Ted Baker Share Discussion Threads

[niklol] 05/10/2022 09:10

Sorry just ignore my question! You told me already! Thanks.

[niklol] 05/10/2022 08:53

Extremely low.
Where did you get the info from please?

[koolcat1] 04/10/2022 22:21

Surprising yes, only 27 shareholders voted against the takeover.

[niklol] 01/10/2022 15:55

I'm shocked that it was such a high percentage in favour

[niklol] 01/10/2022 15:48

Really! So sorry, I didn't think we would know the outcome so soon.
Thanks for the info.

[koolcat1] 01/10/2022 14:50

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.

[niklol] 01/10/2022 12:39

I meant the shareholders vote 29th September.

[koolcat1] 30/9/2022 14:48

The announcement is there on RNS and on Ted Baker's investor website. 98% in favour (in number of votes).

[niklol] 29/9/2022 20:31

I wonder when we shall know the results of todays voting?

[kibes] 28/9/2022 11:48

Burberry is up a lot today. The market for luxury goods seems to be going strong.

[blackhorse23] 14/9/2022 23:28

https://www.google.com/amp/s/capital.com/amp/cury-currys-share-price-double

[toffeeman] 14/9/2022 09:22

Me too but it won't make a difference - this is a done deal (unfortunately)

[buoycat] 14/9/2022 09:11

I have placed my vote... against. £200 million for a strong international brand with recovery potential seems much too low in my view

[aringadingding] 09/9/2022 18:22

niklol, not sure. I guess if 50% of remaining shareholders rejected it there could be a new management team brought in as a consequence of that, which could be a good thing. Aside from that investors must be wondering why other major investors have approved it, and they don't know.

[niklol] 05/9/2022 19:42

Nothing is over until the fat lady sings!

[niklol] 05/9/2022 19:39

Many thanks.
Do you reckon this takeover will go ahead?

[aringadingding] 05/9/2022 12:20

Niklol, shareholder vote is on 29th September.

If you read this, I suspect this is quite an insightful analysis of where the company presently is, and what it needs to do going forwards:

hxxps://www.thedrum.com/news/2022/08/18/it-s-drab-and-half-hearted-why-ted-baker-needs-marketing-overhaul-survive

In essence, it needs to keep the good points about it's brand heritage but make it relevant to the modern market somehow, and also go back to basics in terms of its offering (as per McDonalds, Tesco etc.).

The question before us, really, is whether that is a difficult challenge or not. It is probably easier as a private company, sure, but whether it is difficult or not is a separate question. For me, I can't really see that it is very difficult. This is why what the Chair and CEO have delivered is pretty embarrassing for them.

Unless there is a lot more to the picture than we can perceive from the outside, I suspect this is an embarrassment that will live with them for a long time. The new private owners are buying 1) a platform and 2) brand heritage. They can then just spend as much as they like to get all the systems really humming, refresh the brand (as per above) and then just start selling stuff internationally. As a brand with heritage it just has so much potential.

Maybe Tosca are keen to sell out as they don't fancy another fundraise and see that as a risk. New owners see it as an opportunity I'm sure.

[niklol] 02/9/2022 11:01

Are we still getting a chance to vote?
If so anyone know when.
Ted Baker update today stores revenue up 20%

[qsmeily456] 20/8/2022 17:59

I don't really understand why the board is recommending it.

Because the deal they've agreed for them is better so they reject a much higher 1 because it shafts the BOD 🤣

YOU LOT need to reject this 1....trading is bad 🤣🤣🤣🤣

[qsmeily456] 17/8/2022 17:33

Oh dealy you've been rogered again 🤣🤣🤣

[niklol] 17/8/2022 11:05

Many thanks for responses to my post.
I personally will wait in hope! I am in profit by about £30 so worth taking a chance I feel!!!
Best of luck to us all

[aringadingding] 17/8/2022 09:59

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.

[neo26] 16/8/2022 23:49

So lesser offer.. lol

[blackhorse23] 16/8/2022 23:46

CURY (LSE) one of Best Buy stocks in Europe https://www.gurufocus.com/news/1849001/currys-plc-a-diamond-in-the-rough