Member Info for Toffers

Take back the last bit, I forgot, we're in 2024! so the 20th anniversary was last year! I must remember it's 2024!!!!!

If you look, JD's wife's business has gone from strength to strength mainly because she courts the higher end clientele. That's what I think he will do if he takes it back and privatises superdry, I think he will pare it back and go for the higher end clientelle with the deeper pockets. His wife's business has the Princess of Wales amongst her clientele, as well as some other famous faces including Claudia Winkleman, so an upmarket style rebrand could be on the cards for superdry imo.

Also, it's the 20th anniversary of the brand this year, so a re-brand and re-launch would no doubt be a fantastic PR revitalisation.

Let's put it this way, with a possible offer may be heading our way, suspension is probably a given, so I wouldn't be shorting this right now imo.

Manifesto, shorters will get trapped here, Dunkerton isn't daft by any means, he knows how to play the game, I'm sure of that. Shorters hurt listed businesses, and I'm certain the shorters, what are left, will find themselves trapped in the not too distant future!

Superdry had revenue of 871 million in 2019. Like most businesses, covid probably affected sales as people couldn't travel to holiday/ski or go out much, and much of the brand is outdoor wear. It will recover, as those businesses that survived the pandemic downturn, are now beginning to do so finally, and I think Dunkerton knows full well it can easily be recovered albeit that it might need a bit of re-branding no doubt as buyers come and go. Data analytics is the magic gold dust for businesses these days, it's a huge revenue spinner. imo.

And if you haven't got a valentine, just splash out and get them for yourself :)

Hey guys, not sure whether I should say this, but I messaged Julian's wife last night, and asked if Julian could get the share price up please so we can buy more goodies with both brands, (hers and his) and I've just looked, and I've got a thumbs up from her, so I'm taking that as a positive sign :) don't forget, stuck for a valentines gift, get the rose oud candle from Holland Cooper and a lovely bouquet of red roses from good old M&S! :)

He1 has far too many shares in circulation which means the MMs will slam the doors shut on a large volume of sales so it carries too much risk imo as a positive rns will see many selling on news there. Don't think we'll have that problem here, most are positioning for a possible buy out and have considered the risk hopefully, all imo, dyor etc.

Drizzy has switched from blatant de-ramper to blatant ramper within the space of 48 hours! Says it all!

Rights if you hold more than 10% of the company's voting shares;

Block a squeeze out – shareholders holding 10% or less of the shares in the capital of the company can be forced to sell their shares on a takeover. Holding more than 10% gives the shareholder the right not to be bought out, subject to contrary provisions in the articles of association (Re Euro Accessories Ltd [2021] EWHC 47 (Ch)) (s.979)

Rights if you hold more than 25% of the company's voting shares;

Block a special resolution – such as to change a company’s articles (s.283); and

Block a scheme of arrangement (typically used to restructure a company’s finances, often due to impending insolvency) (s.899).

source: stephens-scown.co.uk

JD holds 26% at the last notification.

"Shares in the fashion retailer Superdry have surged by almost 80% this morning amid takeover speculation after a new investor began building a stake in the company.

Superdry shares have hit their highest level since 18 December last year, at 38.7p.

The rally comes after First Seagull, the Norwegian-based alternative investment fund, bought a 5.3% stake in Superdry, a regulatory filing this week showed.

The Times reports that takeover talk surrounding Superdry is growing even louder, saying:

It is understood that First Seagull considers Superdry to be ripe for a bid after a series of profit warnings over the past year drove down its share price. Sycamore Partners, an American private equity company, and Authentic Brands Group, which owns Ted Baker and Forever 21, are said to have Superdry on their radars.

One source told the Times:

It’s just a matter of time before there’s an offer.

Last month, Superdry lost its fourth finance boss in five years after its losses widened."

Things have changed for Dunkerton in late 2022, he originally had 2 daughters and a step daughter from recollection, but late 2022, his wife gave birth to a son, and I think this is why JD now has renewed interest/optimism about trying to keep a hold of Superdry. It's the old ancestral background thing of passing it on! Just my musings, but wouldn't you want to do the same?

Coxon, it's a bit controversial, as it's now stated that JD has met with the parties I mentioned last night from the sky news article yesterday evening.

As I've just mused, I think JD's been caught out, and originally planned to finance at half the price himself, and wait until the May date had passed to make his final 4% purchase at a much lower price, and therefore offer less, but that's now gone by the board I think, and he's decided to not risk all of his own capital, paying possibly twice over what he originally intended, and is therefore seeking finance to assist, so he doesn't carry all of the risk alone. Just my thoughts

Should of course add do your own research, and my musings are not to be taken as financial advice of any nature.

I would be interested to hear views from any accountants on their perspectives.

Atisha, I buy stuff now and again from Jade and her business, Holland Cooper. She's doing well. Dunkerton loaned her capital to get her business up and running from his Onion Group, which has now been repaid.

If peeps are invested here, buy a few items from Superdry and Holland Cooper to help out! or in our case, to help buy out!

GLA.

Dunkerton paid 79p per share for his last batch.

The interesting factor in my book is that he has until 1 March to indicate his position. He can extend that with the consent of the takeover panel, therefore will he try to stretch this over that May date so that his last 4% will after that date in May and he will therefore offer far less, or has he been caught out with the leak, and will now have to declare his hand and pay far more. I think this is what has happened. I think he thought he could finance it himself given time to get over that early May deadline of 0.79p. He would then finance the purchase himself by buying his final 4% after this at a much lower price, but it's gone pear shaped, and so he's now trying to seek finance as he's facing paying twice as much.

4% isn't much, so he's now sat on a huge dilemma in my view, and the risk is that Authentic Brands and others are circling.

I'm therefore expecting that Dunkerton will have to change his plans dramatically and a formal offer could be forthcoming quite quickly. It shouldn't be discounted though that it may all go pear shaped, and this goes in to a voluntary arrangement, but if hedging, I would take the risk imo.

I'm still holding long and strong, and over 100% up now.

GLA.

Anyone any clue why JD set this up last year? tax vehicle? any ideas?

SUPERDRY EUR FINANCE LTD (14881084)

"Jamie founded his accountancy practice, Constable James, in 1990. He then created RJP in 1996 following the merger of Constable James and a London-based practice. A Chartered Certified Accountant with expertise in corporate finance, Jamie deals with all aspects of business growth and development, from strategic planning to turnaround finance. In addition to his work with RJP, Jamie also runs a successful Private Equity firm RCapital (www.rcapital.co.uk) which specialises in both growth and turnaround investments."

source: rjp website regarding Jamie Constable of rcapital

Https://rcapital.co.uk/

Https://www.forbes.com/sites/markfaithfull/2024/02/02/superdry-stock-soars-as-rumors-of-bid-fuel-ailing-apparel-retailer/