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There must be something else here. MM.and the IR team surely can't be this stupid.

I.k ow first hand staff read this board what on earth must they be thinking

Every time he opens his gob it goes wrong. How on earth can he get it wrong almost every time. Its just unbelievable. Even something as basic as this he messes up

Just go moulding go now you are not use any more

Either that or the hiding investor scared IR incompetents read this board and had an oh llheck moment

This is like my old employer

Took 3 meetings for the chairman to appoint the sub chair. Meanwhile we ran out of paperclips.

Crazy days

I d don't think there are any whales. There never were. It was all a typical smoke and mirrors deflection 2 years ago away from crap results. Its very simple either there weren't any, or they were very early stage and lost interest or the cost of sale is enormous absolute takes over 2 years to convert.

It can only be one of thelise 3 but they all point to fact that he's built a white elephant which is fact struggling to land anything to fill it's 90% cacaity and the II insiders investors know this and avoided it post demerger

I know for certain if I was a whale thetreis zero chance of me closing down my opwratipns and giving such a key strategic part of my business operations over to mouldings white elephant

Glad I'm out of it

Surely he knows this, his staff know it his customers k iw it certainly nvestors do.

I'm certain he will be looling to move on remainco now to.also.e new fresh CEO and board. Shame he ended a big but rich fail (but far less rich than he was)

I'd be amazed if this wasn't wrapped up q1 45p for a 170p min business i his own words cant carry on hes out of time and crefibility to.close it. end of road nigh

Its rare there was ever a more timed our out of ideas out of trust out of credibility CEO than.moulding

Su

Ingenuity facts

1. Not a sine Glen whale landed despite mouldi g Saturday g the pipeline was terrific and close 2 years ago.its never landed a whale. What's wrong ?

2. 1bn I vested and to date it's nothing g more than an i house fulfillment centre

3.city clearly didn't value it and nobody tried to buy it

4. I simply can't see a whale going to a very untrustable man here you go have all my end tl end fulfillment. Which whale can you really see doing that and giving g away such a strategic risk

5. The linked in post confirmed my worries and wi have for many others that this is just another face saving ego driven post whete it's free from. Open challenge. It is a big red flag

6. To dismiss the city as stupd..a of them...all the thousands of city workers who didn't go after ingenuity just reflects on moulding. I get he wanted it to come across as he won he is desperate to save face, but it just showed the worry everyone has with him

CEOs get their pride and kudos from creating shareholder value. This oddball seems to get his pride from a rip off deal that mainly suites him. He has a fundamental l lack of understanding of what a CEO should do

This is why many didn't want to role with him. His reputation for future earn out from an IPO is shot

He also seems to miss that his staff and charities are also shareholders

Depends on fcf and earnings. Land fcf to 100m plus shouldn't be difficult its 1.5bn to 2bn dependant on fwd guidance so take mid point 150p. Its good value at that

On ebit it's 14x sector ave on ftse but that includes many basket case hight street so expect higher but need to see guidance confirmed

Revenue mulitplier jeez takes it to silly levels 2bn to.5bn. APN isn't reliable comparative given its point on growth curve sk.not 4x but git to be 1 to 2x to again 2 to 4m so 150p to 300p

I do think 150p is the floor value with the unfortunate discount our incompetent CEO and board attracts from unvestors

Feson I didn't rile ileitj ingenuity it mouldings ability to.turb billions into.milluons, his lack of the imminent whales he announced fir 2 years and his completely broken reputation with investors. Can't see he would ne teusted to ipo anything ever again

I'm going nowhere near it.

Moulding said 2 years ago there were several.whales about to land

Another lie to smokescreen poor results

Ah but will.they bid ore or post demerger?

Surely if it's post then must be disclosed if its planned or its pre and only few days left

Trai ,

Great post. Refreshing to see. I think you are light on the multiplier. The sector relevant ftse ave is 14

It that's an issue.

Hasn't moulding blown.his IPO reputation?

O can see the short termers are out in force at the moment. A few things to consider...

1. This split was needed as the mix of an email business in beauty and protein mixed with a highly capital hungry e2e logistics business was impossible to value and would difficult to assign sector comparisons to fir valuation purposes. The risk spread would not have found many investors with a similar attitude to risk spread at opposite ends. Post valuation the remain will be easy to value on oeer comparative. We should focus on insightful conversations on the to make sensible decisions. I make it around £1 mark. As many have said true value will then out itself from the FTSE index

2. Ingenuity is Stowell highly speculative with c. 19% of its capacity taken. It needs the clout of landing major customers buying the full model so it still has an unproven risk to be factored in but MAshely derives that alot for me

3. There is no raid of PIs going on as the conspiticust keep saying as to do so would be a raid on the Iais friends family charities he holds close. We are the same investor class with the same rights and sane options available to us all

I welcome this split, the well overdue ascent to FTSE 250,outing of fair market value of reamin and the option to invest in a privately back high growth business with the likes or leahy Ashley and others but separatel from remain

I'd prefer a discussion on the three remain valuation multipliers right now as that is the big decision on election split coming up as all options are open to us same as everyone else

We are not in a risk averse market though

Yiu are best doing a drawdown each year to just believe higher tax rate then stick it into isa s across family income generating here at 11%

I would like to know what friends, board, charities, family and close staff are thinking now. Forget us he owes us nothing but his closest people must questioning his credibility and if he's got it

Navek the market often doesn't know

The other approach is follow the insiders, industry gurus new and old and big shot investors thetebis over 100m gone in recently

It is odd. Failry revently over 100m money gone in from a range of old and new insiders, industry gurus and big name investors yet price drops