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Lazy, I agree regarding the difficulty in securing equity funding for small cap businesses, but as you also highlight, deals are still being done.
Unfortunately there is likely disparity on the valuation of Line Hydrogen vs what the existing directors think the business is worth.
With interest rates at the levels they are, investors need stronger gurantees of the prospective returns they are chasing from speculative investments... Does Line Hydrogen provide that? I'm not entirely sure, given lack of any accounts/financials, which is concerning to me as a holder in NZI.
Wish you a Happy New Year in advance and hopefully a strong return for all holders in NZI for 2024!
People just don't seem to get it, but when the SP is back into the 20's, then at least you can say told you so!
Shaz, I personally think this could fly tomorrow, and so it should. It's too cheap and seems to have much more potential than the NAV it's reporting.
People criticize JV but he's done a stella job here IMO and good on him releasing the after hours RNS... although I think that is maybe due to timezone differences and not necessarily on purpose.
This brand was great 10-15 years ago, but I just think it's now had its day, hence the slowly disintigrating SP over the years.
It can't compete on price with the cheap and cheerful like Primark (nor should it ever want to) and it simply can't position itself as a premium brand, sold in the likes of Flannels/Diffusion.
I think it can be saved however, but it needs to collaborate with designer brands, similar to how Adidas/North Face did with Gucci (people might call me crazy but I geniunally think that could kickstart this brand as premium designer).
Clothing quality is decent, but the stores are packed to the rafters with stock... it's not creating a FOMO atmosphere with the consumer, it's further damaging the brand, especially with the younger consumers today!
I unfortunately see a further decline in the SP and for that reason, I wouldn't buy these yet... already lost too much on dieing clothing brands!
GLA, DYOR, AIMHO
Look at the buys! I'm expecting another TR1 tomorrow!
Misquote, the 20% CAGR is actually almost 30%. I was almost being as prudent as Jaques with that rounding!
SP has pretty much halved this year, yet still delivering CAGR of 20% and trading at 50% of fully diluted NAV. That NAV also doesn't factor in the LS put option.
Surely if that were taken that into consideration, this company could be worth north of 30p today? (Appreciate today's update factors up to end of June 23)
I might be missing something non-financial here, but do hope to pick up a few more around the 12p mark.
I think I may have missed the boat now though, with that cracker of an update!
AIMHO, GLA, DYOR!
sage, it's a main market listing not aim and would like to think that the advisory firm in questions has shored up its dealings having had the fca on their ****s.
.... but get your point regarding the lack of action from shells delivering rto's over the last 24 months, still advisors, directors earning their compensation regardless of outcome...
To me it feels like this brand has lost it's way. When kids would rather have an £800 jacket from Flannels, as opposed to a £100 one from Superdry, it explains the problem. Not denouncing the clothing quality, as that's pretty decent but the brand just isn't as desirable as it once was. In my view, It needs to go more premium, sell and offer less for more . Shut stores, keep the odd few in prime locations and go digital, premium. Imagine the overhead savings, coupled with the stronger margins! Yes, revenue may take a hit in the short term, but that's already the case! IMO, GLA.
Mm to call an EGM I wonder? He's taken 6% now...
Only a matter of time before someone tries to oust BOD member at THG and force a break up. There's few who would vote against unlocking the potential of THG underlying value, so that makes you wonder what defence THG BOD have up their sleeves... they can't play Pacman with everyone
Now THG affiliates, both past and present, have shown their hands by taking a stake and Kelso have RNS'd indirectly what caused that decision, it makes you wonder what happens next. Only 5% is required to put forward an EGM, so stopping at circa 3%, may represent a bit of a warning.
I don't blame you Moniman for taking profits, I have a little, but left some in also as think could be a good show to come!
Gone remarkably quiet, has it fell through?
I'm not too sure about this being a
Pacman defence personally as the stake in THG is so small and it's been traded in the short-term, with gains beng realised.
I expect more TR1's in coming days and maybe even an EGM at the request of MM if he can get the sufficient.
Could be fun, GLA, AIMHO,DYOR.
Took profit and then a non-exec of THG takes 3% of these. Clearly something looks to be going on here...
I called this price guys! And people told me I was nuts after the last profit warning.
I wouldn't have personally sold on today's RNS, but would likely be buying more. MM appears to want the market to know he's got skin in the game here, hence the TR1. Funny thing is, Kelso have been trading THG, having sold a tranch over £1, so it would look to me, his intentions may be just to buy this outright for the holding in THG (which he must clearly think is a premium to the price Kelso paid, and today's SP)
Very crafty on his behalf...
AIMHO, DYOR,GLA
Super, I disagree with your assessment. The BOD appointments are red flags, CEO looks to have been ousted and the ex Debenhams FD appointment is a concern (less said the better on how that scenario was handled) the only thing left going for this company is the 40% of the JV, which IMO should cover the current MCAP.
IMO this will end up becoming a salvage job, for the benefit of the creditors . I really worry about what ends up remaining for shareholders...
AIMHO,GLA, DYOR,
The EGM is just a cash drain, waste of time, which has already been confirmed as going to be rejected, so no point in that being put forward really. Current BOD can't continue any discussions with any prospects with that over their head...
IMO if that were to be retracted, and the gent putting in the EGM was to have a meaningful discussion with the BOD, this could now be a very attractive vehicle considering the Cash to MCAP. (Possibly one of the cheapest on the LSE to my knowledge)
AIMHO, DYOR,GLA
Why can't I buy any, but I can sell a pretty sizeable amount in one transaction?
It signals to me, that someone is accumulating and now I have seen this article, to try and intimidate people into selling, this just signals to me a potential ploy to gather shares from the weak holders to force through the EGM vote.
You can have my shares Doc Holiday. But not below 1p.