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
MENU
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.
I think to be fair to Toffers she done an amazing initial trade a bit like IK. She has stated she actually made an initial £50k profit . But unfortunately kept on buying as the price declined. She did eventually sell out a lot a slight loss.
So fair play to her £50k is alot of money and I think yes the cheerleading got a bit carried away. But good for her she seen this was going the wrong way.
Just remember folks it's only money
@hash.
A couple of punters on here got me started and i battled with them. Been filtered, personal abuse, ganged up, sworn at.
But you know a few holders have personally thanked me and in one case the quote was saved them thousands as they sold after reading some of my warnings. In fact one punter on Friday I tried to help and said sell up, have a good Easter and buy some eggs. But they didn't listen. They still had 45 minutes to get out.
So if I've helped people in anyway that's good enough for me
I like to think I give the other side of the coin.
Like I said I missed the spike. Made a few hundred on trading it a couple of times.
I just couldn't believe how nailed on punters thought this was going to be taken over .
I thought it might be worth a punt when the NO BID news landed on a swing trade (still might). But with the dire proposed funding at "Very material discount" looks bleak
Again I won't say GLA as that time has gone
Sheltie yes you have that spot on. I did say that it was a red or black casino share. The fact it didn't come in for the gamblers on the required colour means they now owe the house. And tomorrow they will be paying up.