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And to see how silly it is, current mcap is half of cash!!!
This should be at a much higher price, I just dont understand the market especially given brink of 30 per cent been taken by MA
if he wants to offer it has to be more than 42p. cuz that's the trailing 52wk high.
This is a no brainer acquisition for Sports Direct in my opinion,and a clue lays in fact that since they been working with GMD in sports they have been adding to their holding,now at 29.89%.In the last 4 sessions someone has added around another £500k worth of shares all going through when the mm,s opened and closed the spread to look like sells.This is in play IMVHO
was just at that time. working capital etc. the real balance is a bit lower apparently
It's best if they make the bid quicker before cash of 95 million starts to decrease
I agree it is highly likely Sport Direct will make a bid on this and that Rns could literally land at any moment.They increased their holding here on the 25th march to 29.89% which is just under the 30% level which an offer is mandatory....we have to ask why did they increase at this time? Like i said an offer will be 40p - 45p region and unless another bidder comes in would be acceptable to the board and holders.This is a fantastic opportunity for Sport Direct IMO
you still ignored the huge trade payable s. anyway. we need Mike Ashley to make any offer now. given he won't get findel, h e didn't get patisserie valerie, he might not get deb, footasylum has gone. he doesn't have much choice left right now.
It appears to something called BusinessLive but im not sure who the analyst is it just says "senior retail analyst". The thing that strikes me is because GND have that huge cashpile it would mean if Sport Direct were to say bid 40p - 45p per share it would be almost a cash neutral acquisition for them and add a new exciting angle on their core Sport Direct business.A no brainer for Mr Ashley Imo
it didn't work for me. what's the original source of that. what media
It was on a..d..v..f..n. yesterday,try the link ?
https://tinyurl.com/yxknghar
"Sports Direct has applied further pressure on Debenhams by urging its shareholders to revolt against a £200m funding lifeline,stating they have been contacted by a number of other Debenhams shareholders "expressing their support for the appointment of Mr Mike Ashley as Debenhams CEO".They have also called on other disgruntled shareholders to rebel against Debenhams refinancing plans.The signs are that this could now be a long drawn out process and it is clear that Mr Ashley has not taken kindly to the "gun to head" approach by Debenhams management.According to The Mail on Sunday,Mr Ashley has sent Debenhams a series of legal letters detailing allegations of wrongdoing in an attempt to block its refinancing plans announced last week.There are certain to be more twists and turns in this battle,not least because Sports Direct are yet to actually lay out a formal plan with a bid for the struggling retailer,in which case the advantage of staying silent on this thus far does maintain pressure on Debenhams management.One senior retail analyst is predicting however that Sport Directs rumoured interest in Game Digital could soon be realised in an official bid,and is not related or dependent on the groups current situation with Debenhams.Sport Direct recently increased its stake in Game Digital to 29.89% and are already working closely together in the Esports arena,which from early signs have been very successful."
where did you get that analysts comment from
Thanks for correcting
L2,i think there will be a bid here around 40p to 45p and bear in mind Sport Direct has a 29.9% holding already.It will be a fantastic aquisition for them IMO
mcap is £45M
Very interesting, cash 95 million and mcap of only 25 million with ma taking just about 30 per cent of the company, make sense for a outright bid but its should be well over 50p at least
what magazine or news article.is that from. that link doesn't work on my mobile.
nice find
https://tinyurl.com/yxknghar
"Sports Direct has applied further pressure on Debenhams by urging its shareholders to revolt against a £200m funding lifeline,stating they have been contacted by a number of other Debenhams shareholders "expressing their support for the appointment of Mr Mike Ashley as Debenhams CEO".They have also called on other disgruntled shareholders to rebel against Debenhams refinancing plans.The signs are that this could now be a long drawn out process and it is clear that Mr Ashley has not taken kindly to the "gun to head" approach by Debenhams management.According to The Mail on Sunday,Mr Ashley has sent Debenhams a series of legal letters detailing allegations of wrongdoing in an attempt to block its refinancing plans announced last week.There are certain to be more twists and turns in this battle,not least because Sports Direct are yet to actually lay out a formal plan with a bid for the struggling retailer,in which case the advantage of staying silent on this thus far does maintain pressure on Debenhams management.One senior retail analyst is predicting however that Sport Directs rumoured interest in Game Digital could soon be realised in an official bid,and is not related or dependent on the groups current situation with Debenhams.Sport Direct recently increased its stake in Game Digital to 29.89% and are already working closely together in the Esports arena,which from early signs have been very successful."
I think it would be minimum of 40p per share offer personally,and that would likely get both shareholder and management approvals.This would be a fantastic aquisition for Sports Direct in my opinion and be value enhancing for both companies.If they had e-sport and Game in every one of their outlets I predict Sport Direct footfall into their stores would grow exponentially very fast.And I think Mr Ashley knows that.
maybe 33p if we are lucky.
Draft,I just seen it and my first thoughts are :-) and second thoughts :-) :-) what sort of bid price do you think this will attract ?
i think there will be an offer. ww just don't know when or what price
no. you go look at the interims.
Can you refresh my memory on trade payables?