Member Info for fordy88

It's always more exciting when your team grabs a late winner everyone knows that lol!

Until there's an RNS stating no offer then JD is still working on putting one in.

@christopheles

I honestly find that hard to believe. The store in the Trafford Centre is huge I'd guess around 5000 sq ft and it's jam packed with new season stock at full price. There's no old stock or sales at all. I recommend that any investors in the Northwest go and take a look themselves. It's the same as the store in Liverpool One shopping centre. I visited there a few weeks ago and that was exactly the same. Fully stocked with new season stock and no sales of old stock. I think they must be keeping the old stock for online sales or outlet shops.

Just visited the store in the Trafford Centre, Manchester and it looked great. Loads of new stock all set out well and plenty of staff keeping the displays tidy and presentable. Best of all there were lots of customers and the tills were ringing! Definitely DID NOT look like a store in distress. Dont believe me? Go and take a visit yourself they're open until 9pm tonight.

Good luck all.

As I said yesterday, Next could swallow us up Ina heartbeat and easily integrate the brand online and instore. Their Mcap went up over £600m yesterday alone!!!

I read somewhere last week that it was April but if I'm wrong I apologise.

Temuchin

Garydiv clearly hasn't got a clue what he talking about. It wouldn't surprise me if he's a teenager.

Garydiv

Here you go again with your complete made up garbage. If you're gonna comment can you not just talk facts. If you can't give facts maybe just don't comment because you're just embarrassing yourself now.

"Basically he's had the begging bowl out and potential investors are looking at the leases on shops, shops being empty and brand being in need of a revamp."

Please back this garbage up with facts.

As far as I'm aware the Hilco thing isn't a loan but a revolving credit facility. It's not new and was already in place but it was due to end in April 2024 so it's now being renegotiated. The RNS about it was released because we're in a bid situation and there was press speculation about Hilco and it was affecting the SP (Takeover panel rules). As a revolving credit facility though it's basically like an overdraft to be dipped into when needed. Just like an overdraft it carries a higher interest rate than a loan. If I'm wrong about any of this please correct me. JD knew all about Hilco and the rest of the debt when he announced that he wanted to take the company private weeks ago. Nothing has changed.

Garydiv

When you make statements like that it'd be good if you could back it up with actual facts. Can you please elaborate on "too much debt"? How much is too much and how much are they actually currently owing as of January 2024?

Almost all companies have debt. If they can service it or refinance it then there's no problem. Look at CCL for instance. $30bn in debt with revenues of $21bn in 2023. Company isn't in distress and the SP doubled last year.

Nothings changed mate. Whilst there's no news the SP is always gonna drift as time passes by. People don't like uncertainty.

For me there's two ways to look at it.

1. If an offer was dead in the water it would have been announced by now. This can only mean he's still working on an offer.

2. If no offer has been finalised by now then he must be struggling to finance it and the longer it goes on the more likely there's no deal.

As a bull I believe the first option but of course I could be wrong.

Next SP is up 6% today after they beat expectations. The numbers are very impressive. Total year sales up to £5.8bn with a 5% increase online to £3.2bn!!! Also 5% rise in profits to £918m.

I've said it before and I'll say it again. With an mcap of £11.5bn Next could swallow us up in a heartbeat and integrate the brand seamlessly both instore and online. They've made no secret of the fact they want to acquire more brands.

Morning Toffers,

If you don't mind me asking? How many have you dumped this morning because volumes are low and the SP seems to be holding up well?

Bucketman

Dean had suggested that JD could make an offer to the board and the board not disclose it. This can't happen all offers must be disclosed.

Also something worth noting, regarding any offer made on the final day (29th) which is a Good Friday. My understanding reading the code is that the board would have to inform the markets by 12pm on the next working business day. I'm presuming that would be Tuesday 2nd.

Fill your boots.

https://code.thetakeoverpanel.org.uk/code.pdf

@dean

In a bid situation rule 2.2 of the takeover code applies and an announcement would have to be made.

Look it up before you make wild aspersions.

To think Superdry had £12m a week revenue last year and it's come to this with a mcap of just £23m is almost unfathomable to me. How the board could f*#k this up is so much criminal. It's not rocket science they've got an internationally established brand, supply chains, distribution and retail already in place. It's good quality clothing and it's not expensive. How hard can it be?

Kelletts increased again by 200,000 shares. Now with 2.7m. Interesting to say the least.

Ted Baker gone into administration dragging us down

Before GaryDiv and Dean chirp up. Superdry ISN'T Ted Baker!

Garydiv has found next doors wi-fi password again!