Member Info for StarBright

@Toffers - I have pointed you carefully toward the answer to your repeated question on minimum consideration and time periods. Part of the answer is actually in the text you quote below - the requirements in respect of a mandatory offer (eg if the offeror goes past 30% PRIOR to making a discretionary offer) may be different to those extant when rule 9 doesn’t apply.

Do you think JD and his advisers will carelessly wander past 30% and wake up one day having to make a mandatory offer under rule 9?

I can (& have) pointed you in the right direction on this several times. Why not read and think rather than flapping about like a carp in a boat repeat posting here?

@dean01 - CVAs are an Insolvency Act process. Shareholders are the last concern, rather the process is intended and run to protect the interests of employees and creditors. CVAs can include a capital reconstruction including a rescue rights issue.

It’s a safe assumption that shareholders in a company that announces a CVA will lose their shirts - their shares losing most if not all of their value. As they should - they are providers of risk capital and this is the inevitable outcome when a company becomes insolvent.

“… UP TO a value of £3,000 per employee”

“… an additional 9,515 Ordinary Shares have been issued”

Couldn’t be any clearer, @AVCT.

On this board in particular, there are some enthusiastic frequent (and to be fair, well-intended) posters who are posting from the most dangerous part of the Dunning-Kruger curve. Textbook examples of unconscious incompetence with little if any awareness of the perimeters of their market knowledge/understanding…

None of the major platforms - HL, Barclays, Fidelity, II, Charles Stanley etc - lend shares. All of them say this explicitly in their T&C.

If you’re using one of these (or their peers) then the notion of placing a limit sell to stop your broker from lending your shares to shorters is just LSE bulletin board drivel, and can be safely ignored.

@Krustysmegma - BSIF is on my list to investigate. Do you hold? Interested in your rationale / investment case if you are minded to share...

If I were an adherent of charting - which I certainly am not! - I would observe that the daily chart looks v promising here. A chartist would tell us that If the break above 90p can be consolidated, further gains may be realised.

Yes - that's possible too.

The point I was trying to make is that any re-rate here is unlikely to be driven by small punter trades and sentiment/volume ticking up. Rather there will be a price dislocation on hard news.

Could happen at any moment!

Encore une fois groundhogs. It's deja vu time again..!

If there's ANYONE left reading this board who hasn't worked out the obvious posters and their patter, you only have yourselves to blame....

Saw your header @Driving, so took a look.

Just 20 pocket-money trades so far today, nothing >£10k..!

I don't think the tape is going to tell us anything on this share. It's not going to multi-bag (as we are promised..) on the back of penny-punter trades. If it's going to work out as we hope I expect the first thing we'll see will be a suspension RNS, followed by an exciting wait for info..!

Malcy evidently has a position.. ;>

“I have slightly rejigged the numbers for the company as a result of this deal but either way there is phenomenal upside, any success at either Selene or Pensacola would make my TP of 200p per share look ridiculous. Deltic must have a very good chance of being a ten-bagger from here as despite reasonable performance this year of a 30% rise in the shares, any similar news from Pensacola or of course the Selene well would dwarf that move.”

No. Read the RNS!

A major holder.

Scroll down further. There is a paragraph headed “Rule 2.9 disclosure”

Far more misinformation than disinformation on this board. Generally from posters who are well-intended but lacking knowledge. Perhaps especially those who seem to post before reading or thinking…

On the 2.9 question, the company made the initial 2.9 disclosures on Feb 2nd in its RNS. The release yesterday was only to update the notified shares in issue number. It doesn’t mean that any offer has been received as some are speculating. The company is obliged to issue updates as and when any of the 2.9 disclosed information changes. The shares in issue number is very important because it is the required denominator in all calculations of %holdings.

A bitter blizzard of accusations @alibaba42. Looks somewhat personal…

You can - as you say - wait for clarity on UK revenue generation under the new framework, and for completion of the US rollouts. But likely not at the yield available today. A risk/value judgement; your call is different to mine - that’s what makes a market.

“…GSF have simply thrown some batteries into a GRID put in an operator and said ok thats done whats next - oh the uk grid is saturated (which they realised late) - lets do the same in the USA. 

…they are reactive and not actually lokking forward into the market and trying to anticipate trends and how their assets can benefit from it.”

“…there have been a bunch of people in energy storage who think they are smarter than they are and GSF is certainly one of them.”

“…they thought they were smart to choose smaller batteries which turned out to be incorrect (because they cannot participate in Blaancing Mechanism”

“…GSF is arrogantly contuing to purse their expansion into more small batteries in the UK without really considering the futurre revenues tthese will generate”

“…GSF and rest of 'im the smartest guy in the room' will end up being acquired at below NAV once the dust settles and smart people with good capital allocation can acquire these muppets”

“…GSF think they know it all but it has proven to be false so far in UK.“

Nonsense. The initial 2.9 disclosure was in the Feb 2nd RNS:

“Rule 2.9 disclosure

In accordance with Rule 2.9 of the Code, Superdry confirms that, as at the close of business on 1 February 2024, being the last business day prior to the date of this announcement, it had 99,072,093 ordinary shares of 5 pence each in issue and admitted to trading on the main market of the London Stock Exchange. The International Securities Identification Number (“ISIN”) for Superdry's ordinary shares is GB00B60BD277.“

Cool your jets… This RNS doesn’t indicate that an offer announcement is imminent.

It is simply an update to the number of shares in issue, which have increased slightly - probably for some old option grant or similar (the reason doesn’t matter). The last para - copied below - explains that revisions must be published “as soon as possible” if information (in this case shares in issue) changes during the offer period.

“If the information included in an announcement made under this Rule changes during the offer period, a revised announcement must be made as soon as possible.”

As you were….

This has been a tough hold. I find it hard to understand why GSF is back to this SP level. At the weekend I went back over everything again. If the project(s) underway in the US is completed and energised, then cashflow generation will materially boosted. In the meantime the company has the cash reserves/flexibility to fund the dividend policy to which it has just recommitted. We’ve not seen anything to suggest that the US objectives won’t be hit.

I think we’ll look back on this period as golden opportunity.

It’s perfectly clear that this is all linked by “The Boy, The Mole, The Fox and The Horse” - an animated film released last year.

The Boy - played by Jude Nicoll, who’s from Edinburgh…!

The Mole - played by Tom Holland(er), related to Jade surely..?

The Fox - played by IDRIS ELBA…! Hiding in plain sight..?

But who is The Horse? Played by Gabriel Byrne in the film. If we can identify who The Horse is we’ll have cracked the code…

@Toffers - Michael Scott is the principal character in the US version of The Office. His boss in the series was played by none other than Idris Elba ;>