Member Info for Glowacki

Did Frasers invest £10m in THG plc or in the Ingenuity ltd placing???

Only a sale and leaseback of the cruise ships will make a significant deleverage of Saga plc..The insurance stuff in the end makes little impact on the balance sheet..£614 debts will reduce to £558m by year end...Times newspaper a couple of weeks ago stated Saga was in initial early stages of discussion with interested parties about the cruise ships.It about 6/8 months away from conclusion.

Debts £614m.insurance sale will nett around £60m..Storm in a teacup

Ingenuity ltd has an enterprise value of £307m..The proposed private company will be worth up to £100m..This means over £200m of THG plc debt is being transferred to ingenuity ltd..This leaves THG plc with around £165m of debt..

So, Ingenuity is being demerged into a private company to a value of £100m... THG plc shareholders are usually entitled to shares in the demerged company to the proposed valuation..However as it is going to be a private company 99.9% of retail shareholders will not want to hold private, untradable stock..Therefore THG plc will issue more shares to shareholders in addition to what they already have,to compensate for loss of ingenuity ltd..By my reckoning this will dilute existing holdings to about 48p (which includes the extra shares provided) If the trading update had been positive the SP might have risen tomorrow,but this update was dire,with only one of the two remaining divisions making a revenue increase.

PMH.,leases are owned by MM (outside of thg plc)

Yesterday 9/10/24) a director sold £1,850,000 worth of shares at a low low price..This SP is not going up anytime soon.

The longer it takes to announce insurance deal and trading,the more likely the SP will start it's bit by bit daily slide down to below 120p..At present,there is every indication of a prolonged silence..

8 months ago, the new CEO proclaimed that by 2030 revenue would be £1b...Today in a trading update,revenue would decline in year 2025 to around £140m.. Borderline deceptive by the board.

Sofina is an investment company who specialise in taking holding in growing young companies..They have dozens of investments in number of countries..The stake is purely an investment and no more than that..Kelso did the same and two years on they are down on their investment in THG...

The downward pressure on SP according to press is because the tax exemption for AIM stocks might to removed come the budget..At present an investor considering taking a substantial holding will now think twice before putting their cash in.. Apparently Yougov is the most exposed stock of all Aim companies as it does attract institutional support..

Scare...You just moved insurance to saga??? Searching for a new quote for my car insurance,l was quoted by Saga £1,356...l ended up insured thru swift insurance for £446...Saga are well known for relying on old people to automatically renew insurance at sky high prices..They are the same with cruises..A horrible rip off company in my opinion.

Off loading some of the insurance ATM will release cash to pay down debt,but it's not a game changer..For that to happen the sale and leaseback of the cruiseliners would realise a lot of cash..However that does not seem on the cards after 18 months of trying

LDLD...They are not sold to Israel,but given free of charge..23billion USD so far.

Alnwick..

The real news the market has been waiting for is the sale and leaseback of the cruise ships.. Until that happens debt interest will be crippling to sagas finances.I got my car insured last week for £436..Saga quoted me £3,812????

Helu

You are up by between £1/2..If you add in the one share for the demerged company

So this morning l got very excited to see FTSE up strongly, as that l might recover my losses on OTB..However at 9.30am l open my account to find out OTB is one of the very few stocks to be DOWN.. Unbelievable....

39p and not one single director buying shares..This must mean further to drop for SP..

Something not quite right about this trading update..You get the sense he is trying too hard to paint gloss over satin figures.. Revenue increased,but profits are flat,no debts,but apparently a big charge (figure not provided)over the deal with Ryan air.….It's almost like he was unprepared and stuck to usual trite comments.

Bit rich complaining about lack of institutional support for the SP,when they persist in staying in the wild west aim marketplace..90% of institutional Investors are prevented from dabbling in the aim market,due to low governance..AIM is for small,fast growing ,start up companies..YU plc is medium sized,paying dividends,and big revenues.. It's time to move to FTSE platforms,and attract serious investors