RE: This will 100% by Monday5 Feb 2024 07:16
Hey all, this is my take
Superdry has been a victim of a short attack, hence the share price is way below its true valuation.
JD sees this and hence wants to takeover the company, right now hedge funds also know that it’s true valuation is a lot below. (TR 1 First Seagul)
As of debt it has plenty of cash and actually made a profit in the last set of interims, paying down some of its debt, so the company is definitely not in distress here. (Actually improved net debt by £10m in the first half)
Cost cutting measures are another great way of reducing the outflows, so IMO, this could easily go for north of £100m and that is being conservative.
JD is most likely buying as many shares cheap in the open market as we speak and there are other suitors circling around.
Don’t be surprised if we see another 100% share price rise next week. GLA
https://www.retailgazette.co.uk/blog/2024/02/superdry-stake-shares-fall/
Article above states the following
Superdry’s value owned by a brand management company would be roughly £400m to £600m, from its current value of around £21m, sources have suggested.
Also to note GSA Capital have an open short position of 0.78%, most likely they would be buying back at a hefty profit, this will add to the buying pressure here, a lot of demand from shorters, JD, hedge funds and PI’s
GLA!!