Member Info for unhooked

And boy, do we need one!

I think we can all agree that Boohoo is now in the slow lane - or stuck in the stagnant pools away from the fast-flowing currents, if you prefer.

I've been looking for a half decent selling price to allow me to exit this miserable investment, but it never comes, so I keep reducing and reducing and reducing my expectations. I suppose eventually there'll be a meeting of my expectations with the market realities. It's a bit like trying to sell a house at an inflated asking price and having to reduce it and reduce it until finally someone snaps it up.

A rubbish, low-quality company, but some useful lessons learned.

Unfair and untrue. You see battles where there are none. Enjoy your weekend too, though.

People, especially underwater LTHs, expressing disappointment over POLX are not necessarily gloating over other people's losses or taking the p in any way... not at all, they are just concerned about their investment. To think otherwise is to have an overly defensive mindset. We're all in this together is my view.

Disappointed (but not surprised) that management have ducked out of facing any questioning on the Investor Meet Company site. They did a presentation on 12/04/23 for the 9 months ending 31/12/22, but not this year it seems. They really aren't treating us very well, are they?

They only got 7.2m shares off in the Placing, so that leaves a possible 4.1m shares available in the Retail Offer at 45p. It will be interesting to see how many of those get taken up. Assuming, for a moment, nobody subscribes in the Retail Offer (and why would they?), then management will have trashed the share price for the sake of raising a mere £3.25m.... an amount of capital which will take them precisely.... nowhere.

Perhaps you know Jprocter. Holders of POLX shares are not allowed to express any disappointment or concern on this chatboard. If they do, they'll be personally attacked by the "7" police, who only allow a rampy echo chamber to exist. And that's for a share which has dropped 85% in the past 12 months.

The market's not finished with punishing AGFX this morning. I can't believe what a pig's ear they've made of this placing. Such a bad idea in the first place.

Fine. Thank you. I've too many RNSs to read today...

Anyway, they can't win in my view. What they gain in honesty they lose in shamelessness.

Where?

They normally state the discount of the placing to the prevailing settled price over the previous few days... but they haven't done that this time. Wonder why? Could it be that a discount of 65% is so astonishingly large they'd rather not mention it? Maybe they should've gone bust, a la Saietta, rather than fleece investors for more cash.

A placing?? The last thing expected. We've been told how profitable and cash-generative AGFX is and the full year results, also released today, say the company has £18m in the bank as at 31/12/23. If that isn't enough to "spend on growth" then I'm seriously doubting AGFX's business model. Damn, I keep picking lemon companies.

A bizarre notification. They're basically saying half the BOD are no good and need replacing. (Almost) unheard of...

Hang in there SB, the average of my remaining shares is about £2.50! Love yr optimism Trickymatters, but averaging down is such a risky business...

Yesimabeliever, I quite agree that Darktrace has been subject to a smear campaign which does not reflect well on the LSE, but this has little to do with THG. It's obvious why Moulding would want to make the association (THG down 85% since IPO and Darktrace up 150% since IPO), but it stretches credibility in every way.

Many times he's said things along the lines of "we'll just keep our heads down and concentrate on operations and performance", but in reality he rarely sticks to that maxim. Hypocracy, disingenuity and ego - they follow Moulding wherever he goes.

Thanks for the update SB, your well-researched scepticism is always valuable on this board.

"The convertible bond holder has been busy collecting its quarterly interest as shares and selling at the same time as participating in the $12m fundraise." So, are they basically selling the shares they collect in lieu of interest? That's crazy! Do you happen to know the interest rate on these bonds?

"I have no idea where this will end up, although like others here I'm hoping for an exit at a decent price - but I have no confidence that is achievable given that would mean a price multiples of where we are today" Very much the same SB. I will never make a profit on RENX, overall. I was able to profitably sell tranches at 45p and 57p when we LTHs were presented with a 'get out of jail free' card earlier in the year, and so have substantially de-risked my holding here. However my remaining shares were all bought in the 200p's and 300p's, so i have no illusion that I'll get anything like my money back on those. The only question for me now is to what extent will my losses on these shares overwhelm the trading profits I've already banked. At least I can say RENX won't be my worst loss. Not anymore!

Moulding's comparison of THG with Darktrace is revealing. An AI driven cyber-security company versus an online retailer with white elephant called Ingenuity attached. Who is he kidding when he continues to insist that THG is some sort of tech pioneer? Nobody believes it anymore.

CEO stated in the update published on 30/01/24:

"We will share our plans for the business with investors following the publication of our full year results in April and after we have completed our strategic review".

Well, today's the last day of April and there are no results yet. Why the delay? Market hates being lied to.

They've RNS'd that full year results will be published next Wednesday 08/05/24.

Is anyone feeling optimistic about their publication or is it all nervous trepidation out there? Straight up, I'm in the latter camp. Although my view is that most of the pessimism is baked into the share price, the only realistic catalyst I can see - one that might finally resolve the future of this once great company (although not necessarily to the advantage of shareholders, and certainly not LTHs like myself) - is some sort of "corporate activity".

Interested to hear any opinions about what we'll see next week and the likely market reaction.

It's a good question because the recent trading update stated that while case volumes are up, size has reduced on average from £139k to £96k per case.

Share price taking daily punishment on the lack of news... it feels like the old days.