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.
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
I take that to mean an offer has been agreed in principle subject to confirmation after DD completed by the potential acquirer.
Yes I agree and they have rejected sycamore from further proceeding's who started this off with such a ridiculously low offer.
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.
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.
One final preferred bidder selected for due diligence.. All others now out of the formal process.
Just added another £2.5k - bargain price imv below 140p
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
Private equity firm Sycamore drops out of Ted Baker’s sale process
Will be interesting to see if Tosca buy more from here. Of course, they could well be the final bidder anyway.
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 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!
That isn't how a business is valued. Period.