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@common literally they have a (board) seat at the table! Ha
Also SoftBank are having a horrid time atm. Them doing a deal with some major US PE would be a great story for them atm and validation of their strategy on assets
Lots of this is so wrong
800p is not a price relevant to the takeover code. It depends on who bidders are
If SoftBank, sofina or merian are involved then price is 596p minimum. If they aren’t then price is whatever it takes to get 75% of the votes. So could be 50p if everyone agreed
800p is not a price based on anything within the code
Also poker it’s a listed business. They can’t “see the books” no one is allowed insider information. You can’t just have a look. No one can have any information that is material that the market doesn’t know
I think this all depends on what SoftBank want to do. They are the ones with a vision here for ingenuity and that is now plugged into so many of their portfolio businesses they can’t just let that run away
That’s not always the strategy. Tbh it’s not a favoured strategy
As a PE you’re not in the game of 4.9% of a stock and then having to dump at a loss
That’s more activist hedge funds. PE is either we are doing a deal at £x or not
I mean he charges £12k for an annual subscription. You decide how “out of work that” this
Kallu why you hate me? I never dig your stuff or bother you? If you don’t like us you can just not bother coming here
Try it?
I don’t know what you’re on about 800p
At 465p you have a world number 1 nutrition brand
A beauty business which is well placed for the shift to online with great beauty brands
And SoftBank were underwriting ingenuity
Also they had cash of £300m when I invested
So add that all together it was way over 465p.
Since market is less believing about SoftBank and whey protein prices have hit but will reverse
That help?
Kallu tell me how much and how long is it taking the business you work for to do it’s own e-commerce and data?
Tell me how much and how it would take to do that in Japan. Oh and how you’d deal with people in Japan who speak Japanese
You tapped out (again) at that so tell us please. When you can answer this youll see the value of the “marriage of tech and physical” (I’ve told you this 7 times now it’s not just tech it’s infrastructure too)
Hopefully when you try and answer this the penny drops
It’s a big ask but is it possible?
Let’s assume Softbank are in and want Ingenuity
Advent paid $700m for three great beauty brands and they want to build this out. They could achieve this through taking beauty
Also advent have great creds here as they owned Olaplex heading into its IPO
Advent can clearly rate the beauty division in line with what beauty assets are worth. 2x revenue given that a lot is reselling but still some great own brands?
SoftBank can value ingenuity as they originally did and take that
Leonard Green own beauty and consumer brands so could part own beauty or take nutrition. They have been long standing shareholders in pure gym
All this given each buyer values “a part” much more than a group you easily get to a deal where everyone is looking at it going “this is steal”
SoftBank will just sell their part of beauty and nutrition for more of ingenuity. Then advent and Leonard green have a small slice each but sign collab agreements to run their portfolio through ingenuity so SoftBank view on ingenuity accelerates massively
Easy!
They can’t do a deal at less and then sell ingenuity to SoftBank after
Thats just skirting the rule
If a spin of for an asset is agreed you’re in the concert and if that concert is over 30% then your last 12 month price