Edinburgh Woollen Mill Group owner Philip Day’s Spectre Holdings has updated on Bonmarché (BON) – including of “valid acceptances under the offer, in respect of a total of 46,524,803 Bonmarché shares, representing approximately 93.0 per cent. of the existing issued ordinary share capital of Bonmarché”…
Last month, on an 11.445p per share mandatory - having acquired a 52.4% shareholding - offer for Bonmarché (BON) from Edinburgh Woollen Mill Group owner Philip Day’s Spectre Holdings, I questioned offer “unattractive when compared to the shareholder value that the… directors aim to create”. Now from Bonmarche “Update and change in recommendation”…
Majority shareholder and offeror for women's clothing and accessories retailer Bonmarche (BON), Edinburgh Woollen Mill Group owner Philip Day’s Spectre Holdings, has updated that it “will now take a step back and see if the Bonmarché board can deliver on the plans and strategy it has set out”. Hmmm…
Last month I wrote on women's clothing and accessories retailer Bonmarche (BON) cash offer, so was I wrong?.... It has now issued an offer response circular…
Last month I concluded on women's clothing and accessories retailer Bonmarche (BON) that its bank facility “expected to be sufficient to meet liquidity requirements” in conjunction with the noted severe trading deterioration in just a matter of months continues to make this uninvestable to me. Avoid / sell. Today a cash offer for the company from Edinburgh Woollen Mill owner Philip Day (via Spectre Holdings Limited). So was I wrong?...
Previously writing in December on women's clothing and accessories retailer Bonmarche (BON) it was “extremely poor” sales, though argues “confident in the strategy” & “well prepared to weather the storm”. Really?. Today a further “Trading Update”…
A “Trading Update” from womenswear retailer Bonmarche notes its “forecast assumed that demand would broadly follow the pattern experienced last year when, during the earlier part of November, customers delayed purchases in anticipation of being able to take advantage of Black Friday discounts. However,”... Uh oh…
Shares in women's value retailer Bonmarche (BON) are currently recovering more than 7.5%, to 85p, on the back of a trading update which notifies of 3.3% sales growth in the 13 weeks ended 24th December and that “the company's financial position remains sound and the board's expectation for the full year is unchanged”. However,…
Hello Share Scrimpers. When times become hard - and loads people are just not earning enough in these days of minimum wages and zero hour contracts - some things have to be gone without. One of these not-so-essential services is the provision of new clothes. Personally I’ve not bought any new threads for some time, due to a bursting wardrobe and the paucity of interesting new fashions these days.
Womens value retailer Bonmarche (BON) has announced it has followed a “generally poor summer season” with “extremely poor” trading in September – stated to be “largely as a consequence of the unseasonably hot weather which has not favoured sales of our new autumn ranges”. Hmmm…
With Bonmarche Holdings (BON) currently we have an interesting daily chart perspective with it likely that there is a divergence of views between those who simply see a relatively illiquid stock in a range, contrasting with the idea we are looking at a situation where the possibility of an imminent break to the upside provides a dynamic bull prospect.
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