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.
Started: Natdan, 15 Oct 2021 08:56
Last post: Natdan, 15 Oct 2021 08:56
Good to see the Takeover Panel intervention in thursday’s rns.
The cloak-and-dagger antics from Marks have gone on for far too long: he either wants to sell the company or he doesn’t. Lest we forget, this company is a bombed-out tiddler, not a high-street prospering giant.
To both parties: Either agree a firm bid price and sell, or stop being a time waster.
Started: investor3, 7 Oct 2021 10:06
Last post: investor3, 14 Oct 2021 16:04
I am not leaving just yet.
Still a lot of action to be seen in my opinion, volume has been better recently and some big players are also building positions which is always a good sign.
Anyway where is WBJ, he has been very quite recently?
GLA..
Nothing to shout about in the figures.
Good luck to the new owners.
I would be interested to know who else is building positions, lets see what today's RNS shows.
I'm still staying put, I still think we have some good action to see.
Started: startfromscratch, 4 Oct 2021 10:06
Last post: Toxicfrog, 6 Oct 2021 15:00
Yep I sold up on this £12,500 worth small profit. Thanks FC its been fun but glad im out now.
are people aware here that an FRC investigation of the accounts of fccn is in train
It could easily be a new party just building position...
Volume is high which is a very good sign... lets see what's down the line.
At these rates anyone rich person with pocket change can come in with a much better offer.
GLA
Its a no risk bet isnt it definatly 30p or another offer above ?
Why are shares being bought at 29 .30p when they will only get 30p ,do they think another offer might come in
Started: Coleman123, 6 Oct 2021 11:46
Last post: Coleman123, 6 Oct 2021 11:46
What does the form 8.5 actually mean
Sold up having bagged and a bit and switched to a heavy dividend payer today. Thanks FC
Current offer if they actually manage to buy it for that price is a steal of this century.
I think we still have more positive actions to see, but lets see whats happens.
Pulled up in a lay-by.
So, just looking at the trading update at the bottom, things could have been a lot worse.
Mmmmm.
Thanks Roace.
I pay a premium on here for the level 2, but of late their RNS is very hit and miss. So I have to jump on Vox. Pain in the rear.
Was out and about early doors so missed the open.
However, back to FCCN. Do we think this is tactical, or is the company really only worth circa £30m ? Difficult to say without seeing any figures, and it's been such a long time without updates.
I use Vox markets and London stock exchange for Rns updates both very reliable.
Sorry, picked up the RNS elsewhere now.
May well bring another out of the woodwork, although with the stakes involved, it looks a done deal.
Need to have a proper read.
Started: Natdan, 4 Oct 2021 08:44
Last post: tadders123, 4 Oct 2021 10:34
Miracle this is being taken private at higher than 10p, let alone 30p. Best of luck to the new owners who clearly have *******s made of steel to be paying that price for a loss making retailer in this strained market
Is there an RNS out?
Struggling to see them on this platform yet again!
Well, well, well. One of the last long-time rag-traders has finally thrown in the towel. Sold for a rag-price. He should have listened to the sirens years ago...
Started: startfromscratch, 4 Oct 2021 09:54
Last post: startfromscratch, 4 Oct 2021 09:54
So it's a done deal .got to wait till year end to get your 30 p per share at end of quarter 4 as per rms
So here is the rub buy now and make a guaranteed 5% on any further investment as can buy 28.5 p only got to wait 3 mths hmmmm
Started: HarryCaul, 29 Sep 2021 15:51
Last post: HarryCaul, 29 Sep 2021 16:32
Yes, I'm sure the MM's tickled a few shares back.
Upward from here now, the stocks in play. Let's see where the bids come in from the interested parties.
To me it just seems they were just shaking the tree to load up on shares while its still extremely low.
GLA
Looks like the punters are back in this afternoon.
Surprised they pulled back so much TBH.
Started: WarrenBJunior, 25 Sep 2021 19:30
Last post: WarrenBJunior, 25 Sep 2021 19:30
The way I read it is Apinder and his consortium have made some tentative approaches to FC at 30p a share to see how desperate they are , they , not happy with the low offer and without their permission have announced their derisory offer to the world in the hope to get some real interest from a world class player . The consortium to be fair while wealthy players are in my opinion a bit out of their depth , we need someone to buy this who is used to the worlds stage . The papers keep describing FC as a struggling, faded brand which is very unfair. They have a very loyal following and sell all round the world .
Carolyn Glynos was interviewed recently and absolutely raved about the company, stating after a very difficult year , they are slated to have the best year in a decade this year.New footwear and childrenswear ranges are due to be released next year , licensing with DFS who have had the best year ever .
Started: WarrenBJunior, 25 Sep 2021 11:54
Last post: WarrenBJunior, 25 Sep 2021 11:54
Hopefully we might get a snippet in the Sunday papers with a heads up on other interest, this could set the scene for a bidding war next week , I would imagine it is beneficial to both sides to get this wrapped up before the results update on the 12th.£30 million is considerably cheap for such an international brand .
Started: WarrenBJunior, 24 Sep 2021 08:47
Last post: HarryCaul, 24 Sep 2021 08:51
Agreed Warren B
It's clearly a viable approach, otherwise, we wouldn't have seen an RNS.
I'll be adding to my holding on any reasonable weakness in the price. Regardless of the bid situation, the Brand is ridicuously undervalued - hence so much interest from Trade buyers.
GLA
The announcement yesterday without the consortium’s permission was designed with one thing in mind , to flush out other bids . However I am convinced they are serious and probably connected to Mike Ashley in some way . This is only the beginning, if Marks wasn’t looking to sell he would of just ignored it and made some sort of announcement at the results on the 12th. Yes there was share price movement but not excessive.
Started: WarrenBJunior, 24 Sep 2021 08:08
Last post: WarrenBJunior, 24 Sep 2021 08:08
She has been quoted as saying they are slated to have the best year in a decade and mentions that next year , their 50th anniversary , they are very excited about the launch of their new footwear and childrenswear ranges .
Started: investor3, 23 Sep 2021 11:38
Last post: Usernamedbut1, 23 Sep 2021 23:40
This will get rejected I reckon as they’ve several players in the game. Sadly I think this will look like a spike as quick profits but interesting to see some movements at last.
How funny would it be if Ashley buys it back!
You can just imagine him doing something like that - can't be bothered one day, and has it back the next!
Also, what is Marks magic number?
Meanwhile, on planet Earth, I suspect they'll be some decent press coverage on its way, which should keep the punters interested.
Agree, its more to do with getting people talking and at the table rather than an actual serious offer.
Also he has 25% so its standard to try and make some sort of offer, I'm guessing they get the first refusal or so. From his point of view its worth a shot based on his affordability I'm guessing even if its something completely ridiculous, its a win win situation for him anyway.
Yes finally some volume and activity, lets keep it up...
I actually set my sell limit to approx. 100p which is more of a true reflection of the potential value of this company, anything less is a bargain in my opinion.
GLA
Finally a bit of action!
So Apinder, Amarjit, and KJR Brothers Ltd (which appears to be a recently incorporated vehicle) are kicking the bidding off at 30p.
It will be interesting to see if this brings the other potential bidders to the table to talk hard cash.
30p and a decent 25% holding already in the company is a strong hand.
However, it's seriously undervaluing the company at circa £29m.
I'll be staying put until this plays out.
Check the RNS
Started: jackthe, 23 Sep 2021 10:53
Last post: jackthe, 23 Sep 2021 10:53
Does anyone know why SP jumped so much today? is it FOMO or does market know something that PI don't?
Started: WarrenBJunior, 23 Sep 2021 08:17
Last post: benglagooner, 23 Sep 2021 10:08
Whats happening with the take-over/Formal sale process. Taking very long not sure why?
There is a strong herd mentality at the moment , everyone is chasing the COVID companies, it reminds me of the dot com boom and bust they are almost fanatical that the share will come back and they continue to pour more money into them . Take Genedrive and Novacyt , Genedrive have just done a fundraising with a staggering 40% discount and yet people continue to buy more shares . Mind you I have been there , poured thousands in Psion and Marconi and ended up loosing £80k , it was a good lesson .
All to play for here.
I'm stunned that FCCN hasn't really joined the recovery rally as of yet.
Cheap!
Stunning results from DFS this morning , bodes well for our license revenue which is pure profit , torn between a quick profit from a takeover or let’s build this company back up . In the long run we will probably make more money due to the great potential of this company .
Should see a decent jump this morning.
Started: WarrenBJunior, 22 Sep 2021 19:21
Last post: WarrenBJunior, 22 Sep 2021 19:21
Another positive day , if we break 25p tomorrow hopefully be a nice move to 30p .
Only 12 more shopping days till the results.
Started: WarrenBJunior, 17 Sep 2021 19:45
Last post: WarrenBJunior, 17 Sep 2021 19:45
Another good day up again , building nicely!!
Another fashion partnership , this time Next and the Gap .
Started: WarrenBJunior, 16 Sep 2021 18:17
Last post: WarrenBJunior, 16 Sep 2021 18:17
Another good day 4% up , not long now till the 12th October, look at Superdry today , cracking rise.
I don’t think anyone will get a chance to buy these shares at 21p.
It’s going to be a very very merry Christmas!!!!
Started: WarrenBJunior, 15 Sep 2021 19:43
Last post: WarrenBJunior, 15 Sep 2021 19:43
Corporation tax is going up considerably over the next 5 years , these guys have the ability of earning £21 million without paying a penny in tax , that’s more than the entire valuation of the company.
Tomorrow I am going all in and selling my other biggest holding Carclo and putting it into FC.
It’s either going to be a happy retirement in the south of France or living my final years on a till at Tescos .
Started: WarrenBJunior, 15 Sep 2021 09:58
Last post: WarrenBJunior, 15 Sep 2021 09:58
To be fair considering the company was in a formal sales process recently and after nearly 2 years and considerable cost it came to nothing, if that was to happen again I don’t think anyone would ever take Marks seriously again or risk wasting money . I think last time you probably had a number of chancers like Ashley trying to buy it on the cheap , Marks probably made it quite clear unless it’s a decent offer don’t waste your time as he has the deciding vote . At 74 and nearly 50 years in the business I would imagine he knows if the offers are decent it’s probably the last chance to sell the business. Last time he turned down 40 plus pence so we should see a price north of 50p .
I am amazed this hasn’t caught the attention of the small investors as any amount of decent buying will cause the share price to rocket .
News will leak before the 12th October and the price will rocket , any purchaser won’t rise waiting for the trading update in case the price shoots higher than what they are hoping to pay .
Started: WarrenBJunior, 15 Sep 2021 08:46
Last post: WarrenBJunior, 15 Sep 2021 08:46
I did contact the company and question the lack of news flow and was told it would be inappropriate while they are in a formal sale process.
While there is no guarantee of a sale I am not sure they would have gone this far if there was no decent interest plus for the overriding issue is Marks , he must realise he needs a succession plan !!!
Started: WarrenBJunior, 14 Sep 2021 12:02
Last post: HarryCaul, 14 Sep 2021 19:30
I tend to agree with you.
Marks is a Wily old Fox, and will not take any of the approaches lightly.
Undoubtedly, recovery in the business will be well underway, which will make any cheap/ opportunist bid unlikely.
The Brand is excellent and is far-reaching to many products - it's a true lifestyle brand.
Any offer will need to reflect this.
It's been incredibly frustrating with the lack of news flow, but I do believe that a positive outcome will happen shortly.
Cheap as chips!
Just reading up on the previous results and noticed they have cut the wage bill by £4 million, which is pure profit. While this pandemic has been dreadful for everyone, business’s have had to be quite ruthless and cut costs .
The effects on the bottom line can be immediate.
This company could have a valuation in excess of £100 million!!!!!
Started: WarrenBJunior, 14 Sep 2021 09:52
Last post: WarrenBJunior, 14 Sep 2021 09:52
Now we are starting to see some action on the share price, the sellers are gone and any serious buying will lead to a big jump in the price.
This is the last time you will see 21p .
When the results land they will look stunning.
They have knocked £4 million off the wage bill.
Started: WarrenBJunior, 14 Sep 2021 08:52
Last post: WarrenBJunior, 14 Sep 2021 08:52
Stunning figures from JD’s results and I love the statement “we will continue with further acquisitions “
I am now convinced the hunger for brands by all the big players will lead to a sale eventually.