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Various: N-O has lost the plot over potential end of Mike Ashley's tenure


Jinky Jim

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Guest neesy111

Ok so we all get our hopes up and as in previous takeovers, they are completely dashed at some point by someone who has knowledge of all this.

 

I'm waiting to be disappointed...

 

This the most confident I've been about a takeover after seeing these documents. :)

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Guest neesy111

Willing seller this time, this is why it’s different. He wanted out before cv19, he’s fucking desperate now.

 

Yeap, this doesn't happen without CV19.

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I don't think the 150m reference means anything in particular.  It's simply a representation relating to the value of the security.

 

This is correct. She isn't depositing £150 million. The proceeds of her ongoing dispute with Barclays have been secured against this loan. She is representing and warranting that those proceeds could be worth, if she's successful, up to £150 million.

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£150m to me reads potentially as an agreement for a future staggered payment - hence the vendor loan agreement with SJH as the lender. Again, hard to gleam too much with access to only one of a multitude of legal documents.

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The journalists don’t do themselves any favours like. One of them could have sneaked this as ‘Breaking News’ but instead Joe Public has done what they should and they’ve latched onto it.

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£150m to me reads potentially as an agreement for a future staggered payment - hence the vendor loan agreement with SJH as the lender. Again, hard to gleam too much with access to only one of a multitude of legal documents.

 

That's not correct - see above.

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Guest neesy111

Had on, why's SJH lending to Stavely? :lol:

 

Beat me to it....what’s going on here.....any company level specialists fancy commenting on this

 

Yeah that is strange.

 

Deleted my post after a bit more reading - it's a vendor loan, there's not been any cash lent. Looks as if a £13m deposit paid by Staveley to SJH has then been held in ring fenced account by them, hence why they become the lender on the legal docs.

 

Yeah, I can see that £13m deposit.  Good news. :)

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Knew f*** all until twitter pointed out the CH changes, then it’s now direct sources. This was submitted 6 days ago, sure his direct sources would have said something then.

 

Err you know that's how it works? He isn't an investigative journalist - something comes out - they check their source and relay what their told (could still be a load of crap as the source may be wrong). What the else do you expect from a SSN presenter?

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Knew fuck all until twitter pointed out the CH changes, then it’s now direct sources. This was submitted 6 days ago, sure his direct sources would have said something then.

 

To be fair, Companies House docs are usually reported as submitted on one date, but don't become available for public viewing until a week or so later.

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Knew fuck all until twitter pointed out the CH changes, then it’s now direct sources. This was submitted 6 days ago, sure his direct sources would have said something then.

 

To be fair, Companies House docs are usually reported as submitted on one date, but don't become available for public viewing until a week or so later.

 

Seems like Jonny1403 knows the CH ins and outs here.

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Knew f*** all until twitter pointed out the CH changes, then it’s now direct sources. This was submitted 6 days ago, sure his direct sources would have said something then.

 

Err you know that's how it works? He isn't an investigative journalist - something comes out - they check their source and relay what their told (could still be a load of crap as the source may be wrong). What the else do you expect from a SSN presenter?

 

You mean he pretends to check his pretend source after something comes out and decides it’s quite believable so hedges his bets. Yup, that’s exactly what I expect from a ssn presenter.

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Knew fuck all until twitter pointed out the CH changes, then it’s now direct sources. This was submitted 6 days ago, sure his direct sources would have said something then.

 

To be fair, Companies House docs are usually reported as submitted on one date, but don't become available for public viewing until a week or so later.

 

I think I saw on one document that whilst the Companies House listing date was 9th April (Last Thursday) the certificate issuing date was 14th April (today).  If Friday and Monday were Easter public holidays in the UK (as it was here in Australia) then those two days are only 1 work day apart.

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