Member Info for Globex

I'd echo what most have said, truly way past time for him to go. He was lucky to even have that role. As his first (and conceivably last) time as full time CEO of a plc it really showed.

It was painfully clear how out of his depth he was dealing with public markets, without even having the technology/operations background to make up for it.

It was a superb trading share around that time. I recall it was possible to foresee Jupiter/Chrysalis fully exiting through the RNSs, sure enough once they' d finished it retraced quite spectacularly.

tbh I sold pre-suspension. Could have made more if I'd held through it, but would have broken a golden rule so no regrets, especially considering opportunity cost and how at time it wasn't clear it would emerge solvent the other side.

In the weeks leading up to suspension, after a few car crash RNSs I do remember this dropping below 8p, only mention as I remember trading it around that time. So it could be worse I guess?

To be honest at the beginning of the year I'd have settled for the US govt not regulating miners out of existence, so positive noises around btc being this far up the US political agenda now is all gravy to me.

Moulding owns the freeholds for the two hotels and health club - THG pay him rent for them.

So the company don't have any assets that could be realised from them. They are a liability in every sense.

The hotels are a bit of a scandal because the company is paying for their upkeep / refurbishment. The Great John Street one has had a massive scheme of works at company's expense and has not opened to the public in 4 years.

Fair play Ascential have really demonstrated how it's done. After selling off one division for $850m and returning all that to shareholders, then they get a bid for the rump still at a whopping premium.

In their case it the separation might have been made easier by their two main divisions being so different, events vs digital marketing, maybe naturally suited them being apart.

With THG, nutrition and beauty would be fine as standalones, the trickier thing is dealing with Ingenuity. It's a kind of parasite at the heart of everything, tough to carve out. Any theoretical acquirer of beauty/nutrition would likely want to use their own or a more universal backend, to a) save costs b) save hassle of integrating what is not a widely used platform. As we know, without nutrition/beauty propping it up, Ingenuity would not be viable.

I'm sure this is absolute hopium but one theory doing the rounds is Trump could announce plans to make btc a kind of federal reserve asset at that upcoming btc conference.

In all likelihood bs, for one thing retrace today suggests otherwise. Then again you never quite know with Trump? If we got any kind of signal in that direction, imagine the price action.

As usual this CEO's puffery needs heavy degree of scrutiny.

Re dilution - he doesn't seem to mind it for the share options they dish out every year.

Last 6 months alone they issued over 500,000. All told 1.7m+ share options they're up to now - equivalent to more than 10% of shares in issue.

Follow up to my post - end meant to say they *may have* been lobbied by managers (that part is my speculation)

Fwiw LSEG have this guidance:

https://www.lseg.com/en/insights/ftse-russell/which-uk-shares-will-the-ftse-100-include-in-future

"What about companies with a standard listing? In time, some of these companies may join the FTSE UK Index Series if they decide to transition to the new Equity Shares (Commercial Companies) category. Initially, however, companies with a standard listing will join a new “transition category” under the post-July listing regime."

It appears the transition category is only for current standard category stocks, so new IPOs even with dual share classes will automatically join the indexes. Seems like a formality for standard stocks to make move.

The delay seems to be down to difference between the two organisations, while FCA decide rules, LSEG control the indexes - and it seems latter decided on more phased approach. they latter were lobbied by managers to enable positions to be built etc, rather than the alternative of an overnight change.

Ha nothing would surprise me about US politics any more. Trump definitely is unpredictable. Remember during his first term he'd put out some tweet about tariffs and s&p500 would immediately drop like 2.5%.

This time around though the pro btc stance appears to be a real gift, as long as he sticks with it, which i think is likely has he's been lobbied by industry with big $$$. If he wins, timing of his assuming office should hopefully coincide with cycle peak, at which point I reckon optimum trade could be to dump everything crypto.

That website thebusinessdesk.com has got it muddled up.

The sale value has not been disclosed by THG.

On day THG/Frasers announcement made, as we know THG said Coggles had sales of £43m. Same day thebusinessdesk.com write an article based on that RNS, but they've misreported it. Writer thinks sales = sale value. Second article is repeating same mistake.

Guitarsolo it's no secret that they've missed guidance before, I even said that in my post. That will be why the share price has fallen 98% from its peak.

Since the failings of the past they have gutted the top team and this year they have new chairman, COO and importantly CFO.

The other key aspect of the update was the forecast £28.0m sales next year. They anticipate achieving this now production has doubled. Compare that sales number with sales in years you mentioned. Last year rev was just £7.3m. This is a dramatic increase, and together with the fact they have recently raised will explain why they state no funding required.

I'm going to ignore the guy calling me naive because that's not even worthy of my reply.

It has to be taken as sincere where they say "no further funding is required".

For one thing the nomad wouldn't let them issue guidance that would knowingly mislead. Note it's not followed by a qualifier saying FY24, so they are saying no funding required full stop. So of your two options, this does not read like a planned raise in January - the opposite, they are ruling it out.

They've missed guidance before as a few people have pointed out today. What makes today's update different in my view is that it comes on the back of a kitchen sink job RNS where all the problems have now been clearly put out there. It was already at ground zero, and they are through the worst of it. But the true game changer today was news of the doubling of production.

Looking good all round gents. Larry Fink is becoming somewhat legendary for being so bullish on btc. Can't go far wrong with guys like him on your side.

My take on Hive would be it's looked value next to peers for ages, I've held a wee bit for a while but hard to get too excited about, tends to lag. Data centres in Iceland and Canada where leccy obvs less competitive. Really they should forget mining, they will struggle to compete against cycle winners like Corz/Mara/Cifr/Clsk. Better if they became a pure HPC company - luckily they do seem to be pivoting in this direction now.

Not pads, discs. Specifically specialist carbon ceramic brake discs for OEMs and after market. https://www.surfacetransforms.com/

Have to agree with sentiments. They are through the worst of the operational issues and as isas says no further funding required is key. Looks like a well deserved bounce.

"404x,I am not really sure of the point of your post"

If you can't understand my post, I'm afraid that's your problem. Perhaps try reading again, more slowly this time

Https://www.londonstockexchange.com/news-article/market-news/surface-transforms-plc-pre-close-trading-and-operational-update/16577020

Okay Cigam, we'll agree to disagree on this.

The thing to watch is the high level of caveats required for adjusted EBITDA. As well as those variables from company to company here we even have variability within same company at different years, as you refer to on certain contracts they opt to exclude, while keeping others. It really loses all meaning.

Ultimately nobody who thinks the company will be a success should have anything to fear from the statutory profit/loss.

It's a great leveller and cuts through all the excuses.