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Morning HH - you still holding your THG's?
30p EoD?
Investors welcomed a less dire outlook from Walmart Inc after the retail giant forecast a smaller drop in annual profit than expected. Walmart's shares are up 5.42%, helping to send other retail stocks higher, such as Target, up 2.63%.
Home Depot Inc surpassed estimates for quarterly sales after demand from builders and higher prices helped the biggest U.S. home-improvement chain cushion the hit from dwindling store visits. Home Depot's shares are rising 2.57%.
I was in at 30 too - expected a bounce after the big drop from 60 - however this price action suggests done positive audit news and perhaps an additional RNS ahead of results - unless Matt is after it?
Look at the daily chart where the share broke down from 60 to 30 - gaps often get filled so my estimate is a return to the 33 area short term
It's after that gap fill
Indeed - now holding both
Perhaps about to be taken out!
If you read it carefully they are talking about FY2022 (audit issues) and FY2023 results - next FY - a year down the line!
Is it time we started one!
In my 40years of investing I have never ever seen a CEO so nonchalant (buying stock and gifting it) when PI's are getting annihilated.
Enough is enough - bring forward a trading statement and a strategic update - NOW!
https://twitter.com/thgplc/status/1517090890782707712?s=20&t=DbNX5ynRQagR9ku2Lja6UA
Don't let the (short) b##£%tards grind you down!
...and why would they - they don't see the next industrial revolution that's taking place which puts THG right at the front with it's e-commerce and technology iniatives.
This means when they understand it - it will be too late as the shares will have multiplied significantly!
https://youtu.be/LDhJ5I89H_I
From tonight's FT
Rising retail wages will fuel “hyper growth” in demand for warehouse robotics, the SoftBank-backed company that is automating all of Walmart’s US distribution centres predicted as its valuation more than doubled to $10bn on its first day of trading.
Symbotic, which uses artificial intelligence and fleets of wheeled devices to help retailers store packages and assemble pallets in their warehouses, raised $725mn through a merger with a special purpose acquisition company that is affiliated with SoftBank.
Shares in Symbotic jumped by 120 per cent to close at $20.07 on Wednesday, giving it an equity value of just over $10bn.
SoftBank, the Japanese investment group, put in $200mn to take its stake to 5 per cent while Walmart, Symbotic’s largest customer, injected $150mn and now owns 11 per cent of the company.
Summer Sale - great buying opportunity