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Seems to be a fair bit of support around 179, if this is broken mostly likely this will fall easily down to the previous support of 175.
I think with this stock you’re better to have a clear exit and entry and if you’re in for the long run price monitor once a week. Too many variables influencing the markets at the moment so any movement either way isn’t really a true reflection with no company announcements or dare I say it, investor confidences. Going to be plenty of sideways movement right up until Christmas across the board.
If you’re wanting a quick flip then all the best, there’s no clear indicators either way with all the background noice.
Just bought another 2000 about 10 minutes ago, not sure what’s going on behind the scenes but the silence is deadly. Trading announcement due at the start of December so I’m going to keep buying snippets at this price. If it goes as low as 160 which I can’t really see but never say never I’ve got a 15k trade set to buy.
Some of the comments I read on this board are comical also, some people have so strange obsessions with sticks they hate and don’t invest in ;).
See you mid December hopefully around 240/260 mark with good supports.
This goes back to the age old theory that the UK doesn’t handle tech very well, not sure if it comes down to market manipulation from others to force the narrative or not. This company is not well undervalued and the SP is falling with little resistance. If you can wait the time you will be fine if not join the herd, it seem THG is now tarred together with ASOS and Boohoo in terms of charting. Update due at the start of December but I’d imagine and sales forecast upgrade before then.
I know it’s slightly different but I was and early investor in Sophos before it went private and that proved a very difficult company to value throughout its listing and didn’t always get an easy ride and I can see Darktrace although very similar will suffer a similar trace.
The US tech bubble is ever increasing but I think MM must look on with envy and wonder what could have been. The FTSE index needs natural progression for modernisation but unfortunately we’re about 10 years behind the US and China.
Despite all the talking and loud noises from message boards it’s holds little weight in this situation I feel, this is more of a personal attack on MM and THG from institutions for what they see as not conforming to their rules on governance and diligence.
Personally I feel sorry for him as the switch from private to public with all the bright lights has obviously got the better of him. But this is his life’s also and as much as I’m annoyed with the situation and the current loss I’m standing the fundamentals haven’t changed if anything they’ve got a bit better with the surrendering of MM’s golden ticket.
Not sure when the dust will settle here to be honest, but without the backing of the big institutions who’s shorting here it’s going to be difficult and may take longer than people think.
A lot of short positions closed today, in my humble opinion stick should get back to £5 before end of the month. Personally now I’m averaging at £4.10 at 3047 shares. Let’s see what happens but I’ve met MM personally a few times and I’m sure he will try his best to restore faith. He cares more about his personal reputation than anything else.
Let’s see…….
Enjoy the ride people.
I sit back I just read these boards mainly without comment, but I have to say I do agree with you on this. I’m not sure it’s entirely his choice if you look at how Japanese companies used using separate arms for an individual listing, it could also have been influenced by SoftBank.
Either way the sell off has been strong. My average is now £5.30 and I’ll be looking at £4.60 and £4.90 for future buys. Let’s see what next weeks announced brings……
I like to see the positive with everything but this has fast become another overbought stock. I think true value is more like 250-265. The company has great prospects and is showing good growth no doubt but people are paying for 2016's potential at the current price.
With ABF showing good growth in previous years and with no sign of it slowing up surly the dividend return should reflect this. I honestly think it falls well short of what it's % return should be. Was hoping for at least a 1.5% raise this year on the previous year but it looks unlikely. Real shame. Great investment in the long term but once the growth starts to slow I can't see the appeal.