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Not quite so i feel. The likes of Asfari, Apollo, perhaps Wood group may wish to pick it up and do the restructuring themselves. Given how much Apollo were prepared to pay for Wood group, this will be something they may be considering. Or Asfari. I am not deluded - i recognise the risk as does everyone else i assume. ATB
Maverick,
i feel you may have a point here. There remains a massive risk of near zero return for shareholders but there is also a reasonable chance that the large shareholders may engage in some sort of PE backed takeover at these prices. This is not quite game over. I sold all my holding - 50% at 27p and the rest at 22p. Took a big haircut. But on the basis now that there is a slither of a chance, iv'e taken a nibble back at 11.4p. Perhaps a fool and a hopeless cause. But here it is. ATB
Those in the know are adding. From memory the board participated in a rights issue at 250p or thereabouts only a few years ago. These prices are a gift IMO so I am happy I added last week. I will continue to drip feed at these levels. DYOR of course. Shorts are opportunistic vultures. They will move on soon enough.
The company is fine. Sentiment will change. Imo if one os prepared to be patient, this SP will recover once there is a better corporate strategy in place. Current board need to get this right or make way for those that can. Imo of course.
I'm perfectly happy to add gradually drip feeding funds as they are freed up.
Well, let's see. Numbers speak the truth no amount of creative prese can hide.
These numbers are stable. No banger and no clanger. But, I do agree, let the business people get on with the business. I'm willing to hold for another 2 years at least and hope the ship has indeed turned by then. Atb
When will THG learn that the city doesn't like petty games? This sort of shenanigans has backfired before. For the sake of us long suffering PIs, let's hope there is some good news and not more jam tomorrow nonsense. Atb. I ain't losing sleep over this. Been here too many times with false dawns.
Kitchen sinked the bad news in the 2023 results. 2024 Q1 updates shows improvement in profitability. I'm good with this. SP already reflects the problems of 2023. I'm cautiously optimistic now. IMO etc
Another update to reinforce the message. 2025 will see the SP rerate. I'm holding and continue to feel positive. Patience is key here and we need to stop fretting about the SP for 12 months or so. Recovery is underway and going to plan. IMO. ATB