Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
I came across this video with Ted going through the latest asos accounts report, I found it really useful and helpful, you may, too.
https://youtu.be/pDxCpjt1S0k
I am desperate to see the SP going up again, but I don't understand the excitement really. Softbank sells for 39p and is this good news? 39p! For me it is a disaster. Instead of seeing new investors coming in, we see investors being running out.
It's different if you own the share and it's different it's you use CFD or SB, because in the latter case IG owns the share not you, you hold a derivative product. If as they explained the position hit their limit, they stop offering in leveraged instruments.
The don't buy because they can put their money somewhere better or they believe the price will fall further. The problem with equity shares price falling is that no one buys because they know that the price is going to be cheaper tomorrow. Let's don't forget that there is a world sell off currently.
I agree with you guys, it should have been a RNS... I think THG doesn't give a cr4p for investors anymore. They had the IPO, took the money for growth, some of them became millionaires and now its business as usual for them. We have to sit on our paper losses and wait until the sentiment changes or miraculously an take over offer comes.
I don't know Hosai, maybe I am overreacting. I am invested to all the companies you mentioned (with a huge loss of course) and I am sure every CEO went on holidays, but Matt had a big mouth, blaming City, blaming media, moaning about the SP, promising smashing the numbers etc. His rhetoric raised expectations, but unfortunately so far has been a facade. If he was more modest, I would think of him differently.
Do you really believe him that had many bids? Especially after the fiasco or better say parody of Belerion? I didn't believe that this was an honest take over offer, but I bought more because I thought that this will bring other bidders... No one came forward though, no one cares for THG at this stage. They don't even care to invest and they were right. 40p... from £8 to 40p... The only people we see value on this is the few of us in this board and anyone that shorted it.
Infuriating to see MM showing off with his luxurious holidays. Alright he is rich, I don't say to illegalise wealth, but in a time that some investors in THG have lost more than 90% of their investment, he should have been more humble. Instead of holidays, he should be working hard around the world to find institutional investors to help with THG's growth.
What positive news? There aren't any . Many thought that the SP is manipulated but the reality is that it wasn't, the proof came last week where THG chopped its numbers. Market knew better.
And MM instead of being humble, he post on instagram pictures of his lavish holidays, when many investors lost their money... But why he should care, he plays safe, he took all the real estate and have THG paying rents to him.
Also MM is full of cr4p, he was annoyed when the SP was £2 and he wanted to take it private, the SP is now 40p... He words worthy as used toilet paper...
Anyway, the only reason that I am still holding is just in case there is a take over offer, which I really doubt.
Let's see what's going to happen on Thursday. The reality is that THG SP reacts only on negativity and any positive sentiment on the market leaves it idle. For that reason has been going only South all of these months without a stop to catch it breath. Very frustrating! I hope Matt has something to show us.
Let's see what Thursday will bring... I thought we would have a run towards the HY report, but nothing, yet. The performance has been abysmal. We haven't seen neither a relief rally, only constant decline.
Good luck, because we need some.
What I cannot work out is this, the inflation is mainly driven up by energy. The paradox is that there isn't lack of energy on the planet, but it highly speculated. Instead of focusing on this and to create rules about energy trading, they try to make common people to struggle. Rise rates, rise unemployment, cut back on spending. Basically, forget your life style, spend all your income on mortgages and heating/fuel. No money left for anything less.
Like OPEC on Thursday, they said that if the price of oil falls further, they are going to cut production! And no one says anything!
In particular for THG, if a TO offer doesn't come, unfortunately, I don't see how the SP is going to go close to £1 anytime soon.
Air lines operate on fixed costs, no matter how many passengers are on the plane, it is going to cost the same to fly from point A to point B. Scraping the number of flights, can be positive in the current economic landscape. We know more people are going to struggle, less will be able to travel abroad and probably in IAG see this in future bookings. It only make sense that there isn't any point having 5 flights a day to a destination when you can fit everyone in 3 flights, charge them more and cut costs from fuel and personnel by not flying half full airplanes.
Of course they worth millions, because they haven't added to their positions for year... I would be richer too if I had stopped buying the Dip all the way from 3 to 0.5.
Umar Kamani worth more than £250 millions star Boohoo bought PLT for a valuation of 1 billion a couple of years ago. To put it in perspective today Boohoo's valuation is 600 million. A couple of days ago he spent more than 100k for buying NFT lazy monkeys instead of buying some boohoo shares! Of course, is his money but no, I will not thank them for the job they are doing. Actually if you see the balance sheet, haven't performed that great actually.
There are 2 kind of people, these that they cannot predict the SP in the short term and these that they don't know that they cannot predict the SP in the short term.
It is hurtful every time I see my portfolio with ecommerce growth stocks like THG but I try to remember Investing itt isn't about timing, it is about time.
Unfortunately many restaurants / takeaways are on the mercy of delivery platforms. Many simply cannot operate without them. The potential is huge. It isn't about the delivery only, is about all the data that these kind of platforms collect. Tastes, habits, cuisines, restaurants, advertising, discovery
It's really sad, when you have done your research, you are a happy customer and consumer of their products yourself and people you know, taking a long term position because you see your value and the only think you are hoping currently is for a TO offer above £1.5... It is sad, but for me is the only hope...