RE: What kind of demerger5 Oct 2024 20:12
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.