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keep in mind the offer was 'unsolicited'
if you were offered over market price out of the blue for your home would your move out?
A significant premium would need to be paid to be temping.
fair market value is just a non-starter.
There is no way this could become a luxury brand nor should it as the market just below luxury brand status is far bigger and also has good margins.The mistake Burberry has made in recent years has to go after the luxury market which has held back growth as in the world it is quite a small market and its customers are more fickle than most.I sold most of my Burberry holding four years ago and recently have bought back in at more than 20% dicount compared to what I sold them for.
Thanks good to hear such views which to me are much more interesting than guessing the share price ??
I remember shopping in Ted when it was in Way in Harrods and that must have been late 80's early 90's. It was mainly just shirts and they had great designs which were well made. Back then there were few decent places to buy clothes for teenagers and young adults. I liked hyper hyper and Kensington market but unfortunately they have both gone yet Ted is still here and has grown since then. It just shows how the market has changed and that it's so brand orientated today. Who would have thought that Burberry would become what it is today. I think there is great scope for Ted to crack Asia. Ted is growing in the States but I reckon the current bod could turn this into a world luxury brand. Well here's hoping... I still buy from Ted.
3rd OFFER COMING ? nice movement here :)
May close near or above their second offer of 137.50 - clear signal sent.
My average is 1.35. Been a long wait to get back here.
Would be very happy with an offer over £2.
Savvy, I am 29 , nearly 30. I have always loved Ted although it wasn’t until my early 20s that I could afford to start buying their items. I now have two children and my daughters wardrobe is 90% Ted and she’s only turned 1.
I am quite heavily invested now at 117p. I’m interested in views about Ted as brand. Is it still popular with 30s or is it 50s who have grown up with Ted? Where is there sweet spot and how are they doing in this area? If the answers are good the share price and revenue will take care of itself..
You are quite right BT. For the patient I reckon Ted have a very good chance of doing very well and as you point out £5 could be achievable in the next few years. Ted have had a torrid time and that's all behind them now. I have faith in the current bod to turn things around. Let's face it Tosca are no fools and they clearly see value here. The price should have never been pushed down so low in the first place but that's the stock market today. To much reliance on charts and not enough in common sense...
I do not think that the cost of living increases will affect retail too much as there is srtill a wall of savings from the last two years which could be spent also there are more people in work.Energy usage should be lower as more people go back to work.An average couple this year with both the rate rebate and loan will get £350 back which is half the average increase and if they are on average earnings they will get back the increase in the NI threshold together with any wage increase.Then on the inflation side many things have not gone up but there are some on food but many can save by shopping around and currently by doing this my food bill have hardly changed and we eat very well indeed.
GLA
100 what you have failed to mention is ted have absolutely no need to sell out :-)
Let it run and we will see £5 quick smart
in my view most companies are looking to invest for the future and if and when Ted turns around (fingers crossed) buying Ted for anything under 500m will be a bargain , my only worry is the huge cost of living increases and how long they will last, retail is always first to suffer in a recession and things aint looking good at the moment , my own energy bills have just more than doubled and expected to rise again in October :( but with a bit of luck the war ends , coronavirus stays under control , inflation comes down , bills drop and the world can finally recover from the miserable 2yrs we have just had .
To be frank I think ultimately Ted's future lies in the hands of Tosca. It is encouraging that they have increased their holding recently and they obviously see value but we don't know what their intention is. They were probably quite content on just holding until more certainty in the market before placing a bid but Sycamore have cornered them into revealing their hand. The next offer from Sycamore will probably be around the 150 mark, if anything is to go by they have probably already offered this. Maybe some of the other institutions will be happy with this. One thing for sure though it's going to be interesting to see how this plays out.
My personal view is if Ted can realise its turnaround plan and return to steady profitability by 2024 onwards then 12 month price target is £2.00. 24 month target is £2.50 to £3.00.. but as I say, entirely dependent on executing their strategy in a very challenging market.
Would you that is the value of ted today or in the next 6 to 12 months
My take is that Tosca have had ample time to bid while the SP has been beaten down all the way to 80p in the past year… yet they haven’t. Question is, is this takeover approach enough to force their hand to get involved? Lots of uncertainty here.
My hope is Sycamore, fresh off a failed run at Boots in the realm of £6bn, see Ted as ideal for their retail portfolio. Knew it was going to be a chess game to settle on a price. Their opening salvo was to gauge the temperature, leaving things open to run up to say £400m, which I believe reflects the value of the Ted Baker brand but accounts for the turnaround required. That’s around £2.10. Fingers crossed…
End game I see is to use Sycamore to increase the bid, sharreholders will realise they are not going to £3-£4 range.
Tosca adding and will make a formal bid to disappointed shareholders at say 180p, still undervaluing the company's prospects by a long chalk.
Either way for LT shareholders, there will be an exit price, for new shareholders they will be delighted.
Just in time before the end of the tax year is my guess.
DYOR
HODL
Judging by the price action it's probably safe to assume that Sycamore are still in discussions with Ted. If they weren't interested in offering a higher price they would have probably announced their intention not to bid by now. The problem though as I see it is that they are not going to offer more than 160. The question is what Tosca intends to do.
We knew about this Tosca add from the section 8.3 yesterday so no new news.
The question is how far will they go?
Obviously moves afoot. Going up past 137.5p will be a great sign should it happen over the next sessions. Volume is the key.
Getting very interesting ??
Tosca increased again, wonder if they are going for a bid.