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As predicted, weeks ago, THG is plunging into the £1-2 range.

Sentiment here is very bearish.

Share price is in freefall.
Big investors stampeding for the exit.
Management is a disaster.
Ownership chaos.
Breakup chaos.

Target price remains at 75p.

Think of it this way.

Lloyds = works with old "analogue" currencies from the past, like the pound.

Crypto = works with new "digital" currencies for the digital future of the digital youth, such as Bitcoin.

In the past 5hrs today since posting below about the Squid Game token, it has shot up another +100%...

Lot of folks jealous they missed the crypto boom ;-)

BabyBNB is up +35,000% in the past 24hrs. A £1,000 investment yesterday is worth £350,000 today!

Crypto has already seen a decade of stunning growth. Absolutely astonishing.

Crypto is incredible. Just £2000 of Shiba Inu has been enough to make you a billionaire in 1 year.

Given LLOY is down -90% from its peak, LLOY is much, much riskier than crypto...

Since 2010, for example, LLOY has plunged -35%... Bitcoin has gone to the moon at +625,000,000%.

If you stuck £100 in LLOY in 2010, today you'd have roughly £65 left. Maybe £200 with divis.

Bitcoin... you'd be a billionaire and the richest person on planet Earth (with pure cash) and with £62,500,000,000.00 in the bank.

Always fascinating to see folks rejoice when LLOY inches up 1% in a day or month! You can make that in 30 seconds on crypto. For example, Squid Game crypto today is up +300% in 24hrs.

Yes, be careful here, folks.

KDR share price has plunged -99% since 2006. Somebody who handed the CEO £10,000 of their children's inheritance money would now have about 50 quid left.

Think about that.

Anyone who thinks there won't be a UK "wealth tax" is embarrassingly naive. UK always (always) copies the US, the 51st state. The genie is out of the bottle. They're coming for you...

Oh, and don't forget the UK "wealth tax". That will soon be on the table here -- like America. Anyone reading this, with over £500k in assets or cash, may soon be in the crosshairs for a £5-50k lump-sum tax...

To be fair, Lloyds are right to be cautious about 2022.

Next year is going to see a stunning and unprecedented surge in UK state taxes and state overreach. More income tax, more NI tax, more council tax, more dividend tax, more bank tax, more corporate tax, the highest tax burden in peacetime history, more bloated state, more surveillance state. Families and workers are going to see thousands and thousands of pounds whipped from their pockets overnight by the red Tories. Inflation is spiraling at 5-30%. UK real GDP growth looks set to crash to -1% by 2023.

The Lloyds board are right to have a cautious outlook. Poorer times are ahead.

Moonman, some fair points -- but they don't stand up to scrutiny.

UK vehicle sales are down. Revenues are down. Diesel sales are down. Petrol sales are down. Vehicle production is down. New drivers (future buyers) are down. Vehicle mileage traveled per-vehicle is down (a lot). Coventry and Birmingham, the heart of the UK vehicle industry, is an economic wasteland.

Electric cars, for now, are rising (from a low base) because they are *subsidized* for billions and billions by (you) the taxpayer. It is an artificial market. My mate runs a recruitment firm -- he and his biz partner just got 2 Teslas on the business for (literally) half-price, subsidized by tens of thousands of pounds of free tax-cuts and free subsidies (free cash, basically, you hand to Tesla, in California). Free money. Free road tax. Free govt charging points. Free "fuel". You (and other taxpayers) are paying for my middle-class friend to swan around in a cheap new car :-)

And never underestimate the power of the green extremists. They are in charge now. They will push and push for higher airline taxes, plus a restriction on the number of flights (or miles) you can fly every year. The days of unlimited flying are over.

Where Birmingham and Coventry lead today, Hounslow, Gatwick, Luton and others are headed for tomorrow...

Comparing cars with airlines is a surprisingly good comparison...

UK has just about the lowest car-ownership per-head in the entire developed world. UK vehicle manufacturing has plunged from no.2 in the world in 1951 to no.17 in 2021. UK vehicle production has collapsed -40% since 2016. UK car sales have plunged -50% since 2016. Total UK vehicle miles driven per-motorist have plunged -20% since 2001. UK is going post-car.

And post-aviation. Covid is the first nail in the aviation coffin. Green extremism will be the second. Metaverse the third. The UK aviation industry is shrinking.

As predicted, the share price is in freefall. Stampede for the exit. It has plunged -60% in a month.

If the current downtrend continues, THG will be 50p by Xmas.

A lot of folks in denial here.

Heathrow has plunged from no.1 to no.22 in less than a decade. Luton is propped up by the taxpayer, like an old Soviet airport. RR share price has collapsed -70%. EZJ share price has already plunged by more than half. Green extremists are going to push in the future (never-ending) for always-higher airline taxes and consumer limits on annual flights taken per-person. Vaccine passports are going to create a two-tier society that excludes 10-20% of the population from flying. Younger people are going to take their holiday breaks in the 3D metaverse,not on a beach. The market is shrinking.

UK is going post-aviation. The golden era is over.

Looks like another day of sharp decline here.

With cash burn, slowing organic growth, forex pressures, CEO debacle, investor-presentation disaster, ownership chaos, breakup chaos, opaque Ingenuity guidance, and shorts pressure, it is hard to see any upside for THG right now.

This looks headed for the £1-2 range.

Very, very sad to see the decline of the UK aviation industry.

Heathrow in 2013 was the world's no.1 busiest airport... now, it is no.22 in 2021 and plunging fast! A stunning collapse.

Meanwhile, EZJ shares have plunged an incredible -60% since 2015 and continue to glow red most days.

UK is in post-aviation decline.

Like factories and mines before them, UK airports, airlines, and tourism firms are now dying.

Sad times.

Clutching at straws ;-)

Petrol is up +25% in annualized terms.

Petrol is up. Food is up. Drink is up. Eating out is up. Electricity is up. Gas is up. Cars are up. Vans are up. Postage is up. Tax is up. Mortgages are about to up.

It is like the 1970s.

Proper UK inflation today is running at 10-30%.

For example, petrol at the pump has rocketed +35% between May 2020 and Oct 2021. Commercial electricity for big factories and warehouses has soared +30% from H2 2020 to H2 2021. The FAO Food Price Index is up a huge +30% from Sep 2020 to Sep 2021.

With tax-and-waste Rishi / Boris on the till, you voted blue... and got red :-(

As predicted, the bear trend here remains in control.

Share price is in freefall.
Management is a disaster.
Ownership chaos.
Breakup chaos.

Target price of 75p.

Branson is -97% poorer than Bezos (Amazon)... Like comparing Skoda with a Ferrari!