Debenhams Share Discussion Threads

[niggle] 20/4/2017 12:50

Happy to be corrected. Insignificant and nowhere near 818m

[tintin82] 20/4/2017 12:45

Goodwill is in Next accounts. Go read.

[niggle] 20/4/2017 12:34

Like I said in February the company has way to much Goodwill. To start with a company can have Goodwill if it has:

1. Great profit margins
2. Future growth potential
3. A competitive advantage

Debenhams has non of the above so how can it carry 818.9m of Goodwill in it's balance sheet under intangible assets? Goodwill that has never been written down at all?

It also has

2.2m Licences and Trademarks - see how much they are worth if it went pop!
112m of internally generated software
29m of purchased software

Total 962m of intangibles.

So the book value is:

Assets 1208.9
Liabilities 1307.1
Deficit: 98.2m

Two brokers have downgraded the shares to 50p. Good luck to anyone holding. I expect more bad news.

Next's accounts 43m intangibles
M&S has 77m of Goodwill and 700m other intangibles but it has book value of over £6bn.

[essentialinvestor] 20/4/2017 12:11

Falling profitability says he is not clueless in this case, just IMV.

Or perhaps the dramatic fall in pre tax over 5 years should just be
brushed aside.

Pretend it is not happening.

[edmundshaw] 20/4/2017 12:06

Oh MISTER Market. Of course, we all know he is real! And also, if I recall Ben Graham right, a bit clueless...

[simon templar qc] 20/4/2017 12:03

libertime,

I hope I am not trying to influence investors, as I said earlier the market will make up its own mind, my thoughts are entirely my own the market will decide on its own accord.

So why do analysts and anyone else for that matter make comments as they do?

I suppose we all like to voice our opinion its all about free speech.

[essentialinvestor] 20/4/2017 11:56

Well my own take was the physical store expansion looked la la land stuff,
with increasing migration online, think that was the exact phrase I used, and lo and behold .. now store closures announced.

How robust are business plans the new physical stores are predicated on with
accelerating online migration.

[tintin82] 20/4/2017 11:16

Just my thoughts. For someone who proclaims no holding he has a very obvious emotional attachment to DEB. Maybe caught out with the Brexit fall here? Or on other retailers? Who knows. But sure as the sun will rise, Simon will post the JL weekly sales figures, lol.

[libertine] 20/4/2017 11:00

Simon

I presume you have no holding in Debenhams, so why do you feel the need to try to affect any investors.

Have you been hurt by Debs in the past?

In any case, I think you are mistaken if you feel you have influence over anyone.

You post far too frequently for anyone to take any real notice, and people do tend to just wade through constant drivel.

[essentialinvestor] 20/4/2017 10:40

Profitability still falling, you just need to look what they made on pre tax 4/5
ago.

[simon templar qc] 20/4/2017 10:39

You all make me laugh, you know very well Mr Market are investors or short sellers and they have decided.

I cannot influence all the shareholders in Debenhams my views will only affect a small number of investors.

The BBC and any other media report will have far more impact..

[edmundshaw] 20/4/2017 09:34

Simon the early traders/investors have taken some positions. The market doesnt decide anything, it doesnt have a brain - you do know it is not a real person?? But if you mean large investors, well give them a couple of days at least to make their minds up!

[essentialinvestor] 20/4/2017 09:18

Simon, did your alarm clock not go off on time ).

[simon templar qc] 20/4/2017 09:17

look come on guys the market has decided!

[sr2day] 20/4/2017 08:50

the share price will move as per the shorters,it looks like they are not ready to close their positions yet.

[tintin82] 20/4/2017 08:20

Simon last time you said you wouldn't comment further you were back with the daily retail update within days :) Let's face it, whatever the results were you would never be impressed. DEB is trading on a massive discount to book value, generates ridiculously amounts of cash, and has a brand that has stood the test of time.

[simon templar qc] 20/4/2017 08:11

Have only glanced quickly but not impressed.

Like for like sales growth of 0.5% and EBITDA down 6% in UK!!!

Gross margin down! Shows how competitive things are becoming.

John Lewis weekly sales yesterday up...



Good luck guys I will not make any further comments for time being the market will listen to what press have to say, my comments will make little difference to share price.

[tintin82] 20/4/2017 07:58

Good solid results and a very interesting visionary outlook for the future. So much for all the Brexit fear, and 'inflationary pressure' that a certain individual has been harping on about on here forever.

[edmundshaw] 20/4/2017 07:53

"Social shopping"? Sounds interesting. I like the sound of Sergio Bucher's strategy, which looks a good combination of vision and basic efficiency review. Of course the proof of the pudding (and the justification for his remuneration) will be in the delivery. Numbers adequate for the year, but it is the belief in future prospects that will drive the Debenhams share price back up.

[edmundshaw] 16/4/2017 17:55

20th April is results day for H1. Not long now...

[turbocharge] 13/4/2017 12:52

Plenty of small buys going on, I wonder why...

[libertine] 11/4/2017 17:38

Simon

Whilst your regular efforts to keep us all advised of the most depressing retail news is much appreciated, please feel free to take a day off now and again.

[simon templar qc] 11/4/2017 16:48

British Retail Consortium say sales fallen 1% in March..