TRS the reject shop limited

Ann: Intention to Make Takeover Bid, page-145

  1. 17,748 Posts.
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    "They are facing a take over and you are worried about the Directors job or role ? "

    So the directors will breach their fiduciary duties and behave in a reckless manner just because there is someone standing in the market offering to buy all the shares in the company?


    "50M is small change"


    It is almost 5 times the current level of the company's net earnings.
    Small change, huh?


    As for the 350 shops that TRS "has", that's a two-edged sword; those stores are assets they are profitable during times of elevated consumer sentiment, but liabilities when consumer sentiment turns sour and the lease obligations associated with the loss-making stores still need to be serviced.
    Last edited by madamswer: 02/01/19
 
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