Unbound Share Discussion Threads

[catabrit] 10/5/2023 09:37

Yeah there has to be a legal claim of some sort and I’m curious why they didn’t mention it in the RNS.

[babbler] 10/5/2023 09:21

This will bounce hard soon. CEO bought recently at 4.88p. The trading hasn't changed since last update and on track to deliver to expectations. They will sort the covenant imo. In at 3p long.

[soleman1] 10/5/2023 08:12

Surely there's a legal claim here, can't top a takeover offer with an unconditional offer then just withdraw.

[monet] 25/4/2023 13:35

Well no offer from WoolOvers
25 April 2023

Statement re Unbound Group Plc ("Unbound")

Further to the announcement made on 28 March 2023 in relation to a possible offer for Unbound by WoolOvers Group Limited ("WoolOvers Group"), WoolOvers Group, confirms it does not intend to make an offer for Unbound under Rule 2.7 of the Code.

Under Note 2 on Rule 2.8 of the Code, WoolOvers Group, and any person(s) acting in concert with it, reserve the right to make or participate in an offer or possible offer for Unbound and/or take any other action which would otherwise be restricted under Rule 2.8 of the Code within six months of the date of this announcement in the following circumstances:

a) with the agreement of the board of Unbound;
b) following the announcement of a firm intention to make an offer for Unbound by or on behalf of a third party;

c) following the announcement by Unbound of a Rule 9 waiver proposal (as referred to in Note 1 of the Notes on Dispensations from Rule 9 of the Code) or for a reverse takeover (as defined in the Code); or

d) where the Panel on Takeovers and Mergers has determined that there has been a material change of circumstances.

[flyfisher] 25/4/2023 08:49

Deadline 5pm today, formal bid, withdraw or seek an extension ?

[soleman1] 12/4/2023 18:37

Yea, there have been a load of standard takeover rn lately, think people missed it. I'm sure the share price will catch up tomorrow

[babbler] 12/4/2023 14:19

Strange you can still get these at 9p with 2 offers on the table for a nice 20% increase

[catabrit] 12/4/2023 13:30

Interesting update re Marwyn. Woolovers are going to need to pay a bigger premium to secure this.

[soleman1] 06/4/2023 20:40

Yes appears to be a very done deal

[monet] 06/4/2023 14:32

i see WoolOvers Group buying in the market again

[catabrit] 28/3/2023 15:19

It’s worth stressing that woolover is owned by a PE firm (Verdane) who acquired it from another PE firm Langholm capital in 2021.

[catabrit] 28/3/2023 12:07

Yeah it's great that we get a free carry on that. It's a big reason why I am going to hold for the takeout at 10.5p because the insurance upside could be 'yuuuge'. And it's essentially in the price for free. Even at the ask, today.

[flyfisher] 28/3/2023 11:44

Well done to you guys who bought in the 4p range.

From 2021 accounts. ''A range of recovery outcomes from this claim is possible ranging from nil to in excess of £15 million. Resolution is expected in late 2022 or early 2023.''

Does anyone have a more recent view on the size of the business interuption claim.

Tia

[catabrit] 28/3/2023 10:09

Quite happy with the outcome here but yes, this is a great deal for shareholders who bottom ticked in the 4s and a similarly great one for those taking it private at a pathetic market cap vs its potential. I feel sorry for others.

My second takeout of the year after BUMP.L :)

[ozymandias11] 28/3/2023 08:51

This offer significantly undervalues UBG and is an opportunistic offer to take advantage of depressed small cap market given wider market volatility.
If you'd like to get involved and have your say small shareholders should unite. Email [e-mail] to register your interest in joining consortium to agitate for better offer terms.

[babbler] 28/3/2023 08:26

It could also see alternative offer appear.

[bumpa33] 28/3/2023 08:25

From the detail, offer is not firm, talks ongoing and price can be revised down.

[babbler] 28/3/2023 08:10

So if offer is 10.1p cash plus contingent share why only 8p open?

[tomboyb] 28/3/2023 07:28

Well done carabrit -

Great RNS -

[tomboyb] 23/2/2023 14:32

It looks very interesting and the brand has a large following over 55s -

Looks to me like it can be utilised quite well.. i.e. it has a fairly large database and a large percentage following in the over 55s -

Deal with M & S earlier this year. Leads me to believe that at some point someone will take a look at this in detail -

[catabrit] 23/2/2023 14:26

Thanks Tom. I like the r/r. OK, it could go bust worst case scenario despite the fact that it has much lower fixed costs than the retailers who do typically go bust. But a bit like Seraphine which had a strong maternity brand amongst Mum’s, I think this has a strong affinity amongst its older demographic too. So, if it survives we bag multiples from here. Put 1 down, get up to 10 back. That’s my kinda bet. Not for everybody I admit but a lot of people seem to forget that if there’s no uncertainty or risk or concern, then there’s no real return either. Nothing wrong with either approach - it just depends on the individual’s appetite for r/r.

[tomboyb] 23/2/2023 14:12

Looks "real" cheap imho -

Also I think you have done some pretty good research on this company -

[catabrit] 23/2/2023 14:07

Honestly, I think this is so low because the average retail investor doesn’t understand what Unbound Group is because it was the last spin out of the PE fund. I could be wrong but this feels pretty undiscovered.

[catabrit] 23/2/2023 14:04

Yeah, they replied pretty promptly too.

The only thing that makes me think it’s not a takeover target right now is the director buys. Not sure they would be allowed to act on that information. However, it doesn’t stop it becoming one in the future.

Also, they are / were investing quite heavily into the wider Unbound Group platform. I think that masks some of the economics of the Hotter Brand. Still, digital fashion companies aren’t flavour of the month at the minute and I understand why. I like that this is a shoe company and that the target audience is older. Probably protects it a little bit vs an ASOS, say or a Quiz or whatever.