Member Info for Desertsands

Https://www.telegraph.co.uk/news/2024/12/15/the-man-who-busted-the-myth-of-fake-meat

“ He reserves his most strident criticism for lab-grown meat. For years, this has been hailed as a dietary magic bullet, which would retain all the pleasures of meat without the ethical and environmental drawbacks. Stringmann says they are a costly fantasy.

“There is no argument to pour more public funding into it,” he says. “Even the most optimistic assessments integrated into the analysis don’t see costs coming down to any competitive level, even with substantial investments, and with technologies that are not proven still. The industry wants you to believe it’s a game changer, to attract more money, but I think it really doesn’t deserve any attention.

“Rather than throwing more money at developing novel processed food products, it would be more beneficial to think about strategies to integrate those unprocessed foods. That requires a meal perspective, instead of a food perspective.”

Thought this might be of interest to at least some of us shareholders. Not the message I was hoping to read - was rather hoping he’d reach a more open conclusion but hey ho.

Https://www.cityam.com/investor-calls-for-johnson-matthey-to-explore-sale-after-shares-slump/

It’s been a while since I posted here -

Today’s RNS is For me, the most salient and positive one they have released all year.

Okay, so they withdrew guidance for 2024, but nobody expected them to meet their target on the updates that had been released prior to today. This now offer clarity as to why and a clear pathway forward seems to have been cleared. While abandoning guidances not traditionally helpful I do think in this situation it is the only realistic sensible and honest thing to do. if the SP takes a knock for this reason, I’m actually okay with that.

A new contract Win was seemingly elusive, but it’s finally here and with a notable customer. They will know within six months whether it will be renewed and a lot more realistic and scalable forecasting should be forthcoming as they go through the next financial year.

It takes seconds to lose trust and it takes years to build it back and only then if you’re lucky. When money is concerned, people tend to be less forgiving and let’s face it the corporate Arena is not built on Loyalty to the person, but rather to the bottom line.

Maybe, just maybe Mr. Kelly, you are starting to come good.

Https://www.telegraph.co.uk/money/pensions/mod-firefighter-35-years-pension-blunder-penniless/

Salient paras :

The pensions of 219 members of the Unite union are being corrected. Some members are in the process of being compensated by Capita after a Cabinet Office investigation found the firm liable for the errors.

The union believes up to £400,000 of compensation could be awarded, but has urged members to pursue further redress by contacting the Pensions Ombudsman.

Not helpful.

Looks like the battle has begun!

Mohsin Issa ( (Ex Asda) ploughs £10M into Applied Nutrition

https://www.telegraph.co.uk/business/2024/10/16/billionaire-mohsin-issa-backs-protein-asda-investment/

Now this IPO could shake things up a bit ( no pun intended).

KBYK - I get you! Thanks

Hi Oculus -

Over the years MM has rationalised his way through every investor call, bid rejection, justification for the catastrophic decline in SP …… you name it, he can explain it. The market doesn’t buy it though. In this case it’s a very sweeping statement and I just don’t think he can with any credibility give that assurance.

The question of personnel is bang on ….. and it starts with him at the top.

“……THG’s Board recently agreed to privatise Ingenuity, while also ensuring it was fully funded for life as a private company”…..

And they know it is fully funded FOR LIFE how? It’s a genuine question?

Anyone?

On a slightly different topic - anyone else wishing/hoping/praying that MM doesn’t insist on taking over the entire q&a this time around. I don’t know about anybody else, but I think it would do a lot to shift the dial on sentiment if MM didn’t just take over as always. It would be nice to have the illusion of it not being his petty fiefdom but being a listed company ….

I had the same until I reread the code ……

I typed in NEWABC1 and it is supposed to be NEWACB1 - which worked

So who’s in?

I’m getting a last available price of £1.00 on AJBell …… anyone else getting this?

Sinitta : “ Just cannot wait to see what next week brings.still not livened up around here 🙄”

Not sure this will move the dial - nothing new here, sadly.

Last year Stephen Kelly said break even by end of 2024 and world leader by 2025. We discussed on here that the market would view anything less as a failure ….. he’s running out of time.

Don’t agree with your previous statement that the analysts have called this wrong Pearls - the numbers don’t lie.

Https://www.theguardian.com/environment/2024/oct/08/cell-cultivated-lab-grown-meat-sold-uk-regulator

We’ve had this discussion previous …. It’s not new business - it’s a renewal. I don’t know of any other company that puts out an RNS for a renewal but I guess if you’ve got nothing else to report …..🤷 the company made a point a couple of years ago of saying they would only RNS major contract wins but they have had none of those to note of late.

We all hope for the best I just hope this is not the best they can do

So we have a temporary /interim CFO until they can find a permanent CFO.

You said If as you say, Pearls, the departure of Mr Maluza, was known beforehand do you not think they could be struggling to find someone to replace him on a permanent basis? Anyone available within a 3-6 month window is either not tier 1 or is being paid an eye watering sum of money well above the odds. Cirata need a miracle at this point …… and before anybody jumps on the ramping /de-ramping bandwagon, I am a holder And I have been willing to give them the benefit of the doubt up to now. Unfortunately, the hole is getting deeper and the numbers don’t lie. Sarata has an air of AIM market desperation about it now.

I must wholeheartedly disagree with you again Pearls ……. This RNS was in no way positive. It is firefighting. Corporate Whack a Mole …..

Outgoing CFO Only being in place for 18 months when trying to turn around a catastrophic decline in a company is hardly a ringing endorsement of either progress or potential.

Simply stating (again and again) that RNSs announcing deals will calm the markets is pointless. There have been no telling RNS releases regarding any deals of note for a long time; had there been, we wouldn’t be here now. If there were any in the pipeline they would have been highlighted by now.

Today is not a good day ……

Phildowie - AJBell will credit your account the dividend amount according to your holding and send you a secure message. Fret not - it will land. If you’ve held before it went ex divi ( which you have) you will be paid

You are not alone Bobbins2 …… I just looked in and saw 24% down at 130 and spat my tea out 🙄. Better tidy up!

ML missing from sunken yacht - he just cannot catch a break.

Https://www.morningstar.co.uk/uk/news/253260/initiating-coverage-of-iag-shares-undervalued.aspx