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So £8m gets you prime Oxford street site…. Other prime sites ….£150m of stock … and £200m debt.
I’ve bet £6k it ain’t gonna happen… can cash out for £3k…. But I just cannot see this “opportunity” being missed
#1🤡
Still here and holding steady …. My 6k is worth 3k ATM.
Down a lot more with Ocado though…. But that’s deffo got legs where as SD is dead in the water …. If I get back to evens I might take it out but at the moment I’m inclined to leave it JIC Mike Ashley or someone makes a move…. Looking very unlikely but you never know 🤣
🤡#1
Ummmm .... this is deffo not something an "individual" could do Pumpky .... I wouldn't recommend anyone by 1 share for 5p TBH......
Butttt .... some of the "players" could easily move this and make a quick buck (read gerzillions)
TBH... everyone of my 34 holdings bar 2 are red today and I wish I had kept the 6k I've thrown away in SD for buying opps.... Oh well.... you lose some and you .... lose some more 😂
Sooooo .... my beer money now won't even buy me a coke 😂
I'm with StockCheque and holding on until it's deader than a dead parrot.... or recovers..... Buttttt.... here's a question?
With a MC of £5M surely JD has F%*cked up again !!!!....
Bear with me here..... If "someone" wanted to make a few mill (like spread eagle johnny at the start of this shenanigans) and bought .... I dunno ....5 -10% @ 5p then MA... opppsss ... someone let it be known.... The SP would shoot to nosebleed heights of say 20p, then Mike.... I mean someone.... would be poised to maybe get 200+ profitable stores... £150m stock to fire sell and the debt would only take it to a possible viable TO cost anyway.... and if not he could dump them double quick for huge ££+++sss.....
Plus .... it would make JDs 1- 5p look ridiculous and him look like a Richard Head (bonus just in that)
Allllll just for larfs and giggles and talking points 🤡
Oh dear….. but the river card is still to come
@sm66 CVA is not for insolvency but is an alternative to insolvency. Company Voluntary Arrangement means that provided they can get 75% of creditors to agree it then the rest HAVE TO ACCEPT terms.
My guess is that is what Teneo have been doing during the radio silence since they were brought in.
If it’s not a CVA announcement then JD has really screwed up because the landlords will be racing to court to secure their debt.
My guess is CVA plus D4E …. SD will continue to trade but …..
will “someone” think it’s worth a hostile bid
See ya down the river
Yours #1🤡
Still here Gaz….
TBH I’m more concerned about Ocado getting bashed up….. but…. I’m in long now for both 👍
I really really can’t see SD not getting picked up by someone. Even just for their prime sites …. But I’ve mentally kissed the stake goodbye …. Unlike Ocado which I’m much deeper in 🤣
Anyway you’re 🤠 and I’m 🤡…….
For now 🤣
Scotty no one here thinks you’re talking 💩…. But the rampers are gone … no one is now buying into this unaware.
Those still here know they are taking a gamble and (mostly) are doing so with money they can afford to lose (I hope)
You’re clear and have been that you think it will go to zero…. I think the time has come to respectfully wait and see 👍
I averaged down at 9p and am sitting on a paper loss of 50%… but it’s beer money.
Let’s keep the comments friendly and informative not matter which side of the coin you bet on 🙏👍
I don’t think there’s gonna be fund raising by JD.
The BoD cannot be working in conjunction with the CEO otherwise the deal would have been put together and agreed.
Questions :
1) Why did JD put out his own RNS detailing the essence of his proposal
2) Why didn’t SD and JD just put out a joint statement saying he was not bidding
3) Why did SD put out a statement emphasising the suggestions were NOT guaranteed…. They could have left it out as it is implicitly implied
4) Why did JD include in his statements caveats to allow him to re-enter bidding within the 6 month banned period
JD thought he held all the winning cards but he’s played it wrong and f£@ked himself. If he puts anything sub 20p as price t then he’s opening a real possibility for HTO ( hence #4). He’s been battling the BoD (again) for years throwing his weight around as founder and majority share holder. Now his shares are worth peanuts, he’s lost the board and he’s lost his company.
Whether he believes it or not (he didn’t last time) SD will survive without him… maybe not a player in the fashion world or in a way he wanted … but it will.
The question is can we make a few quid out of it ?
StockCheque.... True but any bidder would rather a recommended bid then a hostile takeover where there is really a bid war and run on the share price.
A bid that is negotiated and then recommended by the board is a done deal.... but then maybe no-one wants it at all... patently not JD at a price the board are asking !
NOT ramping .... check my history.....
Butttt... as before when JD bailed out with a severe lack of comms which indicated what was happening behind the scenes..... I "think" that the lack of comms this time is because there are discussions going on.
Previously I thought CVA was likely..... now I think JD out and someone picks up his shares as part of TO deal.... Just hope holders don't get shafted.
Good to see some new posters here....
Some of the points have been covered (to death) and some are new.
We can (and have) second guessed their Analyst and the BoD and JD himself and now we are all in a waiting game to see what happens. Shelties split of people with skin in the game is about right although he missed one group (unless it is (c)) and that is those who think it is worth a punt/outside bet.
I have been in out and shaken it all about (stolen from a more talented poster) but landed on a stake where I am about 3k down and OK if I lose all 6k because it is a very small part of my portfolio now and the risk/reward is acceptable to me. If I factor in CVA as being acceptable too, then I don't have to realise these shares for about 7 years...if at all if I use drawdown and not an annuity.
Sooooo the long and the short is ....sheltie is right except for missing those who are gambling for a big (in % terms) return
Munich…. You do know how leases work don’t you ….. he didn’t decide to just close this store. The lease ended and he didn’t renew it. That’s 12 years SD been there.
Any of the stores they opened in expanding over the last 5 years are likely to have 10 plus years…. Do you think you can hardball a landlord and walk away. That will be the fastest route to them calling on the administrators and going bust. The first sniff o a big landlord thinks they’re gonna be stuffed for rent they will file to get their claim in ahead of others.
CVA is the only way to force them to accept a haircut mate.