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TheRiflemans - in short, with quite a lot of difficulty, as it would be 'over the counter' given that the formal platform for buying and selling will no longer exist. That said, you are free to sell your shares in the company to any willing buyer at any time; if you can find one. Since SDRY would no longer trade on the stock exchange, liquidity would be very significantly reduced. You may therefore find yourself limited to selling your shares to any major shareholders in Superdry, or any other investors who may be interested in holding unlisted shares in the company.
So, you 'can' still sell, but it is quite a bit more challenging than just the click of a button, that you currently enjoy at this 'listed' point in time (your share ownership rights remain unchanged too until you sell). 'Most' holders (PI's) however, tend to exit before a de-list, for the above key reasons; they just don't want the additional hassle. . . Hope that helps.
Be very careful here folks. The MM's did this loads of times last month. They make people think something is afoot, to off-load lots of unwanted stock, the punter PI's pile in (of course they do!) and suddenly the MM's then drop it like a stone, having made themselves a load of money in the (very easy) process! Be wary as ,it 'could' even finish down on the day!?
Ps and given that this isn't yet that ex-divi date that I am patiently waiting for, I am a little surprised to see it down again today. On ex-divi date of course you would expect the share price to pull back by the same amount as the dividend being paid. But today - again? Not what I might have expected!
Well not really, as I 'was' up over Β£10,000 having bought at 18p but then stupidly bought back in (twice!) and promptly lost just under Β£3,000!! More fool me! Anyway, each to their own as I say here, but still be very careful, as the tide can go out mighty fast on penny shares like these. . .
I'm also going to be adding to my holding here but once it has gone ex-dividend, as I'm not personally very interested in the dividend on this particular share. . . ATB
K3NTY you were saying this on 26th February: "Getting 37.4 to sell about Β£20k. Sheβs gonna bounce hard imo". . .
Well as we all know only too well, 'She' didn't 'bounce' at all!
So, now you're saying there is "money to be made in the short term". You must have LOST a ton of money in between 26th February and today, so you can only be making up for some hefty losses one is left to presume . . .
Yes 100% agree Garydav2 - be very alert to the new wave of rampers arriving here folks; spouting utter rubbish, as they like to do. They have only just bought in here, so whatever they say, is just not relevant to folk who have been here for months and lost a ton of cash. Don't get tempted back in!
On the other hand:- given that this is going to de-list and taking into account the big spread here, most will lose even more money, trying to day-trade their way out of this. 'Frying pan and fire,' spring to mind - just don't!!!!!
Lick your wounds, take your losses on the chin, dust yourself down and just move on, as there are FAR better options out there. . . . maybe time to look beyond SDRY now?! :)
Not even a one line mention in The Daily Mail today. Nothing it seems, in todays' newspapers; which, given the seismic events that took place here yesterday, does seem a little odd. I fully expected a dedicated article or two, given how long Superdry has graced our high streets; but nothing. Seems it's going to be allowed to disappear, without any fanfare. . . . π²
You'd be better served in my opinion, going down to Cheltenham (with some large angry placards) and protesting as severely aggrieved shareholders, outside the Superdry Plc Headquarters. You could well get local press coverage and perhaps even local TV coverage too. From there; who knows? Just an idea, but you would need to be there in shareholder force. . .ATB π
Scmdcyp - no more please. That's three identical posts today. R & Q is down 98.22% in five years (and -70% since 1st January 2024), so people here, really do not want to be taking yet another silly punt; just this time on an equally disastrous AIM listed company!! Go pitch some place else. . .