Nice report in the Sunday Times business section today, outlining the latest private equity interest. Rutland Partners are apparently circling, but rumour has it that they would pay no more than 40p a share! Derisory chancers it seems. Especially since Gatemore, an American activist fund who recommended BOD and strategy changes only last month, has stated FCCN could be valued at 150p per share. Time to sit back and enjoy the ride. Expect the SP to rise nicely on Tuesday opening.
Definitely agree with you HarryHoudini. Think after a period of time,owners of businesses which stay on after flotations start suffering from myopia and find it difficult to let go, even though it's probably for the better.
FCCN needs a fresh team with innovative ideas to prop the brand up, can't see it ever returning to the heights it used to command, but can go a long way from what it is today.
It would be good for someone to give Mr Marks a run for what is left of his money. He has fun this company as his own personal fiefdom since flotation in the 1980's . Majority owners who want to act in that way should never go to the market. There has never been any consideration of external investors and there has been a succession of failures over 30 plus years where he blamed the board and management at that time and replaced them, made massive write offs only for the same to happen again a… Read More
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