Member Info for fordy88

The board would have to ask the Takeover Panel. If JD was involved himself as CEO then that's a great sign because he'd have to disclose fully were he was up to with his sponsors and the likely timescale for his bid to come in. If the bid wasn't still on then there'd be no extension. Patience is the key here. Relax, sit back and wait for the first bid to drop.

@Deano

Superdry didn't grant JD an extension. Superdry has to seek permission from The Takeover Panel for an extension. An extension will then only be given by The Takeover Panel where :

A) negotiations between JD and Supwrdry are disclosed AND

B) anticipated timeframe for an offer to come in are disclosed.

Only then will The Takeover Panel make a decision as to grant an extension or not.

I'll also repeat the following. The Takeover Panel is there to regulate takeovers and mergers.. The Code is designed principally to ensure that shareholders in an offeree company are treated fairly.

Hope that explains things.

@bucketman

What part of my last post isn't 100% correct?

We are in a bid situation and JD is working hard to get an offer in by 5pm on March 29th. He's been given a time extension by The Takeover Panel only after Superdry has had to disclose negotiations between JD and themselves and the likely timeframe for the offer to be made by JD.

The Takeover Panel acts on behalf of shareholders and is bound by hundreds of strict rules. If they grant a time extension it's because a bid is being worked on and is likely. Dont just believe me learn about the code yourself.

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

Bucketman are you on drugs?

Nobody is "trying to cling to that hope of a mass turnaround". We are currently in a "bid situation" at the moment. When the CEO announced he wanted to take the company private he was given until March 1st to make an offer. When he couldn't get the deal over the line by March 1st Superdry requested an extension from The Takeover Panel under rule 2.6c of the takeover code. This was granted so he now has until 5.00 p.m. on 29 March to make an offer. The Takeover Panel will only grant an extension once they are made aware of negotiations and likely timeframe for the offer to come in. The Panel doesn't just extend it for a laugh.

# Trades 277

Vol. Sold 613,203

Sold Value £176.37k

Vol. Bought 852,870

Bought Value £249.41k

10p tomorrow?

Like your prediction of HZM whilst at 12p "This is going to rocket to 18p now". Currently 3.5p

Or like your prediction for COPL that it was "Worth buying chunks down here under placing price will likely see a whopping % return". Yeah whopping return it's currently suspended!!!

Or possibly could it be like your prediction for SED only a couple of weeks ago. "That’s it now watch this rocket". "Hearing a deal is on the way by word on the street". Shares currently suspended!

The longer this drags on the lower the SP drifts down. I'll be a lot happier once the first offer is in.

Jeez I had a little snooze after the close and then woke to an after hours RNS thinking it was gonna be the BIG announcement! Don't do that to me lol. So they're negotiating a new overdraft? No biggie it doesn't change a thing regarding the takeover. If they were flooded with spare cash and didn't need to borrow any money the market cap wouldn't be £30m. As you were.

No probs Gary,

To be honest I think a lot of people are overlooking the likes of Next and Mike Ashley swallowing Superdry up. Next have just paid £115m for Fatface (with fewer stores and smaller sales than SDRY) and they previously bought Cath Kidson, Joules, made.com and increased their stake in Reiss to 72%. They've made no secret of the fact they want to buy more brands. With a market cap of over £10bn Next could easily ride in here and gazump any low ball offer.

Garydiv,

If the offer was too small (say £30m again for arguments sake) then I think the board would reject it as out of hand. For that sort of money a Mike Ashley or Next etc would just swoop in and integrate Superdry within their existing portfolios of brands. If the offers come in I can't see this going for less than £100m. As we stand now it's just a waiting game.

Evidence of a takeover? JD has publicly stated he wants to take Superdry private hence why the company is in a "bid situation". When the statutory time period closed without an offer he asked for an extension. The board granted him a time extension for him to put a bid in. Boards only grant extensions when a bid is likely. Is that enough evidence?

No news is good news Garydiv, it simply means they're still working on the takeover and putting their offer in to take the company private. If JD was gonna put a cheap bid in (say £30m for example) he wouldn't be seeking backing from investors he'd just put the money in himself. He already owns over 26% so he'd only need about £20m to complete the deal. Pocket change to JD.

Filter you? Not a chance that's what you want because then there's no one left to challenge your garbage. You're just trying to influence people's decisions because you're short on Superdry. It's so obvious it's quite funny. When the first offer comes in and it will you won't be anywhere to be seen. Anyway it's the weekend now I'm off out to spend time with the family I only came back on here while I was getting ready. Laters loser 👍

Ive just got up with a slight hangover after a lovely Friday night out on the town and I can't believe what I'm seeing. Two absolute cretins Dean and Gary spent most of Friday night posting absolute garbage on here when they're not even invested! Get a life guys you really are showing everyone how sad and pathetic you are. How sad have you got to be? Seriously the best thing about the first offer landing will be knowing that you two will be nowhere to be seen. I really hope you get taken to the cleaners.

Have a great weekend Toffers and all holders.

Shorters...burn

Ahemmm!;)

Stockcheque.

Absolutely spot on.

Tomorrow would be nice but sometimes you just gotta be patient.

Toffers,

Normally when these shorters turn up we have a great day so I'm looking forward to tomorrow now.

So earlier on today you didn't understand shorting but tonight you've managed to accurately calculate a takeover price for Superdry and you've come up with £40m? Ha ha stop it Dean I've just spat my coffee out.