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only 1million max online.
Did not the chairman and CEO buy £2million pounds worth of shares at 20p this year.
From the 11th of November so they had 4% on that date. Big trading since then.
what is it worth with a banking licence. Major shareholder has 73% and 2 shareholders hold 85%.
did not expect that.
That was a big buy at 0.75p
Did not expect that. It was illiquid at 5p so unless there are sellers it will be very illquid at 0.50p. will someone make an offer.
thats tight.
With the cash burn rate there is zero chance of paying off their liabilities.
https://www.theguardian.com/business/2022/sep/23/madecom-plans-to-cut-a-third-of-staff-as-it-seeks-buyer-or-investment
“In order to extend the group’s cash runway further, the board has concluded that costs must be reduced further and a process has commenced to implement additional cost reductions, including a strategic headcount review, within the next few weeks,” Made.com said.
The company is also consolidating its supply chain in Europe and Vietnam, closing its operations in China, and reducing its warehouse capacity because of lower levels of consumer demand. Customer service will be outsourced to a third party.
“Whatever happens, it looks like existing shareholders may be wiped out or be left with a mere fraction of their original investment,” Mould said.
From ADVFN
https://www.ft.com/content/b03a399f-141c-4516-a002-1e4c764d2a0a
The bit that sticks out.
“While the group has had a number of strategic discussions with interested parties, the group is not in receipt of any approaches, nor in discussions with any potential offeror, at the time of this announcement,” Made said.
So it looks like they already have put themselves up for sale to a point with no bidders yet.
Net cash June 2021 was 175million.
Cash June 2022 was £31.5million.
Its been 4 months since and trading has deteriorated with no guidance.
Unless some acquires then this looks to be in a very difficult situation.
https://www.ft.com/content/fda46bfa-dd6a-40ac-a277-8089a65c7d80
I give up.
That is another UT normally during auction.
Thick as mince,
931k sold at 0.091p.
That is a sell.
Now who is disingenuous.
That is a UT trade.
Look at other companies with UT trades and see they are not normal trades as specific with price.
Bid is still 0.091p.
I don't think you know much about UT trades. And if you have any shares you will know bid is 0.091p.
So if you want to sell is is as 0.091p,
Above Mid.
No its not.
250k online at 0.0975p.
Its not disingenuous.
That is what Halifax are offering.
Not much available at all time lows.
https://www.investegate.co.uk/trafalgar-propertygp--traf-/rns/tr-1--notification-of-major-holdings/202112221723275485W/
This was his last holding at 12.4 million shares. He now hold over 20 million shares.