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Whilst it is true that the spending power may decrease it will hit big ticket items and holidays etc first.
People who buy make up will always buy make up and people who go to the gym and buy protein will always buy protein.
Thg should be well positioned to any type of recession. Also with the incoming doomsday of AI creating mass job losses, more and more will be automated. This gives Ingenuity a head start. Just take a look at what Japan are preparing - aging population - AI coming in - they are experimenting with universal wages and pushing to automate anything they can.
While we are on the subject of Black Friday, I made a my protein order from the website last night and interestingly they have removed next day delivery with only the standard option available and also there was no longer an option to pay with PayPal. Had to actually put in my card details as I don’t use any of the other options .
Inflation is noticeably coming down especially in the used car market. Higher end cars are dropping like a stone, I’m talking nocking down 10-20k in the last month on a £100k car. It will filter down to the cheaper cars but obviously not quite so dramatically
He lost all of that profit in CPI, now he just comes back here posting none sense to make himself feel better and to feed his ego to protect himself from the realisation that he is not as intelligent as he thinks he is. Sad really. Hope he’s ok.
The clothing is good but the pockets on everything I have bought are literally useless. You can’t put anything in them without it falling out, my phone is a no go as it is poking out 50% before you even move. Sit down and everything falls out. Pain in the ass when at the gym as you have to carry your keys, phone and pass and keep finding somewhere to put it down. Quite a major design flaw
Interesting timing of this article, only weeks before the next update and also referencing Kelso. Maybe their criticism of no strategic update in the last results may have pushed them to update us and possible leak? Not sure if I’m too hopeful or delusional. We will see on a couple weeks I guess 😂
Well that will put a stopper to the Mbo theories for some time.
So we now have a ceo who can’t take the company private, doesn’t want to sell and hates being a plc on the stock exchange. Recipe for success…
It’s a risky game expecting other people to act in a logical manner, especially those who have already achieved success. If the share price goes to 0 what does he care really? He already has more wealth than all of us combined and will continue to have even if the business folds. If he had not hit the SP target to have his massive payout then maybe the mentality may be different. His only real gain now is creating a legacy and proving the city wrong, but it seems it’s created tunnel vision and the more this is focused on the further he gets from this achievement.
Logically speaking, it makes no sense to call your boss worthless pond scum unless you were planning to quit. My worry is after all of this time, if an mbo is the plan then surely it would have been leaked at some point. It’s sad to see it back in the 60s and my worry is we may witness the death by a thousand cuts once again, losing 1-2% each day similar to last years fall to the 30s.
What I can’t for the life of me get my head around is if they want the share price to go up, why the f did they not RNS the nutrition bid. Surely that is the faster way to point out how much part of the business is worth having an actual figure put forward.
There is no doubt that the value of the parts of the business is much greater than the market cap.
The problem is that it’s looking increasingly unlikely that the business will be split, other than the jam tomorrow promise of maybe one day nutrition will be listed. Can you trust this? What’s the time scale? Why isn’t this more official than just a maybe on a q and a?
I’m gutted the price has dropped so much, going from 44% up to 5% down.
My worry is even though 20p would be ridiculously low, with thg, it’s a possibility. If it did hit that level I’d throw everything I had at it while crying over my paper losses 😂
I cannot get my head around how they are spending 160mil a year on ingenuity yet it’s revenue has halved to only 3 million.
I mean f me, if they had been selling £20 notes for £10 they would have made more money