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The FCA should investigate yesterday's share trades for starters as the volume was way over the daily trend. I wouldn't be surprised if it was insider hedge funds buying back...
I will agree with everyone this stock is worth a lot more I hope the firm with short positions on this and other stocks lose billions
look at the 200DMA its under 130p. the SP was heading back down to 80p or lower until today.
Forget yesterday's price. This has been shorted and kept down. Wake up to the shenanigans... This is worth north of 200 all day.
Why would you pay £2.00 A share for something that is £1 a share as of yesterday I know the stock price will rise today
As I stated several months ago this firm was very undervalued and I had hoped that it would not be sold for a bargain basement price.I do not think the board would accept anything less than somewhere between£ 2.25 and £2.75 per share.Even then it would be cheap
For those who haven't held shares in a company subject to a possible takeover be prepared for a flurry of RNS's detailing who holds, who buys and who sells stock for at least the next month. The good news is that the likelihood of an offer and/or it being accepted is, to a degree, played out in public and holders can , if they wish plan their strategy accordingly, or merely sit and watch the fun.
Well my nose called this although the writing was on the wall.
Exciting times
200DMA at 125.70. any offer would be above that imo. but i would not be paying more than 130p to buy shares today as no firm offer.
This is really good news, of course it may not go through, but we know how good the brand is and the bargain basement SP and recent results have been positive and things are turning to the positive.
Look forward to a very strong opening.
assume that 108p breaks.
129p 1st resistance area.
Just wonder what the bid price could be.
Think 10-20% upside possible but been burned before. £200m takes us up by 9%.
Voleon squeaking and gnashing of teeth with their short position, squeaky bum time.
Just beat me Steve, 180p is the 1st flush here and other bidders get smoked out. GLA.
https://www.londonstockexchange.com/news-article/market-news/statement-re-possible-offer/15373630
I recall a 2019 bid rumour that spiked the price to 950p +
Lucky to see £3 now.
Hi I bought in here late last year 'cos I like their shirts, and own quite a few and it looked clear that despite their troubles they were n't going bust and an SP recovery was probable, I added after the february update and now hold at an average in the high eighties.My expectation was that the market would slowly realise that this is a good company whose brand name is probably worth more than the current SP that a slow recovery was almost certain, that may still be the case.
I also hear that sycamore aren't the only ones looking at these (and a number of other "distressed " UK retailers). Two things , first a bid may not be forthcoming and second the board may not accept if it is, BUT whatever happens this is one step on the road to redemption for these and others and is a massive SP positive .Whatever the outcome TED's SP will rise in the short term and I may well take a profit(and as is frequently the case- lose out on a bigger profit later!)
Retail is not a sector I buy in normally, but there are many seriously undervalued stocks in the sector(AO,CINE,DOCS,GAW......), and despite the war in eastern Europe I don't believe the UK's shopping habit will end any time soon.
Lets see what happens today ,....
GLA
Should be a blue Ted day. Expecting an appearance on the biggest risers at the opening scramble.
Saw that - released about an hour ago - based upon their previous bidding activity (in the US) we could be looking at a 40% premium to the closing price if they choose to place a bid - this would be undervaluing the company at about £250m, 7-10 times potential profit, so it'll be interesting to how the Ted board reacts if an offer is made (a big if at this stage), Good Luck and DYOR ;-)
Just published on Yahoo Finance - says there's an an american company considering a bid.