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So with all the staff shares every x mas, that would be a split then not long after at low ingen values issuing shares against ingen... Hopefully not.

Rock m8 pretty tasteless to turn this thread into another jive at MM, read it again and get some perspective on the OPs point

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@yorek was and will do the same but if you hear from HL if you don't mind can you post. Let's see how lazy i am to ask

Does it?

I thought staff was OpEx

@yes

PI can't be whole , you either choose 15% dilution or give away ingen for free. There is a sacrifice either way, or which ever step you stop at between the two.

I'm rolling in, I'm looking for shorter with remain and can wait on ingen, so I think similar to you.

One thing I'm. Expecting is that for only getting 15% back, so say if I had £50k worth of THG, 7.5k or even if I reduced it to 5k for ingen shares at similar percent ownership is more than worth the punt. Because no matter the trade you'll only get 49p for each THG share

Current rules mean you can't hold private in ISA, unless it changes in budget it's just not possible IMO, could be wrong . My understanding is they will just get moved into standard maybe, that part I'm not clear on

There is nothing to say you can get all ingen only. You may only get a portion, there will only be as many ingen shares going around that people don't want. You are also then in a massive pool, it will most likely just be like the placing, you put your desire in but then it's worked out

Ryan I'd assume if you want more ingen shares they will just have a way to equally split the pool, it's my understanding you can only trade THG shares so you would be capped at a specific number you can trade. Basically they will just have a mechanic to work out what's fair allotment.

So got this stuck in my head and I think I'm completely wrong but... Does that mean then

If the price of ingen is capped and they only trade shares, if it's say...

6 ingen shares are worth 1 THG shares now

So say you get 1 share at 49p for 6 ingen

If the price goes up to say 98p, you would I assume need to trade 12 ingen shares for 1 THG shares.

So if the price goes up now, it's not in the interest of those that want to switch from ingen to THG, but is for those that want to trade from THG to ingen.

However there is a failsafe so if price drops, you can never get more than 6:1. Protecting those that want ingen shares.

I'm probably completely wrong esp on the how many share ratio increases per THG SP increase...and generally what I said, evening ramblings.

Thanks for taking the time to reply 1 pencil, I had assumed that simply those that own ingen would be the current shareholders as thought they said we would retain a proportionate share. We await further info I guess.

Just read a bit again and can see it looks like anyone can request more ingen shares not just a set group re my earlier comment

@ Poker thanks, appreciate the replies

@yes he would have to be one of the 10 set up in advance to take ingen shares of those that don't want them then. Unless we all can opt for more ingen, can't remember that part.

@ poker, so raising money against THG now was the only option that could ever have occurred to achieve this?

@yes very similar to my thoughts

@ poker yes good point

However would Fraser have known that it was going to raised against THG shares? Also that any raise was going to even occur. Is this what always was going to happen, I had imagined that anything raised would have been done as part of demerger and against ingen, not the entire group.

1 pencil.

Do you mind running through what you mean about THG still owning 75% , maybe my brain is t working this morning and I can't get my head around it. Do you mean just the usual 65% + the staff shares?

Been thinking, I didn't listen to him yesterday but people said he said something along lines that there won't be any dilution in THG shares because on demerger some get cancelled. I again don't quite understand that, but surely then if 15% shares were raised, then a reduction of around 15% is needed so that means ingen would be moved at a ratio of around 6.6 THG shares to 1 ingen shares. I feel like I'm being really stupid though...

My view is that Ingen is as low as it is, because otherwise they simply couldn't have done the share trade for THG shares at a good ratio to suit them or at all.

What I would have preferred to see is straight up getting ingen shares and then you can choose to sell them, or exchange for THG shares... With ingen being valued at the supposed 60p, or even 40p followed by a raise of 100mil then, with dilution occuring on ingen shares equating to 20% on that.

THG main shares should not have been played with to raise money esp at lows.

What I also don't like is those that just picked up 100mil shares without it affecting the SP. We all know Fraser's would have bought no matter what they have been gifted a SP they would never have got if they bought 10mil on open market.

It's pure rubbish, posts are getting deleted because the mods are all over this forum today and because the usual people flag everything. The mods are always heavy handed when they get rid of stuff, it's simple as that.

Ehe that is quite funny, what did they say? That everyone on this board is amazingly graceful and beautiful with a mind like Dr Hannibal?

No way is it going to be 1:1 I'd imagine maybe 5:1 just a guess