Member Info for LWHL

A company with zero debt quite simply has fewer risks, from the perspective of being an investor or a potential lender to said company.

Broadly speaking, it will be able to borrow on better terms than a similar entity that is already carrying debt. It might have a wider range of avenues to call upon for financing, than one with debt. Especially high debt.

Debt matters in a high (or even a normal) interest rate environment. Something we have not seen since the GFC, until a year or so ago. Historical interest rates are around 5%, if memory serves me correct.

Typically, a debt pile below x2 is considered 'good', but this is in simple terms for the benefit of keeping this post relatively short.

Lots more could be written on this topic, but I hope that helps you a bit with your question. GLA.

There are two reasons why this is likely to rise materially higher now: 1) I bailed out of my final tranche this morning. 2) Mary still seems to be here. I am on an inverse roll right now, and she has the midas touch!

All decisions taken were in no way influenced by bulls or bears here. Bit of a Heller Catch-22 scenario - anyone who does, should not be investing etc :) Needless to say, the following are also just my own opinions and not meant to be taken as investment advice!

I felt, since first losing money in this one back in 2018 I think it was, and eating a 20% loss then, that the business was in terminal decline. This opinion was unchanged when I took the recent punt, but the punt was on the basis that JD was willing to prove, or try and prove, it was potentially otherwise, by putting his hand in his pocket.

That after hours RNS has made me conclude that he basically thinks the same way. I think that loan will probably happen, and you might get a small spike in the SP, once it is accompanied with the usual RNS fluff and corporate patter.

I do not see outside bidders here. Certainly not at any kind of premium to the SP right now. IMO, it is either JD and a consortium perhaps, or a discounted RI perhaps. Which might be better than that lending provider, but not something that I would remotely be interested in with this name.

The chart looks like it could easily spike back to the high 20's, and may well enjoy another run up to 40p or so on FOMO in the next few days, who knows?

But frankly there are plenty of better quality stocks to invest and trade in. Especially when you feel as much animus towards this one as I do.

Serves me right for taking a punt on poor odds in the first place really, feeling the way I do about the company and the management!

If you do get 70p plus offer, then I will return to congratulate those of you who feel differently. I will be annoyed for a few minutes at missing out myself, and then will move on. Life is too short as it is. GLA.

This date, as kindly shared by that poster. 26th, after hours.

Well, we have a firm date now. The trouble is, trading conditions appear to be atrocious, based on results elsewhere, including hot inflation data and oil prices that do not help with getting costs down for pretty much everything.

But we have seen some terrific buys from key names here too, so it really is not an easy one to steer clear of...

Perhaps, but IMO we are going lower first. Pondering a possible add price, but might just sit on what I have until results now.

Not inclined to dismiss the poor results of those well known US brands alluded to earlier, as some are, either. Hence not just jumping in for more right now.

We have hot inflation data and keep an eye on oil prices as well. That does not speak to a soft landing narrative, but more of a potential stagflation quagmire. At the time of print anyway.

But that is macro stuff. It is more that the charts here tell me to hold fire....but always open to the opinions of others.

Well, I nibbled a few more today. 84p to take those ones from me would suit me just fine. Whenever Mr Market would like them :)

If they knew about it and did not notify the market immediately, that alone would probably be enough for the authorities to act.

A clear breach of the rules that a listed company director is under obligation to follow.

Some elements of corporate law are quite complex. Some really are quite simple. Fiduciary duty, for one.

The interesting thing is that indemnity insurance for company directors does not cover you for absolutely every failure, although sadly it fairly likely would, in the event they were 'just' found guilty of failing to meet their fiduciary duties, for example. Not certain though, so if any of them have done something that merits sleepless nights, perhaps a little karma after all.

Unless one or more of the main shareholders decide to explore legal avenues, then it would require regulatory investigation, as far as I am aware.

So, even if they have done something that merits action, they might get away without facing appropriate consequences.

The only good thing is that the drug appears to be making a positive difference to the lives of those who are taking it, based on what we have been told anyway.

Malawi have shown us all we need to know. Different situation indeed. Hey ho.

A lot has changed since the Chairman's 6p purchase. Primarily the fact that we cannot trust anything they report to the market, after the prescription chaos.

Which is simply one more big failure, on top of the many that went before.

While I make no assumption in either direction myself, I can understand why some people feel this looks like a deliberate stitch up ploy, because it is hard to believe that anyone could be this commercially useless and not get the chuck long before now.

That nobody within the company has seen fit to buy any shares since the last update, tells me that the current price is too expensive.

They are either going to have to take another loan on highly punitive terms, probably turning this company into a full blown zombie outfit until the lights go out in a few years time, or accept whatever cash offer AOP (presumably) are willing to hand them.

AOP are not going to pay more than they need to - and after the misleading prescriptions data reveal - maybe even they are unsure how much the drug is worth now. Unforgivable IMO.

If it looks like a duck, quacks like a duck etc.

Completely agree. Time for JD to XXXX or get off the pot. Tedious now. Lol.

Bit of a damp squib in the end. At least it was not bad news and better up than down, although a long way to go from here before I sing the praises of JD. About 50p a share more should do it.....

Been in auction for a couple of minutes I think. Either very good, or very bad news IMO.

GLA and here is hoping for the former...

Quite often that is right, but I have known a few business owners that have put their hand in their own pocket to fund their own company, when loan terms were not favourable etc.

IMO, if JD genuinely believes that he can turn this around, and that Superdry is not a washed up entity in terminal decline, then he will do this himself.

Unless he is all show and no real dough, stumping up that additional 10 million quid on more favourable terms than seems to be on offer elsewhere, is the least he should do. And he should have done it before now, quite frankly.

That after hours RNS the other day has really annoyed me. It has played a part in the SP action today and has made this lot look like amateurs. Well, I should say continued to make them look like amateurs. The company performance these past few years puts the notion beyond all reasonable doubt of course.

Anyway, good evening all. Except JD, unless he makes good before the deadline :)

Desperation? Lack of other ideas?

Weak business leaders enable shorters to win. Great, profitable outfits, led by winners, rarely get shorted. And when they do, the shorts take losses.

Hardly any short declarations here anyway. GLA.

Really no need for you to gloat. But the SP action does now look like the market has got wind of bad news.

Therefore I have taken a hit on all but 2000 shares. Small loss locked in so far, but annoying nonetheless.

Only slightly more annoying if the remainder goes pop, but still buttons at the same time, of course.

I was going to ride this punt to conclusion, but I do not think JD is going to justify the faith that Toffers seems to have in him. And if he does not get a satisfactory deal over the line before the deadline, his actions will have, IMO, demonstrated bad faith on his part.

Many will see a failed businessman who is all talk and was not willing to put his money where his mouth was, when it came to the crunch.

I cannot imagine p@ssing it up at the races when my company was in the toilet. To each their own, I guess.

Anyway, would be delighted to be proved wrong. Will happily retract this comment if we see 70 plus pence offer.

Tick tock indeed.

Yep. The old revenue is vanity, profit is sanity, type of thing.

Stephen needs to start putting some meaty profit-laden numbers our way, before anyone should get excited here.

In the meantime, IMO this is going to remain range bound. Shame I have too many of these already, or I would probably be trading it accordingly. GLA.

And in many ways, worst of all, no RNS stating regulatory investigation of the company yet, which IMO should absolutely be in motion.

I mean, what on earth does it take?!

Even if this latest 'mishap' was only the first questionable act (if only), this recent one alone should, IMO, be under formal scrutiny. Even if their errors were 'only' incompetent rather than something more sinister, heads should have rolled by now. That nothing further has been forthcoming increases the absolute stench here, IMO.

Thanks for sharing. So, we now have a concrete date. Decisions, decisions....

Fair enough. If JD puts forward an offer of 70-odd pence or higher, then you will have the satisfaction of seeing most (all?) of them take losses.

I want that too; because I am long here and this being a zero sum game - but not for any other reason. Like I said, this is all on the BOD, for good or for bad. GLA.