Member Info for ViciousHippo

US stocks are highly valued where the companies are exceptional. Would you rather pay a lot for an exceptiional company that grows 20% a year or a little for a mediocre company that stagnates...

Which is why I've stopped wasting my money in the UK and just invest in the US now. Most of my UK stocks are down and most of my US stocks are up.

Having said that THG still stands out!

Buy if it gets to 27p. Otherwise just wait and see if they can actually grow sales organically

31p retest

I meant is that everyone else's experience too - ie you got your full allocation of Ingenuity?

I requested a 30% allocation of Ingenuity shares. Currently my HL account is suggesting I have got my full requested allocation. Is that everyone else's understanding?

@Poker - that makes sense. It says that Ingenuity shareholders must do the transfer. I believe HL will be nominee shareholder, so I would assume they will have to do the transfer into escrow. But it is possible that we get issued the Ingenuity shares personally I suppose.

I apologise if this has been covered elsewhere, but I was wondering if anyone can explain iin plain English what this means?

An Ingenuity Shareholder who has received Ingenuity Shares (ISIN: GB00BR4ZLS43) in uncertificated form ... is required to transfer those uncertificated Ingenuity Shares into escrow with Equiniti Limited ("EQ") by making a CREST Transfer to Escrow ("TTE") instruction to CREST Participant ID: RA11 and CREST Member Account ID: EQESCROW (the "Escrow Details").

I am with HL - will HL do this for me?

This looks like a break out from a 10 year downward trend. The measured move up could be to £3.50 by 2027ish. We shall see what transpires.

I think the share price direction after the deadline has passed will give an indication if the way the market values the two parts. If the price goes up after the 19th, I suggest that means the market believes in a stronger remainco without ingenuity, if the price goes down it may mean the value in the shares is diminished without the chance to get ingenuity shares

Well I've no idea if Ingenuity will crash and burn or goto IPO in 5 years at 20X. It's a punt. I'm erring on the 20X by a tiny bit, so elected for 30% Ingenuity. Not very scientific I know. But you have to push that button one way or another at some point...

Evraz NA is not sanctioned by the US

Note - the vote you describe on HL is not the same as the election. The vote is for the general meeting only, not the election in respect of your shares, whoich is not available anywhere on HL, as far as I can see.

MWelsh - that vote is for the general meeting, it's not the election.

Personally I invested in THG on the back of the potential for ingenuity, not the retail bit. I am not convinced by the performance of beauty and nutrition that they have a good enough management team to grow. So I am minded to take as many ingenuity shares as I can get. But I also know it's a high risk. It's called being between a rock and a hard place.

I should have just invested in the US market... lesson learned

I understand the election needs be made by 19 December at 1pm. The circular states

Shareholders wishing to make an election to participate in the Demerger by way of the B Share

Redesignation and Ingenuity Distribution should complete and return the Form of Election or

make an election through CREST.

I am holding my shares with Hargreaves Lansdown and there is no sign of a corporate action button in order to make the election. Has anyone's broker provided this option yet? Has anyone spoke to HL about whether they will provide this?

In the absence of the brokers providing this option, you can send the form in, however you wont have the share certificate number to complete the form and they will be uable to process the form I would have thought.

Shareholders can vote out directors Stanley. That is what the Companies Act allows for. If directors do not conduct their business for the benefit of the company and its shareholders, then they are in breach of their fiduciary duties and shareholders can sue them personally.

Pedro - you said you would talk to Bushytailed in 6 months time after he called us the clown club...

OhhAhh. Thanks for the explanation that makes sense. To follow up Lordeh's concern that this is not a straight forward merger, this explanatiion says to me it is straighforward, just with an option for shareholders to choose which side they want to favour. Depending on that choice will determine the final shares in issue in each part. That is consistent with the reasoning behind demerger legislation - to allow exisitng shareholders who disagree to split a group of companies into two parts.

Note the valuation of Ingenuity is decreasing in tandem with the share price. The Ingenuity value will be adjusted to be the same proportion of the value of the company as it was at the time of the placement. So if the shares decline 20%, so does the vlaue placed on Ingenuity.

If you think Ingenuity is valued too low, just opt for more shares in Ingenuity on the demerger.

OohAah - as far as I know, in order to cancel shares they must be held in Treasury (eg after a buyback). I just had a quick scan of the circulars and I cant see anything about shares being cancelled. If you know where this is mentioned, I'd be interested to understand what they are doing...