RE: Two great RNS’s!6 Apr 2023 11:02
My thoughts on today.
1. The fact that they chose to RNS is a very good sign. It was a farcical situation for a PLC where investors were resorting to guessing what is going on from MM's facial expressions on his Instagram feed.
2. The fact that the figures are on time is a positive (a delay would be negative, anything else must be a positive)
3. All this talk of Ingenuity being spun off is a given. Its not!!! MM wont relinquish control, willingly, on any part of the business.
4. A whale being landed is not happening. MM shot his mouth off too early before it was signed sealed and delivered (as he is prone to do)
5. Nevertheless, 150gmv pa is a great deal, Ingenuity is valued at zero!!!! (actually less than zero, was seen as a drain on the rest of the group)
6. As long as there are no nightmare's in the numbers, you'd expect there not to be, as the new IR team would be hinting at this by now, the shares should be above £1 in the v near future.
Its been a long time coming.
GLA