The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
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?
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."