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On BBC r4 this morning the ceo was asked about takeover talk and he was so avoidant in his response it made me think something must be close to happening - wishful thinking perhaps!
Great numbers out today and talk of a take over- why the sp is not north of 60p is beyond me.
The company think that the answer to current problems is to sell more product so that the US facilities are fully utilised. Growth driven by the marketing ceo. Predators will see cost cuts as the answer and hopefully they will bid.
RNS looks good to me - hope the market agrees,
N1, there is only one person who sees value in this 90s brand and that is JD - so who would buy and take on all the liabilities? In any event it seems Hilco are in charge and over the next 5 years will disappear altogether - gone for a Burton.lol.
One of the issues in the RNS is the over investment in america - warehouse , which means there will be huge efficiencies if the company becomes part of a larger group. Furthermore I am not sure that the all the standalone shops they have are an efficient use of capital and the departure of the CEO is an admission that he has seriously messed up imv.