Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Interesting article. āSupporting tomorrowās innovation championsā - thatās THG language. Come on QIA.
https://www.weforum.org/agenda/2023/04/europe-and-the-drive-for-the-future-of-innovation-a-sovereign-wealth-fund-perspective/
āHis Excellency said that Qatar is committed to investing up to GBP 10 billion in key sectors of the UK economy during the period 2022-2027 as part of the strategic investment partnership, adding that the investments reflect QIA's strategic focus on driving innovation and future-focused sectors in the United Kingdom and the worldā
https://www.gulf-times.com/article/661795/qatar/qia-ceo-says-qia-committed-to-investing-gbp-10-billion-in-uk-economy/amp
Hello THG
I think the AGM will be a non event. It was last year, despite the RNS from 9th May 2022 āThe Board is keen to encourage and maintain engagement with the Company's shareholders and intends to provide an opportunity for shareholders to ask questions in person at the Meeting.ā Reality is they closed it down pretty quick.
They have a get out to NOT answer questions on strategy etc āWe will consider all questions received on or prior to this time and, if appropriate and relating to the business of the AGM, we will seek to provide a responseā
And if they get any low votes, they are likely to brush it off. Similar to RTN AGM results. Despite results of 54% to 74% on multiple resolutions, all resolutions were passed as a majority.
Not going to get my hopes up. LTH.
The divisions are now split. Maybe itās time to announce a partnership on Ingenuity of Nutrition. The partner invests cash for a share of the division. The cash enables THG to do a share buy back, of up to 137m (as per the agm). The share price rerates from the partnership + the share buy back puts c10% of the shares back in ālong termā hands. Just a thought.
Most of the big buyers post IPO are already out, including Blackrock and SoftBank. QIA have averaged down. Long term supports will have low averages from pre IPO.
Most of the big IIās that Matt needs to roll will have averages
Good example from June last year; Apollo were up for a three way dealā¦ āReliance Industries has teamed up with the US private equity fund Apollo Global Management to make a Ā£5bn bid for the UKās Boots chain.
The US group Walgreens, which has controlled the pharmacy and beauty retailer since 2012, is expected to keep a minority stake under the deal.ā