Member Info for Garydav2

Oh look yet ANOTHER day and still NO NEWS.

Is this one going to extra, extra time and penalties.

Or a massive points deduction and expulsion from the market.

GLA ......

Well SM66 we are all entitled to have a view. I hope a bid does come in for you Shareholders but just too risky now I think.

Basically like a roulette wheel here now red or black.

Shares could end up north of 40 to 50p or 10 to 15p .

GLA

Hi Toffers at last I think we are on the same page. I'm not going to criticise you. You championed the share, made some profit (well done) . Had to change your investment with the price going South

I honestly believe as your post that the company may very well go down the CVA route . Probably the best option for JD.

Can't see this being taken over now at multiples of the current SP. Just no logic to overpay as the business is clearly struggling.

Well done Toffers on being transparent with your holdings and transactions. GLA

Why sell?

It's all about the appetite for risk. This isnt 100% it will be taken over and remember before the news the shares were trading at 15p.

You pays you're money and you takes your chance.

GLA to all holders but please don't bet more than you can afford to lose

Not quite your £3 today MaryBri.

Good news but share doesn't seem to be frequently traded and awful spread here .

GLA

Maybe it's more about the cost savings and restructure that's happening. Could be a share dilution?

Just saying

Still nothing ???

OMG this is getting worst day by day. Holders getting the right run around 😲

Anytime Alessandro.

Nice to have a friendly comment 😏

Back in at 110.92

Awful spread on this share

Oh look another day goes by and no RNS

What is happening here (or not happening lol). .

GLA

The Superdry (LON: SDRY) share price continued its remarkable sell-off as concerns about the company’s growth continued. The stock plunged by over 20% on Tuesday to a low of 33p. This is a strong sell-off considering that it peaked at 492p in 2021 and 1,948p in January 2018.

Concerns about the company continue

Superdry stock price has been in a strong sell-off since 2018 as the company’s growth continued to decelerate. In its most recent results, the company said that its total revenue in FY 23 rose slightly to over £622.5 million. Its gross margins dropped to 52.8% while the firm’s statutory loss after tax jumped to over £148.1 million.

In the statement, the company’s founder and CEO lamented that the business was having a difficult year, especially in its wholesale business. As a result, he confirmed that his team was still working on a turnaround strategy.

So the extension and the Hilco 2 loans and extension not gone down well with the the City. The market hates uncertainty....

That's why Toffers sold

GLA

Don't know what happend there.

This is correct post :

Reuters) - Superdry on Monday confirmed that it was in talks with lender Hilco to provide additional liquidity, as the struggling British fashion retailer looks to navigate weak demand.

The company said it is in discussion to increase its lending facilities by about 10 million pounds ($13 million) and an additional 10 million pounds to meet seasonal working capital requirements.

Superdry, which has been battling weak demand for its jackets and clothing, also said discussions with Hilco include an extension to the maturity date of its existing credit facilities with the lender by about six months to Feb. 7, 2025.

In January, the retailer had reported a 13.7% drop in group sales for the 12 weeks to Jan. 20 and said that it does not expect market conditions to improve in the near term.

The Chairman of Superdry previously received a request from Julian Dunkerton, Chief Executive Officer, for permission to begin exploring the possibility of making an offer for the Company and to commence discussions with potential sources of finance. The Company formed an independent committee (the “Transaction Committee”) to consider the request. The Transaction Committee subsequently consented to the request, subject to certain agreed guidelines and procedures.

Julian Dunkerton has since confirmed to the Transaction Committee that he is engaged in discussions with potential financing partners (“Potential Sponsors”) for the purposes of considering options in respect of the Company, which may include a possible cash offer for the entire issued and to be issued share capital of the Company, not already owned by him. These discussions are at a preliminary stage and no decisions have been made.

The Chairman of Superdry previously received a request from Julian Dunkerton, Chief Executive Officer, for permission to begin exploring the possibility of making an offer for the Company and to commence discussions with potential sources of finance. The Company formed an independent committee (the “Transaction Committee”) to consider the request. The Transaction Committee subsequently consented to the request, subject to certain agreed guidelines and procedures.

Julian Dunkerton has since confirmed to the Transaction Committee that he is engaged in discussions with potential financing partners (“Potential Sponsors”) for the purposes of considering options in respect of the Company, which may include a possible cash offer for the entire issued and to be issued share capital of the Company, not already owned by him. These discussions are at a preliminary stage and no decisions have been made.

The Chairman of Superdry previously received a request from Julian Dunkerton, Chief Executive Officer, for permission to begin exploring the possibility of making an offer for the Company and to commence discussions with potential sources of finance. The Company formed an independent committee (the “Transaction Committee”) to consider the request. The Transaction Committee subsequently consented to the request, subject to certain agreed guidelines and procedures.

Julian Dunkerton has since confirmed to the Transaction Committee that he is engaged in discussions with potential financing partners (“Potential Sponsors”) for the purposes of considering options in respect of the Company, which may include a possible cash offer for the entire issued and to be issued share capital of the Company, not already owned by him. These discussions are at a preliminary stage and no decisions have been made.

Basically he's had the begging bowl out and potential investors are looking at the leases on shops, shops being empty and brand being in need of a revamp.

Basically be easier to pick up in administration and Dunkerton could buy a nice interest for £25M .....

Think they are a bit desperate with the whole Hilco loan situation.

Btw no update on the latest application and extension of the existing.

Interest rates are extortionate

Too much debt here

Also can't believe the greatest cheerleader has deserted the cause albeit still had a "few shares in here". Think she made £50k on the 1st pump and pretty much lost it all on the way down. But of course she won't disclose that.

Good luck to those still in cus I think you are gonna need it.

What's taking soooo long ......

Much better day today. Hope as Monkfish has said a bottom has been hit. As I posted earlier in week the SP has dropped over 740 pence so a little bounce is due. This was 1500 to 1600 range . Personally see a recovery and price settling around 1200 to 1300 . GLA

IStock

Wood Group, the London-listed oil sector engineer, is cutting hundreds of jobs nearly a year after talks about a takeover collapsed.

Sky News understands that the company is expected to announce next week alongside its full-year results that it has launched a new cost efficiency programme that sources said would affect white-collar workers globally.

One insider suggested that roughly 200 roles would be axed - a tiny proportion of its 36,000-strong workforce.