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For Mikey's empire.
Most reopened shops seem to be doing well and he has picked up anything going cheap from the administrators for the recovery from Covid.
Good old Mike....smash and grab again from the receivers!!
Dave Whelan must be well ****ed off!
i agree mate take your profits and buy a fat turkey for Christmas, nice.
What a day i got my wish come true .
You've got to hand it to MA. Full marks Sir.
Why didn’t I buy in under £2 , gutted.
Average volume 578.52k
Shares outstanding 521.66m
Free float 175.12m
The Company has entered into an agreement with Liberum Capital Limited to conduct the Programme on the Company's behalf and to make trading decisions under the Programme independently of the Company. The aggregate purchase price of all shares acquired under the Programme will be no greater than £30,000,000. The maximum number of shares that may be purchased under the Programme will be 10,000,000 ordinary shares.
Hey ups whats going on here at Ashleys Empire!!!!!!!!!!!!!!!!! SPD Sports Direct
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^SPD&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=25&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
getting near a breakout longer term.......
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^SPD&type=4&size=3&period=6&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=25&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
forward p/e 17.6 2020.
Always a controversial character Ashley rebranding the business.......
https://www.marketscreener.com/SPORTS-DIRECT-INTERNATION-9590226/news/Sports-Direct-International-Mike-Ashley-to-rebrand-Sports-Direct-for-new-high-end-image-29642523/
Any news on this? Is it going further up or should we sell?
So it's made £3 … 11 days before the closed period so unlikely to get a new share buy back tranche at £3.50 or £4 before 25th Oct ... closed period through to December interims (was 13th Dec last year) ... hence am guessing we will have a couple of months of flatlining
I'm not sure he ever stood much chance on the court case with the level of landlord support unfortunately.
On Cambridgeblue's question - MA is on about 62% of the company but each buy back is relatively small 10m shares=c.0.2%. I don't think he is trying to take the company private - it makes his assets illiquid and stops his opportunity to make a profit from trading shares. If you look at his track record over recent years then there is a pattern that could be explained as: bad news (inc negative PR) dropping the share price … then a period of 2or3 share buy backs (using up the strong cash flow from the business) getting the share price up (often coupled with better news from the company) … and then MA selling £100m or £200m worth of shares at the higher share price. Net Net he ends up with the same % but has received £100-200m pre-tax in effect using company cash flow of only £60-100m that if it had been dividend'ed out then he would of only got his 62% share pre-tax. Watching his share buy backs over the last 5 years has been interesting
DEBENHAMS GROUP
Outcome of Challenge to CVA
Debenhams notes that the judgment in court this morning has affirmed that its CVA proposal continues to be effective. The challenge to our CVA was rejected on four of the five grounds of challenge, and the remaining ground has been addressed by the deletion of a technical provision of the CVA relating to landlord forfeiture.
Stefaan Vansteenkiste, Debenhams' CEO, commented:
"We are delighted that the court has today confirmed that our CVA is effective and will continue to be implemented as planned. We note that the only aspect that the judge required to be adjusted was a technical provision of the CVA relating to landlord forfeiture provisions.
"Our proposals had unprecedented levels of support from our landlords and today's outcome is good news for our 25,000 employees, our pensioners and suppliers. We retain the support of our lenders, and everyone at Debenhams can continue to focus on trading ahead of the important Christmas period."
Well what is the difference in % that MA owns before and after the recent buybacks ?
He’s taking it private.
Indeed … announced another 10m shares up to £3/share after the AGM … runs through to 25th Oct closed period but could get to £3 price cap before that. In previous years, when that happens, they have sometimes announced an additional buy back up to a higher price. I'm not sure what appetite there is for the share without a buy back
Certainly not going to impact the SPD share price.
The buyback scheme seems to be keeping the share price on a one way train.
Mike’s % ownership must be notching up now - almost a glacial speed privatisation...
Pearls, not sure on any DEB rumours, but sadly no outcome will favour previous shareholders as the administration process has already been executed in April. FYI have already recognised the loss in my tax return.
Are rumours true that this is going in Mike Ashley's favour?
Its not a smooth ride but 214p to 248p since the latest share buy back started on 29th July. It's max 10m shares up to £3 and finishes on 10th September. Feels like it will keep climbing till 10th … could get another nice 20% rise in by then from Friday's close. Day traders paradise.
1.5 million shares traded out of 532million total, 11% drop because of an auditor walking away after 10 years?
Today's RNS. One tainted brand ditches another !
See he’s added another retail basket case in Jack Wills to add to his problems.Totally mystifying imo.
It’s pretty obvious what the market is doing here imo.Selling high to Ashley during stated buy back period which will surely benfollowed by a sharp fall as nobody else will want any of these.Bizarre action by MA.
https://news.sky.com/video/sports-directs-debenhams-stake-time-will-tell-11442616
Great to see such inspired nepotism being laid bare. The synergies between Debenhams and HOF have sadly not been allowed to play themselves out under the ‘expert’ leadership and guidance of SPD And the likes of MA’s daughter’s boyfriend who is the ‘future of the business’.
And after watching such an insightful interview from the ****y, dry mouthed little upstart how could you not be a follower and throw as much money as you can into SPD and back MA all the way to the land of unicorns and fairies.....??? A truly shocking state of affairs whilst all the seasoned members of the Board together with reports that the second tier auditors Grant Thornton continue to race for the Exit sign thereby leaving an ever increasing proportion of sycophants in the MA echo chamber of corporate governance doffing their cap to the mighty Man himself.
In the meantime the share price defies gravity. Truly extraordinary and I can only wait for the next instalment but given the brazen approach of MA, one thing is for sure, it won’t feel shocking when it is delivered.
Weak GBP is also a factor to hit retailers depending on level of imports, weak GBP is going to help miners like POG, where gold price is up , dollar steady , and multibagger company turn around