The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
If you wish to maintain your holding you don’t need to take any action. You should note that following the cancellation you may have difficulty selling this investment at a reasonable price and, in some circumstances, it may be impossible to sell it at any price.
Matched Bargain Facility
If the delisting is approved, Superdry plc intend to in place a matched bargain facility provided by JP Jenkins, in order to allow trades in Superdry plc shares after the delisting. We will contact you following the delisting with further details.
Something that's interesting to me is the volumes of trades each day. Almost every day for the past number of weeks the buys have far outweighed the sells but not enough to send the SP upwards. Someone or some people are buying up the sold shares but just by 100,000 or 200,000 or so each day. Over the weeks this is amounting to millions and millions of shares being bought on the cheap right now. Maybe it's nothing and there's a simple explanation but it's intriguing me as to who or why they're being bought at this stage in the game?
Any thoughts?
The more I read the angrier I get with all this. JD is basically stealing SDRY from long term shareholders and the board are working in tandem with him. It's nothing short of criminal! The mere fact that what he wants to do is illegal unless shareholders vote that the rules don't apply to him tells you all you need to know. On one hand according to JD and his merry men the company is a total dead duck and will fold into administration unless we pass total control and ownership to him. If it was that bad why would he want it and why would he sink £10m of his own money into it? It's a total scam.
If there is a God up there I hope someone else walks in and takes the company away from him and their first job will be to sack that board!
Delisted from the LSE doesn't mean you can't sell them. I read somewhere the other week that Superdry would appoint a broker to deal with sales/purchases of the shares once delisted. I'm no expert on it but I know it's been done many many times before with other companies.
Https://news.sky.com/story/superdry-landlord-mg-eyes-challenge-to-rescue-plan-13123254
In all honesty I've visited stores recently (Liverpool One & Manchester Trafford Centre) and they both looked good and well stocked. I'd be more interested to hear a trading update. Have I missed q1 results or are they holding them back?
Three times as many buys as sell (same as every day) but 8% down (again)! I give up lol.
Someone is hoovering up the shares though there was another 900,000 bought a short while ago. Could there be news imminent or will we just carry on sliding until the delist?
@topo
Yeah I've taken a big hit here. Was hoping for an offer from the ceo to take it private but he dropped the bomb after hours on Thursday that he wasn't bidding. With sales of £600m and a current mcap of just £14m I'm hoping someone else starts the bidding and puts an offer in.
The "don't get locked in here" applies both ways mate. A positive RNS of an offer or an upbeat trading update for Q1 could send this back into the 30's or more in a heartbeat. If I was short I'd be closed by now and celebrating my good fortune. Anything could happen here now either way.
I wasn't suggesting anyone here could influence the SP I was just asking had they closed their positions. Most people on here are pretty open about their positions. I'm happy to disclose that I'm long and underwater. I'm also happy to watch it play out and not panic. If the SP goes to zero it won't change my life and likewise if it goes to £1 it won't. For me it's a case of you win some you lose some. It does amuse me though that there are people commenting here that say they have no skin in the game.
Scotty, Shetland, Evolve etc
Fair play to you guys have called it right so far and I wish you no ill will. Serious question though. Now the SP has bombed today down to what is currently 14p have you guys closed your short positions or are you leaving them open thinking this has got much more to go?
I'm long and I'm holding simply because I don't think this is anywhere near finished yet and in my opinion there's gonna be plenty more twists and turns. If I was short from mid 30's or above like you guys I'd be taking my money now and patting myself on the back for a job well done. Just curious to hear what you've done.
I appreciate you saying that you're not an analyst but you've made some pretty bold statements and you can't back any of them up.
Anyway that's enough from me for today. Who knows what lies ahead in the coming days and weeks? I think this book has plenty of chapters left. Some of them probably haven't even been written yet!
Good luck all.
If you're telling us all the rents are too high and the shops are empty and the leases are too long etc surely you can back this up with figures? Just give us a price comparison with with another retailer say Next for example like I did with revenue to employee. Whats the average price per sq ft Superdry pay compared to their competitors?