Https://www.thisismoney.co.uk/money/investing/article-12203835/SHARE-WEEK-eyes-troubled-THG.html
Https://www.ft.com/content/08004111-ba1d-4100-8f9d-e1b33e3006d2
Especially for Pearls and Investor101.
I see 70 pence on Monday even if it just touches and drifts down to 67 pence close of play.
Two of my THG sell trades almost actioned end of day whilst I was in the pub (bought back those darned 13,300 shares again earlier after drop) so feeling a bit lucky. Maybe EyeofTheTiger regretting 63p exit, lol
I reckon a seller at 59 pence and that’s the reason for the drop today. Traded my 13,000 shares sold late yesterday at 62.47p and picked up 13,300 at 59.84p with £100 to spend on some champagne.
Off to the river for a pint and wait for SP to finish at 62.5p, lol.
I can hear Investing101 and Pearls screaming at the screen watching the SP plummet wondering why the SP is going down after the American debt ceiling was agreed and a large UT cleared. Good Grief Charlie Brown Pants!
Anyone using the uncrossing trade (UT) to make an investment decision is an idiot. All shares had large uncrossing trades because it was month end. There may be a jump first thing due to the American debt ceiling being agreed, but expect the share price to drop back down during the day without news IMO.
Ultimately, only good news with tie ups for the Ingenuity brand or MBO or a renewed bid is going to move the shares past 75 pence again.
If you check you’ll find THG have already been at 40 pence (and lower), results were not brilliant but there is a light on in the tunnel…….oh my gosh it’s a train….choo, choo, better get on this Gravy Train before it leaves the station without you :o)
I still hold a third of the shares I had but disappointment in losing out to other opportunities led me sell the other two thirds.
The reason behind this was the continued weakness in, O&G prices along with no comment from Government on the disastrous EPL that had eroded SP being amended which has turned out to be more profitable decision. The EPL going on till 2028 is the killer here, it just puts off investors and will ultimately cost the consumers and the environment due to having to buy in commodities. Well done the Tories, the dumb media and public opinion!
There will be a point at which sentiment changes and SP is already unbelievably low. IMO
Nothing!
PI’s don’t know what is going on and just ramping the rise. No news released so SP drops back down, however, still a good rise from a few days ago when we were down at 56 pence. Like has been said, just oversold and maybe a few large investors interested at low ball price.