Member Info for Desertsands

Overall, this is not good enough. There may have been ‘improvements’ but a 330% YoY uplift to 3m is nothing to write home about. Cash burn may have dropped but for what the company is bring in it is still totally disproportionate.

Struggling in North America which has been self evident for the last few years.

If this is the best quarter since 2019 then I’m amazed they are still in business. Technology moves in apace and playing catch up wins no prizes.

I am a holder and would like nothing more than for this to succeed.

Down 6+% ….. clearly not everyone is as enthusiastic

Https://www.theregister.com/2025/04/11/southern_water_uses_capitas_ai/

This used to be the most congenial bb on LSE. Such a shame to see it has gone the way of so many other boards, full of sniping and overall pointless posts that take aim between a few posters that spoil it for everyone else.

Head over to ADVFN if you you can’t help yourselves …..

I genuinely thought it would improve over the last few months but it’s just got worse.

Come on guys & gals -

Https://www.londonstockexchange.com/news-article/CRTA/annual-report-notice-of-agm/16978599

I’m still wading through the results - there’s a lot to digest here so market sentiment may not be apparent on the bell.

Has anyone sold out of their Ingenuity shares yet?

I lost all faith in MM (admittedly it was hanging by a thread - and a very slim one at that) when it became paramount that the exorbitant year on year Capex costs being put through THG prior to demerger were on prepping Ingenuity for separation. Some commented that it was clever accounting but I think most analysts and a lot of posters on here really took it for what it was which was a disingenuous way to fund his baby. Ingenuity was always spoken of as a completed entity and an offering on its own merits. I think his credibility was shot even further by this and I’m not sure he will ever be viewed as a reliable and trustworthy CEO. Then he bought Kong! Unbelievable!

The days of £1.70 bids are long behind us particularly as Ingenuity has been demerged. Like others on here I am underwater - being a THG shareholder is exhausting; MM may have played a very clever hand this time round but he still treats it as his own petty fiefdom and I for one would love to see somebody else take the reins and really bring it on and make the decisions in the best interests of the shareholders that MM is not prepared to make.

Hello Pearls - it’s been a while since we interacted here. I see you banging the drum for THG now.

You suspect the company is self funding yet rightly point to the headcount, costs and cash burn which far exceed the business generated. Not sure how you

reach the self funding conclusion. All that’s happening is outgoings are far outweighing incomings - having the funds to cover at present isn’t self funding; it’s depleting the coffers.

I’m not sure how long SK will be given - sp down just under 13% today as I type. I think it is only to be expected that the next RNS won’t have what is required to steady the ship. After all, new business has not been announced and I think it is safe to say is not there otherwise we would have been informed. If they release an R.N. S for a $50,000 deal, they’re going to release one for just about anything.

I can’t agree with you that nobody knew the mess WANDisco was left in - it was chronicalled and hammered home. Technology moves so fast nowadays that what they had two years ago is now quite possibly run of the mill and available from ‘Amazon with next day delivery’ if you will allow for the analogy.

No one wants to see this fail. Identifying how to breathe life back into it is the multimillion dollar question. And time is running out as the available funds are diminishing daily.

Https://www.proactiveinvestors.co.uk/companies/news/1067655/iag-can-do-it-all-again-says-bullish-investment-bank-as-it-raises-its-price-target-1067655.html

It takes a generation to change a mindset - it’s not an overnight process.

Lab-grown food could be sold in UK within two years https://www.bbc.com/news/articles/c2ern1zjkvyo

Let’s just see what happens after the investor call this AM - that’s usually a catalyst for additional movement in the sp. So far it’s a little underwhelming, perhaps surprisingly so, as the results are good by any metric.

There is a lot to digest in the numbers - see where we are closer to close.

Summary

• Revenue growth of 9.0% driven by our market-leading network, strong brands and operational focus

• Operating profit before exceptional items increased by 26.7% to €4,443 million (2023: €3,507 million) as we continue to execute

our transformation programme

• Structural improvements delivering a world-class operating margin before exceptional items of 13.8% (2023: 11.9%)

• Free cash flow of €3,556 million, after investing €2,816 million into the business

• Return on invested capital of 17.3%, as a result of disciplined capital allocation

• Delivering sustainable value creation for our shareholders

• Adjusted earnings per share growth of 12.3%

• Proposing a final dividend of €0.06 per share, taking full year 2024 dividend to €0.09 per share

• €350 million share buyback announced in November 2024

• Intention to return up to a further €1 billion of excess capital in up to 12 months

Executing on our strategy and our transformation programme

Our strategic initiatives are strengthening our market-leading network, brands and operations:

• Improving operational efficiency: 12.3 ppts improvement in On Time Performance at British Airways and 6.9 ppts at Aer Lingus.

Iberia and Vueling remain two of the world's most punctual airlines

• British Airways benefitting from its £7 billion transformation programme, with operating profit of £2,048 million (2023: £1,344

million) and a 14.2% margin, making good progress towards its 15% medium-term ambition

• €1,427 million operating profit before exceptional items achieved by our Spanish businesses, already close to our €1.5 billion

ambition

• Capital-light earnings growth from IAG Loyalty: operating profit growth of 14.4% to £420 million at a 17.3% margin

• Benefitting from longer term employee agreements that align to improvements in financial and operational performance

• Sustainability: 1.9% SAF used in total in 2024; on track for the required 2% mandate for 2025

Disciplined capital allocation

• Increasingly strong balance sheet, with net debt to EBITDA before exceptional items at 1.1x (2023: 1.7x)

• Targeting to strengthen the balance sheet further by reducing gross leverage over time (31 December 2024: 2.5x)

• €577 million debt repurchase executed in January 2025

• Two thirds of 2025 aircraft deliveries planned to be unencumbered

• Prioritising an ordinary dividend which is sustainable through the cycle

• Targeting to distribute excess cash when net leverage is below 1.2x to 1.5x, with consideration to the outlook and depending on

future capital requirements and commitments, including M&A opportunities

Outlook

• Confident to deliver world-class margins and returns

• Strong customer demand continues

• Non-fuel unit cost trends similar to 2024 (excluding adverse FX impact)

• Significant free cash flow whilst investing in the business

• Sustainable ordinary dividend in place

• Excess capita

It’s been a while since I’ve posted on here. To be frank there hasn’t been a lot to say as I think the SP is probably at the right level for the business that is being conducted, much as I hate to say it.

The next update cannot just be more jam tomorrow. One new $50,000 contract - it’s embarrassing. I’m fully behind Hastings on that one. I don’t think SK did himself any favours when he came out previously and said Cirata would be a world leading business in four years. He is fast running out of time because this will not be allowed to go on indefinitely . In all honesty, I would rather hope for a buyout now from some group who can throw the cash and reset the clock but what would they be buying ? Things move so fast that today’s technology is obsolete tomorrow and I can’t believe SK and Co have the funds to continually develop the products let alone bring them to market.

Https://www.londonstockexchange.com/news-article/JMAT/director-pdmr-shareholding-replacement/16899075

Massive buy in!

Looks good on paper - now let’s see them execute.

Something’s got to give and for too long that something has been the share price.

At least the BOD are detailing the path they are taking rather than just saying ‘we are aware of investor concern and can assure of progress’.

Let’s see where we go from here.

Supposed to be titled This is not good! Hey ho

In theory this should be a cracking little business …… yet here we are.

It’s been a while since I last posted - was rather hoping for an upswing. Oh well … back to the day job.

Https://www.afr.com/technology/high-profile-lab-grown-meat-start-up-makes-staff-redundant-20250114-p5l437

Https://www.theguardian.com/commentisfree/2025/jan/04/lab-grown-meat-britain-eu-us