Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hi Jk
The share price will be at 130p in the morning, it may go higher if another bid is expected. First bid is always a low one.
3 possible outcomes
1. Another interested party will enter the bidding, they will bid more than 130, if sycamore are serious they will better that bid ( there could then be a bidding war )
2. There is no other bidder, the board will obviously reject 130p , if sycamore are serious they will increase their bid, this could happen more than once.
3. The board reject this offer and sycamore walk away, which is unlikely. If this did happen one would have to ask the question why they have even bothered doing all this to make a laughable offer to walk away wasting their time and money.
If they did walk away some might ask the question: did they buy shares before they bid at say 90p and are they selling before walking away at £1.30. Surely not.
I have posted on here before now that sycamore are serious and wealthy investors. I believe they are but obviously 130p isn’t serious, so it is now a case of wait and see, I believe we will see offers getting to approx 170p, would this be acceptable ?
I would think in my opinion if an offer has been made at 130p which will be rejected the share price will advance to 150p which will become the new floor until more news comes. In my bones think that the takeout price will be north of 200p if not getting close to £2.75 as it has so much room to grow
As new a investor what would be the likely outcome of the share price tomorrow
Agreed. Same happened to RR. On Friday and then speculation after markets closed. If an RNS is released early next week its obvious what's going on.
As for the 130p a share that's not even warrant a response. What are they expecting?
That explains the drop in the SP last week - leaky city again.
You would think it would be easy for the authorities to investigate and prosecute on at least some of the insider dealing that routinely goes on in these situations?
https://news.sky.com/story/us-buyout-firm-sycamore-plants-163250m-bid-for-fashion-chain-ted-baker-12576297
Laughable, come back k with a sensible offer
Was not ever a fan of his however when you actually look at the facts he did not take money from pensioners as the dividends were taken when the company was profitable and it like saying to the John Lewis staff that their bonuses (dividends) that they got many years ago should be paid back
Spending the money if the BHS pensioners. What a lovely honourable man he is #slimeball
Exciting times in here and superdry over the next 6 months.
Re M&S where is Philip Green what you need him for another £6 M&S bid :)
no one knows mate , wait and see ,
Love Joules, Ted Baker, Superdry!! - brands with amazing international potential.
Starting to move up to my target price for the weekend.As I said some months ago this is a prime takeover target followed by Joules and Marks and Spencer
Don't forget it's a USA business putting in an offer so more likely it may come after markets in UK are closed.
Should start to see some more weekend write ups in the papers about developments which usually add interest.
Do you think an offer would come in over a weekend more than a week day?
I think this most probably will go over £1.30 today as it is still undervalued and investors will not want to be out over the weekend in case an offer comes in.The retail figures tod are good considering the media points in the other direction as retailers look not against a previous month but the month the previous year which showed very good growth
Just all part and parcel of a bid situation.
I think the fall back is simply short-term traders cashing out at a reasonable profit. That sets off a domino effect as other profiteers jump before the price goes too low for their liking.
Maybe Tosca fund can't accept under 2.00 GBP because Tosca is the main shareholder and they already keep the shares for 3 years. If I were the Tosca fund, I can accept over 2.5 or
I buy more shares then make a private. After things considered, maybe, could be, a cash offer is not successful (just my opinion).
I am one who does not want a offer I like many others know this is a great stock to be in for the long term
Really speaking if they can just withdraw without even making an offer, that stinks then, they should have to at least make an offer even if it is a low one.
Makes you wonder if they just wanted to push the price up.
I am keeping the faith in the continued reoery and the brand and if I see 80p again will add happily.
My guess is the quiet market is shaking the weak holders out and the shares are being gladly taken in.
yes they can do as you say, however Sycamore would have to think about it's reputation and future deals and not cry wolf too badly.
Anything can happen, including a get stuffed from the Board and get knotted reply by Sycamore.
If you are uncomfortable you can always take your money out in the market.
Yes they can declare an intention to make an offer and the just decline to make one after 28 days its called a put up or shut up clause. Also they could just make a derisory offer they know will not be accepted.
the whole thing stinks. But I hope I'm wrong as I've been drawn in like the rest of us.
Good luck casapinos, a man after my own heart, trim and run may not maximise the profit but it reduces the risk.
Volume is incredibly low compared with recent days so a holding pattern.
Unlikely Sycamore will walk away so soon. My guess is that they will indeed put in an offer, rejected by the Board as opportunistic and the price will rally on the confirmation and then settle back at below the bid offer but higher than the pre bid valuation.
A cheeky bid around 160p may be the best here and volatility while we wait as some folks are so impatient.
I don't know the ins and outs of takeovers, but can a company say they want to make an offer and then just withdraw without even making an offer, because if they can then to me that seems to be insider trading, any thoughts anybody.