The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
In the DLG and Currys offer they just said get lost..... But these were outside bidders.
I think JD has got himself in a sticky position and played this about as worse as he could.
He is the incumbent CEO... The board cannot tell him to get lost.... well they can but then it's all over. The BoD and the Panel already knew all the Cost saving plans.... that program was well underway and in the webcast.
There's a boardroom battle going on... and the old CFO is handing over to the New CFO... if they are not onboard with JD then this ain't going anywhere.
The only ones making money out of this is gonna be PwC
If it walks like a duck... swims like a duck.... and quacks like a duck the chances of it growing into a beautiful Unicorn are slim
all IMO
Yes Lord … it is ../ but so is saying 100% there will be an offer … or a 50p/80p/£1 offer
I’m deffo interested in anyone who says …
Aha… but he has to do DD or the process means xxxx or something …
I’m just speculating and trying to understand so I learn and it will help my with DLG… or ASOS … or Ocado etc
🙏
He's the incumbent CEO... His Analytics team have been working all year on data for a restructure and cost cutting program. He has more BI and data and analysis at his finger tips than any other party could have.
He has business and finance contacts and PEs
So why the delay and uncertainty (which is a poison chalice for businesses)
1) He has a number that the board will recommend but cannot finance it yet and with the SP/MC low it makes it harder to finance and is unlikely to get it... hence has to go wider and give away more
2) He as a number but the board will reject it and he has to go higher hence start at 1) again
3) It's rejected and the "cost savings" is a nod to CVA
All IMO
logical and rational counters welcome - Abuse will be reported
x
Rampers already talking about £+ bids.
They don’t provide any rationale or logic but just abuse contrary views.
Don’t read on if you don’t want to read counter opinion. You are allowed to post yours and I mine.
Why the delay?
He is coming in too low and the board know they can’t recommend it.
As the SP and MC drop it increase risk for his investors that they are over paying.
This is going to be Hostile TO or CVA
IMO
Hahaha Don .... Receipts are there buddy..... I already said I used ti by in Business Intelligence.... but for a housing association.... well mainly FMCGs getting reports for the BoDs.... but never for a Finance co....
Blimey.... I AM an "idiot and liar" as called by one of Da Rampy Crew (check receipts Don) cause here I am posting.... anywhooo
Sleep if you can.... or stay up all night drinking coffee.... I don't care
xxx
I'm off to get drunk with my ex colleagues from the corporate world in london bridge.... So I deffo won't post later no matter how many buttons are pushed by Da Rampy Crew.....
And before I start drinking.... I hope an RNS DOES NOT drop tonight..... cause you could be waking up to an opening SP of 15p
Nite all... sleep tight
xxx
I'm in deep but am I missing something ?
Is this overlooked ? Doesn't seem much action from a SP that is sooo low.
Thoughts ?
:-)
The Currys offer was rejected unanimously. How can the BoD do that when the current CEO is making the offer. "if" he makes an offer AND the BoD reject it, he will have lost the confidence of his SLT. In the past that hasn't mattered to him as has been documented and evidenced by the turnover of CFOs. But this time it's an all in poker move "if" he he wants to make it. A rejection means he is toast.
There isn't going to be a bidding war or incremental offers.
"If" he offers and it is accepted, he get's , put's in JH and others and off he goes. You guys all count your wonga and he starts climbing that 5 year mountain back to relisting.
I won't say what will happen if he doesn't offer or it is rejected because I can't deal with the onslaught TBH
PLEASE FEEL FREE TO FILTER :-)
x
Really .....
Please get some help .... don't you have any friends or relatives who can assist.
or just go and see a doctor !
I fear for your mental and physical well being Toffers so please talk to someone or have some support in place.
Take care and all the best
x
This could be a great opportunity to make some money.
This could be a great opportunity to lose money.
If you read something that is plays on FOMO and only talks about an upside then… if it sounds to good to be true it normally is.
Sad keyboard warriors - receipts are there for all to see.
For those attacking me.
I hope there is an offer and you make your profits. But if all you say is true one of you are seriously over exposed. I think you need help and I genuinely want a good offer just for your sake.
I repeatedly increased my stake, influenced by posters on here and only got out when my research … and attacks on any counter views … made me too nervous.
That’s why I am still here and that’s why I still post. Maybe I will help others just stop and consider … maybe then invest… but at least consider there IS a potential downside and there is logical, rational reasons why.
Good luck to all
😘
Noob… just counter balancing the post talking about bids from 82p - £1.50
Like I said …. Back to wild speculation
Truth is prob somewhere in the middle.
Interested to hear your analysis and where you think the pendulum sits
🙏
Hmmmm… I didn’t say bid … I said RNS ….
Turns out DLG had offer a month ago and have only just released it and their refusal.
Makes me think if the SD numbers were tied up they would be out… no reason to delay.
As we seem to have gone back to wild speculation …. For balance here’s some on the other side of the coin.
New CFO, New COO, same CEO with new SLT around him. Agreed new rents based on turnover, unprofitable stores closed and redundancies to cut costs.
Maybe PWC have been beavering away to put the package together ready for Friday RNS.
https://www.pwc.co.uk/services/business-restructuring/insights/retail-restructuring-cva-alone-not-the-answer.html
Welll Mr Bond ..... that's kinda the discussion that's been happening here for a month now :-)....
And I don't want to start a flame war and have loads of abuse slung at me.... However...seeing how it has happened at DLG I don't understand it for SD. Surely JD had more scope for keeping things under wraps a bit more then the Italians had for DL and avoid ll this speculation and uncertainty for SD which is never good for a business.
I hope for those genuine people holding and those who have helped me with their sensible posts and discussions that it comes off .... and I can't stay away from this BB.... but I'm glad I'm out.
Gonna go and put my SD jacket on now and take the dogs for a walk :-)
Fingers Xd Y'all
x
Hi Mary,
Somehow I lucked out and bought a chunk in Jan at 1.6.
Please can I ask ... what is the strategy in trimming when there is an offer.... Do you sell some in the high spikes (at a risk of it going higher)... and buy back in the falls.... Will it be that volatile to out weigh costs... as a newbie... I'm thinking just hold tight until the finish....
Not asking for investment advice obvs but trying to understand and learn and build my strategies (you seem well regarded especially amoungst the ....ahem.... crowd at SDRY :-)
Cheers
Dean