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Hopefully a trading update alongside the AGM will give this some direction, it’s been painful watching the SP drip away over recent weeks since results, & given some positive news. I bought as a long term investment so v happy to hold, but would be nice to see it back towards 50p at least. Gla
I am not sure what people were expecting given it’s risen from its lows of 80p to £1.50 in a matter of several weeks is positive. I’ve personally reduced my holding & taking a decent profit, but I wouldn’t want to be out of this, but taking a very long term view, if a bid comes it comes, but look at TED nothing is decided until a bid is accepted. Personally I think that THG is worth at least £4 plus & I can’t see MM selling, he may get involved in taking it private but not for a low ball offer. Anyway this bid process will drag on for several weeks & it ain’t climbing in a straight line GLA
I think this will have another run at £1.50 today pre US open, then trickle down to £1.43 as people take profits before the weekend. I have day traded a 2nd tranche reducing my average since Feb, typically sold it yesterday, but still really pleased we are getting back to where i began, on the original sale news back in Feb it peaked at £1.45, so this is gonna go much higher as the bids come in, similar to TED (if anyone's been following that) GLA
Looks like some very chunky buys today, hopefully it will retrace back to 70p over coming weeks.
What’s the saying, sell in May….. i think everyone’s portfolio has taken a batteing today, I think THG held up pretty well a month ago thus would have sank to 87p on a day like today. So hopefully we can build on from here, I look forward to the next update with anticipation.
The whole market has taken a pouding today, my RR fell off a cliff. A well timed Director buy might help in short term, but with THG I’m confident in long term it’ll get back to a decent level but will take 4 years from these levels. GLA
Any positive news will take this back to £1.30 plus straight away, I’ve been lucky last two days, selling & buying my
2nd tranche reducing my average £1.01. But I don’t want to be out this is a long term investment. GLA
Yes, was expecting it to a least hold 90p markets are up and this and my RR, RTN are down, bit strange. I've managed to get my avg down to 1.09 from 1.23, bought in knowing the CO well and it looked massively oversold IMO (I still think it is) tempted to buy more, but think I will hold until results and see what that does to SP. GLA
Does anyone have an opinion on what the news of Chiquitos being put into administration will do to SP tomorrow?
Feels like the SP is under siege. Never seen these lows before, well certainly not in past 8yrs.
It's disappointing to see the SP where it is, looks like resistance is building at 1.13. Any view on when they will announce new CEO, I know there was a year's notice for Mr McCue, but you'd think they would want to replace sooner than later, really thought I'd snapped a bargain at £1.30.
@Baroki, too good a weather, can actually have a negative impact on sales, as they are mostly on retail parks, what we need is some good cinema releases, this will drive footfall.
@Boraki, yes as sick as a dog seeing the lows, seems quite volatile, but I do believe this will recover. I've held this before selling at £7.10 a few years ago, and occasionally dipped in and out. I sold again at £1.41 on results, and thought £1.30 would be a good re-entry point as I believe these should climb back to £1.75 pre August and next announcements. The CEO announcement can not come soon enough now, I doubt they will want to drag that out, if they can secure a superstar know to the sector this could bounce big time. I just hope this not wishful thinking on my part, but have followed the company for 8 years now.
Bought back in at £1.30, gutted to see it drop on the news of thr dividend being greatly reduced, however, I believe it will recover and see a bounce on news of a new CEO. I’ve held this share before and know fundamentally this is a very well company with well loved brands.
Typical, gets an outperform hold rating albeit a reduction, but target price over £1 share price drops.
Looks like some profit taking towards the end there. But good to see SP hold above 28p.
Isn’t this just a response to TUIs results today, and wider sentiment of the sector at present?