Member Info for 100notout

Ted fits into the premium band market and is a good place to be. Obviously they are not going to compete with the likes of Hermes or Chanel but they are in an ideal place. The problem with some of the luxury brands is the people who where them. Gucci and LV have been taken over by the nouveau riche and they are so counterfeited that who wants to be seen wearing their wares.

I remember shopping in Ted when it was in Way in Harrods and that must have been late 80's early 90's. It was mainly just shirts and they had great designs which were well made. Back then there were few decent places to buy clothes for teenagers and young adults. I liked hyper hyper and Kensington market but unfortunately they have both gone yet Ted is still here and has grown since then. It just shows how the market has changed and that it's so brand orientated today. Who would have thought that Burberry would become what it is today. I think there is great scope for Ted to crack Asia. Ted is growing in the States but I reckon the current bod could turn this into a world luxury brand. Well here's hoping... I still buy from Ted.

You are quite right BT. For the patient I reckon Ted have a very good chance of doing very well and as you point out £5 could be achievable in the next few years. Ted have had a torrid time and that's all behind them now. I have faith in the current bod to turn things around. Let's face it Tosca are no fools and they clearly see value here. The price should have never been pushed down so low in the first place but that's the stock market today. To much reliance on charts and not enough in common sense...

To be frank I think ultimately Ted's future lies in the hands of Tosca. It is encouraging that they have increased their holding recently and they obviously see value but we don't know what their intention is. They were probably quite content on just holding until more certainty in the market before placing a bid but Sycamore have cornered them into revealing their hand. The next offer from Sycamore will probably be around the 150 mark, if anything is to go by they have probably already offered this. Maybe some of the other institutions will be happy with this. One thing for sure though it's going to be interesting to see how this plays out.

Judging by the price action it's probably safe to assume that Sycamore are still in discussions with Ted. If they weren't interested in offering a higher price they would have probably announced their intention not to bid by now. The problem though as I see it is that they are not going to offer more than 160. The question is what Tosca intends to do.

It's always good to talk to staff as you can get a good idea of the situation. The last time I visited Ted I had a good chat with the manager and she gave me some good insight to the progress being made. They all looked happy too which is a good sign.

Tosca are the ones you want to watch and they are still buying...

Peteret - Are you being serious? A sale of 40,000 and a purchase of 9,000 means they are selling out. This is chicken feed, put it into perspective...

Yes I agree. I believe that in the mid term the bod should get this over 200 quite easily so why would they want to sell out for a miserly 137 now. I still think Tosca could bid.

They were just testing the water. I think the offer was delusional and opportunistic at best. Ted is a good brand and the offer doesn't reflect any premium for that. I would have thought a sensible price would be at least 175.

It will be interesting to see what Tosca do next now Sycamore have shown their hand. Do they decide to go to 30% or put in a counter bid? One thing for sure though is the city had an inclination of the offer price. It does stink...

I think the low ball offer paves the way for Tosca to take out Ted on the cheap, probably between 165- 185.

I doubt it if the trade volume is anything to go by.

A lot of those holding before the placing probably purchased at a lot higher than 300. Don't forget Ted were trading at over £25 a few years ago. Are we too assume then that all the current holders have an average below 150. I very much doubt it. I took part in the rights issue myself and I got into Ted not too long before the rights issue happened so those that were holding before me must have a much higher average. I was fortunate enough to double my holding in the last month to bring my average down yet again. I just cant see Tosca who is the main player accepting 150. That's just my opinion.

Tarzansbrother -Tosca are increasing their stake to the 30% mark. If they get to 30% they are obliged to bid for the company. That's why I mentioned that they could put the first bid in. Tactically it could be a good idea for Tosca and just blow Sycamore out of the water. If Sycamore then are serious they will have to put an offer in that Tosca would be willing to sell at especially considering they are the main player here. With Tosca increasing their stake it shows the city that they still have faith in Ted.

How about all the shares Tosca paid over 300 for... Their average has to be over 160. With regarding the 60p area they were there for what a week and how many shares do you think they realistically picked up at that time?

It's still early days and other potential interested parties will sit on the side until Sycamore and Tosca show their hands. With regards to Tosca they already own circa 28%, they may wish to go in with a partner and if they decided to make an offer they would no doubt use debt to fund it. The fact that Tosca is still buying is a positive. They are not far off the 30% mark and you never know they may put in an offer before Sycamore do.

I don't think it's a done deal as Tosca have increased their stake. If they had been contacted by Sycamore it would have put the in a precarious situation.

It was commented that the lack of posts is low and they are quite right. I can't believe there hasn't been more interest from investors. I remember being in Laird (again few posts) and there are quite a few similarities as they did a rights issue and were on course of turning the ship around and then not too long after were taken over. Even the lack of reporting by the financial press is rather baffling.

How about Ray's 11.8%. He is the founder after all and will probably still want a piece of the pie. I think that Tosca and Ray are the two which will decide the fate of Ted if they are to bought out by them, Taken over by another or to simply carry on as they have been. I very much doubt the share price would have gone down so much without intervention from the hedge funds in the first place. Note Voleon have reduced their short to 0.35%.