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Seems the MMs possibly know something we don't ??
Cheers
I think we should see a tr1 tonight or tomorrow intraday. That should further boost this.
I agree that a fund raise might help but I don't think that it is going to be anywhere near as bad as the sp currently suggests... so if a rescue is coming, I reckon the sp will shoot up. If they don't need a rescue, the sp will shoot up. Of course, there's a risk that the sky will fall in on this but I think that they've steadied the ship!
the likes of ASOS, BOOHOO NEXT, THG , etc all sp falling
Joules is a niches market, not main market with £40m debt, How will this survive?
just matter of the this goes bust.
They have very few shares in total and with the last quarter looking more difficult, simply because the consumer is feeling the pinch , I don't think anyone can count on the festive season being as rewarding as previous years ...and fraught with the feel of having to make discounts in a very competitive environment
Personally I think a fund raise to give the market confidence and also ensure they can survive the barren months after the New Year , before the new Spring season ....would be beneficial
The majority of retailers make the vast majority of their money in the last quarter so I'm still of the view that they might attempt to trade their way through this... there's not been a panicky, mad rush to the market for more cash. The new CEO ended discussions with Next on the day he took over... at the time, the injection of cash sat at £15m... not a huge amount of money... a good month or three could make a big dent in that especially if they've made other cuts. IMHO this is cheap as chips!
Well, it is showing some confidence that a rescue package is taking shape .... I would imagine TJ has shown willing to buy into any fund raise and given an indication of how much, Richard Teatum too....which would help set a base support
Me too, was 40k down and was fearful of adding. Wish I had. Still a long way to go to break even.
Something must be happening.I wish I had bought some whe it crashed but was holding a significant amount thsat I bought at over 40p.The fact is that the shares which were a couple of pound not so long ago should never have fallen by so much and hopefully we are seeing a rerating as this is a fine company and can see in the medium term this going up to where it belongs
Hold tight to these golden tickets !
GLA ATB
It's on 11.05 on T212
She’s on the move
I think I agree BAttyMan - over at Superdry, Shroders have taken a position plus Julian Dunkerton has increased his holding. Maybe UK retail isn't quite as bad as has been portrayed. Feeling rather more confident this morning in Joules and their ability to trade out of this... or with minimum impact on holders.
Added to that, Jeremy Hunt was saying all the right things yesterday and some confidence was being restored all round.
9p a share is a steal. Yes, turnaround is not going to be easy with a tough 2023 ahead, but this team will likely deliver. Multi-bagger likely from here on.
Most retail atm I’d driven by price cuts, it’s a vicious circle. They need to drive sales to reduce stock holding. It’s going to be a long job to get the stock under control and improve the ranges. Sure they will do it, that’s why toms back.
The offer/discount cycle is not just Joules though….Fat Face, White Stuff, Seasalt and Crew are all at it, which compounds the problem. Joules have actually cut back on this of late and margin has improved.
I think there will be another steady as she goes blue week , maybe even break the 10p barrier .
Millionaires don’t become millionaires by losing millions .
They will need to wean off the sale drug, but as you say they need a buffer of cash to do that.
Unfortunately like a lot who went before them, they have done an excellent job of training their customers to wait to buy it in their “Sale”
It’s not rocket science. They can’t afford to break the cycle as they have to produce figures to keep people happy. With money you can hold firm and ride it out. Customers will then pay the proper price. Now there is no point, you look, don’t buy, they need turnover, out come the Sale signs.
Trust me I wish it wasn’t like this as I have lost a fair amount here. Sadly my heart ( like lots of others ) wants one thing, but my brain tells me it’s only a matter of time.
Stand by for a low ball ut as last trade
i went with family to Joules sales at Stoneleigh this morning and it was very busy but it was cheap too. Lots of ful bags going out of the building Not sure if it makes the company any money but the brand is certainly alive and kicking
Agreed re a restructuring of some sort, Beware the trade until Xmas if the landlords will support and trade credit insurance remains intact but then face a barren landscape afterwards and what this means . This year is going to be a potential bloodbath for retail. But those who survive will prosper when everything settles and we see a bounce when inflation, Ukraine, interest rates etc settle down and the political horlicks stops making this worse. Until then tighten the roller coaster belts for a rocky ride.
I doubt Directors could buy given what they know
They had an extra £5m loan from Barclays which they are going to pay back in November , but it may well be that the lenders would like shareholders to take more of the risk - hence a debt for equity raise may be worked on - to balance the risk more ....very few shares really
Suppliers will want a better financial structure or they will want payment up front or pretty quickly - so need to ensure all remains strong with them ....
They haven't used all those outside advisors for nothing - some restructure plan is coming -
10,000 chunk buyer lifting this.
A director buy would show confidence.