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?
The top non-Tom article this week is The ShareProphets Sunday Pub Quiz #113 by yours truly at number 3 or number 9 if you include the Bearcasts.It’s about time that the Sunday Pub Quiz got the respect that it deserved.
Mr Moulding is clearly feeling the pressure at THG (THG). The interview here is remarkable and no doubt Moulding feels it will assist the share price. For all sorts of reasons I conclude that what comes over is a quite enormous sell signal.
Apparently The Hut Group (THG) ‘is a British e-commerce company headquartered at Manchester Airport … operates over 100 international websites that takes brands direct to consumer through its proprietary e-commerce platform’. How wonderful but the last time I wrote about the stock (here) observed that it was ‘over-loved’. Kind of interesting then to see a big 43% fall in the share price year-to-date.