Member Info for Globex

Class of 2021, so many dreadful companies floated around that time.

During that post-Covid exuberance they were IPOing any old sh*te at crazy prices - but after investors lost their shirts on those names that period sadly became a lingering stain on reputation of London market as a whole.

Agree worth a buy here.

Now tariffs fully priced in, for status quo not much downside left, whereas if Swiss get a deal and tariff roll back, can see this bouncing back nicely.

They will have released an accompanying report to go with rating, you don't get that for free so not typically available to joe public.

Either way not worth getting worked up about. Surprised if anything a bank the size JPM bothering to rate this now market cap sub FTSE250, must be a legacy thing, they were involved with scandalously overpriced IPO that got Moulding his riches so he'll be grateful to them for that.

Good find. Coupled with recent companies house resignations things are certainly unfolding here. May or may not be significant that second point of 1 (a) mentions amongst other entities "administrative receiver / administrator".

Having likes of Peter Cowgill on board must help, a proper retailer with proven record of delivering shareholder value. Despite all the exec salaries it's striking THG has nobody of that calibre.

If Moulding could take a day off from compiling a list of people that have wronged him in some way, he should study APN and take notes, which is absurd when you think how new an entrant they are compared to THG now trading for 20+ years.

I wouldn't take too much comfort from job postings, there have been plenty of hints about solvency issues, like refunds being held back, suppliers not being paid, mixed messages around debt refi etc etc

The sheer value destruction here is quite epic now, a real spectacle unfolding

I see Forrester has the begging bowl out again, this time in Sunday Times asking for more subsidies on company car EVs.

Always seems to be asking for more government support. Or complaining about not getting enough. They've just been gifted the new private EV subsidy, should be grateful for all the handouts already given. Not taxpayer's job to support his business.

Shorts reduced heavily late week, to extent it went from being most shorted London listed stock down to being down to only ~2%.

Notably the big reduction happened on Thursday, once Assura offer effectively made final. Implies heavy short interest to that point was deal related / a short term arbitrage trade, rather than targeting PHP due to some perceived fundamental issue.

You'd have thought bfd might be on thin ice here, now his compatriot neil has been binned for apparently disruptive posts, while he continues to argue with every man and his dog on here, essentially full time. Especially with that form for having his original trading4good account removed?

That's tidied up the board nicely, thank you admin

One of those catalysts we can look forward to is when this opens up for trading in the US, where proper money truly awaits.

Worth remembering coverage we've already got from some of largest US crypto publications with literally millions of followers.

Zerohedge 2.1m followers - https://x.com/zerohedge/status/1934876225396252779

Bitcoinmagazine 3.7m followers - https://x.com/BitcoinMagazine/status/1930545065392210054

Totally agree we are way under the radar here for now - but with all the catalysts we know are coming its just a matter of time now.

Good on Mike Ashley for holding the disgraceful management here to account

Lol Neil certainly does seem to be getting more cross as each day passes with no sign of these now near mythical accounts, now breaking out random caps , projecting that rage with random outbursts at posters here, love to see it.

Funniest part KPIs are just management targets, meaningless when they can make them whatever they like. They could decide one day a KPI is number of red cars in the car park. Auditors work with statutory accounts, not smoke and mirrors.

Eye watering stuff ThetaDecay, thanks for sharing. Can add the health club to that list and god knows what else.

Telling the debt burden that actually paid for these multiple 'Ingenuity' subsidiaries stays with the plc. It's totally left holding the bag.

Not looking good here. As I mentioned weeks ago, evidently auditors having kittens looking at state of these books and not playing ball in signing it off as a going concern. Unlike the odd die hard left here, amazingly still holding onto these despite everything, they can't be blagged by management.

It's a bittersweet one this.

One on hand pleased my theory about Faberge having a value not recognized by market was correct, first posted about that before company had publicly announced their intention to carve it out.

On the other value they realised below my expectations. For a luxury group like LVMH or Richemont, $50m wouldn't even have been a rounding error in context of their valuations, definitely surprised one of these big European jewellery names didn't bid it up.

Can't complain too much, just not quite the blockbuster sale I imagined. With Faberge going, that's also been my cue to exit. Rump group comes away with a much improved balance sheet and sure it'll be fine, but as a pure play miner exposed to regional instability and unpredictable politics, few too many banana skins for my tastes.

GL

Genuinely believe the SWC comparison is very fair here. I remember that touched on a market cap of £1bn at its peak, all for essentially having a btc treasury policy and executing it extremely well - but underneath it all it's still just a web designer. BMV has the btc treasury policy about to unfold PLUS multiple gold mines.