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Good morning Forest,
I'm certainly not wasting my time here. I just try to give some balance and a different view.
I was watching the board and SP on a daily basis and as I said made a few hundred pound (missed out on the spike).
But as I said before wouldn't hold overnight and certainly not to the 11th hour on the last business day of the Takeover extension in the slight hope the Mega bid was landing.
A few have already said that JD to me and helped save some monies for holders.
I am no expert and have my share of bad investments too
Anyway it's only money and time is the only thing that will replace it. In the meantime it's a nice sunny day and we have our Health
Your comment
"IMO a dilution taking the SP down to low teens opens SD up for a hostile TO bid of 25-50p."
The RNS clearly stated:
Superdry said such a move, which would be “at a very material discount” to its current share price, would provide more financial headroom for its turnaround plan.
This is also dependent on a delisting remember.....
So Dean01 you basically have beer money in here. So what's the point ?
Either way doesn't seem like it's going to make a material difference to you whatever happens. Unlike some holders in here that will lose their shirt .
The RNS is the plan and IT WILL HAPPEN.
Forget any takeovers at a a premium to Fridays close. It's done here no one will pay over the odds here
Hi Jassen I think the fundraising was always going to be the Plan. I said many times on here over the weeks CVA or share dilution which the Rampers didn't want to hear.
I'm 99% sure it will happen as they wouldn't of announced it in the RNS'S as they have.
I hope for holders the announcement and price is published 1st thing on Tuesday to provide clarity . If it drifts on like the fake Takeover discussions the market will punish the price.
The market works like a set of weighting scales and at this point the negatives far out way any positives
The fact the 2 RNS'S publish the following statement to me means the company are resigned to this happening;
However, the Company remains in discussions with Julian Dunkerton in respect of alternative structures, including a possible equity raise fully underwritten by Julian Dunkerton, which would provide additional liquidity headroom for the Company’s turnaround plan. It is expected that any equity raise would be at a very material discount to the current share price, require shareholder approval of a Rule 9 waiver (as referred in Note 1 of the Notes on Dispensations from Rule 9 of the Code) and be conditional on a de-listing of the Company.
Great post Rayte.
I totally agree with your comments on board and JD. Investors will be right royally shafted here and the shares will be worthless eventually. Holders have a choice on Tuesday to get out with something or nothing at all. No good looking back to Friday now that was the time to get out when the price dropped to 26 to 27p.
PI'S can only take this on the chin now asd take it on the chin
The 2 worrying points from the RNS'S are finding at a very material discount to current SP and the delisting requirement.
And some are saying dont vote for it in which case the same scenario will happen the company will be insolvent.
So to summarise you are between a rock and a hard place.
Again I won't finish with GLA as that was last week. Unfortunately cannot see any hope here.
Toffers good post.
I warned very early on but was ridiculed that I felt the SDRY situation reminded of Flybe takeover situation. Lots of excitement and price went from 9p to 20s in days.
Eventually the real news was BA and Virgin whilst both interested wanted it for peanuts.
So nothing happened. Takeover finished. Shares ended up at 1.75p . Bounced around up to 5 p or so and eventually suspended.
So that was my hunch and it proved right. You don't get older without getting wiser
Was always a binary be here
Forest
Your paragraph;
"I do not see a major change in share price on Tuesday as there is even more certainty about Superdry and it’s future with funding than there was before Thursday rns".
What Planet are you on? Ill have a ÂŁ100 bet with you it won't open in the 20s......
If they don't get additional funding the company goes bust!!
People need to I understand that. If you vote against it the company will fold or you take JDs offer and get something (at a very material discount to the share price).
That's why the shares were valued at 15p and falling before the takeover announcement.
I'm afraid I've seen these situations before in 40 years investing and the PIs will lose out.
Rock8 I really don't know sorry. I missed that line apologies .
I think ultimately JD will hold all the cards . The Company is losing ÂŁ1.5M a week so ÂŁ20M will last for around 3 months.
So it will either be going goes to the wall or the shareholders accept the funding at a very material discount.
So the way I see it private investors are screwed all ways.
However, the Company remains in discussions with Julian Dunkerton in respect of alternative structures, including a possible equity raise fully underwritten by Julian Dunkerton, which would provide additional liquidity headroom for the Company’s turnaround plan. It is expected that any equity raise would be at a very material discount to the current share price, require shareholder approval of a Rule 9 waiver (as referred in Note 1 of the Notes on Dispensations from Rule 9 of the Code) and be conditional on a de-listing of the Company.
Having re-read this it means new Funding would 100% mean delisting
I think that was it. The fact it went to the very last business day and the 11th hour to issue the RNS (well more than one) was the sign it wasn't going to happen. And holders had the chance to bail yesterday. It was unusual for there to be any updates or pressure speculation and if it was going to happen it did not have to be left to the wire......
Probably would of happened much sooner if the money was there. It clearly never was .
Not that JD cares. He and family will still be living the luxury lifestyle whereas real investors on here in some cases will loose their shirt!
And btw I've never shorted here. Done a couple of trades and made a few hundred. And I took a barrage of abuse but the reason I posted so much was Thier were so many that could only see a positive return and would not listen to the other view point.
I normally finish with GLA but it's too late for that.
What's done is done this is finished .....
It stressed that he was still talking with the business about other methods of financially supporting the group, including potentially underwriting an equity raise.
Superdry said such a move, which would be “at a very material discount” to its current share price, would provide more financial headroom for its turnaround plan.
If the company do not issue a further RNS with the funding plans and placing price unfortunately it's gonna be a bloodbath. Stops will be smashed through and PIs like lemmings heading for the exit.
The Company have effectively locked in PIs with this after hours news. Absolutely disgusting for holders