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Started: LUCKYSTOCKPICKER, 27 Oct 2019 19:35
Last post: djframboise, 2 Mar 2020 13:50
Finally got mine last week. Took forever. Was of course peanuts. I have gambled it on a very high risk and unlikely AIM stock.
Is anybody here still waiting payment who accepted the takeover offer from Spectre for Bonmarche . Also if anyone has been paid could you give me an approx. date thank you.
So, let me get this right... Mr Day buys Bonmarche on the cheap, enters administration (causing remaining shareholders to lose everything), then 'rescues' by buying it with his other company Pea****s and has the company minus any liabilities. Absolutely stinks. There should be more robust rules to stop this sort of thing.
Started: MrBond007, 28 Jun 2019 10:25
Last post: yoshie, 6 Aug 2019 00:42
I'm not invested here do feel very sorry for those lost their money in here.
Just reading the news it says "However, Spectre was required to give 14 days' notice of cancellation. During that notice period, Spectre passed the acceptance threshold of 75% and was consequently compelled to complete the 11.445 pence per share buy." - does it means they're paying SH 11.445p for their shares each. If so is better than last close price 8.28 - is it not?
Best price to buy them today is 9.75 ( live price )
why sell for 7p ... bunch of crooks .
Nominal value of the shares is only 1p, so looks like that's all we'll be getting back at this rate. Shares plumetting today. It's all over.
The media is talking as if this is a chronically loss making company - yet it has made millions in profit the last 5 years. This year is just a blip. Their accounts show they sold just under £80m of goods for just under £200m - they are a fantastically profitable operation. They just let the wage bill grow too high to £40m. Go into Day's EWM and there is only 1 shop assistant, yet in Bonmarche there are 2! Clearly can easily halve the wage bill saving £20m overnight. Guidance is for £6m loss (of which £4m is depreciation so cash loss only £2m). So 20m minus 6m gives £14m profit and £18m cash profit. Valued at a mere PE of 7 on £14m profit makes it worth £100m or 200p a share. Why are board recommending Day's offer then of 11.4p?? Company has almost zero long term debt or pensions liabilities. It could easily issue £20m of bonds or pref shares to the market raising the cash it needs to get through a couple of tough trading years. Every company has had a couple of years of a downturn in business. With the hot weather all the Bonmarche stores are super busy now !!
Unless some of the institutional investots sell out I don´t believe they can get the 75%.
Started: MrBond007, 12 Apr 2019 08:47
Last post: djframboise, 26 Jun 2019 14:26
Mine neither. Would rather write it off than get pickpocketed.
Not giving my shares ip for 11p unless I´m forced.
Started: Time2Buy, 22 May 2019 12:39
Last post: Time2Buy, 22 May 2019 12:39
If true then it's reducing the overheads which will increase the bottom line. Stock here is so tightly held any good news will probably see it double
Started: Investrip, 30 Apr 2019 22:29
Last post: Investrip, 30 Apr 2019 22:29
Company looking for voluntary redundancies from head office staff at the moment, if they dont get enough they will go through full process. Not looking good at the moment. Its been so badly mismanaged internally in the last 3 years.
They have no idea who their customer is anymore. Shame
Started: Time2Buy, 20 Mar 2019 12:47
Last post: SuperRoty, 20 Mar 2019 13:31
Dreadful. Steer well clear
Gawd I am surprised the QUIZ buyers are not all over this one too
Started: Japaneseboy, 20 Mar 2019 11:12
Last post: Tomohawk, 20 Mar 2019 13:10
Pull down the shutters surely?
We have a Bon Marche and an M &Co on the same parade, neither is ever busy. My wife hasn’t bought anything from either for months, thank goodness!
It says something that with the current drop even the Directors can’t be bothered to pick up any shares. Their confidence is gone? Time to roll up the shutters and get out?
Started: fatherjockstrap, 25 Jan 2019 07:07
Last post: dnd2136, 19 Mar 2019 09:11
Bon shops are totally dead just like the company
Grim. Very little to be encouraged about here.
...now...they are (worse)... were's the light at the end of the retail tunnel?
could be worse
Started: shamI89, 17 Jan 2019 10:46
Last post: shamI89, 17 Jan 2019 10:46
Lets see how it pans out.
Started: fatherjockstrap, 7 Jan 2019 12:48
Last post: dnd2136, 7 Jan 2019 14:41
Back to 80p please
going in
news due???
Started: Adrianuk, 16 Dec 2018 13:55
Last post: Adrianuk, 16 Dec 2018 13:55
It's a typical panic sell reaction. The first rule of investing is never let your emotions get the better of you. News in June was positive towards online sales. Products are excellent and highly rated by customers online. Brexit will be over soon after second referendum. Store has no debt and capital in the bank. Christmas sales will be positive. Worse case scenario close a few nonprofit making stores and concentrate more on online sales.
Started: eviking, 14 Dec 2018 21:02
Last post: Adrianuk, 15 Dec 2018 20:32
Pointless to sell at the current SP. Better to hold or top up. Hopefully Christmas sales will bring a bit of joy for the company.
Looking like a unhill struggle. Sell
Started: BUGSPUTNIK, 13 Dec 2018 17:12
Last post: lunatic, 14 Dec 2018 14:43
An unbelievable bounce where now?
you giving us an example of a ramp?
Last post: LincolnDave, 13 Dec 2018 22:33
Yeah how\s that working out for you Henry?
should tag 60
Started: mannnan, 13 Dec 2018 12:41
Last post: KNIGELK, 13 Dec 2018 16:52
Oh look - there is a filtered post on this thread - proof that I am being followed around the website. Admin will be informed..
mannnan - lol - yes if this was being ramped (after falling 40%!!) there would have been 200 posts and 50 new posters by now! Us old timers on LSE know a ramp from a damp squid lol
hardly anyone posting here ....so no Mega ramp
Started: Henryb, 13 Dec 2018 08:36
Last post: Henryb, 13 Dec 2018 08:36
.
Last post: daveycaferacer, 13 Dec 2018 08:25
the reality is people at this cheap end of the market go to Primark
"We believe that uncertainty surrounding Brexit........."
How silly
Poor outdate. Now possible loss for current year. I predict 10-20p drop today sadly. However, get Brexit sorted and the retail sector might start to recover
can,t buy
Poor outdate. Now possible loss for current year. I predict 10-20p deal today sadly. However, get Brexit sorted and the retail sector might start to recover
Started: LincolnDave, 27 Sep 2018 12:40
Last post: LincolnDave, 27 Sep 2018 12:56
Ok thanks...Bonmarche doesn't look like the other retailers that are all out of favour with the markets though does it?...I mean it has no debt,just announced maintaining the divi and online is doing well.
I'm cautious at the moment but at these levels I am tempted.
Well you usually get them at 4.30pm market close - I presume it means trades are being settled and the live price may not be correct for a short while. With Bonmarche - it might be down to the unusual trading volume this morning and number of trades - hence a hold on the live price.
BTW I doubt the share price will be north of £1 again this year - one to monitor imho
Hey all,
Could any of you chaps explain to me what this means?....in simple terms as if you were explaining it to a thicko!
I can't buy in at the moment and i'm guessing its because of the above??
Started: djframboise, 19 Jun 2018 08:46
Last post: Blondeamon, 20 Jun 2018 10:53
Happy to see them getting online right.
Online doing well to the detriment of bricks and mortar stores but thankfully the former outweighs the latter.
Didn't expect to see results like this given the recent woes on the UK high street. Increase in dividend very welcome. Hold.
Started: djframboise, 15 May 2018 15:07
Last post: djframboise, 15 May 2018 15:07
Added a few to my holding this morning to replace what I sold over Xmas and was quickly followed by a nice 4% bounce. Any idea what was driving this? Happy to see a bit more but nervous with all my retail holdings.
Started: arsenal58, 19 Apr 2018 11:22
Last post: arsenal58, 19 Apr 2018 11:22
For tomorrow buy buy buy so cheap due to retailers struggling
Started: earnacrust, 21 Mar 2018 08:20
Last post: SlickMongoose, 21 Mar 2018 21:47
Retail sector taking a beating.
Can't see any news anywhere. What's caused this drop in price?