RE: FCA listing update20 Dec 2023 09:43
The move to a premium listing should be something to look forward to. Am not sure it is, with pension funds just simply not interested and who can blame them. Even now the FTSE is stalling with a fantastic macro change.
For me THG just simply needs to go overseas or taken back into private hands. LSE premium listing clearly not going to be the big change we need.
For me THG has been doing the right things this year and previous, and whilst circa 85% up to date, noting this was only because it got battered so much, it is still vastly undervalued and the LSE continues to do this to many companies as we know and have seen.
For some reason, apart from the city lining its pockets, it simply doesn’t want to recognise future growth. Of course results matter, but then so does building for the future which takes time and money.
Can see MM/THG coming out with a statement asking the question re premium and why bother with it.
Wordy rant over…..GLA as always, the value is there imho