Member Info for Trenners

.... To change the trend here?

I thought news of separation - I was wrong
I thought clarity around SoftBank - No wrong again
I thought large share purchase by Lord Allen - Nope
I thought large share purchase by MM - still wrong

So what are we left with ....

An out of the blue PE offer ... For part or all of the company .. unlikely at the moment with interest rates rising and MM rejecting all debt fuelled takeovers.

Some strategic partnerships to accelerate business growth and profitability - possible but probably not announced before 15th September.

An offer to take the company private again by MM - yes that's a hope ....or two hopes ....Bob Hope / No Hope.

So we wait in this holding pattern, again, until 15th September waiting for latest update convincing ourselves it will be good ....

The above might explain why the share sits at 67p with brokers suggesting £1 / £1.20 fair value.

I am an exhausted buyer - can't bring myself to buy anymore and can't afford to crystallize such a stonking loss to walk away from this debacle .

I totally get this company and, specifically, Ingenuity but I must admit that the board couldn't have played this any worse if they had tried!

By going public with such a small free float is punishing us all with, no guarantee of any reward in the future either!

Sigh (I feel better now)

Trenners

.....is that £1.219 UT trade at the close a good omen?

Share price movement over the last few sessions would suggest take off rather than crash landing but I know others (on other boards) have been trying to amass money to buy into a crashed IAG share price tomorrow.

Not long to wait ... thoughts anyone?

Trenners

I can't believe we are back in the 160s with a 5p dividend just around the corner ... definitely a top up for me this morning.

These may well trend down into the 150s during the summer... But that's just an opportunity to buy more.

This will be back to the 190s in no time at all ...

Results were as expected and nothing to fear here!

Trenners

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The reason why MM might have bought the shares and then gave them away is because:

1) He wanted to demonstrate to the market that he was confident in the performance of THG by buying shares and issuing an RNS

2) For some internal reason he has agreed (or is not legallyallowed) to buy anymore shares in his own name.

3) So he buys the shares, issues the RNS and then immediately gives them away.

That would make sense and, assuming he is precluded (for whatever reason) from increasing his own personal stake, is a stroke of genius as it shows his confidence in the company without breaching aforementioned rule.

I agree it's not usual and millionaires don't usually give away their money - but if he is precluded from adding anymore shares to his holding - this is away of demonstrating faith in the company.

Just a thought .. and whether I'm right or wrong - it's good that a million more shares are out of the hands of the shorting brigade.

Trenners

No 830k share buy - that was the uncrossing trade - sigh!

I'd keep the ITV, dividend yielding, shares rather than risk them here ....

This is not a share for Windows or orphans .... In fact it's only a share for outright gamblers! Most of which, including myself, are substantially down.

Nice to see MM buying some.shares though - gives me some hope that all is not totally lost.

Trenners

@wakeyinvestor I've been saying it's a dip and a buying opportunity since it dropped below £1.70 last December.

Since then - I've been adding and now I'm one step closer to the poor house.

I've learned (to the detriment of the inheritance that I will leave my children) it's best not to chase this share.

When you think it can't go any lower .... Well it goes lower!

My advice is HOLD.

Trenners

Sigh ... No look again it says UT

Sigh ....no they don't ... That's the uncrossing trade and it happens everyday at 1635!

@MSG4GO I read somewhere, probably on here, that II wouldn't buy into this until it's listed on the main market and the golden share is one of the reasons why this can't switch across.

I think it is frustrating that MM runs this like it is still a private company (owned by him) - but that doesn't diminish the business or the business opportunity that this company possesses.

THG are investing heavily in D2C and if they are right - that D2C is an important strand in e-commerce going forward - then this will rocket over time.

Of course, if D2C is a flash in the pan then THG are going to have an awful lot of empty warehouses costing lots of money across the world!

I totally get Ingenuity (I don't think the city boys do understand) but it's not without risk.

Spending large amounts of CAPEX to build an infrastructure to satisfy future demand is a risk -

BT used to do this (by creating an infrastructure for products they launch in anticipation of their customers buying into their new products) and - with that strategy - you either win big or lose big!

Trenners

@MSG4GO - Haha - me too - so pleased to see the £2.30 close and then for us to break resistance into the uptrend at £2.33 - I added too - and it's been downhill all the way since.

Just got to either sit and wait now in the naïve believe it will come good in the end.

Haha I once bought POG at over £6 and watched it fall to 10p ... I noticed that went bust last week as it's a Russian share ....

No guarantee this will ever come good - but unless I want to crystallize a stonking tax loss - not much can be done at the moment.

I was itching to add more at 69p today - but if I buy many more then Matt is going to offer me a seat on the board??

@JG68 Like you I've been adding and adding and adding CPI since it started falling through 30p at the start of the year and, like you, I've got a lot of money tied up here .

I also had a lot tied up in MRO and, as soon as I got back to break even, I sold out a large position - just before the Jubilee weekend - to then have to stand and watch it rise 30p in about 4 days (as soon as I sold the company started issuing RNSs and the share price rocketed).

So - I'm trying to have more restraint this time - I'm now in positive territory and, to be totally honest, I can't see another share that's going to give me the same risk/reward in the next few months.

My plan is to keep my powder dry until we hit 50p then sell half (which gives me most of my investment back) and then hold the rest for the future.

I read, can't remember where, that the reason PIs don't do so well at share investing is because they sell out too quickly and that certainly describes me with MRO and I'm determined not to make the same.mistake again here!

All the best

Trenners

.... For 2 (Jeffreys and Barclays) out of 3 of our house brokers to reduce the share price targets to around £1 / £1.20 given that - since the bids were rejected - we've been in a 70p - 90p trading range (with us closer to 70p a lot more than we've been closer to 90p).

It would surprise me to see Citi also issue some form of revised note (down) in the coming weeks too.

The problem is that we are getting zero guidance from the company until September and the macro environment looks bad (although I agree not as bad for us as for other retailers).

So without guidance - it's just guesswork and given we have been trading 70p / 90p then £1 / £1.20 doesn't seem unreasonable although it's a lot less than a lot of people's averages (including mine).

But it's also important not to overlook the recent large purchase of shares by Lord Allen (which he didn't need to make) at 86p and that suggests he has faith in the business having looked at it from the inside.

So - like a lot here - I refuse to sell at a loss and hope Lord Allen has done his due diligence (because if he hasn't he won't only be losing his £1million - he will also be losing my £80,000 investment).

One positive RNS is probably all we need - I used to think that would be M&A related (but think that ship is sunk now) but now think it will be business separation / SoftBank related.

As they always used to say here 'You wouldn't want to be out of this over the weekend ' .....

in the meanwhile ... Another week of my life wasted waiting / hoping / preying for news from this company.

Trenners

Right - so somewhere north of 35p by early September is where we want to be ... Which surely is going to be achievable if we assume favourable results in early August.

That would put us on a 50p trajectory by the autumn and after that - who knows.

50p has been a historic very tough nut to crack and I see little reason to doubt that it will be difficult to pass again.

As I suggested last August (when we were last trying to break through the 50p barrier) - probably best to bank profit and take some cash off the table at around 50p and then wait for 52p to be convincingly taken out before re-entering for the next leg up

I took my own advice, last autumn, sold at 50p and waited a few weeks (until end of September) before buying some back at 55p as it looked like we had cracked the 52p resistance.

I was wrong and the rest is history.... But I don't think this is going to break through 50p in a straight line (unless we get a bid) but I'm happy to be proved wrong this time!

Maybe FTSE 250 membership again is what's needed to clear the 52p threshold

At what point would the SP be high enough to be eligible to rejoin the FTSE 250 .... And, more importantly, when are the FTSE 250 members next reviewed?

Rejoining should rocket boost the SP - given that when we left it cratered the SP.

The Barclays report is suspicious at best .... Why would one of the in-house brokers attack a client in that way ....

Perhaps the Barclays report is the signal for all shorters to close their shorts and go long (if only the stock market was that simple).

But the important piece of information is Lord Allen and a £1million share purchase at 86p.

Rich people like using their money to make even more money. You can be sure he did due diligence before throwing a £1million into this.

And if its good enough / sound enough for Lord Allen's million .... It's certainly good enough for my few thousand.

Just believe in Lord Allen even if you don't trust MM ??

I think you are wrong about The City Spy.

I also questioned the validity of his information, a few months ago, but he was absolutely spot on with his information regarding potential bids for THG.

If there is one source of information I would trust - it's from The City Spy.

That doesn't mean I would add or sell on his recommendation but I do give his Twitter posts due consideration as he's been right before (about what's going on inside THG and I believe he will be right again).

I think it will be around £1.50 within three months and, of course, when the SP moves - it moves quickly ....in both directions.

This is not a penny share ...of that I am certain

I'm not affiliated at all ... Honestly!

I was just looking for a platform that would let me buy a few hundred shares every day with zero dealing fees and came across DODL in the Mail on Sunday (as it had just launched).

I'm very pleased with it - not a day trading platform (because you can't time the buys / sells....it must be 11am) and not a platform to hold a massive portfolio of shares (because of the 0.15% annual charge) but ....

You can invest in funds (selected by AJ Bell and other big ones - my pension is in a HSBC global tracker) as well.

I got fed up paying my IFA/Pension Provider/ISA Provider about £200 a month in fees to manage my pension and ISA on another platform (he does nothing for the money) so started using DODL.

0.15% annual management charge for a pension is really competitive and that's what I'm paying DODL.

Only other problem right now is that you can't transfer in previous years ISAs or Pension Pot - but they are working on that - and when I can transfer in then my as old advisers will be £2,400 a year worse off!

Hi Jtan
I've been playing around with a platform called DODL which is operated by AJ Bell. They charge either £1/month or 0.15%/annum for the assets held on the platform.

I've been buying a few hundred IAG and EZJ shares a day for the last month or so and even though my blended average is underwater ....it's not as sunk as it would have been if I had bought 4 weeks ago.

DODL only has a limited catalog of UK shares at the moment (US shares to be added soon) and the other downside is that the purchase is executed at around 11am daily.

So - for large purchases (like my IAG purchase of 20,000 shares today) I use the X-O platform at £5.95 a trade ....

But for building a broader portfolio of shares in small quantities.... I've found the DODL app an absolute DODDLE.

I've created my ISA in DODL and I've also just.opened a personal pension too ... Everything is app driven and very easy... And if you have any queries they are very responsive in online chat too.

Hope that helps

Trenners