Member Info for Globex

Worth noting next Jurassic not due for release until the company's next financial year, from June onwards. In the meantime zero releases on calendar, so current financial year performance entirely dependent on titles already out there. On that front Planet Coaster now fully outside of top 100 on Steam.

Trying to get to the bottom of where we're up to with what he's bought/sold brought up below blast from the past. Very old news yes, but with hindsight the clues have been there since beginning when he dumped shares at 500p - after briefing media he wouldn't.

Considering where we're at and price he achieved then now can only laugh at the absolute brass neck.

https://www.proactiveinvestors.co.uk/companies/news/929254/the-hut-group-founder-matthew-moulding-sits-comfortably-on-his-25-stake-after-explosive-london-ipo-929254.html

Moulding also owns shares via FIC ShareCo Ltd, that's separate from those in his personal name per disclosure today. Fck knows what his overall stake is now tbh - but unless I am mistaken it will still be more than 10% when totting up everything including his tax haven registered subsidiary.

Ideally RemainCo would ditch Ingenuity altogether once contract's up and move to more widely used platform like Shopify and take logistics fully inhouse with a proper arm's length deal with an independent landlord at competitive market rates. Move the whole shebang away from Manchester airport.

Would be fitting karma to leave MM a massive vacancy headache for his offshore enterprise. Unfortunately you then look at those who are in a position to make decisions over this and realise that scenario is sadly a fantasy. But from the point of view of non-vested interests would immediately kill off the very reasonable wariness over the major conflict of interest.

StayLong always likes to claim he's on the inside but if you look at the substance of what he's saying and when he said it, it's clear he's just a fantasist.

They haven't made any firm commitment to a matched bargain facility so can't assume they'll put that in place. Better to judge the company on actions only, and way management have treated shareholders since they took it over.

Agree with those saying current equity is likely toast. Look at the cash burn vs revenue and key question of how are they going to continue to fund the charade.

Key clue is wording around takeover code within delist RNS. They are emphasizing that normal rules won't apply because of jurisdiction. This goes beyond just going private (and that consequent lack of shareholder protection vs a plc which is bad enough) - they will have freedom to nuke the equity without UK company law getting in the way.

If you want to own shares in a private company you won't be able trade that has uncertainty over its ability to continue as a going concern, fill your boots.

As a flip suggest there's no rush, anyone buying half an hour ago already down a third. There is currently a big race to exit underway.

This is karma for rampers like StayLong and Harley64

I don't buy the macro argument either. Some people make mistake of reading RNSs unquestioningly and take what is said at face value, but externalities paint a different picture.

US GDP continues to outpace rest of world, no evidence that higher interest rates have harmed US equities. Larger peers continue to grow and win blockbuster contracts. Share prices tell their own story. WPP up by about 12% this year, Publicis +22%. Even Omnicrom whose merger the market don't approve of ended up largely flat. Meanwhile S4 is -35%.

From 2021 peak we're now looking at a 95% drop. I do think S4 represents deep value at this level and with the right team/strategy in place can recover - but anyone believing its specific challenges are all macro related is delusional.

Here's hoping his upcoming 80th birthday in the new brings with it the realisation a succession plan needs to be announced, and ideally actioned - pronto. Someone to truly get a grip on operations and unlock the clear potential here.

Best of both worlds, company could begin a new chapter and much needed strategy refresh, while leaving old Sorrell for plenty more free time for doing interviews/podcasts all day long to his heart's content (I realise he's doing that anyway but you know what I mean).

They say even with the £1m they'll need funding by early Q1 2025, implies cash will only last until a date between 1st Jan or mid-Feb at latest.

Practically speaking they have a problem with shares having a 1p nominal value, they can't raise below this price. I sense any potential funder will be wanting a hefty discount before even looking at it, that's if they exist at all. To offer at a discount they'd need to consolidate first which would require a GM which requires a notice period. All very late in the day.

To sum it up chief clown gone but circus continues.

Tribe performing as expected for for a Vela share, shedding half its value in one day. Need a way to inverse these guys.

What would really cap it all now to round off the year would be Moulding treating us to some Dubai-based Instagram holiday snaps

Maybe he took a look at the present state of operations and decided being publicly associated with the company would be career suicide?

"- One of Britain's richest men known for Madeleine McCann search buys £37m stake in THG"

Be good if he could direct some of that experience into a search for the Chairman

Bit of a clanger to announce a raise in advance like this, gives anyone left holding the signal they could buy back lower. That's if they are able to find enough mugs mad enough to take part, with only 2 weeks until Q1. If not, game over. This is why proper companies only announce them after they're done and dusted. Burrows gone but inept management continues.

"On behalf of the Board, I would like to thank Jon for his contribution to the Company over the last four years. In that time, the share price has fallen by 98%. Well done Jon."

Lack of media coverage will just reflect its reduced size now. Couple of years ago it was easily FTSE100 size (and could have formally qualified if Mad hadn't dithered for so long but that's another story), now though well and truly in the bottom rung equivalent of the FTSE250. Few hundred plcs bigger than it of more interest to investors.

In a similar way to how there are car crash examples of governance/management missteps all over Aim, but they don't get written about as nobody cares the tiddlers.

It's no secret that they supply OEMs, this would just imply GM have potentially sent a quality control guy over to them, which makes sense given the long term problems with their manufacturing, which customers must be a bit fed up with.

A novel way to boost the share price at least