Member Info for win4call

Interesting that this was included in the report :

Due to the Company's share-price concerns, the perceived current lack of liquidity, the cost of capital and ongoing listing costs; concerns which are shared by many listed companies of various sizes, the Board is undertaking a strategic review on how to improve shareholder value. The results of this review will be communicated to shareholders in due course.

We’ve seen a number of companies delist this year for similar reasons. This could go the same way potentially.

The 10p warrants are pretty much meaningless. WSG have issued warrants many time over the years and they’ve hardly ever been taken up as they’re never in the money. Just a gimmick.

Sad to see,and you’ve probably done the right thing. The BOD that steadied the ship to bring it out of suspension looked like they could have got this moving again, but sadly BOO scuppered that and demonstrated the Midas touch they have where everything turns to 5 H1 t where they are involved. Think this could be a slow tedious exit from the market here.

Turned on now - let’s get this back down !

Similarly quiet on here today ? Maybe the office is shut.

N82 - very interesting observation, I don’t think I’ve seen that before where all trades are O trades for such a long period of time with no BOT interference. Is the SP so stagnant that they don’t need to kick in to hold it in range or has someone forgot to click play.

I have another heavily BOT controlled stock that is also pretty quiet on that front today. Maybe a slow day generally?

Low volume with Bots controlling this on a day to day basis. Typical UK market stock that is manipulated in a range until results at the end of the month.

‘Those who have been here for years remember the dark winter of 2022.’

We also weren’t expecting to be heading in to another dark winter 2 years later.

Let’s hope so !

It’ll never happen. Both companies are very much Matts and he’ll look to continue controlling both, whatever his involvement and whether they are private or listed.

Thanks Cong - makes sense, I think.

The SP is being controlled to move this way, rather than to go up. Trying to determine whose interest it would be and how this affects PI’s is the question.

Thought there might be more of a bounce back after the large drop last month.

Trying to decide whether to take a position here. Have they started to turn a corner yet ? Feel like the drop here is now overdone and it would take some really bad results for it to go further.

Cong - I think it does matter what happens to the price as that affects the THG market cap and therefore the value of Ingenuity and ultimately the distribution calculation, though not sure who benefits most.

However, in determining the definitive Valuation, the Board anticipates also taking into account fluctuations in the market capitalisation of THG such that if, at the latest practicable date prior to the publication of the Demerger Circular, the market capitalisation of THG is:

· equal to or greater than the market capitalisation of THG at the time of completion of the Fundraise (calculated by reference to the number of THG shares in issue following the Fundraise multiplied by the Placing Price) (the "Post Placing Market Cap"), then the Valuation to be used in establishing the entitlement of THG shareholders to elect to receive their respective pro rata entitlements to shares in IngenuityCo in connection with the Demerger would be expected to be £100m; or

· less than the Post Placing Market Cap, then the Valuation to be used in establishing the entitlement of THG shareholders to elect to receive their respective pro rata entitlements to shares in IngenuityCo in connection with the Demerger would be expected to be reduced from £100m proportionately to the percentage by which the Post Placing Market Cap has declined. Further details of the terms, structure and timing of the Demerger shall be set out in the Demerger Circular to be published and sent to THG shareholders as referred to above.

So if this continued to fall and ended up 25% down then Ingenuity is valued at £75m - ie. the amount just handed over. Even Dick Turpin wore a mask !

Wrong board, clearly.

I expect another couple of percent decline again today.

Absolutely

Moulding won’t let go of either Ingenuity or remaining business. Even if there’s a separate CEO and Chairman it will still be his business. He’s not going to let someone else come in and take it off him whatever the price.

Looks like this morning thread just been taken down

Da - far

At this stage I am da from convinced that there will be any post merger rerate. Everything Moulding has done over the last couple of years has failed to have the expected positive impact on the SP and the only time this has seen positive movement was when the bids were announced. I still think Moulding wants to get the whole lot off from the London markets and taking Ingenuity private may just be the start of it. PI’s will stay invested, anticipating the rerate from this demerger, or the index move etc. but who knows what Moulding will be plotting behind the scenes.