Member Info for Globex

Fwiw shareholders tendering full entitlement are currently unable to trade even proportion we now know won't be tendered. That's if my account's anything to go by. Presumably this freeze lifts on remaining non-tendered shares after Cavendish buy the allocation tomorrow.

So share support price wise today is a somewhat unique day, in that both buyback is taking place, but those looking to sell over tender takeup are temporarily unable to do so.

Good on him, refreshing to see one of the 35% peasants interrupting the corporate back slapping, even if only momentarily before he gets censored faster than a WeChat post calling President Xi a numpty.

Has to be said in this report the hotels and spa are a bit of a whitewash. In a change from last year they're now incorporated into beauty numbers, so in sector reporting the revenue from someone staying in a THG hotel now falls under beauty. But that's not likely in the case of Great John Street which has been closed for years, despite a multi-year refurb that the company has been paying for.

Hotels actually aren't mentioned in the report at all, nor is the country club. Maybe they hoped we'd forgotten about them.

May be of interest

https://www.benzinga.com/markets/cryptocurrency/24/04/38173636/exclusive-marathon-riot-hut8-ceos-tell-benzinga-how-bitcoin-halving-will-impact-miners

Thiel obviously talking his own book but he does use that magic word profit (hopefully not just balance sheet btc kind). That energy efficiency number could be a good benchmark, with usual caveats for electricity price, finance costs etc. Also largely correlates with below, which shows how much of leap forward the S21s are for efficiency. Newness of rigs as important as ever.

https://www.asicminervalue.com/efficiency/sha-256

Crossing over the £1bn cumulative losses threshold is a bit of a grim milestone. Puts things into perspective that if they'd not bothered and instead just sent everyone home and shut the doors 5 years ago, that's a billion that wouldn't have been lost. But don't worry guys, everything must be fine as Mad is claiming £120m profit on Linkedin.

He's using some artistic license claiming profits of £120.4m. Big difference between statutory profit and adjusted ebitda. Fair enough it's a dumbed down audience and the average linkedin worshipper will drink it up regardless, but doesn't help his credibility.

Not a great surprise, this business has been loss making for years, with cumulative losses of £10m+ even before we got on to this year being reported. It would have died back in 2021 when on brink of insolvency until TB put in money to give it a stay of execution. But for all his financial engineering he clearly forgot to check if they'd put up prices.

I'm certain there would have been a very good investment case for a UK based iron foundry during the Industrial Revolution. Now not so much.

Drinking game suggestion: take a shot every time you read the word adjusted.

Echoing that HenryHistorian, hoping full holding taken. I figure it will naturally drift down again once they've completed the buyback. With the soon to be reduced cash balance, minimal revenue, the long jam tomorrow story and this management's track record it wasn't a difficult decision.

Galaxy's turn to take a beating today, market increasingly intolerant of these share sales and rightly so.

CDT late filing accounts will be hitting sentiment. This is the problem of effectively betting half the company on this one investment. They should ditch it pronto, not just because it's dead in the water and risk of Nasdaq suspension, even if it had decent prospects they should be diversifying more anyway. Cash equivalent from sale would quickly narrow Vela's NAV discount.

With financial year end on 30/03 they will have had to present the accounts as a going concern, so you'd think leading up to that would be moment they sold some CDT. It would be insane to sign off year end accounts with cash balance in dangerously low £60k region reported in Feb, when had this liquid asset on hand.

It wasn't an ideal update, Ellendale problems longer than expected, but not all that surprising from pool numbers. Market hopefully has already priced in awareness that quarter just gone won't be great - rest of year is what matters now, and it will help here that expectations are low so it won't take much to beat them.

Bit relieved Mara don't own Ellendale, seems like a bit of a money pit for Applied, who've just issued a bond to fund more works there, despite recent cash injection from selling Garden City. Introducing immersion to Granbury a positive, must be response to noise complaints. Overall I'm keeping perspective that these issues are temporary and even with them they're still pulling decent numbers relative to competitors. When they're back to firing on all cylinders on existing sites plus new capacity utilised, market will surely reward it.

Have to agree with that Dibs. New all time low being hit today speaks volumes. Even if we put aside problematic directors and broken promises including claims of non-dilutive funding, it's understandable sentiment is shot to bits when there is absolutely no visibility on this breaking even, let alone generating a net income. With financials as precarious as this, market all too aware further fundraises are an inevitability.

The Ingenuity growth story was a ruse to max out the IPO price and get Softbank and others to pump in hundreds of millions. It was a tech story veneer loaded on top of what is a traditional ecom retailer. When it became a proper plc they had no choice but the publish audited numbers revealing not just a lack of Ingenuity growth, but ultimately contraction.

@Kingalf it presumably matters to everyone who's been raising this today. Director holdings are significant enough to require a RNS, so they also matter that much there are specific regulations around them. If they don't matter to you, that's an issue only for you.

@serendipity the far right box gives his latest share count. It shows 6,603,082 shares.

If this RNS is only reflecting the enlarged share count rather than him selling, why would today's RNS show him owning 6,603,082 shares, rather than the previously stated 6,936,415 total including placing shares?

Forget the name, why claim it has revenue only a fraction of reality?

Lots of things wrong with this post starting with name, it's Ulta.

Numbers also wildly misleading. Last year they did $11.2B revenue, and as everyone knows businesses are primarily valued on bottom line so more importantly let's look at that. Last year they did $2.25B EBITDA and over $1B free cashflow. To compare remind us how much free cashflow THG generated last year?

True about Amazon, as unfair as it is they now have a virtual monopoly on ecommerce. Applies equally to protein, the number of whey retailers alone on there is overwhelming. Beauty is cut throat at the best of times but premium brands will always have competitive moat during downturns. It's retailers that are primarily third party that are most exposed.