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I have lost a lot here. I’m not sure what will happen. I’m glad I sold at 15 yesterday, but really don’t know what will happen.
2 things, I really believe as CEO there are things the FSA need to look at here with his conduct. The late RNSs that were all clearly not all agreed on the Thursday were purposely delayed and issued together, not allowing private investors a chance to digest any or all before close and hence locked in to 54% loss. I don’t think this is right and is certainly not ethical.
Re current situation. I had read over weekend. Superdry dropped 6 places in category for online traffic, this suggests the situation is worse and likely why he screwed people. If any supplier etc starts to ask for cash upfront it will be a rush to the exit. This might not happen and those bravely investing now might do very well, maybe somebody will buy it. Does seem very likely though that they will wait till PI are wiped out so they pay the prime debt to take over and then keep the best stores open as that means the landlords of failed shops get nothing and can’t insist on the leases continue which might have years to run.
So caution really, in a big loser here, I was gambling at 30p and it went badly wrong. Good luck
I don’t know if I’m right or wrong, certainly till now been very wrong, mainly as I thought JD had some integrity.
I can’t have money tied up in private company, so unless there is different bid the current situation is not for me. If there is one article that suppliers are starting to ask for cash upfront for stock then it would be game over. I hope this doesn’t happen. The largest shareholder being the CEO and able to do all those RNS without governance by the chairman / more timely for PI is red flag. All of those events in the different RNS happened over a period of time, yet they announce them all without giving anyone a chance to trade and ruined my and other people’s holiday weekend.
Integrity is the top of list for what I expect from those I invest in. Hence the more I have debated my terrible decisions the more I am starting to doubt any recovery here. Stuck to know what to do but will decide in next hour. I wish you all good health.
Is my view. Very material discount to Fridays price of 28p. Suckers now selling to those that understand the value.
Really funny to talk about other trolls while casually suggesting 80%. This is a good business after all the turnaround takes effect and loss making stores being closed all the time. The profitable ones are good and the clothes are good. Mike Ashley I expect to be mentioned here soon, it would work in his sports shops to have some SD stock and allow more closures of stores while increasing sales of SD. Next also very possible.
What is ludicrous is to think Dunkerton can just snap his fingers and rip people off when there are no liquidity or cash flow issues and he has said himself things are turning around. Legality dictates sharehilders do have big say here unless 75% think his plans are good idea.
I expect it will open lower unless a bid comes in morning. However it is valued at less than 7% of turnover with many positives to look ahead so it will not fall like people think. Why do you think Dunkerton wanted to buy it and as stated was rebuffed by transaction committee as price was not acceptable. I think he has failed in his duty as CEO and what he has done is close to the line of legality.
With growing margins, reduced stock levels and more full priced sales. The company with some slimming is extremely valuable and has some good quality clothing that, regardless of certain comments here, is well thought of by many people that wear it. Clearly it will fall on Tuesday unless a surprise RNS, but it is worth very little already with over £400m turnover and debt of £28m. Even the new lending is “available when needed” rather than required currently. This all stinks overall, but it is a company with value and let’s see whether next, Mike Ashley et al are happy to miss a chance to swoop in at a lower price than even they would have expected.
Dunkerton should be immediately fired by the chairman.
He should be arrested
Same happened at ASOS and BOO, it is forward that matters now, and yes agree shareholder value has been aweful while he has been CEO. However, doesn’t change that he wants to own all of it now at the price acceptable to the board and then continue to streamline post covid, post supply shocks, post inflation nightmare and interest rate rises. I, and JD clearly, believe current market cap is not correct for the CURRENT state of the business and the future prospects!
Company is worth more than its market cap and JD knows this
As founder and CEO for last few years he is responsible for the impressive turnaround (yes still loss making but close) closing stores, reducing inventory from 19m to 7m units and now more items sell for full price so margins steadily growing.
Why would he say he wanted to get funding to buy the company unless he will then do it. For me the only question is how much he has available if the board turn down whatever the first offer is. Worst case scenario he bids 60p and board rejects and he hasn’t much room to increase offer, all my views. The Kellets clearly believe buying 3.3% of the company at average of about 36p is a sound investment.
You don’t make huge returns without some people being fearful. The company is on solid footing and internationally has a brand that others are willing to pay £10s millions to use. I will continue to add today.
Tried to buy £8k then 4 then 2, no quotes. Can sell anything up to £50k. Work that out ladies and gents…
Nope I’m looking live on google share price. It is normally within 30 Seconds the share price will show the trade, doesn’t show buy or sell but of course I know what it was and previous ones always show. My guess is something is brewing
Trades are not being reported as they happen, I’m not suggesting like some that market makers playing games, however I have just bought £7k and it is not showing instantly like it normally does. I like Superdry for its ongoing turnaround, slimming of stock and stores to those that make profits and it’s good quality stylish clothes at a decent price which are good option to the rubbish from Shein and H&M which I also buy but not for going out!
I do believe an offer will happen, but if it doesn’t equally happy buying at current levels. All shares have a risk, I don’t believe the risk reward is correct at these levels and expect an offer to reflect this. Make your own view, recommend a listen to the most recent earnings call to get perspective of the company rather than the stock market pantomime
I see this company as fundamental to the automated warehouse / delivery future in retail and (as shown by tech deals) many other industries that need to warehouse and pick and deliver - pharmaceuticals, multi product warehouse like Amazon a tiny fraction improvement in accuracy etc means tens of millions in profits. Ocado is a tech company, I would recommend changing your view if you think it is a good retailer (yes it is of course) but the future is the tech, not the food
Check out what the analysts made of the call!! Buying all day here for me
I haven’t changed my view about directors selling to have a life style or how well Darktrace will do. I do believe in opportunity cost theory however, and believe Ocado will do better in the short term than Darktrace due to perception about 2 board members selling, hence I’m switching some funds between the two shares and will then debate when to switch back. It’s a strategy I like to use. Good luck
So if she wants to invest £4m elsewhere that doesn’t make Darktrace a bad investment. So she is diversifying, starting another business with a friend, buying shares of Ocado because she loves them and thinks they will do great. So a director can’t sell £4m of shares to do something else unless she believes Darktrace is the single best place for her money? We live in the real world and I would prefer a range of large investments than everything / most on one company. That really is my last comment, it’s a red herring!!!
Maybe she wanted to use the money for something to enjoy life. You can’t just leave shares in the company and never sell or you can’t enjoy life. I have learned to follow director buys when there are multiple together and avoid thinking too much about others. What is the point of having 10s millions £ in company shares and not enjoying the new house, the boat, the holiday home in Italy… there are dozens of reasons for her to need the money, and if it were anything bad she wouldn’t be allowed to sell them.
I won’t discuss this topic again, as it is yet another red herring. Great results, great prospects, massive growing addressable market for AI / Cybersecurity, great product and undervalued to US peers by 50%.
So focus on Mike Lynch and a director enjoying their wealth OR focus on making money from a great company.
He has no say in anything at all. The board and other shareholders have actively removed him from anything to do with the running or say in the company. 4% gets you nothing other than a vote for those 4%, so you can argue he can vote at 4%, but that is nothing to do with somebody perceiving negative about his legal stuff and the connection with Darktrace. My word this is boring discussing him rather than a really exciting AI Cybersecutity company that has just produced materially better than expected earnings and outlook.
I won’t continue to discuss that I see no relevance to ML on Darktrace. I am using it to add, full stop, as it is irrelevant distraction to the company, hence wanting to discuss the company and not the as yet unproven allegations against somebody that has NO influence over decisions, strategy, policy or anything else at Darktrace any more.
Any fine will be after years of appeals, hence not relevant also in my view, and as said the company will, in my view absolutely thrive in next years so would be easy to place his small % of the company with an interested party.
How about we talk about Darktrace. Who knows about some of their Enterprise business prospects? What about the new Federal certification? Which channel partners are signing up to sell?