Member Info for johnson36

https://www.proactiveinvestors.co.uk/companies/news/213413/help-to-buy-underpinning-new-build-boom-says-berenberg-as-it-urges-investors-to-plough-into-housebuilders-213413.html

WorldGoRound

I think he is right on this though. It could have a positive affect on the SP

https://www.itv.com/thismorning/hot-topics/money-martin-lewis-energy-bills-masterclass

Martin Lewis has just been on morning tv today and said it is very likely that the price capped will be raised by £100 on the 1st April. Should this have a positive affect here ?

do you think Coca cola / costa will just buy it for the shop locations ?

Baz12345

Wait, it will.

4p is my average buying price. I will get out at 6p. I missed my last chance as I was hoping for 8p.

Mycar

Going rate he would have to offer now is 32.14p per share
I can not see him doing that

Here is some information I found, and the reason Mike only owns 29.7%

https://www.burges-salmon.com/news-and-insight/publications/guide-to-public-takeovers-in-the-uk/#stakebuilding

Requirement for a mandatory offer: Where a bidder is interested in shares carrying 30% or more of the target’s voting share rights, the bidder must make a mandatory offer in cash at no less than the highest price paid during the preceding 12 months (often referred to as a "Rule 9 offer"). Mandatory offers can only be conditional on the bidder receiving acceptances that, together with any shares already held or acquired during the offer, would give the bidder and its concert parties more than 50% of the voting rights. As such, bidders cannot rely on other conditions to protect themselves.

12 month high is 32.14p. There is no way Mike will offer that. On the 30th April it will be 23.58p, still too high. On July 2nd it will be 14.69p. If he wants to buy it all he has to do is wait either for the 12 month high to be low enough or wait for administration.

Mike Ashley

He might of offered the £40 million as an interest free loan but didn't he want 10% of the company in return ?
Well at a Market cap of approx £50 million I think he wanted £5 million worth of shares.
It's not really free is it ?

Sj

Why not before 2020 ?

DGR1980

TW is still a good buy. 12% dividend yield at £1.55

Mike would only be interested in buying this out of administration. I don't think he will make a bid to buy it normally with all its it debts. He only wants a bargain.

DGR1980

Correct it was a stupid question. I think everybody else on here knows that SPD is the ticker code for Sportsdirect

https://www.dailymail.co.uk/money/markets/article-6557427/Were-retailers-smashed-pieces-Christmas-M-S-Tesco-set-unwrap-festive-figures.html

But as each day of 2019 passes without a retail profit warning (yet), it is looking more and more like the painfully slow November, which even stung retail superstars Primark and Asos, was a blip (albeit a severe one) that some firms managed to recover from just in time for Christmas.

That's not to say next week's results from M&S, Debenhams, John Lewis and Tesco will be stunning. Far from it.

But this week's retail rally (M&S is up 1.3 per cent, Debenhams is up 9.5 per cent) suggests that after a tough year, any figures short of dismal will go down a treat with investors.

Tuesday: Morrisons

Wednesday: Shoezone, Sainsbury's, Joules, Topps Tiles, Majestic Wine

Thursday: John Lewis, Card Factory, Marks & Spencer, Tesco, B&M, Debenhams, Mothercare, Ted Baker

Friday: AO World, Moss Bros

I will be out at 8p, I bought last week.

Which day can we expect a Christmas sales update ?

KNIGELK

internet is the way forward. 50% of Nexts sales are online and 70% of their profit comes from those online sales.

What about taking him up on a £40 million loan (rewritten conditions of course) and giving him 5% to 10% and get him on board now ? If Debenhams goes belly up he will end up getting it anyway for peanuts. Let him help to turn this company round now rather than after administration. Just an idea. I don't like the man at all.

joebop

I am also hopeful of a rise in Sp to 6 to 8p range after Christmas results unless the results are a complete disaster. Anything other than a disaster should see a rise.