London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Not wishing to be negative, invested at just below 28p, but why would potential suitors pay £50m for a loss making distressed company. Debenhams brands cost boohoo £50m but they were making a lot more dosh than fcuk. Hope i’m Proved wrong.
There is a big difference between a company which is drowning in debt and completely insolvent, where bond holders and creditors pulling all the string etc.
Making small loss is nothing big or unusual.
It’s how you manage and take the business forward.
It’s a designer brand, yes not at the high end of the market hence the market cap.
It’s very simple to cut costs for a new investor/buyer, just buy reducing the retail units will make the company extremely profitable, it’s a no brainier and these investors are experienced, they may even make it fully online.
Can you imagine how much money they will save, they will instantly get return on their investment, it will become profitable overnight instead of being loss making.
Debenhams were in administration with huge debts , for example their total lease liabilities to the end of their terms was £5 billion.
FCUK is a company which has ditched its bricks , anyone buying the brand can continue to sell clothes or license the brand for a fee .
As I said earlier they are already selling their ranges on numerous other websites even Next , who knows we have no idea who else is looking to put a bid in , maybe Next !!!
The main issue with this company over the last 5 years has been Marks who controls 42% did not want to sell or at least did not want to sell below a certain price.
For some reason maybe after realising the future is Boo and ASOS and time to walk away !
I got to agree with mostly what had been said. Looking at the information we have I think 40’s is very realistic, 50’s not sure but maybe.
The only negatives I can see is the loss’s over the last few years and the fact Mike Ashley sold his shares for less than 20p. However this is already water under the bridge as the shares are now 25p ish and they have spiked to 31p maybe he just wanted out.
Positives.
Strong brand name.
Cornavirus has made it easy to mortally move online and close high street shops.
Brands currently being snapped up by asos and boohoo.
Farhi holding her 2mil shares.
From what I can see all directors still hold their share and they all purchased them for 35p and above, mostly in the 40’s (very positive sign IMO).
The chap from Newcastle (without going back I can’t remember his name) that bought Mike Ashley’s shares has sold a small proportion of them at 5-10p per share profit in less than a week and so far kept the remaining, that’s I think snow confidence in the in both ways. He made a profit on some but still remains in.
As long as there are no pension black holes I can only see positives.
Feedback welcome or correct me if I’m wrong....
Apologies for the couple of auto corrected words I’m on my phone .
Just to add the last week has also seen more buys than sells which Is also a positive sign for me.