RE: Get above 90 and it's game on16 Mar 2022 17:19
SP28, agree with you. I have agates in KWEB (China Internet) which has been pummelled in the last 6-12 months. As a fund, it was down 80% off its highs and experienced a rapid drop over the last week which was completely at odds with companies performance and positions both financially and in the market. Admittedly, China government have far more influence on their markets but having finally waved the white flag in their assault on the internet giants in China, KEEB soared more than 33% today - its biggest ever single day increase. I feel there are similarities here in that THG has been driven down on sentiment, fear and manipulation and doesn’t warrant the drop it has experienced. The SP could and should significantly improve from here in a very short space of time. It’s way undervalued IMHO. GLA