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Looking at the Takeover Code on Management Buyouts - they would have to appoint an independent valuer to advise all shareholders on the company's value.
The current listed company must have attractions to them too - they can slowly exit if desired whereas it wouldn't be so easy with a private company.
I hope this isn't the start of a management buyout. Shareholders have taken the risk over the last year but would then be denied the upside.
Anyone know how the mechanism would work with the family at 53%?
For a buyout, the Directors need shareholders' consent well above their own 53.72%. A considerably premium
has to be offered to get shareholders consent. So their buying just now at just 80p is actually on the cheap.
53.72% of the company between them lol
Smells on the cards
Must offer more than eighty pence now they have bought for that amount on the market
Next stop a pound choo choo lol
This IMO explain why they have been so subdued in their recent communications. This company is so cheap on the perspective of a turnaround after Antony Smith have taken the lead of the company again recently... There are many reasons to sell, but only one reason to buy - and at the current valuation the reason is pretty clear!
I reckon the Directors have witnessed an 'explosian' in footfall, hence their large Buys.
Great sign!
RNS out - Major shareholders nearly bought 1.6 million shares from open market. We are about to lift off today given the illiquidity of this stock! There will be scampering to buy more IMO.
A stroke of luck then.
I was gonna sell some BP and buy 10K more this morning but BP was flagging and didnt want to sell at that price - damn
And Shoe Zone is back!! :D
Shoe Zone will come back, shops are open and with digital channels added. This one is for the bottom drawer for me.
Lol, they probably have sole-d out but I can provide many instances of huge companies that have made profits higher than expected by the market and seen a pull back on results day.
means many people aren't wearing the update today and have in fact sole-d out.
Looks fine the RNS - digital sales is the channel to go thru in a pandemic as with the Works that I have a bulk of my money in for some time. The bit about all the staff on furlough seems to show lack of disregard for shareholders, as they seem to want to spoil the RNS - probably because the owners want to take this back in private hands ...anyways -see y'all back in 12 months when this should be up in value and away from its silly low market cap... just bought more at 67p - onwards and upwards - ignore the haters ... even the board of Shoe
What makes you think this is bad from the RNS?
From reading the RNS, it doesnt seem bad at all... They are looking to build upon there plans pre covid of bigger stores. Sales started strong.
Why has this dropped??
I dont think huge impact especially for Shoe Zone, they don't sell £500 ticket items. Short term is all going to be about store reopening and revenues recovering to pre-pandemic level. At least thats the message I am hoping to hear on 18 May to take us back to 100p+!!
Does anyone have a view on the impact of inflation on Shoe Zone and retail sector in the medium term?
Looks like everything is down this week. It's a good time to buy anything you previously thought was too expensive.
Expect a positive update since stores opened on 12 April and then Superdry and Ted Baker style recovery!! Hopefully back to 130p soon.
Decent results from Next. Possibly a slight read across to Shoe with regards to the first few weeks trading after lockdown and forecast for the rest of the year.
Taken from the ABF Iinterim Results Announcement, but hopefully a read across to ShoeZone:
Primark sales after store reopenings demonstrate the relevance and appeal of our value-for-money offering. We are excited about welcoming customers back into our stores as the lockdowns ease and are delighted with record sales in England and Wales in the week after reopening on 12 April.
Taken from the ABF Iinterim Results Announcement, but hopefully a read across to ShoeZone:
Primark sales after store reopenings demonstrate the relevance and appeal of our value-for-money offering. We are excited about welcoming customers back into our stores as the lockdowns ease and are delighted with record sales in England and Wales in the week after reopening on 12 April.