Member Info for Globex

Best way to do it, and something you see well managed plcs do, is to issue shares to staff only after the company has bought them back.

That way everyone benefits as share count goes down. Problem is we come then back to performance and realistically the co needs decent FCF before a buyback feasible. So maybe answer is to halt any further gifts to staff at least until they're generating the FCF. Would be so totally reasonable and one small gesture of goodwill to long suffering shareholders which means it probably won't happen.

They should halt all stock based compensation - at the very least while the business is underperforming and share price is on its ar*se. The erosion of value to shareholders is gradual but just as damaging over time.

For context thought I'd check share count when floated - 970,646,554. Now, including chunky award to Mad a few years back, plus the annual gifts to everyone else, we're up to 1.32bn. That's even after slug taken out of circulation for demerger.

They would need Nice approval before being used by NHS, who would surely require a proper larger scale clinical trial before approving anything.

Instead of all that the company unfortunately made the decision to direct funds into other activities such as a large lab in the US, jabs for dogs or whatever that sideshow was about, etc - rather than making the effort with one of world's largest healthcare organisations that happened to be on their doorstep.

Totally agree Kong1 with that post, it's a right old mess what's happened here to shareholders, while the board doing very nicely indeed does not sit well, and certainly should be looked at by relevant regulators

Could happen if someone thinks the IP is deemed to have any value, but if that's the case that person might see it as cleaner to let it fall into full administration, then bid for any select bit they want after. Be easier to lowball when it's truly on its ar se.

Could potentially carry on trading either way - but maybe it wouldn't matter if there was a pause anyway. Let's be honest there isn't a great deal of trading happening on the incoming revenue side of things (as opposed to outgoings of which there are plenty).

In either type of administration the equity would be nuked which I suppose is all that matters as plc goes.

"value for which Ingenuity was ultimately spun off is in stark contrast to the glowing stories that management has communicated about this division in recent years"

A fund selling is one thing, but where they give their rationale for selling, for me the most significant part for me is the above. It's not often you get an II going this direct and this publicly in saying the story they were told by management did not match reality.

They will have had far better access than the average PI on here. If you run a plc, it doesn't get much worse than giving inaccurate information to investors. Another big strike for boardroom credibility, as if there weren't enough of those already.

Have to respect those views and outlining their reasons for selling. Directly referring the Ingenuity promises made by management not matching hard reality we've now seen is definitely shots fired at Moulding, given they will have held meetings face to face.

Https://www.countytimes.co.uk/news/24841259.wynnstay-driver-dies-incident-powys-depot/

What do you mean, if that's the case? I've quoted their stake from the annual report, not really debateable.

Some people will try and argue about anything.

Before today's RNS, last reported stake for employee trust was ~98m shares or 7.4%. That was as of March last year, per annual report. So looks like they've gone pretty heavy into Ingenuity. No prizes for guessing who had major sway in making that decision on their behalf 😜

Support wise, it has a history of comfortably falling past 200p, I'd say 110-120p range a firmer watermark, history of director buys at that level too which shored it up after last profit warning. Whether reaches that low ebb again depends on next update of course.

If things weren't already bad enough with cash runway of 5 weeks max, share price now dropping below the nominal leaves company in a even more sticky situation. Board had better start praying.

Just filter the user mapp, absolute nutter

In theory yes, but GBP/USD has been steadily falling since September so not a new development, and generally market very good at taking rates into account, like how fluctuations directly influence FTSE100. Diminished trust in S4 to deliver has resulted in market looking through these factors now.

To be honest external picture all round has looked good for a while now, S4's challenge has been more slipping on banana skins of their own making. Still, at least it's one less excuse for them to wheel out.

Now the Ingenuity smokescreen has been binned off it's really a different phase for the company, harder for management to blag it now it's distilled down to a simple model of selling tangible goods.

As much as Ingenuity was a millstone, perhaps being left with just a bog standard retailer is playing into sentiment. Market perhaps signalling a lack of faith in management to deliver, now they have nothing to hide behind. Next trading update will set the scene, let's see what they come up with.

Looking at the net assets vs market cap seems insiders are stealing it at this price. You'd think they could just finance against stock/property to pay down the debt due, as amount owed a fraction of the assets.

He couldn't have misread the situation more if he tried. As far as posters here, more like indifference than anger, clearly nobody posting left holding so not shareholders either, and as for the bullish part well enough said. Wrong on all 3 counts lol.

Would be quite fitting for the THG circus if real deal had joined us, sadly must be an imposter based on Ingenuity misspelling.

A good summary Truthfactory.

The last thing a true insider would do on any share would be to post material insider information onto a board like this, when those in know are repeatedly briefed there are very clear regulations against sharing or acting upon such information.

Regulations can be (and are) breached, but the idea someone would risk actively bragging about being about being an insider, while acting on that information, is actually quite laughable. Would feel sorry for him if he hadn't actively mislead anyone that bought in based on his misinformation.

As usual it's smoke and mirrors, let's see if we get a TR1 for FIC ShareCo.