By Steve Moore | Friday 25 February 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Previously writing on Studio Retail Group (STU) earlier this month I noted hopefully my warning of “funding crisis ahoy” last month was heeded as now it’s ‘Intention to Appoint Administrators’!. In that I noted ‘the major shareholders include Frasers Group (FRAS) of Mike Ashley (in)famy (28.89%), Schroders (18.94%) and Lombard Odier (11.26%) – and what odds of Ashley now buying this out of administration with nothing for smaller shareholders?’. Today a “Sale of Studio Retail Limited”-titled announcement…
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