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Looks like SPD is about to get an almighty mauling. Should have bought DEB, end of.
If you have not seen it, read Mike Ashley’s report in the SD accounts. An absolute classic the like of which I have never seen before. Beginning to wonder if the delay to the accounts was due to lawyers having concerns over what he has committed to print. Accuses MPs of lying, suggests drugs tests for CEO/CFO of listed businesses and lays into the Board of Debenhams and advisors unmercifully.
And a hidden loan too. This all came down to EGO. Disgusted!! DEB BOD should hang their heads in shame.
This is wonderful news, looking forward to a successful Monday given a nice chunky short on SPD/the main man!
Wow what a rant and a fantastic potential 605mln tax bill. SPD is the new debs. That's made my year in numerous ways. Who'd of thought MA would be lining my pockets instead of Pearly and Co
Ifonly, a stunning day huge gains in such a short space of time. I called it early this morning on SPD board.
Given what happened, I cannot believe it only went down a couple of percent during the day! Bonanza will come in on Monday.
How much do you reckon it will be down? I am thinking MCAP will halve with that tax bill and the HOF misadventure?
Met is 20% unrealistic?
Sorry just seen you reckon 50%. Let's call it at 35% then, midway between our views?
From The Guardian:
"John Colley, associate dean and professor of practice at Warwick Business School, said: “Mike Ashley’s failed bid for Debenhams may have provoked an angry response at the time, but it may have saved him and Sports Direct from themselves.”
https://www.theguardian.com/business/2019/jul/26/house-of-fraser-poses-significant-challenge-as-it-posts-546m-loss
Well he should have taken Ian Cheshire seriously in December when he told him put your money where your mouth is and come forward with an offer, but your offer has to be a multiple of the current SP of 5p at the time but instead he decided to oust him in January and got screwed the interim chairman. Too much ego pays zero
I'd take 35%, a huge windfall coming in tomorrow, going to make DEB and IRV seem like pocket money.
Met agreed, we both will walk away from this one with our heads spinning I believe. Enjoy tomorrow, such days can be too scarce.
Hats off Ifonly with your 20% prediction. Not as much as I had hoped, but still a great profit in such a short space of time.
Looks like madness has took hold again and its going up, should be worth another look I should think.
Met - a good day. I feel It will probably bounce up and down as the day goes on. I see the usual suspects are now advocating strong opinions on various SPD chats....clueless.....anyways I am off for a while.....take care.
Of course what Pearls put on here was complete tripe and he didn't come across as very bright at all.
Anyone who believed the rubbish he was posting shares the same brain capacity as a turnip.
Quite frankly it amazes me that these thickos even manage to log on to their computers or phones.
Now now children, behave
You are quite right Pearls.
I fear I may have offended a turnip. For which I apologise.
Jezz Darren - pot, kettle, black. LSE is a discussion website and if someone believes x investment is worth buying into - they are entitled to say so - even if at a later date they are proven wrong! For example - you are banging on about the merits of ASOS at the moment - is there a reason? Are you trying to convince everyone on there that the shares are worth x amount? Are YOU benefitting from ramping ASOS via share price appreciation? Think about it - you are doing on ASOS what Pearls did on here - trying to say why you are invested there are what you share price target is. (for what it's worth - ASOS probably did so into oversold mode and was worth a short term buy - MY OPINION ONLY)
Ha ha says he who demands to know what everyone's "agenda" is Nigel. Don't deny it or I'll trawl through your posts to prove it and publically humiliate you. Again.