Hi HH, 3-6 months. I do keep thinking something is in play here but with the continuous pump and dumps I become less sceptical.
Guys do you think the only option is a MBO in the short term? MM would veto any hostile take over while his GS is valid. When the GS has finally gone I would like to think the SP would be considerably higher which could make a hostile bid more unattractive.
I cannot see how any MBO would remain a secret? It would get leaked somehow and they will react. I would take £2 all day long on this market.
Look at these algo’s. Zero chance they are letting this go and trade naturally.
Sorry Steve that was an emoji. *100%
?? Steve, this is last phase of the macro phase. When things are braking which they are starting too. Bond markets are screaming for a rate cut and then we enter another phase of QE and markets pump again. For me the question is will THG get a low ball offer/MBO during this macro environment when valuation are as low as they are? Or will we hold on and watch a steady rise in 2024 etc
Steve is bang on right. I’m astonished by how many people think the banking crisis is Fud. Also the algo’s are in complete control here as ever. We are going through the last phase of this macro cycle and it’s going to get messy in the coming months.
Is the “formidable Franck Tuil” buying this morning?
The SP is clearly going to drop to day. The banks are on the verge of collapsing and you lot bang on about Kelso group who own a few million shares and Sparta who have not disclosed any holding. As Ste mentioned we have had no volume to warrant decent buying. Until the latest banking crisis unfolds I cannot see how we will achieve a sustainable rise in sp.
To be fair to City Spy I’m pretty sure he mentioned another activist investor was circling about a month ago
Looks like it will be back in the 40s next week. Awful share to be involved in sadly. Worse then being in crypto to be honest.
Looks we are waiting for City Spy and his mates to commence the next pump. How can a £1b company have such poor volume….
https://techcrunch.com/2022/06/16/goat-brand-labs-a-house-of-d2c-brands-in-india-raises-50-million/amp/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvLnVrLw&guce_referrer_sig=AQAAAIrn1jUIfKe4BlXe3OA662coBwfCHEnr-nWPI6A1sITCO2HEloFwjoXKc22dJLDZ9wX9w4CLlX-nScRZlVFxNMsrjQMClR0iJf7AfvZuGDLMWtwr__iooDifE_mFM3JE9SLNpetyWX_5BHY33CIecaZ1LfqykhB7S7Gn5So1FZVh
They look a bit like a mini THG. Accruing brands and scaling them up.
Seems they are increasing after the latest macro back drop. America is ripping tonight on the “big bank bail out” for FRC which may serve us well for tomorrow. It’s good to point out the chancellor’s announcement of the UK avoiding recession and inflation dropping like a stone by year end.
US markets are ripping because JPM and other larger banks are saying they will offer support to smaller regional banks.
Completely agree Canary. Kelso have no voice with these current disclosed holding. We will back at there buy in level today. After so much detail in the RNS they are looking a bit foolish
Great post Steve. There seems to be a lot of chat of Ingenuity listing on the Nasdaq. A valuation in this environment would be horrific for ingenuity. For example, Stripe have just completed a fund raise valuing the company at $50b, last raise was $100b.
Kelso need a sizeable holding to back up the RNS they issued.
The only thing saving THG from a hostile bid is the golden share. It would be finished without it in the current environment
Pearls, they will know exactly what is going on at THG and they won’t be looking at a website. I read something yesterday from a fund manager, “these markets are trading not investing.” That is what we are seeing with THG.