Member Info for mt11

These RNS Disclosure Forms are related to the Takeover Panel. It shows the position of the entity mentioned in the form. You may see an increase or decrease in holdings but equally you may see no change between 2 disclosures.

0.78% is tiny. Roughly 100 million shares so even at £1 that’s around £750k. At £4 a share thats £3m.

It could be argued that there are many more shorter under 0.5% reporting threshold and they’ll all add pressure. Or that most shareholders are severely underwater and they won’t sell easily.

Superdry hasn’t been subjected to a short attack.

The problems are poor performance, lack of faith due to poor investor relations, and it being viewed as a value trap.

JD won’t be bidding anywhere near what the newspapers are saying unless he is forced to by a competing private equity bid. Luckily for us, he does have to make the bid the highest he paid in the last year which will be from March 2023 onwards, that’s a double from here unless I’m mistaken.

Also worth noting, JD has said he wants to take it private before as well but that didn’t happen.

This is a rollercoaster of a share, I’m unfortunately a hostage for now but I am liking the prospect of hopping off.

JD wants to put the brakes on the share price. Madness. I hope they get a competing bid for the sake of other shareholders.

Good to see Superdry are now updating investors.

Successfully revising the rent will propel this share price... but might be a much smaller company at the end of it.

Maybe Frasers Group are taking a punt here as well to get a seat at the table if they start liquidating the company.

Superdry will keep haemorrhaging cash without better cost control

Presently Superdry are letting others define the narrative. Without taking control they won't grow sales or change their placement.

Sueprdry should be able to negotiate on store leases, the owners of those stores would struggle to fill those gaps.

Good chance that Superdry gets taken over by the current lenders for failing to meet loan covenants. Superdry needs to reassure the market. Unfortunately the current approach suggests he has given up.

Superdry actually create good quality products but it's the baggage of the brand that's hampering them.

Worth noting, Superdry is in a lock-up period and therefore directors are unable to make share purchases outside of pre-planned purchases, e.g. Superdry’s Share Incentive Plan (SIP).

JD will not be able to take this over at the current price, he'll have to make a bid based on share purchases in the last year.

If they go pre-pack then they will struggle with lenders unless they get agreements beforehand. Not worth burning those bridges.

I expected Superdry to provide a press release allaying fears of an imminent collapse. Deals happen over weekends, it's possible they "raise" funds over the weekend and report on Monday. Over even in the interim results.

Superdry might not be "cool" anymore but it is still producing a lot of revenue every year. If they snip a few expenses then they can return to profitability.

Has anyone messaged IR at Superdry for an update?

21.4% - with Boohoo, it has to be close to the amount they can get without pushing up the share price.

They seem to have already reached this place with ASOS hence acquiring voting rights through financial instruments.

There are laws around misleading investors, it's one of the reasons the share dropped from £40. However, it's no like in the US where we have class actions.

How much are we buying tomorrow ;)

Joking aside, I'm still shocked how Metro Bank shot themselves in the foot and in this country we have limited recourse. The CEO repeatedly said no need for any more funds and then speed-ran a fund raise at the expense of existing shareholders.

Metro Bank are now leading in terms of interest paid for savings for both instant account and fixed savings account. I suspect they will report an uptick in deposits come the next update.

"...as well as a modest statutory profit after tax."

What do you think their definition of "modest" is?

Has anyone been in touch with investors relations and have anything else to share?

Metro used to give more information in the trading updates but then dippy Dan Frumkin came along and put an end to that. Now they give then bare minimum. Which was fine until they broke that rule and trashed the share price and nearly gave the whole business away.

I think they ditch AIRB. Metro Bank foolishly announced they need to do more work based on verbal feedback which led to a colossal collapse of the share price.

Then Daniel Frumkin said in the recent investor call after its recent wild weekend that Metro Bank is still waiting for the written feedback. In that investor call he said they don't need it for the new direction they are going in.

Chances are the people who emptied their safety deposit boxes returned once it was communicated that Metro Bank is not at risk of collapsing.

Metro Bank ought to have a note explaining raises and balance sheet changes post the reporting period. They cannot escape this as they will need to make a case for the emergency funding in their prospectus. So either way it will come out.

Then again it's Metro Bank who have mastered the art of self sabotage.

Next Tuesday

They might have started their position earlier and the bit that tipped them over 0.5% reporting threshold was around 30p.

There may be a lot more short positions which are under the reporting threshold but when taking together amount to a death by a thousand cuts.

Liquidity sucks for Boo.

Boo and Asos should do a stock consolidation for lols.