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I think it would be minimum of 40p per share offer personally,and that would likely get both shareholder and management approvals.This would be a fantastic aquisition for Sports Direct in my opinion and be value enhancing for both companies.If they had e-sport and Game in every one of their outlets I predict Sport Direct footfall into their stores would grow exponentially very fast.And I think Mr Ashley knows that.
Draft,I just seen it and my first thoughts are :-) and second thoughts :-) :-) what sort of bid price do you think this will attract ?
Can you refresh my memory on trade payables?
Draft,in my opinion Sport Direct will bid for this because it will be value enhancing for both companies.And based on some of their other recent deals they could snap up a real bargain here even at 45p - 50p.The reason i say that is Game Digital current market cap is just 44m but the recent latest results showed earnings per share of almost 10p and cash plus cash equivalent of 95m and a clearly recovering enterprise value.Regardless of any current problems in MA,s plans to get hold of Debs he will be aware that if they don't move on Game soon somebody else will and will then either miss a nice prize or be forced to pay more.In my opinion if they came in with a 45p offer for Game it would get shareholder and management approval.Mike is a very shrewd businessman and has he common sense approach of doing a deal while it can be done favourably.
Mike Ashley currently holds 29% plus of both Deb and Game.I personally think he will get both companies,and at far higher prices than today.
Anyone have ideas on timelines ? is there a cut off date or can this naturally play out
29th March 2019 - 12.17pm
Business Live Latest:
Mike Ashley and Debenhams shareholders have been thrown a lifeline by Debenhams management,the retailer said it would continue with plans to cut the number of its stores and negotiate rent reductions.The financial deal leaves the door open for Mike Ashley's Sports Direct,which has been has been vying to seize control of Debenhams,to make a bid.Chairman Terry Duddy said "We are pleased to have agreed this comprehensive funding package which secures the future of the Debenhams business" he continued "We have also preserved a route for our shareholders to participate in the future of the business but this requires the support of our major shareholder".One senior retail analyst predicts by this time next week Mr Ashley could have added both Debenhams and Game Digital to his retail empire.
29th March 2019 - 09.52am
Business Live Latest:
Mike Ashley,s attempt to gain control of Debenhams is looking less and less likely after the bondholders decision.There has been direct opposition and outright resistance from senior directors at Debenhams for some time now to the Sport Direct boss and his potential plans for the company.News released so far this week suggest Mr Ashley may have been outmaneuvered by Debenhams management,and could all end in a legal wrangle in the courts if the CVA goes ahead.But there could still be a few unexpected twists and turns yet in this saga given that the stakes are so high and the high profile of the players involved.Mr Ashley is building somewhat of a retail empire though with recent acquisitions of Flannels,Evans Cycles,and House of Frazer,and is likely to add Game Digital to his empire shortly too.Debenhams has a loyal band of small shareholders that have been dismayed by recent news announcements by the company,and questions will be asked how a once respected high street giant has ended up in its current position.Senior Debenhams management could come under pressure as shareholder anger grows.
This is a no brainer for MA and a perfect fit for Sports Direct as it will enhance both companies.I think he will get this for 45p - 50p and still be a bargain.It is currently valued at half its cash and cash equiv levels and a board that i think would like to work with him.As for Debs i think 5p was just a starting point,a clue to values lay in his offer for Danish co IMO
I think he will get both companies,Debs for around 12p and Game for 45p - 50p.
Interesting he has holdings just under the (required to bid thresholds) in both companies.My hunch is he will get both,Debs for around 12p and Game for 45p - 50p.
29th March 2019 - 12.17pm
Business Live Latest:
Mike Ashley and Debenhams shareholders have been thrown a lifeline by Debenhams management,the retailer said it would continue with plans to cut the number of its stores and negotiate rent reductions.The financial deal leaves the door open for Mike Ashley's Sports Direct,which has been has been vying to seize control of Debenhams,to make a bid.Chairman Terry Duddy said "We are pleased to have agreed this comprehensive funding package which secures the future of the Debenhams business" he continued "We have also preserved a route for our shareholders to participate in the future of the business but this requires the support of our major shareholder".One senior retail analyst predicts by this time next week Mr Ashley could have added both Debenhams and Game Digital to his retail empire.
29th March 2019 - 09.52am
Business Live Latest:
Mike Ashley,s attempt to gain control of Debenhams is looking less and less likely after the bondholders decision.There has been direct opposition and outright resistance from senior directors at Debenhams for some time now to the Sport Direct boss and his potential plans for the company.News released so far this week suggest Mr Ashley may have been outmaneuvered by Debenhams management,and could all end in a legal wrangle in the courts if the CVA goes ahead.But there could still be a few unexpected twists and turns yet in this saga given that the stakes are so high and the high profile of the players involved.Mr Ashley is building somewhat of a retail empire though with recent acquisitions of Flannels,Evans Cycles,and House of Frazer,and is likely to add Game Digital to his empire shortly too.Debenhams has a loyal band of small shareholders that have been dismayed by recent news announcements by the company,and questions will be asked how a once respected high street giant has ended up in its current position.Senior Debenhams management could come under pressure as shareholder anger grows.
29th March 2019 - 12.17pm
Business Live Latest:
Mike Ashley and Debenhams shareholders have been thrown a lifeline by Debenhams management,the retailer said it would continue with plans to cut the number of its stores and negotiate rent reductions.The financial deal leaves the door open for Mike Ashley's Sports Direct,which has been has been vying to seize control of Debenhams,to make a bid.Chairman Terry Duddy said "We are pleased to have agreed this comprehensive funding package which secures the future of the Debenhams business" he continued "We have also preserved a route for our shareholders to participate in the future of the business but this requires the support of our major shareholder".One senior retail analyst predicts by this time next week Mr Ashley could have added both Debenhams and Game Digital to his retail empire.
29th March 2019 - 09.52am
Business Live Latest:
Mike Ashley,s attempt to gain control of Debenhams is looking less and less likely after the bondholders decision.There has been direct opposition and outright resistance from senior directors at Debenhams for some time now to the Sport Direct boss and his potential plans for the company.News released so far this week suggest Mr Ashley may have been outmaneuvered by Debenhams management,and could all end in a legal wrangle in the courts if the CVA goes ahead.But there could still be a few unexpected twists and turns yet in this saga given that the stakes are so high and the high profile of the players involved.Mr Ashley is building somewhat of a retail empire though with recent acquisitions of Flannels,Evans Cycles,and House of Frazer,and is likely to add Game Digital to his empire shortly too.Debenhams has a loyal band of small shareholders that have been dismayed by recent news announcements by the company,and questions will be asked how a once respected high street giant has ended up in its current position.Senior Debenhams management could come under pressure as shareholder anger grows.
Sandy,you would need deep pockets to pay for that lot ! I have also just seen in the late trade data another 40m plus shares that we're bought at 0.177p which is the price the mm,s were holding it for around 2pm - 2.30pm today just before the order book flipped to bullish.I make that over £75k and in and around that was another 20m + that they did publish at the time.....going by what i saw just before close on L2 i think this may have a push through 0.20p shortly. I sense there is some positive news on the way.
Some notable large buy trades from this afternoon,and was accompanied by a very strong order book into the close suggesting a gap up pending.This could be about to get abit more exciting !
05-Mar-19-16:01:--0.1825p-9,200,550-Buy-16.79k
05-Mar-19-15:40:--0.1795p-7,000,000-Buy-12.57k
05-Mar-19-14:27:--0.1795p-3,000,000-Buy-5.385k
05-Mar-19-14:20:--0.1777p-5,000,000-Buy-8.885k
05-Mar-19-14:20:--0.177p-5,000,000-Buy-8.885k
05-Mar-19-13:51:--0.1784p-7,000,000-Buy-12.49k
Seer,the closing UT was not great but L2 suggests it could stay above 10p on open Monday and trade up again.
Have a good weekend all :-)
Possibly unless they have a running short open,they would have made a huge loss otherwise.
Next week could be more interesting now.
Invesco down to 14%
This could have a strong finish today after US opens :-)