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On a widely up day to be down 4.5% is indeed poor. Roll on March to see what AF has to say and hope it contains some real positives for shareholders - JL seemed only to address those on the payroll.
@Canary - I will join you with a 100k buy in the high 40's - unless the reason we are there is justified.
Something about THG does not smell right and the market knows it.
@bubbles - I was in profit the other day to the tune of over £3k when we hit 22.5 on the bid so I am not that concerned. Other plays this past year have been very lucrative so all in all I am dreading my 2023-4 tax bill given what the government go and spend it on.
@Share' I am not sure where you get your impression from but as is quite often you are wrong. Simply this 'recovery' has seen the juicy bits of Capita flogged off - most below book and whilst debts have come down operating cash flow has drained a chunk of that and we are left with the low margin/negative margin book.
The new story is they can make double the money out of this kind of work - so why not before comes to mind. Leaving aside underspend on IT leading to the data hack.
In summary - I wish someone would take the lot for 45p and lets call it a day.
@Sharehead - Despite holding too many here I am no longer sure of the turn around story. JL spun that line so many times and yet we are still CF negative and the all but nailed on implied token divvy in 2023 is still at least two years away.
I think this will rally but no longer think the short trip into the 50's is likely to be repeated - my thinking is now mid 30's at best. I will be reducing hard at that point and anything above 40p and I am gone. Better fish to fry out there not least those actually paying shareholders for the privilige ie. a divvy.
"If my technical is eye serves me right, the SP will bounce off the current bottom channel and north of here.
Failing that, a fall through the current price will see lower lows."
So it might go higher or it might go lower. Jeez thats useful did you study for this particular skill?
BB's such as this are often a collective help group for those long who are underwater, dangerous places indeed.
The other inhabitants are day trader looking for something to pass the time between Youtube and P0rnhub I and sad lonely boat anchors such as NF and Aimless for whom this is their only miserable existence.
Best avoided IMV for anyone without the resolution to ignore them all to one extent or another - Including me!
Indeed Sharehead, sorry Trustfund but that line gets you filtered. Looking back at your posts here you have been a one ball juggler that has mixed bravado with quiet despair. Since 2022 you have had by my reckoning one standout moment to sell up and that was last March and a number to trade within. Bailing now at a big loss may be the better move (shares are hardly predictable) but I am near certain there will be a good sell price this year at some point and possibly March where 35p might easily happen.
I'd have waited a bit longer. But its your money.
Sharehead - Quit ramping please. CPI is not the company it was in 2019. It has sold off a lot of the family silver with the question currently is whats left going to be sustainably profitable or have they effectively been canabalising themselves to stay in the game?
My money is they can still prosper but I cannot avoid facing the fact that they are priced to fail. Indeed my expectations here were we would be over 25p by now and yet we remain resolutley below 20p.
I will be scaling back here if and when we do a little zombie dance past 30p and if the Gods are smiling and we some how see 40p then I will get may hat and coat and leave.
The form book says a zombie dance is due - will we see one in March or have to wait till early Summer? I have no idea but the Serco story has not harmed the chances of one.
"Maybe the "strategy" is indeed to go back to hawking tat from the back of a Transit."
This is the nub of the matter - akin to Alan Sugar the mindset of the founders is hard to shift and Kumani and Co are very similar to market trader Sugar.
The graveyard of fast fashion sellers gets ever bigger and BOO seem to only understand what made them grow within that space - not evolve or adapt. Ambition certainly but talent is lacking.
The writing is on the wall for them hence the silence around trading, everything coming out of BOO reads like a massive profit warning.
@bon scott - Indeed the level of competence shown by BOO board is worrying.
I had little doubt online fast fashion had a poor Xmas and see little reason to beleive BOO will fair better into the Spring Summer season. Any hopes of recovery look as distant as ever and peeps beleiving DEB's under BOO guidance will work are deluded in the extreme.
I think MA will come to regret buying in here and should instead be looking to scavenge the corpse when BOO's market traders leaders accept its over.
You my ramping old chum need to step up fast, the ship is taking on water and starting to sink.
I understand the negativity towards cg' but you have to admit he has been on the money for a very long time.
Why so much slack towards Stroll - the lies he has told are worthy of an AIM listed penny stock. If this share is like supporting your favourite football team then I get it, if its about making money then AML is as Karenoble describes - a money pit with no happy ending in sight.
OK - They carry on like they do though!
Having been bronzed by the lies told by AIM companies in the past I sympathise with all of you who have been lied to by the board here.
Its seems to be part of the listing culture of AIM - lie, raise some cash, lie and repeat until the shares are so worthless they are almost nil.
Avoid except for a day trade punt with money you can happily lose.
I love the unswavering support the likes of Onsolid' gives poor old THG. Me I am looking at the form book rather than peering into the chillers at Iceland.
The form books says Q3 Trading Update in a fortnight or less will disappoint.
I am not disheartened by that however and will see this as a buy in opportunity as the form books says some other spurious nonsense will happen in 2024 - pre Easter hopefully and it will double.
Roll on 50-55p I have a very large heap of cash waiting!
This year I beleive will be pivotal for BOO - sales in the US need to warrant the cost of renting the new warehouse, in the UK they need to show they know how to sell profitably across a range of markets.
Can they do that? Personally I doubt it however if they do decide DEB's was a purchase too far then MA might well take it off their hands - perhaps they can revert to selling sl ut outfits knocked up for pennies and turn a profit again?
@Knowbodyyouknow
It is a subconscience desire to be part of the cult that is THG. Or something like that.
No not really... I am more like the Good Shepherd trying to save the flock from their desire.
#Happytohelp
What's your proof / evidence that Apollo bid was fake?
Simply the form book - The first bids were nonsense and Apollo turn up bext just before the worst update in THG history. A smokescreen in my view orchestrated by the boss man.
If you strip out MA buying I see nothing going on at BOO that would prompt you to buy.
I suspect trading has been poor and the TU will confirm. Yesterday I think some folk got to see how poor and started selling.
The hope here is MA who I beleive is obsessed with owing DEB's - if BOO get into deep finacial water though he is a shark and will pay very little.
I fail to see how it will be good.
Just my opinion based on what I have seen and read. Cannot see what will be positive.