Debenhams Share Discussion Threads

[turbocharge] 05/6/2017 19:01

Full name of person(s) subject to the notification obligation Norges Bank
Date of the transaction 1 June 2017
Date on which issuer notified 2 June 2017

Holding now below 3%

37,410,380 ordinary shares previous to the Triggering Transaction
34,322,724 ordinary shares after the triggering transaction

Percentage of voting rights 2.80% (direct) 0% (indirect)

[turbocharge] 05/6/2017 14:35

I once had a jacket I wanted to put on, as I thought I would look striking and rise to the occasion. But I realised I was broke so had to sell it rather than put it on. This share price (sore point) can sometimes fall when I've had a drink.

[sr2day] 05/6/2017 14:08

if you are selling a put option,you are not necessarily expect the share price to rise,it means also you are prepared to buy the shares at a striking price and therefore cost less if you take into account the premium received when selling the put option.so if he sold a put option at 5p to acquire the shares at 50p,he is paying 45p if he is asked to execute the option which will be the case once the share price falls below 45p.

[ignoble] 05/6/2017 13:23

If you sell a put option , you are expecting the stock to rise

If you buy a put , you are expecting it to fall

Many strategies in the option world , straddles and goodness know what

Obviously the reverse is true

If you buy a call , you are hoping the stock will rise , if you sell a call you hope the stock does not rise and hopefully fall

Very complex strategies played out in the options market

DYOR etc.

[essentialinvestor] 05/6/2017 11:34

Pocket change for Mr Ashley to buy the entire company would imagine.

[niggle] 05/6/2017 11:20

Simon, it's a put option, not a punt. You can read about them here. Not being facetious btw :)

[edmundshaw] 05/6/2017 10:08

ST thanks for the link.

From the article it seems Ashley sold one or more put options to Goldman Sachs. Presumably he is happy with acquiring the shares at a lower price or alternatively just taking the premium, while GS is just taking the position that the shares are likely to go down so they expect to make a profit.

[simon templar qc] 03/6/2017 18:44

niggle, from what I have read they don't really know what his punt is, I think he has a mix of CFDs and punts. The original suggestion was the share needed to rise that was what they indicated his bet was. If you trawl through the news articles that was at least one of the media reports.

[niggle] 03/6/2017 15:27

It's a put option - if it falls he makes profit. Clever man. They have described it badly - If it rises above the strike price he will lose.

[simon templar qc] 03/6/2017 13:23

Don't forget ts a punt and at the moment he is taking a loss. That is my take.

More explanation here but its not the latest article...



If it goes up he makes a profit if it goes down it looks like he has to buy the shares, presumably at the higher exercise price.

I think he has called it wrong.

[ny boy] 03/6/2017 13:01

Mike Ashley will make his move in Q4

[niggle] 03/6/2017 11:48

Yes, that April figure was because Easter was later.

[diku] 02/6/2017 21:46

Notice how the price stayed within 52 - 54p good few months to sucker in buyers....then the rug is pulled..

[simon templar qc] 02/6/2017 19:11

Doubt it.

Debenhams rent in Barrow £440,000 a year and present lease while 2021.

www.nwemail.co.uk/news/barrow/Shops-housing-Debenhams-Body-Shop-and-WH-Smith-in-Barrow-sold-for-a-total-of-3m-05bcae00-13d6-4963-9533-083c833c8847-ds

Just an example if a store had to close and what the lease one store would cost the company.

Over a million quid, plus redundancy costs.

[turbocharge] 02/6/2017 17:13

Knowing my luck this will be above 50 on monday

[turbocharge] 02/6/2017 17:10

Hopefully I did the right thing selling with a loss of around 200. Not the easiest thing to do, selling at a loss. But in the past have sat on shares that are dropping in the hope they will pick up - generally hasn't worked.

Maybe I should throw in the towel and learn to survive on what I have...

[essentialinvestor] 02/6/2017 16:40

Worth watching Newsnight from yesterday with the shadow Chief Sec.to the Treasury
interviewed, very depressing indeed.

I've mentioned on the SHA board over a number of years there is growing resentment
amongst many younger voters, starting life with already huge debts.
My take was this would pose a growing problem to the TP, however saw it
impacting in the 2020's. This is at least partly what Corbyn has tapped in to.

There is usually a late switch back to the incumbent within the final 4/5 days
of a UK GE campaign, if polls are not reflecting that by next week, panic
beings to set in around Tuesday in my view.

[edmundshaw] 02/6/2017 16:29

That corporate tax raising is a chilling prospect. Corbyn is going to "create a million jobs" while upping the min wage 25% and upping the corporate tax rate 44%, trashing the stock market, international competitiveness and pensions in one fell swoop - how exactly?? Labour won't get elected again for at least another decade after the ensuing, but in the meantime... :-(

[edmundshaw] 02/6/2017 16:14

Demotion certainly causes buying and selling due to fund rules. However most funds are pretty canny as far as the timing is concerned, you cannot just trade the drop in confidence just after the drop these days. There would already be some pre-potential-drop positioning from the more active funds and even trackers. And some active funds may buy in earlier than you might think if they think the drop is likely to be temporary.

Interesting to see the selling after 2.30pm. Hmm...

[essentialinvestor] 02/6/2017 15:33

Forget the MCX, it's next Thursday that counts now.

If the TP lose their majority and it results in a LAB/SNP coalition,
the UK faces a major recession within months.

Labour breaking 40 on the Evening Standard poll today.

From memory Labour's corporation tax proposal represents the single largest tax raising
measure in the history of the UK.

[simon templar qc] 02/6/2017 15:20

Difficult call but as I mentioned yesterday a demotion could cause a sell trigger and the more it falls the more it falls. Not unknown for a 10% fall but its too late in the day but hey who knows.


edit;

Looks to me like quite a lot of stop losses being triggered!

[turbocharge] 02/6/2017 15:13

Maybe slide to around 44 before slowly recovering back up to the 50's. That's my guess...

Not in a straight line, obviously

[niggle] 02/6/2017 15:10

My guess is they'll plummet & get suspended

[turbocharge] 02/6/2017 15:06

Just bailed out at a loss

15:04:42 48.5226 5,555 O 48.53 48.57 Sell