The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
This could be good for Ted, its likely that the first preferred company were preferred by the BOD for their own reasons.
Ted is now starting to take shape and is worth the current price so 90P is unlikely i would guess no lower than 120p and will bounce between 120-135p until more news.
Such bad management!!
If they had a number of parties interested???
Highest bidder wins usually
Get the impression board were siding with company that had directors interests in agenda !!!
Untrustworthiness comes too mind !!
Now we know why the sp fell back yesterday as the day progressed and information leaked to city friends - disgraceful insider trading imv - should be investigated.
Will be topping up sub 90p is it gets there.
Let us see how much this plummets today.
This woll be taken as good news in long term or bad news in short term.
Well the interested party is out! Hopefully, next in line is still interested.
Would not want to out of this over the long weekend as the deal must be announced within the next two weeks as each day goes past the nearer the date when we will see blue skies
Either that
Or I invested prior to the takeover rumour in belief it was worth more and am indifferent as to whether it goes through
I take it that as you are so pessimistic about the possibility of a takeover, you do not now own any shares! Im sticking in there!!
Haven’t the board accepted a price and preferred bidder? So it’s wrong to say they have rejected all offers surely?
That's just a guess based on the £300 number reported.
I remain doubful this will be enough when £1.30ish 'significantly undervalued the business'
Which is the same reason I am unsure if the deal will close: namely, the board will reject all offers.
Source ? Or a link to this would be great . Thanks
£1.65 per share will be the takeover price.
Its normal to have feelings of foreboding and failure during the takeover process. You are supposed to feel that way......it helps keep the price low......and keeps everyone guessing. For sure there are risks......and it is a gamble for both share holders and bidders. But I would be more confident than you seem to bee of a deal......80/20% in favour perhaps.
very much in 2 minds as to whether this will go through.
on one hand the added strength it would offer Ted Baker to be taken over by a cash rich company to drive it's own strategy is very desireable for the future of the business.
on the other hand the timing of the offer it extremely savvy in the the business is trading as at an all time low trading range it may never revisit, and as such any offfer would undervalue the business even at the top end of the offers mentioned.
for me it is 51/49 in favour of it going through at a higher take over price. or just not at all.
very very well timed offer. wouldn't surprise me if the company doubled in worth over the next 2 years.
I wouldn't put too much faith in the Sunday Mail article. All these newspapers want to do is sell newspapers.....and people react more to scare stories. I am more of the view that suitors are not going to walk away from the opportunity to buy the company at this stage. Its all a game bluff and counter bluff.
I think the 1.50s is to low they would be better off not selling for that price I would of though 1.70-2.00 range would have been fair.
There are a few people here that have paid less than 1.30 but 90% of people are in over £2.00
Cannot see this happening as both the suiter and the BOD will have egg on their faces if it falls through.However I am sure if they do pull out one of the other suiters will come through with an offer.I am sure the third bid must have been nearer 150 and I think that ABG's bid must be over 170 otherwise why would they have been taking so long to discuss for only a few pence extra
The board have accepted the offer of the preferred bidder - they know and now we know the company is in decent shape after the results - all the dots are lining up - this company complements the brands of ABG - maybe the current financial climate is a negative but at £300m surely this company is a snip
Thank you for you input Tarzansbrother I just read it need someone to look deeper into it
It looks to me that someone is looking to keep the current price low as to make the final price whe offered look good
Poor article with very little reasoning why they would drop out - especially after going through the sale process and being selected as the preferred bidder. Looks to me they have timed the bid and price very well - both parties will want this tied up in the current financial climate.
In the mail on Sunday they report take over could fall through you can read it on line