Debenhams Share Discussion Threads

[debsdowner] 13/1/2019 21:48

If posters looked at my history they would have noted I indicated Debtenhams needed to close twice as many shops as they previously planned it shows poor management for not recognising that earlier.

No wonder Mike Ashley voted against re-election of Sir Cheshire and Sergio Bucher they have shown no business acumen whatsoever.

[debsdowner] 13/1/2019 21:40

Debtenhams set to close twice as many shops as previously announced with 10,000 job losses according to the Telegraph.

Now if this is correct which it probably is it cannot do this without a CVA and that would amount to little if any value for shareholders.

"A daring rescue attempt being drawn up to save Debenhams from going bust could cost more than 10,000 job losses, dealing the biggest blow to the high street since the collapse of BHS.

The Daily Telegraph understands that the chain has earmarked as many as 90 of its high street stores for closure, more than half the current total, as part of a radical turnaround plan.

Debenhams has 165 shops in the UK and Ireland, and 26,000 employees. It has said publicly that around 50 stores could be jettisoned but the board has quietly identified another 30 to 40 that could be offloaded as it seeks to focus on the most profitable ones."



All those posters who thought they had months to play the stock are wrong, I said a number of times the last week we are talking days not weeks before the market will hear news of an urgent financial restructure of the group.

I see further downside on the share price tomorrow 2 pence range or under soon.

Avoid, its not worth the risk the company has no proper leadership an urgent plan of action is underfoot to save the best stores.

[debsdowner] 13/1/2019 16:09

The truth hurts that is why the bears angry they are in denial.

A refusal to accept reality also causes depression and guilt.

The more guilty the holder fears for not selling their shares when they were told causes more depression and anger.

Its a viscous circle and difficult to break.

What holders need to do is come to a decision and blame themselves for making a bad mistake accept their foolish buying them move on.

Continuing to blame posters for the demise in the share price fall is failing to accept the real reason for the share price fall which is down to bad decisions by management.

That is where the blame really lies, poor financial acumen and ability to recognise what is really happening on the High Street.

Lord Wofson was ahead of the game with the NEXT directory thus NEXT not suffered like the other bricks and mortar stores.

[qantas] 13/1/2019 15:48

What doesn't kill you makes you stronger.

[owenski] 13/1/2019 15:45

Is that a euphemism for telling the truth, lol

[warik] 13/1/2019 15:31

No mate you may get fired at your work why suspended tomorrow!

[only who?] 13/1/2019 15:26

Suspended tomorrow?

[qantas] 13/1/2019 14:28

Crispin Odey who has a 7.21% papers do get it wrong says Debenhams is coming to an end.

You know why that is as he does not want to buy back his short.

Please do your own research as always.

[qantas] 13/1/2019 13:09

Billionaire Mike Ashley told Debenhams: Put me in charge now!

Please do your own research as always.

[debsdowner] 13/1/2019 13:09

According to the Mail Mike Ashley told Debtenhams "Put me in charge now!"

Seems Slick Mick an ex taxi driver and now a billionaire was also a rebel who supported the ambush....

"The other major shareholder to rebel was Dubai-based Milestone Resources. It is run by the wife of Micky Jagtiani, a former London taxi driver and now a billionaire who has previously been rumoured to want to buy the chain.

[qantas] 13/1/2019 13:08

MKS

Please do your own research as always.

[debsdowner] 13/1/2019 12:34

BBC article on winners and losers chart portrays Debtenhams in a bad way:

[debsdowner] 13/1/2019 12:27

Hi robot,

Hope you are keeping up with the latest Debtenhams soap opera while sitting in the sun.

Mike Ashley walking into the AGM and throwing a "hand grenade" certainly got the press talking.

The question is will there be a Knight in Shining Armour come to Debtenhams rescue to replace Sir Ian Cheshire?

One of the last Knights in Sir Philip Green who picked up British Home Stores
is now tarnished due to the pension deficit which had to be go into protection.

So he is out the round.

The next 24 hours is unlikely to end before more speculation form the press.

One rumour going round the Salvation Army are looking to convert some of the stores to hostels and a daily service in the towns with a Sally Army Band could help to revive the town centres.

[discodave4] 13/1/2019 12:13

Talking of neanderthals, right on cue Numpty Numpty appears.The sad thing is that people like Numpty have been fooled by people like Q.........how many have bought on the back of their lies and stupid ramping?.

[robot ic1] 13/1/2019 12:01

Good Afternoon Qantas, Debsdowner and all posters ,

23C today , sun cracking the flags .off for a swim to cool down .

Debenhams will be hammering up tomorrow .

Have a great day , guys and dolls .

[discodave4] 13/1/2019 12:01

Hi KnigelIt's the way of the world. Unfortunately too many on here believe this business is profitable and choose to stupidly ignore the facts. No profitable well run business would have lost 95% of its value over just 3 years.......the writing has been on the wall for a long long time, DEBS is a dinosaur cared for by neanderthals.

[niggle] 13/1/2019 11:19

Cavalier attitudes, conceit & naïveté - the gruesome twosome! Now how can trainer boy be allowed to stay as CEO when he has presided over the company’s worst performance in its entire history?

It doesn’t make sense - he can’t be voted off the board and remain CEO, so I expect he’ll resign next week. He’ll add his two years at Debs to his ever growing list of short appointments & move on.

What a shambles. I do hope that all of the financial information released to the market has been accurate.

Wouldn’t it be delicious if we found that the new FD was an Ashley plant ? Lol 😂 - better than a soap opera. I wonder why the old FD was replaced 🤔

[tomboyb] 13/1/2019 09:21

Its a race against time -

Ashley want DEBs without the debt ( Or most of it) -

And DEBs needs debt to equity conversion which will wipeout current shareholders -

Its not just the retail environment which is toxic at the moment but it is the worst seen in a long while -

hxxps://www.thetimes.co.uk/edition/business/landlords-braced-for-wave-of-store-closures-0fm0gskxx


Landlords braced for wave of store closures

Landlords are set for a fresh wave of pain after more than 20 struggling high street chains instructed Deloitte to assess whether they are eligible for debt restructuring in the past two months alone.

The accountancy giant is understood to be considering whether the chains, mainly fashion and homeware retailers, can use a company voluntary arrangement (CVA) to shut shops. CVAs allow distressed businesses to walk away from lease liabilities to keep trading, but they have been criticised for leaving landlords shouldering a disproportionate burden.

[sum493] 13/1/2019 09:19

can anyone post the full article here - I can't see it...

[diku] 13/1/2019 08:58

Good morning Q.... same onevery chat line...similar to below/above?...


Please do your own research as always.

[qantas] 13/1/2019 08:55

No point talking to the fake trolls same on every chat line what amazes me they are not even in the game just wind up artists.

No profit warning hammering up Monday.

Please do your own research as always.