Member Info for ForeverNever

Can only mean TED are seeing similar improvement in market conditions IMO;

Moss Bros to open new shops as men's formalwear brand bounces back from the pandemic in styleMen's formalwear brand Moss Bros plans to open new shops after earnings rebounded amid the company’s continued pandemic recovery. The firm, acquired by Crew Clothing owner Brigadier for £22million in 2020, was hit hard by declining demand for suits and smart shirts, and posted a turnover of £93.1million for the year to January, compared with a turnover of £128.3million over the same period two years earlier.

Yes. I would be the one who said no to M&S and I still maintain that. Its not in their plans for growth, though I can see them selling their products as they have done with number of other premium names.

Only speculative at best but it wouldn't suprise me if they look at them:

https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-10689749/amp/M-S-tipped-bidders-struggling-fashion-chain-Ted-Baker.html

https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-10689749/amp/M-S-tipped-bidders-struggling-fashion-chain-Ted-Baker.html

Getting more and more interesting

I think they will sell. For the following reasons: Major share issue at 75p which shows many who joined a significant increase will be more than happy to release their gains, more support from private investment company including financials to do what Management want to do. Management will also likely get private performance relating shares or bonuses which will make it very attractive for themselves to sell.

The brand is excellent and like I have said I don't want to see another brand gone to private overseas hands.

I guess you are just trying to be another clever duckie and assuming you know me and my holdings. My holding is very much blue, but thanks for your concern.

Seems you are looking at historic SP and assuming nothing material has changed. 500pps will not happen for a decade at least. There has been massive dilution which caused the SP to crash to these levels.
Concentrate on the market cap and you won't go wrong.

https://news.sky.com/story/ted-baker-up-for-sale-as-bid-interest-in-fashion-chain-intensifies-12582099

I think we are allin agreement TED will now be sold as the third offer must be enough for the BOD to consider and start a formal process. With another party involved I guess they believe their target will be reached.

I will be sad to see this go. We have many top brands disappearing in the UK form the market as they are considered so cheap compared to the wider global market. Many of course make no sense as they trade internationally.

Honestly I cannot see this going for less than 200p
which if taking it private will allow it to generate he type of revenue it knce did will make this an amazing deal for the new owners.
As mentioned in previous messages their assets alone are worth millions. So at this proce they are only paying a small amount for the brand name and future earnings. This is why it makes it such an attractive play.

This is great news. Potential bid war with two parties and is currently valued very low so has some great room to grow.

They can see value here which is why I brought. I still think there is some great gains for those sitting on the sidelines. Just look at the Market Cap.

We knew about this Tosca add from the section 8.3 yesterday so no new news.

The question is how far will they go?

Brought some new outfits in Ted Baker last night as there was some great new designs that have popped up.
Got talking to the staff who mentioned the new management team have been working hard on getting the new designs through to production and have now just started to see the fruits of their labour which have now inly just started being put in display in the shops. I have to say from what I have seen it looks super. More style, colour and individual designs appealing more to the younger audience too.
The staff were very excited about the changes they were seeing and thus, so am I.

Agreed. Same happened to RR. On Friday and then speculation after markets closed. If an RNS is released early next week its obvious what's going on.

As for the 130p a share that's not even warrant a response. What are they expecting?

Don't forget it's a USA business putting in an offer so more likely it may come after markets in UK are closed.

Should start to see some more weekend write ups in the papers about developments which usually add interest.

Adding again it seems. 27.9% up from 27.6%
This is getting more amd more interesting. The only reason I can see them wanting to add is to reject any offer and make a counter offer themselves. The fact they are happy accumulating at this price still tells me these are way undervalued.

Next month we will be sitting many points higher than today. I'm certian

And one more just to show we have more messages now than RNSs' :)

Just sitting here waiting for the RNS to say an offer has been made for 3.50 GBP per share..... lol.

Due to the decline over recent years I think many 'investors' got bored and moved on. Having said that with what could be a bidding war between two parties and the SP lingering I'm suprised more have not jumped in at these levels. Was thinking we would reach 1.50 easy by now.

Those who own over 1% listed below. I will try and work out average prices if possible later but may be too bigger task...

Toscafund Asset Management LLP 27.01%
Schroder Investment Management Limited 12.5%
Raymond Kelvin 11.78%
Columbia Management Investment Advisers, LLC 9.49%
Legal & General Investment Management Limited 3.58%
Norges Bank Investment Management 2.9%
FMR LLC 2.8%
River and Mercantile Asset Management LLP 2.53%
Jupiter Fund Management Plc 1.81%
JPMorgan Chase & Co, Private Banking and Investment Banking Investments 1.7%
Goldman Sachs Group, Investment Banking and Securities Investments 1.4%
UBS Asset Management 1.39%
Artemis Investment Management LLP 1.3%
HSBC Global Asset Management (UK) Limited 1.25%
HBOS Investment Fund Managers Limited 1.09%
Barclays Bank PLC, Wealth and Investment Management Division 1.09%

The last one didn't but in other updates they are listed where there are other transactions. I have also been looking through previous holdings in companies RNSs as I'm interested to know where this goes.

The issue here is that all major holders were in at 1.15. So even if we feel 2 gbp is not best value the fund managers may want to take it and move on.

Keep a look out at all the form 8.3 updates as it will show holders and price paid.

It's a disclosure form for opening positions required for companies that are subject to takeover.
This is getting quite interesting and I'm very suprised has not moved more.

Next few days could be telling.
There was an article out over the weekend saying the BoD are relevantly inexperienced and may end up giving the company away for less than it's worth. I hope this doesn't happen.

I brought into Ted on the basis it's a well known trusted brand and one of the top luxury brands in the UK with plenty of room to grow world wide. I can see why an American company may want to take this over as the potential growth in the US if done in the proper way would make UK revenue look like peanuts. The branding is there, the infrastructure is all in place the returning client base (I include myself in this)

Anyway to put a little perspective on things here

The market cap is presently 210m GBP
According to wall street they have just over 15m gbp in debt

However they have
106m gbp in physical assets
100m gbp inventory
75m GBP in receivables
28m gbp in cash and short term investments
70m gbp in long term and other assets

We are not taking into account here the value of the brand and potential future business.

Any serious bid needs to be well over 2gbp IMO

*note havent looked at when wall street was last updated