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I’m with IG and I’ve been unable to get a quote since 10:30am
With Barclays no problem all day
Ok cool. Why no buys for the last 90 mins?
Shenners: Seems a common thing with FCCN, seems to take a breather one way or another then starts again, not sure why but he happened a lot last week as well. I don't think it's anything untoward.
Sorry your correct I bought some about 11am this morning the after I replied I tried to buy and it won’t let me now.
Very odd I can’t buy the smallest amount not even 500 pounds worth
Ok so expect there is a rather large buy order being worked on
Sounds like it, poss why SP was being suppressed for a bit. Typical mates rates!
is this still a buy opprtunity- 40p offer will not allow me to break even! please any clever people could explain what the odds are for an offer and at what price!
I don’t claim to be an expert in investing but I have been in retail for nearly forty years. We are in the middle of a land grab scenario in the clothing retail world . The main players such as frasers , Boo, Asos are jockeying for position and snapping up brands as who ever controls the most brands will be the winners.. Love it or hate it FCUK are still a considerable brand and do have a considerable following just look at who is stocking their merchandise. The only reason it has come into play is Marks (multi millionaire) has finally decided to sell probably due to the fact age is catching up with him and after the destruction of Covid has had enough . Therefore please forget any previous valuations as this brand has the potential to generate a considerable profit now it can morally ditch the bricks and mortar and just sell online.
100 million is not an excessive price , who knows ?...
By this time next year Rodney.
Spoke to one of my contacts in the retail world concerning Frasers about why they sold their shares and the general opinion was they were hoping to buy it on the cheap .
It is quite clear that it is going to sell for a lot more than what they were prepared to pay .
I now believe the dumping of their 25 % is now a very positive sign that a bid is coming at 40p plus .
Doesn't make sense.
Try to buy it on the cheap, but realized it was going to sell for more, so dumped the stock?
Agreed Harry, they already had 25%, why dump at 16p to Ghura, there is no was FFCN would be sold for less that 16p. Seems like just whispers to me
Maybe he just heard that the shares shot up by more than 100% and just sold spontaneously as he was happy with the gain recovery.
Alternatively, maybe he just does't have that kind of time to go into meetings, negotiation for tiny amount of money for him.
I am not worried at all that he did some insider dealing, this is pocket change for a multi Billionaire, no one would risk going prison etc for insider trading for what pennies for him.