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I bought more this morning after the fall back on the update. I have long term holdings in Petro Matad but because of volatility in this share I trade as well which has been profitable to date. Even if there are setbacks and the SP falls I have belief in this company and its potential. If my trading buys become additions to longer term holdings I am just as happy. Been out today and found the post referring to Manxkeepers first post. Having read it I agree it is an excellent post and "post of the day" comment by Hamm is deserved. Welcome.
I bought last week at 58 and sold at 69.67 2 hours later on the day confirmation of the bid being off and am looking to buy again today. Not expecting a dramatic upturn as last week on the day the deal being off was announced but I still hold the view it will stabilise around 80p over the short term as people appreciate the SP is very low for the opportunities ahead for THG for corporate activity let alone making progress sales/profit wise. Just my opinion. I trade in THG as well as holding long term. I always sell part of holdings on a bid in case it falls through and sold part of my holding at 114p. Sometimes I miss out on further rises and other times, like this time in THG, it paid off. But the value of my long term holdings have fallen this last week along with everyone else's but we are still up on the year.
Realists knew it could go either way. I expect a fall in the SP but I do not think the fall may not be that much. We have already fallen back in recent days and we were in tge 60's before the Apollo interest. There are positives going forward and takeover speculation will continue, the golden share goes in September, premium listing is on the cards and leading shareholders will press for change where they see where it is necessary. If the price drops into the low 60's or below I will add, but I still hold the view we will stabilise soon at around 80p.
I agree with SageofClapham that I do not see the SP falling to 60p. It may do on the initial reaction to Apollo walking away but I see it bouncing very quickly and stabilising around 80p as I thought in my previous post recently. I will certainly add if it does drop to the 60's as I see the pendulum swinging in THG's favour. We know Apollo sees value when the SP was in the 60's, we know a premium listing is on the cards, trading is moving towards cash flow positive if all goes to plan and MM's golden share/veto to a takeover offer goes in 4 months. In the medium term I see a good return on the current share price but buying before news expected by Monday latest is a short term gamble. SP could fall to 60p before bouncing or rocket to over £1 depending on outcome of discussions between Apollo and THG and the RNS we want. One thing is certain. We will get the
news today, tomorrow or Monday. Hoping for a firm offer from Apollo to be announced but ready to buy more if they walk away and SP drops to the 60's. An extension to Monday's deadline I will view as positive but just leaves us in this short term guessing game for longer. Today's SP after recent days fall back is a good entry point if you are looking longer term (perhaps with big gains short term on a firm bid) but expect a big initial fall in the SP if Apollo walks away.
One thing is for sure. We will get news from THG this week or Monday next
latest. I do not expect much volatility in the share price until that news comes, barring any leaks/rumours or news items like last week. If there is no bid the SP will fall without doubt but I do not see the price falling way back to the 60's before the interest by Apollo. Because Apollo saw some value when the SP was in the 60's and we believe THG is on the turn, a premium listing is on the cards and the golden share held by MM is going in the autumn I guess the SP will settle at around 80p after the initial downward reaction. I would add in that downturn.
If a formal bid is announced then it all depends on the price where the SP goes up to (assuming it is well above £1 which would seem a foregone conclusion). Then there is a possibility of others expressing interest and showing their hand. An ideal scenario if it happens. The other possibility is an extension to next Monday's deadline for Apollo to declare a formal bid or not. I hold for a positive outcome at some point be it in the next few days or longer whatever the outcome of the talks between Apollo and THG results in. If you are thinking of buying THG shares for the first time, getting back in or adding now the only advice is do not use money you need in the short term. The SP could rocket from here but it also could come down significantly just for the short term if Apollo walks away. We will get an update for sure over the next 5 trading days including today.
I am 71 and been in the stock market since my 30's and experienced so many ups and downs and gone through times of severe misfortune to raging successes as a result of being in the market with all the emotions each brings. More stable with diversification and always having cash for opportunities am in a good place . I am positive about THG and though trade on volatility I have long term holdings. After yesterday's turmoil I thought of a famous quote that seems appropriate to share......along with others.... to reflect on, motivate us over the long weekend...........
Don't let yesterday take up much of today............The stock market is a device for transferring money from the impatient to the patient............The only limit to our realisation of tomorrow will be our doubts of today...........You've got to be in it to win it.............Success is stumbling from failure to failure with no loss of enthusiasm............The only limit to our realisation of tomorrow will be our doubts of today.........Be persistent and never give up hope". Whether ot not THG gets taken over now or later, whether SP goes up or down short term, so long as you do not need the money you have invested in THG in the short term I believe the current SP will be towards the bottom of the SP graph in the future, be it in a few days, weeks months or years (not too many years though for me personally!)........Now any more famous quotes you want to add for me to reflect on / motivate me?
Whether the deal is dead or not we will have to wait and see. Such a drop suggests it may be dead. I always sell some of my holdings in a rapidly rising SP, maintaining a good holding for the longer term. This crystallises some profits and reduces the potential loss if SP falls back. I sold some holdings at 114, 96 and 90. Time and time again it has proved a good strategy. Now I have to decide whether to sell more, hold or buy more. If the deal is off the SP could stabilise at a much higher level before the Apollo interest was announced.....is that about now in the low 80's?. We know the potential for THG and so does Apollo otherwise the approach would not have been made. I do not see the SP dropping back to 60 or below. If it does it is time for that buy button to be pressed even if I buy higher in next few hours/days. Just before posting this the price is above 90p so people see the opportunity/potential for longer term growth if not short term (if the deal is not off). Interesting times.
Short squeeze and FOMO will keep this simmering or self feed to keep it boiling ever higher. We know for a fact there will be an RNS on or by 15 May, in 2 weeks time. Like everyone else who holds stock I want a good bid price, notification of other interested parties or at least an agreed extension to the deadline. I see party time booking a possibility at last but being 71 and been in the stock market since I was in my 30's I have seen serious upsets. My own advice is if you are thinking of coming into THG now or adding (probably for good reason in my opinion) do not put money in that you are going to need short term. If Apollo walks away, which is hopefully not going to happen, and there are no other expressions of interest the SP will fall back heavily. Even if that happens there is so much I like about THG the SP will rise longer term. That will be an opportunity to top up but I think my shares will be going soon after a recommended high price bid or better still a bid battle. Just be careful if you are thinking of buying for FOMO. I remember a post in a similar rising situation when someone said " I just put the rent money in". The shares fell and continued to fall for a long time. I do not want anyone to do something similar. Good luck to us long term holders.
19.1p was a good entry point. My first entry point was 22.475 and my second buy after was 19.89. I am happy with recent rise and general concensus is the company is in a good position. Showing over 15% up on second buy and over 10% nett gain overall. The recent trend upwards and still low current share price but rising in a lacklustre market suggest more rises are likely. They say "the trend is your friend" so am waiting in expectation for further rises, barring anything negative hitting the overall market big time. Just noticed SP over 24p so higher than when I started writing. Looking good.
Early days, but results today indicate the possibility of better times going forward. I have traded this share profitably over the years in addition to long term holding and feel this company now is on the up. There have been added share purchases by by people connected with the company in the past who obviously saw beyond short term issues or had hopes it would get beyond them. I also believe this company might attract interest from others or it could go for acquisition again once continued profitability is confirmed, which in itself should stimulate a rally in the share price.
In answer to Boom 278....a 100% premium to the share price before the bid is extremely rare. Fortunately I was into Amryt Pharma when it went from 7 U S dollars to 14.70 dollars overnight on the bid announcement. Amryt was a U K listed share for years then went dual listing with Nasdaq, then wholly Nasdaq few months ago. I do hope something similar happens here but I do not see it somehow. Hope I am wrong though. As usual I top slice on a bid announcement crystalising profits. Being 71 years of age and in the market over 40 years I have seen bids fall by the wayside and SP collapse. Yes I may miss out on further increases on this holding sold but I still have big holding in THG hoping for a good premium on current price. If the shorters smell a good deal that is in our favour as they will have to close and a good short squeeze will be nice to see for once adding to the SP rise. I cannot see the results, even if less than expected, having much downside effect in view of the bid but if the worst happens and SP drops on opening I may buy back in. Looks all positive going forward in view of bid, future premium listing and golden share going ...... and if others come into the fray then we might see real fireworks.
A good day today and hopefully just the start.
If you were holding at 28/29 March at circa 48p as I was, why sell on todays update where the price at time of writing is around 63p. All the bad news is out and SP has bounced from 56p when I bought more this morning. Nothing is guaranteed but I think, long term, we will see a sustained rise from here. Being in shares for over 40 years I know unexpected events happen to knock me for six. Never have a share that dominates a high proportion of your portfolio in case the worst happens.
Calnex was profitable for me when I sold at 157p. The price continued to rise later which was not that pleasing to see but after the plunge today I have bought at around levels previously bought at. May fall more but longer term am positive.
A jump like this indicates something positive. No news yet but I expect something. A nice surprise as I was scanning my portfolio generally today. I bought in at 29.618p on 16 Dec 2022 so a little way to go yet to break even but I was looking long term anyway.
Replying to Finwittrader at 8 am -I agree. I have traded the volatility of this share for ever it seems and short term profits have offset falls in the long term holdings. I was fortunate to top slice and sell part of my holdings at over 5p and over 4p before the raise which I subscribed to. Bought back again today. To misquote the Bay City Rollers song lyrics I say "Buy Buy Baby" and soon we will be Up Up and away! (5th dimension song lyrics). I am optimistic but Petro Matad represents a small part of my portfolio as this is not risk free. But what oil exploration company isn't. We are debt free which is a plus.
Replying to Not Sure I noticed Interactive Investor debited my account today with the cost of the shares I applied for then credited my account with that part which was unsuccessful. The nett cost divided by 2.5p a share meant I got 77.92% of the shares I asked for. I do not know if other platforms have updated clients accounts but it is worth checking, then you can work out what allocation you got then.
Just dipped my toe in the boot company. For an iconic company with forecast earnings (before the usual considerations) of circa £5 million a week with admitted temporary issues in the states this fall in the SP is overdone in my opinion. The temporary warehouse issue will be sorted at some point and even though its effects will be felt in the next reporting season this should be reflected in the price now. The dividend looks safe and cost of living pressures may not affect this tough old boot company for long, if at all. The falls in the SP since listing could now attract bid interest and a shareholder who still has 36% will not wish to sit and do nothing if the slide continues. They would be key to any corporate activity should any appear. If they start to sell down gradually then perhaps they see major issues going forward but I hope this does not happen. But no company is risk free and events and market often surprise so make sure your holding in this company (and any other you have) is not a major percentage of your portfolio. I hope for a bounce soon.
Sailormoon at 10.57. I agree with you that shares can be risky and that my strategy works only if there is spare cash and patience to ride out any paper losses. Three good points readers should note, especially if they are relatively new to the stockmarket. My split between stock market and cash is 50:50. During the pandemic crash of 2020 my cash moved into stocks heavily so I became heavily weighted in stocks 90% risky, perhaps, but I was optimistic we would get a vaccine, which came earlier than expected. In the rally that followed the vaccine I sold a lot to increase the cash again. Bonds for income is an option and is an area I have not looked into seriously or know too much about, though I am fully aware of there usefulness in a portfolio. Income is not a prime motivation at present for me with several pensions (and a SIPP I have not converted into an annuity or drawn down from yet). I enjoy following the market most days in addition to other interests. Over the years I realised I am not risk averse being quite happy to jump out of planes (with a parachute!), paragliding, sea kayak in rough seas, riding big motorcycles etc on a physical level. I have the same attitude mentallt towards the stockmarket. I just find it absorbing and motivating. Just who I am, part of my psyche now. Hopefully my nephew, who I fostered when he was young and is the main beneficiary of my "estate" will not curse me if there is a stockmarket crash and I am fully invested (unlikely) the day before I pass on! At 71 I still feel like I am too young to take a more conservative and possibly a wiser and sensible approach. But you make good points and I now may look at putting some part of my cash into bonds as most commentators say you should have bonds as part of strategy. Perhaps I should take the advice now at last. Better late than never perhaps. As I said in my earlier message I often get a different perspective after reading posts on this site. Thank you. Regards.