RE: Brokers (for those that follow their nonsense).5 Dec 2022 09:03
I think you are spot on Oke, I also have no problem with longs or shorts (I do however with shorts + journos+ analysts potentially working as one, as we may have seen recently)
I think THG owe it to shareholders to move to premium market listing asap - its nothing short of a disgrace how they listed (standard/ mould as ceo and chair and landlord and majority shareholder etc etc) - this is starting to be corrected but it is defo too little too late
the risk of being out of THG is that a good news RNS hits (which we have seen quite a few times)
the risk of being in THG is that shorts are all over the limited free float, knowing no II will invest due to the issues I have mentioned above on standard listing
in a nutshell, in the short term, THG is a whey protein price game for me (circa 1/3 of their ebitda was lost due to the rise in whey/ could be a lot more that comes back with the decline in whey) - whey is down a lot esp on the futures market so will continue to drop on the EU market this year.
if ingenuity commerce can actually start to achieve with whey staying low, THG can easily be 1.50 to 2 quid a share (unless mould opens his big mouth again :)