Member Info for Reddukeclothing

Gaintsquid / very very well said.

Shorts closed - there was too much resistance at 40p. Gla ????

Bank holiday rns - Morgan Stanley continuing to reduce. Share price holding up quite well considering the size of their reductions

Another rns now - gromley to represent shareholders as an unpaid advisor at the current business planning sessions.

Angel funds aren't ringfenced protected client deposits under the t&cs??? Anyone confirmed this with naked? They say it only has a parent guarantee on their website ?

I just called them - straight through and a very helpful person. ???? So not in full panic mode.

Wow that's crazy, I wonder if anyone else had that experience

Debt providers rarely provide stock finance facilities on a stand alone basis. There is no way I see that they are funding this at more than 50p of cost, 20-35p for a non perishable , easily saleable product at best on a stand alone basis.
Anyway everyone has their views and opinions pending facts. Good luck to all ????

No chance in my view. £1 NAV, the majority of that value is stock. Stock is worth nothing unless you sell it, to sell it you need infrastructure, staff, distribution, outlets , marketing and pay away commission. That stock is at best 20p in the pound at value. Further that stock is now subject to some financing from their debt facility.
Further again they are losing money, so youll need to find that.

Anyway enough from me, the rns got me riled.
Good luck all

Also re your comment on why he left. I tend to agree, in my experience it relates to disagreement. This can definitely occur where a Ceo is a cfo and strong willed.

Thanks. I guess the issue now is no one wants to buy until results day, except shorts closing for profits perhaps.
For a buyout the value of the company must be the brand name and the contact lists - ie assets vs a company, but I have no educated view or dd on this. I do see this going much lower as per thg and cine etc - just because it'll be in the trap of sellers pre results given that rns

There is no way he left a position of a month to do that. That is an amazing thought.
He works for a 10% shareholder. He's not giving up his career, Carry or similar for trading this. Blimey.

The new board member resigned already / maybe a month in role.
The new rns post hours (very odd), seems like a vailed profit warning and covenant compliance risk.
They basically need a plan to show better profitability ASAP , which sounds very dire . Further the method of update and timings adds to something being wrong here

I think today's rns makes my point - core revenue is £0.9m, that's it. Now you can see why they had to spend our money on existing businesses so they could show some turnover.

I think the issue here is the cash flow, ebit was just about zero before the inflation in logistics and wine costs . Management has not updated on any hedging of costs unlike other companies. As sales are flat (see rns ) working capital should be ok, and with the new stocking facility any growth will be partly funded, however with the huge increase in costs and without growth it is very very hard to back this company. The cash on balance sheet may last 6 months if they cut all costs and expansion, but that's a tall ask. Shareholder junior on board stinks of close monitoring too. All imo but this is a very hard share to buy or hold right now...

I've opened a short position here, on the back of the wider economic weakness and costs pressure. I think there is a clear risk of September results being strong , in line with the wider sector which is a major risk - however the market isn't really rewarding good news. I expect consumer spending to be dismal over winter based on current projections.
I think the companies debt , free cash flow and management buys are very positive but for now dont over rule sentiment. Revolution bars is a much more obvious short play, far less hedging and only £2m in cash , however I can't get a short on them.

No / each screen also comes with £2m of debt connected to it ... so yes buy it , but no way before it's in administration surely ?

It is underhand to compare this years FY sales inclusive of acquisition based turnover vs last year which is excludes it.
This is why like for like or inorganic and organic comparisons need to be used in accounting standards.

If they place at £6 do you think they'll get traction? All existing holders at the us ipo time will back it, mount senai will, management will. Everyone will get a write up on their shares.
Highly illiquid and very possible imo.
It's not quite maths btw the way, if the share was to repeat its last proven path from £2.5 it will be £10 again - that's also maths :-)
Still happy to have posts and comments gla