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Your so thick Nuri!
That 700mil does not uncle the revolving credit facility of 50mil. They also bought cult beauty for £275mil.
That actually shows the were cash flow neutral in Q3 going into there cash generating period! That pretty good considering they expansionary capex!
If the take it privet at rock bottom prices then most retail investors will be out of pocket! If for example they take the price back down to
170 and purchase 25% of the shares @2.50 that’s still 800mil they need to raise. However the only investor who would be potentially prepared to do that is soft bank and they were prepared to pay more 20% of ingenuity. Now they get 25% of the whole company. Float on the Us in a few years and bang they have at least tripled there investment!
Shorters win, the investment funds win as they keep there share in privet company, MM wins with his bonus shares in privet company, retail investors get shafted!
Might explain why all those linked min posts were edited. They don’t want the company SP to be rising into a potential offer to take the business privet!
A lot of action this week trying to keep the price down, especially yesterday.
Less growth does play some part. The analysts were mentioned slowing growth in both H1 and Q3 questions. However what they don’t get is that 75% of new customers reorder. So if they add 1 million new customers to its base then that feeds into more orders in Q1. Add that to jan sales and you get Q1 growth that’s 25%+ up on the same period the year before. The next 2 quarters follow similar numbers to Q1 but then ramp up again in Q4. Ingenuity growth is key and I think this is where the people’s focus is on but the rest of the business is flying.
Fair point. I do feel like we may get an update next week with an upgrade to guidance. 500mil for Beauty and 300mil for nutrition would make Q4 closer to 900mil. That would certainly make the shorter’s think. We could easy be back to £3+ end of Jan with some big Ingenuity wins if not higher.
Lots of bad reviews on trust pilot and Instagram. It’s great that they are busy. But if they can’t for fill customer orders then they lose the repeat nature of the business. Lots of positive reviews but the process doesn’t sound like it’s as seamless as they make you believe!
Todays rise could be due to the fact the MM does not need to remove his special share status to enter the FTSE. As form Monday and as soon as the hire an independent chair they will be able to move into the FTSE 250. This could be why we see the shorts now slowly closing.
IF MM wants revenge on the shorter's, he needs to releases a mega update with news of a new Chair and dates of moving into the FTSE 250. The short sellers will have no choice but to close.
8/10EMA at 182/185 means nothing with this share. It’s crossed over on the daily and hourly many times only to be smashed back down the following day. If it starts to rise it needs to cross the 20EMA which is at 188. Then we should quickly hit 205. Last time it was above the 20EMA was 16th of September price was £6.50! £1.90 finish today bodes well for next week. Anything below will see buyers still on the sidelines.