RE: Taking private27 Jul 2016 10:29
Good morning tidd83. I was actually the first person on this bb to moot the point that the company might be taken private but that was before the select committee hearing and it was for a very specific reason. We now have another retail magnate being under threat of being stripped of his knighthood in relation to a company he no longer owns so taking spd private is not going to make another select committee suddenly stop holding this company's "feet to the fire." The company will do all it can to be seen to have sorted out perceived or real issues (in my opinion) and, having done that, is not going to risk further criticism, yet a different select committee getting involved, bad pr and scrutiny over a takeover at a knock down price. Ashley lives in Britain and even Ireland would not be Kazakhstan. Our press etc. would crucify the company if it was taken private on the cheap and any shareback scheme instituted would be for a negligible number of shares and not enough for Mr. Ashley to gain full control. Most companies I know have made a hash of share buybacks e.g. rolls royce, premier oil etc. etc. buying at recent tops so at least spd cannot make that mistake but most investors would prefer a divi ATB