Member Info for Canary3

Thanks dp...I'm fine I can walk , talk and drive and i am getting near to 70...so all is good, the only downside is the memory and that I that i stopped drinking, but I rarely miss it now and save a quite a lot of cash so there is an upside to that as well!!

I bought below this price a while ago, 31.5 was the bottom and i got some at 32...that was when one of the big holders sold out, it was a forced sale and was bought by the Arab holder and MM..about 8% if i recall.

But a you can see my memory is knackered since my stroke and i can't recall the Arab holder nor the name of the seller they are a Japanese fund manager or similar, but i definitely got 32p its was 32.008 or similar.

The price right now is very poor ...

Gl to alll

Well it's all a bit disappointing, the run down on the SP has been nothing short of disastrous, i hope that its not bad news on the way, but to me it seems that someone or some organisation is picking up chunks every day.

Using AT trades to run the price down and picking up shares as people /organisations sell.

I bought yesterday and today in the hope that we see an upswing over the next 3 months...

All my other holdings have improved markedly over the last 6 or so months, so perhaps we will see the same here ( i am down more that a little)

Although with yer man now a shareholder I suspect his organisation is behind it all, if i am correct then money is to be made, if i am wrong then i can wave it all goodbye..

GL All

July 2005- 65.62

Nov 2007 - 406.00

Feb 2025 - 0.0375

It interesting looking at the price action - I keep it on my watch list for interest rather than investment. I seem to recall AB sold a bunch of shares to buy his daughter a house, he told us on a conference call at the time.

I held longer than i should have but thats investing life, i recall AB saying that we should keep our investment small, perhaps 0.1 percent of total investments , (thats my estimate) , rather than one investor who sold a number of rather boring Ftse companies to get involved, and was very upset when things went against him.

Gl to all holders

I see that the range has been expanded considerably this last few weeks or so, we went from 2 freezers originally and then went down to one a few months ago, and now three freezers at my Local Iceland.

There seems to be a new range of complete meals of Indian and Chinese.

One meal was entitled Chinese banquet and the other Indian Banquet. That was a Chicken , vegetables and rice or noodles in one Packet , they were 2 for £8.

As well as an American waffle and Salted Caramel cheesecakes. That i havent seen before.

Certainly upping the game.

IMO My protein will be worth a lot as a stand alone business, the investment in this area has been significant and we can see the results on the shelves in Iceland and many other shops as has been mentioned.

GL all.

I hold Polk and i read the boards and MR.Space view on executive shareholding is a correct view IMO, back in the day i was working in Irish banks and UK start ups in the financial services.

- Irish bank staff and staff life insurance companies got shares as part of their compensation and could also buy cheaply, they all held never sold, one chapIi worked with had a 4th kid and sold a significant part of his shares and built a large extension onto his house for the family...he now calls it the “ The Thank F...Extension" after the company went down the tubes in the financial fall- out over there.

-i also worked with Merrill Lynch and HSBC collaboration that was going to take over the world, the person whom i worked quite closely with was an American, the first time i met him he was referring to something called mother, i said who the F is mother and he replied Merrill Lynch, the American staff also held onto every share they were given/bought a reduced prices.

I said he was mad, Merrill lynch supported and advised the view that diversification was a must in investing, and he got very huffy with me ...he of course was lucky that Merrill was rescued after the fiasco of shutting down one of its competitors Leham Brothers, he only lost half his money and no doubt recovered it fully if he held on.

Executive holdings are not great indicator of business success ...IMO

I seem to remember that the ownership and financing of the business park was a major stumbling block in one of the deals, i think the one where the offer for ingenuity was more than the value of the company.

But that was before...who knows

Gall

I bought a few more a few minutes ago---not many of course!!

I would add to the mix of views, that a new player has come alive having launched last week, I am sure you know the name , i cant remember it at all but they seem to have a lot of firepower and known names.

Perhaps they have gatecrashed the discussions..

In demand..although dropping another role.

https://www.racingpost.com/news/britain/bha-appoints-candidate-of-outstanding-calibre-as-lord-charles-allen-is-confirmed-as-its-next-chair-aJe8w2R3Werp/

TGL buys again another 500k plus and above the cost of his last buy but below the cost of his first buy.

I have absolutely no doubt that he has been doing sterling work behind closed doors, and i sincerely hope he does very well out of these purchases after all it isn’t chump change.

I am still holding but i cant be bothered posting when we await further detail.

But that of course is only my view.

And undoubtedly I am in a very small band who believes TGL is doing great things, after all who knew that we would be de-merging and getting shares in both entities, certainly not me.

And i suspect he has been very active in getting that over the line.

Gl to all as always.

Thanks SScott1001..very helpful

KIm. Thats what i think, everything will become very much clearer and that will help IMO

Personally i think this is one of the key points that i had overlooked, the majority of the current salaries in THG will IMO be apportioned to THG new co.

It will be a very significant portion of the total salary bill as it stands at the moment, perhaps 70% or so and even taking into account some new recruits that will be needed, we will see a very significant downsize in costs in beauty and nutrition.

And i would also say it’s not just the salaries, it’s the HR around them , the recruitment costs, the relative difficulty of filling some roles , and so on. That admin is expensive and absolutely necessary to recruit and retain the right staff and the majority of those costs will ago with ingenuity..

Of course there will be a charge back for the services supplied, but we should see a healthy saving as the cost base becomes clearer.

On a different note we should also remember that MM will personally owns circa 30% of the shareholding in both companies , so will be delighted to see both sides of the business flourish and get realistic valuations.

I think we as minnows will be OK but as ever it remains to be seen.

GL to all

PS..Headline just appeared A Salmond has gone at 69...Tempus Fugit and all that Jazz

Thanks you for the replys very helpful.. O prime and OhHah

So it would seem that if we choose we can change our shares in Ingenuity for THG share in remain CO, at around 5 or 6 to one if i have understood it correctly.

But what if 500 million shares wish to give up ingenuity and collect THG shares, is there some mechanism that protects the Ingenuity holders and so, instead of getting 1 THG share for 5 or 6 ingenuity shares we get 1 THG share for 20, 30 or 50 shares in Ingenuity that we give up.

I think i have read that it is a flexible number on conversion as the number suggested is only on estimations of shares to be offered up.

Has anyone any views on how many shares in the new ingenuity will be put forward for conversion and how many holders will choose to keep shares in both.?

Personally i will wish to have all in the quoted company princaply because i am old, but it could be hugely disadvantaging to do so if so many wish to do the same thing.

Also if i were 10 years younger i would stay in both, ( i am 69) for interest.

Any thoughts or am i going off at a tangent.?

There are 1.5 billion shares approximately in THG, MM got a massive bonus in shares shortly after the firm listed when the share price spiked.

They were placed in trust where they remain today, he made them ordinary shares about 18 months ago , previously they held special rights over the company ( I think).

THG is always reported by financial houses without those shares, they are incorrect ( not that they give a f...)

Some time ago he bought a million pounds worth of shares at about 80p and gave them away to friends, the RNs around this made it very clear that while he bought them he did not own them.

So when it comes to a final sale or otherwise its 1.5 billion shares to be used in the calculation not the figure normally quoted.

When the last fund sold out at 40p MM took his holding up to just over 30% , as many as he could without triggering an offer for the rest of the company.

Mathew moulding holds around 30% of the shares in THG not 15%...

I have just seen one million was a negative but still...