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6/7p the "demand" zone
Exit liquidity pump to 20+ next
Yes ;)
But could you sell them at a profit 😆
Finished above 7p. Happy with that.
FYI I could sell £40k above 7p today :)
StockCheque - I'm not a holder here. Just an SDRY customer. But experience suggests your take on how things will evolve is totally misguided.
All I can say is good luck on getting anything decent back on your shares if SDRY delists & moves to a matched bargain basis.
As for anyone thinking of bottom-fishing at the current price, my firm advice would be "Don't". It's over.
Another failed bounce.
Back to 6p.
Here's my example" I am the major shareholder in my company'i delist from the Stock market"do not pay any dividends "submit my accounts once a year and pay myself as much as I want'do what I want with my company without any scrutiny (apart from HMRC) Why would I want to purchase any more shares?
100% Scotty, he is a massive bulls**er and is just trying to hoodwink people here. Talks utter ramping nonsense!
Stockcheque, what an absolute load of nonsense. You talk about JD as if he’s the saviour of SDRY, he very much isn’t, more a Judas style character. He’s watched the company get razed to the ground and only now at its worst you believe he can fix a problem he created? And you believe he can turn it around? Why not turn it around or grow it when it was at £10+ plus a share or £5+ a share, did the alarm bells not ring then? Did someone steal all the red flags, but wait why not turn it around at £2.50 a share or at £1.00 a share? When will the messiah step in, 75p? 50p? 25p? 10p? 7p? Oh there he is, everything now will be rosy, he’s here to save the day after monumentally ruining a business you’d have us believe he loves. If he did he’d have bailed it out a long time ago and not waited til now to rescue a brand that’s dead in the water, full of shareholders he’s royally shafted & one overly optimistic like yourself who believes “he’s the man”. You’ll die a poor man believing what you believe.
Thx Sheltie
This is worth a look ALGW.
"If you would like to buy or sell shares in Ruspetro Ltd please contact the Company Secretary." Have you done that?
"but put all the profit in his pocket or back into the company"
If that were true then he'd buy the stock off you today so he gets more profit to put in his pocket. Maybe if you contact the Company Secretary and ask them, he will.
Your logic is very flawed on how SDRY plays out IMVHO. You are not looking at what JD is trying to do, or that the company wants to take all investors with it into private ownership and for everyone to do well out of it from it's rerating by Auditors and later on from re-listing when it's back at a huge MCap again. That is how JD plans to make a fortune, and we can tag along for the ride, or not if you choose not to.
“The Board has spent a lot of time engaging with Julian Dunkerton to come up with a plan which gives the business the best possible prospects for the long term while protecting the interests of shareholders and other stakeholders to the greatest extent possible. The business has faced extraordinary external challenges and, while good progress has been made on our cost saving initiatives, more needs to be done to get the business on a stable financial footing for the future. We believe that the proposed Restructuring Plan, combined with the Equity Raise fully supported and underwritten by Julian, is the best way to achieve this, together with a delisting which would further reduce costs and enable the business to progress the turnaround. While we recognise the compromises we are asking from some of our stakeholder groups, we would urge them to support the proposals which we believe are the best way of ensuring Superdry’s recovery over the long-term.”
"The Company intends to explore the implementation of a matched bargain facility with a third party matched bargain facility provider in the event the Company is delisted. This will facilitate shareholders buying and selling shares on a matched bargain basis following the Delisting. If the Company decides to implement such a facility, further detail about it will be set out in the Circular."
And from the schedule it's not long to "Publication of Circular: May 2024" when we will see if they are going to set up a matched bargain facility.
Pumpky you are completely correct. The massive lack of liquidity following a de-list, creates really big problems for people wanting to sell their shares. 'Over the Counter' trading , is well known for being very challenging for sellers.
And trust me, JD will NEVER re-list Superdry again! Zero chance. However well it 'maybe' does in the future; JD is 'done' with being listed!! ATB
I have tried to sell them every month for years:No one wants to buy them 'Why would they when the Directors of RUSPETRO hold the majority of shares"and can pay themselves and do what they like with the company"Even if they ask for a vote on anything (which they wont) they will win that vote every time "Why would Superdry Relist after going private? After delisted Jd will be the major shareholder and can do what he wants/likes All he has to do is yearly accounts "Not pay dividends "but put all the profit in his pocket or back into the company
As for RUSPETRO, it says on their web page "If you would like to buy or sell shares in Ruspetro Ltd please contact the Company Secretary." Have you done that?
Pumpky,
I won't have any difficulty selling the shares at all. Those accumulating sizeable positions in the company will gladly take them off me. Or when it's relisted at a much higher MCap after it's fixed, I can sell them then if I like. Or I can sell them through the trading facility that is set up.
"The Company intends to explore the implementation of a matched bargain facility with a third party matched bargain facility provider in the event the Company is delisted. This will facilitate shareholders buying and selling shares on a matched bargain basis following the Delisting. If the Company decides to implement such a facility, further detail about it will be set out in the Circular."
Stock"I think you will have difficulties in selling your shares if it is taken private"Why would anyone want to purchase your shares as once private "they can do what they like without market rules:I have a RUSPETRO share certificate and have tried to sell them for years without success
K3NTY,
Nice to see a flurry of buys late on and a rise of 10.9%.
No point in me averaging down any more, as I'd have to buy over 1m to make the pence per share make any worthwhile difference, so sticking where I am and holding for the big money, whether that's from a surprise bid or from an Auditor rerating once it goes private. I'll make a decent profit here, one way or the other.
😝
No UT today
Well of course you would say that; it's 7.75 bloody pence, for God's sake!! OMG 😳
#strongbuy!!!
Bottom looks to be in. Should see a nice rise from here onwards.
Yes still invested and ignoring the no life trolls on this bb.
Good luck all :)
Alpha Financial Markets Consulting plc announced this afternoon of a bid incoming too, that would be another GBP560m UK listed company gone.
They are dropping off the market like flies, simply because the whole market is way undervalued.
A strange rush of buying at the end today, up 15.67%, what gives?
Another small cap hoovered up on the cheap today. Trinity Exploration got an offer from Touchstone. Trinity gone at GBP20m, 3 years ago it was 5x that valuation.
If a bidder came in for SDRY now, they would be getting a similar bargain even if they paid £100m for it.