Member Info for onsolidground

It is for the next ITM update

Plenty recent information out there and in the public domain, and that's prompted 6 Directors to all buy the shares within 1 day of each other so switching off here until then.

Rock, it equates to effectively just under £1Million quid in buying and selling and market making tick ups so it's not heavy.

My point is that there are no Big Institutions lapping up the stock.

Needs to get 75% in the vote which percentage wise it got nowhere near on the Placing and you had some key abstentions from supporting it.

It's the drop in the year end cashflow estimates that is causing the dip

Other than that I read it as a mixed bag.

It's nice to see it having ticked up but there isn't any massive volume behind it so it's traders off the table for now.

Decision to make on the others.

The matched bargain facility.

Probably the best of the bunch.

Will it get there or won't it, given the key holders who didn't participate in the Placing.

"General Meeting and Resolution

The General Meeting will be held at 12 noon on 27 December 2024 at the offices of Clifford

Chance LLP, 10 Upper Bank Street, London E14 5JJ. The Notice of General Meeting is set out in

Part VI of this document on pages 37 to 41.

The Resolution to approve the B Share Redesignation and the Ingenuity Distribution will be

proposed as a special resolution requiring a majority of not less than 75 per cent. of the votes

cast.

Please note that no presentations on the Company's business will be given at the General Meeting

and no refreshments will be available."

"In order to ensure that 100 per cent. of the Ingenuity Shares held by the Company will be

distributed to Ordinary Shareholders who have elected to participate in the B Share

Redesignation and Ingenuity Distribution, Matthew Moulding has undertaken to elect for (and in

relation to his indirect holding of Ordinary Shares through his interest in FIC Shareco Limited, to

procure the election of) more than his Guaranteed Entitlement of Ingenuity Shares. In the event

that Matthew Moulding is, subject to the outcome of all Shareholder elections, allocated more

than his Guaranteed Entitlement of Ingenuity Shares, he would experience a proportionate

reduction in his holding of Ordinary Shares."

Was thinking the exact same. Would prefer them to explore other options than overpay. DL has had it's problems over the years.

https://www.reuters.com/markets/deals/insurer-direct-line-rejects-avivas-416-billion-takeover-bid-2024-11-27/

You can't go through an airport and travel on a flight without the basic needs of requiring to eat, drink and take a pi ##.

Mike Ashley / Frasers have stakes in Currys and AO.com so he will np doubt be eyeing up a deal of sorts.

dyor

"Of course it won't have hurt Peel Hunt's chances getting this gig being one of the few City firms to say nice things about THG. We at least know those soothing words must have at least boosted a certain ego from sheer number of times he quoted them on Linkedin."

Probably also being one of the few firms willing to travel to Manchester to conduct the research but for some strange reason the Board seem happy to see THG Ingenuity taken private for a mere fraction of the numbers Peel Hunt quoted in their report.

Really surprised that nobody has queried this, or perhaps they have and that's why have the delay and some large shareholders were not interested in participating.

Jeff count back on the amount of time and number of posts you have spent replying to non invested and multi-id trolls and perhaps consider cutting the oxygen supply that they require.

Everybody can read the RNS's and the Linkedin posts, then there's the German National Green Hydrogen Grid announcement, UK £2 Billion funding for 11 Green Hydrogen projects, Recruitment going on for key positions in Germany x 10 and know they have an abundance of cash, so are happy to wait for the next update and what's coming in the not too distant future. The 6 Directors all buying after the German and UK news.

That's actually the 2nd company in 2 days.

I-Nexus announced they were delisting from Aim only yesterday as their share price wasn't reflective of company progress and they openly stated the reasons and one was that they save approx £250k in doing so. IPO'd at 55p it fell to 0.8p yesterday, although it recovered a bit yesterday and slightly today. By comparison the alternative matched bargain platform that they are listing on costs circa only £10k, and you don't have all the management time put into quarterly updates and analysts meetings and webcasts.

Or probably what is closer to the truth in of all of this - is that there is virtually no regulation or enforcement of wrongdoing . By comparison in the square mile and under a matched bargain environment it is virtually impossible to "short" or spreadbet shares.

That is now nearly 100 companies that have delisted this year alone and despite 3 years of talking and delay to change the rules, and despite those said new rules coming into play only a few months back companies are still electing to delist.

Yet didn't the lady in charge of the LSE get a Damehood for her services and didn't I just read the other day that the head of the FCA may be vying for the role of Chief Secretary to the Treasury or a Bank of England key role at some point in the not too distant future.

All imvho and have a good evening.

Actually thought it might be MM stepping through that sliding door.

Then saw the title and thought they've only gone and appointed Numis as corporate brokers.

That's how strange the world of THG can be...

I also didn't see Iain Mac this time making any comments either. Has there been a difference of opinion and has he left the building and THG employ?

Nor did I happen to see any comments off Sue Farr this time sround.

Mr Mouldings Linkedin postings are now as interesting not for what they say but imvho for the attendant circumstances that surround them.

Firstly there seems to have been a definite tailing off in the number of replies he is now getting to his posts, and yes some of the same faces always seem to post in reply, but secondly it seems amusing that a close protection security officer is now adding comments to his Linkedin posts. Do I take it that's his security detail?

Is it also worth just pointing out that a Linkedin post which is essentially a Private family sale then seems to have had an inordinate amount of time spent viewing, posting replies and ticking up all the ones that are liked, from MM's account. If this has been MM himself, or even if it is Investor Relations then is that good use of THG worktime, and what the CEO should be doing on the immediate run up to the key event of the year in the online calender, Black Friday - CyberMonday? Is it also a lead, and an example that all THG employees should be aspiring to follow?

It's great that he, wife and family have probably profited well from the sale but I think many would be more comfortable if at this time the energies were directed to actually making some money for THG and it's beleaguered shareholders.

What do others think?

I'm actually just worried Oxford Bull how much this sale now sets us back in terms of time and how much additional cost will be added to the demerger from the split. The corporate legals and the like will be charging £500 per hour and upwards just if the thought enters their head on the bus, train or tube in the way into work. They already spent £15 Million previously on the seperation agenda so how much more is Remainco going to get lumbered with and will MM pay out of his own pocket to meet any differential expenses? That would be the decent thing to do.

Donparky if you follow this share long enough then you learn not to follow any of MM's one line comments until you see . them in writing and happening.

Not that long back we had an article published the night before poor results saying they were considering a USA , then in the analysts meeting he didn't ispel this and said all 3 of divisions were split and US ready and accounting compliant, and at a cost of something like £15 Million for the seperation agenda.

The reality thus far instead has turned out to be this.

THG Ingenuity is getting taken private for only £25 Million pounds and with the £75 million it raised in a placing on top. Furthermore you have a CEO who in recent interviews says he rarely travels and chooses home for dinner over business travel

Yesterdays share price rise off what looked like MM profiting from a private family sale of the land and property at THG HQ more than ever convinced me that the share price just gets played off hedge funds and bulletin board noise, as there was not one dime in it for THG. In fact this sale by MM will now probably have to be fully disclosed in the circular and could have been part of the delay. Who owns the leases and contract the contract terms with THG Remainco are an important part of THG Ingenuity going forward don't you think.

Or it was market makers collecting stock and filling a buy order and doing so in the auction, and putting the trade through outside normal market hours.

Demand for 16.5 million shares during normal trading hours when you are trading less than 1/5th of that in a market day would have easily moved the price up several points.

The way I see it is that somebody was there in the background quite happy to pick up 16.5 Million shares.

In any case all the falls of last week seem to be reversing and quickly, especially across the pond.

If we went down with, then we should go back up with also.

Bring on the update and we can set the record straight.

That is the largest Uncrossing Trade I have witnessed and it is virtually 5.5 times the number of shares that were transacted in a full 8.5 hours of the market being open today.

It could be Linde adding to their 100 Million or 16.2% holding, or could be someone else buying shares.

I did say earlier ITM Power is about due it's own 10% to 15% days.

Might be sooner than we think.