Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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So when can we expect to hear the Takeover Panel’s decision on whether to allow Brigadier to withdraw the bid ?
Cannot be the end as the original bid so undervalued the company.They at the last notice had money in the bank and a lot of their current costs barring rent will be taken out this year.Looking at the recent buys if the deal does not go through I think someone else will buy them.The purchasers have only asked the authorities to walk away it does not mean they will agree
It will be interesting to see what happens next week as this offer seriously undervalues the company as it has so much money in the bank.Looking forward it should get some relief on its rate bills which should underpin its profitsfor next year.I am worried that by not releasing their annual report due this month they are trying to preclude other offers.Ashley could buy this brand for its house of Fraser chain.Lets see next week
They have the support of approx 12% of shares accounting for the large shareholder that they quote as well as management... gunna need a lot more
Hell no am I voting for this offer. They’d be getting a steal at this price. Can’t believe the board of directors are recommending this as fair value...
This deal is a steal for Crew .It would not surprise me if another company comes in and puts in a higher offer as the price for this firm which is cash rich is so low.
This is a good deal for Crew. If they can slash costs, accelerate online revenue, and see out the death plague for a couple of quarters, they can probably flip MOSB for £50-100m in 2-5 years when markets recover.
I think this may have been a decent punt!
Not invested but just had a gander as intrigued by rise. Personally would be all over this offer if it was anywhere near or above my entry. Surely stores like MB are on borrowed time? No? AIMHO of course.
trying to get it on the cheap, i wont be voting for it.
I wonder if the market maker drop the price to fill the big order
What is all this rubbish about 1p and dead etc. This business is nothing like Debenhams and runs an entirely different model. Not only that, Debenhams downfall was primarily because it was hugely indebted (of which Moss Bros has none and cash in the bank), it had long average leases of 18 years avg which it couldn't get out of (Moss bros is 50 months). Heading towards 40p in the next 12 months imo.
Could Mike Ashley be interested in this at these prices - to put into HOF ?
Hi All,
Moss Bros is running at a net loss per their latest updates which means they are burning cash and running the business on their debt facilities. Would be madness to pay any dividends at all, they cannot afford it bottom line. Still a great company and if they smartly exit the poor performining sites and the UK gets over Brexit uncertainty they got a chance to come back but it ain’t at all certain.
Moss boss still pay a dividend
Moss BROS still paying their divi
I think think if you’re looking for a quick buck, retail isn’t the other for you invest right now. However, here is a quality company with a decent management team with cash in hand. Even with all uncertainty and chaos on the high street, they still expect a profit and are refraining from cutting their business to bolster profits in the short term. Give this 6 months to a year and I think you could be doubling your money here. Sterling is poised to rise, UK consumers will be back spending, the supply issues have sorted etc etc. All my opinion of course but I’m in on this one.
Nearly bought in after the last profit warning. Glad I didn't. One to avoid I think.
aren't people buying more waistcoats from them though? Due to the world cup? ;)
This again as far as retail stocks are concerned is very underpriced.
They flagged the supply problems early on in the year which were put right.
Their reasons for the decline are very plausable due to world cup and heatwave as both events most probably affected men more than women.The loss was due to one offs so this is a share that is trading 60% less than last year and has a good future.
They're losing their shirt
Ouch... overdone drop?
Up today
Big trade yesterday. Almost a million.