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It’s the highest price paid by any shareholder over the last 12 months
Would the offer not have to be a minimum of 1.25p Which was the Highest amount paid by Fraser group in the past 12 months?
In accordance with Rule 2.4 (c)(iii) of the Code, They are required to offer a price of not less than the maximum price paid per share in cash in accordance with Rule 11.1 of the Code, being the highest price paid in the 12 month period prior to being named as a potential offeror.
I very much doubt they will offer anything like 1.25p and it probably will be 6/7p +
Yes about 9p !
You need to read the code on takeovers, it's highest price paid in preceding 12 months by the offerer.
This company is worth much more than the current Mcap.
"Two very wealthy, heavy hitters are interested in it.......
Sir Philip Green (estimated worth £910 million).
Mike Ashley (estimated worth £2.99 billion).
Could be a bidding war ????
Looks very interesting here >>>> ££££
STRATEGIC INVESTMENT MYSALE PLC
Frasers Group announces that it has acquired a 28.7% holding in the Australian-based fashion marketplace, MySale plc. MySale connects global buyers and sellers to Australian and New Zealand ecommerce sites.
The Group believes this creates an opportunity for a strategic partnership whereby end of line Group products can be cleared via an established clearance channel. This pipeline will be further enhanced by the benefits of counter seasonality between the European and Australian climates.
It is a stock market minnow. An Aim-listed Australian online retailer worth little more than £10 million after a tumultuous eight years as a public company during which the value of its shares has fallen 99 per cent
But Mysale, a rarely traded penny stock that trades out-of-season fashion, homeware and beauty products from European and Australian retailers, now appears to be at the centre of an extraordinary battle between two of Britain’s retail tycoons. In one corner Sir Philip Green (estimated worth £910 million) in the other Mike Ashley (estimated worth £2.99 billion).
Shares in Issue 877m
Market Capitalisation £23m
Market Size 200,000
52 Week High 8.95
52 Week High Date 15-Oct-2021
The Year High from Fraser Group is 8.95p? Or just the year high for the share?
And the year high is 8.95 p. !!
A bit of a strange purchase. It looks like they are going to make a bid to purchase the company?
Frasers group have bought 28.5%.
Wow this hitting all time low. Is Mysale deliberately s@itting on this stock to buy back cheap?
Interesting the strength of the rebound here. Probably Mike Ashley or someone else taking a strategic stake. Joules by comparison also took an initial 40% hit last week then a further fall. Slight rebound then pull. Both have presented great opportunity for a recovery.
Half year trading update
MYSALE (AIM: MYSL), a leading international online retailer, today provides a trading update for the six-month period to 31 December 2021 ("H1 FY22").
Gross Merchandise Value ("GMV"), increased 36% to A$86.7m (A$63.8 H1 FY21), reflecting progress in scaling the Group's off-price marketplace platform, which is expected to become the Group's largest sales channel, underpinned by the higher margin own-stock channel. As a result of the changing sales mix and growth of the marketplace channel total revenues declined by 6% to $59.7m (A$63.8m H1 FY21).
Gross profit was A$24.9m (A$24.1m H1 FY21), with gross margins improving to 41.8%, an increase of 370 basis points (38.1% H1 FY21). However, supply chain volatility in Q2 impacted on broader profitability, with Underlying EBITDA* of A$1.0m ($2.5m H1 FY21).
One sell , wow. How does it his share move when no one is trading it?
Now their shares offer has been cancelled. Back to crap price.
MySale Group is proposing a consolidation of its shares. Every 15 shares you hold at the end of 29 November 2021 will be replaced by 1 new share. Following the consolidation, it’s expected the share price will be approximately 15 times higher than it was before.
At the same time the company is offering to buy back some of its shares at a price which will be announced on 29 November 2021. The company has indicated that the price you’d get will be between AUD1.75 (approximately 95p) and AUD2.25 (approximately 122p). Please note this indicative price is per post consolidation share so has been adjusted to reflect the 1 for 15 change.
Looks like share are been consolidated. 15 old shares for on new one.
Oh, heady days of £1.20. not much here then. See you next year.
Not much going on here?
new lockdowns in AUSSI/NZ is good for mysl / online shops.