RE: Clutching at straws again !9 Jul 2023 08:57
I actually think that this is good news for THG and all its shareholders as it's a fantastic return on investment for the odd political donation here and there. The fund was set up as it says to ensure British export businesses have funding assistance and insurance guarantees backed by the UK government, to do business and thrive in overseas markets. THG have 18 fulfilment centres globally and ship to 195 countries worldwide. It's a drop in the ocean compared to the capital expenditure that has been expended on building and establishing these businesses. Whereas the football clubs ability to benefit may seem a bit tenuous THG fit exactly the mould of the type of business this funding should benefit. I think we would all be miffed if this specific "export" funding was available, we qualified, and we didn't take advantage of it.
My only issue with the article is the use of the word "struggling". The writer clearly didn't read the last Trading update and they might have to eat their words come the next update in September. That's if it is not in private hands by then and with no such requirement to report as such.
https://www.lse.co.uk/rns/THG/agm-trading-statement-3tiv1rcjrlybudy.html
Add on, now into 2 posts of THG Nutrition expansion into UK, European and Asia, supermarkets, gyms, airports, ... since and with some very tasty ice-creams just launched and with Ice cream lolly's and Choc ices to come in September and Cereals, Yoghurts and Cheese also coming before year end.
The days of an HF trying to place and trade poxy news stories imo have now been replaced by much bigger dynamics of the Golden Share gone, Dubai trip, Better than expected Trading update, Property sales and what they are leading up to and the now antics of spread betting companies trying to encourage the closure of long positions with significantly increased margin calls.
Its been a long time since I have seen any share with so many positives going for it and so much so that not many at all tempted to sell and even the "fast cash" 35% seems to be reduced to a trickle. At these prices and with the GS gone it can only be a matter of time until next Bid or an MBO.
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