After all these years Thg is still not making a premium tax profit..It shows what a ridiculous price the company was valued at upon IPO..I reckon it's about 18 months away from an SP of 100p... Meanwhile Thg ingenuity ltd price has quintupled since separation
We are lucky in that there is no way sidera would have bought wood group with no end in sight of the Israeli and American aggression..Yes there will be plentiful work after aggression finishes but the uncertainty and nervousness means no one in their right mind makes takeover bids.
£7,000 made on trading and today £8,000,making a profit of £15,000 on approx £48,000 investment...Never again though..In future,If a company is about to have it's shares suspended l am out regardless of profit or loss..
I have previously stated that Ingenuity Ltd will become bigger than THG plc in around three years time..Well,at separation Ingenuity was 40p to buy...Today it is 150p to buy on JP Jenkins platform.. 380% increase
Interesting in that rejected a 260p offer from Bain Capital last year citing it undervalues the company..Then announce move to main market,but also reduced profits..To top it all no directors buying shares in 2026..
Obviously struggling to get the rights issue away at anywhere near a sensible discounted price.. Shareholders reluctant to hold on to even more shares..
An extra 220m shares now,with probably quite a few being sold back into the market come Monday for a quick profit from 18p...l agree with fat boy at sports direct,that the best thing to tackle Chinese and German giants, is for boohoo and ASOS to merge into one entity..
Hmmm.. Finished the day well below the rights price of 20p.. Institutions might decide not to participate after all...Had the rights been done and dusted in one day,the SP might well have headed the other way.