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Licker, I’m sitting on a 125p av now after numerous large buys to get the average down, so today is a good day, let’s see what the next month or two delivers - Probably more twists and turns than a twisty turny thing. GLA
Of course the majority of posts are positive as we’re invested hence a bullish long term outlook. People who are not invested and come on here give negative points of view, why come on here? I don’t go onto other company boards and slate the company outlook, life’s way too short.
I bought another £5k chunk this morning, every time it goes back into the 80’s I buy. Reasonable average now of 125p but have had to throw a lot at it as I bought in when it was a lot higher. As mentioned below I feel MM won’t stand still and will evolve the business and even diversify into new things. He clearly is an ideas man and I’m confident to be on his side.
I owned a business up to the end of September which supplied Acheson & Acheson, obviously taken over by THG. They write to me at the time, payment went to 60 days, paid on the button every month. That article seems to be the old cult staff not happy with the THG way of doing things! Obviously consolidating the warehouse operations is just good business practice, what a nonsense article. I look for contrary views and insite, after all my hard earned is at stake but that - geez.
I’m a long term holder and think it’s a great business and MM is a clever bugger and always thinking outside the box, as people have often said you don’t grow a £2bn plus business from scratch if you’re a plum. I am though highly sceptical about some sort of GameStop squeeze and the price goes parabolic, I get the impression a lot of holders are expecting this sort of scenario. I can’t see it happening.
I apologise if someone has already mentioned this. I was thinking about nestle visiting THG, could they be sniffing around buying nutrition? Or was it purely a visit to look at how THG handle nestle fulfilment etc? I’m probably speaking out of what I’m sitting on!!