The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Private equity must be having a good look at a takeover of this company...£1 should be enough
Say what you will about Saga plc,but the fact remains that there has been no director buying since Oct 2022.. Meanwhile over same period,directors have awarded themselves million of nil cost shares..This says it all about the company...Shares are down today, because of no news regarding sale,or partner for the cruise ships,in order to bring down high debt levels.
Inread in the telegraph that February was a record month for charge point installations.If Pod Point cannot take advantage of this for the company then the board should resign
Onwards..
Of course it's illegal.. According to the daily telegraph one such issue is that a bank's employees who are working on a company's financial accounts,are aware of the health of a company before anyone else,so the news is spread via friends and families who then buy shares..It almost impossible to restrict this practise..A company's sales team will also do the same ..If you look closely at any company's share movement prior to trading statement,90% of the time ,(but not 100%) it will accurately reflect the situation..Check for yourself.. Telegraph also stated that short positions are created often via corporate bank staff or inside sales people providing news.
Sandancer..
I am not talking about directors,but rather the people who have prior inside information eg..bank employees,brokers staff and even employees within Petrofac who are lower down the order eg sales staff and their families.They are all buying chunks
If Ted Baker collapsed into liquidation due to poor sales,than Superdry cannot hope to survive..Both have similar clientele..The company that stole all their customers is M&S who have revamped their clothing line and have massively increased their market share of mid to upper end clothing sales
If Ted Baker has collapsed due to poor trading,it must follow that Superdry cannot survive.. Similar target marketplace..Dunkerton could buy the company at this price,for loose change,but refuses to do so as it would make him liable for repayment of all the debts if it folded further down the line
Storm in a teacup...The private equity bid was 5 months ago,at twice the value of the SP at that time.. Flatly rejected by Mr Big Head..He will not sell because his ego is such that it will represent a failure by him,and possible eventual success by the buyers.
The non executive director buying £10,000 today,is nothing to get excited about..It's a company requirement for any director to buy a certain amount of shares based on their renumeration..Ask yourself this..if no other company wants to takeover capita at this tiny SP,why then would anyone member of the public want to buy shares in this company...