Debenhams Share Discussion Threads

[debsdowner] 14/1/2019 10:40

over 17 million shares traded more stop losses will be triggered today at some stage particularly nearer US open.

Time for holders to just get shut and put it behind them, we all make bad decisions at times but they was a rotten decision to buy which I fortunately avoided.

[debsdowner] 14/1/2019 10:24

Even a CVA needs 75% approval from Landlords and in the meantime retail sales are still in decline so the company could still enter administration.

Niggle's predictions of under 2 pence are spot on and his is a sophisticated and astute investor.

I feel the 1 pence range is also likely as you also have the gamblers who are prepared to take a million to one risk.

[tim 3] 14/1/2019 10:24

Have thought this all along, without it they would have been in a much stronger position today.

[owenski] 14/1/2019 10:24

DEB bondholders being priced at 50p to the pound - shows where this is heading, ordinaries will get zero.

[debsdowner] 14/1/2019 10:14

New Look restructure shows how it can massively dilute shares:

BBC business LIve

8:50
New Look, new restructuring

"New Look has announced a restructuring plan of its £1.35bn of debt.
The retailer intends to reduce its debt to £350m and issue new shares worth around £150m.
The retailer is owned by South African investment firm Brait, controlled by business man Christo Wiese
But under the restructuring the company's bondholders will hold 72% of its shares.
In November it had said more than 120 New Look stores may close after it reported a 3.7% fall in sales for the 26 weeks to 22 September.
Creditors had approved a restructuring in March under which it could cut rents on stores by between 15% to 55%"

[qantas] 14/1/2019 09:47

Sales growth picked pace over Christmas at JD Sports Fashion, with the retailer also encouraged by the performance in the US as it integrates its Finish Line acquisition. Total like for like sales growth in the Sports Fashion for the 48 weeks to 5 January topped 5%, up from 4% in the first half of the year, while gross profit margins were maintained at prior year levels.

Please do your own research.

[qantas] 14/1/2019 09:44

Strategic priority update

· After a slow start to the season, group digital sales rose 6.0% in the 6 week period over peak against a strong comparative performance, delivering two year growth of over 20%. This was supported by improved mobile conversion and customer experience.

· New Beauty strategy drove more choice and digital innovation supporting growth in market share in skincare[2] to mitigate decline in premium make-up market.

· Revitalised product has driven improved market share in womenswear[3]; and differentiated gift offer delivered an improved margin performance over peak, with food sales also delivering overall growth of 2% in the 18 weeks.

· Nine stores trading in new design format have outperformed the core chain, with the strongest LFL uplift being seen at Stevenage.

· Previously announced cost savings of an annualised £50m, rising to at least £80m taking into account additional opportunities identified.
Please do your own research as always.

[qantas] 14/1/2019 09:42

We continue to generate cash, with net debt as at 5 January of £286m, within the context of our total committed debt facilities of £520m.

Please do your own research as always.

[niggle] 14/1/2019 09:40

Lowest ever price - announcement must be due - Trainer boy has to go IMHO. My 2p target is just over the horizon.

[qantas] 14/1/2019 09:39

Poor old Debsdowner alias Odey doomed to failure.

Please do your own research as always.

[debsdowner] 14/1/2019 09:22

Footfaall on High Street declined 6.75 last week and more important -1.8% YOY..

[tenapen] 14/1/2019 09:21

Managements job is to be optimistic !.

Unles your company is Ratners.

[owenski] 14/1/2019 09:03

165 stores, I doubt very much that if DEB's get rescued that it could support 65 stores. They'll be closing far more than the 50 stated stores, the management have always been optimistic to the point of delusional.

[qantas] 14/1/2019 08:33

5 milion sold and 2 million purchased

That says it all price hammering up.

Please do your own research as always.

[debsdowner] 14/1/2019 08:30

Over 7 million shares traded quite heavy volume as shares start to get dumped.

[qantas] 14/1/2019 08:30

Debsdowner you are doomed.

Find something's new perhaps John Lewis need you.

Please do your own research as always.

[qantas] 14/1/2019 08:26

JD sports results up 5%

Shorts doomed to failure.

Please do your own research as always.

[diku] 14/1/2019 08:24

Good morning Q...are we there yet?...the Moon!...

[debsdowner] 14/1/2019 08:09

Hammering down after market makers try to suck a few punters in bad day expected.

[qantas] 14/1/2019 08:04

Hammering up such a good day.

Please do your own research as always.

[debsdowner] 14/1/2019 07:21

These are the most important comments:

"The article describes it as a "daring rescue attempt" to prevent the retailer from going bust."

So without an agreement to close about 90 stores which clearly would involve a cash raise to pay bank debt down and wipe out most the present shareholder value the company would go bust and enter administration.

Its a no win for shareholders a CVA which needs 75% of landlord approval or administration.

Niggle and I have been right all along, I thank niggle for supporting me and owenski as well both have posted good financial facts outlaying the problems Debtenhams face.

[debsdowner] 14/1/2019 07:14

BBC business live
6:26
Debs rescue plan could cost 10,000 jobs - report

The Daily Telegraph reports that Debenhams is considering a plan to shut another 30 or 40 of its stores, which would put more than 10,000 jobs at risk.
The closures would be in addition to the 50 already announced.

The article describes it as a "daring rescue attempt" to prevent the retailer from going bust.

At the moment the chain has 165 stores.

The paper reports that almost 90% of the firm's profits come from between 80 to 90 of its shops.
But chief executive Sergio Bucher faces formidable hurdles to get the rescue plan through, the article says.
It's not clear that Mike Ashley, who holds a 30% stake in the firm would support it.