Member Info for Toffers

That's what I think, and I think this was the last piece of the buying jigsaw, and he's allowed L&G to declare it, I hope, as a nod! I was praying for a sign this afternoon, I nearly wrote a line on here to say I'm waiting for a sign, and then scrubbed it!

Sportbilly he's probably been buying all week, this is probably the last buy and that's why they've put his name on it as a nod! my views.

He can;t go against that £1.11, pretty sure of that, if announced before Feb 17th, it's his highest buy in price in the last 12 months and surely that would stand.

I've just bought a few more! I think they've let the cat out of the bag!

Have they just let the cat out of the bag that it's definitely on?

Just in for Legal & General, what's this on it?

"(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

If it is a cash offer or possible cash offer, state "N/A"

Yes - Julian Dunkerton"

On 29 January, just to reiterate;

"Sky News reported that Superdry is working with advisers from accountancy firm PricewaterhouseCoopers (PwC) on implementing a restructuring plan or CVA, likely to result in store closures and rent cuts.

Superdry founder and CEO Julian Dunkerton has previously said that Superdry will return to profit under his leadership without implementing a CVA."

Anxiety is running high, I'm hoping JD will be a saint and fire out an offer before Feb 17th and catch the shorters on the hop as I imagine they are working on the basis of a decision after Feb 16th! Let's do this :)

And will wait for the decision. Nothing else to be said in reality.

Just look at how many shres you're shorting on trying to 10% on StarBright, I knew your handle name rang a bell! Posting history is there. Filtered.

StarBright, read it again. I've taken excerpts from Burgess Salmon, and from the City Code. You telling me they are both wrong? I think I trust them more than I trust you, but you carry on.

If JD doesn't increase his stake to 30%, then he alone is not going to take the company private as he won't have a controlling interest.

"Minimum level of consideration: If a bidder acquires an interest in shares in the target company (i) within a three month period before the commencement of the offer period or (ii) between the commencement of the offer period and the announcement by the bidder of a firm intention to make an offer, then except with the consent of the Panel, any offer by that bidder to shareholders of the same class must not be on less favourable terms.

Further, if, after the announcement of a firm intention to make an offer by the bidder but before the offer closes for acceptance, the bidder acquires any interest in shares above the offer price, the bidder is required to increase its offer to not less than the highest price paid for the interest in shares acquired in this way."

source: BurgessSalmon

Just to add coxon, I wish you the very very best, totally understand, and will miss you here :) Wishing you the very best.

StarBright, the City Code applies;

"Requirement for a mandatory offer: Where a bidder is interested in shares carrying 30% or more of the target’s voting share rights, the bidder must make a mandatory offer in cash at no less than the highest price paid during the preceding 12 months (often referred to as a "Rule 9 offer"). Mandatory offers can only be conditional on the bidder receiving acceptances that, together with any shares already held or acquired during the offer, would give the bidder and its concert parties more than 50% of the voting rights. As such, bidders cannot rely on other conditions to protect themselves."

Coxon, they only took 5% from recollection, that's peanuts, and we've not had indication that they've added any more. I do understand though, I've lost hundreds of thousands over the years, but I've also had the chance to take a few million, which I regret I didn't do, so totally understand that. The only thing I would say in Dunkerton's defence is that this isn't some fly by night operation with nothing to sell, quite the contrary, it's just it's got stuck slightly in a time warp imo, and also, like most clothing retailers, they got badly hit by the pandemic and people working from home. I imagine if working from home, most now don't bother to own a wardrobe full of suits, countless shirts, x number of coats and so on. The dynamic has changed, and I imagine clothing retailers now need to concentrate on cosy outfits for home workers but still retain a more upmarket selection of attire for those who still like to wear good quality clothing.

As I posted yesterday, effectively, Moncler have had to re-brand, and also collaborate, and they appear to have done it quite successfully. I'm sure Dunkerton wants to do something similar and I don't think he is without vision otherwise why did he bother to even come back in to the company? my views.

If you believe in the signals, there's an 800 gone through a little while ago, which would signal increase in trading volume likely. So far the signals seem to have pretty spot on from the monitoring that I've done this week.

There's a group working this at the moment to get it down, ask yourselves why and who they might be attempting this for? they are either shorters, working on behalf of a certain shorting organisation, or 10% traders who are in and out of this until we finally know the outcome. Some of these handles are possibly even the same person posting!

Been out, just back and caught up. Why have you bail xoxon, I can't see anything wrong with the First Seagull site?

"Searching for investments where it’s safe and wise to non-diversify" - strap line from their website.

I do think JD will make an offer, he wants to take this private again.

I do think it will come in after 16 February has passed so that we fall to the next 12 month buy in price.

I do think an offer will be in the region of £1 per share, and more if a counter bid comes in from a third party source.

I don't think a CVA will occur, that will be like signing a company and CEO death warrant. 20+ years of establishing and making the brand and you sign your own death warrant? That wouldn't make sense to me.

If there was no revenue and no cash coming in from any source, it would be different, but the interim accounts state otherwise and the company has a valuation which is much higher than the present mcap.

There's risk in everything, there's risk in setting outside your front door, you cannot avoid risk, but you can attempt to calculate the odds, and my own view is that my pros on my list of pros and cons outweight the cons considerably, but its your risk, your money, and your decision and yours alone. my views.

Very fair point about credit lines there SavvyInvestor, as well as reputation, brand tarnishing etc, which I've also commented on.