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HAHAHAHA - It's up since i made that comment? Keep digging, you'll find something evenutally.
Idiot. Have fun losing your money, If you'd of come in with the right attitude we would of helped you. Assist you in your ways but it's clear you're an old fool determined to be negative in everyway possible.
Keep buying high & selling low, just remember. You'll have to explain to the partner why you lost all their money too :(
I'd agree - There's definetly some negativity around the board and how this has been handled, I also don't like how a NON ED walks away with immediate effect.
Either he's crossing into the line of conflict of interest (And his moral principles around trading believe it was wrong) or something has changed for him to walk away. It needs explained. I agree.
Is it going to knock 100's millions off the company because of it? I don't believe so. But i do agree, I want an explanation. A shareholder is a shareholder. Doesn't matter if it's 1 or 1,000,000 shares, we must be informed as to why it's happened. It's not acceptable at all.
I've been there, I've made all the mistakes. Costly ones - I've been margin called (I once was up 70-80K a few years ago on a trade, I went to get a McDonald's and I'd been margin called all in the space of 30 minutes. Back in the days of 100x Margin trading)
5% may not seem like a massive 'loss' to sell at but when you continually lose 5% because your emotions made the trade, your account will slowly be drained.
Now the way I tend to trade, I'll do my research, stalk the stock for a few months to look at the behaviour of it (Will be in between financial releases) I rarely very rarely jump into a stock without doing months of research. I make probably around 10 trades a year? The fewer trades you make, the more money you probably will make.
Maestro - Do you understand company takeovers? Almost all the time, It's being driven by a face backed by a large fund.
Candy will be the face, accompanied by a large fund. (I don't believe Candy will bid anything worthwhile) But it's almost always the way.
I could technically buy THG and sell the debt (My loan to purchase) to a large fund. It'll say I own it but the value is technically held by a fund.
This stock continues to follow the same pattern - Which also why i felt confident telling people it'll go down to the 130 mark.
"If it goes down to 130 I'm out"
I can't stress this enough. DO NOT TRADE!! You're going to lose a lot of money if that's your trading strategy.
Do not let your emotions dictate your moves. If you built a position before bid status - Why would you sell? It literally doesn't make sense. You should of sold back in the 140's or were you getting greedy?
I have a value for THG, I entered my position knowing the value, nothing has changed. If anything the financials released recently solidify my position - THG has an extremely low free float, multiple large parties held through an £8 SP. You understand with such a low float the price is easily manipulated up or down, there can only be so much volume as the majority of the shares are in solid hands.
Ask yourself this, what has changed negatively impacting the company (Not the SP, the Company) since you entered your position? I can't see anything negative at all recently to devalue the company, I honestly can't.
If there is something negative you believe please share it with the rest of the board.
I'll not be at the AGM as I'll be in London that day, I didn't really have an interesting in going.
But now with the sudden drop of a director 1 business day before being asked questions by the shareholders? Honestly, It doesn't look good at all.
There's no doubt about it Insider trading going on - I've said that a while back, It could probably be proven too but will it? Most likely not. How can a director of a public company openly lowball offer whilst being on the board.
Is he upset? Was he caught doing favours? I really hope this is explained further as it's not normal at all.
But the facts behind it are THG are a solid company and will always be one. Just don't like how this was handled at all.
Funnily enough I done a bit of googling too...
He's linked to a few companies (Not directly that you can see but if you know your way round companies house, you'll find it)
There was a new company registered in late '21 - The company working with them was based out of Jersey, their company reads from their website.
"Providing accounting and financial reporting services to large, complex, active funds is a core service provided by our highly talented and technical team of fund accountants" Working directly on funds.
This new company is currently dormant, although they've just got rid of this Jersey Firm 1 month ago.
Honestly it's a mess. He's connected to a lot of companies, I can't be bothered to sieve through it right now.
But he's working on something in the background with a group of friends. If it is for THG & it's a lowball offer that's accepted. I will be submitting a complaint to the FCA.
I'll dig into it more tomorrow & document it. See if it's truly linked or I'm just tired.
Dominic Murphy, non-executive Director commented:
"It has been nearly 8 years since I joined the Board of THG, during which time I have had the privilege to witness the Group's journey through a period of profound transformational growth. Considering the length of my tenure, I feel that now is the right time to step down as an independent non-executive Director of THG.
Oh damn.... Who's the replacement? Mr Candy man? If he doesn't place a solid bid? Anyone have a view on replacement? I genuinely don't know who'd they'd look to.
Really? I had no idea he even had a son - But being a politicians son he'll probably randomly start receiving government grants/contracts (Through a fair tender process of course..... Don't get me start on politics, even the green party are out for themselves they're all lying Bastd's the lot of them)
I rarely like to short but If that is so - I'll be looking to short with SIZE.
Speaking from a personal view - I have actually opened a position to essentially short the housing market. I entered the position about 2 weeks ago through a number PUT contracts on certain companies.
Trading in contracts is extremely risky - Huge swings, when i enter a trade like that i essentially write off my investment immediately as cash i no longer have. So I'll only make that trade if I'm comfortably losing everything.
Expiration date mid next year. (Outside of the THG topic but again, I'm only sharing my view on the subject)
That's what these boards are for which is why I use them. I don't need trading advice but multiple heads working together is always better than 1 - Plus we all bring different values to the board.
Like in reality I couldn't care less about shares owned nor will i sieve through the 8.3 forms to calculate it. I trade primarily through fundamentals for companies like this. I rarely day trade anymore (As I don't make no where near the same money) so couldn't care less about charting, support levels, resistance all that.
But there is people here that do enjoy charting, do collect all the 8.3's to calculate position movements. Think of it like a fund. It's very rare there's only 1 analyst working on a trade, there's multiple heads working together to make their decisions. LSE BB's are a small fund.
I can't stand bullies or people full of rubbish only chiming in to bring negativity here.
I'm a realist, I give my view as that. It's not negative, It's just the reality of the market/share, If it's going down short term I'll tell you. But my long term view hasn't changed nor will it change, I couldn't care if the share goes down to £1 again (Great buying range) tomorrow.
I'm here for the big money, not the 10% swing trades.
I agree with all that was said below;
We're in a different market but even in the current market conditions £1.70 is like me going and offering £1M on a house valued £2.5M. Do i think the housing market is going to crash? Sure, it will correct itself as interest rates continue to rise alongside the cost of living but on the flip side - The market isn't there yet, It's creeping there slowly. But it isn't there yet.
Going on history, I know if i buy that house for £2.5M it will take a hit of 500-750K during a crash. But it'll gain the loss back within 1-2 years post recovery.
(Weird analogy but it's what came to my head thinking on the spot)
The shorts have priced in everything for us (I believe) - If i was investing for others, I'd have this within my fund. If you're in now, you're going to make multiples on your £ within the next 5 years.
Holy1 I'd agree also - THG Ingenuity could be what turns this company around from a Free Cash Flow POV. It's going to be our money maker. Were we have to do the least work for our £ as someone pointed out the hiring within Ingenuity a while back, it's aggressive and rapidly expanding.
(This comes with a worry, only a slight one. THG have been known to throw money at things, I think we slightly overpaid for our acquisitions for instance. I don't want THG to be recruiting aggressively without actually knowing what peoples jobs are)
My view, I'm never going to sell this within the next 10 years probably. I'm a way off retiring, It's in my SIPP sitting comfortably. I bought it specifically through my SIPP as this is a solid hold.
Again, I'm scribbling down words like it's a notepad. A messy one.
Yeah around start of Jan - That's what I meant. Thank you for correcting me Hosai
The £8 Share price was wild, I'd of shorted it too (I didn't as I was trading NASDAQ then). No company explodes off the IPO, it's rare.
Very strange way of approach Okehurst1.
88% of ATH - Meaning the company was already within the trading range of it's true value.
THG Fresh IPO, Growth stock aggressively expanding.
Completely different companies.
The £8 IPO price was wild. I don't actually know how that was achieved - Fair play to THG for achieving that.
I'd put THG currently at around the £4-5 fair value, this is on the cheap end too without taking into account future growth and current projections. If you have a finance background and you're sprouting anything less, you probably don't understand finance.
£1.70, £2.50 - All petty offers I'd expect to be accepted if we were sinking. News flash - WE AIN'T!
That £4-5 fair value will continue to increase as THG increases. I'm being realistic here but i seriously think THG will be worth £20B+ come 28'29 if we continue as is. Remember the current MCAP isn't fair value, it's been heavily manipulated down to current levels through aggressive shorting.
Again, this is my view. Your view will be different and that's okay, you trade to your view and I'll trade to mine.
Again I agree - He's been brought in to shelter MM from the City. Which I think in due time we should hopefully see come into effect.
But we see how much of a hard on the media have for THG/MM (Most likely because his political position) alongside that property deal he done for himself. I don't agree with it from a shareholders POV as it only favours him personally ensuring passive income but hey, If i built a £2.2BN Rev company I too would be doing the same.
10K+ employees, Millions in taxes paid to the robbing bastd's HMRC yearly. No matter what MM/THG does will always be overshadowed by a manipulated headline.
It's following the pattern it has been for the last good few months. Doesn't matter what the wider market does either.
Sad really but nothing we can do but sit and watch.
All we can do is look for possible buy scenarios to bring averages down etc...
I'll look to see how it reacts around the 125-130 mark with buys probably set around the 110 (Probably won't hit it)
Well what do you want me to predict? It to jump out your computer screen and tell you to wise up?
You're emotional, I Know you're probably down in this trade right now. That's okay, Let me get my mystic ball out for you.
I'm sensing hmmmmm..... £4.62 on April 21st 2023.
Lotto numbers are 1, 5, 7, 12, 31, 43
LOL. B1nky..
Do you have BiPolar? Look back through my logs, you'll see I've been right most times..
I thought this wasn't going down either? As i'm an 'Idiot' for calling to short it if you were looking for intraday trades. Again I was right.
You add 0 insight because you know nothing about trading and that's okay, sit on the sidelines and watch the boys play. You might learn a thing or 2. Might save your pension....