16 days ago
I do not short shares. I never have and never will but if I am sorely tempted to open a short on Matt Moulding’s THG (THG) at 31.6p, a £524 million market cap. I have always been a bear and so have called this stock as a sell from its 500p IPO in September 2020. Unlike the sell side analysts who kiss Matt Moulding’s posterior and have always done so I have always called this correctly.
56 days ago
The fundamental problem that Futura Medical (FUM) has always had is that its ED product Eroxxon does not seem to impress users at all and thus repeat orders are minimal and with high marketing costs to win new custom it has always been doomed. Calendar 20025 results out today are window dressed but appalling. The warnings about when the Fat Lady could be calling are explicit. This has a zero written all over it, as Lucian and I have been warning for years.
1528 days ago
I have been bearish on this for a while, unable to understand the valuation from the IPO. Shares in THG, The Hut Group as was, now trade at a new low of 95p. There are a couple of matters to discuss ahead of numbers on Thursday, notably a management departure and suggestions of late payments to suppliers. Is this window dressing as per Canadian Overseas Petroleum (COPL) and its December 31 cash number, or something worse?
2975 days ago
I asked the question yesterday whether the net debt figure claimed by Telit (TCM) as at 31 December was representative. If so why have so much expensive debt but also so much cash yielding bugger all. A reader helps - this is window dressing.
4348 days ago
The Real Man year-end is just five weeks away. We are a private company and so it makes not a blind bit of difference to us. Sure we have to fill in a few forms which we will do. But does it impact on our behaviour? Not in the slightest. How different life is at a PLC where what is termed "window dressing" takes place. What odd things it makes folks do.
