Member Info for wakeyinvestor

0.9p share price target from Panmore, a potential 10 bagger from where we are. That gives cause for a lot of patience

Sj, this is one of the unknowns at this stage I think because it comes down to finalising the valuation of both Ingenuity and RemainCo which can’t be done until immediately prior to the demerger date

Oxford, the cash generated in RemainCo will continue to service debt and also pay dividends given that it will no longer finance Ingenuity cap-ex spend. I agree that MMs pet project is Ingenuity which is why I will hold shares in it post demerger as I believe he will make this a huge success in future years. Overall I think that shareholders will thrive whether they hold only RemainCo shares, Ingenuity shares or a combination thereof, but as LTHs not as traders. For info, prior to yesterday my overall average was 1.25p so I’m not in the position of someone who invested at the time of the listing 4 years ago and wasn’t able to average down since. Many will disagree, but I’m an admirer of MM both as an entrepreneur and how he behaves as an individual in his life (family man from humble beginnings) and as an employer/ business leader.

I’m going RemainCo only in my SIPP (if I die I don’t want my pension trustees to have the complication of dealing with an unlisted company), going Ingenuity only in my Dealing A/c. I bought some today in my ISA which I’m hoping to sell at a good profit before the next 8 weeks are up, but if not I’ll go prorata on RemainCo and Ingenuity and then get my broker to transfer the Ingenuity shares to my Dealing A/c if they become ISA non compliant. This thinking is subject to change as I can be a bit indecisive too 😂

Having read many posts from PIs over the last 24 hours there is a display of a complete lack of knowledge or understanding of how demergers work. Some posters have asked for a simple explanation of last evening RNSs, either they are lazy or a bit Tim (nice but dim). The demerger is what many have been crying out for (not least Kelso) to generate shareholder value via sum of the parts; yet no positive reaction to the SP. The Q3 results were OK, the placing at 49p was to create a sub 15% increase in the share capital (creating medium term funding for Ingenuity so that it isn’t subsidised by Beauty etc) meaning going forward RemainCo will be able to pay dividends (which pension funds will love) and value will also be added from March 2025 when passive tracker funds will buy once THG is in a main FTSE index. MM and Co obviously see lots of future growth in Ingenuity and are OK mopping up shares for this (IMO they are craving it). Private Investors will be given a choice of what they want re a RemainCo / Ingenuity mix (haha, always unwise to give choices to indecisive people). Hopefully there will be more clarity over the next 8 weeks. Unfortunately, because time is being taken to mull it over, I think the shorters will be able to manage their position on an orderly exit and not get hammered on a short squeeze.

Ingenuity is funded for the medium term and will be developed further as a private company. Once it goes cash neutral (say in next 3 years) it might be listed again. If so, don’t expect it to list on the LSE as MM will not want to have to deal with the City *ankers all over again, and Poppy Gustafson isn’t going to change that. I will take Ingenuity shares and enjoy the ride when I expect a future Nasdaq listing, which is what MM should (by his own admission) have done in the first place. This demerger allows that past mistake to be corrected.

LD1973, subject to further info, I’m taking all RemainCo shares (Beauty and Nutrition) in my SIPP (even though I think a SIPP can hold unlisted shares) and all Ingenuity shares in my Dealing A/c .

This is great news, looking forward to the short squeeze once placing out of the way. Although Ingenuity will be a private company I suspect the idea is to continue to grow this business away from public eyes and then when the timing is right seek a listing on Nasdaq (not the LSE). MM gets to (a) punish the short sellers and (b) correct the mistake when THG was listed on the LSE 4 years ago. Even if the placing price is at a discount, it is the key now that unlocks the value later. Great news and the future is looking good as far as I can see. If you hold shares in an ISA (thankfully I don’t) you won’t be able to hold Ingenuity shares in the ISA (unless rules change on 30 October in Budget).

AP cannot issue an RNS like that if there is no substance to it. A cash compensation amount was most likely outcome given the sensitivity over the release of diamonds.

If (as several cynics suggest) this is a ploy to inflate the SP so that it can facilitate a 0.1p placing, there is a high risk of this backfiring and placees getting stung, so I’m not convinced he would get a 0.1p placing done, they’d want a bigger discount, which they can’t have without a share reorganisation etc that itself needs an EGM and if it’s all doom and gloom there isn’t time for that.

Therefore on this occasion I am more optimistic than I otherwise would be, and the mysterious Mr Jones appears to be too

Great potential upside from here, but patience needed. Just added 550,000 at 0.2107p but shown as a sale!!!! The 5m shares sold at 11.15.11 at 0.2026p i assume were placees shares?

Meant cash more than double the current MCap (not SP)…. Duh!

LovableLomax, I don’t think he can answer that without an RNS first. I’ll catch up on the presentation later but I assume there was an absence of the expected jam and perhaps the P&D isn’t likely to happen either. Ah well, I bought yesterday at 0.2904p, May as well hold for now as surely we’ve reached rock bottom on the SP. Actually a MVL would be fine with me as the cash balance may be more than double the current SP meaning a good return minus those greedy liquidators fees

LOTM. I think you can submit questions on the Investor Meet Company website itself by going to the Mirriad meeting. Great questions BTW and hopefully you /we will be given comprehensible and clear responses. I’m optimistic as they wouldn’t do this presentation just to confirm how rubbish things are to date.

I think the presentation tomorrow will be an attempt to put a positive spin on things, which they are probably having to do because of the dire position of the SP. Personally I think this is now oversold but then again where are the future revenue streams actually coming from (specifically)? The SP needs a boost that the placees (1.25p) can sell into and limit the damage - cynical eh?

I don’t think they’ll ever get the diamonds, they can’t fund the legal fees. This will drag on and the best we’ll get is a settlement payment amounting to a lot less than the diamonds are worth. That’s the risk of operating in a country like Zimbabwe.

Latino, that's because it is a Clarification RNS and nothing needs to be clarified re the Swiss investor from yesterday's RNS. Good effort though.

InvestAce, if you’re not a shareholder what’s your motive? Haven’t you got anything better to do with your time?

InvestAce, no negative and barrage of postings. If you’re a shareholder and you believe what you say, then sell while you can and invest elsewhere. If you’re not a shareholder why are you here?

As noted in today’s RNS the short term funding should come from the proceeds of the Second Agreement. If this happens (it’s not a difficult job and it’s purpose is for a short term cash flow fix) there will be no need for a consolidation / placing (I’m sure AP is desperate to avoid this given it is so soon since the last one) and the debt refinance is a can that has been kicked down the road. This is definitely squeaky bum time but the fat lady is not yet warming up, never mind singing. AP needs to buy time and that’s what his many efforts are doing.

Those that participated in the May 2024 placing (1.25p) that did not forward sell and are still holding are in a dire position (obvs). There will be a good time to but at these low prices but I’m not sure the time is now - this could have even further to drop IMO