Member Info for LGO-fan

Hi Windows,

Amazing trade: we'll done! I am not one for taking advice from others: not because I am smart but simply because I like to trade what I know. And by definition, if I get advice it's about something I don't know. Too much trial and error (and usually a lot of errors) are needed to learn trading a certain asset I think. Just my 2 cents.

My view is that there is still strength enough in the usd for a while vs currencies like gbp. Not just gbp, but I stick to what I (think) I know best. The UK economy is not in great shape, borrowing has grown a lot lately and will only go up. Inflation will continue to rise, pushed by fx, energy cost. Disposable income has been squeezed, there are no big plans to boost the economy and even when they appear they will take years to have an effect. Productivity is low in the UK. Political leadership at an all time low. We could go on for ever. Confidence (a major factor) in the UK economy is low too. I see only weakness in sterling for a while.

Yeah. Rude awakening incoming

You will likely not own this because there is a good chance Canary will end up owning over 60% if I am reading this correctly

cheers: my belief that current political class in the UK is worse than the US one, is unshakable :)

Re the equity raise: at least I will be the moral winner, lol

is this a reverse take over? in car so can t read in much detail

I think Mr Beckham had plenty of time last Monday to reflect on his investment portfolio and has made a sensible decision. Pretty sure more to follow. If they buy back
after the equity raise, then I assume some may have a word or to say about that :)

Well, the month ain't over yet. TBH, does it really matter when it happens. Pretty sure it will. They just launched another loss making business overseas. Hardly going to help, is it.

Maybe it is to sucker a couple more investors in when they raise equity. "Now also loss making in the US"

it's been parity for 12 months now. Have been laughed at ever since :)

"only", lol

Same here, Windows:-)
On top Mr Kwarteng is cutting my taxes. Boom!
Bubbles!

I can wholeheartedly understand the excitement about a US entry. But I can also understand the sceptics. At the end of the day, the business has yet to demonstrate success in the UK so extending to another market feels very challenging.

At the same time, what does the RNS tell us? We have opened a webshop in the US. Ok, not the biggest deal. It's not like the have broken into retail and will ship pallets of boxes any time soon.

So for me this RNS has a big "so what" factor and I doubt this alone will do very much towards the SP. Hopefully for SH's, I wil be wrong.

btw, tempted to film myself explaining why to long on the usd , put it on Youtube and then say, "look at this intelligent man" ...probably a bit too much lol

The global CBD beauty category is absolutely tiny. And there is no compelling reason for a CBD brand in that tiny markets. Consumer vote with their wallets. They are not voting for this one - hence that segment of the market is tiny.

The wider beauty category is indeed very big. But they have no right to win, and no right to play there as they have no brand, nothing unique and no marketing dollars.

Common sense, like Elvis, seems to have left the building

hahaha, we are both (relatively) clever.
Think there is some way to go for my long and definitely your short

I hear you and understand where you are coming. The general CBD trend was also why I initially checked out CBX. However, as soon as I understood they focused on beauty, I decided to wait and see. Glad I did, btw, and I feel they are wasting time, valuable resources (paid by shareholders) on trying to create this beauty segment. If people believe that CBD's benefits lie in health and wellness then give that to them. Going against that tide is unwise IMHO and destined to fail. They are simply fishing in the wrong pond (and it's a tiny pond)

Many on here simply don't seem to realise that all the hype about CBD/G is in markets where CBX is not present. CBX plays in beauty, companies like LoveHemp focus on health and well being. CBX hired a CEO from the beauty industry.

So all that these articles like LoveHempy launching in Tesco show, is that CBX is focusing on the wrong market.

I find it odd that these would be good news for SH's

hang on: you guys keep telling me your ingredients are "unique". Even patented according to some. Now you are saying that every manufacturer can provide them. So probably not so "unique" and rather generic (otherwise not every supplier could provide).

I think you are right btw, it's because the ingredients are generic that many suppliers will be able to source these for CBX

Sterling ‘battered’ by dollar after ‘frightening’ forecasts drive the pound closer to parity

https://inews.co.uk/news/business/sterling-battered-by-dollar-after-frightening-forecasts-drive-the-pound-closer-to-parity-1828533

and why is that? Because you can always find many suppliers to get generic ingredients.

*product