RE: Offer price?14 Feb 2021 09:11
I got to agree with mostly what had been said. Looking at the information we have I think 40’s is very realistic, 50’s not sure but maybe.
The only negatives I can see is the loss’s over the last few years and the fact Mike Ashley sold his shares for less than 20p. However this is already water under the bridge as the shares are now 25p ish and they have spiked to 31p maybe he just wanted out.
Positives.
Strong brand name.
Cornavirus has made it easy to mortally move online and close high street shops.
Brands currently being snapped up by asos and boohoo.
Farhi holding her 2mil shares.
From what I can see all directors still hold their share and they all purchased them for 35p and above, mostly in the 40’s (very positive sign IMO).
The chap from Newcastle (without going back I can’t remember his name) that bought Mike Ashley’s shares has sold a small proportion of them at 5-10p per share profit in less than a week and so far kept the remaining, that’s I think snow confidence in the in both ways. He made a profit on some but still remains in.
As long as there are no pension black holes I can only see positives.
Feedback welcome or correct me if I’m wrong....