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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Debenhams | DEB | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.83 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.83 | 1.83 |
| Top Posts |
|---|
Posted at 30/6/2019 11:27 by debsdowner Neil Woodford forced to update the market tomorrow on his fund but press says there is zero chance of any withdrawals will infuriate investors.If he allowed withdrawals everyone would look to exit at once so it would crash immediately. Horrendous situation! |
Posted at 14/6/2019 08:10 by qantas Good morning Robot and Debsdowner.Blocking investors from withdrawing money from investment funds can stop a fire-sale of assets, but also encourage investors to dash for the exit in an effort to get out before the door is shut, a top Bank of England official has warned. If enough funds run into trouble in an "economic earthquake" it raises the risk of funding for businesses drying up, warned Alex Brazier, the Bank's executive director for financial stability strategy and risk. - Telegraph One of Britain's biggest contractors is preparing to sell its housebuilding unit amid increasing evidence of financial pressure on the group. Kier Group has sounded out advisers about the potential to sell the division, which is understood to be valued at between £100 million and £150 million. - The Times |
Posted at 28/5/2019 12:37 by qantas Marks & Spencer was among the risers, having dropped sharply last week on the back of news of a discounted rights issue and a dividend cut.David Cheetham, chief market analyst at XTB, said that despite the strong share price performance on Tuesday, a look back at prior performance makes for "pretty grim viewing", with a six-month decline in the stock price of almost 20% and a near-40% drop seen in the past couple of years. He said "a litany of mistakes" was to blame for this poor performance and while a demotion from the FTSE 100 in the upcoming quarterly reshuffle wouldn't materially impact business operations, "it would likely do more damage to its weary investors and their holdings". Please do your own research as always. |
Posted at 24/5/2019 08:30 by qantas Investors in Marks & Spencer have raised concerns about the £30 million in fees and expenses the retailer is spending on its cash call to finance its food delivery venture with Ocado. M&S is tapping shareholders for £601.3 million in a deeply discounted one-for-five rights issue. However, under the terms of the share sale, unveiled this week, the retailer disclosed that the proceeds would actually amount to £570.7 million once fees and expenses were paid. - The Times |
Posted at 14/4/2019 10:19 by debsdowner KNIGELOne of the reasons I focused on Debenhams is I was once an investor and the company was of interest. Believe it or not I actually like Department stores but I accept online has taken market share. I took the view the company had lost its way and investors would be hit. I was right. Its a sad affair but predictable by ODEY and a few more. I class myself as a sophisticated investor albeit did not short this share I have my own reasons for this, I have mixed feelings on shorting it can push the share price down and make it impossible to get a rights issue off. But one has to bear in mind a rights issue may not have helped Debs, the long leases were the death knell and the group needed a massive cut in its rent to survive and stores needed to close. Sadly Debs had too many problems and although the company is owned by the creditors the problems still not sorted and wont be for weeks or months to come. For those readers who think the creditors stuffed shareholders by wiping them out, bear in mind the creditors will probably lose out as well as they own a company still losing money and will probably have to write of much of what they are owed. The debt burden gone up far more than it was 2 months ago having to take on more funding since. My overall feelings are the company will have to bring forward significant store closures. |
Posted at 09/4/2019 17:49 by debsdowner What do shoppers do with gift cards and goods purchased online....Pay by credit card the best option as the credit card can be held liable for goods failed to be delivered. Don't forget to : "take notice of astute posters in future like myself, niggle, fenner, owenski and a few more." No doubt naïve posters will cross paths with some of us on other forums we are happy to help naïve investors as to what to do with high risk investments with an uncertain future. Bear in mind these are public forums and investors need to take independent advice before they risk losing their shirts. One last point: Tesco, Morrison, ASDA and Ssinsbury had a run on toilet rolls today they are still trying to figure out why there was a demand. They wondered whether it was consumers stocking up on BREXIT but if it had have been BREXIT they would have expected the run to have been over weeks and days rather than one particular day. Any thoughts as to why there was a heavy demand today? |
Posted at 09/4/2019 07:21 by nasarsaddique 'The Board confirms that it received a revised, highly-conditional, proposal from SDI in the early hours of 9 April, which indicated a willingness of Sports Direct to underwrite an equity issue of £200 million. The company's lenders have confirmed to the company that the proposal, on the terms set out, was not sufficient to justify an extension to the 8 April deadline.The company anticipates making a further announcement during the course of the day following further discussions with its lenders.-ENDS-Enquir |
Posted at 09/4/2019 07:19 by nasarsaddique From Debenham's rns:The Board confirms that it received a revised, highly-conditional, proposal from SDI in the early hours of 9 April, which indicated a willingness of Sports Direct to underwrite an equity issue of £200 million. The company's lenders have confirmed to the company that the proposal, on the terms set out, was not sufficient to justify an extension to the 8 April deadline. The company anticipates making a further announcement during the course of the day following further discussions with its lenders.-ENDS-Enquir |
Posted at 08/2/2019 15:13 by debsdowner Investors in property funds bailing out to such an extent the FCA demands daily updates>14:18 FCA asking for 'daily updates' on property funds BBC Live "Property funds made the headlines after the EU referendum when major finance firms had to suspend trading in their commercial property funds because investors were rushing to withdraw their funds. This makes life tough for property funds as they cannot quickly sell properties to help fund redemptions, The Financial Times is reporting that the Financial Conduct Authority is asking for daily updates from funds after investors started withdrawing their funds again. It cites data from Morningstar which shows £315m was withdrawn in December - comparable to the volume of redemptions in each of the two months following the referendum." Comment: Property funds will have less appetite to reduce rents in prime properties which they can convert or re-lease its not going to be easy for Debtenhams to get a 75% vote for a CVA. Funding in doubt unless they can get a 75% in favour if not its administration. |
Posted at 11/1/2019 19:34 by debsdowner FTCity feel Mike Ashley wants administration: Mike Ashley’s dramatic coup to unseat Debenhams’ two most senior directors strengthens his hand ahead of what many believe will be a grab for full control of the ailing department store group.At the company’s annual meeting on Thursday, Mr Ashley’s Sports Direct — Debenhams’ biggest shareholder — combined with Landmark Group, another large investor, to vote against the reappointment of Debenhams’ chairman, Sir Ian Cheshire, and chief executive, Sergio Bucher. As a result, neither was re-elected; Sir Ian resigned immediately, Mr Bucher will continue as chief executive, reporting to the board but not sitting on it. Following the show of strength, most observers believe Mr Ashley intends to take over Debenhams, possibly with the intention of combining it with House of Fraser, the department store he also owns. Nick Bubb, an independent retail analyst, expects that as part of any refinancing, Debenhams’ bankers will insist on an equity fundraising, the terms of which would be “effectively dictated” by Mr Ashley. Neither Sports Direct nor Landmark responded to requests for comment.Debenhams&rs Administration would give Mr Ashley the chance to reset the terms of property leases and supply agreements as he has done with House of Fraser. Sports Direct acquired the smaller department store group last summer in a “pre-pack&rdqu Although Sports Direct has successfully ejected Debenhams chairman, it has not installed its own candidates. This has given the board “a bit more leverage” in the upcoming refinancing, according to the analyst. However, it has also “put them on notice” that Mr Ashley is now prepared to use his votes — something he has refrained from in the past. There are questions about how Debenhams allowed two shareholders with a combined 38 per cent of the shares to stage such a coup. “He’s completely ambushed them,” says the industry executive. Mr Bubb adds that the company’s advisers should have anticipated the possibility of a vote against the directors. “They should have had their ducks in a row. Landmark made that more difficult, but even so.”The unusual timing of Debenhams’ annual meeting just after Christmas can make it tricky to marshal votes, resulting in low turnouts. About 12 per cent of the company’s shares are thought to be held by individual investors.Mr Ashley had previously been vocal in his criticism of Sir Ian — but more supportive of Mr Bucher. But despite efforts to persuade him to back the chief executive if Sir Ian stood down, it became increasingly clear Mr Ashley wanted them both out. “He wanted to make a statement and see what the board would do if he voted both Ian and Sergio off,” says the analyst.At a meeting later on Thursday Sir Ian resigned and Mr Bucher was asked to continue to run the company, which former Argos chief executive Terry Duddy will now chair. Mr Duddy and David Adams, one of Debenhams’ other non-executives, met Mr Ashley later that evening for talks described by insiders as “constructive. |
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