Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
STAR - I have to say I absolutely couldn’t agree more.
It makes you wonder how these execs actually got their jobs in the first place, you would actually had to have put in a lot of effort to manage the company so badly!!!
My best hope is that once D4E is concluded there will be controlled closing from the shorts, if PFC has liquidity and can trade through no benefit to them holding positions and paying the interest.
This may be a catalyst for some buying and see a higher more stable SP whilst new contracts are started (assuming performance guarantees are met).
If PFC can restructure it’s a long hold but there is a chance of a recovery.
Let’s hope.
MPs backed the Offshore Petroleum Licensing Bill at second reading by 293 votes to 211, majority 82. A Government bid to maximise North Sea oil and gas production has cleared its first Commons test, amid Tory criticism and warnings of “sleepless nights” over the proposals.
Not sure if this will help:
https://www.brecorder.com/news/40281654
MANC - I think it sounds like a bit of a disaster. It’s further example of how MM is off on another tangent, actually worse than that.
Often when CEO’s run out of steam and can’t grow their primary business they diversify, believing the next thing will ‘do it’.
This leads to a confused strategy, poor focus and potentially further loss making ventures.
Moulding needs to go immediately, and I do mean immediately.
He is diluting the core businesses and, clearly by the last update, has no real strategy.
On one hand I understand that the business just wants to focus on its plan and not make any knee jerk reactions to market movements.
BUT it’s just unacceptable to say ‘focus on the growth of the business’ when it’s actually not growing, in fact last trading update it is in reverse in terms of group revenues YOY.
Not only that, EVERY company listed down to an SME will incorporate strategy as pillars to deliver the growth.
Just wishing for growth without a plan in a fools errand, especially in tough market conditions which means a company should probably focus on more strategy not zero!
The divisional directors are not delivering, MM is not delivering and a shake up is needed.
The Turing point will be if Nutrition shows no growth pr losses some market share in conning updates, then I think calling time on the board must happen (I personally think it needs to happen now).
Vivtech or whatever his name is should be ashamed of the results for Ingenuity, growth?! It’s had a huge reversal in revenues - in most normal boards he would be replaced for such a dismal performance.
MM has stated the business is not for sale so how long will PI’s have to hang on until the SOTP is realised?
Beauty is under huge market share and margin pressure, Ingenuity has got no traction and cost 100’s of millions a white elephant of gigantic proportion.
Even Zuckerberg admitted that the Metaverse was not delivering and abruptly slashed CAPEX, Ingenuity may well be a good system but most likely internally for THG use to help drive efficiencies across the other two divisions, clearly they are struggling to sell it to punters.
Sell beauty
Retire Ingenuity for THG use only
Use savings and money raised to grow nutrition, pay off all debt, announce a share buyback and perhaps an acquisition or two.
All the value sits with nutrition, so that should be the focus IMHO.
I think logic now suggests that THG has limited organic growth options, especially under MM.
With 7 out of 8 updates resulting in huge share drops and with his ‘loose cannon’ approach to running a listed business the only option for value Noel’s resides with some sort of shareholder or corporte action or capital event.
Trouble is THG would be entering a capital event in a weak position, both as a company but with current Macro’s.
My sense here is that many have lost the optimism there once was for this share albeit holding for the outside chance of something giving in the next few months or even years.
The calls for a board clear out have never been so loud from this BB and something significant MUST happen soon or the share will drift at these levels or lower for a long time.
GLA and SOS !
Like a few/many us MM is a gambler who is chasing his investment in Ingenuity.
Time to wake up and smell the protein shake mate, imagine if £600m had gone into building protein or even beauty, we would not be languishing where we are today.
Hopefully another bid is around the corner and this time I am not wavering to get out.
SOLID - Been a shareholder for 2 years now so have followed all the updates closely.
I am not swayed by the markets, at one point last year I was £100k down on paper so not a swing trader.
Of course I know THG exited loss making businesses, quite rightly.
My post is simply to state the obvious, MM has directed the markets clearly that H1 and H2 are ahead this year - get all that BUT confidence has been eroded with respect on multiple occasions, the worst being MM gave guidance 6 weeks out on sales and missed the number by a country mile on the trading update, have you been asleep for the last 2 years?
Anyway, let’s see Thursday, I will be very interested in the Beauty update given the RNS that it it now focussed on profitability (code for sales will be down) but I would rather see profit and a decline in revenue than buying business at a loss.
I suspect that traders are cautious of buying into results given MM’s absolute failure to deliver on what, the last 5 ?
Buyers are sitting tight and not extending risk, a few PI’s are selling on low volumes added to some algo activity and we get what we are getting.
IF he could deliver at least to guidance (hopefully above) with a positive forward statement then some confidence will be restored.