Member Info for Globex

That's value not just for Boots but for whole group including US chain Walgreens.

Has to be a positive chair buying in. Schroders putting out some decent numbers today too also could indicate sector finally seeing start of a recovery. If European equities continue their momentum despite (or because of) US turmoil that too a benefit for Jup.

Salary? Could make it back quite quickly at board level, especially when you and your pal are the ones setting pay.

Hopefully nobody paid any attention to the shameless ramping by roughandtumble and put money into this.

I did warn there was something very amiss here a year ago.

Good points Nelson, especially practical issue of if and how they plan to exit the non-listed shares. Even the listed ones mostly in highly illiquid companies.

Can't really see what's in it for Cooke. If he knows of decent financial companies to invest in, why put money into repurposing Vela as the vehicle to do it, rather than going it alone and owning 100% of what he invests? The plc will just be a big drain on costs and come with all that accountability.

Imo either he thinks he can rinse funding from shareholders via salaries and placings with tales of future jam tomorrow, or he's just a nice guy and has fallen for a the sunk cost fallacy. Latter certainly possible, given he invested in Vela with a share price many multiples higher than today, we're clearly not talking Warren Buffett level here.

Don't fret, according to this article's take our dear leader has declared joy on this news https://businesscloud.co.uk/news/mouldings-joy-at-thgs-ftse-250-listing/

Everyone should be grateful.

My post was only about market cap - in response to claim of it being £500k. Market cap is based only on share price and number of shares in issue. Not really possible to argue or disagree about a market cap as it's a fixed metric.

What someone values the underlying assets at is something quite different.

The back slapping does seem a bit premature now. At this rate they're going to need a new jam tomorrow date. Sense jam status goalpost shifting to formal inclusion date later in month. After that new jam will be needed.

Rare proof of life from Allen there, at least we know he's not padlocked into a storage cupboard at THG hq.

In all seriousness Balfour Beatty is a proper multi bill company, how can he possibly find the time to chair that as well this totally unrelated and much smaller madcap enterprise? No wonder we don't hear from him. This'll just be like a side gig paper round to him.

More than about right, that's the exact post placing share count.

For putting money I'd consider how they will continue to fund it as going concern beyond say 12-18 months given costs of running a plc, while also funding investments where they expect to make a return. Could only really be future shareholder dilution. Just like nearly every other aim shtco really tbh.

Way I see it is that with so little control over whey pricing they just need to constantly price dynamically to maintain margins. If whey goes up adjust price accordingly even if it'll mean reduced volumes. None of this supporting customers b*llocks. Those lessons should have been learned in 2022, there's minimal customer loyalty in this trade.

CFO leaving after less than 18 months. Chosen now to retire age 57 when critical full year results due soon, and now likely to be in audit stage. Can't be good. Might even say it looks terminal.

Strong results today so on one hand potentially indicating green shoots for UK asset/wealth management generally.

On the other I notice maybe tellingly they won that £5bn SJP mandate from Impax, and they're not seeing overall outflows. Makes me wonder if what we're really seeing is a kind of bifurcation where the big players will continue to benefit from scale, especially in fund management with relatively fixed cost base, leaving the little guys struggling.

Yes risk of going too far in other direction with the absolute love in and adulation for a poster here. Strange how we need to build up these heroes and villains.

Market cap of £500k isn't quite correct as that doesn't take into account the placing shares hitting the market.

Share count is increasing to 62,970,695,255. Share price of 0.0025p would make it £1.57m.

Good news for the company and maybe good news for the board too when it means that debate can finally be put to bed.

btw amongst all the board tussles let's not rush to give Moulding any credit for this. Never forget he first promised (what was then called) a premium listing that would have given FTSE indexation back in 2022. The fact it took so long and was so borderline is entirely down to management.

Here's the press release

https://www.lseg.com/en/media-centre/press-releases/ftse-russell/2025/ftse-uk-index-series-review-march-2025

They might not care about Ingenuity but due to the contracts any buyer would still be stuck with it.

This is when you start to realise it's by design. Ingenuity might be legally separated but it's still a poison pill keeping rest of group under control.

If the company are paying you for this take shouldn't you be disclosing that?

Nobody here is plotting S4's demise. Let's save the conspiracies for another board. This isn't a football match where we have to take sides.

You can believe there is potential in the underlying assets at this bombed out valuation, while also raising reasonable questions around the quality of management that got it to this position, given they've overseen what is by any measure a high level of shareholder value destruction.