Exactly a placing at almost year low..horror show. Make it easy for ‘new’ investors LTH’s screwed over..don’t worry crafty and mates will be saying how great this is in 5 days when the Sp has tanked another 10%..prats
Just another on the TU ..we were told that the YOY decline in nutrition was 10.9%…one month later this decline has ballooned to13.1% but were told it’s back to growth..he’s such a smoke and mirrors prat.
Sub 50..the price action over the last few weeks tells you that ..insiders selling off knowing they can buy lower when the placing news was announced. Equity value of 100m with £1billion spent on it, couldn’t make it up really..and remainco picks up all the debt..MM has played a blinder, the city knew he was disingenuous and this has been proven 100% correct.
Christ look at them myprotein numbers..we are now at negative 13% YOY..demerger funded by LTH’s via a placing..you couldn’t make this up really. MM should be handcuffs..£75m to fund short term liquidity..if they go pop and they are THG PlC main distributors..it’s a complete horror show and MM has stitched everyone up. Year low tomorrow, could even go sub 40p..what’s the plan for the debt that ingenuity has generated..we could end up in a position where ingenuity buys THG plc for £1! You couldn’t make this up really.
And a small short increase..well done again Matt on the H1 update and kicking the premium listing into the long grass and absolutely no detail about the demerger..20% down..Christ.
There is not a cat in hells chance we are getting 70p a share for ingenuity..wake up. This whole thing of him saying that Apollo valued it at x amount was Matt and his smoke and mirrors tactics…he never said what the actual bid value was for the company? I could value a company at 100 billion but if I was going to have to pick up 100 billion worth of debt I’d be paying shareholders a big fat zero. This is the problem, Matt is disingenuous, wooly, deliberately vague, smoke and mirrors etc..nobody trusts him in the city and the sooner this whole saga comes to an end the better for everyone. The cash spend is hideous and the debt increasing is a massive problem for shareholders..£100m in 1 year net debt increase with nutrition and beauty being cash generative..it’s absurd..he must be spunking £150-£200m on it per year.
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