RE: Another ST article by Oliver Shah30 Jan 2022 04:05
Thanks for sharing the article
My observations:
1/ very very little on whitehead share sales (in this article or press in general ) proves to be non event and unfortunately for Steve W a margin call (if the press felt they could drag this into internal crisis at thg etc they would. The fact they have t is good)
2/ shah won’t let this go- but any negative he puts in his article are being addressed by board or MM
3/ they always quote Ex employees - we have all been ex employees of some business. By definition thr act of leaving a company will make you more negative towards it (it’s a human instinct to ensure you validate your choice and do not look back with regret. Therefore Shah shows his usual bias by quoting ex employees
3/ talk of going private - wiganwarrior asked why. Simple- company is massively undervalued and even at £3 per share to go private, they would have a company that has added many new M&A, has cleared pre ipo debts and which has benefitted from £2bn plus in funds since ipo. Given MM and friends own circa 50%, it’s a no brainer and private equity partner would not be hard to find (remember money esp Us money is still at all time cheap levels). They could then relist in US for easy gains in a couple of years. I think the only thing blocking this is the SoftBank option so I assume thg are pushing for a yes/no, and yes would mean keep ingenuity publicly listed and spin of beauty and maybe nutrition and no would be probs still spin off beauty and then ingenuity goes private (all IMO)
In summary, there are options and £1.26 a share is ridiculous for a £2.2pm revenue / £165m ebitda profit and growing +25% in 2022 company
With shorts reducing now, governance improving, surely short to mid term this will go north significantly
Sign In
Follow the stocks
