Dr. Martens Share Discussion Threads

[gregpeck7] 29/7/2023 15:41

https://news.sky.com/story/amp/activist-fund-sparta-builds-stake-in-dr-martens-after-share-price-slump-12929833

[jubberjim] 29/7/2023 07:21

Boots off back under the bed

Took my 25 percent put it away in the sock drawer

will rest a while now

going back to financials cracking dividends on offer there

Might be back ?

Good luck

[mozy123] 28/7/2023 10:09

The constant buying of the share buy back program helping. Most companies buy stock at highs. At least docs are buying a depressed price.

[michelle74] 27/7/2023 12:11

This is looking bit better now

[velocytongo] 25/7/2023 12:13

We'd been buying on the way down and piled in behind the CEO. That was a meaningful purchase!

[castleford tiger] 21/7/2023 14:59

think my £1 is a pipe dream now ……its turned.

[death by donut] 17/7/2023 12:10

CEO bought 400k shares.DbD

[dealy] 14/7/2023 08:16

that's because it doesn't say anything

[death by donut] 12/7/2023 20:25

Artemis taken 5% by the look of it?DbD

[ny boy] 10/7/2023 07:59

I said on Jun 1 there was no compelling reason to buy these or other equities, the share price was at 140p then, the chart doesn’t lie.

[mozy123] 07/7/2023 10:29

1.5mil shares for this sh*t performance. Wonderful.

[jubberjim] 06/7/2023 20:34

Do Dr Martens make a hesus bovver boot ?

[jubberjim] 06/7/2023 09:23

"Boots on upside ahead"

Specially for Discodave

[pugugly] 26/6/2023 21:51

Still grossly over valued (imo) for a maker of boots - Fashion appears to be changing or with pressure on domestic budgets potential purchasers trading down.

[castleford tiger] 26/6/2023 11:22

117 and still going south.
My 100 p may well be coming.
Then it wants a serious investigation to see if this recover or has the tide turned.
Interesting times

[arja] 26/6/2023 08:15

yes , now a SOR situation but moves to slowly to make it a good short using a CFD with dam financing charges . I very rare;y short anyway but muts change my ideas in this bearish market overall :)

[castleford tiger] 23/6/2023 18:04

today certainly is!
tiger

[castleford tiger] 22/6/2023 10:03

I think today is a new low?

tiger

[essentialinvestor] 09/6/2023 15:45

Yes, to clarify not saying they would be the sole seller, that would not happen,
however IF they choose to sell might possibly unload another say 15 GBP million
worth. This is all highly speculative as I have no insight in to their intentions.


When I first saw calls of near 1 pound a share here considered that way too low,
but tbf at the time strong future growth was forecast.

[castleford tiger] 09/6/2023 15:35

EI yes they can be cancelled

I also think VT is correct they would need a tender offer to buy shares..........to buy from a single holder would not be allowed

tiger

[disc0dave45] 09/6/2023 14:09

Thanks EI and VT for info, possibly that's why BB news was a damp squib.

[essentialinvestor] 09/6/2023 12:36

* made that point previously, I detailed their approx cumulative amount from listing onwards - plus the divi payments add further.

[velocytongo] 09/6/2023 09:46

Even at current levels, Permira is so in the money having paid £300m for the business. Moreover, they will probably have used some debt and so the return on equity investment is probably greater.

If the buyback is done as an open market purchase (and it's completed at market prices and there are rules around this), there will be nothing to stop Permira from participating as this can be the usual way for a large shareholder to exit. Indeed this is often the route out for activist shareholders.

If it's a formal tender then it's different but formal tenders are normally conducted when the repurchase is for a significant amount of the shares in issue, which is not the case here. I think tender offers when the company wants to buy back 15% of the shares. Most companies get the authority at the AGM to repurchase 10-15%.

[essentialinvestor] 09/6/2023 08:26

Tiger, shares bought back do not necessarily go in to treasury, they can be cancelled.

[arja] 09/6/2023 08:16

chartwise , it looks really bad and a SOR situation . So more downside looks likely sadly