28 ordspråk av Richard Ratner

Richard Ratner

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 The price is below our expectations, since we valued the group at up to 210p per share and so we are not surprised the board has rejected it.

 The question must be ... whether anyone could run it better than Alan Giles. Thus, there must be some doubt as to a bid emerging.

 They might get, in our view, on a decent day, an enterprise value of £2.9bn to £3bn but you've got to take £2bn of debt off that.

 This is an amazingly good price.

 This looks like a knock-out bid as the management, in our view, would be unable to raise the additional finance.

 Unless it has fifty per cent off or more, it is not selling.

 We question whether anyone will bid for the company.

 We still worry about next year, with fierce competition at the value end of the market, and...still look for a ceiling of around 800 million pounds on (fiscal year profits).

 We thought they'd had a worse Christmas than most people expected. They had a better Christmas, and they're talking about UK GAAP at the upper end of the range.

 We've heard there is an emergency managers meeting today.

 Whilst much of what Stuart has done has been relatively easy fixes, at least he has been perceptive enough to grasp the low-hanging fruit -- many wouldn't know what to do,

 Whilst the last time it was a '24-hour wonder', we think that there may be a reasonable chance that a deal could go through this time around, but it will take time for an offer to be formulated.

 With the chairman off, a downgrade and the Japanese no longer likely to bid, the shares are unlikely to make further progress in the short term.


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