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Has been loading up recently - and has been quite vocal about it - wonder what he makes of today's update.
An equity raise that leads to a stronger company isn't a bad thing for existing holders - if it is an open offer and you have spare cash to join the fray. TED, which raised at 75p and then was sold at 109p is a good example of how this can work out for some at least.
However, I think the main concern here is:
"Furthermore, the Group is continuing to progress alternative options with the assistance of Interpath Advisory, including CVA planning, in conjunction with the equity raise referred to above."
I read this to mean (and someone with more knowledge of these things, please correct if necessary) there is a potential for some kind of deal that keeps the company lights on, but all but wipes out existing holders.
Well I have said previously as a warning to any new shareholders it’s fairly clear they don’t have any cash or headroom going forward on their debt .
Equity raise coming which will dramatically dilute the existing shareholders.
My advice is to try and get out this morning before the price plummets back to 3p.
And that’s funny, I do recall as a broker dealer back in late 80’s executing orders in Next at 10 to 14p,.
Johnytwoshoes,
Maybe bang on with a M&S takeover, Joules are great brand and easy to bolt on the side, then Scale up further taking the Joules label as a house brand, hence why Next have an interest, they will get through this difficult patch.
1st thing they have to get their numbers out and progress will begin,.
For what its worth, I’m in at 8.25p, I see 60p to a £1 by Q3 2023
All best and Good Luck
False alarm
As you were...
What do you think the news is?
And we're up again today! My average is 22p so very pleased to see the SP drawing closer. Wonder when I'll be blue!
Are we due a trading update or will this now be after xmas? Trading seems really poor on the high street although this wet weather should see lots of sales of joules wellies !
We need a cold snap so lots of jumpers get sold!
*When they announce, this will melt faces as it climbs*
Depends on what they announce.
There are only 112m shares in issue so there are never that may shares available , against possible demand...hence the volatility down and then up.... at the lower prices, once the few shares are scooped up and the shelves are bare, the price rises quickly ...
I still have this feeling that a Fund Raise is coming and that the share price is rising to get somewhere close to the expected price for that ....they weren't going to do one at 4p
Does sound like they are getting the re-organising of the business sorted out which maybe what potential buyers into a Raise would be requesting ( if it is going to be a Book Build raise or example) ..plus some agreements with landlords too
Remains to be seen if it all materialises after paying back the £5m loan to Barclays
Bitter / sweet as was going to stick a bit more cash in here yesterday, but held off. Seems to be pretty obvious that the Co will survive (and perhaps thrive) but I want to know more about how they plan to raise cash.
Something happening here at last?
Things can't be that bad at Joules, just seen that they are advertising on You Tube.
I see this as a very positive sign.
400% for me.
It will move, not sure I’ll get my 400% but it’s still a bagger at least from here. Dyor.
Just another 840% and I should be able to break even!
On the way up again . 2% a day is fine by me
Surely the net asset value increases proportional to any raise anyway .
" possibly need a share dilution."
so what ?.... well maybe in that case you can end up with a smaller % holding of a better company, instead of a larger % holding of a poor one ....
Richard Teatum and others would be ready to invest in any Fund Raise to strengthen the financial position , and the share price "looks" like it is moving up to meet any possible Fund Rise share price offer
That is very positive news but any new investors please be careful before you rush in to buy , any investment will possibly need a share dilution. My advice is to wait until we have a clear picture of the financial situation at the company. Joules is a great brand and will succeed in the future but nobody is going to come along and just hand them £30 million and wish them a Merry Christmas. Made.com has been suspended this morning and a lot of small investors have lost everything . Let’s see which millionaires suddenly appear to buy the company out of administration on the cheap !
https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=joul.L
Millionaires don’t become millionaires by investing in bad companies.
In a year to 18 months time the share price will be high tens if not a pound .
It’s too good to fail and now has financial clout behind it .
Teatum has added another 1%. Very positive. He's had conversations with the team and he's obviously very happy with what was said.
Richard Teatum now at a 9.99% holding ..... dont think he will go above that ..as a very definite move not to reach that 10% threshold
Maybe you should go back to school and learn the difference between your and you’re