RE: Tosca6 Apr 2022 01:08
Tosca are the puppet masters here.
They will come out of this smelling of roses and are executing their gameplan atm very stealthily.
The media pals are softening up the LTH to think that 170p is a bid to go for.
HODL as this one has a long way to go.
As regards the Next / M &S article, at the end it says
"Shore Capital analyst Clive Black said any offer north of 170p, or £314million, would probably be put to shareholders."
"Next is not planning to get involved but did not rule itself out. M&S declined to comment."
Talk about a fine speculative piece under the heading
"M&S and Next tipped as bidders for Ted Baker after the struggling fashion chain puts itself up for sale"
I am surprised they do not make a headline grabbing story out of a single comment on the LSE chat and run with that too.
Or perhaps they will :)