Member Info for BumBum

Gone into Auction…

After the constant day after day, week after week market declines so far this year, id given up on any real positivity or sustained massive daily gains.

Be greedy when others are fearful, the world felt like it was on its knees the last couple weeks, so for me this weeks rise in Made as given me a glimmer of hope and restored some faith in the stock market!

Well done to all those with the courage to have a weaver down or the balls to have a flutter when it dropped below 5p.

Onwards and upwards… This is uncharted and no one really knows what the offer/s will be (15/20/25/30+)

Cheers guys, it was touch and go last week, the phrase ‘catching a falling knife’ and throwing good money after bad was ringing in my ears… it probably was an educated coin toss and could still be, but definitely feeling a whole lot more confident now! For me any offers around 15.5-16p means doubling my money, don’t want to get greedy but I suppose we all have an eye on the prize and a number that makes us smile : )

After massively averaging down around 4p last week, balls to the wall… my average is now 7.885p so anything close to that by the end of the week and I’m a happy chappy!

GLA

Partech Partners disclosed as of 3rd October, 55’000’000 shares long 13.9% of the company. With zero short interest.

There seems to be a lot of big boys heavily involved in this now.

What do they know? Us PI’s are always just second guessing and taking calculated gambles. I do feel however this has the chance of tripling in the next 4-6 weeks.

GLA

Hmm… I’m more in the 12-15p range in the current market. Can’t see anyone offering more than 20p, as there’s no need/value to do so… however, what will the main shareholders agree to and what will be voted as the minimum buyout price?

Multiple interested parties, coming down to two serious bidders and solid offers made in the range of 12-18p. I know that doesn’t help long term holders but for people who have bought below 5p it’s a multi bagger.

GLA

Never seen in my career a ‘Auction extension’ RNS…

This could be massive for tomorrow opening.

This is going to 10p+ tomorrow… No one will want to be out of this over the weekend, either multiple offer RNS tomorrow or Monday. They had to get interim results RNS out first. Imagine a 16.30pm Friday RNS lol : )

GLA DYOR

A crazy 30%+ swing in Boohoo shares today, low of 30 and now 40.5!

So the markets initially reacted badly, shorters dragging it down and then buying back the stock for the 30% upswing. Crazy price action, I wonder if ASOS will suffer/enjoy the same fate?

I’d like to think most of the downside and negativity has been priced in and the market expects bad news.

https://www.bloomberg.com/news/articles/2022-09-27/dealmakers-bet-weak-pound-euro-may-lure-us-buyers-amid-slowdown

https://www.bloomberg.com/news/articles/2022-09-27/dealmakers-bet-weak-pound-euro-may-lure-us-buyers-amid-slowdown

BTW for transparency, I’ve been averaging down since it broke 1050, I’m now at 915. If result of BOO and ASOS are as expected and the shorters drag this down into the 500’s I will average down again.

You think that ASOS will go bankrupt then? Because if they don’t at some point in the next 36months this will be in the £15-£20 range. Patience is key, along with be greedy whilst others are fearful. I’m a buyer around 600p for the long term, yes it could possibly go lower but the world needs clothing, the world needs online sales, yes ASOS might need to reinvent themselves for a new generation and they might need new leaders to drive the business.

Question: do you believe ASOS will go bankrupt? If not then this is a buy and hold ( with money you don’t need for the next 24-36 months) lock n load.

GLA DYOR

It’s tough, I feel your pain also, bought in at 12p and have been averaging down to 9p. Never thought the global economy would have come to this point in time now, massively affecting all growth stocks, inflation and rate rises are destroying all equity values.

In regards to Made we have to pray that either a buyer comes along or the secure a relatively favourable debt.

Made needs to survive the next 18 - 24 months and then the global economy will turn. I think we will know either way in the next 4-8 weeks.

My target is a buyer in the range of 15-20p, wishful thinking I know!

GLA

What are the rules for setting the price of sale? Is it a division of the last 12 months SP? Maybe someone can explain the options available to any potential buyer?

Agreed, reducing staffing costs and overheads is exactly what is needed for either refinancing and/or taking on debt or what a potential buyer is looking for. Streamlined and ready for a complete overhaul and strategy.

I personally think at these completely distressed levels that this headcount and ongoing costs reduction, as well as looking for debt/partner/completely sale, is positive. Any of the above happening will make the SP fly. The company has no debt, has capital in excess product and cash in the bank.

Strange on my trading account Saxo Trader, it’s showed early that the H1 2022 trading statement would be announced on 19th and I’ve just double checked now and it states 25th September for interim trading statement. Last years was on the 14th, but no idea why Saxo is showing this date but no other platforms are. Apologies for any wrong information.

19th Sept 2022 - Made.com PLC Interim 2022 results, I assume now this will be pushed back until Tuesday morning.