Member Info for DMcG54

Yep, fair point Harry, good find though mate

Harry mate I'm not the BBC :) All we can do is logically guess and these boards are a place to share ideas and info. I didn't say he doesn't pay his taxes or anything like that (I'm sure he does pay his taxes) oops, digging a hole now :)

Ooh Harry, FCMUK is a good find, whether if it's the same geezer I found as well...? Hmmm

Not sure if the market has taken it badly, SP isn't at 16p and a 4th player in the mix can't be bad (4th as in we have Marks, 2 prospective suitors and now this 3rd guy who has taken Fraser Group shares). Going to be fun :)

https://suite.endole.co.uk/insight/company/02262832-chan-commercial-ltd

Is it this guy: https://companycheck.co.uk/director/902505113/APINDER-SINGH-GHURA/companies

Might fancy himself as the next NEXT :)

If Marks would have wanted to sell for 41p or lower he should/would have done it last year when those offers were bandied about. FCCN is his life and his legacy, and I would imagine he wants a high level of financial security going forward in an uncertain world, hence I feel an offer would have to be over 40p in the range I mentioned (40p to 55p), there's a lot more going for FCCN than Arcadia with operational capability and global markets. If a suitor wants to keep snapping shares up on the open market (as an aggressive move) they will keep pushing the price up until they could accumulate enough to take Marks on - better and simpler to make a decent offer from the outset. Just my views, I could be utterly wrong, but just sharing my views.

Now, just as a bit of fun, what if...

Ashley sold his stake to Marks, that would be an interesting play, as it would put Marks fully in the driving seat for offers and perhaps Marks would subsequently invest in some of Ashley's business post FCCN sale...?

Just speculating :)

Indeed but the Guardian article is public knowledge now, they have either got their reporting wrong or he did sell for circa 16p. The market will have known of that 16p for longer than we have and yet the price has yet to plummet to 16p and those big buys this morning came in at 32p when the 16p maths would already have been worked out by the big players - soooooooo, something is a foot for sure. More plots and twists than a spy thriller :) GLA

I think this will roller-coaster for a bit now. If Ashley sold at a discount to the current SP it was because there is something of greater interest going on, what that is who knows but if he was able to sell to one of the prospective bidders (and I'm not sure how that works with the takeover code, I guess if no bids have been formally made yet it might be possible for a suitor to snap up shares) could be that this particular suitor might offer more to Marks and hence on average they would have done OK on their bid price - we know Marks views 41p as too low from the attempt a year ago to sell. Also, if one of the suitors has snapped up Ashley's shares it could be that the second suitor might start to up their bid price, and of course we may end up with other suitors. So this will flap about a bit but with Ashley out and Marks wanting to ease up a bit and enjoy his wealth (which he will want to maximise) I do reckon there is a very strong likelihood of a sale within the range of 40p to 55p a share IMHO which is higher than the current SP of c25p. Thoughts?

https://www.theguardian.com/business/2021/feb/08/mike-ashley-frasers-group-sells-stake-in-french-connection

By my rudimentary maths it looks like Ashley sold for around 16p a share when rounded up - have I done the maths correctly because it looks like he missed out on the rise big time lol :)

Definitely sniffer, seems to be a hub of activity at the moment - should bode well. GLA

Can be quite common during these takeover phases, can be deliberate as pushing SP down, we need to see that Mike Ashley sale price and the shorters can make try and make their money any way they want but at the end of the day FCCN is up for sale and there will be competing offers on the table and all that matters is the offer price that is accepted by the seller which should be a lot higher that 25p. GLA.

Trying to top-up and HAL in auctionm can't get a whiff of anything

Forms 8.3 and 8.5 are disclosure forms required by the Takeover Panel to clarify material interests in the share register of a UK-listed company that is in a bid situation. There is an RNS for form 8.5 but I don't fully understand the info in the 8.5, seems to be a Short, a Buy and a Sell...? Anyone able to enlighten please?

I think there's not masses of float out there so they are dropping SP a tiny bit to prompt sells. Hopefully will pick up again after lunch. GLA

I'm not sure a bidder can buy shares if they are in takeover discussions, the takeover code is quite strict on that to prevent attempts at manipulation. It could be an entity that hasn't declared an interest aggressively buying. A TR1 in a few days should clear up who new owner is.

Hi Ian,

I reckon 27th Feb 2021 within range of £1.83 or £1.89

Thanks for keeping our spirits up with Tilly and hopefully see that rocket soon. GLA

https://www.standard.co.uk/business/leisure-retail/french-connection-in-fashion-these-are-the-potential-suitors-looking-at-the-retailer-b918817.html

Hi all. I think it's been quiet here because there were folks who were invested here 2+ weeks ago who have made a shed load of money and moved on. The second wave is now building up so next week I'd expect to see this board a hive of activity. I'm also expecting this to hit 35p at some point the coming week but Monday might see an initial drop as some bigger buyers will want a better discount on price before some rallys the coming week. Should be anything but dull :) GLA