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Signal Update
Our system’s recommendation today is to SELL. The BEARISH DESCENDING HAWK pattern finally received a confirmation because the prices crossed below the confirmation level which was at 26.78, and our valid average selling price stands now at 14.76. The previous BUY signal was issued on 25/03/2024, 8 days ago, when the stock price was 25.20. Since then SDRY.L has fallen by -41.43%.
Market Outlook
The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a
Hi Stevie. It's a bit more civil over here.
I've traded this a few times. When it moves it can move well.
I managed to make a positive trade over on SDRY 1st think so bought on here again. Average is 969.00 for me.
What good news Bad situation?
This stock has the dark cloud of fund raising at a Very Material Discount to current SP and delisting? Hence the massive fall today. I hope there is something that helps current holders but apart from a quick trade when the opportunities come, this is uninvestable. The next lot of bad news could be RNS'd at anytime
Yes Dean01 fair enough. Just trying to make some middle ground and take the tension away a bit.
I'm going to reduce my posts now as I don't want to inflame the day anymore.
Sorry to genuine holders I hope someway a rabbit gets pulled out of the hat x
See Redx Pharma (down 66%) have cancelled their AIM admission in an RNS today and are taking the company private.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.
I wonder once the fundraising is complete that the same process will follow here?
It wasn't aimed at the genuine holders Rayte. I've been where you are and it isn't nice.
But the post was yes to get a response. There were some many hysterical ramping posts and for those who give it out, have to take it. What goes around comes around
It's interesting the posters who said this wouldn't fall below 20s today (you know who you are Inc Dean01) .
Price appears to of flatlined now at 14. So much uncertainty.
Watch you don't get locked in here though. RNS could be anytime
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Superdry shares sink as CEO drops buyout bid
Updated / Tuesday, 2 Apr 2024 09:47
Superdry in January had warned that it does not expect market conditions to improve in the near term after a tough Christmas season
Superdry in January had warned that it does not expect market conditions to improve in the near term after a tough Christmas season
Shares of British fashion chain Superdry sank over 51% today after its chief executive and top shareholder Julian Dunkerton said last week he will not be making an offer for the company.
Dunkerton, who holds a 26% stake in the company and is a co-founder, had been in talks with Superdry over several options, including a possible cash offer for the shares he does not already own.
While a bid has been shelved for now, the company, known for jackets and clothing inspired by American vintage styles and Japanese graphics, said alternatives remain open as it works on cost-saving options to combat weak demand and a cash crunch over recent months.
"The company remains in discussions with Julian Dunkerton in respect of alternative structures, including a possible equity raise fully underwritten by Julian Dunkerton," Superdry said.
Dunkerton said that any equity raise would be expected at a "very material discount" to Superdry's current share price.
Dunkerton and Superdry, which issued identical statements on the decision to not pursue a bid, expressed confidence that a takeover offer was "unlikely to deliver an outcome for shareholders, or stakeholders more broadly," which existing efforts by the company could not.
The retailer last week separately said it agreed to an extension of six months and an increase of up to £20m to its secondary lending facility with Hilco Capital.