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That isn't how a business is valued. Period.
Since sycamore started this off the sp has topped 156 so it would be a bit disappointing if they settled for 148.
Also the sp has been above 2 pounds during the pandemic and that was after the share issue at 75p in June 2020 .
As time moves on- those in the know will add a lot to make a quick buck.
Bought another 100000 yesterday!!
Dont be surprised if they are the sole party
With a offer around the 148 mark imho.
I think that it is much better to be conservative about one's expectations and set a minimum target......than to set the target too high and be disappointed. As you point out, there may be other considerations that will drive the price higher....and if that is the case we shall all be pleasantly surprised!
Not sure why there appear to be repeat suggestions that a successful bid would be at a slight premium to current share price.
A trading date range will be considered, and goodwill.
I have no doubt that the results will be strong.......adding to the desirability of this company!
If they do not snap up this well established brand name now in these depressed markets they will have to wait a long time for a another opportunity and pay much much more...... and they know it!!
Will be interesting to see if Tosca buy more from here. Of course, they could well be the final bidder anyway.
22p premium from here (£1.38) easy money!
Remember the final bidder they are talking to has been selected by the BOD,Which I am not sure that I like.However it does not stop the others who were not selected to put in their own hostile bids later on.This should be a win win for all shareholders but the market seems not to understand.This share sould have been over
Private equity firm Sycamore drops out of Ted Baker’s sale process
Looks about right the 150-180 range - surely due diligence is half way there after the bidders were given financial details to make their bids in the sale process. Can’t see either side pulling out now - would be a waste of time and money. Hopefully the trading update is decent to cement the agreed price closer to the 180
Just added another £2.5k - bargain price imv below 140p
One final preferred bidder selected for due diligence.. All others now out of the formal process.
Got to let them all do their due diligence but it seems to be a number of other parties.
Sycamore wanted it on the cheap and they didn't get it.
So sycamore are out at a figure that must logically be above their 137.5p , which means we must be in the region of 150 -180p with current party - good news if my guess is correct.
Yes I agree and they have rejected sycamore from further proceeding's who started this off with such a ridiculously low offer.
I take that to mean an offer has been agreed in principle subject to confirmation after DD completed by the potential acquirer.
The RNS today I think is good news as they must have picked a company that is willing to put a good offer on the table.It might take a few weeks.However if it fails one or more of the other companies could come up with a bid.I am surprised however that they did not pick two of the companies and I am slightly worried that they might have picked a company to save their jobs.However I think the shares will be marked up today
With an offer about to be made cannot understand why share is not buzzing today or are some just wanting a low closing price today to put against the final offer saying it is so much more against the closing price
Whatever ones views on what price will be offered.It is imo a sure thing that it will be at a decent premium over the current price.The talks would not have gone on this long if the offers were going to be loww.I am 99% sure that we will hear in the next week either before last years figures or after.I think it is likely to be earlir date as they could bring their figures forward
Ade1234, who knows if you'll be proved prescient in your move to bank profits? As RNSs have said there is no certainty of a deal and the mood and data around consumer discretionary spending has markedly worsened since the sale process began. Who knows what the bidders may be thinking about forward earnings potential for TED at present or what concerns they may have about over-pitching compared to their rivals? At the end of the day, a profit is a profit and everyone knows what they are comfortable with in banking gains and reallocating their money at points of time that suits them. I do a hope a deal is done and for it to be north of 180p ( I just can't believe that it will be easily north of £2 like some here imagine). Anyhow, let us see....
Expecting an RNS any day as we must get an announcement soon.Last week it was mentioned that it would be timed before the figures are announced and they are due next week.The way the share price has been moving seems to support that view.I think it is likely to be earlier as I do not think they want to leak out as they have been doing a good job so far
ROFL.
Idiot.