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“Some other RAG trade suitor “
Now the RTO is in the open,hopefully Brad will get his finger out and complete be some rag tape suitor buts in .GLA
Hi Doctor
Where are you. Could do with your views.
Its in the name people iCON
True and one of the best metrics jarem - profit! They have managed to swing a 6 mil loss into a 1 mil profit in c. 1 year! That’s pretty impressive by anyones standard, they have also indicated that profit margin is to continue to grow.
Revenue in the grand scheme of it is worthless without profit. Cash is king as they say, something Frisby and co couldn’t control.
True woody! For every cooper there’s ten Davey90s
Was trying to establish some metrics on how to value a Fast Fashion business. You have the usual Revs/Profit/loss as in any business. Also need to factor in Social media subscribers think over 4 million emphasis on Collabs which they have Stacey Solomon and Jac Jossa as well as others and also about ethic and sustainability which they go into quite a bit on the accounts side of things about carbon foot print etc... With the company now turning a profit this year apparently - Which means revs have probably increased quite considerable together with a reduce cost base.
This is looking very positive for us all. If deal goes through. So a large MCAP on return could well be possible it will now all depend on what Shares are in issue once everything is sorted that is the only question lets hope not too many!!!
Thank you, Cooper81, we could do with more gentleman like you on these boards. Thank you.
Was definitely some buying from those in the know! The volume was near 6 mil from memory, which was 20x the daily average.
There was also a poster spouting about a deal tht morning before there was any volume! who disappeared and deleted their acc. Interesting
Well it look like brad have already paid that £1.2m price tag from last year, but because it was so sensitive it could not be release to the Market until everything is finalise, but it look like someone whispered it before it was due to land and the herd got wind of it and started buying like crazy LOL!! and if LSE did not suspend forthwith i truly believe we would have broken 12p at least before closed, and go on to double the next day'' because if we have really acquired a potential £54m a year in revenue popular fashion brand, and we only have a MC of £500k then I think even if you are stupid you will notice a huge disparity in our suspended SP
Not sure about a 50MCAP - but hey that would be nice. Remember there will be more Shares in Issue than the 11m currently. I would certainly factor those in for sure. Unfortunately for ITS shareholders they will not benefit from the looks of it as its a separate entity now.
If this get over the line then we should benefit massively as a result. Totally new company, New people at the helm. Profitable with million in revenue streams- I will certainly be happy if this gets close to the £1 mark on return anything from 50p to £1 on return anything else is a bonus. min 30p would still be great - I was thinking between £5-10 Million prior to yesterday - but until we see the details its just guess work.
Very kind Cooper! These boards need more of your kind.
My hunch is an RTO will take a few weeks to complete, there's a need for a new prospectus which will usually be confirmed with the market.
I really hope ICON haven't/don't sign up the new guys with a view to introducing the new owner to EHGOS and its death spiral financing....
This RTO could very close to completion, both parties could have been working together for months.
Iconic were forced to prematurely disclose potential RTO , because the unprecedented rise in the share price and the lack of any RNS containing news/speeding ticket, forced the hand of the FCA into suspending trading. If the share price stayed low, probably we still wouldn’t know what had been happening behind the scenes.
So a RTO DONE, RNA could very easily be only days away, now wouldn’t that be good.
Only me thinking out loud.
Good luck Woodyjohn40 and those invested before the administration period. I hope this works out well for you all.
I’m not sure on the maths Maid, sounds a little bit finger in the wind…
It’s hard to envisage how the new structure may look but I doubt it’s holders will get anything it’s totally separate now
"Yes and Bob RTO - its a quicker vehicle to market using a Shell such as ICON, than going IPO route."
I know not a lot but describing ICON as the shell clarifies things for me. The online clothes shop wants a Market Listing to raise funds. Its, presumably, passionate creator has had enough and now a bunch of suits with a badly drawn website are taking over the lingerie department because this is going to work?
https://www.iconiclabs.co.uk/
Our Team.
Hopefully, their maths are the same as yours then )
60x where we are now IMO, about £3.60 a share, if everything goes to plan and i expect ITS shareholders will also own shares in the new CO so i expect a win win all round for all involve right under suspension i will be surprise if we don't come back at £50m MC... unless I'm doing my maths wrong ?
I am researching historic RTO’s and will continue until i understand the start and endpoint.
Is there anyone who have been involved in such situations that could enlighten me and others as to how a private company is valued when entering an RTO and how the value of the shell companies existing shares is calculated, it all seems very complicated, but interesting all the same, ?
As I said we all had to be patient this will play out very well which I believe
So Just had a quick read. So expected profits of 1million by the end of this month. Nice
So Ben Armstrong taking his place - he has been Brand consultant - So expecting them to be out new leaders. Brad might stay on on a non exe capacity I would have thought, Who knows
Yes and Bob RTO - its a quicker vehicle to market using a Shell such as ICON, than going IPO route. My thoughts though is what Market will we be on AIM or MAIN. Again not sure but I'm sure it has to be 30 million now could be wrong on that. So I expect to be AIM. But either way this looks pretty decent - but they do need to sort Linton etc. out which Brad I am sure is on with that will probably take more negotiations.
Bob imo it is more likely Adam was pushed, its clear Jas doesn't need his skills having turned the business around. It was also part of the deal with ITS sale that he would take a role.
Maid Brad has done well to get this deal in line. RTO's can be done in less than 30 days if all goes to plan, you just never know! Likely to be longer imo.
The RTO Is a route to market for large companies, one quicker and cheaper than an IPO. The value of ICON is irrelevant that the purpose behind an RTO. The shell is what is of value to Jas nothing else, if Brads lucky he may keep a job for a while…
ICON Market Cap. £599.93k less than i thought... hmmmmmmmmm 45m in revenue as we speak Hmmmmm
well done again BRAD lets get this rapped up ASAP, I know you like to hang around for months and end but this is not the time