French Connection Share Discussion Threads

[thesageofsaint] 08/2/2021 08:39

Assuming they paid MA his holding value of @40p, if they pull out now their £10m will evaporate at the landing of the RNS back to where we were this time last week. So £10m to £2.5M if they bought the shares on a whim. Ain't gunna happen folks! Someone is very full in.

[csmwssk12hu] 08/2/2021 08:27

Why would you be trying to buy and sell this for a few percent, 40 or 50 could land any minute hour or day imho dyor

[csmwssk12hu] 08/2/2021 08:24

This is crazy man, there is so blatantly a bid coming and it’s been day traded for a few percent imho dyor

[csmwssk12hu] 08/2/2021 08:17

Wait till this gets on the leaderboard again and people see what’s happening here

[csmwssk12hu] 08/2/2021 08:15

Auction again, mms collecting what they can , the fact they have been buying at 32 so early on in day says to me they have been given a price to buy upto and it’s a lot higher than here, really believe will get to 40’s shortly imho dyor

[csmwssk12hu] 08/2/2021 08:12

40’s here we come imho dyor

[csmwssk12hu] 08/2/2021 08:01

Auction five minute delay, will open a lot higher after that news, if it doesn’t it will get there swiftly I think gla imho dyor

[csmwssk12hu] 08/2/2021 07:54

Correct the sage, whatever he got the bidder will have to pay us as a minimum, if the bid for 41.4p refused was not enough then surely the final bid is above this or one would think, he could have accepted a minimum price along with a higher price if the final bid was higher, this has possibly foot asylum all over it, look at that one, big holders sold out in 30’s 50’s then bid was 81! All imho dyor

[mally6] 08/2/2021 07:52

Has he sold to one of the bidders seems interesting no way he wouldnt have known a bid was coming

[thesageofsaint] 08/2/2021 07:50

You all misunderstand. MA did not sell on the open market at quoted prices. He was approached and was aware they were being stalked by interested parties. He clearly had no interest in being included as strategically he has moved on from FC ever being part of his stable. If you think he sold for 15p you are very naive. This is definitely in play. He had no need to wait until a formal offer was made and accepted, he got his money last week. The question is do we sell to the market or wait until the offer is established.

[letmepass] 08/2/2021 07:41

Interesting day ahead

[csmwssk12hu] 08/2/2021 07:36

He could have sold out for the bid price pre announcement, that means someone is very very interested and definitely committed now, he may have sold out to one of the bidders as he was happy to just get his money back I’m sure I worked out his first lot were 36p and someone else had worked out his average was in the mid 40’s, if that’s the case and he’s took mid 40’s, and let’s not forget foot asylum, the main holders sold out to JD at mid thirties then 58 or 59 then the bid was 81! He may have also sold with a promise to get any increase in bid price within a certain amount of time.

[babbler] 08/2/2021 07:27

Day before the announcement...got to have hurt. Unless he got a good price...

[babbler] 08/2/2021 07:26

Exactly. But that's one hell of a painful hit

[freemo7] 08/2/2021 07:26

Question is, who’s bought um!?

[18bt] 08/2/2021 07:26

Looks like Mike Ashley has sold, but to whom?

[babbler] 08/2/2021 07:24

Yup. Pre announcement. Doh!

[frenchfry] 08/2/2021 07:24

Am I reading this rns right - Ashley sold out?

[babbler] 08/2/2021 07:24

There was no rejected bid.

[babbler] 08/2/2021 07:24

There's a shock. Frasers group sold pre announcement. Very strange... And gutting for them. Lol

[csmwssk12hu] 08/2/2021 00:19

Remember the rejected bid last year was 41.4p so it’s got to be more than that surely or they wouldn’t entertain talks imho dyor

[csmwssk12hu] 08/2/2021 00:18

If miss selfridge topshop and topman went for £300m these have to be worth somewhere near one of those, personally think it’s worth more but don’t think we will get that much imho dyor

[csmwssk12hu] 08/2/2021 00:00

We need to think of it as a brand not as a clothing retailer imho dyor

[csmwssk12hu] 08/2/2021 00:00

Personally think this will go for between 40p and 50p, forget the clothing business they want the brand, say they let DFS use it for £3m a year, Asos for clothes and boots £5m a year, Alcohol business selling wine £10m a year you have £18m a year with no costs, that’s £180m at 10 x pe so if you can get that for £50m ish that’s a bargain