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Amen brother Pmh198, amen. I am trying my best to be optimistic but common sense, experience and a whole bunch of things suggest the results will be at best another step sideways. Lets I am as wrong as wrong can be
Baz to suggest Crane is better hire than Vivek is b*ll*x.
Vivek is an outstanding technologist and Ingenuity is all about the tech. I don't know why Ingenuity has not landed more large clients but Vivek is a notable loss to the Ingenuity division.
There is clearly something wrong or missing from Ingenuity's go to market proposition and that was evidenced by Moulding's failure to get Mike Ashley to continue to use Ingenuity when he sold Pro Bike Kit to Ashley. If Crane can sort that out and actually win a few profitable long term contracts then he will deserve some praise but right now the jury is out
I think the inter dependency doesn't makes separate listings any easier to do. By inter dependency I mean the fact that nutrition and beauty are Ingenuity biggest "customer's" or that Moulding owns a number of the warehouses and receives a large rent per annum for them or that there is a dependency between Moulding and a good number of the major shareholders (the reasons for which I have no idea). In summary it's a bit more complicated than the majority of listed companies and if I had undertaken another level of research I would have become aware of this and invested my £63k in something better but for once I let my guard down and I am paying the price for my mistake.
Onward and hopefully upwards.
Ps it's pleasing to see there currently appears to be a floor at 60p
I have far too many and as a result I am overweight to the tune of ten of thousands too many shares. I made a bad decision to buy and made the same mistake twice again so more fool me.
And if I come across as angry then I need to put that into context. I'm not angry at losing money on investmentd, that's part and parcel of investing and I have been at this a good while.
What I am angry at is the sheer pig headed arrogance of Moulding and utter disdain Moulding has for private investors, as if he always knows best, like he is some super star CEO when is the complete opposite. He is fffing useless, a charlatan more interested in his image and sucking up to the Gary Neville's of this world than looking after his private shareholders.
YIAB your entitled to your opinion but remember this.
There is not a CEO of any UK listed business that in percentage term, has destroyed shareholder value to the degree that Moulding and has and then remained in charge of the business. Decent people resign, some are "managed" out and the majority are forced out.
I would love to know just what Moulding says or does to keep the larger shareholders on side because I have zero confidence in him as a CEO. I think he is simply the worst and the dramatic fall in shareholder value suggests I am right to say he is the worst CEO of any UK listed company
That's nothing more than wishful thinking - have a look at the major shareholders, then look at their relationship with Moulding and then length of their relationship and you will understand just how difficult it would be to take the business away from Moulding. The failed Apollo talks have made that clear to a very wide audience and that in part has depressed the SP.
Yesman you make your points well. Fwiw I think he was a talented and passionate technologist and I think Moulding should have found a way to retain him in one capacity or another because as sure as day turns to night he will pop up somewhere and he will take a lot of the very best people with him. That's how it works, that's how it's always worked, I know I've been there more than once.
Well that would be a first because so far the very controlling Mr Moulding has managed to silence a chairman with a much more illustrious and powerful background so I imagine Mr Crane will be to fit in, do as he's told or he will be gone.
And its not the job of a CTO or divisional CEO to identify and win over new clients big or small. Thats exclusively the responsibility of whoever heads up Ingenuity sales team, the others key members merely have supporting roles
Novice I agree 100%. Iain Mc is on the board because it suits both parties not because he is some e-commerce master mind. Quite what strategic or operational value he actually adds to business is a moot point
I have told myself more than once not to bite but your all consuming praise (ramping) of THG needs to be challenged.
What is point of having a large following if your content (adverts) are as rubbish as the Ingenuity one was ?
ps if you thought the Ingenuity advert I saw was anything other than bland and instantly forgettable then don't give up your day job for one in the creative sector :-)
My experience allows me to say that's actually a poor advert which is ironic given its all encompassing ecommerce message. Maybe the poor Ingenuity messaging is in a small way symptomatic of why Ingenuity has not won the business required to justify its investment.
ps if you think I am wrong that's fine by me but ask yourself this question. What was the primary message that video was communicating and what were USPs or "hooks" in the messaging that linked to the primary message that would want to make you as a big business reach out and get in touch with the Ingenuity team ?
I've been hit a few times today on YouTube with their latest adverts, I'm not quite sure the YT algorithms' are working optimally because the YT videos I was watching were for sports at the more passive end of the sports spectrum