The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Well the previous low before all this talk started was 15.50. So I presume somewhere between 15 - 20.
Yeah, it's not good news by any stretch of the imagination, but there is still a few routes by which investors can get their money back or make a small profit from, all be it very slim chance of any of them happening. I'm just going to hold and try to forget about it and see it as a long term investment that I've accepted I've lost on but that still might come up trumps one day.
"The brand does have value and for billionaire Chinese textile barons a few hundred million sterling is a drop in the ocean."
This is what I am hoping will happen now, some huge Company will come in and make an offer just to acquire and use the Brand Name which does still have value and recognition. All be it, I don't think it'll be at anywhere near to "a few hundred million".
I got in at average price of 43p. Silly inexperienced decision to jump in when the hype was at it's highest, driven by my own sentiment about the brand. Thinking of course it'll get bought out, it's a massive brand, the name alone is worth a lot to any company who might want to take it over etc....
Seems to me like my only options now are to sell at a 50% or more loss on Tuesday or just hold and ride it out and hope for a miracle. There is still the slim chance that the turnaround plan starts working and the company's outlook and share price starts to look better. I do still see a lot of it being worn and the stores I visit are busy enough, they've also just got the extension of the loan which they probably wouldn't have been granted if Hilco looked at the finances and thought they wouldn't get it back.
Also a small chance that now JD has pulled out, some vultures come in with some offers for a hostile takeover that might get me most of my money back at 35 - 40p per share or something.
Think it's my only option now to just ride it out and see what happens.
You clearly have no idea what you're talking about then. a 2% drop after a 20% increase is not what we call a Pump and Dump.
I can't see JD extending again, it will be pull out or come up with something. The market looks as though it's the latter. Surely you don't just jump 15% for nothing. Whispers have obviously started, hopefully we get a leak or official news soon.
Something has to happen next week one way or the other! Figures crossed for a good outcome for all holders and happy weekend to you all!
Https://thebusinessmagazine.co.uk/companies/superdry-heads-to-the-fast-lane-with-formula-e-sponsorship/
Good news, it shows the Brand still has a huge draw and they are still planning for a successful future. The brand has definitely not consigned itself to the scrap heap. Still plenty of value here and JD/potential financiers will see that.
You're still here posting the same thing? What a sad life you must have.
Source: "Trust me bro"
Why do you say that?
New RNS from L&G correcting their previous to remove JD
Bit of a drop this morning and then quickly recovered back to around 40p, it's clearly where the MM's want the price to be floating at, does that indicate they expect the bid to be around this price point?
Weird price action here, nothing but buys going in and the price isn't moving.
@StarBright The Form literally says what it is.
"PUBLIC DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE"
Rule 8.3 of the Takeover Code (the "Code")
The purpose of the form is that interested parties with 1% or more stake, have to fill it in and declare when they have made any trades while their is a potential takeover. It is a regulatory requirement to be up front and honest to stop any potential underhand tactics.
If the purchase wasn't on behalf of JD then there is absolutely no need to name him on the form and say that they're also disclosing on his behalf.
I think the fact Julian is buying more shares through L&G shows an offer is definitely coming one way or another. He's buying up as many as he can up to 30% at the cheaper price because either:- His offer is going to be higher than that, so he's getting as many as he can at the lower price OR he anticipates the offer price from others looking to takeover to be higher and he'll make some profit on the sale to them.
Quite a few decent size buys going through in the last half hour of the day, taking the price up to close 3.29% up on the day. Good sign.
"Prior to this" is the key part of the limited context you've included. If you had included the full context of that article then you would understand that the "prior to this" means, that's what the plan was before "this" happened. "This" being the CEO and founder looking at finding finance to take the Company private and 2 other Companies looking to potentially bid to take over the Company.
You clearly don't know what you're talking about.