Member Info for Globex

In a similar way doesn't feel like long ago everyone was certain it'd go to $100k by Q4 2021. Must be on about Q20 by now.

The funniest is when you get some clickbait article where a self-proclaimed "bitcoin analyst" predicts it will be x price by x date. They are literally always wrong.

Imo all we can really do is work on basis that btc will go up over the longer term. Anyone doubting that should probably sell. (In Argo's case they should do that either way.)

No HE1 isn't the answer, a pre-revenue explorer/miner on aim is as high risk as they come - just like all the other failures before it chances of a long term happy ending are effectively zero.

You must either be Turtelboom or someone closely affiliated with him. Every post gushing and effusive towards him and the company. Very naughty.

Looks like it, a bold move and unusual to see in an approach like this. Could indicate a plan to to go hostile, or at least dangle the implicit threat of that over Crest board.

For completeness before someone else says it let's mention Berkeley too. I'm sure we get the broad point of that sentence from my post - that there are a finite number of plcs with the necessary scale and financials.

Cala deal will be an interesting bellwether. With L&G looking to exit the sector completely will likely require cash buyer. Also reported they're looking for price on a par with NAV, all means quite deep pockets required, only so many plcs could justify it. Bdev busy with Rdw, maybe PSN could fund it with a rights issue. Probably too big for the rest to absorb.

I don't know about punching their air, seems a bit of an overstatement. Personally only bought this in April as a recovery/takeover play. Market punished accordingly the operational issues, everyone knows about them already. Bellway's offer means this has now become an M&A play where metrics like NAV becomes more important than previous management.

Https://www.londonstockexchange.com/news-article/BWY/response-to-press-speculation/16519013

Bid looks logical to me, last month I posted on here that this was a promising takeover target. Definitely makes sense for this to be absorbed into a larger group for cost savings and scalability. Will be interesting now to see if this opener flushes out any competing bids. Either way should liven things up.

"hence the overall market reaction"

S&P500/Nasdaq futures still positive after gains yesterday and remaining near all time highs, if anything the market reaction has been positive - so it would seem that CPI headline was key and outweighed any perceived downside.

All housebuilders have underperformed the rest of the market vs 10 years ago. Go back a bit further though, at nadir of financial crisis in 08-09, and anyone investing in the big plcs at that time has done very well indeed.

Similarly, if you chose to pick the comparison starting point as the Truss car crash in Autumn 2022, BDEV is up by 40%+, Bellway by 60%+, Redrow by 75%+ etc.

Crest has its own specific issues, much of which overseen by CEO who announced his retirement in January. We'll see if new one appointed today can turn things around.

But the main point is that this is a cyclical industry. We can all chose to pick arbitrary dates to say anything, but it might be telling that those investors who bought into likes of BDEV or RDW during the periodic cycle lows - before the inevitable recovery kicked in - did very well indeed.

I think share price has been noticed by at least one of Mouldings pets... crafty

Raspberry PI CEO comments on this topic were interesting. Imo he deserves a lot of respect for listing here. As a tech company selling big volume in the US, with growing revenue and making a profit, it could be argued a natural fit there - as opposed to a retailer with shrinking US sales - let alone a carved up portion of an already small plc by US standards. Looks like market has rewarded them too, up 40%+ now since IPO.

"I hope this starts to dispel some of the misconceptions about the UK market versus the American market. For all but the latest technology companies, there isn't a valuation gap and there isn't a meaningful liquidity gap."

"I think the benefits of being in our home market any of the disadvantages."

https://www.thetimes.com/business-money/companies/article/raspberry-pi-shares-sweeten-by-40-percent-on-london-debut-9gcqb09d5

Rampers pushing the US thing are being misleading, whether unknowingly or not. There is no official document or RNS anywhere that refers to prospects of THG listing there, so all they're doing is building up false hope. There are no magic shortcuts, the company will have to trade its way out of this

I might have to get a Maga cap at this rate (joke)

Good points Monty, it's got a bit absurd how the USA has almost become a magic elixir potion on these boards, even for companies with very little presence in the country. Practically speaking, last year US only accounted for 18.5% of THG sales - and that was down from 19.9% the year before. If it's already a small proportion of sales and losing market share in the country, forget it.

That's before we get on to how US shorters and analysts far more aggressive than UK ones, they could rip the likes of Moulding a new one. To be brutally honest it's not likely they'd even care enough though, he'd just be a small fish in a very big pond.

Looks like my post got deleted maybe because of what I said about the clsk guy lol? But if anyone missed it or cares, it was otherwise just saying mining being politicised already a big theme this year but now accelerating https://archive.is/VvcQ4

@clskbull Strange times indeed mate, whatever our views of these parties it does seem like a Republican win will now be a clear catalyst for miner stocks.

You've not understood my post, the point about returns or the practicalities of online retail. The bulk of their sales currently are phones. Last I checked those didn't need to be laundered. Think about the finite number of phone models there are. A library photo of an iPhone 13 represents them all. Now think about the unlimited scale of clothing and apply that to number of of SKUs requiring management.

What a nightmare in terms of counterfeit detection, cleaning, photographing and storing. Unlike phones where there are only so many models, with clothing each item will be unique in some way, whether its colour design or condition, it will all have to be photographed. Think of the logistics of warehousing all these unique SKUs. Then after resale there's the hassle of returns, a notorious overhead and by far the biggest challenge for online clothes retailers. There's a good reason why even the likes of Asos with the natural scalability that comes with new product lines has been loss making for years.

I don't follow why being Irish should be an issue? In case you hadn't noticed the country more than punches above its weight in the business world, look at chair of UBS, CEO of Tesco, founders of Stripe, being Irish doesn't seem to have held them back.