Member Info for Phill_M

Good Luck to you. I really hope it works out - maybe it favours the bold.

I am balls deep in THG...and that has got me nowhere ATM.

agreed - and the Credit Facility could be withdrawn. We simply do not have the full facts insofar as the Credit Facility may come with Caveats.

'same company as a few days ago.'

No it is not. There were no irregularities reported a couple of days ago.

You now have some very substantial news that you did not have a couple of days ago.....but it is your hard earned cash not mine.

I will be taking my time to consider my position rather than hastily jumping in.

Don't be in such a rush to lose your shirt. Let the dust settle and see where it is.

If it is a bargain then there is lots of scope/time to buy in once it has settled but if it is a basket case then throwing good money after bad is a fools game.

You'll find a better bag here:

https://wearemenos.com/

not big enough for THG but decent bags all the same.

Retail as a whole, be they Rags (BOO/ASC), food (SBRY) or a blend (MKS), are in the firing line right now.

We know these ups and downs are cyclical and at some point the trend will change and fortunes will change.

It is merely a case of buying the troughs (or holding out on a higher position) and waiting for the peaks.

THG is no different from the other retailers - insofar as I consider that they are going about their business as normal, the share price is simply a reflection of market sentiment to external factors and that the business performance and share price will, at some point, align to more normal and realistic levels.

It just takes patience if you are exposed at a higher price but have no immediate need to liquidate for cash.

Just pointing out that some in the industry are struggling.

Not necessarily negative as it creates opportunity for others and, as you say, it may be as a result of Revlon struggling to compete with online retailers such as THG.

FACT CHECK

I see Revlon has filed for Chapter 11 Bankruptcy protection in the US. Not trying to make any comparisons but it highlights that a 90 year old cosmetic giant has struggled with recent supply chain challenges.

https://www.bbc.co.uk/news/business-61835796

I am a LTH.

1Pencil - surely it is not as simple as that.

There is an array of different transactions which hedge their position against gain/retraction in the share price.

I am not convinced it is simply a case of them buying more than they are selling.

It would make sense that they hedge their position so that they are protected by adverse price movements until more clarity is available.

To be fair, THG, BOO, ASC and NXT are the 4 bottom shares on my watchlist. The sector is getting battered at the moment.

Interesting that all of the talk about THG Ingenuity and figures make no reference to THG On Demand - which is part of THG Ingenuity.

THG On Demand, as part of THG Ingenuity, contributed an additional £128.1 million to 2021 Annual Revenue.

Are you sure about your numbers?

I read it that the number you quote of £45.4 million is THG share of D2C products sold through the Ingenuity platform as part of ongoing sales agreements.

I also read that Ingenuity revenue for FY 2021 was £194.3 Million which I attribute to revenue from placing Partner businesses onto the Ingenuity platform.

If you are going to quote numbers then give the full picture.

Discuss.

Thought that we might have got a lift on the coat-tails of GKP today but doesn't look to be. Looks more like money moving out of GENL to GKP for the Divi in a few weeks time.

Genl are carrying Miran and Bini Bawi at almost £385 million on the Balance sheet.

Maybe something of a different angle but this now allows them to focus on their oil assets. These assets would have required significant investment to bring them online and since there has been no engagement from the KRG for some time then maybe it is not as negative as first thought?

The simple truth is that we all believe that the share price should be higher than it currently is. The fundamentals of the business are sound, as are the assets. The 'fly in the ointment' is that we are in a region which is seen by many as unstable with an independent Government that moves the goal posts at will.

Until the KRG commit to pay the amounts due, on time and without deferral then our foundations are as solid as sand.

I was hoping for news of Sarta 5 and Sarta 1D well spuds this month as previously indicated.

Just think - you could have bought Amigo at 30p a couple of weeks ago.

We are struggling with poor sentiment but it won't be indefinite. We will get Payment News and some Operational News at some point which I expect will lift GENL out of the Doldrums.

Interesting that GENL have not made a similar announcement.

So GC shares are now going to flood the market....great!!