Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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JL76
It's a gamble and nothing else.
Every sign is that admin is days away.
No red dot again.
Maybe miracles do happen for Xmas!!
GLA trading it and remember don't buy the spike on new news as it always ends badly
Health Warning
Do not put in what you cannot afford to lose. Trading could be suspended any moment.
DYOR
Obviously something very positive is happening beyond the scenes
From a £2m market capitalisation it has the best chance of a 10 Fold compared to any other stock
Just keeps going!
Extraordinary.
GLA
Only needs to hit 5p for a 10 Fold
Antler. Clx was probably one of the few exceptions. iPo at 50 p quickly doubled in sp and even now settled around £1.25. It’s a bit of a lottery. Brokers clearly don’t know how to value . Sometimes they wit to see if there is an indication fro the market. Some have to cut the price to set it off the ground. Dark was a case in point. What a roller coaster that has been. Good luck all and live to fight another day
Antley interesting post from guardian thanks. There was also. Huge hole left in the market by the demise of Habitat. The quality of build and design was much higher, although there were plenty of derogatory jokes about them . People like new stuff for a new / first home. Cheap and cheerful, maybe a little bohemian. Trouble is people don’t realise what it costs to have quality and design. The trick is always in the marketing and lighting to make stuff look better than it is. My son bought a bed from made. bomb before it listed for his first home. Needless to say it fell apart before he even slept in it. They sent another Straight away and didn’t even bother to take the old one. About two days old actually. I watched in utter disbelief at the IPO. When I discovered the founder was the same guy who founded last minute. I put aside any temptation to risk what looked like a bargain. Just like their furniture. They reall should put out a wealth warning with some of these IPOs. It coincided with ‘free’ internet brokerage and no doubt some excess furlough money got sucked in. The founders walk away with £200 million inside 18 months on yet another failed venture. It absolutely sucks and I hope people have not lost too much individually. I hope the staff get something. I see Jamie Oliver’s Italian job got taken to court and won some compensation. Guess who paid? The taxpayer of course
How is there no regulation though ? To raise 775m only a year ago from shareholders and then go into administration!? I mean what the ffk?
Pretty sure cash run out.
A proportion of staff will be transferring to TUPE company on 1st.
Sales have been halted as they can’t guarantee couriers/suppliers would be paid.
Refunds/cancellations/returns cancelled as can’t be seen to favour some creditors over others.
Amex payments stopped a while back, I imagine most PayPal, Klarna, credit card customers have raised a dispute to get money back as conservative estimate I would say £300-500k for last week.
The news will come on 1st I reckon. Allow proportion of staff to TUPE and those left out in the cold :(
Have to say, I’m amazed it’s managed to limp along til the end of the week. I seem to recall from the FSP statements that the bidders needed to have submitted by 31st Oct and accommodate a cash injection at that point (or soon there at yet). As such, should we assume by made’s own estimates the cash reserves pretty much deplete shortly…? The Telegraph have reported that PwC are lined up as administrators although until there’s an RNS, all speculation. Good luck those still in - I hope a miracle happens for you.
Disgrace or more to delve into. Surprised these things don’t get scrutinise in their annual accounts.
Says it all….
https://www.thetimes.co.uk/article/01b70312-5633-11ed-a03e-f7ac672386f7?shareToken=47c778aace141f92de202136a1883551
Ah right thanks. Oh dear!
US
Can’t see any figures…..??? !
Mcap is now 2.26 Million, completely bonkers. I can guarantee they will have that in the bank, excluding the stock. The problem is of course it will run out of cash by Christmas. I have written this off, only 5k, but it could have a been more, I very nearly threw my THG pot in here as well. You can’t win them all, Ying and Yang and all that, but the dog still has legs and hasn’t been put down yet.
I could have sold for £66 profit overall but kept it in. The board owe shareholders
Product is great, the board have been shocking
Exactly I sold over half and it’s pathetic seeing people heartbreakingly selling all these shares for this price when we put so much in back then.
It’s gridlock really. I just have over 100,000 shares left and prepared to not order any oil this winter !
Come on, who is brave enough to hold these shares over the weekend
Tried to return my shares but the only thing being refunded on Made website is all the cushions which pose a fire hazard!
I thought would that do the same 90%+ jeez. I’m getting tunnel vision with this!
Going down- I mean on!!
Antlev, I’m not into fairytales, all I need is the sp to hit 2p just once and I’m a very happy man. I don’t care if it drops to 0.10 after that, all that will do is give me another buying opportunity lol.
Look at EVE............ that was a PrePack deal to Dream Beds and and the shareholders were the casualties.
McColls was the same to Morrisons
This has PrePack written all over it.
Don't keep in what you can't afford to lose.