Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Temuchin - I am sure that I am not alone, in saluting you for your honesty with that post.
Good for you and I wish you the best of luck here - whatever that ends up looking like. . . . ATB
Hi Munichmann, glad you are surviving the unknown, and thank you for your good wishes. It's interesting there's no leak, nothing from the guy at sky news who usually seems to know first, and nothing from the market makers! Looks set for a Tuesday announcement may be, and a possible extension, in which case, if that happens, and the sp drops again, I might buy back in. I was saving money aside for further medical bills but given up on that idea, as the medical profession instils me with no confidence whatsoever at the moment, but at £325 for a 30 minute consult, that achieved very little, that consultant has managed to buy himself a few easter eggs no doubt! Need to leave London, it's certainly become the rip off capital!
On Jade's insta, she seems to be on a not very sunny beach somewhere with the kids, but in shorts. Do they own a place in Jersey or France may be? Can't be here surely? I imagine they must all be away, so that makes me think there's not much chance of news today, but fingers crossed for everyone regardless.
Have a fantastic Easter Munichmann, Atisha, and everyone, regardless of news/no news here, live each day to the max, as we live in some very strange and extraordinary times, with much uncertainty all round xx
Call The Travel Lodge perhaps!! Lol!!
When we first had this post, as I Live in Cheltenham and I know this hotel very well, anyway I called and spoke to events and ofc they had no event booked for SD. But we were enjoying a blue day so i did not post this but maybe I should call again ???
PS by the way, the same applies to me. I took a punt on a JD offer coming in. But I always felt that he was an awful CEO!
I'm after a 'quick buck' here, but could not care less about Superdry Plc after that, as I am 'betting' on a scenario and not a company. . . ATB
Temuchin - I get the impression that you are here because you 'hope' that a bid will come in from JD and that you will make money that way? That's 100% fine. I get that. No problem. BUT that does not mean that you start defending a CEO who has lost his shareholders 95% of their money, in five years! Do not confuse the real reason as to why you are here. You are betting on an offer coming in from JD and making a quick buck - NOT investing in Superdry Plc for many, many years down the road and possibly making some slow money. No need to defend him therefore is there?! You are confusing why you are really here it seems to me. You are 'betting' on a 'scenario happening' not 'investing' in a company for the long term.
Hi Toffers - Glad to see you are still here, i now you have had some issues to sort out, i did read all your messages but thought i would reply later, so that's today. I can't deny that this share is very perplexing for me, 2 months ago the pitch seemed very clear, a direction of travel that needed no explaining, all was logic and all made perfect sense. I just can't read this share in any way, shape or form, its become my fickle mistress. I now have a plan B and so have acted accordingly. I assume you will ride the coat tails if it starts to fly, so this is my plan C. I think the PI's will vote with their trades if we just get another extension without at least a progress update or statement from the board, anything really. The last few days have been good so that's always a plus and has made my plan B easier to execute, so have taken a haircut on a block I was holding but still firmly believe its going to end well, but like everyone else I have my limits, I can except a wait, but I can't accept a 3 or 6 month wait and see approach. Anyway really good to see you here and chirpy again with your posts. GLA.
Better off phoning the Hilton to see if the party is still on 😆
Believe they have until 5pm next Tuesday due to Bank Holidays
You could always email the HQ and ask them if the company is going to make an announcement today? They will no doubt be closed tomorrow and Monday.
care@superdry.com
Yes 'he is the founder' and 'it's his baby' blah, blah, blah. BUT I for one would support a motion of 'no confidence' and demand his resignation as CEO, if this was (as seems likely) to continue as a Public Listed Company. JD should resign, once this farce has concluded. He is not fit for purpose as CEO. Perhaps he could become something a bit namby-pamby like 'Chairman of Superdry'. Just not a sharp-end role such as CEO! It's very clearly not his strong suit.
Same happened at ASOS and BOO, it is forward that matters now, and yes agree shareholder value has been aweful while he has been CEO. However, doesn’t change that he wants to own all of it now at the price acceptable to the board and then continue to streamline post covid, post supply shocks, post inflation nightmare and interest rate rises. I, and JD clearly, believe current market cap is not correct for the CURRENT state of the business and the future prospects!
SavvyInvestor - if presiding over a share price collapse of 94.46% in your tenureship as CEO is an "impressive turnaround" then I would love to hear what you think a poor effort looks like! Dear God, JD has been a total disaster for SDRY!! Like a total disaster. Shareholders have been almost completely wiped-out, because of JD being the CEO. The buck stops with the CEO and nobody else...and that CEO has been JD. Nearly 95% is NOT an "impressive turnaround".
As founder and CEO for last few years he is responsible for the impressive turnaround (yes still loss making but close) closing stores, reducing inventory from 19m to 7m units and now more items sell for full price so margins steadily growing.
Why would he say he wanted to get funding to buy the company unless he will then do it. For me the only question is how much he has available if the board turn down whatever the first offer is. Worst case scenario he bids 60p and board rejects and he hasn’t much room to increase offer, all my views. The Kellets clearly believe buying 3.3% of the company at average of about 36p is a sound investment.
You don’t make huge returns without some people being fearful. The company is on solid footing and internationally has a brand that others are willing to pay £10s millions to use. I will continue to add today.