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I do find the ongoing smoke and mirrors lack of clarity a disgrace from a CEO.

He hasn't learnt from the past. I want him to go now. Alot clearly do. Pleasevresd the music

Thanks HH thumbs again!

If he approached it sensibly he would talk with kelso prior to update not issue it then wait to see

It's important he gets then on board not due to their holding size but as some don't understand due to their reputation city connections and the oiwer of their advocacy

If he approached it sensibly he would cibsykt with jekso prior to update not issue it then wait to see

It's important he gets then on board not due to their holding size but as some don't understand due to their reputation city connections and the oiwer of their advocacy

Some target misses but big picture about to go fcf neutral then positive. Heavy lifting caprx mainly done

The recent board members are real heavyweights along with investors. These know more than any one of us, they are sone of biggest modt successful heavyweights around. CFO bit of a letdown so far. No idea what te IzR "heavyweight" is up to but can't see yow this is enhancing his creds

If moulding gets his act together (which clearly the investor and new board members big guns do) this is gap will close and paymout mutiples

Not overly concerned here. I would if SP was in bubble territory but it's not its 20% of peers, 25% sum of parts, 10% of ipo.

Maybe change beauty CEO she clearly lacks leadership experience

Ok here are mine...

Chairman clearly MIA OK he's ill but we now have a problem.

Damien saunders has no presence whatsoever and a very poor start. step up and show your conviction and buy stock

Give clarity on ingenuity ROI as its sinking alot of Cash

Be open about credible expression of interest from.bidders and why you reject based on a very ckearky articulated value play from.youself

Director buys

Give a 3 years business plan we can work with on dcf and route to dividends

Clarity on geographic and business unit segmentation targets and performance

Ingenuity 1bn gmv whales this year mentioned in RNS. Where are they all or was that yet more silly hyperbole? Groan

Tbh I don't mind beauty revenue drop as long as its cutting poor ebit business and results and drives ebit growth on higher quality but lower revenue

The spin he puts on things is almost child like. Yes great on fcf and ebit guidance but what about the other? It's his relentless positive spin even o

issues that need fixing and hyperbole that has turned people's against him and lost trust

Goodtimes

That's what annoys the hell out of me. He sold his company he s very privilaged to run it om.behalf of the owners and its the owners who say who they want to run it for them.

Of as he is proving he can't realise fairl value the owners them get someone who can.

A hostile bid is inbound and he will struggle defending himself against it to.the owners

I'm here for the value gap closure certainly not moulding

He calls it fast cash I call it normal investing

That he said that on the cal was a big reflection on his total lack of self awareness. Its not his decision

We are here due to massive value gap which despite our failed CEO , still exists. Someone will make their play to close it that's a certain . The gap.to fair value is clear its 5 x at least to fair value and the route it is obvious All credible obsevers are saying the same thing

Moulding can't do it he doesnt have the skills. He needs to be honourable now and realise that the route doesnt involve him the tide has turned against him now wherever you look. His blind ignorance in his linked in message pre results and the aweful blindly biased write up by City Fm confirmed that. Id love to know what staff think of hiHe had to deliver with all the tailwind. He failed again failed big and destroyed 400m of value. Hiw much linger can this go on.

He has to go. I think we will get a hostile and I can't think of any single defencive play put to the business owners ( he forgets he sold it) other than an mbo but what could he possibly offer new backer?

I'm shocked at that. Sanders massive missfire. Big f##k up second outing comes across hiding under a stone ming s massive risk free salary signals im here for massive pay but dont in no way i believe i this. Tesults day you hiding under a stone too

I used to work with you at and your brother in tax.Get so e b#lls mate

Kelso have definitely swung now from firmly offering advice to being quite critical of moulding. That coupled with openly critical comments on linked in, some IIs now voting against him and some on here having swung, the tide has turned strongly.

Im sure there woukd be alot more highly critical comments on linked it other than it would mean quite a few profile identities being revealed who would prefer not to.

We may now get this enormous value gap closed which has been here for 2 years. I dont buy its the macro.for one second as his peers aren't in same boat and their valuation are 5 to 10 range THG.

We should get a hostile soon as moulding won't have a credible defence abd GS gone and hes losing II support

Id expect it soon as valuations are v cheap. Its not for moulding to say its not for sale. Its our stock he works for us we rell him whether we want to sell it or not, based on weighing up a hostile approach to his counters and it going to a vote

The other immediate attraction is about to go fcf neutral. So something with ingenuity and it will be spewing out cash immediately.

Pearls

Agree a predatory bid now would be very different and got a very realistic chance now 150 to 200p way below fair value but that's what makes it attractive

No golden share to reject it

Moulding would struggle to defend....as you say what could he say after he's proven he can't drive value up, only down and has now messed up on 7 of these. His only option would be to come into bid war as a mbo but who would back him? All he has proven is he treats investors like crap, cant articulate and deliver a strategy and lost alot of people alot of money ie all the things a CEO should excel at

Been reflectng alot this weekend and this will go hostile and in short order as conditions are prime right now...

GS gone

Ridiculously cheap massive value gap for a Or trade buyer

A good turnaround CEO has a great opportunity to close a v large gap

Obvious root to massive value buy and break up and sell

If kelso are the yardstick then the big investors are "frustrated" with him. That is a big signal to a predator

Moulding I'm.sure will attempt a counter mbo (if he can get backing) he will bit be able to sell a defence to keep it listed as is

I think this update finished him. We all hoped he could do it but alas he flopped rather spectacularly. If you look at his linked in post abd city am on results day its very clear he has no idea about how to do this, hiw ge comes and doesn't get it. He clearly does not self reflect and he wont bethe man to fix it. very poor start damien new CFo and new NeDs must be thinking oh cr#p. God know what his employees are thinking on the share sceme They want their payday too

It's about to get v interesting alot of vultures closing in now

He may have no choice but to do an mbo if a hostile bid comes on. His powers to bote it downon his own have ceased to be

I wish I knew what he is saying to the IIs to keep then onside if indeed they still are

There is no evidence of an mbo but equally there is no evidence he isntt getting ready for one either. In fact I'd say there is more activity points to it than not

In fact the only of an mbo is an actual mbo so strictly speaking you are correct but it's a bit of a none point

It would be too late ro invest though once that is announced

Not quite what we all wanted. Moulding just terrible at these investor events and he just can't blame anyone else now

However it just can't carry on like this and everyone is very unsure of direction and strategy. I expect it can't be like this again in October.

Take it off market there are very drop pockets in the hundreds of billions of big guns around the table to do it. These big cats part in can go full in and it's clearly very cheap

It must all get cleared up now as this is probably 7th time now he's fumbled a big update. Really think he's too damaged now to continue at helm of a plc so its privatise or times up

Quite a big shift also from kelso. They were used supportive advisory language. Now have used the word "frustrating" for the 1st time which is getting starkly critical of moulding. I strongly suspect the other IIs are in a similar place alos. Things will change now and quickly

Not quite what we all wanted. Moullding just terrible at these investor events and he just can't blame anyone else now

However it just can't carry on like this and everyone is very unsure of direction and strategy. I expect it can't be like this again in October.

Take it off mmarket thesis very drop pockets in the hundreds of billions of big guns around tthe table to do it. These big cats part in can go full in and it's clearly very cheap

It must all get cleared up now as this is probably 7th time now he's fumbled a big update. Really think he's too damaged now to continue at helm of a plc so its privatise or times up

Nut....

Why do they blame it for missing forecasts. You should have factored this in...if you know your market

Sad day today seeing a home grown global leader in microchips saying goodbye. We were once the merchant finance leaders of the world.

Moulding one for you...Aristole ethos definition (you are the ethos)...

As as CEO set your strategy and deliver it. Listen to the extremely music around you!

Ethos (/ˈiːθɒs/ or US: /ˈiːθoʊs/) is a Greek word meaning "character" that is used to describe the guiding beliefs or ideals that characterize a community, nation, or ideology; and the balance between caution, and passion.

I'm also struggling to find a bad news story here. The only soft spot could be a major unforseen revenue miss on beauty but that is to far into the total career over incompetence scale to even contemplate.

Think we are good but what do I know. The sp action has wobbled but its not driven by volume abd certainly not shorts selling into a leak (shorts at lowest level for 2 years and got out in q2). My view is its people sheltering from mouldings track record of market shockers so its his brand trust that's the issue

All indicators for me are reaffirmation of guidance exceeded plus great news on deals landed

I can't see what would knock this off the rails