Member Info for Bostonboy14

Somewhat inevitably, back into the 50s.

Current average is 72p. Might buy some more but can see this hitting 55 again soon. May have to be patient.

May buy a few more if it hits the 50s again

Stop banging on about sales valuation comparables. It's totally irrelevant to the current situation.

Yes, suspect someone is shorting.

Immaculate timing....

A little pullback after a good run is healthy but slightly worrying we've dropped nearly 20% in a couple days. Can only imagine many were speculating there was good news imminent and looking to make a quick buck. For LTHs, it would be nice to consolidate around here before the next leg up. Id hate to see it fall back to the 40s (or even 30s)!

This inexorable decline to the 50s is a little worrying with no buybacks to try and put a floor under the share price. Perhaps they're planning a big "ta da!" moment at the next results (Sept!?) with free cash having paid down a chunk of the debt, but difficult to know whether to stick or twist in the meantime with those clowns running the show.

Hedge your bets GGG and sell some shares, so you can get your Dyson out too if it falls into the 50s

Is suspect if the upcoming results were poor we'd see some price action to match - this has been a leaky ship for a while!

What's with the 10% drop today? A read across from somewhere else or just profit-taking?

70p didn't last long. Oh well!

It's not about sales, it's about profitability and cash flow. It makes next-to-nothing margins and no one can see what the underlying performance really is because of all the creative accounting.

Price action suggests something is brewing. Could be completely wrong of course

When are these likely to start?

Thg's EBITDA margin (ignoring all the ridiculous recurring exceptionals) is about 5%. Bonkers

Go read a corporate finance book. Cash and debt are normal price adjustments to enterprise value. The price quoted is the equity value (after debt has been settled)

Cash free, debt free is a standard transactional basis. It doesn't mean the debt is left with the retained business. But regardless, this is just another distraction tactic straight from the MM playbook. Doesn't bode well for results next week.

Why you just repeating GGG's comments?

How is the buyback depressing profits sorry?

Anyone tempted to buy more in the 40s or have we got further to fall? Market is in meltdown

The way the market is going, they'll be able to buy back 1m shares a day soon hah