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Dear All
I have 120 email addresses in this list.
We have had so far three zoom meetings with Bill Ferguson at Carlton Huxley ltd to discuss the possibility of investigating POG BoD and OPUS .
I attach a copy of the communication sent to the telegram group by Bill Ferguson regarding this matter which is detailed below.
I urge all shareholders to join the Zoom meeting this Friday (9/12/2022 at 7pm) to discuss the matter further and hopefully to start action asap .
Kind Regards
JJ on the telegram group
My name is Bill Ferguson and I am the CEO of Carlton Huxley Ltd, a U.K. based firm of legal and law enforcement consultants who specialise in assisting investors who have problems such as you are experiencing with POG. In particular we investigate high value, multiple victim cross border disputes.
We have been contacted by a number of stakeholders and asked to take a high level look into the circumstances and conduct of the board leading up to the administration , and the conduct of the administrators themselves.
You are not a group per se as you are all individual self directed investors and shareholders in what is claimed to be an insolvent company. You are trying to make sense of this and to get people to listen, but you will not achieve very much until you are United and the facts have been investigated and documented.
In the normal course of business the directors obligations are to the shareholders, but as soon as the directors know or suspect the company is insolvent their duty of care moves to the shareholders.
In this case there is a concern among the shareholders that they and the courts have been misled by the directors and that the company is not insolvent.
There is a second suspicion that the Administrators know the company is not insolvent and are guilty of malfeasance in office by proceeding with the “pre pack sale”.
We have offered to carry out a review of this matter which will start with a review of investors information and documents from which we will compile a report/statement.
Regrettably there is no free or quick solution to this matter, and we are very conscious that this matter has caused considerable loss and stress at a time when everyone is facing a cost of living crisis, so, we are offering to do this review for a set fee of £750 + VAT.
We know that you will have a lot of questions and so we will be holding a zoom call at 7pm on Friday 9 December
Please see this link to the zoom
Click https://us02web.zoom.us/j/88963726864?pwd=NXMwT2k5eXJodk9NNnRYaFpRQzl5QT09 to start or join a scheduled Zoom meeting
We have also setup a dedicated email address you can use to contact us.
POG@carltonhuxley.com
Kind Regards
Bill Ferguson
Carlton Huxley Ltd
guess the biggest question which is THG in a nutshell - was 650 EVER close to correct valuation - is 50 close to correct valuation ? Noone quite sure what it should be and think that lots of the selling is just algo - UK/inflation/retail (basket with BOO ASOS et al) etc not understanding nuts and bolts of firm specifics
However, THG’s share price took a tumble in June when it rejected a number of takeover bids, including a £2.07bn offer from investment firms Belerion Capital Group and King Street Capital. It said the bids “significantly undervalued” the company. More crushing news arrived in July, when plans for Japanese conglomerate SoftBank to invest $1.6bn in THG were called off.
Analyst outlook remains upbeat
Despite an uncertain outlook for the ecommerce industry, analysts remain upbeat on the stock’s prospects, suggesting now could be the time for investors to buy the dip — particularly if THG can repeat its last earnings performance.
At MarketScreener, among 12 analysts offering ratings, the consensus is to ‘buy’ the stock. Their mean 12-month price target is 223.46p, representing a potential 300% rise from its close of 54.14p on 12 September.
In June, Citi analysts resumed coverage on THG with a ‘buy’ rating and 220p price target, which would imply a 306.4% upside on its most recent close. In the accompanying research note, the analysts noted that its beauty division is a “strong player in a very attractive market” and “could make up for the total valuation of the company”. THG’s beauty business has indeed seen strong growth in recent quarters, with revenue up 48.7% year-over-year in fiscal year 2021 and 19.9% in the first three months of 2022.
Wider market uncertainties have weighed on the THG share price in 2022, though the company still reported strong full-year results for fiscal year 2021. Investors will be hoping for a repeat of this performance at its H1 results announcement on Thursday 15 September.
The Hut Group (THG) [THG.L] is set to release its half-year earnings on 15 September and while inflation could weigh on its results, analysts see strength in its beauty business. The troubled UK-based ecommerce retailer has seen its valuation slashed by more than 90% since its much-awaited IPO in 2020, when it raised £1.9bn in its stock market debut.
The company has rejected takeover bids and an investment proposal from SoftBank [9984.T] recently fell apart, but its low valuation means some analysts are recommending investors buy the dip.
After reporting full-year earnings for fiscal year 2021, the company could be in a stronger position than its valuation suggests. In April, the company forecast “strong revenue growth” for 2022, expecting sales to rise 22–25% year-over-year. However, the company cut its EBITDA margin guidance from 8% to 6% as a result of inflationary pressures.
With UK inflation hitting another 40-year high of 10.1% in July, and some analysts projecting that it could reach as high as 18%, investors will be awaiting further update from THG about how the company plans to maintain sales and profit margins.
How has THG performed since its IPO?
The THG share price has fallen 76.4% since the start of the year, closing at 54.14p on 12 September. By comparison, the FTSE 100 is flat year-to-date. Over the past six months, the stock is down 37.6%.
However, this wasn’t always the case. THG launched its IPO on the LSE to considerable fanfare in one of the biggest floats the exchange has ever seen, raising £1.9bn in its debut. The firm floated at 500p in September 2020 and its shares had risen to 837.8p by January 2021.
However, in its first listed year the company missed profit forecasts, causing its share price to crash in 2021. It’s more recently battled the tech selloff and weakened consumer confidence. Against this backdrop, the stock has plunged 91.9% over the past 12 months.
Strong 2021 overshadowed
Despite the poor performance of THG shares, the company reported promising figures for full-year 2021 and the first quarter of 2022. Full-year revenue was up 35.1% to £2.18bn, while first quarter revenue came in 16.3% higher year-over-year at £520.2m. Its THG Ingenuity ecommerce solution was particularly strong in both periods, with revenue growth of 41.5% in the full year and 28.6% in the first three months of this year. Following the announcement on 21 April, the THG share price closed 15.9% higher than the previous day as investors digested the good news.
tbf absolute nonsense - whether we are 49 or 52 at close today is almost irrelevant - this has moved from ~100p pre bid to "rejecting undervalued 170p bids" to current 50p on quite frankly no newsflow (ex inflation) the news tomorrow has to be really quite dire to confirm current levels - or a bit lower, or it moves some distance back up... one of the more bonkers and illogical shares I've come across... so basically we're 40 or 70/80 tomorrow ??
I think all marginal / uninterested investors were out when sat turgid post update at 190-220, I'd guess very limited selling now from LTH and outside market started to buy looking for recovery trades given possible changes with the russian army seemingly on back foot and now public putin/kremlin dissent causing a rethink in what happens next ???
not quite sure how many pinches or kgs of salt you need with the estimates...
Although that share price rebound proved short-lived, analysts are optimistic about the company’s prospects. According to the Financial Times, of 12 analysts offering ratings on THG in September 2022, four rated the shares a ‘buy’, four gave them an ‘outperform’ rating, and four considered them a ‘hold’. Of the 10 analysts providing a 12-month price target, the median target was 212.50p, representing a 299% increase on the 9 September closing price of 53.26p.
they now have until early 2023 to come up with financial solution - in which time if business rockets....
posted 2.5 hrs ago !
FigTreeHarry - do you have the content of the FT link pls ? I'm at my monthly limit of articles !!
tkvm
how many more people fancy saying this today ?? probably the same ones repasting the same links from different sources that all say the same story which started from WSJ and still quoting unnamed sources...
we all know the same news or not as for now - lets see how unfolds but stop trying to "help" people to sell into the close...
there is no point citing different articles, they are all just posting the same "un-named source"
now back over 3p.. 3.10/3.30 ... w t f
its in auction jamesP
slowly slowly shackles coming off...
https://www.thetradenews.com/wall-street-banks-return-to-russian-bond-trading/
"Following a ramping up of US sanctions against Russia, the Treasury prohibited market participants in the US from purchasing both new and existing debt and equity securities issued by a Russian Federation entity, causing most banks to cease their activities. JP Morgan, one of the last banks to exit, halted trading in June.
On 22 July, new guidelines from the Treasury allowed holders to start winding down their positions again, within the parameters of current sanctions, allowing investors to exit their toxic positions. The US Treasury approved an auction in credit default swaps sold on Russian bonds late last month, with the Office of Foreign Assets Control (OFAC) issuing licenses for the auction and associated wind-down activities, following a group request by market participants.
The Treasury also clarified that banks would be allowed to facilitate, clear and settle transactions of Russian securities in order to help their US clients wind down their positions. A Treasury spokesperson said the move was designed to help US and global investors make a clean exit from their Russian holdings.
It would now appear that activity is being cautiously resumed, with most of the banks operating on a request-only, case-by-case basis. "
I will be delighted to see how many more ADR/GDR have been converted. As of today the pure MOEX + cash is valuing for me at £3.70 without any of the DR's - I'll love to see how much this might bump up to - especially if its the gazprom, lukoil and rosneft holdings which could well be decent (caveat I've found it very hard to ascertain - sometimes 1 ADR = 0.5 share, sometimes other way around etc 1 ADR = 2 shares) but those three could be worth almost £1 more if all exchanged AND 1:1...