RE: First part of Barclays report19 Jul 2022 21:49
Haven't seen anyone attack anyone? Except Barclays who make money on the way up and make money on the way down because they've been shorting the share.
The whole analysis is guess work. People give them credence because they are a broker. Conflict of interest when they were shorting.
'Potential headwinds' from the macro environment. 'Elevated whey prices' but whey prices are falling. 'We worry that the macro environment could slow decision making on the ramp for Ingenuity '.. And they are still assume it's happening and that it has a high value-modelling £22 million revenue for Ingenuity in q2, rising thereafter. A lot of 'ifs and coulds' to take growth down from 19% to 13%! Looks like a made up analysis to suit their shorting.
Yeah. Cost of living crisis. Did anyone read the latest retail data? The only place where there's strong growth. Post pandemic spend on clothes is strong. It's Summer! People are meeting up again. Cutting back on big ticket items, furniture, cars, even buying cheaper food. Still holidaying. Still going out.
I am happy that they are still expecting the sale of Ingenuity. The rest is a big agenda. They will try to make it self fulfilling with more shorting. Bunch of crooks really.