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Well i watched the video last night , IMO he used to be a bit of a maverick and would learn to temper things but after last night i think he is as Oxford describes. Although i was going to describe the behaviour with a bit more emotive language myself.

I rather expected to be back into the red this AM and as i am still in the blue i took more than half of them off the table, banking a nice enough profit. Not as nice as Monday of course, but someone posted about making sure you didn’t get too greedy and i have been so i took that advice a bit too late of course.

I still have a very decent holding so will still be hanging around..

GL to the Minnow ( I think we are going to need it)

Cheers for the update OKE

He hates P/E, it’s likely they want it to break it up and release value. It’s either MM with QIA or he does some sort of a deal with one of the divisions.

I think he will find a way , but unfortunately not at the price i would hope for.

Still holding though and a bit less bullish..!!

Really pleased they have moved out of those costly unprofitable territories, showing a move towards focused profitable growth.

Lost of very good stuff in this report.

I ike a lot if things that Vivek is getting done.

o PWC: A joint, fully managed ecommerce proposition whereby Ingenuity brings the ecommerce platform and operational capabilities whilst PWC brings market-leading transformation consulting expertise to design and deliver the customer experience with a focus on retail and consumer.

https://www.scsw.co.uk/issues/february-2023/thg-ecommerce-in-a-box-for-global-brands-shares-1-below-last-year-s-rejected-bid/

Article made free

Thats a major turnaround, after July last year they said something like , ‘We got this completely wrong and SOFTP is no longer applicable this should be valued on FCF.’

To move back to SOTP, means IMO, the deal last week has made a difference or they feel much more comfortable with whats coming tomorrow.

Very Very good news IMO

BIG change in 9 months or so..

They threw their toys out the path after the numbers weren’t broken down as expected, they have always been bullish on Ingenuity ..

Big upgrade IMO

Very good new.s

What we really need is a big ingenuity announcement tomorrow, that brings the original IPO rationale back into play..

I can dream a little..LOL

It puts an end to the ‘THG is a dog and MM is a Fool’ mantra..

very happy still

It wont go cheap, MM facilitated the deal that got QIA very large share purchase and he got quite a few himself ( Go MM) at 39p, IMO there will be big support from QIA, so if apollo try to get it cheap i foresee QIA getting involved.

IMO of course

Happy bunny here ..TGL shows the way first buy of 1 million pounds at 86 p he wants to tl least double that as a starting point IMO

MM chose to go public today and after his message about PE IMO we will see some fancy dancing tomorrow, he wants SOFTP to be resurrected by brokers IMO..

I am holding of course

DON look two posts above- you trolls make me laugh..

There was massive thread about the bit in the Mail on Sunday , there was a quote highlighted, about an approach.

IMO MM releasing this today, some fancy footwork tomorrow and as he ‘ranted’ PE are totally ruthless, so he will be fighting of value thats for sure.

Glad MM is leading the charge advised by TGL, don't fortet TGL both a million quids worth at 86p and change this has a lot further to go

IMO of course

GL to the minnows

MM’s ‘rant’ from the trade fair IMO was aimed at PE who will likely have been in touch, interesting times ahead..

It wasn’t kelso it was Librium , kelso quoted them. It was bit of a throway to give them wriggle room when they reduced the target from pounds to pennies.

If THG show that they have met Libruims concerns it will be them that bring SOFTP back into play, but I am not holding my breath.

They only did the massive downgrade after the July update.

All these changes and more without an active investor in sight...

TGL and MM are driving forward IMO

In October 2021 THgG launched a search for a Non Exec Chair, the resulted in TGL joining in March 2022, since then.

A takeover approach was discussed and rejected taking up over 6 weeks of management time from early May till mid June, rejected at 1.70 as materially undervaluing the company.

- Three directors have left the board and two appointed
- Vivek joined the company in June 22 taking over as CEO ingenuity
- D Sanders stepped into the role of CFO in Jan 2023 and JG became COO

- The business has been separated into 3 distinct legal entities and they have 10 months of accounts, behind them. That separation was commented on in Sept 2022, the splitting of the company led by Sanders.

- Strategic review undertaken so far a reduction of 2,000 jobs without a major redundancy programme, this followed by the announcement of on -demand closure with a further reduction of 180 jobs .

- There was a pivot on ingenuity from SME type customers to larger scale customers with more reliable and high quality earnings, the company seems to have retained world class clients during this process.

- Became a Global Partner with Autostore, initiating a pick and pay model, has developed its own bespoke software to run the auto store robots and subject to confirmation has gone Live in New Jersey full automated.
- Hs initiated partnerships that give speed and flexibility to customers particularly around the front end and has initiated a partnership to bring state of the art age verification software to ingenuity.
- has recently agreed a new partnership with Maximo and Matalan has gone live after 18 moths of work.

Nutrition has had plenty of activity, including expansion into Europe, new products being Launched into Asia and America, and Iceland frozen meals into UK and other counties where Iceland is active, it has been stated that other opportunities in markets outside of these are being sought.

Beauty has been the quietest , with MM highlighting ESPA and emphasising that THG has brand that are wholly owned and that THG creates and manufactures these products.

If we see greater transparency around the groups activities and accounting ( one of TGL main functions outlined when he joined the company), then that will be a great move forward from this time last year.

IMO the quantum and pace of change has been remarkable over the last 12 months , and regardless of Tuesday, IMO the company has created a fantastic platform to move forward from.

I bought some more on Thursday and i will remain invested for at least another 12 months as IMO the actions taken this year will bear significant fruit .

I am sure that i have missed many other actions that have been completed or initiated in the last 12 months

GL to the minnows.

In fact that likely drove the on-demand decision.

At the July update last year they had 1 months accounts, so they should have 10 months to now.