Unbound Share Discussion Threads

[apfindley] 28/7/2022 06:24

So they're about to dilute with an extra 29million or 66% of shares to try and fund this dangerous expansion plan at a time when the cost of living is rising and people are spending much less on non-essential items.Seems like wrong strategy and definately wrong time to be considering this.

[topvest] 22/7/2022 09:29

"Overall, Hotter Shoes continues to trade in line with the Board's expectations for the current year ending 5 February 2023.

Overall Group net debt was £9.7 million at 30 June 2022, comprising £10.1 million of net debt within Hotter and £0.4 million of cash held by the Company. Furthermore, the Directors note that current consensus market expectations do not reflect any income or expenses associated with the Group's growth plans for the wider Unbound platform or other Group costs such as for the head office. The Directors estimate that these other Group costs will be approximately £2 million in FY23."

So they forgot to include c£2m costs in the consensus. How many PLCs forget to include their head-office costs. You couldn't make it up!

[tomboyb] 22/7/2022 07:48

Placing at 15p, can buy well below 13p -

[tomboyb] 22/7/2022 07:33

Trade it -

[apfindley] 22/7/2022 07:28

Can't help but wonder if this is heading into the abyss.

[babbler] 22/7/2022 07:21

Wow. Some. discount placing. Now below it too.

[battlebus2] 21/7/2022 18:47

Yes also former holding. Terrible 😣

[topvest] 21/7/2022 18:29

What a ridiculous fundraise. Luckily I no longer hold. Electra really did mess the final return up. Totally stupid to have under-capitalised UBG and then it having to raise money at such a low valuation. 68% dilution...ouch!

[mashman] 17/6/2022 17:52

oops, got it. Just hunting down Hostmore shares

[mashman] 17/6/2022 17:50

So what's the difference between this and ELTA?

[sev22] 06/6/2022 09:31

And the valuation excludes the potential business interruption claim worth £0-£15m.

Very cheap and I've just topped up at 34.98p!

[gfrae] 06/5/2022 09:49

They say that it is a leasehold. Presumably NAV is increased by £250,000 less costs, (difference between book value and realised). Therefore Good.

[1tx] 06/5/2022 07:55

On the face of it the price obtained for the surplus property seems low based on rent being paid by occupier;but I think that UBG does not own the freehold of the building but the wording is a bit unclear.We await accounts for the UBG operating company.As far as I am aware the NAV of UBG we have is the value Electra ascribed to their investment in Hotter not the actual book value of its assets which I think is substantially lower.

[1tx] 06/5/2022 07:55

On the face of it the price obtained for the surplus property seems low based on rent being paid by occupier;but I think that UBG does not own the freehold of the building but the wording is a bit unclear.We await accounts for the UBG operating company.As far as I am aware the NAV of UBG we have is the value Electra ascribed to their investment in Hotter not the actual book value of its assets which I think is substantially lower.

[stpalm] 20/4/2022 14:40

The games not over till the fat lady sings. IMO the market is waiting for demerged clean, ideally audited numbers.
At this level anything positive could cause a rise of 20% or more

[gfrae] 04/4/2022 09:01

Well, it is even bigger now ! Looks like everyone has given up on this one.

[gamwah] 17/2/2022 10:35

Just having a read through this, first thing jumps out is the discount to NAV but as its demerged unsure if this is all Unbound??

hxxps://unboundgroupplc.com/unbound-investor-presentation-december-2021/

[bigbigdave] 17/2/2022 09:38

!FOLLOWFEED

[af004] 17/2/2022 08:35

Good results, strategy and building relationships - encouraging.