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I sold virtually my entire holding in 2018 at around £22 as the the company was going nowhere.It is still too early to put down the new management although I did not like the up front payments and really in this industry it takes a little time to urn a business around.Last years results had a few special gains which will not be repeated again this year but I think they have to get back to basics as the market they are currently going for is too fickle.
There are too many derampers on this thread.IMO I think this share will move up before the eekend as there could be a rns on Monday a week before the agm which would lead to a more positive agm.We all know that we are only waiting for a signature and as each day passes we must be getting nearer.
IMO I think something is happening as there are lots of buys. I think someone is starting to build a stake and it would not surprise me that in the next few days or after the weekend a hostile bidder come to the fore,maybe a white Knight.Anything would be better than JD getting this for a song
I think it is highly likely that a bid could come in .I have a number of shares that I am holding and currently will not sell.Looking at the document again in an equity raise they will only raise about £8 million and say that the other shares are worth around £6 million it would mean that JD is getting an absolute bargain and if £8 million solves all the problems one could ask what problem .With an equity raise of this amount it proves that if JD is going to put this money in the value must go up a lot.They do not need to take on the extra loan if enough raised and they will turn the corner.I am sure today in some boardrooms they are looking at this very closely.I know if I had the equity I would take this firm out and I do not like the way JD is shafting shareholders.
I think today is a disgrace and the BOD should never be allowed to sit on a board again as I do not understand the two options on the equity raise which they will decide after the vote is taken.To allow the announcements to go out which devalued the company and giving the chief executive our company so cheaply is a disgrace.However there could be a silver lining as everyone knows the company now has a base value of around 5p.Other large companies might now decide to take on this company as it is so cheap and then kick out the CEO and get rid of the board and then the company would prosper.I think this could be the likely outcome.Let us hope this is what will happen
In the main I agree with you,however I think until everything is sorted Wholesale could take another hit this year as customers might not have bought much this year as in clothing term the peak ordering time for this Autumn has just about passed.However they might have already ordered the stock to support this and if the sales do not come through for Autumn this could give its own retail a boost as they will have more to sell and if they create the right marketing the profits will flow through as they get double margins on retail sales
IMO something must be happening as everything is so silent and no leaks.As I said yesterday a bid is highly likely from one of the big boys and JD will be sent on his bike and his antics since February have been very poor.I still think that it will go for a significant premium on the current price
There are a number of companies that could pick this up at a good price,certainly cheaper than having to wait in case it is no more.For very little money you get an established brand that you can use in your company.For instance M&S recently bought a brand as some of their customers do not want to have a label with M&S on it .Recently Tesco bought another brand for the same reason.This has happened throughout the years and has paid dividends.On the other hand I would certainly buy this if I was running a business.I am sure Mark Ashley could be thinking this over as he has done the same thing in the past to move his empire to be perceived more upmarket.
What rubbish you write.People normally look for companies that do not fit your criteria as their investment will be good but will rarely produce the returns that are needed.If you look over the years a number of companies might have been on their knees but came throught.One that comes to mind is Next in 1991 the shares went down to about 8 pence and many people thought it was going to fold and now it is around ninety pound a share
Your note is very good.I was only thinking on those lines this morning as this company would be a good buy.However most probably if I was the buyer I would think about using my shares to buy the company which would be cheaper then invest extra money into the business to not need to use the loan that has been agreed which would allow the savings go straight to the bottom line
I still believe that one of the big players will put an offer in as there seems to be no news about this share in the media .I think we will hear something by Monday.The current share price is so cheap that one of the firms could buy it put about 20 million an and not have to pay any interest on the recent loan which would help increase profitability.
Looking at the share price and looking at history the share price of Next about 30 years ago was at a simar price and has gone up a thousand times in that period
What t rubbish you write.I know you have taken the information from a broker,but yesterday millions more shares were bought than sold and in after hours one trade went through at over 16p.You keep wanting this company to go bust but for what reason I do not know
I wish that Gary would go home for the day as he often talks rubbish.The market capital value of this firm is currently under 15 million.I am sure that there are many executives today from various companies looking at this company with a view of putting an offer in.I would not expect any news for a few days and then I am sure we will hear something.There is value in this firm otherwise they would not have got a loan.There are may buys today which gives me confidence that something positive will come.It is amazing how people like Gary just wants to knock this company out.
Just topped up my holding as although price down this morning the buys are still coming in as this must be one of the best recovery shares on the market and I still think itwill be highly likely that a suiter will be found shortly
Why are most people so gloomy as although it was a terrible rns on Thursday which showed JD in a bad light there is still cause for optimism.The current market price is very low and some big firms will still view this as a bargain price and come up with bids which also might bring back JD to make another offer.If there were a rights offer we could certainly vote against a proposal to delist which would if it happened would not help current shareholders and I think it should also be not an equity raise bet a full rights issue.
Still think it is a bargain at current levels.Even an equity raise although will dilute holdings in the very short term I doubt that when done the average price would be around twenty pence and with it they would not have to use the loan as the funds would be sufficient so there would be additional savings on financing and with the planned savings would make the company back into profit and the share price would follow.There is nothing to stop the other big players come in and put an offer in at higher than the current price,so there is everything to play for