Share Name Share Symbol Market Type Share ISIN Share Description
Debenhams LSE:DEB London Ordinary Share GB00B126KH97 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.55p -2.83% 53.25p 53.40p 53.45p 55.55p 53.25p 55.55p 5,566,813.00 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 2,341.7 105.8 7.0 7.6 653.82

Debenhams Share Discussion Threads

Showing 5851 to 5874 of 5875 messages
Chat Pages: 235  234  233  232  231  230  229  228  227  226  225  224  Older
DateSubjectAuthorDiscuss
21/1/2017
18:57
UK consumers in cloud cuckoo land at the moment post Brexit imo. Too much debt around with low interest rates and low inflation. As inflation rises people will be a lot worse off. Soros has just warned, on how collapse in sterling will reign in spending and I agree. Too many retailers out there, sooner or later another large retailer will hit the wall. Bricks and mortar retailers at risk imo. Business rates going up tin hat time later this year and into 2018, I also think stok market will be hit.
simon templar qc
20/1/2017
20:05
Interesting article here which breaks down the retail sales figures... HTTP://news.sky.com/story/why-the-pound-has-taken-a-whack-from-xmas-sales-figures-10735450 The latest figures seem to be at odds with a number of trading figures by most the supermarkets and larger stores of which also include fashion. There could be a number of reasons for any discrepancy. Black-Friday, online sales, bear in mind a small fashion outlet will not do online. However the writer points to a last splash by the consumer and it equates with my view. Consumers know things will go up this year due to low pound and they will have less money in their pocket. I appreciate Debs will fare better on currencies than JL but nevertheless consumers will have less money in their pockets. Conclusion-I see no reason to alter my stance here I think its a wait and see at the moment and still a value trap.
simon templar qc
20/1/2017
18:57
Debenhams more aimed at the ladies IMO. I have to say the one where I live is always lively, it serves a purpose and people like to pop in to kill some time. In a lot of instances (like electronics etc) you might pop into a shop (i.e. Currys) and check out the product then order it online more cheaply. However, on expensive fashion items this is rarely possible as banded goods tend to sell at similar price, in fact some items sold in Debenhams are exclusive designs for them. So you might be able to order a dress on Amazon but not necessarily the one you copped your eyes on whilst in the store browsing and if you can find it on another fashion site it's likely to be a similar price. This is obviously not the case with pots and pans etc...
terminated
20/1/2017
12:18
Teat sales abysmal. Forecast was for the reverse.
simon templar qc
20/1/2017
12:07
Classic BBC reporting: on the news that retail sales were up 4.3% in December 2016 compared to last year - Headline: "UK retail sales fall sharply in December" http://www.bbc.co.uk/news/business-38687686
thevaluehunter
20/1/2017
11:47
Back in the day DEB was my default shop for bedding, kitchen ware, birthday gifts, all bought in store. Now it's invaribly Amazon or somewhere else online. Have only ordered twice from Debenhams online. Never bought any clothing from Debenhams so perhaps not a typical customer.
essentialinvestor
20/1/2017
11:40
Not sure why MasterInvestor talks about "sterling’s value versus the dollar has fallen to levels not seen in over a decade, things could get worse before they get better." as a challenge for a debenhams because they are fully hedged at 1.50 until summer 2018. From the last results: "Debenhams adopts a rolling hedging strategy, typically hedging 12-18 months ahead. We are fully hedged for FY2017 at an average rate of around $1.50 or c5% lower than FY2016. We are partially hedged for FY2018 and therefore the most recent fall in the value of sterling will not take full effect until spring/summer 2018." I reckon the current value of this hedge could be well over a hundred mil.
thevaluehunter
19/1/2017
21:08
Challenging outlook from MasterInvestor who thinks Debenhams could be ditched. HTTPS://masterinvestor.co.uk/equities/hard-brexit-could-lead-investors-to-ditch-debenhams/ The writer has a similar view to my outlook. He hasn't mentioned upward rent views neither increase in business rates and rise in minimum wage, which will inevitably increase costs and reduce margins. He is avoiding I say a value trap.
simon templar qc
19/1/2017
13:38
Simon, yes appreciate you're cautious on DEB!. My use of the word was ambiguous, meant someone rather than you personally.
essentialinvestor
17/1/2017
18:42
EI I am not bullish I am cautious/wait and see. The bricks and mortar and onerous leases the biggest problem. They are relying on SB HTTP://www.thisismoney.co.uk/money/markets/article-3610227/Debenhams-names-Amazon-fashion-head-Sergio-Bucher-new-chief-executive-3-8m-pay-package.html
simon templar qc
17/1/2017
18:40
Simon, that was my point- group profitability significantly lower than 5/6 years ago and still DEB continue with physical store expansion, with the already hefty legacy lease liabilities. Plus the maintenance CAPEX requirements. What happens when the next consumer downturn hits?. If you are bullish DEB, weaker companies going to the wall as with BHS, may be helpful and create some opportunity.
essentialinvestor
17/1/2017
18:23
Also JL has to manage its pensions! They have a large deficit to manage! All three are in similar ball park they could all survive it all depends how skilled they operate from here. Sergio Butcher could make a lot of difference. HTTP://www.bbc.co.uk/news/business-36386484
simon templar qc
17/1/2017
18:11
Simon, these are good points and go back to when the business was being raped by private equity. They have done extraordinarily well to have managed these leases since. The leases will not be escalating in today's market so the skill is to now utilise waste space. Fortunately this year they have a £50 million currency head start against Marks and John Lewis
harry_david
17/1/2017
17:33
Here we have it guys Debenhams did a sale and lease back in February 2005 HTTPS://www.ft.com/cms/s/0/fd16d814-7e2d-11d9-ac22-00000e2511c8.html?ft_site=falcon&desktop=true#axzz4W2bKJeVV This one example is the spanner in the works: HTTPS://www.theretailbulletin.com/news/debenhams_sells_freeholds_to_british_land_14-02-05/ "The stores are being leased to Debenhams for 30 years from March 2004, and 35 years in the case of Oxford Street and Manchester, at a total rent starting at �27.9m a year. Debenhams will have an option to renew at the end of the lease for a further 25 years. Stephen Hester, British Land chief executive, said: "This well let portfolio has guaranteed annual uplifts throughout a minimum term of 30 years, and potential for additional rental growth, plus an initial income return of 5.6 per cent. "We believe the 23 stores, leased to one of the leading department store operators in the UK, provide an excellent addition to British Land's retail portfolio. The secure income growth is expected to be increasingly valuable with various asset management opportunities on top and in a sector well known to us." BL income return far outweighs growth in retail and dismal almost zero interest rates!!! edit: I suspect there are quite a lot of other or onerous leases apart from the above. Sale and lease back can generate cash but does have its draw backs in a slow growth economy. A business has to be able to generate enough cash without selling its freeholds!!!! Finally seems some stores have a annual uplift...""This well let portfolio has guaranteed annual uplifts throughout a minimum term of 30 years,"
simon templar qc
17/1/2017
14:14
Example of upward only rent review... HTTPS://www.insidermedia.com/insider/yorkshire/121974-leeds-debenhams-building-sold-38m Leeds Debenhams building sold for £38m 22 Aug 2014 Yorkshire "The Debenhams building on Briggate in Leeds city centre has been sold in an off-market transaction for £38m. Orchard Street Investment Management has acquired 115-126 Briggate on behalf of St James's Place. The property is let in its entirety to department store chain Debenhams on a 35-year lease with an unexpired term of 19 years. Tom Chadwick at Orchard Street, said: "This prime property is situated in one of the most sought after locations in Leeds and is at the centre of an established shopping hub which should strengthen as the retail offering continues to improve." The property, which has a gross internal area of 111,824 sq ft set out over six floors, produces a current passing rent of £2.24m per year, subject to upward only rent reviews every five years." edit: Unexpired term 19 years from 2014 which suggests an upward rent review in the next 2 yearst. looks to me like there will be quite a lot of upward rent reviews within the next few years, I think Debenhams may have done a sale and lease back a while back.
simon templar qc
17/1/2017
12:34
Sooner or later there has to be some consolidation. Thinks we are in some agreement. Marks is in a similar position too large stores and trying to shift lower fashion with more food. They are both trying to move with the market.
simon templar qc
17/1/2017
12:08
ST, you have called this very well, think I mentioned previously. If you are an optimist may be some bid possibiity with FX, that is highly speculative.
essentialinvestor
17/1/2017
11:01
Last week sales for JL hxxp://www.johnlewispartnership.co.uk/content/cws/financials/weekly-figures/latest.html JL excluding food 3.7%. Bear in mind new stores have increased selling space by about 4%. Result no growth like for like imo with increased ousts.
simon templar qc
16/1/2017
18:20
One more point that some are missing is currency. It is correct Debenhams are better placed than JL on that front for this year, at least but inflation will cut back consumer spend whatever the price point is! Less money in pocket less to spend on clothes, food and luxuries. Don't forget petrol is considerably higher this year rates are going up and so are household energy. The lower the pound the more impact on household spend.
simon templar qc
16/1/2017
17:20
Unfortunately its all to do with bricks and mortar. Less people going into stores. Debenhams are attempting to introduce food, but I am not convinced that is a good ideal and cosmetic is lower margin. Haven't gotten the full hang on leases apart from they are tied into some long leases with upward only reviews!!! Now its very well demanding lower rents but the only time that seems to work is when the business is unsustainable i.e. the company going under. Even then landlords aren't always willing to reduce the lease rent. Unfortunately the market doesn't seem to like Debs and it could well be a value trap. You go for the dividend and the business turns suddenly. Its clearly a watch situation there will be winners and losers soon as the year progresses Begpies Traynor say there ate over 28,000 retailers under financial distress, some may be food retailers but I suspect a lot are clothes. hxxp://www.exeterexpressandecho.co.uk/exeter-retailers-braced-for-challenging-2017-after-next-warns-of-tougher-times-ahead/story-30030347-detail/story.html All depends now how the retail market fares, I would keep my eye on John Lewis sales figures they are out every Tuesday about midday.
simon templar qc
16/1/2017
16:41
Terminated, Paul Scott who sometimes posts on ADVFN is particularly sharp on retail- unsure whether he holds DEB or has a current view, may be worth asking him, he also has his own blog from memory. My caution on retail lease liabilities is predicated on increasing migration online, so business assumptions that appeared very reasonable 2/3 years ago may look very optimistic over the next few years. The duration of any leases in this context is relevant. None of us have the gift of prescience, usually worth keeping in mind.
essentialinvestor
16/1/2017
11:03
For it was a strange reaction to better than anticipated results, especially when they over 60p a few weeks ago with a cloud of negativity hanging over them.I don't get the negativity regarding the new leases. Surely there is an opportunity to renegotiate some leases in their favour, and aren't leases part of their yearly budgets. What's all this about the leases about to come onto their books?
terminated
15/1/2017
11:19
Nope just giving a view isis. If DEB stopped all physical store expansion, might be tempted to take a small amount as a contra play. Spending shareholders money usually much easier than spending your own so the store roll out continues, unwise imv.
essentialinvestor
15/1/2017
11:04
Profitability significantly reduced from 5/6 years ago and a share price hovering near multi year lows.
essentialinvestor
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