IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.
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10 million does not seem enough to save a business of this size. How long before they need another life support injection.
SDRY have been on life support for a good while.
best of luck to all here taking a punt.If it works for you big profits are to be made.
I really can't see Julian putting another £10 Million into SDRY without a radical business change. I know it's an ego power trip to not allow SDRY to die but there is value in the business. In tourist areas the shops are still busy, it's no longer a common high street offering. The young market has gone for that. The brand needs a new introduction and really that has to be done with an online offering.
Bring it back to a smaller scale high street offering and grow their e-commerce offerings and exit the US market, sell IP to 3rd parties.
Was expecting Mike Ashley to show an interest.
The company does acknowledge that further funding may be required, beyond the initial £8m cash injection from Dunkerton, and the Circular includes:-
"whilst the Equity Raise is intended to improve the Company's financial position, there is
no certainty that the additional capital will be sufficient to meet future requirements or to
respond to unforeseen events or business needs. The Company expects that further
additional capital may be required, and there are no assurances that such capital will be
available or will be available on terms that are acceptable to the Company. A number of
factors will affect how much additional capital will be required or if it is required at all, such
as the financial performance of the Group, market trends, consumer confidence in the
Brand and wider economic conditions. As such, the Company is currently not in a position
to determine how much additional capital may be required or when it might be required"
I assume this might include the possibility of further shares being issued. Whilst this would be dilutive, it might be a price worth paying if it helps return the company to profitability.
Pole:No benefit to shareholders if delisted imho
Agree pumpky. The reward/risk investing in a company about to delist isn't for me. How do you exit? With a matched bargain facility you could be waiting a long to for a buyer to show up willing to pay the price you want to sell at.
Depends
There are a few delisted shares that rocketed prior to delist and Redx is one of them . Not saying it can happen here.
I think it will hover around these levels but 2 weeks prior you will see movement up
Ah yes, there's a difference between buying to invest as a delisted company and a quick in and out trade before then. I dare say they'll be some good price swings but with limited liquidity, so not huge real gains to be made.
As you say, companies often do rise just before delisting, substantially in the case of REDX. I'm not sure why but perhaps this is because of the last shorts being called in and there being few sellers left.
Quite a few people are aware of this phenomenon now and we could see the reverse this time, with too many holding out for the final bounce?
How’s your short doing poleaxe?
Poleaxe?
19 posts in the last 30 days all on SDRY! So how is your short doing?
When this goes to 14p his short will look a lot worse 🤭
🥵=poleaxe,
He’s gone very quiet. 🤐
Rick123, what are you doing here? Shouldn't you be ramping ARCM?
No idea what that is, are you feeling okay?
Sorry, I mistook you for an astute penny parcel punter.
Are you okay?
Deeply worried about you.
I know this isn’t easy for you up on Monday, down on Tuesday and now well not falling as you expected. 😧
Hope you are okay!
Rick"Keep averaging down"you might just get lucky 🤔
And off we go now....all aboard
Air tight spread now.....
Shorters, you need to seriously start deramping now or 💩 your pants. Choice is yours😂
Short sellers going to be slaughtered soon.Once it closes above 15 pence, it will zoom to 40 level on the fuel of short covering itself.Huge short position has been built up in past few weeks from above 20 level