Member Info for Overtrader

I said we're better placed for success now, not very controversial really..

I'd be happy just to get my money back at this point. I was a bit naive/overly optimistic with the likelyhood of success with the first KSZ drill. The lack of immediate discovery/passage of time/general macro events and market sentiment have all played their part in the decline, it's not entirely fair to pin it all on mangement and I think all have learnt a lot along the way - we're certainly better placed for success now than we've ever been. There's room for plenty of upside from here.

I'm in for a punt. Re reading the RNS's they're very clear it was the timetable which got in the way, they have been careful not too close any doors. Then this morning's RNS comments about salvaging value to shareholders. I don't think they're done yet.

No RNS.. tempted at this level.

I had a chance to pick up about 200,000 at 0.6p, hesitated and now NT for me as well. Maybe a good thing...

Shaping for the next leg up on the 5 min.

Stong update today. Share price looks to have based.

If I was short here I think I would read that and decide there's no reason to stay short following that update. The tide is turning.

I'm 'excited' to have secured an extra £3m to fund us for at least the next 15 months without any damage to the share price. With regards to the dilution, we've seen how much the share price (and mcap) has moved on very little volume so I'm not even convinced how much of a difference that will make. The increased volume of transactions that will occur may even be a positive.

That's your opinion NiVig. All I'm saying is the market isn't concerned.

The ultimate arbiter i.e. the market seems to be content with the placing. The share price hasn't moved and we've got an extra £3m in the kitty. I'd say that's a success.

Interesting reading Slipershare's posts on the NEW board, he can string a sentence together!

I agree Davey. I get doing it if you're fortunate to catch an RNS early but why take such risk on stocks with such large spreads after everyone's seen the move? Odds are hugely against you.

Chris on reflection I agree with you. The SP has held well this morning and there's very few shares to buy currently even above the placing price. The chart looks like a nice base has formed with plenty of support back to 2019. With such a large amount raised funding is secured for a long time. Very likely the bottom here.

I accept the need to raise finance but disappointed this couldn't have waited until after the results of PL082 or at least some firm evidence of progress in the KCB at a substantially higher share price.

There will have been a lot of stops flushed out just under 48p hence the sharp move. Hopefully done.

...Looks like we could be waiting a while.

Also worth noting the price is now sat right on a rising 50 day EMA for the first time since May, this is likely to encourage buyers as a sign its fortunes are reversing.

China reopening is the catalyst for a rerate here.

Nice summary Justice, thanks. I took a position this week, mainly on technicals. My relatively outside perspective is that the market is still trying to find a fair value for THG, If it stays public as it matures it will settle at fair value, Asos and Ocado you mention have had many years for the market to form a consensus valuation. At £8 it was clearly over valued and benfited from the tech covid bubble, at 32p clearly very undervalued but I and I'm sure many others were watching and waiting for a signal of a reversal. Given the steep rally from 32p that looks to have formed a very clear bottom and there will be plenty of buyers confident mopping up shares anywhere near that level now. There's also good support at 48p as demonstrated yesterday. So in summary from a technical perspective I believe this was a defining week for THG and feel the risk from here is firmly to the upside.