The nearly $ 3 billion (2, 2.3 billion) market has been structured as a passive investment, but one doubts that Musk intends to buy and keep it for eternity. This is not his style. Potential plot lines include a request for a board position or even a full redemption offer on time, analysts speculate, not unreasonably. The latter can afford it. Musk has not said anything about his intentions, but it was impossible to miss the big experiment in advance. He flirted with the idea of launching his own social networking platform and conducted an unscientific poll on Twitter asking if the platform “strictly adheres” to the principles of free speech. He sounds like a man in some kind of post, not just a man who is in pain for previous conflicts with US financial regulators over his Twitter activity. Independent Tesla executives are never likely to restrict Musk’s extracurricular activities, especially this one: the high public profile of the boss has saved the company a fortune in advertising dollars over the years. Likewise, however, it is difficult to see any positive results for the company if Musk is drawn into toxic battles over the role of social media in the US political landscape. Leading the way in the electric vehicle revolution is quite difficult without unnecessary detours.
Ted Baker should not be afraid to say no to private equity
There were two directions that Ted Baker could have followed after the departure of founder Ray Kelvin in 2019. One would include warnings of drift and more profits – we have seen this scenario in the fashion industry sometimes after the founders left. . Alternatively, the business could be reorganized and focused on heavy day-to-day work, such as getting off the discount runway. The latter, fortunately, seems to have happened under CEO Rachel Osborne, who arrived as CFO and found herself at the top of the position in no time. A massively declining £ 105m share set at 75p in June 2020 to correct the balance sheet means the old τιμή 20 share price will never return, but, functionally, Ted Baker seems to have some basics correctly. Sales increased by 35% last year and the damage to the brand seems minimal. Therefore, the interest from private funds is not surprising. With a market capitalization of 0 270 million, Ted Baker is making an interesting bet. The balance sheet is clean these days, there is a growing international presence and e-commerce sales in the UK are already half of the total for the last six months. The trend after the lockdown to the smarter kit also works to the benefit of the company. The board had already rejected New York-based approaches from Sycamore Partners at 130p and 137.5p. It has now received an improved offer from the same source and at least one other potential bidder has appeared. Under the circumstances, switching to a formal sales process, which means not being bound by standard bidding schedules, is a legitimate way to proceed. However, judging the fair value of a company recovering from a volatile lockout period is not straightforward. Toscafund, with a 28% stake, will have an opinion, but one probably wants to know how far the board thinks it could go under its own steam. Ted Baker obviously does not need rescue. If none of the offers are absolutely exciting, managers should not be afraid to say no.
The Treasury Department does not need a modern NFT
There is nothing wrong with the Treasury Department taking an exploratory walk around the cryptocurrency block, if we talk about “stablecoins”, ie cryptocurrencies linked to a fiat currency as opposed to cryptocurrencies, which seem to be more than just vehicles. for wild speculation. Stablecoins could actually generate profits for businesses and consumers by reducing transaction costs if payments are made within a strong regulatory system. However, Chancellor Risi Sunak is rather undermining the idea of high-standard regulatory seriousness by dealing with a non-exchangeable badge or NFT. The Royal Mint was asked to create an NFT “as an emblem of the future approach that the United Kingdom is determined to follow”. Do not rush all at once. The Treasury Department would do well to stick to boring technical assessments of payment systems. no need to do modern stunts.
