Member Info for fordy88

Just got in from work and scanning through a few comments and notice people talking about a 4m share trade. Total volume for today was 10.72m shares split more or less equally between buys and sells. There was no 4m share buy today.

"They don't want Wood's balance sheet, they want Wood's 30,000 talented people"

If this were the case why haven't Sidara put a bid in yet? They've had nearly six weeks.

Looks like another extension is on the way to me. I can't see Sidara putting a bid in without seeing the audited accounts. I know I wouldn't buy a business until I saw the accounts. Timeline will be as follows. Another extension granted. No accounts filed. Shares suspended. Accounts filed. Shares reinstated. Sidara bids or walks away again.

All just my own opinion.

Plenty of companies have delisted and turned things around again and even went public again. Just because it's going to be delisted doesn't mean the shares are worthless. Twitter of course is a massive one that recently went private. Here's just a few more famous ones that delisted and then went on to go public again.

Burger King

Went public: 2006

Went private: 2010

Went public again: 2012

Dell

Went public: 1988

Went private: 2013

Went public again: 2018

Heinz

Went public: 1946

Went private: 2013

Went public again: 2015

Hilton

Went public: 1946

Went private: 2007

Went public again: 2013

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!

Https://stocks.apple.com/AyCwp1hU9RqC572waNAlo-w

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

$5bn for Darktrace? If they went to $5.1bn they could have had Superdry thrown in for free lol!

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?

All the bad news has already been released. Only a fool would sell these today when news of a takeover could land over the weekend.

Thanks Bot,

No I'm ok mate I'm far from all in.

Thanks mate fingers crossed.

@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.

Could be worse guys you could be 50% down today in Superdry like me lol!

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.