The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Onlyprofit - I feel your pain, I’ve had my fair share of losses as well. But if it’s any consolation you can still do well with AIM, overall I’m up even though I’ve had my losses. The important thing is to learn from your losses and put rules in place that will stop you from making further losses, and follow them. Read some books that will help you in choosing the right stocks and improve your entry and exit strategies. Personally I think there’s still some life left in this stock, it ain’t dead yet. Things could change pretty quickly so don’t give up hope just yet.
Holding firmly.
This could go either way. JD may decide not to sell the company nor privatise it, and continue along the cost saving initiative path mentioned in the RNS dated 29th January. It could go either way here, nothing is definite, which is why it’s a gamble. The decision is yours and yours only. We all live and/or die by the choices WE make. Which is why I can’t stand the knobs that come on here hurling abuse at others because they are down. They are down and it’s no one’s fault but their own. Anyway, I’m just looking forward to next week, this is getting real interesting.
That's only if someone is acquiring the company, if they cross 30% then they are entitled to place a mandatory bid for the whole company. Any holder (not purchaser) of more than 30% must enter into a relationship with that company intended to safeguard the company's independence, and I assume at the same time, they can place a mandatory bid if they so please.
If he holds over 30% it's up to him whether he bids or not, he's not forced to do anything. The company is not going into administration and there is no plans to file insolvency. Why people are trying to paint this picture is anyone's guess. The company is in the process of restructuring the company and cutting costs. The CEO is currently listening to offers from potential buyers, and he's also looking into the possibility of going private. Although the company has high debt, they are managing that debt comfortably, talks of insolvency is false, no such plans of that nature at this moment in time.
I'm not sure whether you'll be able to see the full details as it's a paid-for site, but give it a try.
https://simplywall.st/stocks/gb/retail/lse-sdry/superdry-shares/ownership
Munichmann - JD already owns 31.8% of the company, he could put in a bid at anytime. He's probably just listening to offers at the moment. Ultimately if the figures are not aligning to what he has in mind, or if he cant strike the deals that will give him some control, then he will more than likely put in a bid himself, or with one or two others.
There are only 99M shares in the company. If he offers a pound then he gets the company for £99M. I think 200M is a fair price for giving up my shares, although I would consider £1.50. Either way, he would still be picking up the company for a pretty reasonable price.
One good thing I've noticed with this company unlike other companies, is that they regularly update shareholders with developments. We had one early in the month so one should be due in around three or four weeks. Anything earlier will be a bonus.