Member Info for onsolidground

Sorry, missed the quote off the end

"Dennis Schulz, CEO ITM, said: "In the first half of the year, ITM achieved its strongest revenue performance in any six-month period whilst tightly managing costs and capital expenditure. Our sales pipeline has continued to grow, and we are well-positioned as customer FIDs accelerate through 2025. We look forward to providing a more detailed update with our interim results in January."

Lets see what the Trading update says this week. Bits of it are already known and they had a good Festive season

Looked like there was a buyer in the background absorbing any selld last week and looks like the week has started with them returning.

Not surprised really with an update due and Dennis Shulz's comments.

dyor

This'll be a good Quarter for Tullow spurred on by $80 oil and climbing, the successful ICC outcome with the Ghana tax Arbitration and possibly 2 more similar positive pieces of news to come on that front also. Maybe even an update on Rahul's replacement.

You would think we might have a bash at the 35p to 40p levels again as things are turning favourable on several fronts.

Nice write up off a Daily Mail Femail journalist detailing a recent trip to an Espa Life Spa at the Corinthia Hotel in London.

Pretty decent money at £325 for a massage and some really good publicity on Espa and also on Augustinus Bader products with a Victoria Beckham plug and which THG's Lookfantastic sells on their website. High end.

https://www.dailymail.co.uk/femail/article-14270297/I-tried-325-body-massage-Victoria-Beckham-loves.html

https://www.lookfantastic.com/c/brands/augustinus-bader/

Interesting bunch of people she took with her.

"David Schwimmer, chief executive of London Stock Exchange Group, is among a small number of City bosses who are accompanying chancellor Rachel Reeves, the Bank of England governor Andrew Bailey and FCA chief Nikhil Rathi on this weekend's visit to China."

Shein London listing?

Hype Hero - the shares are already undervalued for Ingenuity went private off a Non-dilutive placing.

THG missed a trick and this should all have been covered and explained fully in the Q's and A's that were asked to be submitted prior to the AGM and which were meant to be being published on the website.

The Ordinary shares post the Placing are less than they were Prior to the Placing, and low and behold Ingenuity has gine private with the £75M that was raised, for it to go private and everybody got the chance to elect. £100M valuation and 204,081,632 shares over there.

"Following the B Share Redesignation, the total number of Ordinary Shares in issue will be fewer than immediately prior to the B Share Redesignation, resulting in each Ordinary Share experiencing a proportionate increase in its percentage interest in RemainCo and also eliminating in excess of all of the dilution occasioned by the Fundraise.”

RevB probably 1 of the 11 new brands, as we know they went into 250 Boots stores in October.

https://www.retailgazette.co.uk/blog/2025/01/boots-q1-record/

Quite a few of the tabloid press all running the same story in the last 24 hours so there is probably some substance behind it.

So what comes next Mr Milliband? Could it be £2 Billion announced in Budget gets released to the 11 successful green hydrogen companies.

https://news.sky.com/story/britains-gas-storage-levels-concerningly-low-after-cold-snap-says-owner-of-british-gas-13286305

Steviescott, what's the wifi signal like up Macchu Picchu,

or in Venezuala?

Costly on the Cruise liners though that's for sure and given all that posting you did on here from pre-Christmas until now. (I now get that post the other day asking you how Venezuala was).

Fantasy poster probably pound a point spreadbet and whose probably never even been on a ferry across the Mersey. Rofl

Here's your line from the LSE bulletin board

""OVMK are the most positive investor out there".

Here's what google threw up when I was searching for the OVMK document. A post from advfn. "OVMK are one of the most positive investors out there for this tripe yet this is eye opening and shows just how bad its become so good luck folks with all ..."

That prompted me to ADVFN and here's part of the post from one_frankel today

"11/1/2025

10:29 OVMK are one of the most positive investors out there for this tripe yet this is eye opening and shows just how bad its become so good luck folks with all your believing here that it's only a matter of time this shambles of a company is off to the moon and beyond hehe!...

People can probably draw their own conclusions...

I'd post the link to the advfn post but the LSE would probably remove the post..

You can count can't you? and you do know that 2024 comes after 2023? and is more recent?

In June 2024 OVMK had changed their stance on the run up to the AGM and with Kelso and Oliver Cookson had openly stated that they were voting against the re-election of Lord Allen. Looks like just after having seen the demerger announcement on 10th October 24 they have decided to sell up and did so. That OVMK storage document is undated but also from 2024.

https://cosmeticsbusiness.com/top-thg-shareholder-joins-revolt-against-re-election

So this content in your post is incorrect. "OVMK are the most positive investor out there". Quite clearly they were not the most positive investor out there on THG.

I'm not ramping either. I am pointing out an II shareholder that was negative on THG and was just correcting the inaccuracy of your post.

Same inaccuracy btw as a google search revealed from one_frankel over on advfn when I was searching for the OVMK document. Here, I'll show you next.

THE AGM vote was in summer 2024. So you're comments are a year historic.

There change in stance was abundantly clear at the last AGM.

You can always pop up the public statement they made pre-AGM.

Yorek this poster Rock8 has more aliases than MI5 and MI6 put together and in all probability is also JanBros1978 who kindly pointed out OVMK's change in viewpoint and position.

Simply a trader who blows hot and old and fluctuates between some holding for a couple of days and then zero shareholding.

Posts as Hades1 on advfn. That's one of probably many usernames.

Will be interesting to see if OVMK have also exited at Kelso, albeit again they only had a minor holding and to be faor it was hedged across 4 companies.

"OVMK are the most positive investor out there"

What planet are you on!!

OVMK, along with Kelso and Oliver Cookson all came out vocally with public statements on why they were voting against the re-election of the Chairman, TGL. They were never in the THG inner circle for consultation.

Yet for some reason Kelso seem to have stayed invested, and partook in the placing with a 50% increase in their holding, and formed Selkirk Group at virtually the same time.

OVMK I suspect offloaded probably shortly after the demerger announcement and were possibly part behind the drop from 65p.

What with so many not following Moulding into Ingenuity and OVMK's exit you seriously have to think he, Matt, has ran out of road. Singularly he has been behind effectively all bids being blocked and no other CEO in the world would still be in position with such value destruction (and constancy of rants).

He seriously needs to do a Stelios and sit backseat and let someone else run the show. No problem paying for quality.

My interest is purely for what comes next. Him stepping into the background, New CEO and full review of the business, Next Capital event and who bags MyProtein predominantly (and Beauty).

Read whats written and work out who was the recipient of the £75M money's ultimately. Ingenuity or THG?

Had they not wished to allow all existing shareholders the opportunity to rollover, and hence create a temporary vehicle to enable the opportunity, then they could just have IPO'd Ingenuity at £100M with virtually the same net effect in the end.

As in fact they could do if they wished to IPO seperately MyProtein, MyVitamins, Lookfantastic, Cult Beauty, ESPA or indeed any other of the many brands they own.

I shan't reply to you again.

Is actually HydrogenOne's news. But clearly applicable to all who have interests in Germany and who in theory could avail themselves to the same large cash pools and to benefit from the mass of work that is coming with the German National Hydrogen Grid, effectively supplementing and replacing gas supply in Germany over the coming years

ITM itself having a 2nd base in Linden, Germany, and already having strong working relationships with RWE, Linde (16% shareholder in ITM) and having been co-parties with Sunfire on a project in Linden.

Links

https://www.lse.co.uk/rns/HGEN/sunfire-secures-8364200m-in-guaranteed-financing-fliv8s9r3wrw9j1.html

and

https://www.rwe.com/en/press/rwe-generation/2024-09-11-rwe-commissions-sunfire-and-bilfinger-to-build-third-electrolyserplant-for-geth2-nukleus/

and

https://www.cleanenergywire.org/news/hydrogen-start-flow-pipelines-germany-2025#:~:text=The%20core%20grid%20is%20set,will%20keep%20grid%20fees%20down.

You can also check the RNS tab above for the Contracts and Reservation of Capacity work that now seems to be accelerating ITM's way.

(Only natural that some short positions may open or add, but those shares provide liquidity in the market for others like todays 260k buyer)

09-Jan-25 15:08:35 40.2885 260,000 Buy* 104.75k O

Ryanf read what it says and if you still have a problem with it then I suggest you utilise your time better than posting on bulletin boards and type an email to Sue Farr or Matt Moulding. This is what is in the demerger literature said

""following payment of the Ingenuity Distribution, the Company intends for the new B Shares to be redesignated as Deferred 1 Shares and subsequently bought back by the Company and cancelled. Following the B Share Redesignation, the total number of Ordinary Shares in issue will be fewer than immediately prior to the B Share Redesignation, resulting in each Ordinary Share experiencing a proportionate increase in its percentage interest in RemainCo and also eliminating in excess of all of the dilution occasioned by the Fundraise."

GL and have a good evening.

Quiet all day moniman with hardly any selling.

Recovery in the FTSE 250 from yesterday on most shares.

New anonymous 5% holder RNS,

Price held and then about 1 million shares algo trade shares in quick succession and a 50% increase in volume rinsed through in the last 15 minutes (Do check).

At what is still 10% under the price of a NON_DILUTIVE placing

And with 200 Million shares less in circulation @THG Remainco post demerger.

And what do we get.

UT - Up 0.09% and with another 1 million as we speak put through in 2 trades. (Yes I do know what the uncrossing trade is - a matched buy and sell).

09-Jan-25 16:40:08 44.284 268,096 Buy* 44.22 44.40 118.72k O

09-Jan-25 16:35:09 44.32 840,260 Buy* 44.22 44.40 372.40k UT

Probably more to come.

Most undervalued and most obvious bid candidate on the whole of the LSE atm,

We're all Celebrities, Bid and Get us out of here.

Enjoy your evenings.

Closed period is >2 weeks.

Wasn't Matt Moulding.