The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
MoS article....GS reduces slightly (having doubled their holding only a month or so ago - they play their holding - it's not conviction selling and they may increase again). All seems heavily manipulated. I topped up at 220p, 207.7p and 212p today. Nothing changed since pre-Xmas. Results soon!
Rude not to...
Many thanks for the high-quality posts. Keep them coming and a HNY to all THG holders.
18th January
Markets down bug style soto close above 2 quid was a decisive break. I can see this reaching 4 quid some point in January
" the company has done [sic] good progress when it comes to governance and transparency" - BoA. Which illiterate intern has done good progress and given it 110% down at BoA?
....awwwww, bless.
Could some disillusioned BOO investors head here or do we face similar headwinds on costs? I'd hope that as we have distribution centres in all our big markets that we're less vulnerable to logistics probs but inflation ....is another matter.
Franky - how do you see this playing out in coming months? Are you still holding the whole lot?
Strength is for various reasons:
1. Oversold
2. Game theory of shorts - XMas is coming, Q4 update on its way, rumours of best ever trading AND OMNICRON means YoY performance comparisons they may have banked on will not materialise i.e. the trend to online shopping will return.
I'm expecting £4 by end Jan
Yday was v interesting action. Looks like it wants to go higher....and much higher volume...
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.
https://www.ft.com/content/dd938935-03ff-4d17-94c9-1cad25663a08?shareType=nongift
Numis: return to sender
A spat between THG and Numis over an email the investment bank sent to institutional clients is said to have pitted Numis against a former colleague.
As first revealed by Sky News, Numis last week sent, then retracted, an email making reference to “some irregularities in accounting” at Matthew Moulding’s ecommerce group. A follow-up explained that Numis “had not identified, and does not believe, THG to have any accounting irregularities”, saying the terminology used “does not represent the views of Numis’ research or the views of our research analysts”.
According to insiders, the first email was sent by a junior on the sales team who had joined less than a month earlier. The new starter had misinterpreted the already published opinions of lead analyst Simon Bowler around probable sum-of-the-parts values and the potential for Ingenuity, THG’s technology outsourcing division, to disappoint, they said. Numis voluntarily reported itself to the Financial Conduct Authority and began a review of safety checks around its non-research client communications.
Among those to push for contrition from Numis was Iain McDonald, THG’s longest serving non-executive director, according to a person familiar with the companies. McDonald was a retail and ecommerce analyst at Numis between 2002 and 2007, whose dedication to the firm was such that he once owned a NUM1S personalised car number plate. His technology and ecommerce advisory firm, Belerion Capital, remains a Numis client and was on the distribution list for the fateful email.
Numis said in a statement that it had “apologised publicly for our error” after its memo “contained some inaccuracies”. THG declined to comment.
This is serious. This had a big mkt cap, the losses suffered as a result of Numis' irresponsible actions are potentially huge. They will be liable for those losses and i would suggest the IIs concerned launch a lawsuit. Heads must roll..
Peak trading season for THG October / November (source: MM). Stories in press fed by shorters? They have to close pre trading update.
I listened to analyst's Q&A. BOD were not impressive b ut SOftbank understand the value of the tech, the analysts don't.
Bought in big style. Drop overdone. Peak season is NOW October and November....imagine the rebound once record sales announced. DYOR - once i invest it usually tanks further
I've checked two share accounts and can't find any info about purchasing these? Let me guess...the IIs get them at 115p and by the time the emails come through we'll have lost our entitlement?
on getting cheap shares at 115p. Truth is you had to hold as of yday.
Gosh there are some naive posters around. This is good news for PFC - refinancing = much firmer footing, put SFO behind us. only 77m £ fine with the rest paying down debt and exploring new opp's
INsider trading ?