Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Money to be made here in the short term (up till a June 2024).
SP will be volatile but will go north from here. Expect it to hit 15-20p in the short term or maybe more.
End of the day it’s your money so don’t listen to me or any other of the derapmers/rampers on this board.
Ok thanks
So just worked out what average would be if allocation taken up
40p 5.3p
30p 4.2p
20p 3.1p
10p 2.0p
With 900 million shares in issue
Please correct me if wrong
If you hold at 30p say to get your money back the new share price you would need to receive is 4.2p per share ?
Regards forest
Sheltie 100% mate.
Shows their inexperience. A quick daytrade yeh but those saying takeover and they are taking up their allocation. DOH ! Don't they understand what's happening here....
Sheltie takling utter shi-tie.
The company is so undervalued and cheap enough to fix, it MUST be attractive to potential bidders, there's no question on that front.
Yes 100% agree Garydav2 - be very alert to the new wave of rampers arriving here folks; spouting utter rubbish, as they like to do. They have only just bought in here, so whatever they say, is just not relevant to folk who have been here for months and lost a ton of cash. Don't get tempted back in!
That is my understanding too. In the open offer JD can only buy the shares he is allocated by virtue of his holding, he can only buy your allocation if you do not buy it.
I am buying my allocation, as it keeps my percentage of the company intact, and helps prevent JD from ending up with so much of the company that he can force me to sell. Everyone should take their allocation for those reasons, so long as they can afford it, of course.
Really JD ? I would expect a 6p ISH finish.
Don't get caught when the music stops
It's not a Director Buy.
Just a normal PDMR purchase . Not worth commenting on
Good guess same thing happened in COPL. That was more spectacular though because the bond holder at one point shorted the entire float of the company 🤣
More likely the shorts are clearing before it’s delisted. Which is going to happen according to the company.
My understanding is you retain your pre emption rights meaning you can buy up to 8 new shares for each old share held to retain your % holding in the company. You don’t have to take all those 8 new shares up but you will have the right to before anyone else gets second dibs on them.
You’re right Medjed
Jennifer Richardson bought 123 shares for £10.08 lol
Market thinks that’s a solid move…
Just clarifying
As I read it you get 1share at 1pfor your share you hold , I assume this means we just have double the shared in issue as will only raise 1 million so jd will put the other 7 million to it
Thoughts please
I think it is highly likely that a bid could come in .I have a number of shares that I am holding and currently will not sell.Looking at the document again in an equity raise they will only raise about £8 million and say that the other shares are worth around £6 million it would mean that JD is getting an absolute bargain and if £8 million solves all the problems one could ask what problem .With an equity raise of this amount it proves that if JD is going to put this money in the value must go up a lot.They do not need to take on the extra loan if enough raised and they will turn the corner.I am sure today in some boardrooms they are looking at this very closely.I know if I had the equity I would take this firm out and I do not like the way JD is shafting shareholders.
Good morning Heggy, no i am still holding, i have a mix of buy ins. So 75% of my holdings are at an average of 10.5p. The RNS from yesterday was a shock but its also made the company ripe for a takeover bid. You can see that again PI's dumped yesterday but today new buyers are liking the 6p share price. I can only sit and wait for now, its a long time to June, this share can still surprise us all, the RNS had some good points but its got to restructure and all this news will put pressure on the retail landlords to accept revised leasing terms, so lets see if this works as we all agree SD needs to do something to reduce its operating costs, its a strange way of applying pressure to accept the reality of cost cutting so again i wait it out. Do i wish i sold out when it was 40p, yes, will i sell at this price, no. GLA.
Just be cautious good people! Day traders will be all over this now..
I remember a few posters saying the exact same thing, when I.K was printing new holding updates here.
Crazy gamblers, some of you are, since the most recent update :) GLA.
Stock check. what gibberish are you talking... £ 8mill isnt the price. it has market cap of £8 mill. it also has debt of close to £30 million and expensive ease obligations.
Although this has not been officially released , I heard that once private ,the company is to be renamed Supernova!
That's always a possibility. The market cap significantly undervalues the company due to the financial risk, but if all the company needs it 8 million euros and a restructure then it's a bargain for any predator, and the ones likely to bid would look at the task and the cost as the easiest win they could dream of.
As I said when JD decided not to make a bid, if it delists I would keep the stock and wait for them to turn the company around privately. This to me has a good chance of getting shareholder value back.
The open offer option is the one I would take, as it keeps my percentage of the company intact, it does not gift part of it to JD.
If the restructuring works, the company as a private entity will be valued far higher than if listed, due to the poor valuations of UK listed companies Vs private or other stock markets.
Remember tho £400m to £600m valuations, well that is what IS POSSIBLE with the company taken private and turned around. So I will ignore the doom mongers and stick with it.
As a private company, the valuation is decided by auditors, not a crap stock market that is more interested in shorting great British companies to death than building them up.
Whatever the market cap is today it's irrelevant to what the auditors will value it at when it's a private company, that is why JD is happy to underwrite the offer, because he will take all the stock that other shareholders don't take, in the knowledge that as soon as it goes private it gets a massive re rating by the auditors.
The plan looks sensible to me and would give JD a chance to turn things around.
Retaining all 94 UK stores while reducing the rent and rates on the 39 that are underperforming is, if achievable, obviously a sensible way forward.
Extending the maturity date of loans is equally practical.
An open offer appears more of a challenge unless the share price stabilises.
Delisting the shares from LSE while the company seeks a firmer footing is fine by me. Being in the media spotlight for all the wrong reasons is clearly not helpful. And it's not impossible to trade shares outside of an established market place.
So perhaps a little more cautious optimism is called for. As long as there are people willing to pay good money for the IP, and sales in the hundreds of millions, there is at least some hope the brand can survive and current shareholders make a return on their investments. Although the latter is very unlikely to be any time soon.
Moreover, the CEO has personal reasons for keeping the company viable and is prepared to back this plan with his own money. Love him or hate him, that is the big difference with Superdry.
For the record, my investment in the company is very, very modest - 1000 shares at 13 pence each.
Am I misreading or was that an RNS to let the market know a director bought £10 worth of shares?
🤣🤣🤣🤣🤣🤣
What confidence in the company!
Pathetic!
Vote against these waste men and women, vote No!
The key is the AT bots buying. need them to come in strong.
Once MMs have picked up all the 6p sellers this should move north.