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This smells of admin and prepack by Dunkerton
Again, hasn’t resigned because of, or brought his retirement forward, the cyber incident. We can all post misrepresentations from the media but the idea of being a serious investor is to separate fact from myth, try again my friend.
If people are going to come in here at least get your facts straight, a novel concept I know. Lewis had already notified the board of his intention to retire before the cyber incident. Thanks for coming though ;-)
@pedrobull agree broker targets taken with an entire salt cellar, merely an observation on information to op
Just noted a broker target change in the news above, could be the cause, albeit graded outperform
Would have thought they are giving the traders and investors a great opportunity, but then again I am a believer!
Yeah, could it be Moulding is going to hold on for dear life in the hope that the review allows him to go premium and retain his golden share, which I believe is how US markets operate?
christ, hoping for a bounce in a stock because Liz Truss is being mad Prime Minister, the UK has indeed had a complete breakdown
Jupiter wont be folding, they have a fund that contains ASC, BOO, THG, Ascential etc that has performed woefully this past year, equally they have others that are perfectly fine. The Mid Cap fund has been a target of redemptions, in part due to the equities it holds and the rebalancing of valuations of those stocks. As always DYOR.
Not backtracking on anything. Question was asked due to some confusion. Very far from any irony here.
Aside from the abuse, there is zero harm in posting positive accurate news. In this instance I think what this bears out is how often THG make claims of their intentions and fail to follow through, which is a contributory factor to the malaise affecting the SP. A bit of cash from a lease, while welcome is hardly cause for a beano, or maybe it is given the state of the SP.
So, yes THG does own the building that Ramsey will be opening his restaurant. The development intended on the website never happened. So they have been looking for a tenant, and now have one, who no doubt will be given lots of sweet inducements to take it on. So, as has been previously stated why the excitement over a lease?
Would that property not have been transferred to Moulding as part of the property divestment? AS such any lease, should he still own it, will be for his benefit and not the company.
Didn't they sell the hotels to Moulding as part of the dodgy property divestment? After they had spent a ton of cash on development and written down their value......
If we accept the premise that the float was overvalued, and that the markets are correcting themselves in light of the economic environment then what is to say that the current price isn't reflective of the true value of the company. The cash that they quoted in most recent financials may be depleted, they may have had to resort to utilising their credit facilities, and they may be trading behind the curve, but not by enough to warrant a trading update RNS. We may also be seeing valuations becoming much more profit oriented, albeit that cash is the real king. As such any business that has purchased its growth at the previous high end of the market is going to feel squeezed as we see here. To see a return to anything like those previous share price numbers seems out of reach without a real focus on improved margin, better cost control, and increased sales from the existing revenue streams. I'm in this at an average 3 times the current price, thankfully I am able to wait it out or sell and move on to better opportunities, I feel there will be many PI's who are not so fortunate. Just my tuppence.
And they're back, strange, anyway more Jackanory from our illustrious leader, pretty precarious on the cash front as far as I can see, wonder what he'll do next.....
todays chat seems to have disappered or is it just me?
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Boots results
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