Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
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.
I am assuming there still remains absolutely zero chance of any of us getting any money back?
Why the hell didn't management sell to this Co, whilst the Co was still operating?!
I reckon we won't be getting anything as shareholders so have written off all my investment here; I won't pretend it doesn't hurt - I put too much here. Very disappointed that management could make nothing of negotiations with Next, Foschini or TJ before bringing in the administrators, along with misleading language in the RNSs. Something smells very bad here.
The only positive is that the brand will survive if this deal goes ahead and looks as if the majority of stores and - most importantly - jobs will stay.
It does seem odd to say the least. Perhaps a deal simply could not be done.
Problem is the RNS suggested that the absolute worst case scenario was a CVA, but not before an equity raise was fully explored - as it doesn't appear to have been.
Unfortunately there won't be anything left for shareholders here. 0% chance. The takeover company will buy the parts of Joules they want on the cheap. The rest will hardly be worth anything.
Laws need to change to make the board more accountable in these situations. The board of Eve, Made and Joules all have serious questions to answer and shareholders end up paying the price or their gross negligence and mismanagement. I do wonder the frequency of underhanded deals between the board and takeover company in these situations.
Bloomberg suggesting next have bought us
Along with Tom joule. We’ve been shafted
Wink
Who didn't see that coming! https://www.bnnbloomberg.ca/next-buys-collapsed-uk-retailer-joules-out-of-insolvency-1.1853532
Simply a disgusting RNS. Tom has done very well for himself, going from owning under 22% to 34%, while shafting all other investors. Definitely some underhanded deals have gone on here. Unfortunately PI's left with nothing.
'High standards' - hmmmm.........