Member Info for Globex

"404 that’s not fully correct"

Actually everything I stated was fully correct. Look at what they say for overall H&N margins: "EBITDA margin of 19.5% (HY 2024: 16.9%), an increase of 260bps." Key part you've also missed is they've actually increased margin guidance, which is what matters most what with markets being forward looking: "EBITDA margin in the range of 18-19% (previously 17-18%)."

But as this isn't the Glanbia board, to bring it back on topic rather than this kind of tiresome nitpicking, you'd be better off asking yourself this question - how is that Glanbia are able to report overall numbers like this, but THG aren't?

Glanbia numbers are all moving in the right direction though - margins up, revenue up, EPS up, upped outlook, even announced a dividend increase.

It's a very well company, and compared to THG if anything highlights management failings here - proves the whey input cost excuse routinely wheeled out by Moulding is simply more misdirection.

This week we've really seen management lay down rock solid foundations for the next stage. Very early days and agree we are still well under the radar here but once it truly gets going and market realises what we have here, you can easily see how this becomes unstoppable.

It's a bit like saying you're working with Google email because the office are now using gmail.

Share count increasing all part of the game, SWC issues new shares routinely, will enable the substantial investors referred to RNS to be bought on board. Key thing is it being at a premium. Other key thing is CEO having big skin in the game, unlike so many of the other names out there his interests will be perfectly aligned with regular shareholders. Win win.

His age is a problem. This is not ageism or likening his job to playing for Arsenal - and this shouldn't really need saying - but the biological reality that he is now close to reaching average male life expectancy. With his golden share and exec chair position, market will reasonably be cautious about the uncertainty over what precisely happens when he keels over.

Usually PE approaches involve them making a straightforward cash offer for the plc.

It is telling this proposal is the opposite - it would make S4 the exit liquidity for PE.

PE does not miss a trick and will be well aware Sorrell has no cards to play his equity on the floor, weak balance sheet and being 80 years old.

This explains the subdued market reaction and very different from some the disgraceful ramping that took place here this weekend.

That's the crazy thing about this, gold is so much more compelling as investment vehicle than a web designer. Then you consider the company has rights to multiple gold mines, all in safe jurisdictions.

The fact they've indicated interest in South Korean assets in today's RNS is especially promising when market had written those off. Any cash realised there could be used directly to fund btc - meanwhile we still have the key Philippines mine with income being generated that will fund btc with zero overheads thanks to deal signed. Mines alone have a book value at double today's price. All this before we even consider the potential unlocked by btc treasury.

Countless aim horror stories out there but this one just might take the biscuit. Various directors here over the years are quite lucky to not be in handcuffs

Yes mate

"Given the much larger global capital pool that emanates from the U.S., the Company is also currently investigating the avenue of a simultaneous listing of the Company's shares on the US Nasdaq OTCQB."

https://www.lse.co.uk/rns/BMV/prospectus-drafting-commencement-target-16310m-ms1dc6ez51l17lt.html

Https://www.otcmarkets.com/stock/BMVLF/profile

This is definitely new - yet to activate but things are definitely moving here.

Great stuff, roll on Monday 👍

PHP offer has support of major shareholders of both companies and is recommended by Assura board. KKR have said their last offer was final - and that's been rejected by Assura. If KKR won't pay more, they are a dead end. This all makes the PHP/Assura merger as close to being a certainty as you can get.

You haven't spotted a grand conspiracy here, the "closed-door investor and strategy event" is referred to openly on their homepage and that's been the case since they moved to the new domain last week as I linked to at the time.

Inevitably when there's a news vacuum it will bring out the odd conspiracy theorist, but we already know they are targeting institutional / HNW investors based on sums mentioned. Likes of SWC only saw lifechanging gains through II cash, not retail investors, that's just how it works.

They haven't announced cut specifically. Annual report gives details of policy change - will be a "minimum of a 50% of Adjusted diluted EPS". So all depends on EPS. As I say though, one way or another can't see current yield lasting into next year.

When it lands size of this divi in relation to holdings a real reminder of that monster yield. Be surprised if that carries on through to next year but for now nice to have.

Down she goes, as expected.

Hopefully not too many listened to some of the posters on this board who have been posting same old stuff even when share price was multiples this. Proven utterly wrong, time and time again.

Funny you should say that as two biggest shareholders are overseas, Qatari sovereign fund and Czech Kretinsky, aka Royal Mail takeover man.

No harm in contacting them, good shout

The Catch 22 is Debs being majority holder but having their own cashflow problems. To the extent that until they release their own results showing otherwise, have to assume they cannot fund anywhere near to what is required here.

Debs can't play any games with their equity to fund this without say so of Ashley, who we know took a look at Revb and walked away, implying he'd not be willing to co-operate.