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I ask a question which a year ago would have been something you would not have thought of asking: could Ted Baker (TED) go bust. Its shares, £17 a year ago, now trade at 470p valuing the business at just £212 million.
Back in June, I concluded on the troubled clothing retailer Ted Baker (TED) that the dumping 'share price move has been all about going from being a growth company to one with less immediately glossy potential'. Even back then the shares had more than halved from the start of year 17 quid level to around 800p. Well today's news has taken them under 700p as I write…
I have been in a Ted Baker (TED) shop and - as it happens - I do have a couple of Ted Baker-branded items. I have never really worked out why it was successful though and certainly - erroneously it seems for many years - have never got to close to actually investing in the retailer. Given the share has fallen today to a six year plus low, I am not that disappointed…
In December 2018 Ted Baker (TED) brought in lawyers Herbert Smith Freehills to investigate allegations that its founder and CEO Ray Kelvin had groped members of staff. That enquiry is ongoing but will now focus on Ted Baker's internal controls. Kelvin insists he is innocent but has now quit with immediate effect. In light of that, we bring you two images from Baker's last annual report (which showed Kelvin trousering £1.6 million) and ask you to supply suitable captions on the comments section below by midnight tonight. As ever, the winner will receive a semi naked photo of Britain's top share blogger (mornings only), Thirsty Paul Scott.
On Friday evening at 4.27pm – just as the city was packing its bags for the weekend – fully listed Ted Baker (TED) released an RNS announcing that its embattled CEO was to take a leave of absence. The shares, which had been trading at around £15.20, crashed into the close and ended the day on a spread of £14.58-14.79, and an official close of £14.93 – but I fancy there will be more weakness to come as the city returns to work on Monday.
Hello Share Twiners. Clothing firms face an uncertain future in my view. Even a company with a high reputation like Ted Baker (TED) does not have shares I would buy at the moment. The company’s latest half-year numbers showed that profits have dipped by 3.2%.
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