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Did my research over the weekend and waited for news, so far so good. Formula for Growth seems to be working so bought in at the bell. Looks like effective cost management and strong online marketing are allowing foundations to be built for a good turn around. Happy to hold long term.
just hit 75.25p on the bid but bounce looks strong.
what is important right now is that they have a firm grasp on cost cutting ..and that is evident...plus they have cash flow...
The foundations are there for recovery, but it will take time and if vaccine news improves economic confidence then sales will improve alongside...."cautious optimism" is indeed where this sits... let's see what the autumn brings
bounce off 77p surely..
on way up now ?
oceanpassage talking out of his rear-passage :-)
https://www.investegate.co.uk/ted-baker-plc--ted-/rns/agm-trading-update/202007210700065524T/
Great news
" Holding makes no sense at the moment. It's not a smart play."
oceanpassage was hunting for scared sellers yesterday ...good job most of us are pillars of stone...
really good news
glosing gap from 76, then moving up
scooping up 10%-ers. over 80 soon imo
"Nice for a moment, bid back at 77p frustratingly"
Need to clear out a few traders, I suspect. But given how tightly held this is by IIs, the rise should bed in over the next few days, IMO.
Nice for a moment, bid back at 77p frustratingly
83p paid. almost double ocean's target!
81
auction
vrooooom vrooooom
"Just being realistic, but 2 of my investments had decent TU’s last week and both dine crap since. Should be good for the sp but after my last 2 trading updates I wouldn’t be so confident"
Only matters if you're trading it. Otherwise, sit back and wait for £1.50p.
Might get back there quicker than previously thought.
Wonder if Oceanpassage will close his short.
hi zccax77 :) !
It's not complicated
You're not reading it properly.
Excluding the fundraising proceeds Net Debt would be £116.3m
Which means,when you INCLUDE the fund raise:
£173m
__
£116.3m
= £56.7m
The £116m excludes fundraises. -£116m plus £173m fundraise gets you to the £56m net cash. Debt had been reduced from £137 to £116 without fundraise benefit. Pretty good effort..
Just being realistic, but 2 of my investments had decent TU’s last week and both dine crap since. Should be good for the sp but after my last 2 trading updates I wouldn’t be so confident
I can beat you at 66p :) At that sp it was just scaremongering!!
£130m mcap against £150p cash currently held as a result of equity raise and UBB sale. My top-up was a no brainer. There is still scope to top-up if you can get in below 100p!!
so sale and fundraise should have brought ~£170 millions. Today cash balance £56 millions. They way I interpreted the update the debt was only reduced to £116.3m from the £137.8m. Where all of that cash in such a short time if debt wasn't cleared? It seems ted is burning alot of cash.