RE: Dunkerton back in 201812 Mar 2024 18:43
Why are people panicking? You know the market makers play games. Why are the idiots here convoluting this forum when they are not invested? You know why. They are here to sow seeds of doubt for the brokers they are working on behalf of to get your shares from you. Every day there's signals for shortage of shares and they are being snapped up. That 100k share sell was snapped up in no time.
Nothing has changed. The bid situation remains in situ until notified otherwise. Dunkerton needed more time so he must have informed the TakeOver Panel why otherwise they would not have granted him an extension of time but would have told him to declare himself out. They have a duty also to protect shareholders.
In the meantime, the company is doing everything it can to shore itself up incase an attractive bid is not presented to them, so they are looking to borrow. The debt is minimal in the whole scheme of things, and they have the IP sales monies coming in. Who do you think would prefer to have the benefit of that money, Superdry Plc or Dunkerton as a private company? do you think SuperDry will bring in a profit next year? with the right people at the helm, and with a paring down of the business, I believe they will, and Dunkerton knows that.
To finish off, I was watching the end of the CF tonight, and then saw The Telegraph write up tonight on the fashions at CF including Jade, Julian and Idris, they were all featured.
If you take notice of the idiots on every forum who are there to prize your shares away from you for a purpose, then what did you buy your shares for in the first place? The market makers will play with the share price, they are no doubt in cahoots with the brokers, and there will almost certainly be plenty of hands ready to take them from you. The brokers will also be loading up and holding shares in readiness for possible news from Dunkerton and then if you sold, you'll be paying a lot more to get them back.
It is your decision, it's your money, but at the moment, Dunkerton has not declared he is out, and the Kellets still hold over 2 mill shares, and Salazar still has his million. Legal & General still hold a nice wedge, as do the recent Pensions Board that bought a million I think it was, and a whole host of other instis and funders as per MorningStar and other updaters.
As I say, it's your decision obviously, and your money, and although the drop isn't pretty, admittedly, I don't think, in my view, this has played out as yet.
dyor, your money, your investment decisions