Debenhams Share Discussion Threads

[fenners66] 21/1/2019 08:48

Is that HofF sales or like for like sales - after all if you close say 60% of the shops sales are going to be down.

I don't know how many (and what size stores) were closed - but I know some were.

[debsdowner] 21/1/2019 08:45

I don't think anyone should be surprised at the fall in HOF sales with all the disruption and doesn't necessarily mean MA cannot turn the company round.

In respect of the rumour Debtenhams aren't stocking up shelves that doesn't surprise me on bit.

On other news Righmove says housing stalled!

[comedy] 21/1/2019 08:40

lol at boys attacking share price trying to push it down???

catch up friday will who is the comedian by then???:)

[comedy] 21/1/2019 08:39

why would they be restocking if they arent selling anything???

and if they are selling why would the suppliers stop supplying???

if you are going to tell stories make them slightly believable???

plus if debs goes down most high streets will get knocked...so

hands up anyone who has actually worked 40years in retail??? il put mine up..

hands up anyone who is in retail??? il put my hands up

hands up anyone who has seen the town centre versus edge of town game played???il put my hands up::))

hip hip hurray

[only who?] 21/1/2019 08:28

Stopped because suppliers won't let them have any more stock?

[mikepompeyfan] 21/1/2019 08:15

Someone who works at a local Debenhams told me they've stopped restocking since Christmas. Doesn't sound good.

[niggle] 21/1/2019 08:11

Morning all

I suppose there is a glimmer of hope that the landlords will agree to renegotiate the leases. A choice between Debs going through a CVA and dumping them all together or extracting some value at a lower price. Thing is with them closing so many stores, the only way out is CVA/administration.

I don't see any other way out.

[knigel] 20/1/2019 22:14

From the Telegraph online tonight re HoF:
Sales at the department store have tumbled by 60pc over the 12 weeks to 18 December, according to figures by Kantar Worldpanel, seen by The Telegraph.

(and we thought the 4-5% decline in LFL sales at Debenhams were bad - obviously MA is not the messiah some think he is - although saving any chain has to be good news IF he keeps a fair number of stores open re HoF or HMV or maybe PV)

[owenski] 20/1/2019 19:26

Spob, indeed, always thought it a strange way to run a business, selling off it's assets, bit like a punter selling his home spending the cash and then realising he has to pay rent on it for the rest of his life and he's going to live for a very long time.
.............................

Too many shops in the highstreet still, they could close PatVal and HMV together and fit them inside DEB stores and still have room to spare.

[spob] 20/1/2019 19:15

Who in their right mind would ever sign up to an upwards only rent agreement ?

[spob] 20/1/2019 19:14

Supermarkets Tesco and Sainsbury's have sold and leased back a lot of stores in the past.

Would love to know what sort of rents they are paying on those stores and how they stack up against current market rents.

[debsdowner] 20/1/2019 19:10

Mile Ashley turning around the High Street his own way and may pull off more deals. The HMV deal will allow him to fill up some spare capacity.

[spob] 20/1/2019 19:03

Mike Ashley on the future of the high street - video

Watch the video inside the following article - link below

Talks about Debenhams.

Says the rents agreed in the past are simply too high. Debenhams are paying around 50% above current market rents.

[barvin] 20/1/2019 17:40

Kammi,

Not sure about what approval us needed for CVA. The article below says 75% then 50%, they definitely wouldn't get 75% and it will be a struggle at 50% too I think.

[debsdowner] 20/1/2019 16:33

Debtenhams is't the only company seeking to refinance Patisserie needs to do so urgently.



The banks wont let this run on much longer, with the world economy slowing they will want their money back.

Time is running out news could be imminent.

[kammi1] 20/1/2019 16:01

I would love for a a refinancing package that would reduce MA 30% holding by half.

[barvin] 20/1/2019 14:25

Looks like a plan is coming from Debenhams board, which may involve some heavy re-financing and maybe a CVA. Mike Ashley will be dead against this of course as he will want to buy this on the cheap with no debt, could a Debenhams board proposal get passed if we see the same style voting at the AGM?

[debsdowner] 20/1/2019 13:42

Sir Philp Green has about 100 shop leases coming up for renewal this year which will give him the option of renegotiating a downward rent or close stores.

His lease rents are approximately 10% of gross sales:

"According to its latest accounts, the group’s annual lease payments are £183 million on sales of £1.9 billion. It has more than 1,000 UK outlets, including stores and concessions, and employs more than 20,000 staff globally.
In 2018, retailers delivered more profit warnings than at any time in the past decade, in what was ‘an exceptionally tough year’, according to new research.
More than a third of general retailers listed on the London Stock Exchange said profits were dwindling faster than expected, with half blaming a slide in consumer confidence.
The 36 retail profit warnings in 2018 eclipsed even the troubled travel and leisure sector, with its 29 warnings. "

[debsdowner] 20/1/2019 13:30

Bloomberg says Debtenhams in talks with Landlords over reducing rents:



We already know that its a churning of news. However what they don't say is some of the prime sites are involved and as such a landlord will be reluctant to reduce rent on a prime site when the store is profitable.

Time is of the essence now its the weakest trading quarter now before the Spring and quarter rents due in March.

If they don't get an agreement soon and go down the CVA route its administration.

[robot ic1] 19/1/2019 17:52

Yes I was there and had stock in YELL / HIBU.
lost a large sum as well when HIBU finished .was on a learning curve then.

This one below from my history .Bad loss for me .

hibu plc Ordinary 1p Corporate Action 27/02/2014

I have taken my trade numbers out for security .

So here you go on here ,a bit of rough with the smooth happens sometimes .

[dark energy] 19/1/2019 17:07

Yes Freddie ferret, yell/hibu from 75p to your 0.1p :)

when D.E is in DA House, it's bad bad bad.