Skip to content Shares Surged 35% as Formal Sale Remains on Track

Simon Mugo trader
Updated 17 Oct 2022

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Key points:

  • shares surged 35.2% as the formal sale progressed.
  • The firm is currently expecting final, binding offers from various parties.
  • As a result, the UK lifestyle and home accessories firm will soon be sold.

The Made.Com Group PLC (LON: MADE) share price surged 35.2% after revealing that the formal sale process, which commenced on 23 September 2022, was progressing well and had received several non-binding offers from interested parties.


The company’s management team noted that it had invited a select number of parties to progress toward making firm offers by the end of October. Investors were thrilled that the firm had attracted interested buyers despite its shares falling 93.93% since the year began.

Also read: The Best Undervalued Stocks To Watch In 2022. further reminded investors that all the parties interested in acquiring it knew that they would need to inject interim financing into the firm since it is facing a severe cash crunch and that the parties were okay with the arrangement.

The firm or firms whose offer shall be accepted by the board will have to inject an amount ranging from £45 million to £70 million into the company within the next 18 months to keep it afloat.

Investors cheered that the interested buyers had no issues injecting a significant amount into the firm to stabilise its finances as they took over its operations. is a unique company since it has an established niche within the UK’s e-commerce market for furniture and home accessories.

The lifestyle home brand’s first-half results showed that its gross order volume shrunk by 18.8% to 173.6 million compared to 213.9 million in H1 2021, but its revenues grew 4.2% to 178.2 million from 171.0 million last year. As a result, the company’s margins dropped by 8.6% to 40.1% from 48.7%. attributed the lower gross order volumes to weak consumer confidence and aggressive discounting to clear stock for its lower margins. However, the firm’s business model remains attractive.

Investors looking to make a profit when is sold could consider buying its shares now. However, there are no guarantees that the buyers will offer a higher price.

*This is not investment advice. share price. share price 17-10-2022
Source: IG

The share price surged 35.21% to trade at 9.6p, rising from Friday’s closing price of 7.1p.

Simon has over six years of professional trading experience across FX, commodities and equities. He has a strong passion for financial markets and is particularly focused on price action trading