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TED Ted Baker Plc

109.80
0.00 (0.00%)
17 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ted Baker Plc LSE:TED London Ordinary Share GB0001048619 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 109.80 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
109.80 110.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 109.80 GBX

Ted Baker (TED) Latest News

Real-Time news about Ted Baker Plc (London Stock Exchange): 0 recent articles

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Ted Baker (TED) Top Chat Posts

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Posted at 08/4/2024 19:11 by powereddrones
Iconic British brand Ted Baker announces 15 stores to shut within just days after plunging into administration - is YOUR local on the list?
Posted at 19/3/2024 17:30 by powereddrones
hxxps://news.sky.com/story/hundreds-of-jobs-at-risk-as-ted-baker-calls-in-administrators-13097959

Hundreds of jobs at risk as Ted Baker calls in administrators

The fashion retailer has filed a notice of intention to appoint administrators weeks after a licensing partnership was abandoned, Sky News understands.

Hundreds of high street jobs are at risk after Ted Baker’s British operations veered to the brink of administration.

Sky News has learnt that No Ordinary Designer Label, which trades under the Ted Baker brand, filed a notice of intention to appoint Teneo Financial Advisory as administrators on Tuesday.

The move is expected to result in store closures and job losses, although the scale of both was unclear.

Although jobs are at risk, no redundancies would be announced on day one of the insolvency process, according to a source.

It comes roughly 18 months after Ted Baker delisted from the London stock market after being bought by ABG for about £210m.

A subsequent brand licensing partnership with AARC, a Dutch company, was recently abandoned amid a dispute between the parties.

Sources said Ted Baker would continue to trade during the insolvency process.

The retailer's torrid period began in 2019 when founder Ray Kelvin left amid claims of inappropriate behaviour towards female colleagues.
Posted at 01/10/2022 14:50 by koolcat1
That is what I was referring to. The takeover was approved by 98% of votes cast. Ted to be delisted this month and the payments distributed around 4th November.
Posted at 17/8/2022 09:59 by aringadingding
Niklol, the deal requires approval from 75% of shareholders. It says this in appendix 2 of recent rns. Approximately 50% of shareholders have already given it approval (they are listed in appendix 4 of rns). This means that a ballot of shareholders such as you and me will go ahead and half of the remaining 50% need to say yes to get to 75% total.

I think it's unusual for a deal that is recommended by the board to be rejected by shareholders but as others have said, this is a pretty terrible price for shareholders. I don't really understand why the board is recommending it.

So the outcomes are:

1) Deal is approved by shareholders and we all just get 110p per share
2) Deal is rejected by shareholders - share price can then go up or down
3) Another bidder comes in with a higher offer. I guess this would be required to be received before the board resolution that approves the result of a shareholder vote. So about a month from now I would guess.
4) Sell now.
Posted at 16/8/2022 19:06 by niklol
Please excuse my ignorance.
If this offer is accepted,or any other, is the share price then expected to drop or stay the same or go higher???
I have had no experience of a share being tajen over i just wish I had sold at 156.
Thank you
Posted at 31/5/2022 17:25 by aringadingding
The sky news article stated a rumoured/leaked price of 150p from ABG getting them into the preferred bidder stage. Share price seems to be discounting the likelihood of a deal being done. To me a 10p or 15p increase post preferred bidder stage does not seem impossible and 165p seems to me as likely as not that Tosca et al accept. I agree with others above that I think 150p is unlikely to be accepted. Does ABG want to lose the deal for the sake of 15p per share... I doubt it
Posted at 26/4/2022 09:36 by aringadingding
With the number of ideal interested parties involved, it seems there is a fair chance the best final bid comes in well above 150, and more like 175 or 200.

There were some nice positive comments in the Sky news article about how Ted Baker occupies a prominent place in British retailing, has a good store footprint etc., which did make me reflect what an ideal proposal this is for an investor. The brand simply does have authenticity, and survey results confirm appreciation of that. They are at a great price point where there is potentially a combination of volume of sales and profit margins to be had, if they get their designs right.

Another article here, which has a paywall but headline says bid has been submitted:

hxxps://wwd.com/business-news/mergers-acquisitions/abg-submits-bid-for-ted-baker-1235165568/

Seems the market thinks a bid will come it around say 160p and then be rejected. I think this is too pessimistic.

I also think the current management are quite suitable to deliver sustainable growth over the coming 5 years so would not be too disappointed if all bids failed.
Posted at 30/3/2022 15:09 by aringadingding
It doesn't really seem credible to me that the whole Sycamore approach could have been predicated on a price of 137p. Firstly the share price has not really been below that level very long or very much, if we looked at the average share price over the last couple of years. And secondly they were never going to be able to buy it at that price. So whatever work they have done to prepare a bid I believe must have been predicated on paying a price higher than 137p.

However, I think the possibly more important part of the analysis, at this stage, comes after all that, which is: Let's say they bid 160p... will Tosca, Schroders et al. accept that? I doubt it really. It seems possible that Sycamore bid 160, the sellers want 200, and they meet in the middle on 180. Also seems possible that a bid of 160 is tabled, rejected and the company just carries on as a public company.
Posted at 28/3/2022 07:08 by 3ootuk
"... 18 March 2022, Sycamore made a proposal (the "First Proposal") under which Sycamore would offer 130 pence for each Ted Baker share. Following the Ted Baker Board's rejection of the First Proposal, on 22 March 2022 Sycamore submitted a revised proposal (the "Second Proposal") under which Sycamore would offer 137.5 pence for each Ted Baker share, an increase of 5.8% on the First Proposal. The Board of Ted Baker has also rejected the Second Proposal..."

I cant see Sycamore massively upping the offer.
Tosca don't need to go hostile.
Posted at 12/5/2021 08:28 by onjohn
Questor: Superdry’s share price has been supercharged but we’ll hold our nerve. Keep buying

Questor share tip: it has tripled in eight months and rose by almost 30pc in one day last week. But the foundations are there for more gains

ByRichard Evans9 May 2021 • 5:00am
It never feels easy to tip a share days after the price has jumped by almost 30pc, as Superdry’s did on Thursday, especially if those same shares have also nearly tripled after an earlier tip less than a year ago.

But before we quickly advise readers to bank those profits while they can, let’s look back at what has changed at the company since our first look last September.

This is a company that is reinventing itself on so many fronts and with such speed that it’s hard to pinpoint a single reason for its shares’ strong recovery. Thursday’s 28pc jump came about after a trading update showed a return to year-on-year growth in the three months to April.

However, that impressive result, over a period that suffered far more days lost to lockdown than the previous year, didn’t occur by accident.

Much of it was down to a recovery in margins, or what Julian Dunkerton, the firm’s founder and, since April 2019, restored chief executive, called “our commitment to a full price stance” – less discounting. But you can only abandon discounts if your customers are prepared to pay full price and you can only do that if the products are good enough.

Mr Dunkerton has been breathing new life into those products in terms of their quality, style and targeting to different groups of customer. To understand what exactly he has been doing Questor spoke to Liad Meidar of Gatemore Capital Management, which recently increased its stake in Superdry to 6.3pc.

well received by the wholesale buyers we talk to as part of our research. They are enthusiastic about the brand’s return to its roots. It’s noticeable that the feel of its original design is back after it was taken down the wrong path by the people who ran the firm between Mr Dunkerton’s two periods in charge.

“There are subtleties in design and finish, such as the quality of the zips, the linings, the choices of colour. These things may sound small but buyers notice. Mr Dunkerton’s unique strength is in understanding his customers and what they want. That only comes about from long experience – it’s not a skill you can go out and buy.”

That same understanding is behind the company’s new segmentation of its products into four different age groups. “Again, he really understands these different groups; how they shop, what sort of retail experience they want,” Mr Meidar said.

Superdry has also done some canny marketing to appeal to its environmentally aware customers: it has enlisted Neymar, the Brazilian footballer some regard as the best in the world, as the face of its 100pc organic cotton collections.

Some of its resilient performance over the past year has been down to a renewed focus on online shopping, whose revenues grew by 33.8pc in the year to April even as overall sales fell by 21pc thanks to lockdowns.

“Mr Dunkerton wants the firm to be a brand, not a retail chain,” said Mr Meidar. “He’s not giving up on the high street – he’s more likely to add to the estate than shrink it – but he appreciates the need to offer multiple ways to reach customers.”

And the retail estate is becoming a more efficient way to sell as the firm renegotiates its leases: it struck new deals on a further 48, or about one in five, over the financial year and achieved an average saving of 52pc.

The final piece in the jigsaw is that Mr Dunkerton has his own team around him now thanks to the hiring of a new chief financial officer, chief operating officer and chairman.



Progress on so many fronts reassures us that the share price recovery is built on solid foundations. As we wrote in last year’s tip, Gatemore expected Superdry to generate £60m in annual free cash flow by 2022 against a market value at the time of just £113m – representing an astonishing bargain if achieved.

Mr Meidar stood by the £60m figure but said he expected it to be achieved a year later as a result of the extended lockdowns. “Yes the shares have done incredibly well over the past year but that only represents recovery from the pandemic,” he said.

The shares stood at 373p just before the sell-off in February last year and fell to 70p the following month. They are now back at 394p. “That means we haven’t seen any benefit yet from the actual turnaround in the business. This is a £7-plus stock in our view.” Keep buying.

Questor says: buy

Ticker: SDRY

Share price at close: 394p
Ted Baker share price data is direct from the London Stock Exchange

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