From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Unbound Group – another case of “Strategic Review and Formal Sale Process” being code for ‘we’re fecked’?

By Steve Moore | Friday 19 May 2023


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 Hotter Shoes brand footwear group Unbound (UBG), last week I wrote my prior scepticism vindicated?; after possible offer not proceeding now also funding proposal “withdrawn”! – concluding with the shares slumping to 3.25p, towards a £2 million market cap, hopefully my prior warnings were heeded and still one for the Bargepole. Hopefully that was heeded as today a “Strategic Review and Formal Sale Process”-titled announcement from the group. With the shares currently responding further down to 2.5p, is this announcement indeed code for ‘we’re fecked’ as such announcements often are?

Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

HAT

H&T Group – now again a Buy

Time left: 07:28:12