French Connection Share Discussion Threads

[csmwssk12hu] 05/2/2021 10:28

Stansmith3 to me bang on 7am this morning
Really should have waited to read the rns

‘says the guy who made 50 posts on pmo board ruining it yesterday

lets see how many useless posts you make on this board today’

[computercoders] 05/2/2021 10:23

Would be nice to get another RNS with another bid. Bidding war might happen here.

[csmwssk12hu] 05/2/2021 10:21

You can find them in your monitor by putting ticker symbol in then I have just kept a page on refresh for news

[babbler] 05/2/2021 10:18

Got a link?

[csmwssk12hu] 05/2/2021 10:05

Well done to those who have bought in this week, hope I helped some of you realise what was happening here, especially from the PMO board who have had a rough twelve months, it’s about to get exciting there soon, well done nico and gleach who have been here a while with me, hope those who paid higher than this over a year ago had the means and opportunity to average down and wipe your face, it’s been pretty lonely on here but it’s paid off now, it doesn’t happen very often, I’m still in here, hopefully one more jump into the 40’s,
GEMD PMO next two for me to concentrate on well done everyone!

[csmwssk12hu] 05/2/2021 09:52

Keeping an eye on Frasers, they are going to have to come out and declare position and you that they are going to say they are interested aswell imho dyor

[csmwssk12hu] 05/2/2021 09:35

They are not going to let this go for less than last years bid imho dyor, they have made it through covid, business is doing well , it’s got to be 41 minimum and they have got two big companies after it that we know of, sports direct and ASOS have to get involved and at least take a look imho dyor

[csmwssk12hu] 05/2/2021 09:32

Hold on she’s about to go up again imho dyor

[csmwssk12hu] 05/2/2021 09:27

One company established over twenty years with sales over $1.5bn, the other is a fund set up six months ago to buy high street brands with initial fund raise of £500m, they can both easily afford this

[niggle] 05/2/2021 09:23

Just sold 20000 just over 26p. Bought at 5p.

Have a good weekend everyone!

[csmwssk12hu] 05/2/2021 09:15

Going to be a bidding war I think, sports direct will want this aswell, now it’s in play ASOS certainly will be interested as they sell a lot of fccn products it’s a shame it’s Friday! Imho dyor

[csmwssk12hu] 05/2/2021 09:12

Well done nico I’m so happy for you

[nico115] 05/2/2021 09:11

Sold 25k at 27.5Thx for your confidence here Stopped me selling cheaply

[csmwssk12hu] 05/2/2021 09:04

They rejected 41p last year but times have changed, personally think it will be in the 40-50p range imho dyor

[richardp19] 05/2/2021 09:02

I managed to get at 21p excellent prospects here looks like 30p coming before lunch

[thesageofsaint] 05/2/2021 09:01

The price movement suggests that there is real potential here. At 40p the valuation is less than £40m and with global sales @£110m, judicious management and a real entrepreneurial leadership to redefine the brand you could see FC with both significantly growing revenues and healthy ebitda. The world is changing and the new way forward for the retail sector seems to be global brand amalgamation and new channel exploration supported by the world's social media. A bit of a stretch for a 75 year old mr Marks but all very exciting for a modern versatile and well led business. I think it will sell. I sold a quarter of my holding yesterday, thinking it was just some positive volume to sell into. My 250000 are essentially now at zero cost so will hold and see.

[babbler] 05/2/2021 08:46

Which going by that article fits withing the lower range of the potential Takeover prices they intend.

[thesageofsaint] 05/2/2021 08:27

We need to remember that 70% of the equity is owned by two parties; founder Stephen Marks and Sports Direct. Unlike some composite low equity holding board led sales, this has the founder at the helm who is pricing his work of 50 years and Mike Ashley who is making a thumping loss at any price lower that 40p. So very little stock available to build a stake with for a hostile approach. Neither party if really interested will be building a stake and will only need to convince these two individuals to sell and it will be done. Conversely, if these two are unwilling to part at a price they believe undervalues, then no deal to be done. The share price movement is ultimately trading and betting on this outcome. A sale if it is to be done will likely be @40p in my opinion.

[velvetide] 05/2/2021 07:57

We'd likely reach 60p by year end without a bid. Extraordinarily low trading price again manufactured by institutions and MMs.

[gleach23] 05/2/2021 07:21

Today's announcement, whilst most welcome, is hardly a surprise.

Always a bit smelly when the company has to come out and explain why the share price has already moved!

[freemo7] 05/2/2021 07:16

After a quick search:

Spotlight Brands: Investment firm, Launched Aug 2020 with $500 million. Expected to back 10 to 20 companies with deals ranging from 50mill to 100mill.

[freemo7] 05/2/2021 07:09

Hopefully additional players get involved and start a bidding war

[awise355] 05/2/2021 07:05

Take over approaches

[stansmith3] 05/2/2021 07:00

says the guy who made 50 posts on pmo board ruining it yesterdaylets see how many useless posts you make on this board today