Member Info for Joner

Rofert your comment takes no account of the fact that this is trading at a huge discount to NAV regardless of Revb - there is plenty of upwards movement to come before the share price reflects the underlying value of the holdings

Thank HH, that was the point I was making, I’m not sure how or why the other poster here could construe it as a comparison - bizarre.

Another listed holding gone. I wonder when Wise will be disposed of.

I notice chrysalis have sold out their shares for £5m

Bought Mrs J’s cult calendar and got a free goodie bag worth another £400 - she is delighted. Already has identified the potions she’ll struggle to not have in her toolkit when they run out.

Who else can’t wait for the outcome of a very very disappointed Brockwl’s serious think?

There we go, it was pretty obvious.

They believe the current market cap under values the business then go on to dilute at 15p.

I do wonder whether the change in CFO in April has caused a bit of a “Drains up” and todays Rns is the result.

“A great deal of work done on financial systems”

WTF has been going on…

Certainly on the BZ4X motion version

On the new all electric Toyota BZ4X it is part of the standard equipment.

Cash at Dec 21 was £4.9 million, an adverse additional £3.2m in costs at the last trading update (many of those additional costs are ongoing rather than one offs) on top of being a loss making business.

Will they come back to tap shareholders with more dilution or is the invoice financing facility sufficient to see them over this hump in the road? Would value thoughts here.

I was really interested in Paul’s comments re fleet, in his investor video.

Hopefully this means we are working with Traton SE, the separately quoted truck business of VW - it would make sense after all?

I suspect because the valuation was largely based on future revenue and the discount part of the calc used will have increased with current economic environment.

Todays update won’t help that but whey prices are hopefully coming down again.

Always a concern for this one of further dilution.

Summed up my thoughts also Kando.

If there is no bid that reflects fair value for the units, then press on with the strategic plan. By the ways I said last year I would look at seeking when if got to £4.50.

The way I see it, the units are fantastic businesses - THG Beauty no 1 online re prestige beauty. It’s in a under penetrated area and offers a highly attractive growth going forward.

THG Nutrition no 1 online brand for advanced nutrition.

On separation I expect Beauty and Nutrition to pay ingenuity a small royalty for the D2C platform that allows them to continue to distribute seamlessly to over 100(!!) countries around the world.

Im happy to wait.

Having chosen not to go D2C Interesting that they actually push customers to lookfantastic to retail the st tropez product online - positive news.

The buying experience is weakened though by not having D2C though shame for them

THG Beauty is the world premier online retailer of prestige beauty.
Thg nutrition is the no.1 online nutrition brand.

This £2.50 BS agenda is a joke.

£4.50 is what I want but would accept £4.00, any lower and I’d feel like I’ve been had over.

I agree B1nky £4.00 at least, a further £2.50 from here to take account of the other divisions

Why go for a low ball offer of £2.50 when we all know that THG Beauty is worth that as a stand-alone business - just compare it to Ulta beauty in the states for example.

Break up of the parts to maximise shareholder value (which is the boards responsibility afterall) makes far more sense.

It is what they have been working towards anyway.

Back in October 21 I posted when it was North of three quid, that based on 2.5x - 3x revenue on Beauty and Nutrition and the house brokers £1.75bn valuation for Ingenuity, that I would look again when it got to £4.50.

This still remains my base case - I’ve managed to largely block out the noise around this share and average down along the way.