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I cant trade anything or get quotes and also get random password issues.

That will be me out of HL, not good enough at all this. Imagine if you was at a loss on a bad trade and wanted to sell quickly and this happened!

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Same I can't no_security_credentials

I tried to call but there is no point I think everyone is calling. I tried to buy some more ARB but not to worry hey.

"I wouldn't be calling a recovery just yet this has been in the 45-50 range for quite a while.."

Seriously? "quite a while? since the 8th of December.. you call that "quite a while"???? less patience than my kid at Christmas!

and Nutrition 34%

Before it began internal discussions over a potential sell-off of its beauty unit, THG publicly discussed spinning it off in an IPO in 2022 and suggested that its nutrition business could follow too, leaving Ingenuity as a standalone operation. But after a presentation in October meant to explain exactly how Ingenuity makes money, THG shares fell 35%. While the company said it saw no reason for the decline, analysts criticized the lack of disclosures regarding Ingenuity’s revenues, “which failed to reassure investors” according to a report from RBC Capital Markets.

One analyst at Numis said that while Ingenuity is critical in many ways, it “feels increasingly nascent, opaque and lacking sufficient proof points to justify a significant valuation.” A report from Bloomberg Intelligence in November said Ingenuity was “poorly monetized”, and “is falling short of expectations of becoming the company’s sales- and profit-growth driver.”

At present, SoftBank won’t exercise its option to take a stake in Ingenuity, one person said. A spokesman for SoftBank declined to comment on its plans.

It’s not just investors who remain unconvinced about THG’s future. Moulding has also questioned his recent decisions. In an interview with GQ magazine in November, Moulding said the time since the firm went public in September 2020 had been “the worst period ever” and that, with hindsight, he wouldn’t have gone ahead with the offering.

“There are scenarios where if you’re not an individual leading a big company, then I think the U.K. market can work really well,” Moulding said. “But there aren’t any examples, I don’t believe, where an individual brings a big company to a public market and it can go well, certainly as you get to a certain scale anyway.”

With the omicron variant spreading rapidly, a THG spokesperson said the Christmas party had been canceled for 2021.

THE END!

By 2014, THG (then known as The Hut Group) was recording revenue of 244 million pounds and producing glossy annual reports with dramatic taglines, such as: “If your dreams don’t scare you, they aren’t big enough.” Key international investors KKR & Co. and BlackRock Inc. got on board, as THG embarked on an acquisition spree that supercharged its growth and made the company an attractive IPO prospect.

THG’s growth was built around doing deals and expanding its beauty business, which now boasts a portfolio including e-commerce site Cult Beauty and subscription-box service Glossybox. The business had sales of 461 million pounds in the first half of 2021, up 56% from a year earlier. Its second-largest unit includes Myprotein, which has an audience of more than 800,000 on Instagram following its mix of nutrition, fitness training and wellness-based lifestyle tips.

Beauty and Protein Boom During the Pandemic
THG's core brands grew at their fastest pace on Instagram in early 2021

Between 2017 and the end of June 2021, THG spent under 1 billion pounds on deals. The 275 million-pound purchase of Cult Beauty was announced in early August. Over the same period as it expanded through acquisitions THG posted cumulative losses of about 550 million pounds, with revenues of 5.4 billion pounds, according to an analysis of company filings.

But THG also wanted to become a tech company, built around its Ingenuity platform. Ingenuity manages over 200 websites for clients, as well as handling e-commerce functions for its own brands. THG had ambitions for Ingenuity to rival the ubiquitous Amazon Web Services, according to two former employees. People who built and use the platform call it variously an unrivaled digital service, a hodge-podge of bolted-together acquisitions, or a combination of the two.

In 2017 THG bought UK2 Group, a web-hosting business, for 58 million pounds, part of an effort to scale the Ingenuity business. In its 2017 annual report, THG said the deal gave it 29 global data centers “situated in strategic locations.” In fact, UK2 Group only owned two data centers: one in Canning Town, London, and another in Logan, Salt Lake City, according to people familiar with the deal, who declined to comment on the record because the information was private. For the rest of its global business, covering Europe and Japan, UK2 Group rented from other providers. While the deal did increase THG’s ability to host third-party websites, renting data centers did not secure those assets for the long-term.

As THG invested, Ingenuity attracted the attention of one of the world’s largest tech investors. In May THG raised $1 billion, with SoftBank Group Corp. becoming a cornerstone investor and striking an option for a 20% stake in Ingenuity. The deal valued the platform at 4.5 billion pounds, far more than its parent company. According to THG’s most recent half-yearly results, Ingenuity generated just 9% of THG’s total revenue, while Beauty brought in

THG Plc Founder Matthew Moulding had reason to boast in February when he declared on Instagram that he had logged “500 consecutive days of making it into the gym.”

He had plenty of other milestones to celebrate, too, including becoming a billionaire thanks to THG’s initial public offering in 2020. The company’s shares were trading near a recent record high, with customers and investors alike impressed by THG’s focus on products — such as makeup and fitness supplements — which have become wildly popular with social media users.

The good times didn’t last. THG shares soon began a steady decline, which turned into a collapse in October his year. The stock fell 78% from its January high after the company failed to convince shareholders that it wasn’t just an e-commerce firm, but also a high-tech software platform.

THG is now trading well below its IPO level, and is considering options including selling its prize assets — the beauty and nutrition units that bring in the lion’s share of revenue — according to people familiar with internal discussions, who asked not to be named as the talks are private. THG has also discussed whether to take the company private again, the people added, declining to comment on the record about ongoing plans.

No decision has been made on whether to go ahead with any sale, the people said. But a disposal would mark a decisive end to a period of hyperactive growth that made THG one of the most talked-about companies in Britain, a poster-child for the kind of growth-oriented, tech-focused outfit that could help revive London’s moribund stock exchange.

“THG is not considering or exploring a sale of either its beauty or its nutrition business,” a spokesman for the company said in an emailed statement. No executive was made available for comment.

In 2019, THG held its annual summer party at a company-owned members club close to its Manchester airport headquarters. The event celebrated THG’s 15 years in business. By the end of 2019 headcount would double, to 7,000, and sales would pass $1 billion for the first time. For THG’s new staff, often young graduates, mid-year and Christmas parties offered a much-needed break from THG’s relentless startup culture.

Staff worked long hours but enjoyed plenty of celebrations, according to over a dozen interviews with current and former employees. In THG’s beauty division bottles of prosecco were opened at breakfast every other Friday to celebrate hitting targets, with a DJ brought into the office at the end of the week, people said.

THG’s evolution to a multibillion-pound company is inextricably linked with Moulding, 49. A former accountant, he and co-founder John Gallemore started out in 2004 with an e-commerce business selling CDs and DVDs. They moved into personal care with the acquisition of Lookfantastic in 2010, followed by Myprotein in 2011, just as social media supercharged Britain’s interest in glamour and wellness.

Danl boo have 70 million in cash and lending facility of 100m in place as well.

Pretty sure you can buy a huge warehouse for 70 million without having to go back to the market.

iangibbins67gmai there is no open shorts unless you are saying you have some inside information on something that is not disclosed?

I don't know of this model, it is on a logarithmic chart.

https://twitter.com/100trillionUSD/status/1472241754837557256?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1472241754837557256%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fd-2947139306827724302.ampproject.net%2F2112032204000%2Fframe.html

A city in Tennessee is set to become the first in the Unite States to add cryptocurrency as a payroll option for employees.

Jackson City Mayor Scott Conger, who is a long-standing bitcoin advocate, said the move will “bring more opportunity” to the district and provide local government with different ways to finance things.

“It’s not something that’s going to be required,” he told the Jackson Sun. “It’s an alternative. Think of it like you’re investing in the stock market. What do you want to do? You’re want to diversify your investments. And this is just another way to diversify the portfolio of how we generate revenue – potentially throughout the city.”

Sounds like they borrowed money and bought at the recent highs and want to get back into profit to me.

I think it was actually bidens build back better bill being rejected that crashed the markets and sell off yesterday. It was 2 trillion spending that was unexpectedly rejected by manchin on Sunday yesterday. There is a lot of the safety nets put in place by Trump come to an end in just 5 weeks and that is a fiscal cliff. The 2 trillion was to stimulate the economy to get jobs etc going and the effect. The consequence of that is the USA GDP will be lower than expected and the stockmarkets will come down.

In short.. People withdrew from the market and bitcoin is like any other asset at the end of the day.

Ftse futres up 73 +1% as well

Nice little bump up to wake up to! Arb will open up :)

GLA ATB

nobody going to share what they are interested in? :(

100% agreed Gary. They are all in different positions. I thi k you will notice the point assuming English is your first language that it could still be worse.

Atb amigos

I take that back. What's the reasoning behind it becoming a penny stock? I of all people should be listening to opinions after all that is why I am here looking at boo in the first place! #OpenMinds

Come off it even with a Ri this isn't a penny stop even I think there is limited downside to 30p 40p max.

That said I remember being taught when it falls 50% there is always another 50% and another 50% and another... % don't work in pennies

Pmsl safer in the bank.. have you not seen the inflation rate atrades.. he wouldn't be able to afford bourbons at this rate! Did you see the uk has a biscuit crisis?? ?? like how do we survive now!!!

7122 posts and you don't know how to check?