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Https://www.cityam.com/land-milk-honey-why-new-york-may-not-be-panacea-for-uk-firms/
“Valuations are dependent on company performance and not listing location”
Mostly true unless your CEO p*sses the City off on a weekly basis 😂
You had your Horlicks too early there Golden. Fell asleep halfway through because you were even boring yourself.
I read that too but I didn’t think it correlated to overall results, just some recent MyProtein specific ones.
I think investors are nervous because they have been let down so often by Moulding that it’s hard to believe the results will be as forecast. A lot has happened in terms of governance and structure at THG in the last 12 months, so while I’m very positive about the future, this set of results is a watershed in terms of delivery so I’m crossing everything in the hope they will come through with the goods this time.
£100k for 50 staff! I hope none of them actually live in London.
I think it will continue to slowly rise into results but nothing out of the ordinary and then it’s in the lap of the gods. Fingers crossed they actually deliver this time.
Of course nobody is paying £3 for this at the moment but one good ER and that changes. if the sp spikes to ~150, all of a sudden £3 is realistic.
I agree and with any other company we would see a more realistic sp but with this one it feels like until we have a good FCF number, it will be held back, especially in the current high (relatively) interest environment.
OSG - you are a one man THG PR machine 😂
Nobody benefits from a echo chamber but if we are going to get silly about numbers, at least have something more than just technicals to back them up please because business is ultimately about selling goods and services. Feel free to keep trying to time the market though, I hear the beds in the poorhouse sometimes even have pillows these days.
Kando, I have no issue with you having an interest in charts and technicals but you have to be naive not to realise that that sort of talk, when there has been no material reason for the sp drop apart from normal market conditions, just feeds into the FUD merchants agenda. So you are either really naive or subversive.
I'm not being funny Kando but you had it freefalling to mid 60's only a few days ago because there was no support from 93 down. You were even entertaining mystic Crowman with his 30's prediction. If your technicals were so accurate, you wouldn't need to be here, you would just be racking up the money quietly in your 12 bedroom pile on Sandbanks.
Mwelsh - Technically yes but the disparity is whether it was bid or ask as there is always a spread.
I believe the business is massively undervalued compared to others with similar fundamentals, however, we are missing a huge piece of the puzzle in terms of firstly , actually returning results which have been forecast and secondly generating positive fcf. Once we have done both of these things, a generous re-rate is on the cards. My personal opinion is that the City is holding this back because it is wary, once bitten and all that. Moulding can smash that glass ceiling by delivering in September and then he won't need to rant anymore. It does remind me of the old man praying to God day after day to let him win the lottery until, after some years, the clouds part and God appears and says 'look Morty, at least meet me half way and buy a ticket'.
I would prefer if people were honest and admitted they were short because at least you could then have a debate about their thesis.
Recent gains were based upon the positive update. If the results next month corroborate that, we will be going back up. Meanwhile, there are lots of other factors at play and markets have been buoyant (probably overly so) for a while now, so I believe this is just normal market movement.
Choc ice is just what you need in September 😂
Crowman, based on the fact that there was no news and the sp had consolidated nicely over £1 pending results, you appear to have been extremely confident of a considerable fall. That makes no sense whatsoever I’m afraid.
HH, as he’s on holiday he might have to get his mum involved on this one ;-)
maybe it’s just the usual summer lull. regulators are enjoying their holidays like everyone. but let’s hope any day now the fca is ready to pounce!
the us authorities fiercely protect their markets. a tough stance is essential in maintaining confidence in the world’s largest market. each year there are stories of hedge funds and bankers being arrested while on their holidays, and shipped to the us to face the music.
if the lse is to ever pull out of its death spiral, then the uk needs to follow suit. a lack of action only feeds global sentiment that london is a backwater, a soft touch, where rogue investment bankers and hedge funds go unchecked in plundering the market for personal gain.
in feb this year, a us hedge fund called *****essential launched a stinging short attack against uk listed darktrace. *****essential published a 70-page report, filled with wild allegations of corruption against darktrace, it’s management team and investors. ahead of launching the attack, the hedge fund made a c£25m bet that darktrace shares would fall. hmm…
and so, *****essential sold c£25m of shares in darktrace it didn’t own, a bizarre but legal transaction which is banned in some countries. the cost of making a £25m bet like this is likely just c£2k a day until the bet is closed.
because it’s so cheap, the returns are spectacular when shares fall. for pennies, you can make hundreds of millions by wreaking havoc against a company and its share price. hence, rogue bankers and hedge funds show no limits, often with the help of some friendly media.
through wild claims they create fear, panic and a stampede, making shares plummet. the ill-gotten gains are usually funnelled offshore to tax havens without a trace. billions are fleeced from the uk market this way each year.
six months after *****essential’s attack, an independent review by ey confirmed the wild allegations had no basis and that darktrace is a uk tech darling after all.
despite millions lost by uk investors everyone is eerily quiet on the whole saga. where is the media crying foul, calling on the fca, sfo or even mps to act? nada.
maybe the lse itself will act? nope. i spoke with the ceo of the lse 18 months ago, and asked why it doesn’t act against the well-known rogue hedge funds and bankers. the answer was astonishing: “the fca can see everything we see, and so it’s for them to take action, not us”. after all, the lse is just a website portal, like rightmove or autotrader. right?
the stampede of companies exiting the lse is matched by investors. the only real ipo so far in 2023 is cab payments - it’s already lost c30% in 4 weeks! companies and investors simply aren’t safe anymore. this is a common view across global investors. what do you expect? their pockets are picked daily and their expected to ignore it?
like the regulators, i’ve been enjoying family time in the sun (see pics). i’m more than ready to build on thg's great