Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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I would think that following press rumours, the company has now received several bids from interested parties (CVC, Cinven...). It wouldn't surprise me if a couple of other large cap funds (Bain, Advent etc) throw their hat in the ring - e.g. Advent recently took a position in Hermes logistics.
The next step would be for the board to appoint an M&A advisor to consider next steps and run a process. After being burned quite badly for his failed attempt to take the company private earlier this year with Sun, Parkin will be under the microscope will probably be mindful of the need to run a proper process, but we know that he and the board are at least be open to the idea of a take private.
I think a take private makes sense here - company will likely need to invest heavily in additional capacity to expand which a PE firm can provide. The fact that Sun Capital was a potential buyer (they are a distressed / turnaround firm) suggests that there is a lot of cost reduction potential here - I would guess this is a very labour intensive business with a lot of potential for process optimization and automation.
Clipper is a great Covid hedge for PE firms in that - over the medium term - the worse the environment for bricks and mortar retailers and the more sales will shift online. The structural shifts that would have played out over 10 years have probably accelerated by 5x now with this company very well positioned to benefit.
I think we will be able to achieve £6.50 to £7.00 per share in a properly run auction where bidders have proper access to management and the company, as a result of attractive long term trends and likely substantial cost reduction potential.
https://buildingproducts.co.uk/demand-uk-logistics-space-hits-record-levels-ecommerce-boom-continues/
Clipper have extended their short term lease of 6months, to 5 years for the 500,000sqft Unit for PPE.
£6.50/7 would be about right.
Hopefully some good news on contracts or bids in the next couple of weeks
Well it's going to be an online Christmas
https://www.google.co.uk/amp/s/amp.ft.com/content/72cac67e-caaa-4391-ada9-58c1dcd717c5
70% of John Lewis Sales online by 2025. Great for Clipper, who handles all returns, click and collect and large portion of online fulfilment for JL and click and collect to Waitrose.
Why the recent falls? Have the expected PE bids died a death? Still, in the long-term I’d rather remain holding than be forced to sell. I think Clipper will be a pretty reliable 5% yielder.
Yes, the fall doesn't seem to make any sense to me either with every indication of strong growth continuing. I bought a few more this morning at 451p just to send the back down again......
Would hope I can make 10/20% on that over the next 6 months?
Jinxed it worse than I thought ......!!!!!!
interesting response down a percent today when I would think another month (probably more) lock down is great news for this company.
Agreed, one of the businesses potentially positively impacted by the situation. Will only boost future prospects IMO
Seems like we have persuaded everyone else ....... :)
yep didn't realise what big influencers we were!
A strange week..... was a bit concerned at the drop to 420 immediately after buying a few at 451, then a sudden swing right back up to the 480's! Looking at 600 as the longer term aim, maybe within 12-18 months. Everything seems to be in favour of rapid growth at the moment. Here's hoping ......
yes not sure what monday was about but the fundamentals seem good and even without lockdowns things were moving to online shopping which makes logistics a strong industry, especially with the IT side too. I had a holding here and managed to top up at 518 which i think is currently the highest price it's ever hit (hopefully will be broken soon). Still a little up overall and if this doesn't get bought out you only have to look at Ocado to see the opportunity for the company so this is one I'm holding long-term while the fundamentals make sense.
Agree, and with the focus being on Retail Ecomm it seems that it can only be a healthy picture both in short term and long term. Hopefully it'll be past the 5.18 soon ...... :)
Incredibly volatile share for no apparent reason! A potential vaccine will not stop the growth in Ecomm beyond the next 6 months?
@Motbuck
Twas ever thus. Ever since I bought this share, over 2 years ago, it has been all over the place, so much so that at one point I was convinced there was some dodgy manipulation going on. It's just one of those shares. Thankfully it it heading in the right direction these days, but still very fluid.
Yes, certainly one to hold over the next couple of years I think. I think I may view each of these big sudden dips as a buying opportunity as I do think the potential is to be at £6 within the next 1 -2 years. Going the right way again at the moment .....