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"If a bid was to be made, based on the current company valuation, does anyone have an idea how much per share it could be?"
No
Thanks for your responce. It will be interesting to see what happens over the next couple of weeks
I have been studying potential companies that would be interested in taking over Docs and without question VF Corporation is the number one contender as Docs would be an absolute perfect fit for them .
Their sales are down so makes perfect sense for them and they have the cash.
All quiet from the board so would not surprise me that discussions are on going.
The big question is what they would accept? My guess is around £2 .
No, but Peel Hunt say the following about recent UK M&A:
Key themes
Going up the market cap – Of the 12 transactions announced in 1Q24, seven are in the FTSE 350, two in the FTSE Smallcap, and three on AIM. In FY23, 39 transactions were announced of which two were in the FTSE 350, 14 in the FTSE Smallcap, 19 on AIM and four other.
Increase in pace – There was a slow start to FY23 with 13 offers announced in 1H, which increased to 26 in 2H. The heightened pace of M&A has continued thus far in FY24.
More corporate buyers – Last year, the majority (56%) of offers were from financial buyers as well as the majority by value (77%). However, corporate buyers have dominated in 2024 as the rate environment and economic outlook have become clearer.
Multiple offers – Last year, six of the 39 bids saw a bump in the price. This largely reflected shareholder pressure to raise the initial offer rather than a competing buyer. We have seen three competitive bid situations this year, with the contest for Wincanton resulting in a premium of 104%, and the latest offer for Spirent pitched at an 86% premium.
High premiums – The average premium thus far in FY24 is 38%, which may sound skinny given the depressed valuations in the UK. However, the average premium is 55% if we just look at cash offers.
Overseas appetite – There has been greater activity thus far from domestic bidders (67% of the total), as well as a greater number of all-share offers. This excludes the overseas offers for Currys and Direct Line, which were both rejected by their boards.
www.peelhunt.com/news-events/articles/uk-ma-feeding-frenzy/
If a bid was to be made, based on the current company valuation, does anyone have an idea how much per share it could be?
My daughter tells me that Docs are the must-have shoe at her school... which means it is a well recognised brand from 11 up. Imitations will not do, apparently. Not many opportunities to buy a famous brand like this.. So, cut the dividend and pay off debt (already factored into current price) close shops (straight to bottom line) return to well-made, simple designs (reducing design and production costs). In effect, a reboot that's entirely achievable in the right hands. So perhaps...
Pedro really ,..how do you know. Talking rubbish again. You sound desperate and underwater.
Every aim share talks about takeovers ....it never happens. Its just a pipe dream. Wake up and smell the coffee
I think at least 100% upside on any takeover but this is not investment advice as may not happen.
Look at Spirent low 90s in Oct after a profit warning of sorts then 175p off trumped by a 201.5p offer...
I reckon even if they get took over I'm not going to see my £1.23 per share back
"Potential buyers could include Louis Vuitton-owner LVMH as well as VF Corporation in the US, the company behind Timberland, Vans and the North Face."
One of the comments is worth a repost I think
Peter H
When you see a -70% market outcome since IPO, (I NEVER buy into an IPO), it’s probably time to put one’s foot down and stamp on the decline.
The best foot forward might well be new management and ownership. Just what the Doctor ordered.
“Dr Martens faces potential takeover as firms circle”:
https://www.retailgazette.co.uk/blog/2024/04/dr-martens-foreign-takeover/?utm_source=Retail+Gazette+Subscribers+2024&utm_campaign=a7014b1769-EMAIL_CAMPAIGN_2024_04_22_07_41&utm_medium=email&utm_term=0_-a7014b1769-%5BLIST_EMAIL_ID%5D
Mail on sunday article says predators are sniffing around dr m,lvmh and vf corporation in usa are possible suitors,also unknown hedge fund investor were in talks last week
Saw a very high volume of low value trades last month I think. Could it be buys for management incentive plan - we see RNS’s for CEO and CFO where a handful of shares have been purchased as part of this type of arrangement. Just a though ?
@Tav
Yes they were, Qs outside, clamouring to get inside everyone had loads of JD bags. :rofl
The reality was Zara was very busy, most other shops few, eateries full and the main bags I saw were Primark . We should not judge.
In Paris. Went to 2 shop on purpose. EMPTY
Thank you for your answers, makes sense to me now :-)
This share surely has to do well at these prices....
Mary, was the westfield shop empty because the customers were all at JD sports? Please say yes.
We’re they worth buying after fees you’d be better of buying a pizza buy one get one free night but good luck we need it
I was one of the tiny buys! Had a small dividend paid from DGE and needed something to buy, so bought an additional 25 shares of DOCS. With the price this low, I imagine quite a few people who use services with no commission or minimum spend do the same. Also you can use it as a practice trade to see what the price really is before you purchase (on the same platforms) as with freetrade if you buy or sell you just get the price they give you. So a quick trade makes sense, especially on something not traded much.
Melab
Hoping the £1 comes before the penny :)
Was out around 96p and added around 65p again. No brainer.
That said, at Westfield the other day the shop was empty !
Elvis, I think that there is a hope/expectation that the company will report better numbers because it has kitchen sinked the bad news in readiness for the new ceo and/or someone will bid.
For lots of tiny buys this morning?
Doubled my holding at 67p , in for a penny hope for a pound , Hopefully this gives them a good kick up the butt and they do somthing to reinvigorate the company.
Private equity must be having a good look at a takeover of this company...£1 should be enough