RE: Why SP is around 60P23 May 2023 09:35
Sold out of my POLY shares yesterday as I didn't fancy having 2 shares locked up. Evraz & Poly.
Bought 80K shares yesterday and another 75K this morning. I'm in waaay too deep to THG but again I'm extremely confident on my long term play on THG.
My background is Finance. I've seen a business like this from the inside, that's the only reason I can see the potential it has and were we'll be going with THG in the future. I've always said I don't want a buyout, this is in my SIPP for a reason!! This is a buy and hold, similar to Mr Ashley was many years ago when everyone doubted his ability to run a company too.
Do I like how this is run? Personally, No. I don't. THG is a shetshow, it really is. They don't understand how to communicate properly to their investors, do we (Members of this forum get the same treatment as other large holders, most likely not) but I believe in the company.
This started off just me confirming my position and support for the business but it has no turned into me waffling.
- Comms need MAJOR improvement, someone is stopping IR doing their job or they need fired.
- Continue as is, no buyouts. Cut cost to protect FCF alongside the split of divisions.