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First let me start by saying good morning Toffers and wishing you a good Easter. Its always good to sleep after receiving news and then re-read what happened with the RNS feed. I am beginning to think that most have only taken the negative and not read in the full. Certainly we have new members here saying BS all day long. So in business when we get a shock we always regroup and assess what happened and what's our position and what's next.
1)So good news, SD gets more funding with immediate effect, also an extension in the lending date, also additional funding dependent upon a cost saving plan.
2)JD could not present a viable bid to the board, so but anyone can bid for the company at any time now, its an open door for bids.
3)The company is not going into administration, this was not stated in the releases, its just more BS on this board.
4)Julian Dunkerton remains fully committed to the Company over the long-term and is in discussions with the Company in respect of alternative structures.
5)All re-read this in full "Response to announcement by Julian Dunkerton 28-March-2024"
6)Director Change Update, this means they are looking outside the group for a replacement.
There seems to be many new users here just wanting to add only BS and fear, but the fact is its a fully operational and functional business, is in distress that's for sure, but SD would not get additional funding or an extension to its load or an uplift to its credit line, without extensive scrutiny, so again another plus.
I expect a lively board and I expect counter argument, as PI's we had a rough month, but I say again re-read and think about YOUR plan and what works for you, this would not be the first company to receive an unexpected unsolicited bid so do not immediately think its a dead duck and don't just dump at market open on Tuesday and throw away your shares. They will be bought for certain, that's a given, but by who ? New users here ! Yesterday I was angry, but today I am re-assessing and working on plan D. GLA and for goodness sake DYOR and do what works for you.
Agreed
What price Tuesday, well i think at the end of the first extension we were at 42 and at the end of this one we are 28, so you could argue that the no bid is partly priced in. So i could see a price of 23 at open but its going to be a red day but would not expect it to slide into the teens. Most sellers today were locking in a loss, just like myself, and Tuesday will no different, but there is a time also to hold and wait, and you will get fresh money into the share on Tuesday, you must have, otherwise the share goes to 1p. As I said i have my plan D now in work, might put in some buy orders to catch the falling knife, then release on any rebound. So I might even be a buyer on Tuesday. GLA.
Hi Toffers - Yes i sold half but still have the other half so I need to think over Easter what to do, there is the working capital arrangement so that's good news, and it had dates into late this year, so also good news. We need to see the trading figures and we now await a statement informing how the next few months will play out, all the shops and outlets, staffing numbers, any further IP asset sakes etc. JD still has 27% and JH has 5% and Lloyds back has 1%, Seagull has 4 or 5%, IK has 2.5%, someone in Monaco has 1%. What I am saying is who will speak out now regarding the RNS drops and will some investors push SD into making statement regarding its trading future. Tuesday will be a red day, that's for sure. Anyway have a good break over Easter and I hope you have better weather than here in Cheltenham, here its constant rain. Maybe i go to the Hilton on Sunday and look for that open bar !!! GLA and sorry for those holding a loss, just like myself.
Hi Toffers - Yes i agree, i often see JD around town, not quick sure how i will greet him next time, certainly his name will be finished in Cheltenham and his Cider, Hotel and restaurant business can all go to hell. I always defended him before but this is despicable and 4000 jobs at risk. JD needs to make another statement before market open on Tuesday and SPD needs to add a further trading clarification statement otherwise its going to be a 1p stock. I wonder what JH thinks of all this, his 5M shares are now turning into junk shares. I sold 50% today and also hit the sell all just before market close but was hoping for another extension so my plan C was to buy back in April in a dip. Now I need a plan D. So many buyers in the last 45 minutes hovering up the cheap shares, But it was rising as we approached close so that's still baffling to me. Well PI's got crucified here so very apt going into Easter.
Title says it all, we have 45 minutes left of March trades, still awaiting an RNS drop with any news at all. Volume is 2.4M so lower than I expected, but we could always have some aftermarket late trades so still could be nearer the 4M that i was expecting. Wherever the Dunks are, i hope it rains, JD should be 24/7 working a solution, focus on the bid plan. Lets now see how we finish the month, still might get a golden Easter egg. GLA.
When we first had this post, as I Live in Cheltenham and I know this hotel very well, anyway I called and spoke to events and ofc they had no event booked for SD. But we were enjoying a blue day so i did not post this but maybe I should call again ???
Hi Toffers - Glad to see you are still here, i now you have had some issues to sort out, i did read all your messages but thought i would reply later, so that's today. I can't deny that this share is very perplexing for me, 2 months ago the pitch seemed very clear, a direction of travel that needed no explaining, all was logic and all made perfect sense. I just can't read this share in any way, shape or form, its become my fickle mistress. I now have a plan B and so have acted accordingly. I assume you will ride the coat tails if it starts to fly, so this is my plan C. I think the PI's will vote with their trades if we just get another extension without at least a progress update or statement from the board, anything really. The last few days have been good so that's always a plus and has made my plan B easier to execute, so have taken a haircut on a block I was holding but still firmly believe its going to end well, but like everyone else I have my limits, I can except a wait, but I can't accept a 3 or 6 month wait and see approach. Anyway really good to see you here and chirpy again with your posts. GLA.
Anyone notice this late declared trade ? So volume is now amended to 2.66M
17:41:27 30.133 127,607 38.45k O
Good day for investors and volume up at 2.5M and we closed up, almost 8%. Again bland RNS drops, so nothing exciting either way. The SP was a tick under 32 at one point today, so very happy as tomorrow we can open with a 3. Tomorrow i will need lots of coffee as I expect it to be a fast trading day and will easily surpass todays trading volume. GLA.
Its risen because a news article mentioned STJ and suggested its ripe for a takeover so all the carpet baggers jump on board for a quick profit, they will stay 1 or 2 weeks and then be gone again.
Again strong volume, just over 2M and lots of blue and tipped over the 30 line before falling back slightly as we approached close, and as we see most day normal market games at close when we have asks getting lodged below bids ! so we closed down a tick. They tried the same at market open but luckily the demand was there from open and it failed to register a down tick. More bland RNS feeds and 2 trading days left, i would like to see tomorrow be a strong day volume wise and close above 30, would be good to open up on Thursday with a 3 at the start. GLA and DYOR.
Usual small bids to try and set a lower opening price, how anyone can place a bid below ask is beyond me. Just a heads up if it opens a tick down. GLA.
Good day for the investors, bad day for those who sold last week after weeks and weeks of ramping the stock. Really no idea why PI's sold last week, I hope the PI's bought back in today once they saw the trading trend today, also good volume and a very blue day. Trade in haste, repent at leisure. Always so true. GLA.
Toffers - Who needs this CFO when he was the one responsible for missing the August 23 deadline and ended up with the shares being temporally suspended. I think its a relief that he is out the door and hopefully a JD size 11 kick up the a** to help him on his way.
Why does anyone sell when we have just 4 days until the end of the extension, makes no sense, every trade must be locking in a loss. Good luck to all the investors, not a bad end to the week, volume is ok today and the RNS feeds were again bland. Looking forward to next week. GLA.
Hi Toffers - not too bad at close, we just gave back all our gain we had on Friday. So back to last Thursdays closing price. I did see you were posting over the weekend but i had absolutely nothing to add so i just read the posts. Its going to challenge our belief in both the company and how JD manages our aspirations for him to formulate a bid. Todays volume was close to what we saw yesterday so nothing special. GLA.
I see no reason to sell right now when we have only 8 trading days left and i would expect a rally into the 28th so it might dip on no news and lower volume but i would also expect a rally into the 28th as we experienced last time. My expectations might only be low 30's by end of next week but its better than selling in panic or acting on no real news. No one likes to loose on an investment but can anyone here really make the right call when we have no news and the RNS drops are bland. I am going to time limit how long i stay in this share, if we reach next Thursday lunch and no news then i probably will reduce my holdings but for now i hold as i still say its 8 trading days and i can wait this one out. GLA.
The problem in trying to work out what price to go back into the share is always the same one, don't try catching a falling knife. Its got to hit the floor first and right now its still in flight.
Well done Heggy for holding, just look at all the PI's selling, and most of the trades would lock in losses and so many seasoned investors also started selling a % of their holdings, but on the positive the RNS feeds have reported nothing of concern. We ended the week with a blue day on Friday and almost 10% up. That will be reported in the media and we could have many of the PI's returning as well as a wave of new investors so i see the next 2 weeks having increased daily volumes but as others have already said, Monday will be a marker for the final 10 days. I have not sold a single share, act in haste, repent at leisure. Good luck with your investments.