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RIP
It’s very possible he needs cash - the very wealthy have minimal capital tied up in cash (and why would you esp given the current level of inflation). You need an milly here and there. Onwards and upwards.
Lool I've seen everything now. Release RNS at 7am stating "With an increasingly aging population and no current tests available for early-stage diagnosis, the advancement of new biomarkers and diagnostics in this field offers hope to the millions of patients and their loved ones worldwide."
12.16pm: "Other than the non-regulatory announcement earlier today regarding the Group's partnership with NeuroBio to develop Optimers for a potential Alzheimer's disease diagnostic, the Group is not aware of any material commercial or operational reason for the significant increase in its share price".
*Slowly claps*
In any event, seems like I’ll be able to buy cheaper either way
No, I don’t pretend to be. Read my post history, if it wasn’t for Apollo’s “approach”, the share price would’ve have been shambled based on the last results. Congratulations if you exited at the right time and made dollar.
Whoever didn’t cash in and locked in at least some profits at anything above 90p based on the history has no one else to blame but themselves. It was absolutely clear how this was going to play out with 90% possibly. Candy story all over again.
Normal business resumes, I’m a buyer if it hits all time lows at circa 35p again.
Ria, please stop filling up the boards with consistent garbage.
I actually like the volume here, bought me some - lets see how it plays out
Surprise surprise. Was all done to prop the sp on the back of the 5hitty results. Normal business continues. Looking forward to the next MM linked in post.
She's breathing....
very valuable insight ria! What would we do without your commentary..
moon from these levels** well played to everyone who made dough though!
good call. There was value buying in 35-50 territory, now there are just lunatics patting themselves on the back left thinking that this will moon
Obviously frustrated by selling a massive holding a couple of weeks ago as would have made absolute bank yesterday, but investing is a marathon not a sprint, so happy with my decision to sell before the results as this would tanked below 50 today if it wasn't for the "offer".
The timing of the offer a day before the results was incredibly suspect - there was no "press speculation" whatsoever, unless thg leaked it themselves and pretended to act by addressing this. Clearly was done to prop up the share price on today's abysmal results.
Apollo have deep pockets, but they deep pockets for a reason - they do not overpay for the businesses and I would be amazed if they tabled any solid offer before being able to see today's results for FY 22 and first 23Q. Either way, even if there would be an offer, their narrative would be "you do not have a viable business here but you do have some synergies with our current assets so we'll throw you a lifeline". 200p chat is an absolute joke, on the back of today's results thg would be fortunate to get 125p. 100p would be more likely.
If Apollo tables a solid intention to purchase before 15-May (which I highly doubt), 90% possibility that MM would reject it. SP would tank - Sauidi's/Moulding may pick up the pieces then and take it private on the cheap (at a marginally higher bid than Apollo, admittedly).
But the headline today is that the growth has stalled, operating costs are bloated and MM's time is running out - why would a PE firm pay 200% premium on that?
Happy to stand corrected... Personally watching from the sidelines for the time being until 15-May, then will reassess.
Before THG even thinks about hitting 90p (300p is just lol) lets see if EBITDA comes in within January's guidance of 70m to 80m for 2022. They predicted 100m - 130m in Oct-22... Knowing MM there is a good chance EBITDA will come in at 50m and he'll blame the wider consumer market/inflation/recession. But hey, at least we'll get an upbeat linkedin post about a challenging year, which was a huge learning curve for THG's team.
However, would be more than happy to stand corrected and will start buying back in if FY 2022 EBITDA is within the last 70m-80m guidance.
completely sold by 400k shareholding with 65p average over the course of Friday/today. Was a massive holding for me and happy to exit with a small profit after such a rollercoaster. MM is clearly more concerned about getting virtual pats on the back and likes on LinkedIn/instagram than shareholders' equity and generally gives David Brent vibe with complete lack of self-awareness.
Can't justify having such an amount invested with such character at the helm, even with activist investors on board. Having said that, might be completely wrong - will reassess upon y/e results when we are able to see EBITDA figures later in April, not some bull**** smoke and mirrors turnover. Generally, quite frustrated as it could be a great business but the teenage narcism of CEO makes it uninvestable for me. You're 51 mate, act your age and get off insta
lol people don't forget beechknot...
I have been thinking that the takeover is imminent for the past couple of years since HRNet bought a stake in lol
I do belive they will buy staf eventually to bolster their revenues and get exposure to the European market. Surely there are synergies they could implement. At the moment they have issues with growth - maybe its time for them to expand beyond the Asian market... Anyway we shall see, I'm here till the end now - whatever it shall be!
hXXps://www.theedgesingapore.com/capital/brokers-calls/rhb-maintains-buy-call-hrnetgroup-trims-target-price-fy2022-earnings-miss-and
I have put a fairly substantial order at 60p - with friday limit. Doubt it will hit it. I personally believe that job market data on Friday will show cooling down - it has been running hot for a while now. Should lead to a short term pop at the very least
ffs normal service resumes. One of these days...
tbf MM strikes me as exactly the kind of guy to say that lol