French Connection Share Discussion Threads

[daagolme2020] 22/5/2020 13:11

This announcement will be made


hxxps://www.chroniclelive.co.uk/sport/football/football-news/newcastle-united-takeover-news-live-18292740


Followed by a buy out of French Connection Group by a Mr Mike Ashley

The only question is what share price will he have to pay?

[daagolme2020] 22/5/2020 10:41

Zero trades so far today, the ask price is holding steady.

I get the feeling something is brewing.

[smicker] 19/5/2020 12:52

Market cap here £5.4m. Last years profit in wholesale?

"The decline in overall wholesale sales and a softer margin resulted in a profitability decrease in underlying profit for the year to £13.2m (2019: £15.2m). Excluding the impact of IFRS 16, adjusted underlying wholesale profit was £11.7m (£15.2m)."

[irishlass2] 19/5/2020 10:44

If they have turned down a bid of 41p, then FCCN must think they are worth a lot more.

[daagolme2020] 19/5/2020 10:00

I did some topping up at 4.30

There is big news coming, this is why the AGM is being delayed as they want to make the announcement then.

Hopefully they will confirm soon a date for the AGM.

[smicker] 19/5/2020 09:56

Some good buying since the statement.

I assume that since they have no debt, that will be how they raise finance rather than an equity issue?

[daagolme2020] 19/5/2020 09:51

The initial share price drop was panic selling from the headline readers.

If you read the full announcement it clearly states

"French Connection said its online sales in the UK and the United States were up 44% over the last 6 weeks and it has started to see a small increase in activity in Europe as countries begin to open up".

Not too sad.

[buywell3] 19/5/2020 08:46

buywell calls these waterfall charts

Never did like them

Water tend to flow downwards

[ny boy] 19/5/2020 08:26

So they only got enough cash to survive a few months without funding, not an investment here imo

[franki8] 18/5/2020 11:53

hxxps://www.retailgazette.co.uk/blog/2020/05/french-connection-turns-down-bid-from-all-saints-ceo/

French Connection rejected a bid from former All Saints and USC chief executive Stephen Craig in partnership with two private equity firms back in January.

The bid was initially placed on December 19 to acquire the shares in French Connection at 41.4p per share – a premium of 18 per cent on the share bid price at the time.

Despite this, French Connection made the decision not to recommend the offer to the shareholders at a board meeting in January.

The announcement of the rejection has to date been restricted under a non-disclosure agreement.

lol

[daagolme2020] 14/5/2020 10:13

This link has the 2020 AGM s being on 20/05/2020

hxxps://www.marketscreener.com/FRENCH-CONNECTION-GROUP-P-4004445/calendar/440


The French Connection Website still displays the AGM as TBC

hxxps://www.frenchconnection.com/content/investor-relations/financial-calendar.htm


Does anyone know if the date has been confirmed?

[rumobejo] 14/5/2020 08:59

he always keen on a French Connection ;)

[oilrich1] 14/5/2020 08:56

analysts said that – Ashley was more likely to funnel funds into French Connection
The Evening Standard

[rumobejo] 11/5/2020 10:47

do we expect Mike Ashley to attend the AGM conf call?

- Hi there
* Hi Mike
- Glad to see you join the call Mike
* Sure, am still interested to buy out my French Connection
- Sure Mike, what's your offer
* 10p per share
- deal Mike, let's shake hands

:)

[daagolme2020] 11/5/2020 09:07

With the AGM coming up on 20/05/2020.

What is everyone expectations, are we going to hear some good news?

[ny boy] 06/5/2020 10:27

FC was great decades ago, so not an investment now imo, even though they alook cheap but I like Stephen Marks, he and the late Joseph, were proper retail entrepreneurs, certainly Marks lived a playboy lifestyle, liked the younger Ladies, I’m sure he met his last wife at a party at Josephs sumptuous villa at Cap Ferrat ..that divorce cost him £30M 😂

If Marks starts a new venture I could be tempted to invest, still after his house in Knightsbridge, he definitely got style and taste for the finer things.

I will stick with ASOS, it’s the future, unless landlords undergo a complete reset lower on rents, the high street died t make sense for retailers until that happens.

[rumobejo] 05/5/2020 09:12

so boring still, mm's don't have balls to play yet neither they control the book

[rumobejo] 01/5/2020 12:23

market makers needs to get a grip here, like the one in MTC

MTC bid 4.09p ask 4.10p yet they won't allow any beans to slip :D

[rumobejo] 01/5/2020 12:13

btw, the NMS is 15,000 so easy for DMA's to play the spread with it :(

[orange1] 01/5/2020 10:16

What are you worried about? 10p Monday morning you said.