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If anybody has information on significant pending patents - like, what are they for, where are they lodged, and is there a time frame - please direct us to it.
And we could be waiting a while for these patent applications to progress: govt departments (and I expect patent offices) are way behind where they should be, post covid.

I wasn't aware that a major patent relating to the AFT motor was pending - I thought all the important ones were settled.
That could indeed be a reason for the dismal share price performance recently. The moat's not much of a moat without the patents to back it up.
Certainly something's not adding up: leave aside the directors, why aren't the pension funds/institutions that the CEO mentions as big investors in the company buying more shares at these crazy low prices if the opportunity is so exciting? Why? It's not like SED are unknown either - they've done a very good job of publicising their business all over the place... and yet the company's market cap has dropped from £200m a year ago to < £50m now.
Doesn't make sense.

phew!

ahead of tomorrow's results - hope nobody's got wind of something bad...?

Agree about overreaction. And also topped up.
I'm not sure about rallying hard in the near future, but certainly a recovery from here. I paid 65.95p, a ludicrously low price as I see it.

...but also get out before the herd... equally important.

Reassuring post Agricore - nothing wrong with nailing your colours to SED's mast, esp when you back it up with thoughtful analysis.

About the directors' emoluments, take your point that via the share warrant options, they have 'skin in the game', but that's not quite the same as dipping into their own personal cash... and £300K's worth between them still doesn't feel to me like a commitment commensurate with the opportunity here. On the other hand, maybe they don't need to make that kind of personal financial commitment if they're potentially in line for 20% of the company (via the options) anyway..... but that throws up another question: don't you think that's a v generous share incentive plan? 20% of the company?

Unmentioned, but a macro pivot this year - i.e. interest rates into reverse - would also be v helpful to the valuation.

The companies in question were Boohoo, Asos, Zalando & THG - all uprated to "buy".

Apologies if this has already been discussed. It's a pleasure to post something positive for once.

"We are still prudent on consumer demand and model almost no sector growth in 2023 - but argue this is well understood by the market: caution on these stocks has brought 2023-2024 profit expectations down 55-90% since January 2022, & valuation to 13x EBITDA 2024, 35% below pre-pandemic."
Bank of America said that for the shares to recover from here, these companies just need to convince the market they will survive.
"This is where we are more positive: all companies in our coverage have implemented cost-savings measures, and several of the macro-related headwinds we recently saw - freight, raw materials, energy, inventory glut - are reversing."
"This should be enough to go through 2023, even for Asos and Boohoo, which have the most stretched balance sheets in our view."
"Putting it all together: expectations now look fair, if not prudent, on a sector trading at very low levels and even if we may be early on our call, that is enough to turn positive here, in our view."

I wonder, is there any bright spark out there that can tell me which are the main countries DOCS sells into? I can't find any such information, do they publish a sales by country breakdown?

She's still at it - I make it 3 separate RNS'd purchases in the past week. With the court case recently settled, the Alliances may consider the situation sufficiently de-risked.

Their coming to market - in common with many IPOs - was well timed, but that's not really the point. Yes the macro has changed, but the point is that some of the features that made THG an interesting investment proposition have not been made to work and are up for the axe.

Yes stockbrokerbelt, it seems we - and a bunch of highly paid institutional investors - were sold a pup.

AJ Bell investment director Russ Mould said THG had "once again failed to deliver the goods".
"In an environment where plenty of retailers are saying that trading has either held up well or self-help measures are helping to drive a recovery in earnings, THG bucks the trend by issuing a profit warning."
"One of THG's key selling points was its ability to take third party brands direct to the consumer online, handling all the design, production, packaging, marketing and delivery. This business unit is now up for review, suggesting that it could get streamlined or even given the chop entirely."
"Just as many bricks and mortar retailers have been forced to review their business and focus on what they do best rather than continuously try to expand, online players are also doing the same. We've seen a period of rapid sales growth for online entities, but times are changing."
"If the stock market doesn't buy into THG's realignment efforts that raises the chances of founder Matt Moulding finding someone to help him take the business private."

The direction of travel for this company is plain to see. In any likely privatisation, those with high averages will not get their money back.

"Still early days here". Exactly Silverblade, much earlier than (say) RENX I'm led to believe.
So... I've topped up - my first top-up of VRCI - on today's price weakness, paying slightly less than half what I coughed up in my original purchase back in June. Obviously it's risky, so I've kept the size down... but it worked out well for me when I made a similarly 'brave' top-up of RENX not so long ago... so I'm hopeful. My reasoning then was if I was previously prepared to pay a certain price and the price has since halved without any new negative news (except the inevitable using up of cash resources), then I should be even more pleased to buy now. Obviously there's a limit to that logic, if it's logical at all...
Or maybe it's just the gambler in me!

...even if I wanted to.
Clunk, click, every trip!

There is progress, but at a slower pace than hoped for. Therefore, at any given point in time, THG are under-delivering...
However, with the reduction in cost inflation and the self-help measures being identified and undertaken, this may finally be the proper reset that we've needed. 2023 is starting to look a much better prospect to me.

Agree, but the share price has taken a severe beating over the past 12 months and I wonder if, valuation-wise, those good times will come back any time soon for a 'techy' company like this. Plus, as you say, we have the misfortune of being listed here in London... that's not changing. I hold shares... with decreasing relish tbh... but I'm still hanging on in the hope of organic growth (i.e. some contract wins like the FREYR battery one).

Yup, Lady Homa Alliance bought 2.17 squillion shares last Thursday 12th Jan. And why not?

Yes, some wild swings - but mostly up... as hoped for.