Footasylum Share Discussion Threads

[dan1nat1] 20/2/2019 12:34

Lol...they got paid twice the market value, that's why they sold! Why would JD pay 75p a share if they thought it would collapse?

[ssrover] 20/2/2019 11:18

O/T HUGE news just out at PREM.. back into production soon... look where its fallen from.. fallen from 1p to 0.15p...

PREM Amazing news for a company that was on its knees. #PREM's assets have never been in doubt - Cash management and s board decisions have been the issue. For anyone who listened the podcast
💥This deal just RNS'd includes $6m
💥GR stepping down
💥£10m Circum incoming

[hootza616] 20/2/2019 11:17

So now we know where another 5% came from.Do FIL and Artemis know better than us? I think so.My honest opinion is that JD will now wait 6 months for this to collapse and be in a perfect position for hoovering up at sub 25p for a takeover.I can't see the business providing any positive trading news in the near future.GLA!

[tonybaloni] 20/2/2019 10:26

Artemis out - now 0 percent

[marbill73] 20/2/2019 09:47

Web next on my agenda, well worth a small punt rns due tomorrow folks.Have a read up.

[johnv] 20/2/2019 08:55

Correct, he is waiting for this to collapse and then pick up the other 70% for peanuts. Mike Ashley always buys companies at bargain prices.

[saint in exile] 20/2/2019 08:46

That is true but so could SD,its s premptive strike to block a move from them

[snoopy12] 20/2/2019 08:45

JD is acting a white knight to thwart any possible bid or competition. They may have known things happening in the background.

[spob] 20/2/2019 08:34

well my point is, if FOOT did get into trouble, JD would be paying much much less than 40p to buy from the administrators

[liam1om] 20/2/2019 08:30

spob - I think the point is they are trying to get as many share as possible before someone else, ie Mike Ashley steps in and starts buying. The difference in price between 63 or 40 is peanuts for a company the size of JD.

[spob] 20/2/2019 08:26

So JD have spent £12.39m for 18.74% of FOOT

Av price paid = 63.28p


This does not seem the best way to go about things to me.

They could just sit back. Wait for FOOT to screw up. And then buy the whole lot from the administrators for less than what they have paid already :)

[dan1nat1] 20/2/2019 07:17

To put it simply JD have approach at least 3 ii's and paid well over the market price for there current 18ish% stake, what does that tell you?

[dan1nat1] 20/2/2019 07:10

Hootza616, JD could at maximum have bought 6m of the 19.5m shares they bought on Monday off FIL.JD paid 50p, 70p and 75p on Monday, the share price before these were bought was around 30p, not sure how this can been seen as anything but great news for FOOT holders?

[cudmore] 20/2/2019 06:41

Remember small free float here and they are looking at buying up to 29.9% of the stock. Who is going to be buying the rest of the stock???? Bidding war coming here. If I had the funds i’d buy what I could onthe bell as this is just the beginning here. GLA

[barnetpeter] 20/2/2019 02:01

Yes indeed...check out Quiz for a similar story to Foot. Holding both myself.

[hootza616] 19/2/2019 23:36

Dan, if FIL had opened and declared a short on 18% of the stock where do you think the price would go?Agree you can read the news either way, but it's neither positive or negative at best.

[hootza616] 19/2/2019 23:30

So just to be clear just under 20m shares, over 18% of the company sold by previous investor FIL directly to JD Sport?No price is specified.You have to ask who got the best deal here, I suggest FIL is the professional investor, effectively shorting the stock by selling.I am sure JD will want to pick up the next 10% at a lower price.

[dan1nat1] 19/2/2019 23:16

£1m+ profit on a 3 month hold is not bad going! I think the real headline is JD buying not FIL selling.

[suhel255] 19/2/2019 19:20

I think should open around 60 in the morning

[babbler] 19/2/2019 16:34

Yup. But jd happily taking them at premium.

[pre] 19/2/2019 16:24

so FIL selling? rns out..looks like some switching funds to QUIZ?

[gripfit] 19/2/2019 16:22

If JD want 30% , they will get only sub 5 off FIL

[knowing] 19/2/2019 16:19

There you have the seller FIL