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Ha, Boo are up on their investment....do you work for Chrysalis Investments. If this was going to fly there would be no end of claims against all companies. Seems like its just a bitter move in the hope of a hand out.
Results do not need to be stellar, just in line with guidance. Massively under priced, if they can maintain a stable course then naturally the SP will increase.
Believe they will upload after the event. Assume it will be posted this eve.
Revenue growth miss but my concern is the debt. Seems to be on a profitable track and now the invitations can be made to funders for growth.
Lets see.
I think only once the FCA has decided can admission be discussed as only then it will be clear what he's liable for. Based on this settlement its clear he is accepting the claim was valid therefor he was at fault.
I assume the FCA will fine him directly rather than the company as he is to blame.
I'm sure from Minto's perspective this would also be his preference as his has a large stake in the company and the fine would be minor compared to SP drop (and potential rise when he takes the hit)
GBP 32m cash build in 6 months is impressive. In construction cash is king and Costain has lots. Interest alone would give a P/E of 20.
I don't think MM has any intention of THG going private. Based on his personality I think he wants THG to grow big publicly, he enjoys the limelight and does not appear to be of a opportunistic nature. He has had ample opportunity to take this over on the cheap / be on the inside of a deal.
So await the RNS tomorrow stipulating the opposite!
I personally don't see how GBP 2mil. would really impact the SP. It equates to 0.006p per share.
5% spread!
Captial markets day will be held in Jan. After Xmas trading as per the presentation
Shhh, don't say it
Very impressive presentation - good clarity whilst being concise.
Still question marks over some of the legacy issue but they are too complex to cover.
Presentation is a good touch. Hopefully taking the time to make a strong first impression....
The idea is that the money stays within the business rather than paying these costs externally - take huge upfront capital but ultimately reduces costs going forward and is supplemented by external profits. They were trying to highlight today the benefits of this but didn't really quantify it. Effectively as ingenuity grows it actually reduced the cost to THG other businesses is my understanding.
Is THGs modus operandi to have these verticals - no different to buying the manufacturing capability for beauty etc. All this means is that they have a very complex organisation with multiple verticals.
The takeaway today however was that they feel the rewards should be reaped next year and in future. If they fail to deliver next year then their is very little excuse.
If they get it right it could be spectacular however with many moving parts its more prone to risk.
You must be rather naïve to not think every paper is influenced by its owners. Every single one has their own mandate from above.
There is obviously a range to impartiality and bias so far CityAM seems balanced has is avoiding sensationalism / negative rhetoric