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Recommend cash offer of 110p. I am furious, Ted Baker is going to one of the largest fashion brand business for peanuts!! This is the second company in last few months I owned that went for next to nothing. I owned Bacanora Lithium which Chinese took for peanuts! Ted is a least worth 200p!
What the **** happened to 137.5 “significantly undervaluing Ted Baker and failed to compensate shareholders for the significant upside that can be delivered by Ted Baker as a listed company.”
Ok so we will sell out for 110 instead.
Another case of **** management in it for themselves.
Ted Baker (LON:TED) - an agreed cash takeover bid is announced at 110p, only an 18% premium. The 3 biggest shareholders (including the founder) have agreed it, so the company's trading and outlook can't be much good. This was not a convincing turnaround, so maybe this is a lucky escape for shareholders?
This is just ridiculous and it goes to show what a corrupt market it is. The Bod turned down three offers from Sycamore that were all higher. Will they come back? Let's hope so as 110 is a joke.
I have no other option but to vote against this JOKE of an offer and the incompetent BOD. Utter non-sense this!
I have been shafted previously by AA, Bacanora and Talktalk which also went for next to nothing. UK company directors are spineless when it comes to delivering value to their shareholders!!
Yep. Also Moss Bros for me.
What has really frustrated me this time is how the management led the majority of shareholders to believe that they were holding out for a much better offer. If back in March we were not told that 130/137.5p a share significantly undervalued the business than I for one would have not held on, purely because of my experience in these situations before, being that it’s always better to sell on the news and back then it would have been for a huge premium over this now ****ing pathetic offer of 110p.
There is such a chronic problem with British management. They are just greedy spineless morons. Fortunately this was the last UK company I’ve invested in as much of my holdings are now in US.
I cannot see how a company can lose 20% [ 137- 110] of its value since march . Surely sycamore can now offer just 115p and win .
I am now invested in 80% in commodities as I just don't trust BOD's anymore and this just goes to prove it. Strangely enough another holding I have, Darktrace are rumoured to have an offer and they are up more than TED. Why though would Tosca agree to 110 when they were buying in the 140's a few months ago. There must be something we don't know that they do. Let's face it the market makers new what was going on as they kept the share price under 90p to make the price of 110 look appealing. It just seems bent to me...
Well for me management have let us down BUT what about our advisors who presumably steered the company away from sycamore so that they would earn more fee from prolonging the process perhaps or to line the pockets of their mates- why are we paying them anything?
Is this for real as I’ve said all along if this is left alone for 3 years it will be £5 minimum.
The board should hold their heads in shame.
I am much luckier than some as my last entry was around 76p.
Superdry is the long term play now such a pity as this had immense potential from the recent levels we have seen.
Long term shareholders deserve answers!
I wonder if there’s any chance of other contenders coming in and an increased offer.
If not, I don’t see the point in hanging around for the extra 1p and would probably sell now.
Now Next know the low ball offer they surely must reconsider given they too were interested at significantly more.
Agree with a share price so low this must alert the likes of Next to go in with a late offer
Market is now starting to price in a new offer as sp has crept up to 109 matching the offer price once stamp duty and dealing charges are included. Hopefully this pm we will close above the 110p.
I've now taken the peanuts. I ust don't get the feeling the institution investors think a disruptor is on the way. 19% lost, but better than when at the very silly price it was. Good luck to remainers.
No point in taking the peanuts until mid next week at the earliest imv unless some other compelling opportunity pops up - give the previous bidders a chance to reconsider the silly price now agreed and any positive retail news that may arise.
I think TED has been victim to the macro we facing. High interest high inflation retail business trying to be sold at the start of a possible recession.
It’s not the greatest of times to attract as investor, not many buyers in the market for investments where profits lie way into the future.
The board must be kicking themselves now that they didn’t accept the previous offers.