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Ted baker was voted the second most luxury brand in the U.K. we still have the sale board up and the sp can and most probably will double at any moment.
If they are not taken out the sp will be many many multiples of what it is today in a few years.
Just a bit of patience is required.
This is a dog of share!
Spoke too soon!
Interestingly no 8.3 or 8.5 forms were published via RNS today. These have been published everyday for the past few months since takeover talks have begun. Therefore hopefully we are close to agreeing a TO.
Sorry Andrew not Andree
Non exec director Andree Jennings has stepped down according to Retail Gazette article
agreed.
The reason several UK companies have fielded takeover bids it these investment firms know they are at the bottom of a change curve.
All upside going forward.
This should be at £1.50 without a bid.
Chillax and get the popcorn this is about to get interesting:-)
One thing we know is that in the eyes of the board 130p significantly undervalues the company.
We also know no one would make an offer that they didn't stand to gain on.
160p to 200p, minimum starting point for a conversation. Assuming very little good will is priced in.
I think they they are deciding the exact figure and must be close,for the reasons you mention
As per the latest RNS, given they are not proposing to address the situation regarding the temporary Chair structure and since this was originally kept set this way to provide continuity in the sale process , I would deduce that this is still ongoing and the intention is still to seek a sale at the present time.
This share should start marching forward again as there was no RNS again today and that means talks are still going on and will IMO will lead to a takeover ,otherwise they would have ended talks by now
They is no more take over forget it
Sustain - thanks for this , I missed it whilst I was away so it’s good to know! It won’t be 130 , I’m not sure where you got / heard that from? A lot of people were disheartened when the preferred buyer walked away which resulted in a lot of short term buyers pulling out and taking money elsewhere. Long term buyers like myself aren’t really fussed either way whether a sale goes through now, if it does then great (as long as it’s a fair price) , but if not , then it’s a recovery stock and will flourish in the future without a buyout .
I can't see them accepting much less than £300m. Tosca were buying in the 150's only a few months ago so having close on 30% of the company they won't accept 130. My money is Tosca putting in a bid of 150 - 170.
130 would not make sense. The original offer was like 137 or something which "significantly undervalued the business" in teds own words. Maybe a sale process will go through, but I wont hold my breath and certainly hope if it does, its not for 130.
Hi
A week last Sunday, The Mail On Sunday reported that the process of finding a preferred buyer was coming to an head.
It was said it could be announced as early as last Friday, or in the very near future. I’m waiting, if there were not any serious potential buyers there would be no process and we would have known this by now.
I am expecting news in the coming days, 130p was the estimate .
There is next to no anticipation on this board, so why is that ? Constant RSN reports monitoring share sales .
You're probably right. macro factors make ted not look so desirable over the next couple years although I think for the long term this price is a steal
Rory, I'll be gone before you! If this hits 143p again, I'm out.
Moving on up slowly but surely. Will sell this time if it reaches 155 again.
Share price looking good this afternoon guys. Lets hope it continues. Leaked news of buyout?
Break out time, next stop 90p
The Board was informed by the preferred counterparty last night that it did not intend to proceed with an offer for the Company. The counterparty indicated that its reason for not proceeding was not linked to its due diligence review of the Company.
As announced on 23 May, the Board received a number of other non-binding proposals. The Board will now determine whether to proceed with any of those proposals.
There can be no certainty that an offer will be made, nor as to the terms on which any offer will be made. Further announcements regarding the formal sale process will be made when appropriate.
The Board of Ted Baker reserves the right to alter or terminate the process at any time and in such cases will make an announcement as appropriate. The Board of Ted Baker also reserves the right to reject any approach or terminate discussions with any interested party at any time.
As previously communicated, the Panel has granted a dispensation from the requirements of Rules 2.4(a), 2.4(b) and 2.6(a) of the Code such that any interested party participating in the formal sale process will not be required to be publicly identified under Rules 2.4(a) or 2.4(b) and will not be subject to the 28-day deadline referred to in Rule 2.6(a) of the Code for so long as it is participating in the formal sale process.
Just sit and wait there is going to be a massive surge here asap
With no credit insurance the first port of call would be a guarantee from a holding company (providing they were liquid) or if not a personal guarantee from a director, which wouldn't work here.
I haven't seen credit insurance come massively into play in my industry since the banking crisis where supply chains were desperate for their customers to have cover with their customers.