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Wait for the UT, I guess but held up very nicely for a Friday afternoon.
Investing101, tweeting again?
Just a lighthearted post really.
I totally agree re institutions - particularly tracker funds. I do believe they will buy in, once the price reflects the turnaround that seems to be taking hold.
*My working assumption is now that a there must be no meaningful conversations live re spin off or take private given CFO purchase?*
Correct. But what gave you the impression that such conversations were taking place?
Obviously, the buy doesn't prevent an unsolicited approach.
Holding out for £7.
Today ...or Monday (2029)
£7 close.
...showing what *should* happen when those sat around the top table put their hand in their pocket.
Barker, I guess doesn't really count. But it does make you wonder whether the market would appreciate and react meaningfully to a Calamonte buy.
Take note Jose; take note.
And the good news is this director has his finger firmly on the pulse of the financial health and direction of the company (or at least he should do). Market might take notice.
Thanks for the clarification.
Now, if you wouldn't mind being a little less cryptic with your tweets in future...
Thanks in advance.
Typical THG, or is today the day when we start to recover ...and hold gains?
Very expensive for anyone who has crystalised such a loss and frustrating for those who have not.
Some of us managed to get in closer to today's prices, however.
Now that the company seems to have changed its reporting to twice a year, we're all going to have to be even more patient, I suspect.
Yes, it is priced to fail and there is zero interest in the shares, other than from hedge funds. With no volume it is easy to these funds to maintain a stranglehold on the price. This morning is a good example.
However, it is also up to the company to continue to demonstrate that the plan is working and producing. So far, so good but great consistency is needed perhaps to convince the broader market. There also needs to be greater transparency around the plan re the debt - in particular, the refinancing of the bond.
Simon could be right.
And that is why any such offer will be rejected whilst there is a strong prospect of a turnaround.
I don't agree with the Next and Frasers comparisons, however. ASOS is a completely different proposition, for various reasons. Does need to tackle the debt and yes, Frasers is more interested in benefiting from any SP turnaround and/or strategic partnership.
If the share price doesn't move then MA will be forced to take up quite a large number of physical shares soon, which may help the strategy.
Now up to 23% of physical shares in Boohoo.
Investor101, can you explain what your tweet means, please?
That's the key issue isn't it? What would be accepted, bearing in mind that most shares are tightly held by just 3 players.
As I've said before, I would be amazed if there haven't been several undisclosed offers, in recent times. Long before these sorts of articles began circulating.
That's a lot of physical shares.
Obviously happy with the update.
Not sure it's clear what their play is here, but the risk is on with that kind of holding - and big Mike seems happy to take it on.
Glad Barker seems to be having the same experience as the rest of us ...buying what looks like a pretty good price, followed almost immediately by a drop in SP.
He'll probably turn up here soon, complaining about a rigged LSE, useless CEO and good for nothing brokers...
Used to be a decent BB with constructive comment and discussion - from both bulls and bears.
I rarely bother reading it, these days.
Https://news.sky.com/story/tycoon-ashley-closes-in-on-deal-for-struggling-ted-baker-13131634
Be good if you could take us out too, Mike. £15 a share ought to do it.
Thanks in advance for taking this on.
KBYK
Well, that didn't work out quite as hoped.
Sounds (to me) like Boo need some cash.
I realise that some here are likely to be holders there too, but I would say ASC looks like the stronger company at the moment. At least, further on in its pivot towards profit over growth at all cost.