Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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TJ is a thief. No more, no less.
All ready made the 400 quid I lost here back - else where.
Thank god I never went in heavy as I had a mind to, on occasion.
Minuscule investment, huge lesson.
3rd time unlucky, as I pulled all monies out of MADE and REVB before they went the way they did.
And before anyone starts screaming, I know there is still a chance for REVB, but I wouldn't hold your breath if you're invested there.
Between next and TJ.
Why start with a debt when you don’t need to?
Well played to the greedy Next and TJ.
Condolences to the Pi folk… I hope you can make some money elsewhere to make up the losses here.
Exactly the same happened to Mccolls PIs when Morrisons ‘saved’ the company , totally wrong.
I wonder if the SFO should have a look at all this?
It wouldn't surprise me if that Richard chap comes out of this with some kind of stake in the Co.
Anyone know if Paul Scott held until the end. I know he was quite a prominent Joules backer.
Holt - not a chance
Thats assuming the old Co and TJ have acted with the utmost integrity of course.
You're kidding right? As soon as this went into admin, it was over for us PIs.
i bought in when Tom Joule came back into the company, i'm a long time customer, and i figured he was best placed to turn it around, if he couldn't i saw him as having integrity and would do the right thing. I've put my trust in him. Rightly his first priority was the best deal for the staff, i'll wait to see if he has done anything for us small shareholders.
I assume the next RNS will be one heralding a de-listing and dissolution of the old company.
I did say that TJ would be just fine ..these guys always are.
Some on here did warn us that admin was going to happen.
It’s the duplicitous semi positive RNS s that get me .
It feel for Richard assuming he wasn’t tipped off .
Go into administration
Wipe out debts
Back hand deals
No need to pay more for buyout.....always purchase out of admin!!
Shareholders stuffed as usual
It stinks but thats how it is
Be careful in the future about buying shares in companys that are struggling, this is how they always do it.
This deal was cooked up 2 months ago .
If the company is that sought after it could have survived with a cost cutting exercise.
And we thought Tom as on our side .
It is great news that Next and Tom are picking Joules up from the ashes. It is as though all this was planned. Some would say that the "negotiations" weren't perhaps done in good faith. They don't have any of the legacy issues and can start again. Wonder what happens to the gardening side?
Sorry to all holders. Very painful and believe you got stiffed.
I'm so pleased that we have been able to strike a deal that protects the future of the company for all its loyal customers, its employees and also for the town of Market Harborough, which have been so central to Joules' success."
Can't see anything about the shareholders there. How inconsiderate of them.
I don’t hold any shares here but feel sorry for those who do. Classic case of being shafted. There should be rules here to make people more accountable. Sad reality
No there will be nothing for shareholders at all. When you account for the creditors that are owed, there will be nothing left.
I think shareholders might feel rightly aggrieved here. Wonder what deal Tom Joules got, how much cash he parted with and what share of the new company he will hold.
https://uk.advfn.com/stock-market/london/joules-JOUL/share-news/Joules-Group-plc-Acquisition-of-Joules-by-NEXT-Plc/89682071?xref=newsalert
Looking at the net assets back in May from the fundamentals tab, we are looing at +/- £44m which is in line with the offer from Next telegraph dot co dot uk/business/2022/12/01/joules-clothes-sold-next-last-minute-deal/
Here here, my mate lost £7000 on these, let’s hope we get some cash back.
Wonder how much were the debts/ creditors, and whether £41m leaves something for shareholders ?
Tom Joule said “I'm so pleased that we have been able to strike a deal that protects the future of the company for all its loyal customers”
Unfortunately Tom I am one of those loyal customers and a shareholder with £4,100 invested. It would seem I am now none of these, I will never buy for myself or anyone, anything from Joules or Next.
You don’t care about your customers or shareholders, you only care about yourself.
Don’t we still own the shares here? Surely a cash purchase, funds come to us?
'High standards' - hmmmm.........