Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
@flyer - I don't completely disagree, but personally I think this country would be in a far greater mess today if Corbyn had been elected... I like capitalism. I also like to support the UK. Which I guess is probably quite obvious considering I'm on this bulletin board and investing my hard earned cash in a British business.
4m shares gone through after the UT shown on ADVFN
https://uk.advfn.com/p.php?pid=trades
@Nuri
You need to close you PUTS before its too late.
Day to day, there may be some fluctuations in price, but it's on an upward trend now and no one on this little message board has any real influence over that.
You're wasting your time.
Profit taking. To be expected.
Personally there's I'm no way trading this. Not with 3 days of green, nice volumes, and a media starting to support the stock. If I sold, I guarantee the stock will just go up a few minutes later. It always happens.
Real FOMO hasn't even kicked in yet
Just also seen on ADVFN trades 4.3m shares in addition to the 10m UT being traded at 18:46 yesterday.
Registers as a buy with the trade at 188.90p and the Bid/Offer at 187.90p/188.80p at the time, but when it registers on most systems first thing Monday morning it will look like a major 4.3m sell off from today's 190p UT price. Something for retail investors to be aware of and not panic over when they see such a large sell volume first thing Monday morning.
It was triple witching day yesterday so we expected bigger volumes. Hopefully we'll see some further reductions of short positions on Monday, especially considering Cube's slight short reduction on the 16th December and Barclays latest 630p overweight reiteration last week.
https://www.investopedia.com/terms/t/triplewitchinghour.asp
"Triple witching days generate trading activity and volatility because contracts that are allowed to expire may necessitate the purchase or sale of the underlying security. While some derivative contracts are opened with the intention of buying or selling the underlying security, traders seeking derivative exposure only must close, roll out, or offset their open positions prior to the close of trading on triple witching days.
Triple witching days, particularly the final hour of trading preceding the closing bell, known as the triple witching hour, can result in escalated trading activity and volatility as traders close, roll out, or offset their expiring positions."
US trading much better currently, especially in tech. All the ones I hightlighted earlier below are now blue (except MSFT). Nasdaq now blue.
Maybe the latest news from South Africa on Covid is helping, with far less needing hospitalisation than Delta, and most not needing ventilators or oxygen, most just breathing natural air and being monitored.
Seems to be holding up far more naturally today. Lots of 10,000 ordinary orders going though during the day.
People starting to see THG as a good investment from the small amounts of more positive news coming through now.
Not seen much FT/Times/media FUD on THG for a while.
I expected a bigger 4pm drop with traders taking end of week profits but is looking relatively good.
LinkedIn ad
https://www.linkedin.com/posts/thg-ingenuity_thg-ingenuity-x-homebase-activity-6877608333981839360-zfuf
Video
https://vimeo.com/514007292/5ac4cfaf3d?utm_source=website&utm_medium=webinar&utm_campaign=ingenuity_x_homebase_case_study
I think we need to ask ourselves why two of the most negatively targeted LSE Tech stocks over the last few month (THG and DARK), have both had a couple of days of nice gains when most US Tech Stocks are having a really bad time over the last 2 days. I think the market feels these are now safer investments now than many US tech stocks.
US Stock / Yesterday / Pre-trading today
MSFT / -2.91% / -0.88%
AMZN / -2.56% / -0.77%
QCOM / -5.88% / -1.31%
AMD / -5.37% / -1.49%
AAPL / -3.93% / -1.17%
PLTR / -2.76% / -1.85%
FB / -1.98% / -1.05%
TSLA / -5.03% / -1.41%
I could go on.
Thanks for that Marek, yep, 0.58% reduction in sales and 5.52% reduction in profit forecast should not be a problem in this climate and already baked in considering the update was on the 13th like you advised.
Personally I think THG are very diligent in their information sharing and I don't get the previous concerns about corporate governance. Their investor relations website is one of the best out there.
Hi Pander, Apologies. I misunderstood your first post and wrongly I assumed for some reason you were out and would re-assess post xmas. Fair enough and good luck.
On a separate point, NEXT earlier this year came out saying they wanted to become "the OCADO of the fashion industry", use their platform to sell other brand products, a little similar to THG. For THG to pick up Matalan to take improve their online offer and take the company global think it's a good sign of things to come from the other 400 or so companies THG already have on their orderbook to take live in 2022 as they mentioned in their Webcast. Loads more to come. :-)
Good luck Panda
Personally I thought you had the right strategy though when you said 23rd November as below. I guess you sold on the way down rather than buying more to average down.
"I got in at £1.87 and I am still in. I wasn’t looking for quick trade Gain over a week or so, my bet is based on the xmas trade period. I choose to go with following:
a) that christmas trading and margins will be very strong
b) that international markets will be very resilient in the face of covid
c) further progress will be made on ingenuity
So my play is to stick till 2nd week in Jan and see what the RNS says."
From my point of view as a long term investment, you got in at a great price. Many people here are holding at way over £2.00. I'm at £2.20 currently.
I know they don't always mean much in the short term, but latest broker ratings as follows:
Date Broker Recommendation Old Target New Target Rating Type
10-Dec-21 Barclays Overweight 660.00 630.00 Reiteration
05-Nov-21 JP Morgan Cazenove Neutral 347.00 236.00 Downgrade
03-Nov-21 Liberum Capital Buy 1,080.00 750.00 Reiteration
27-Oct-21 RBC Capital Markets Sector-perform 715.00 510.00 Reiteration