Member Info for sportbilly1976

A jump to £750mln mkt cap??

From an objective viewpoint, on what basis is this achievable (asking as a holder, but one who is always cautious pre rns')

I would query the release of disclosure of existing notifiable holdings - where are they?

As per here: https://uk.marketscreener.com/quote/stock/SUPERDRY-PLC-6064359/company/

When have;

HSBC (16%), Gatemore (3.6%) , Abrdn Asset Mgmt (2.94%), Canaccord (2.6%), Oasis Capital Partners (2.44%), Natixis (1.9%) and Janus Hendersen (1.8%) ...released 8.3 form disclosures??

Only one rns is of any relevance, that for Mr Scott

The 8.5 notifications are merely dealing notes from market principals...they can be ignored

If that were the case, he'd have sold the entire stake

First Seagull is a one-man band (Stian as the investment manager).

https://www.linkedin.com/company/first-seagull/about/

Where is that? not seeing a holdings rns for him

The 8.5 ones are essentially meaningless as they merely announce market principals are buying and selling on behalf of clients.

8.3's are the ones to watch (and the Form 8 ones from JD himself too)

Which looks to be on a technicality (as they are not required to disclose offeror).

Doesn't change the fact their holding is for the offeror

A form 8 holdings increase from JD now (to a similar extent of the 1st Seagull sales) would definitely put the cat among the pigeons!

They published how they felt it was under valued. They are a fund and will manage risk (unlike many pi's)...hence the trade to reduce and bank profit.

Dunkerton confirmed he was looking to finance a bid. That situation is still in play until confirmed via a rns

First Seagull - buy 5%, state it is worth multiples...former owner muses about making an offer, sp doubles.

First Seagull now cut investment by 60% (essentially now a free carry).

Nice business model!

Still waiting for other significant shareholdings to notify and confirm

https://uk.marketscreener.com/quote/stock/SUPERDRY-PLC-6064359/company/

What tempers me to your comment is the lack of market response to the rns...if this were the final purchase prior to a nod & formal offer, the sp would be reacting.

Only disappointment is the purchase being declared is just for 5,200 shares

Who are buying and selling.

Peel Hunt - bought 5.9mln, sold 6.2mln

There have not been any TR-1's today

8.5 form merely indicate where a market principal have been dealing for clients - they are not the institutional holdings.

Those will be from the 8.3 forms (and even those holdings could have been acquired some weeks/months ago).

The 8.3 rns' are holdings notifications due to the takeover situation.

Any/all holders with >1% have to declare their position. This position may have been opened last week, last month, a year ago.

However - subsequent notifications from them will show if they are now increasing/decreasing their exposure. Iirc each movement now will be notified (not just when crossing a % threshold)

The 8.5 rns' are market principals merely trading for clients (hence the total bought and sold and the high/low price for each).

It's a declaration of current stakes...they might have purchased them at £1+ (or at 20p)...if they release an update with 2mln holding then you can say they are building for a takeover, but not yet

17th Feb'23

He bought £400k at £1.118.

Can't see any subsequent to that...so that would be the minimum he'd need to offer given the 12 month period kicked in last week

What were Dunkerton's purchases over the past 12 months (lowest price)?

Trawling through rns' but thought I'd ask here too