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So £8m gets you prime Oxford street site…. Other prime sites ….£150m of stock … and £200m debt.
I’ve bet £6k it ain’t gonna happen… can cash out for £3k…. But I just cannot see this “opportunity” being missed
#1🤡
Anticipated timetable
Publication of PSL 16 April 2024
Restructuring Plan Convening Hearing 16 May 2024
Publication of Circular May 2024
General Meeting June 2024
Restructuring Plan Sanction Hearing 17 and 18 June 2024
Restructuring Plan becomes effective June 2024
Delisting July 2024
Equity Raise completes July 2024
When is this allegedly supposed to delist?
Filtronic (FTC) is another. A good solid company with the fundamentals to deliver in this current global economic environment.
Https://news.sky.com/story/superdry-landlord-mg-eyes-challenge-to-rescue-plan-13123254
Looks very much like that was just a final 'dead-cat bounce' last week. The market has accepted Superdrys' fate it seems and JD is going to take this private for small change. Anyone interested, would have thrown their hat in the ring by now. So that won't happen. It is truly amazing how often people get away with it like this. A clearly well orchestrated and well executed strategy, by JD and his advisers; give it time, let it strangle itself, then re-buy it for a fraction. All 100% legal too! Creditors and shareholders get screwed and JD walks away smelling of roses!! Nice work if you can get it. . .
Question is how to tell the ducks from the goose!
$5bn for Darktrace? If they went to $5.1bn they could have had Superdry thrown in for free lol!
An interesting post on LinkedIn from broker Peel Hunt today, showing how UK stocks are being hoovered up, many by foreign companies/competitors. This is because the majority of UK stocks are very undervalued compared to other markets, especially USA. As UK investors we all need this to change, preferably sooner rather than too late. SDRY is a clear bargain and deserves bidders coming for it.
"There is no doubt that the UK has some great companies - this is clear from the number of people who want to own them. The Darktrace news today means that 21 UK companies are being bid for in just 4 months of which 12 are FTSE 350. At this rate there won’t be much left. There is no point whistling to keep our spirits up - the answer is real and rapid change, such as pension reform, a British ISA and removing stamp duty."
https://www.linkedin.com/posts/charles-hall-38a5b015_bhp-buyout-of-anglo-american-deals-another-activity-7189539136427499520-45ml
£20 and £10 Thousand buys"must be mad 😆
Interesting HarryA123, but it's an airport, where people have no choice but 'to kill time' until their flight is called (or are waiting to meet people coming off a flight). The real deal, for 'getting a feel for how things are going', is the good old-fashioned UK High St. Speaking of which! I was in the Windsor store yesterday. It is next to M&S in an absolutely plumb location for footfall. But not a single person came in. Not one. It was dark & dingy and had FAR too much clothing on show. It looked a mess. In fact it really looked like more like a tacky market stall, which is exactly where JD started the business! Not a good look and given that it is in such a great location, it says it all really. As a retailer it is getting pretty much everything wrong. ps M&S was, as ever, packed!
Graph looks like its recovering.
Yesterday the superdry Store at Gatwick airport was open and looking good. A fair amount of people looking around. I actually like the styles they have. If they dropped the price a bit I would have bought it. I.e. the khaki shorts with pockets on the thigh was 50quid, I would have bought it if it was 30 to 40. Younger market cant afford such high prices.
Make no mistake. This has been carefully choreographed by him and his highly paid advisers. He'll pay peanuts for it too.
Think we all want that as JD has proved to be utter scum.
But no real buying except likely shorts closing IMO.
Expect it to move up today. Someone has been buying the shares and one never knows whether there will be something in the press this weekend.Just hope it will be taken out and not go to JD
Can’t disagree with that!
Incredible strong day considering the circumstances.
Closed at high of the day.
2 punters think so £10 and £7 k buys 😆
Sheltie"A loss is made when you sell a a lower price "I purchased at 20/12 and 7 pence"and haven't sold Gary dav sold at £3.77 (Losing 39 pence a share) if Superdry goes to Zero i will have lose ĺess than him lol 😉 And he tries to tell us how to invest
Likewise I have never shorted. Too many here were too stubborn and too proud, to sell up, despite having weeks to do so. Goodness me, this was always only going one way - but folk were 'blinded' by their own emotional involvement here. Now most of those people are left isolated and nursing irretrievable, very hefty 70%, 80%+ losses. Plain Crazy.
Look through the History Pumpky.
And no I don't short
You called it from 40 pence"Lets hope you shorted it then Made a fortune 😉
Relisting of 'voluntarily' De-Listed Stocks:
these shares will have to wait a minimum of FIVE years from their de-listing date, to be relisted again.
'Compulsory' De-Listed Stocks:
if a company has been de-listed compulsorily, they will have to wait for a minimum of TEN years before they can be listed again.
In 'theory' they can yes BacchusII, but 'realistically'?? No, I simply cannot see Superdry ever coming back to listed status. Not now. Not after this mess. But yes, it is of course 'possible' - but highly unlikely. . .
I wish I had A £4.12 average on Ocado !!!!