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Multiple bids received could all be at level most would find disappointing compared with the situation pre Covid. However it is not conceivable that that bids would have been submitted without the bidder accounting for the low oil price and general investment appetite, it's not like it happened last week!
Might be worth pointing out that Administration is a specific legal process that seeks to realise maximum value from the assets of a company in order to settle as many it's liabilities as possible (in a specific order of priority as set out in law. If, for example, Boohoo did buy just the Topshop brand from the Administrators - it would be free and clear of any debt or pension liabilities (and the price paid would reflect that assuming others such as Mike Ashley would also see value in it).
I think people are confusing Administration with the BHS sale for £1, that was Sir PG trying to be a clever so and so.
Sir PG is not allowed to do deals such as selling brands without regard to liabilities. In simple terms the Administrator is - because the proceeds are used to settle claims as best as possible rather than buying a new yacht.
Robinstweet, The initial development of electric cars (and buses) was nothing to do with a cleaner planet. You fall into the trap of looking at the recent position.
Electric cars were on the roads 100+ years ago alongside petrol (and the odd steam one). Range wasn't a problem in early 1900s as the roads weren't good enough for long distance car travel.
Better roads and better cheaper petrol cars with Ford's mass produced Model T meant electric faded away by the 1920s. Henry Ford's wife drove an electric car from a rival and the first and the first car by Ferdinand Porsche over a century ago was a hybrid weighing four tons!
No I disagree Ableton, clairesmith may be contentious when posting here but I have no reason to believe she wouldn't be able to form sustainable relationships, earn a decent living and have a strong sense of self worth out in the real world of business.
Not really about justification, perhaps more circumstance and history. Never heard of Tomco before, but a quick look at price chart shows it was over £3 in 2011, so there must be quite a back story and I'm guessing not much future.
Presumably if there is no scenario in which 88e would do a consolidation it would need shareholder approval as it would be reasonable to assume there is no existing provision to do it without notice in the articles of association or Aus equivalent?
I have never come across a situation where a company does a consolidation without it being announced with reasonable notice. If anyone can give an example of waking up after market open to find a share has consolidated (obviously there would be a UK pre market RNS for a UK listed share) then I'd be interested to hear it.
This old chestnut crops up time and again, DW would look foolish doing one as things stand. However it is an option for all companies (just as some do share splits when sp runs up, eg Tesla) and who knows what may occur in the future.
Doomsday scenarios posted here suggest there really will be a problem if DW does ever have a valid reason to call for it (ie the benefit or necessity is considered to outweigh the acknowledged headwind that seems inherent with the procedure).
Funny, I was just thinking that you had no business experience towncalledmalice. I've owned a retail business, with my own house on the line as security in my twenties, property developing followed and have been what most people would term semi retired with an investment property portfolio since age 43, some time ago now.
As you said earlier, we all see things from a different angle. Good luck with your investment, I won't comment further as we are in the same share but coming from different directions.
You keep stressing if you enjoy it. I'll repeat my point, if you're an equity investor, presumably you have some basic confidence in letting the directors manage the business?
I am satisfied with the relevant information provided, I don't need to know every day to day operational detail.
So, what update on the new factory would you like? It's obviously not ready yet so how can it actually make a difference.
Maybe I'm old-fashioned, but if I can't trust a company to manage it's affairs without me needing to call it out morning, noon and night one what it should be doing, I wouldn't hold the equity.
If I hadn't followed the full thread earlier, I'd be inclined to think you were deramping. Hull is top of the table at mid 700s and Scarborough plus East Yorkshire and much of Lincolnshire isn't too far behind - an area NOT renowned for its sweatshops!
It was you criticising the absence of a response to a story on a regional news programme towncalledmalice. The response is a considered one as opposed to a knee jerk PR release first thing this morning to please bulletin board shadow directors.
I don't know if you've been following this bb longer than your alias indicates, but there is a view from some that every negative story should be countered by a barrage of publicity and RNS from the company, as I've said I think this would be very ineffective. Easy to end up dancing to others tunes and what happens the one time a rebuttal isn't given - the headline is then 'that must be true'.
I've every confidence in the company being able to respond in a measured and appropriate way when they decided it to be effective and necessary, which they have now done. This would obviously involved liasing with Boohoo legal team, the Nomad and possibly the MP.
A considered response is often better than an immediate one, and I'm happy with what they've done. Doesn't mean they will be doing the same for every story.
towncalledmalice, so every local news outlet that runs a story should get a response? Then the response and a rehash of the story gets run in national media; Boohoo denies 'Blah blah blah' and off we go again. Also if something was rushed out by Boohoo PR which perhaps wasn't worded well or contained an inaccuracy then that could backfire.
Boohoo's actions will speak louder than words in time.