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whats all the panic about?
BIG push now ted get back to 80p do it!!
Oceanpassage - you have 80 posts, most of which are dedicated to TED. This business is trading less than 1x ebitda and has net cash (not net debt!!) and inventories which will be turned to cash. Bankcruptcy is absurd as you only too well know. I love to short but i don't state the ridiculous !!!!!!!
73.3p fib level. if it gets there.
Ocean turned into a ramper now, 56p??! You mad? This is going down to at least 0p, probably lower, it does go below zero pence a share I'll consider scaling in as an absolute punt
56p assuming bankruptcy can be avoided. Which at this stage the business had not avoided. Would you fund your favourite local restaurant because it used to be good? This company is being priced for bankruptcy because that is where it is currently heading.
Remember net cash + Inventories equals the market cap.
56p
74.2p on the bid, where the hell will this bottom out
Kpet - the business is in a net cash position now and exceeding expectations vs the base case. THere is not a chance that TED with a 20% free cash yield is going to stay down at these levels when the other names are trading at 2-3%. I closed the shorts as the risk reward has just flipped, there's a lot more upside vs downside now. Even the FT thinks value guys should start looking now.
My suggestion is to scale in...
nickel
where do you see the bottom for ted?
Retail business with high debt is a not ideal at these times, however i do like contrarian views and very open to hearing your thought process on where you see the short term price movement.
we rose on above avg volume yesterday. thats bullish.
overshot to the downside imo. lets see do we get a bounce.
if folk want to sell let them sell. i'm holding strong.
M&S and Dixons both down. retail not having a good day.
I agree to a degree, I would argue it's pretty much priced to failure at around the mid to high 70s, any hint of more positive trading and it seems to fly up. I, like most others I imagine, consider the downside risk at this exact moment in time to be relatively low but the upside a lot higher. Of course there's a risk/reward ratio to get comfortable with here, but, no offense, to come on here and say 'this is overpriced and will fail' is just churlish and a blatant attempt to deramp
its getting dragged down because BOO is dropping.
Is TED being priced like it's going bankrupt. Partially yes. Its forecast to make a growing loss, it's debt is high, and it's cash position won't last long. The share are being valued one a bankruptcy is on the horizon, which value given to a chance to avoid this outcome.
To be fair sp is currently in freefall currently
Maybe you're right ocean, maybe the SP will hit negative price soon, like below zero. Because it's such a bad business. When it gets to minus 50p I'll consider a top up. Thanks for telling us all to run for the hills, your contribution is that of a truly good samaritan.
Is TED heading for a higher valuation. No.
Revenue is now reportedly over 50% down Vs last year, which produced a £70M loss. Debt is ready unmanageable at over 50 times revenue. This is why the market won't even value this at cash and stock position. Best case scenario TED will be heading for some very high cost debt in 6 months or another rights issue. Either Wil near bankrupt the company. the news Keeps getting worse.
76.6p on the bid, good to see gains being wiped out
good entry hasiba. well done.
14132 shares at just above 77p..
Seems cheeky cheap after the RNS
GL holders
come on ted. under 80p now ffs.