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I have to agree Guys.
Feels like the share price is sat wearing cuffs right now - no up, no down just sat there in Witness Protection!
Surely the company cannot entertain this level of distraction indefinitley?
Agreed.
We just need the current or new bidders to see the actual potential value in FCCN, some are buying any tat for crazy money, hopefully they will open the opens soon.
Can someone please explain why we have a valuation of £18 million when Sweaty Betty has just changed hands for £300 million.
Just shows if someone is prepared to pay all that money for £70 million of sales what I wonder is French Connection actually worth !!!!
£100 million seems cheap ?
Some positive movement in SP, good start, still have a lot to recover.
Yes people will realise the potential, others are getting a bargain at these prices, I wish I was able to get in at the current prices.
GLA..
Unfortunately we will not be having a trading update before October, email from the company states it would be inappropriate while they are in a formal sale process.
Real shame when sales are booming, Next just updated the market with blowout figures and special dividends in the pipeline.
I appreciate there is no appetite for FC shares from the army of small investors still chasing genedrive and novacyt which is a shame because there is great potential in the share price .
Nicely done kingivor.
Certainly a larger volumed day, primed for a pleasant bounce me thinks
Bought the drop this afternoon at 16.69
Bargain even if no buyout imo
Wholesale orders have been very strong , just looked at the David Jones site and they have over 400 lines listed on their site , many are new lines .
The share price is an absolute bargain .
They must have read your comments, got a reply after you posted . Next trading update will be released around October , so looks like we will have to be patient.
To be fair they haven’t released trading updates during previous AGMs.
I am quite content to sit this one out as I feel it will recover.
What we do know is this is sub 20 = silly money =bargain
Like many companies, certainly bigger ones...... as if they’re gonna be ar5ed to reply.
So don’t read anything into it
Tried too recently with a couple of my shares, got diddly back, although ironically one of them did send out a press release on a certain matter...... coincidence me thinks
Retail Sales have just had a storming qtr , I know our clothing sales are hitting new records.
A trading update would be very much appreciated, I did email the company asking if we would get one at the AGM but failed to get a reply!
Not sure if that’s a good or bad sign.
Have gone very quiet ?
It is frustrating as the share price is going to continue to drift , however you can appreciate the connection Marks has with the company, at his age this isn’t about the money as he has plenty.
The big problem as I see it is the shops as I don’t think anyone would want to take them as far as a deal is concerned. Let’s face it the brand is worth way more than the present £18 million valuation of the company. Any purchaser knows that the brand is worth north of a £100 million, clothes , homeware , watches , perfume, sofas , luggage etc . The problem is Marks will have a loyalty to all the designers, sales assistants, warehouse, head office staff and that is very commendable . He will be trying to protect their futures.
Unfortunately in this new world he must surely know he cant carry on and trade as an independent company, the main players are all just too big . Not sure how this will eventually play out but it’s great fun to follow.
Let’s flippin’ hope so Warren.
The company is very quiet ?? at the moment which could mean negotiations are progressing.
Have a good read, very relevant to some of you I’m sure on other shares, let alone here, but we already know we have several offers that are meant to on the table.
https://www.griproom.com/fun/10-signs-your-company-is-about-to-be-acquired?s=08
Agreed that we are seeing good recovery all around.
Also a lot of companies are being bought up now and at very good premium, unfortunately we are just dragging our feet, possibly unnecessary delays as a result the share price is just drifting away as some are just taking advantage...
They really need to get on with this deal ASAP in my opinion.
Although I hear you..... when things are going well one might consider to be tougher on negotiations. Happy medium is always there in the end
Aside that, basic rule of buy/sell...... don’t buy or sell at the first offer unless it’s crazy good. Sell high, buy low. Never look too keen either end. Therefore one would expect offers to be lower at first, stay stubborn (not obsessively) and climb the negotiating tree.
The really good thing we have in this is that we not only have an offer in the making, but two! No....make that three! Hang on.... get it right me...... five
!!!!! potential offers in the making.....
I’d be intrigued that if all are still interested when crunch time happens that they go for a closed bid
I had a trip out into the City centre last week to do some research, and it was way busier than I've seen it in some time.
I spent some time time talking to sales staff in a number of top tier shops, and the feedback was that in the past fortnight, people are back and are spending.
By no means are things back to normal, but I was encouraged with what I saw.
With all this talk of buyouts hopefully it might spur on Mr Marks to make a decision and finally sell his business, with all this spare cash about surely even he realises now is the best time to get on with it .Sales must be booming .
Looks like we will have to wait for the AGM to get an update of what is going to happen .
My gut feel is the offers are going to fall short of what Marks was expecting and he will try and build value by carrying on with their recovery plan .
I would be amazed if they are not trading well as every clothing retailer is reporting strong sales , so it might not be a bad thing. 12 months down the line shares should be higher so I intend to hold on whatever comes out of the AGM.
I would imagine that he's holding out for a serious offer that reflects the Brand's value, rather than give it away for a song.
The further we move away from full lockdown, and the recovery gains traction, the less likely he is to merely give it away.
Yes, the High Street is still up to its nuts in it's own issues, but that doesn't mean every shop and every Brand is dead in the water.
Good luck to him, and good luck to us all who want the best out of the company.
How long is it going to take before we know if a takeover will go ahead or not? I mean the founder (Marks) must be serious - i cannot see him wasting their time. GAP announced today they are closing all their UK stores which is what FCCn should be doing !! Sometimes i wonder about the founder if he is serious about making money. . . . .
Regarding the 20k - is it not just a CFD Trade?
WH Ireland create the CFD and transfers to the underlying client?
Also, because they are sole Broker and Financial advisor to FCCN full transparency is required under the Takeover rules.