RE: Jeffies BUY 75p …. £1.3511 Feb 2025 08:59
Okehurst...I said it this long before Jefferies and Barclays decided to jump on the bandwagon.... " Oke..everyone thinks that MM the Chairman and the BOD got their people to manipulate the SP to get Ingenuity away at 49p and then bank millions of cheap shares for themselves. Hopefully MA Frasers Group and others will gate crash the party, even if he has to pay 60, 70 or 80p it's still only values THG RemainCo at considerably less than 1x annual turnover. The big financial drag and capex has gone with Ingenuity. Capex slashed from £100 million down to £20 million, leases down by about 90% and staff numbers down by about 80%..potential £30 million VAT refund. Good chance of a reasonable amount of FCF this financial tax year. JMO Adyor!"