Member Info for Bantham

I can’t see any near term catalysts for this stock ( ie something genuinely material to assessing sales ). So i worry that next 6 to 9 months are going to be grim.

And the problem is that the CEO has not set out his stall clearly. Too much bluster earlier this Summer / no clarity on meaningful milestones / miss-timed capital raise / burned credibility etc

Doesn’t feel good to me - at least for next 6 months or so.

Ok - fair enough. It’s just an opinion.

And it’s for reasons like this that i sold out. Rightly or wrongly time will tell.

Hmmm - i guess i am coming from the perspective that this team is short on credibility.

So if you are thinking of doing something like this and you have interims coming up you should get that decision made and announced at the Interims. And i don’t really buy the idea this is just about tax - tax really shouldn’t drive strategy should it? My guess is it was a bit of an expensive white elephant with no prospect of revenues. But if they said that i might have gone down even worse!

Anyway, failing to deal with it at the interims has the result of the market getting more spooked about cashflow. And if you started with low credibility that’s not smart.

On the currency - the pound has been on its way South for ages and if they had unfounded Can dollar costs they should have held Can dollars against that cost. If they didn’t do that it means they were taking exchange rate risk.

Look - i may well be wrong, but all these fairly pointless RNS’s that no-one really understands combined with low credibility is a bit of a concern to me ( which is why I’ve sold out entirely but am watching…..)

Concerning announcement. Suggests lack of grip from Board and CEO.

These tax credit changes were published in July.

So why wasn’t this flagged at the Interims? Nothing new has happened since the interims for the Board to consider this change - unless they are becoming increasingly concerned on cash.

Seems to me the CEO doesn't have a proper strategy - except for spray and pray.

Been in and out of this.

And the reason i came out is the CEO - too much bluster, little credibility.

I think that’s maybe what’s wrong. And its hard to fix.

I’ve had enough of THG. Sold out this am.

Good Luck to you LTH’s but don’t let your hopes get in the way of judgement.

Hope tomorrow brings similar pleasure

Interesting balance isn’t it. Is THG going to be more like L’Oreal or Netflix in this environment. I have no idea. We will see more tomorrow/

Thanks

Would you mind explaining what that means please algoman and why it’s interesting / significant? Thanks.

Ste - fine. We agree to disagree and i actually hope you are right and they have an announcement which will demonstrate near term value.

Thanks lejjb - agreed.

This site doesn't really encourage balance and debate. It’s more of a self-reinforcement club where everyone tells each other that their dreams will come true and if anyone says otherwise they are the enemy…..

My investment is based on the possibility that THG is outperforming expectations which have been marked down so strongly. I am in here for a fair amount of cash but if the message on Thursday is that very tough times are hurting THG and the share price stays where it is or falls i will probably cut my losses and get out because in that scenario every investor might take a lot more pain before they get some long term benefit.

Ok Ste.

I think they’ll say they are still considering and will make decisions in due course or something along those lines that will have little impact on price. You seem to think they will say something significant.

And i am 100 per cent sure you will see zero on a bid or anything else along those lines.

Let’s see who’s right before deciding whether i am to be taken seriously or not :)

Sorry - the other thing that matters is Balance Sheet / Cash position / cashflow.

It’s not about last year.

it’s all about Q1 and what they can say about input prices, margin, current trading and prospects. If thats very positive good things will happen to the share price. If not, none of us will see a return on the investment in the near future.

All the strategy / structural / PE / M and A stuff is noise. Does anyone seriously think SoftBank is still there? You need a serious reality check. As for structure - with a new Chairman who wants to take time to think about that - nothing will happen there either. As for a PE bid - it’s incredible that any of you still believe that. It was and remains BS……….

It’s ALL about the trading. And there’s a glimmer of hope that the market is pricing in something worse than will be delivered. I certainly hope so and i took MM’s post as possibly suggestive that is the case.

Exactly Maestro. Look at the other stocks - it’s the market not THG specifically. That’s why i am relaxed .

Agreed.

And i must admit i was not expecting this kind of fall. Doesn’t feel great. But when others jump to the conclusion its insider info its the same kind of extreme reaction as saying all the shorts will be burned this week and the share price will triple……

And i should add

MMis not responsible for the market or his share price. He should do what he is doing which is running the company.

As for the idea the results have leaked - if there was a shred of evidence of that they would have to announce immediately.

This is the kind of c$$p people come up with when you stop seeing the wider picture.

We all just have to wait.

I have every hope that the results will be positive - but positive within the current economic environment.

The problem on this board is that too many people get way over-bullish and think what happens to THG can be divorced from the wider environment. What you are seeing this am is fear about the wider environment - inflation, interest rates, taxation and consumer expenditure. That is the big determinant of price ATM whether you like it or not.

Hopefully, we will see good Q1 trading ( in the overall Mamet context ) on Thursday and a jump in the share price. But hoping for 100% rises etc is completely deluded guys. Hoping for that kind of thing is going to cause you a lot of pain.

I was thinking of buying more this am - but it all feels too risky - and in that regard i am focussed on broader economics / the market. Hopefully will see some more confidence and recovery later - but nothing really matters until Thursday.

Yes - good point on the Listing. They should nail all of that.

Otherwise - aim should be showing they are a serious business with good governance. - which means managing what they have to the best of their ability rather than trying to cut deals……