Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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You say Equity is 210M and outstanding shares 44.57M .... 471p.....
After write down for 58M....342p.....
If you speculate with other BV figures it's ok but it's your speculation not the real BV right now.
So you say nothing.
Show me yours and we can discuss about.
Hawfinch: My BV for TED, including provisions/depreciations for Inventories issue for 58M is 342p.
I wonder how that will that go down with shoppers if Ray returns to take the company private. Would some shoppers simply be ‘put off’ Ted if he returned? A takeover certainly seems a possibility though. I believe he still holds around 38% of the shares and he must despair at what has happened to his baby
They are not here just to sit and see how the company could revert and improve the balance sheet because that would mean that they are gamblers in the same terms that you mentioned and they aren't.
They are an opportunistic fund and increasing because they want a majority together with Ray to make the company private.
Just accumulating while the market allows them to do with discount.
Yes, it feels like something is going to happen here one way or another. I think the brand still sells. I was thinking that they will have to do a rights issue soon, unless, as you suspect, Tosca will come along with an offer before they get to that stage.
I mean before preparing Spring/Summer'21 collection... June-July 2020.
I don't like to work with time frames, just look at events,real facts and check if my scenario of conditions is fulfilling or not.
Toscanfund should increase the most they can while SP is below BV but they cannot buy quickly because the share is not very liquid and spikes with just few buy orders.
IMHO They are working for takeover months ago aiming to be ready before next Spring/Summer' 2021.
What tine frame are you looking at here Dealhunter?
We will have a new RNS from Toscafund very soon.
zahirmiahoutlook: Of course the brand has an important value as goodwill, it is why IMHO they will offer a premium on BV. However a brand without a good financial structure or management gets deteriorated which is the case and such weakness is gonna be exploited by the offeror to take it over with important discount on potential value.
Does the Brand not have any value? I understand the write down but bear the asset is only valued at that due to the brand name so I think anything less then 800p is cheap
zahirmiahoutlook: I don't think 800p.
Low ball bid with a premium on current book value (discounting 54 million inventories writedown).
450p-470p
Don’t think it will be any less then 800p
Yes, it is the range 450-470
I don't think that we are too far away from a takeover here. I would have thought that it would be north of 450.