I would be very surprised if this goes all the way ,after speaking to some of my legal chums this weekend they might try and settle at the very last moment, looking forward to next week!
I have been studying potential companies that would be interested in taking over Docs and without question VF Corporation is the number one contender as Docs would be an absolute perfect fit for them .
Their sales are down so makes perfect sense for them and they have the cash.
All quiet from the board so would not surprise me that discussions are on going.
The big question is what they would accept? My guess is around £2 .
Once the press picks up on this possibly over the weekend who knows potentially £3- £4 , I am pleased for any long term holders who have stuck with it .
With an election looming the pressure on NHS budgets must be enormous, they are obviously not willing to risk a large payout with huge court costs, this will hopefully come out over the weekend!!
Does anyone think they might have settled or being in the process of agreeing a settlement to save the legal costs which I imagine would be astronomical on both sides.
Unfortunately with these situations like the Wilko it’s more cost effective to let it go bust and clear all the debt and buy it back from the administrators. It’s very very unfair on all the shareholders but they will probably have some big liabilities on all the stores leases.
Carclo’s market in medical devices is projected to grow to over £700 billion which considering they have a valuation of £8 million makes for incredible potential.
If the settlement payment has put a big dent in their debt and their margins have improved the next results updates could be the start of a major upgrade!!