RE: Finishing up today29 Jul 2025 14:02
*I think Mouldy would be looking to take each part of this on the cheap and get off the LSE*
It is difficult to see this happening, unless he convinces the IIs to roll with him and they largely didn't, re Ingenuity. There is also Frasers to consider - do they want a large chunk of a private company, or their stake to be taken out for less than they paid? Unlikely. Besides, I've always had the impression that Moulding would love to stick 2 fingers up to the city by dramatically turning around the fortunes of the company - both in terms of its trajectory and of course the SP.
Also, the jury is still out on whether MM did the long suffering holders of THG a favour by demerging the cash drain that was ingenuity or whether he pulled off the steal of the century (or somewhere in the middle). Much of this is likely a question of perspective.
To me, THG seems like a company well positioned for a much brighter future. The market just hasn't quite woken up to that fact yet - or perhaps, like many here, 'it' doesn't trust MM. Time will tell which thesis wins out.