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I sold the aa (got the profit of 7%, I was very stupid, I was waiting for taking over ), I knew, the aa had lots of debits, so they can't take the good premium. However, the tad is not the aa.
iv nothing to say - im holding all mine :)
That's £1.25 gone fast this morning and 500+ trades. £1.50 target next.
I think the lack of posts here will mean a lot of PI's will miss out while the II's benefit.
There are not many posts on this board, as is typical of many main market shares, and most of the ones coming out seem to be way off the mark but there are a lot of trades going through which is a very healthy sign.
I don't think there is a huge free float here which is good for a nice rise and what better way to face an unsolicited takeover approach than with a healthy fast rising share price, especially if the board are in no great need to sell.
I brought into Ted on the basis it's a well known trusted brand and one of the top luxury brands in the UK with plenty of room to grow world wide. I can see why an American company may want to take this over as the potential growth in the US if done in the proper way would make UK revenue look like peanuts. The branding is there, the infrastructure is all in place the returning client base (I include myself in this)
Anyway to put a little perspective on things here
The market cap is presently 210m GBP
According to wall street they have just over 15m gbp in debt
However they have
106m gbp in physical assets
100m gbp inventory
75m GBP in receivables
28m gbp in cash and short term investments
70m gbp in long term and other assets
We are not taking into account here the value of the brand and potential future business.
Any serious bid needs to be well over 2gbp IMO
*note havent looked at when wall street was last updated
It shouldn't take too much to get the revenue over £500m in the next few years and an operating margin over 10% which makes the current share price look very cheap. Posters have mentioned bids between 140 -160 and I very much doubt the bod would recommend shareholders to accept such a lowball offer. I doubt they would accept anything lower than 175 for starters.
Any offer which comes in from Sycamore is likely to be trumped by Tosca. This is a shot across the bow's for Tosca. As far as they are concerned this is probably the best time for picking up Ted at possibly below 200. If they don't another company will. Why this didn't finish over 140 is questionable. No doubt hedge funds are keeping it down in order for a lower bid price. It will be interesting to see if Tosca up their holding to 30%... Hughes is named the rottweiler, lets see if he bites...
I thought Tosca had invested and hold 27%?
Hmmmm it was double the mc a year ago and we have had a global pandemic.
This share should be a lot higher so where are the fund managers why haven’t they invested in this stock like others should be a lot higher
Analysts at Shore Capital said that the current share price did “not reflect the health of the Ted Baker brand equity”
As I said this should be sitting much higher than where the sp is today.
The message was clear any offer has to be in the best interests of shareholders ask yourselves where this will be this time next year without a bid.
Those long term shareholders in at the £20 level deserve better especially after the rights issue.
The board have a duty to reject it imo.
Sycamore could not have picked a more expensive time to bid.
Ted Baker simply don’t need to sell.
Any offer will have to be at multiples of where the sp is today.
I will not accept unless this is at least the £2.50-£3 level.
Tosca, next abd many other venture capitalists and retailers will be watching with interest.
We should be at £1.50 without a bid we ain’t seen nothing yet.
TED isn't trying to be an upmarket brand. It is an upmarket brand.
Secondly if you don't understand the dynamics of what M&S are doing you won't understand. As I say watch this space, TED may not be part of it but they will be talking to one another.
Looking forward to next few weeks and general write ups over the weekend to read.
M&S? I think TED is trying to be an upmarket brand. The last thing you want to see is their stuff in M&S ! paerish the thought!
Typo rns today :-)
Hi grant it should be at the 1.50 level without the rns tomorrow. Such medium/long term potential here and I don’t want a takeover personally. Number 2 luxury brand in the U.K. with no lock down restrictions doesn’t take a rocket scientist to work out where the sp is going.
I doubt Tosca will want to sell out at a loss and they obviously still value Ted after picking up another 1% in the last few weeks. Their average I would have thought is probably around 170 or more. Liberum have a 225p target. So I reckon it will be between these two figures for starters. It's going to be an interesting few weeks.
Just remember not all talks end in a sale. Ask metro Holders a few months back when the talks failed. Its not a given they will buy out but it is none the less a good stock to hold with great potential with this board or the next owners
Yes, fomo will probably kick in. I reckon we could be on for an exciting 30 minutes before close.
Tosca and next that is all I need to say. Crazy to be out over the weekend here.
Just took 5750 more shares at 1.16 just his us this still valued at 180 million mc.
Hold hold hold and I am not accepting less than £2.50.
This will be 5 pound plus in a few years
Yep, zero chance of a low ball offer- as don't need to sell
Let's not forget the last broker note issued by Libernum a few weeks ago of 225. Obviously they were not put off by the recent low price. It will be interesting to see what they have to say on the matter.