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A bit over six months ago I observed that there were “so many reasons to keep on avoiding The Hut Group”, which we now know as THG (THG). Since I wrote then the shares have continued post IPO shocking performance and today sit at a circa one quid share price, having been over four quid back in October (and having had an original IPO price of 500p a year before that). So is there an opportunity to buy now or is the smartest view to keep on avoiding?
Shares in The Hut Group, THG plc (THG), listed at 500p in September 2020, then zoomed to 800p but now trade below 200p. Even so this business is still valued by the market at £2.2 billion.
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