Member Info for 1pencil

If Clarkson was a shareholder we would have a line of tractors outside of Matts office ..

..lol

Couple of bits from that (old) Guardian article:

'S4 Capital’s deal with MediaMonks, which follows an auction process including WPP handled by Clarity Corporate Finance, includes a mix of cash and shares.'

'MediaMonks’ management is taking a 50% split of cash and shares, giving about a 20% shareholding in the enlarged group.'

'Sorrell has put £40m of his own cash into the new business and attracted £11m more from institutional investors. His backers include the investment firms Schroders, Miton Group and Lombard Odier, as well as the financier Lord Rothschild.'

That was my reading of it Cong but very happy to be proved wrong.

I tend to err on the side of caution as this is what normally happens in markets when faced with two possible outcomes.

For me to be 100% I would like to see a clear breakdown within the circular

OAC, agree, could indeed be the mechanism referred to.

Relations seem to be strengthening at least with UK

UK’s Starmer calls for ‘consistent, durable’ ties with China in Xi meeting

https://www.cnbc.com/2024/11/18/uks-starmer-calls-for-consistent-durable-ties-with-china-in-xi-meeting.html

Bought back a fair chunk of those sold higher up, business case just keeps getting better with the added possibility of a partner takeout.

If it can hold these levels has to be a contender for going back into FTSE100

https://www.stockchallenge.co.uk/ftse.php

Whole company is now valued at less than this, great reminder of past times.

Martin Sorrell beats WPP to £266m MediaMonks deal

https://www.theguardian.com/media/2018/jul/10/martin-sorrell-wpp-mediamonks-s4-capital

Its going to be a thumper of a document when it finally hits the door mat, needs to include full details of what Ingenuity is, how far along the road to profitability and such..

Very much looking forward to this as unsure of many factors, for example how many of the fulfilment centres have full or partial automation, whats left to do..

Its not in anyone's interest including those participating in the £95m raise for this to be under 49p, it means everyone's allocation is reduced proportionally, expecting a closing of the gap once an ex-ingenuity date is published or even before..

Might be an indication of interest starting to pick up sector wise:

https://www.cityam.com/kantar-private-equity-groups-circle-media-research-firm/

Didn't expect this bounce so nice surprise, happy with taking some off the table for now.

Its worth mentioning that from the US side there are no reported sellers, in fact WEUSX - Siit World Equity Ex-us Fund - Class A increased their holding as did Blackrock.

https://fintel.io/so/gb/brby/sei-institutional-investments-trust-siit-world-equity-ex-us-fund-class-a

Compare this to the Sports Direct warehouse photos, can you imagine what the savings would be for Mike Ashley's operation.

For anyone thinking Selkirk or any other company is going to pinch Ingenuity, the following video is a must watch.

AutoStore | Site Visit | The Hut Group

https://www.youtube.com/watch?v=uDew8dEOtVU

AutoStore | THG | John Gallemore, Head of Operations

https://www.youtube.com/watch?v=kJfScBI5AxU

Some good nuggets from a very curious journalist:

'One member of THG Ingenuity’s staff explained: “They can turn 500,000 sq ft of traditional warehousing space into a Rubik’s Cube of modern warehousing space.”

Another analyst added: “It’s a pick and dispatch that works almost without people.”

The results have been transformational with a 40% cut in labour costs, a reduction in distribution costs and an extension to the cut-off point for next day delivery – all of which can be offered to customers.

This has fuelled speculation that AutoStore could be about to strengthen its relationship with Ingenuity and the fact that AutoStore chose THG to host its latest Capital Markets Day last week will do nothing to dispel the rumours.

Earlier this year THG embarked on a cost-cutting exercise, announcing a raft of redundancies.

They’ve also had issues with customer retention but one Ingenuity source said things have improved as they’ve understood the market better.

“Ingenuity is capable of handling £14bn of sales,” said the insider. “It’s really starting to hit its straps. The sky’s the limit. Anyone could put their fulfilment through us.'

Has anyone been keeping tabs on the three contracts announced a while back, one of particular interest was Access Group which is basically a holding company similar to say Pentland Group.

https://accesscorporate.com/brands/

Pepsico was also intriguing as Ingenuity already counts Coca cola as one of its clients, thats the two largest soft drinks companies in the world.

Lastly, Holland and Barrett, in total adding £175 GMV to Ingenuity in 2024.

This is all highly relevant as shareholders will soon be asked to elect what to do.

You won’t have to wait too long before the changes start feeding through. Four companies that previously didn’t qualify for FTSE indices have already laid the groundwork to change their listing category – these are Coca-Cola Europacific Partners, Deliveroo, Oxford Nanopore Technologies and THG.

https://www.investcentre.co.uk/articles/uk-stock-market-could-get-new-look-2025

Have a look what happened to BRBY yesterday when a short squeeze ensues, not saying this will happen to Hutch but you never know, not dissimilar share structure.

Asset manager says China’s ‘extreme valuations’ look ideal for stock picking

Published Fri, Nov 15 20241:12 AM EST

https://www.cnbc.com/2024/11/15/why-exposure-to-chinese-equities-may-be-worth-the-risk.html

You wont be able to hold them in an ISA full stop, some brokers will hold the share certificate for you as a matter of convenience others will post it on.

The company cannot structure a demerger based on a handful of private investors tax affairs, that's just crazy, each individual is responsible for heir own tax not the company.

If everything pans out as I hope with Ingenuity then once it re-lists it may become ISA eligible, certainly not going to worry about it before its even made a profit.

404x post is spot on, its not a cash call and the toal amount is buttons.

I'll start looking through the Vanguard holdings ready for their Nov update in Dec, fairly confident its these guys having sold down due to S4 small cap status.

Hopeful too we may see some buying from the board, may take a day or two as volume so low.

Old story but may have some relevance today..

https://www.bbc.com/news/uk-england-derbyshire-63219482

From the limited photos, Shirebrook looks like a huge traditional warehouse stacked with shelves, the opposite of Autostore type installation.

These type of products lend themselves to automation as small, light and non perishable ideal for Autostore.

https://www.alamy.com/stock-photo/sports-direct-warehouse.html?sortBy=relevant