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No reason why Sycamores 3rd offer wasnt announced , but these things tend to leak so maybe we will find out over next 24hrs and possibly who the other 2 bidders could be , we assume Tosca is one of them but who knows. all looking good though :)
While north of £2 would be good, my gut feel is a sub-£2 take out is more likely unless Tosca really, really want TED..
offer due by end of day surly , give us £2 :)
In my opinion I think the BOD will accept a price north of £2.The target price was £2.25.Anything lower than £2 I am sure the BOD will say that could achieve better in the medium term.However they made so many mistakes last year with their press releases which led the share price to slip from the 160's they need to improve on that price significantly.I did ay last year that they were opening themselves up for a takeover as they were so undervalued.But with a possibility of an uplift of over 30% from wher we are today is a good short term investment.I again topped up this morning
Sadan - yes £2 is a nice round figure and above this surely will give the value for the board to recommend - they have already spoke to the investors that hold the aces, they all know the magic number
I can’t see it going for less then £2 share my opinion
Smacks of a sell out for around the 175p - 200p when the potential is much higher.
Still HODL as BoD have now firmly placed it in play.
My guess is a higher offer in the above range and the BoD will fall over themselves recommending as long as they keep their jobs and bonuses.
GLA
£1.75 values a bid £300m approx - surely that won’t be far away
I don't think it will drop back down a lot as the offers and Board responses clearly show how undervalued the company is. If they don't sell it's cos much more value is there. This is not a failing company as has been turned around, hence all this interest. There was no interest when the SP was far lower (so they could have bought far cheaper), this was before the recent turn round which has been consistent and demonstrating dealing with the tough fundamental issues they had at the time of the much lower SP.
this won't go away -a deal will be struck
noggers - the first rule of a negotiation not revealing your cards early. IMO BOD are doing the right thing by not revealing non-sense low ball offers from Sycamore. It only sets the bar very low. What's interesting is Sycamore has made 3 offers in quick succession so they are interested and know this is an amazing business to take forward.
Confused as to how a public company can make buyout info private? I suppose it’s all sensitive to making the deal go through… have to assume shareholders will be informed of any binding offers. But the rest will go back and forth as “non binding” behind the scenes, away from us peasants. Shame.. just hope it’s a good deal in the end
Sycamore have made another bid, but once again the board are not telling us what that bid is, not right imo, it looks like another bidder is coming in as well.
Just wonder at what price the board are thinking TED to be a decent offer, us little shareholders are are in the dark on this one, we are all just presuming what price.
The only thing here is if the board keep turning down offers and parties walk this will sink back down.
i think we can be pretty certain offer will be in excess of £1.50 - im thinking 1.75 min
No, I think there’s a lot of day traders in this this morning, also people that will have stuck with “buy the rumour, sell the news” . I’m personally in for the long haul , let’s see what happens!!
I have been saying for some time that I expected Tosca to bid. There is possibly another player too. I would say the minimum now to be around 170 and if we have a bidding war we could possibly get over 200. What surprises me though is that the share price today is rather lacklustre considering the latest RNS. I have picked some more up at 137.
This is great news. Potential bid war with two parties and is currently valued very low so has some great room to grow.
They can see value here which is why I brought. I still think there is some great gains for those sitting on the sidelines. Just look at the Market Cap.
Managemnt need to hold out as this will be much higher in two years time - depends if Tosca want to cash in early or let business get to a higher Mc before selling.
Tosca will have to put its hat in the ring now IMO. They are known for shrewd buying of UK companies. So there is likely to be at least 3 parties in this (and perhaps more now that formal sale process is announced!). Exciting times ahead. I see Superdry going similar direction given its market cap!!
One way or another Ted Baker is going to be sold, question at what price? 200p minimum for me!
can't see 150 working way too cheap
Well if the second Sycamore offer was 137.5 and they've now received an improved one + another third party bid then you'd have to assume they are into the 140's at a minimum, but likely nearer 150p... quite why there is any activity under 137.5p is beyond me!
SDRY next imo
Thank god nice to take advantage...
Improved offer by Sycamore and other bidders. This should approach 150 today. The market is a bit slow...