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Nothing will happen as it suits MM for the status quo. THG is wrapped up - can't takeover without him and mates, even if II break ranks he's the landlord, owns all buildings separately. Any investment into Divisions limited to 49% so further control retained. Can't be voted out as CEO as has enough votes to maintain.
People saying "something must be done" (or word to that effect) - for who? Some have had their payday so dont need another...just at expense of everyone else. And everyone else can do ZERO about it.
@crafty point taken, but to be devil's advocate...how do we know Ingenuity is so efficient? If it were wouldn't massive players be clambering over themselves to occupy its capacity? How do you know that if Beauty or Nutrition didn't partner either another major fulfilment company that they might cut costs by 20, 30, 40% etc?
@OSG
You talk about 3 bids as though it's fact.
You talk about Apollo as though they made a bid. Nothing was disclosed to the market.
You could point to RNS but then I don't give any credence to words our CEO mutters or RNS. Too much has turned out to be fake or not happen.
I hope you are correct but my point is no one can buy the business as its wrapped up like a kipper.
Fair point about nutrition, but say someone came along and bought 49% of nutrition or beauty for a premium and subsequently separated and listed in the USA. Plausible and not impossible.
What happens to Inegnuity? They're tied to it as a distributor, can't test the market to see if there is someone better (those with a controlling stake would veto that) and Ingenuity cannot survive without the cash generated by the nutrition and beauty, which any investor would be mad to allow to subsidise at expense of their return.
I'm genuinely interested in how people think this could all be circumvented.
This discussion is pointless...
No one will buy the company as they can't. Our CEO, Landlord and his mates have it tied up so they can't.
No one will buy a portion of the Divisions for a premium as they won't get a controlling stake, all Divisions have problems, they'd have to work with Our CEO and invisible Board (or not, given they're invisible) and any glance at the history of EVERY major investor over the last few years shows they pour money in only for ot to be squandered and their investment wiped out. Even our own CFO won't invest
But yeah...its all about to happen.
As long as the company doesn't go bust, CEO has it tied up in perpetuity.
Bloo** hell thats a bad finish. Thing is...our CEO may is delusional. That latest video. He thinks he starring in his own soap opera. If it wasn't so bad for small PIs who have lost a fortune it'd be hilarious.
If you really wanted to boost sp you'd roll them all up into one mega RNS with each deal and the GMV and totality of value...could easily protect commercially confidential details but give indication to market.
Anyone who thinks there will be any bid for the company is puddled.
1. Our CEO and his mates have enough shares to block it. So won't happen without him.
2. No one will work with our CEO on board as they've now got 3 years worth of well documented behaviour which would send anyone running a mile.
But I'll sit back and wait for the inevitable to happen... 😜
With no disrespect to the workers, if these are lower skilled jobs then they will very easily find jobs in other sectors who are crying out for labour. I agree that automation and reducing ongoing headcount / costs is required...or else this share price might get even lower and we might not have a company if we don't modernise...!
Spoken like a true capitalist 😂
Bwana sorry to see you go. Even more so that you're leaving at a loss. Sounds like you made similar decisions to me. I got out higher whilst in the black but (perhaps unwisely) have come back in lower.
I wish you good luck with all your future investments.
I don't have a problem with redundancies. Please don't interpret I'm complaining about them. As ever it's also the manner in which things are done which defines good vs poor leadership.
Oh and read the comments under the article about Warrington residents views...lots of them talking about the loan the Council made to mm / his propco.
I thought the same about Kong.
Lots of companies make redundancies, especially when technology jumps forward. But throwing £200k at Kong whilst doing it is just distasteful. But don't forget...MM is the victim...