Superdry Share Discussion Threads

[fft] 28/5/2024 09:05

Depends whether they can get the same income from a different tenant. High street is really bad news at the moment, so a reduction in rent will be preferable to no rent.

[technowiz] 28/5/2024 08:31

you get nothing if creditors don't back the deal. and why should they. accept lower rental income. its no their fault this business is failing.

[ali47fish] 26/5/2024 14:35

so out of all the scenarios when are we likely to see the share price go up to sell at the best price whatever it might be

[typo56] 23/5/2024 07:18

You won't get that opportunity if Dunkerton gets the placing.

[harry_david] 23/5/2024 07:14

I am going to apply for shares as an existing shareholder

[typo56] 23/5/2024 06:23

My point was, anyone buying from yesterday won't be entitled to purchase any open offer shares at the "likely price", therefore if there's going to be an open offer shares should have traded at a significantly lower value yesterday than on Tuesday.

However, I guess the market view is any fund raising will be via a £10m placing with Mr Dunkerton, not via an open offer.

[harry_david] 22/5/2024 22:33

These are worth a go at the likely price, it is basically an investment in a startup.

[my retirement fund] 22/5/2024 19:34

The Open Offer would comprise the issue of 686,459,585 New Open Offer Shares at £0.01 each (the "Open Offer Issue Price") and be open to Qualifying Shareholders, whilst the Placing would comprise the issue of 200,000,000 New Placing Shares at £0.05 each (the "Placing Issue Price") exclusively to Mr. Dunkerton. The Open Offer Issue Price represents a discount of 87.5 per cent. to the Closing Price. The Placing Issue Price represents a discount of 37.5.

[typo56] 22/5/2024 10:04

In normal circumstances, if the market were factoring in the ex open offer it would be down about 75% today, not 11%?

It doesn't feel like the market expects an open offer. Or it doesn't expect investors will take it up (so has no value to them).

[terminator101] 22/5/2024 08:33

It's down 11%Seems the market knows huh.

[typo56] 22/5/2024 08:11

It's not a new low if you believe they'll be an open offer. If the market believed in the open offer it would surely be trading much lower this morning?

I think the expectation must be the £10m placing with JD - the possibility of an open offer may be there to satisfy regulations?

[typo56] 22/5/2024 07:09

Given that the share price hasn't tumbled this morning I assume either:-

The market expect funding will be through the JD placing, not an open offer

or

The market hasn't spotted the significance of trading ex open offer entitlement this morning. I calculate TERP to be about 1.76p

Have I read this wrong?

It seems very messy, going ex-entitlement to an open offer that may or may not happen.

[haggismchaggis] 21/5/2024 14:39

"Sources said that Mr Dunkerton's willingness to inject such a substantial chunk of his own fortune into the company reflected his confidence in the company's turnaround prospects.".I too am confident of a turnaround, on top of which I'm confident of a huge re-rating of the valuation by the then Auditor following the fundraise and delisting. I'm confident I won't lose money if I stay in. I know I would crystallise a loss if I sold today, and I'm confident that staying in is the right option to make a tidy profit out of keeping this company afloat.

[jaknife] 21/5/2024 10:20

FWIW there's nothing unusual in having a "Plan B", if anything it's essential.

The premise of the Restructuring Plan is that it will say "this plan is essential for the survival of the business, without it the business will be insolvent". Hence it follows logically that *IF* the plan is rejected then the business is insolvent - the directors have signed a document that says exactly that! Hence a Plan B is needed.

The perfect example is Interserve from Mar 2019:

Interserve goes into administration after rescue deal rejected


A particularly stroppy and aggressive US hedge was long of Interserve equity and pushed the banks/bondholders to the limit on negotiations. The banks/bondholders agreed to give shareholders £23m of value on a pre-money basis but the hedge fund pushed for more and voted down the deal, thinking that they were calling the lenders' bluff.

The result of the vote was announced via RNS at 12:33 on 15 March 2019:



[Click on "RNS" to find historic RNSs.]

90 minutes later the company was put into administration and by 6pm the entire business had been sold ...

"to a newly incorporated company to be controlled by the Group's lenders" [see the RNS timed at 17:56.]

Shareholders lost everything whilst the lenders ended up owning everything. And that's how a pre-pack administration works!

JakNife

[haggismchaggis] 21/5/2024 09:18

The probability is not increasing at all, those backing the restructuring are not changing their minds, all that's in that news item is details of a contingency plan that's been there all along, it doesn't change the chances of the restructuring being backed.

[haggismchaggis] 21/5/2024 09:16

"Sources said that Mr Dunkerton's willingness to inject such a substantial chunk of his own fortune into the company reflected his confidence in the company's turnaround prospects."

[typo56] 21/5/2024 09:07

"rejection of the restructuring plan would be followed by a four-week sale process for Superdry, with the likely outcome of a pre-pack administration deal."



The probability of ordinary shareholders receiving nothing is increasing by the day IMO.

[sandy133] 20/5/2024 07:24

Anyone know when the documents are posted?

[seedoftongo] 03/5/2024 20:23

It’s the 4 city chaps quaffing bubbly whilst mocking the useless losing investor - after taking his money .
A classic image .

You will never be one of those winners Nobba.

[nobbyknome1] 03/5/2024 16:28

How many times have you used that gif over the years Neon?Bad day in the office when a wholeyear fud spreading 24/7 has been wasted for nothing on boohoo. 100000's of hours spend spreading fud and you can't even get boohoo below 30p for more than a year now!What a life Loooool

[ukneonboy] 02/5/2024 11:09

Oi Jocko McSporran

Did Trinity Exploration also have DEBTS of £150+ Million, falling sales and unaffordable rents to contend with ??

hmmm........ thought not