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this kind of drop generally indicates that something fraudulence is going on...otherwise why such a drop and no one(institutions/directors) is willing to buy even at these levels...
but how come same fraudulence happens on all th three companies at the same time...THG, ASOS, BOO..revenues for all these companies seems to be completely fine...
there must be something that we all are missing...
who is selling at these levels? who is shorting at these levels as there must be not much downside...
I am really pssied sitting at an average of 165p...started investing since it was 264..
this was 5% up this mornign when the market was around 1% down...market is up by 0.5% and this down by 2%...what a joke...
yesterday's 10% drop was due to some wrong news, even after company clarified the same, it did not even recover a bit...
someone is deliberately holding this share, I assume..
@nauri123a: I also fear the same...can't this be an exception? any other shares dropped this way, there musy be some valid reason..but what is the reason for a drop on this share especially...apart from ingenuinity, everything seems normal...don't see any news on their regular age old business model...even after valuating ingenuinity at 0, this should have been far far more..please let us know if we are missing any other details...
CEO metioned that going ahead, almost everyone in London will know about the brand...they are focussing on outdoor advertising..
I am already sitting on a heavier loss..lost more than 60% of value...
Amazon...wow...glad I held
done with this...gonna get out of this s**t...will be selling my 200k shares at a loss tomorrow...this is going nowhere...
companies like these only benifits short term holders....
have been holdong for an year and sitting with some heavy losses...If I sell now, someone else will be taking that advantage, if there is any...
I never expected this to drop so low...I believed in this, leave ingenuity, the rest of business is far more than what current share price is worth...
I want to teach myself a lesson on how to invest in future, so leaving it to drop as mush as it can...let it go to ZERO and let it teach me some valuable tips on how not to invest in future...
Through IPO, they raised £12m at 5p per share
and when they reported results, they had around £9m still, of the cash raised from IPO.
which equates to around 75%, so 75% of 5p is around 3.75p and I rounded it off to 4p...
not sure, if my logic is correct...please don't be harsh on me...
the cash in their hands itself is worth around 4p, how come the share price gonna be around 2p..
I understand the frustration, I am heavily invested since beginning and sitting at a huge paper loss...
what I can I do?
moreover, I also started feeling that money they raised through IPO is just being used to pay all their salaries and nothing else...