Member Info for LD1973

Deserved a bit more of a rise than that, didn't it?

In what tranches could they have bought them?

1pencil - Not sure why? No one's gonna have to pay any CGT on this share anytime soon!

Just say this was a vehicle to take ingenuity, anyone who takes part in the IPO will be massively diluted following any purchase because the cash for that purchase will not be borrowed?

The other thing that actually gives me hope, is the training of all executives at Kelso. People on here questioning THG accounts, saying this and that. These guys are trained accountants / investment bankers. That means you've got nerds who know their way around a set of complicated accounts but also know where to invest on they back of their knowledge of a company. They wouldn't be balls deep into this if they weren't right!

OohAhh, that scenario really would be good. I thought it was ingenuity that QIA was interested in anyway?

Can MM be CEO of both remain co & ingenuity - surely there has to be a conflict?

The comment or the like? The like was Matt moulding!

This was a comment on MM’s post on the demerger

“Congratulations on putting a brilliant business plan together to get full control of your baby back”

The post was only liked by one person, can you guess who?

Vicious, they’re taking £200m of lease liabilities (whole term) not debt!

I want it to do bad but I want it to do well!

I've questioned why I'm still invested here more over the last week or so, since the de-merger of ingenuity was announced (something we were all craving for, for a number of years). I've just taken the view, I've been it this share for 3 years, so what's the point of getting out now. Boom or bust for me!

In this THG world, there can't be a single shareholder that isn't disgruntled but looking at the comments on here it's still so easy to identify who's who! To all LTH, it's painful times at the moment. To all Derampers, your pain is hopefully just around the corner.

Can we expect some sort of announcement soon?

Thank you for the message.

If the shares are not eligible to be held in the ISA we will automatically move them into a HL Fund & Share Account.

Italian - that’s what HL have told me

This is why there has to be another bid coming in. You haven’t wonder whether this was moulding’s plan even back when he took ownership of the properties? He wouldn’t be able to take ingenuity on the cheap if they still held the freeholds in these properties. Anyone know how ingenuity has acquired any properties post ipo (freehold or leasehold?)

I get it, I don't like it that MM has lumbered remain co with all the debt, but this is split with beauty. Are you still trying to say the AN is worth more than MP?

The range represents an estimated 2025 EV/Ebitda of 10.8–12.8 and P/E of 15–17. There is little in the way of a direct peer group, with Bellring Brands in the US and Ireland’s Glanbia the best there is. Once THG completes a planned spinoff of its e-commerce unit later this year it will be a decent peer.

They better hope they don't use our valuation!

Main problem I have is MM thinks he's doing us a favour by exporting all the lease liabilities to ingenuity. They use these building to conduct their business, so of course they should pay the rents! Beauty production will have to sub lease the spaces they've got.

Leaving remain co with all the debt, bearing in mind ingenuity has taken £1bn from beauty & nutrition is a bit rich!

Finally the valuation is so much lower than MM was bleating about. This is sort of ok if people are rolling, but ISA's can't hold shares, so they will have to be transferred to s trading account and then there will be restricted selling and, of course, when ingenuity does come to re-list, your profit will be taxed. (and with Rachel Reeves at the helm, who knows by how much?)

I've only seen him once in 3 years. He was brought in to give confidence to the city & ensure THG was behaving in a correct way. He's been paid £500k pa to do this and also look out for minority shareholders.

He has not been on any analyst calls since the first one (from memory) I can't see what he's done for his money. I would actually like him reported and investigated, given what;s happened. All the 35% club, we need a counter offer for Ingenuity! GLA LTH