Member Info for The.Italian

Very interesting(and encouraging)article, dafad. thanks.

Very interesting posts, PG, as always.thanks.

Afternoon albert.hope you are well. yes the wait goes on,but i imagine we must be nearing a resolution.

Https://www.hl.co.uk/news/2023/9/26/britain-grapples-for-agreement-over-listing-rules-overhaul?utm_campaign=Newsroom&utm_source=AdobeCampaign&utm_medium=email&theSource=EONRM&e_cti=5453267&e_ct=T&Override=1&deliveryName=DM123930 i expect many have seen this already.not sure it is anything new but i note the reference to a decision by the end of the year.

No developments from HL for me either. ive not bothered to chase them up as i imagine they will let me know when something has been decided and the reality is that i am entirely in their hands to sort this out as best they can.

Good point,Darky. he doesn't make any reference to the precise period and as you say, if it went up to just before the broadcast, then the profit would be that much more in the period up to 30th june. personally,I've never tried to calculate any figures for profit per sale, as imo there are just too many unknown factors to make it a worthwhile exercise, but glad that you have corrected my previous misconception. quite agree that the profit margin is best kept confidential. there are many more deals to be done!

Also perfectly possible that some who were in in the very early days (dec2019 ) and have held on till now, are deciding to lock in their profits now to safeguard their positions. personally not remotely worried. L/O need an exit strategy and it's not going to be by selling down in lots over the next 12 months etc. they need a capital event. just my opinion of course.

Darky, it is in this interviewhttps://ca.finance.yahoo.com/news/futura-medical-track-profit-2025-152030201.html may also be mentioned elsewhere,but i haven't checked.

Perhaps it increases chance of a hostile? this is the outcome which is starting to seem me most likely,but i accept that the size of moulding's personal holding and those of his very close affiliates may pose significant obstacles.

Towit towoo. lol

Afternoon bignose.yep,fair comments.just have to wit and see(as usual!)

OAC,i agree that this does make the situation more complex than i previously thought. absent some other capital event, as to which we can only speculate,i do think the premium listing(which although still some way down the line,will imo,eventually happen through merger of the listing types) will provide a significant boost to the s/p from whatever level it is at at that point.so i see it as providing some sort of safety net whilst we await the capital event or perhaps a rerating through improved trading figures.we shall see.

Dougie, they are aiming to submit chinese NDA by end of q3 and i'm sure they will announce it if it happens (well fairly sure!).whether it will happen by then is, of course, another question.

Thanks again,ohhahhcantona.ive also looked at the provisions of the articles re D shares and the conversion process is very simple, no pre-conditions and simple notice to the company to convert. no idea about tax issues,but from the legal and administrative perspective there do not seem to be any barriers.

Oh ah cantona,just read your reply. thanks very much. will check the notes this morning. appreciate the response.

Oacantona,interested in your reference to moulding being able to convert the non-voting shares into voting ones.what is the mechanist by which this could be achieved? is this something that can be done in accordance with a condition attaching to the same imposed at IPO? apologies if this is something already well known on here, but i haven't seen it mentioned before and i was not invested at, or shortly after, ipo.

Evening bignose. yes, it looked a little odd,but perhaps nothing more than a rather extreme example of the volatility we have seen at other times since the consolidation despite low volume. who knows! will we get news of chinese NDA submission this month i wonder?

I have no wish to put off those wishing to email THG's ir dept, but i strongly suspect that it is pretty much a waste of time. only generic bromides will be offered in response, if anything. the IR department's mindset will be totally aligned with moulding's personal narrative and nothing will change imo as a result of attempted PI pressure. however, there may be more mileage in expressing concerns to kelso,where the mindset is aligned broadly with pi sentiment for change.not impossible that kelso might see some merit in publicly referencing the level of PI dissatisfaction they have encountered,something which THG itself will never do.just my thoughts.

Thanks for that desertsands.personally i find it highly relevant, in that it is a forceful example of an activist investor taking proactive action.i appreciate that in elementis's case the investor has a much larger holding than kelso,but the same principles apply imo,almost regardless of the size of holding.publickly quoted companies do not like this sort of publicity and endeavour to avoid it if at all possible.so far kelso have taken a very restrained approach(their last statement was a tad more forthright),and well short of the elementis example. however, absent some significantly beneficial capital event, i fully expect kelso to continue with their public campaign and to increase the robustness of their statements over time..even at only 1% or so, the fact that they are putting these thoughts into the public realm,will both increase pressure on moulding(which probably won't in itself make any difference) and much more importantly will encourage and embolden other investor to voice similar concerns,albeit initially in confidence,but probably,as levels of dissatisfaction grow, in a more public way.we talked yesterday about levels of shareholdings required for a t/o and yes,technically 51%could achieve a hostile,but in reality most predators are going to want at least 75%, so when cracks in moulding's perceived 65% backing start to appear, they will be emboldened. i see kelso as the small chisel being inserted in the first fissure in that backing. all imo of course.

Found this todayhttps://www.eurekalert.org/news-releases/1001931 so it is an improved version of the current version.from the eureka description it does sound quite professional,but then that is probably just what i want to think.anyway i will have a look at the presentation if i can in due course.