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DEB Debenhams

1.83
0.00 (0.00%)
03 Dec 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  0.00 0.00% 1.83 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
1.80 1.90
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.83 GBX

Debenhams (DEB) Latest News

Real-Time news about Debenhams (London Stock Exchange): 0 recent articles

Debenhams (DEB) Discussions and Chat

Debenhams Forums and Chat

Date Time Title Posts
26/1/202111:21Debenhams charts/news28,125
12/4/201904:36Debenhams (DEB) One to Watch on Wednesday 7
12/4/201904:36Debenhams3,795
29/11/201711:59Debenhams re-listed20
05/10/200322:29Debenhams is OK175

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Debenhams (DEB) Most Recent Trades

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Debenhams (DEB) Top Chat Posts

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Posted at 21/6/2019 10:43 by titasiinitramho
"Helicopter" or Raleigh Chopper?... lol

"Castle in Kerry" or bedsit in Blackpool? lol




robot ic1 - 31 Mar 2018 - 13:29:40 - 4488 of 28060 Debenhams charts/news - DEB

"Had a great cycle ride again this morning into Blackpool central , do you ride a bike?
The weather is a bit dreary , had a couple of light showers of rain ,but Debenhams full and lots of people carrying Debenhams full carrier bags.
Blackpool is full of buyers and people having a great time this Easter .
forget the negative writings just stay positive +.
Always Do your own research its your cash"



looooooooooooooooooooooool
Posted at 14/4/2019 09:19 by debsdowner
KNIGEL

One 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 10/4/2019 08:45 by titasiinitramho
Below is what can be the result of when scum individuals ramping with blatant lies and misinformation for years with "Hammering up" , "Buy Buy Buy" , "350p by Xmas" ramping while the share price plummeted daily in front of your eyes.


From lse BB.


SugarPlumFairy
Posts: 28
Opinion: No Opinion
Price: 1.70
End of the line
Tue 12:47
I bought into Debenhams many years ago. When the price started to fall, I foolishly chased the price down and down. Putting more money in and averaging down. I was never in profit but at times came within a few thousand of breaking even.
When the price went into freefall, I put in more money - eventually a lifetime of savings, as I forlornly tried to get my money back.
What a fool I was. I've now lost everything, including my home. My only chance to look after my family is to use the life insurance policy I have. That will pay out in the event of my demise. So be it, I have lost everything. My life i over now.
I put this on as a lesson to others to not let their pride run. ahead of their logic. Take a small loss. I hope it ends better for the rest of you.
Goodbye.
Posted at 10/4/2019 07:34 by buywell3
Once again buywell calls it right:


buywell2 - 26 Mar 2019 - 07:40:37 - 25256 of 27561 Debenhams charts/news - DEB
Sorry but I see the DEB BoD now telling MA what to do

That ain't going to happen

They also are telling him how the repayment of DEB debt they created must be repaid by MA if he makes an offer

For me this kills any offer stone dead

If MA buys DEB from the administrators he takes on ZERO debt like he did with the HOF deal.

If MA now announces say after 18.00hrs today he is NOT going to proceed with an offer

Wednesday will be a bloodbath
Posted at 09/4/2019 19:06 by dredger
Been following this thread for a few weeks now. I used to work in Fin Servs (36 years) for one of the largest global fin servs co.s. The Life&Pensions arm of the co. Early retired 2 years ago just before my 55th bday. I've dabbled in shares over the years but in the main i put my trust in fund managers, with a regular premium stocks&shares ISA. Since retirement i've built a small portfolio of shares; mainly income divi producing shares; boring i know; the likes of Aviva, SSE, ITV,ABF. My only two shares i hold with share price growth potential are Boohoo and Hurricane Energy. I'm not a big player and prefer to hold for a time, rather than aggressively trade. In fact, the increased activity of quick buy and sell (short term traders) over last few years is, at times, faslely skewing and unsettling the market. It is making it v difficult for many many folks, in the main people of an older demographic to have faith in investing for medium to long term. Even some fund managers are getting tired of aggressive shorting as it creates instability and volatility. I have always held right wing views, always voted Tory; i'm no Socialist, but i fear that if The Marx Brothers (Corbyn and McDonnell) gain control at next GE they will introduce controls on share trading. Expect shareholders not to get voting rights until they hold shares for 6 months; possible ban on short selling; maybe we'll have to hold shares for 3 months before one can sell. I think the hedge funds and short traders will only be to blame if a Left wing UK govt brings in such controls.
As for Debenhams the board has behaved with upmost pomposity. I'm no fan of Ashley but the Debs board have been super arrogant. Of course, Debs issues started years ago when the Private Equity buyers screwed them over. Yes, aspects of Debs 5 year strategy has been supremely flawed, tied down by leases with long tie-ins. A hell of a lot of unanswered questions over board activity, etc from the last year or so. How did a near-30% shareholder get effectively locked-out of discussions or insight as to Debs future? Will the regulatory authorities look at this? Declaration- i'm not a Debs shareholder, but this whole business smells. The private investor/shareholder who doesnt trade long and short aggressively will ask him and herself, is it worth the risk anymore? Then capitalism really does start to die and The Marx Brothers will gain their platform with their very hard Socialist mandate. Cheers
Posted at 08/4/2019 19:19 by ltcm1
I suppose it would make sense to give Ashley until close of business on Friday to come up with an offer. That way the board will be seen to be doing the right thing. So robot may well be right about Debs trading on for the meantime.

Ashley spent months telling all and sundry how he could run Debs so much better than the board of directors but when the opportunity came Mike couldn't get his shares in the right name so couldn't even organise an EGM.

Then when the board asked to see the £150m he was promising he went all coy and started talking about lie detectors.

Tell you what, I'd LOVE IT if Mike took a lie detector test about whether he was really going to bid 5p a share and take over Debebhams. Now that would be a test worth seeing.

It's like the time when he turned up at Newcastle and told them he could take the Toon to the next level. Well he did that alright, only it was relegation and the championship.

Personally I feel Debenhams and the general public have had a lucky escape, Ashley would have turned Debenhams into a House of Horrors.
Posted at 07/4/2019 14:57 by icac
SPD holds 30m debs shares, if debs were to be handed over to creditors then SPD share price would also tank and lose huge value in SPD market cap itself.

Debs hardball wording in each RNS is to push MA to splash more cash out.. at the end theres only one outcome, MA has to do anything to take control and also preventing SPD market cap from tanking..

DYOR.. the share price of debs will be over 3p sometime this week. If SPD did not own 30% of debs then MA would have waited to pick this up from admin..

👍👍
Posted at 06/4/2019 15:20 by debsdowner
Breaking news Mike Ashley threatens legal action if the company doesn't make him CEO then he would back funding:



Guardian



FT:



Ashley ramps up legal threats as Debenhams deadline looms

"Sports Direct founder has until April 8 to make formal bid for store chain Mike Ashley has engaged in increasingly hostile rhetoric with Debenhams as the store group pursues rescue financing Mike Ashley, the billionaire founder of Sports Direct, has stepped up threats to take legal action against individual directors at Debenhams as the prospect of him participating in a rescue of the struggling department store group recedes.

A letter dated April 4 from Sports Direct to the Debenhams board, seen by the Financial Times, repeated the view that “the directors have not acted in the best interests of the company or to promote its success” and alleged they could be in breach of various duties as outlined in the UK’s Companies Act.

It requested that Debenhams provide documentation relating to refinancing proposals including minutes of meetings that covered Sports Direct’s various offers of financial assistance.

These would “allow Sports Direct proper opportunity to assess . . . whether there are good grounds for bringing a derivative claim against some or all of the members (or former members) of the board, and on what grounds,” the letter said.Mr Ashley and his team have engaged in increasingly hostile communication with Debenhams as the department store group has tried to push through a rescue refinancing that Sports Direct, its largest shareholder, opposes.

He has on several occasions warned Debenhams’ directors that he could pursue legal action against them for breaches of fiduciary duty. Last month, Sports Direct’s deputy finance director Chris Wootton pledged to “leave no stone unturned in pursuing those responsible for this long-planned theft”, a reference to the financial restructuring that will most likely lead to Debenhams’ lenders taking control of the group via a “pre-pack” administration.

The talk of legal action comes as Mr Ashley’s capacity to influence events at Debenhams wanes. The company has set a deadline of April 8 for Sports Direct to state that it will either launch a takeover bid or confirm that it will underwrite a rights issue.Sports Direct has protested that it has not been provided with sufficient financial information or time, and said the urgency was at odds with statements earlier in the year that Debenhams would need to refinance within 12 months. “I would give him a 1 per cent chance of success [of preventing a pre-pack administration],” said one restructuring adviser. “The bar has been set so high by the creditors.

”Mr Ashley’s problem is that a full takeover bid would trigger change of control clauses in Debenhams’ bank and bond debt, potentially requiring him to refinance more than £500m of borrowings — equivalent to a doubling of Sports Direct’s existing net debt. The other alternative proposed by Debenhams — Sports Direct underwriting a £200m rights issue — could lead to an even more expensive outcome, depending on how many other investors take up their shares. A fundraising at Debenhams’ current share price of 2p would require the issue of 10bn new shares. In that scenario, just maintaining its equity stake at the current 29 per cent level would cost Sports Direct almost as much as buying the remainder of the existing shares at 5p each, as it indicated it might do.Debenhams’ share price, which had spiked as high as 5p per share after Sports Direct indicated that it was considering a bid for the remaining equity, is now back at 2p. Sports Direct’s own share price is little changed.

The department store chain previously stated that it would not provide a response to an earlier request for information about the proposed refinancing from Sports Direct “if it is framed in the context of contemplated litigation”. Debenhams declined to comment on the latest correspondence."
Posted at 05/4/2019 18:06 by pwhite73
Forget about the bid. Any bid is meaningless. What the board are requesting is that MA puts up £700m of cash to clear the debts and provide long term working capital. He has until midnight 7th April 2019. If he doesn't come 07:00 8th April 2019 the shares will be suspended and DEB files for administration. If DEB does not file for administration MA has enough shares and shareholder support to call an EGM sack the existing board and install himself as CEO without spending a single penny.If MA is really after DEB his best bet is to wait for administration and bid for DEB then.In administration the court does not just look at the creditors but who is best placed to protect jobs and all stake holders. MA already having a record rescuing destressed retailers stands a good chance of being the new owner.
Posted at 04/4/2019 08:41 by bricktycoon
RNS tomorrow, then tomorrow again is but a fallacy created by people with short positions running.Mike Ashley has until the 8th April to bid so I have that as including tomorrow, the whole weekend and including Monday itself and it can be done at any time of the day. He would just have to notify the board of a tabled bid and the terms.Just on another deramping ploy - debt. All companies have debts. Sports Direct havemany millions so that will not put Mike Ashley off. What it means is that he doesn't need to stump up £200M from his own war chest. Remember what was said, the bondholder process and outcome was a "waveable" condition.Debenhams will still be trading all next week and for the foreseable future as will the share priceOne thing is for sure, a reducing share price will imo only make it more appealing to him to bid and if he gets an opening shot at 4p instead of 5p then he will be happy. Mike Ashley will not be wishing to see £150M of Sports Direct money flushed down the drain and his intent for me is apparent with him recently having increasing the stake in Debenhams to 29.90%. The guy plays to win.Just imo buy buy buy skyrocket time
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