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Absolutely flying. Should see around £6-£8 soon to fill the gap.
Tosca doubled up (averaged down). 12% ish now .
"What are folks' opinions on the possibility of Next becoming more involved / buying in here?"
hummm...yeah..but..
"Ted Baker does not anticipate a material financial impact from this agreement in the current financial year nor in the 2020/21 financial year."
so..Financially the tie up in Childrens wear isnt going to do much for the moment...but..it does further expand brand awareness
They have only taken over the Childrenwear from Debenhams ....
They will probably want that to be up and running in Spring 2020 before thinking of anything further ..and besides they have workd with TB before
What are folks' opinions on the possibility of Next becoming more involved / buying in here? They will not be overly keen on negative press this brand is receiving currently, so could act to assist this business, as it appears to be in favour with them.
Talk of a Right Issue isnt going to help.....agree..no need to touch this yet...
Well those who joined me in the short here at 1000 are doing extremely well.
The business guiding pre tax profits of 5-10million still leaves this on business on a absurd profit multiple so I don’t see any need to cover. I also see further disapointment coming as the UK and Europe don’t show any signs of turning yet
https://www.theguardian.com/business/2019/dec/10/ted-baker-chief-quits-profits-fashion-retailer
Good start for Tosca. I do like to see funds get panned too.
Minimal cash at hand to sort the mess out and with the divi now scrapped even less reason to own.