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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Intuitive Investments Group Plc | IIG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 121.50 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 121.50 | 121.50 | 121.50 | 121.50 | 121.50 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
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Posted at 17/1/2025 11:15 by jaknife NXC,"JakNife - can you please define what you mean by your phrase China Scam. Knowing the people involved they must be away speaking with their libel lawyers! The business is not without risk but scam it is not." The whole thing is a scam designed to part mug punters from their cash. In this instance they are pretending that the company is worth hundreds of millions when, in reality, there is no material substance to the lottery business - in reality the lottery business is worth less than a girl-guide bake stall. And part of that scam is to pay people like Progressive to publish happy clappy investment reports. What is the current revenue of Hui10? EBITDA? NAV? Profits? What was last year's numbers? The year before? You have been given no numbers and are entirely reliant on the director valuation which, in turn, is simply anchored on the price that they paid ... except that they didn't "pay" anything, they simply issued loads of shares to acquire a business. And then they had to place shares to raise cash because Hui10 is actually a cash-guzzling loss-maker. What you have here is some clever guy has worked out how to do a back-door listing to get a Chinese company listed in the UK without having to publish a prospectus. Hence you have zero information about the underlying business other than what the company itself has paid people like Progressive to tell you. Let me make the point again - no prospectus has ever been issued to provide the details of Hui10 and yet it's the main asset of IIG, listed here in the UK and the business has raised cash from UK investors. The FCA are asleep at the wheel! UK stock-market history is littered with the carcasses of china frauds - Naibu, China Chaintek, Jiasen International, Camkids, Asian Citrus, to name but a few. This is simply the next generation in that line. JakNife |
Posted at 30/12/2024 10:19 by nxc IIGGambling in China dates back at least 3,000 years, starting with an ancient precursor to chess, known as liubo. Today, however, most forms of gambling are illegal in the People's Republic, with two notable exceptions: the Welfare Lottery and the Sports Lottery, both of which are state-owned. Here too, there are restrictions, with lottery tickets historically available at just 200,000 designated shops, scattered across a country almost 40 times larger than Britain. Chinese New Year lottery tickets. About 100 million Chinese play the lottery today, out of a population of 1.4 billion Chinese New Year lottery tickets. About 100 million Chinese play the lottery today, out of a population of 1.4 billion Ten years ago, Englishman Daniel Levine and his Chinese colleague Frank Li Tong decided this presented a once-in-a-lifetime opportunity to drag Chinese lottery systems into the modern era and allow consumers to buy tickets online. The duo founded Hui10 to bring their idea to fruition and in 2023, UK-listed Intuitive Investments Group (IIG) acquired the business via a $365 million all-share deal. Aim-listed IIG boasts an impressive team. Chief executive Robert Naylor and chief investment officer Giles Willits have made serious money for shareholders in recent roles and hope to do the same again. Chairman Sir Nigel Rudd has a 40-year history of backing winners and believes Hui10 will turn IIG into a FTSE 100 business, so much so that he has persuaded top financiers to invest in the company. At the coalface, Levine and Tong have spent the past decade working with Chinese government bodies and local businesses. Now they are on the cusp of delivery. Systems have been approved and steps are under way to make China's lottery digital, including trial runs in certain parts of the country and promotional schemes with giants such as AliBaba, the Chinese equivalent of Amazon. A full roll-out is expected next year and the stakes are high. About 100 million Chinese play the lottery today, out of a population of 1.4 billion. If China were to follow the UK and America, those numbers could rise to at least 300 million over the next five years, sending IIG revenues from virtually nothing today to more than £1.5 billion, with profits running into hundreds of millions of pounds. Midas verdict: IIG shares are £1.10 today. If all goes according to plan, the stock could soar. Like any early-stage business, IIG is not without risk. But the board is top drawer, backers are savvy and Hui10 is determined to succeed. An appealing punt for the adventurous investor. Traded on: Aim Ticker: IIG Contact: iigplc.com |
Posted at 30/12/2024 08:46 by battyliveson I saw this tipped in Sunday mail, midas column yesterday. Started looking at IIG RNS's etc. I found it hard to work out if any cash changed hands. The cashflow statement of IIG suggests it did. But have they just done some sort of share swap so HUI owns IIG and visa versa (surely that can't be correct). Why would some good quality directors get involved in this, unless it is a credible opportunity. Right now I would be in the JakNife camp of too many red flags, but does seem a fascinating scenario!B |
Posted at 27/12/2024 18:31 by jaknife It's a long time since I've seen such an obviously skanky China scam in the UK. The big flashing warning signs around IIG could not be bigger. Deploy the mile-long barge pole! Run for the hills! |
Posted at 27/10/2023 12:49 by bozzy_s Have to agree with comments above. This absolutely stinks! Surely the HUI shareholders will be dumping IIG as soon as they can, at any price.Even a 90% drop from today would give them a massive return for their tiny little lottery company. Nearly 2 billion shares at 1p would give them £20m - surely still overpriced based on their results? Looking forward to Shareprophets and others getting their teeth into this! |
Posted at 27/10/2023 11:40 by mr macgregor So having paid £120m in paper for Hui10, IIG is now worth £230m?Peeps buying now must have done some nifty due diligence on Hui10 this morning as they're valuing it at 5300x revenue. It feels like we're back in the dotcom bubble as opposed to a world of political and financial crises. The accountancy treatment looks unusual. To all intents and purposes it is a reverse takeover, but IIG want to call it an investment and put it through the books at fair value. It'll be interesting to see if they use the $365m figure. Hui shareholders now own 95.7% of IIG, a somewhat lopsided register. To me it looks like Hui10 is, in effect, trying to list on the UK main market while using IIG as a shield from the regulatory and governance scrutiny that would come with a direct listing. I'm interested to see what the FCA make of it. "Accounting treatment of the Investment The Board of Directors, in consultation with its advisers, has assessed IIG as meeting the definition of an investment entity as per IFRS 10 Consolidated Financial Statements requirements. Therefore, Hui10 will be held at fair value on IIG's balance sheet and any revaluation will be shown through its profit or loss in accordance with IFRS 9 Financial Instruments. Hui10 will not be consolidated as a subsidiary of IIG." |
Posted at 27/10/2023 09:21 by mr macgregor IIG investors will be comforted by the fact that they've only paid a year to September 2023 revenue multiple of x3000 for Hui10. What a snip. |
Posted at 27/10/2023 08:28 by mr macgregor Tech valuations eh? If the Chinese investment was truly worth $365m it’s odd that the vendors wanted to sell for shares worth a third of that in a UK minnow with just over one million pounds in the bank at the last accounts.From the IIG website: Welcome to Intuitive Investments Group plc. Who are Intuitive Investments Group plc? IIG seeks to provide investors with exposure to a portfolio of investments concentrating on fast growing and/or high potential life sciences businesses operating predominantly in the UK, continental Europe and the US. Rewrite to Welcome to Russian Roulette Group plc. RRG seeks to provide investors with exposure to betting the house on a Chinese tech company. |
Posted at 27/10/2023 07:27 by rivaldo Nigel Rudd has been busy since his appointment in July....today's deal is certainly transformative!I'm really not sure I understand this. It appears that IIG have issued around £115m of shares at last night's closing price to acquire companies valued at $365m? And those companies made - give or take - around £45k of revenues in the year to Sept'23?! Anything involved with China has to be somewhat murky to say the least, but the Boards appear to be packed with highly experienced and capable Westerners, now including Giles Willits (ex-ETO etc). Nigel Rudd states: "I strongly believe Hui10 has the capability to return shareholders many times their investment at flotation and from the current share price." Perhaps I'm missing something, but there's surely huge growth already priced in here.... |
Posted at 03/2/2023 09:11 by w t tutte Just stoped in here after a long period and read December's Final Results RNS. If ever there was an exercise in self delusion this is it. They seem to think they have done a wonderful job ... I also note that their latest investment in to yougene does not go in clean. The Chairman and CEO are on the deal too. The only condolence is, given how thoroughly awful they have been with the investments to date, is that on a combined basis they will loose more money the IIG ... of course we will never know for sure as we are not informed when they sell, best practice would require them to let the market know if they are individually selling portions that IIG is holding. However, I will not hold my breath for best practice here. |
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