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Yes I thought we would get a vote before the offer is finalised!?!
ABG can add value with the expertise from some 30 other brands
They bought Brooks brothers after it filed for Chapter 11 at a low price ….they seem to low ball companies that have been through a tough time , and certainly not over pay … but grap good brands when they are on their knees …. Nasty for loyal long term shareholders
All I can say is Darktrace are doing well , and if takeover happens then expect 650 p from 500 p now , if takeover not happen and no one knows then a drop to 400 p could happen … place your bets if you have the stomach for it …
I agree but don't we still get a vote before the offer is finalised???
Yep, hence my annoyance at the nutty low price.
Have you seen the update today? Store revenue up
20%
I thought that we still get a chance to vote before that can happen????
Looks like it's all going through now- and for this nutty low price.
I’m happy to educate people with my technical trading experience.
To me it looks likes this is being held up at the moment by the MMS in preparation for possible news.
However this good wil gesture will not last long so no news back to teens but next time low teens.
Agreed
Why would anyone buy above 109 I don’t know ,Tuesday will be interesting
Well, what to make of this?. Share price now just above 110p offer after late jump Friday, shorts closing , someone get a scent of a counter offer or what?
Bloody tricky isn’t it . I think there are many good opportunities at the moment which is my main reason. I’ve sold now so thank me later when a higher bidder appears! Ha
Silky, I think there is a good chance a higher bidder will appear but I did sell around 20% of my holding yesterday to buy more psn and ggp because I thought they had both been marked down too harshly and we almost certain to recover within a short time. One day in and i was wrong it seems!
My average is 109 so debating selling up , unless people feel there’s a strong chance a higher bidder will appear …
Apologies for not reading all the posts so my question may already be answered. But any idea when my share here will get turned into the 1.10 or do I just sell them now? Pros and cons please if anyone can help
Peteret, Your share broker/share platform will liquidate your shares and credit your account.
its all a disgrace to be sold out for so little. Does anyone know how this is going to work. Will the meagre 1.10 per share suddenly appear in my account as my share holding disappears or what and when
Yep and they still get their % whether ur pension goes up or down...
It basically says that they shouldn't have any issues with refinancing their current bank credit facilities.
What does this mean ?
The problem in this country is the institutional investors/pension funds aren’t active enough. They amass big stakes in small company’s purely because of the levels of money they are dealing with but they aren’t interested in approving anything. They are just run people who are in it for the large commissions and fees. They sugar coat their funds with some fancy strategy for picking stocks but the reality is they just diversify to a ridiculous level. They say they are active managers but you look at their holdings and they end up owning almost 100% of an index? So the whole industry is built on greed and lack of business/entrepreneurial spirit. Makes no difference to them, they still get the 2% AUM fee.
i agree. the BOD and the management are so incompetent that if this deal doesn't go through the company will go bust. What a disgrace the ceo and the board are. They have been able get such a great brand to such a bad position. I never thought i do lose money on Ted. Now I am thinking I am lucky I am losing only 30%....... major shareholders deserve losing money as well this as they let these incompetent idiots continue to run the business and only 30% voted against obscene bonus they were handing out to themselves when they should been kicked out.
Swanny, the Board were struggling there is something putting buyers off in May and with all the bad news around I would image energy costs for their stores etc lack of customers and potential cash burn just made 110 look better than going bust in 2 years.
You can still vote against it though, albeit it won't affect the result, if it makes you feel better inside. Still cannot work out what is going on here as it is a remarkable achievement by the BOD to screw this up so badly, and then get the major shareholders onside. Maybe some very bad news we don't know about is coming down the track, and I guess 110p is still a lot higher than the 75p where a lot of people loaded up.
Nothing is fair in stocks everyone knows this most of the time you are down but now and then we get a good win but most loose.
Ted was always a risk and in April looked allot better than it does now hence 1.10 instead of 1.50s etc sell these and move on take the loss and buy something else.
This is friendly advice i think Ted BOD are a disgrace but you me and most are so irreverent to them or big business your wasting your time thinking about it.