’t get a share price recovery or find out if any new II are buying before they reply
Why aren’t the IIs who were “consulted” and decided that 170p was way too cheap, buying the shares at 63p?????
It makes you wonder!!!
The share price here is completely disconnected compared to the sum of parts of the business that is being grown and built built and the cash on the balance sheet.
Only a couple of months the ago 170p as the lowest of 3 bids.
Setting new lows every day
Not far from Metrobank now.