RE: Drop in whey prices revised guidance?23 Jul 2022 14:32
Yes I still think there’s still a bit of a Hangover and it’s kinda been black listed to a degree and nobody is buying they pi ssed a lot of people off with saying a massive short attack by hedge funds and giving data to FCA of it. I think they crossed a bit of an unwritten line and they are still paying for it now. A quote article from old article Jan2022
Russ Mould, an investment director at AJ Bell, said: “The only way THG is going to win back the market’s favour is if it delivers better than expected figures consistently for at least two or three quarters. Unfortunately, its latest update doesn’t pass the test as it flags margins are slightly below expectations.
“Under normal circumstances, a business delivering the level of growth seen in THG’s latest update would be applauded by the market. Sadly, THG has shot itself in the foot thanks to the way it has behaved as a listed company since joining the stock market. And that means only something spectacular will lift the share price.”
(Hopefully now Lord Allen on board gradually he change the narrative)