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It's been a great week for the THG share price.
If we take a look at the technicals the slow stochastic has now embedded and implies 'a locked in' bullish bias to the upper bollinger band. The current price is also above all the main moving averages with a possible bullish crossover in sight.
Stay Long
https://twitter.com/capital_wk?t=49DvG3t4SZYc8MhwzFOsBw&s=09
This was last Feb
https://www.sharecast.com/amp/news/news-and-announcements/private-equity-firms-said-to-be-circling-thg-shares-surge--9159960.html
https://am.pictet/en/uk/individual
They have 10m shares
The 1 year high share price is 235p while the 1 year low share price is currently 31.54p. There are currently 1,220,932,401 shares in issue and the average daily traded volume is 12,214,764 shares. The market capitalisation of Thg Plc is £724,012,913.79.
Current price relative to earnings is x 0.33 which is insane!
At x2.4 earnings (same as Ocado) the share price would be 436p - are we ready for the re-rate?
HH Just like THG it seems the management can't run a plc in terms of proper behaviour and process - two examples of recent IPO's that fall like a stone - what does it say for UK fair play in business??
Let's get this over with!
"There seems to be a general market feeling that £2 or so without any significant debt carry in will be taken seriously at this point. It's a shame in a way but people are getting shortsighted."