Was wondering how long it would be between mentions of the weather. The wrong sort of weather has been blamed for an unsupportable percentage of the company's woes for way too long. We'd have to live North of the Arctic Circle to suit the company's product portfolio. Piddling about with Ambrosia and Kipling product ranges aren't going to address the fundamental issues of too many winter-centric products, some of which are, despite major NPD initiatives, in declining markets anyway. We need major, summer-centric (or at least all-year round) acquistions - or orders of magnitude NPD - to plug that gaping hole in the product range.
Agree with your comments 100%, however the 15% rise in SP may just be down to the fact a line has been drawn under the cause of SP fall that is the Profit Warning. However, the weather is not helping further sales, it is late March, yet we have May weather.
There's got to be a buyer / buyers, its not just MM price manipulation. The scale / value is far too high. 1) Merrill Lynch offloaded 64.9m shares - approx value at say 40p is Â£25.6m; OR 2) Merrill Lynch offloaded 40.0 m shares - this would take them to less than 3% declarable threshold (have read RNS again). Even so, 40.0m shares sold are worth say Â£16m. Far too much for MM to hold with risk this share has, because of debt and possible rights issue.
Most seem to think one large buyer ( me included), but no RNS, So if not one large buyer, then 40.0m shares would need 2 Buyers of 20.0m shares (2.4% each) to avoid RNS holding threshold for these buyers.
My conclusion would be that they have gone to A) 2 new large buyers or B) 40m shares split further to existing holders such they don't have to declare extra 1% holding..or C) Late (ho hum!) RNS holding shortly about 1 large buyer...
Whoever has taken them, the share price has risen over 15% in last month so something is happening in background IMO
just wishful thinking and generally illiterate on the workings of the market by some on this board. After so much wisdom passed by the likes of me, we still have a few who do not understand. MM have tools to trap people into giving an illusion of stake building. Darby does not want to make this company look better financially unless he has to, so gives the odd bit of news to dampen the effects of the bad news that is yet to arrive ( if no bad news, he then creates it). Proper stake building takes place when the bad news is delivered and oasis is waiting in the wings for the correct timing to swoop and grab from from the tourist holders ( buyers when mm have convinced them that this a certainty, then they are the first to sell at 10-15% below when the bad news strikes)
Absolutely and quite simply, can a CEO remain in his position a year after rejecting a takeover offer at a value to the SP some 50% greater than the current value? I think not and next week and beyond must show how the SP is going to be at the MC offer price very soon. Moreover, GD must show the ''infrastructure'' by which it may be a lot higher. I feel there is a larger buyer out there, either with links to food manufacture or a ''front'' for a private equity outfit.
Agree, there's got to be a big buyer in background. I keep checking from midday onwards each day when PFD seem to issue Holding RNS. Also moving swiftly to Year End report on 4/4/17 and prelim announcement on 16/5/17. I would expect clear direction shortly....
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