Member Info for Garydav2

Yeah Dean I think you are going to be right.

For me I didn't like the extension and the fact that no potential bidder's have been mentioned by the COMPANY.

These are worrying signs for SDRY

Well normally the Rampers poo-poo the Media Stories. Well this has been firmly confirmed by the Company in an after hours RNS.

I wonder what the market will make of this on Open tomorrow...

This was only .20p back in January . Still a bit of froth to come off the top....

2.40 to 1.17 in a matter of days. Ouch

Problem is company is now desperate. Left it too late I'm afraid. £19 down to 30p. Exit fees on leases and rents will be high . And they have loans and drawdowns to pay off....

Shorters have made a nice amount of Wonga in the last week Orange ...

So the £10M referred is a drawdown from previous agreement.

The new News is they want also another £10mil on to extend out to Feb 25.

And as stated that's not agreed. They haven't even mentioned the Interest rate offered on this yet.

Read between the lines peeps .....

Rock 8 read the RNS again....

Superdry confirms that it is in discussions with Hilco over an increase to its lending facilities by approximately £10 million to provide the Company with necessary additional liquidity headroom to help facilitate the implementation of its ongoing turnaround plan and cost reduction programme, along with an additional £10 million to assist with seasonal working capital peaks to the extent required, and an extension to the maturity date of its facilities with Hilco by six months to 7 February 2025. There is no certainty that such changes will be agreed.

I would think that they really didn't want to take anymore of that Loan Facility. Interest rate 10.5% plus BOE rate on top.

That's alot of interest to pay when the company is making losses ....

Look at the Interest rate they are borrowing at guys!!

Superdry PLC (LSE:SDRY), the fashion retailer, saw its shares sink by close to 7% on Tuesday, after it announced it has secured a £25 million loan with restructuring firm, Hilco.

Shares in the group have dropped more than 52% in 2023, after a warning it would “broadly breakeven” in the current financial year, needing to cut costs by more than £35 million.

Superdry has already upped the loan facility it has with retail lender Bantry Bay to £80 million. The secondary lending facility with Hilco will be available for 12 months and at an interest rate of 10.5%, plus the Bank of England’s base rate on any drawn funds, according to a statement from the group.

Helping “mitigate the headroom cap” on Bantry Bay’s loan, the fresh funds will also help improve liquidity and speed up the implementation of the its turnaround plan and cost-reduction programme, the London-listed company said.

Concerns about the health of the business have been echoed by Peel Hunt, which predicts the group will make a full-year loss of £16.5 million as “trading over the summer has been mixed”.

20s incoming......

A rushed RNS issued at 5.30pm! To address the media reporting today.

Looks more like a kneejerk reaction to try and counter a further drop in SP tomorrow. GLA

Ooh so they are short of cash.

This doesn't look good for any takeover situation. If that was all going well then liabilities, future funding, risk woul all be have to taken into account with any offer. Clearly they are no where near any offer at the moment hence the business struggling on

Can still see this being sold for a pound. That's £1 not £1 a share !!

GLA

Another poor day. This has been heading South since the extension RNS. Not much to get excited about here. Definately getting riskier by the day.

Way this is going will be 10p by Friday ...

Should of sold at the recent 40 and bought back in today Toffers

Who's brave enough to buy more then? Down 6 % now today

Thanks Fordy 👍

So if this does get bought what's the likely take out price? On the spike the SP went to 50p recently. Now it's come down 20p off that high. Market not convinced ?