Debenhams Share Discussion Threads

[simon templar qc] 26/10/2017 07:29

Two stores to shut in early 2018

[simon templar qc] 26/10/2017 07:29

Debenhams results highlights:

Reported profit £49m down 44.2%

Final dividend held at 2.4 pence

Exceptional charges of £36.2 million

Outlook statement:

"Uncertain trading environment
We are making good progress with implementing our new strategy, Debenhams Redesigned, and are pleased with the results from our initial trials against a background of rapid change in the business. There is a lot to do but the early signs from our activity to date confirm that we are moving in the right direction.
The environment remains uncertain and we face tough comparatives over peak. Nevertheless, we are well prepared for the important Christmas trading period and our diversified business model means that Debenhams is in good shape to withstand a more volatile market background. We believe our strategy will set Debenhams on course for a successful and profitable future."

[qantas] 25/10/2017 22:20

www.drapersonline.com/news/debenhams-debuts-in-australia/7027025.article

Debenhams debuts in Australia

[qantas] 25/10/2017 22:19

www.drapersonline.com/news/debenhams-debuts-in-australia/7027025.article


Debenhams debuts in Australia

[neilyb675] 25/10/2017 19:33

Final results - 26th October

Debenhams PLC [DEB]

[american idiot] 25/10/2017 17:13

Exactly QANTAS - 7.5% divi yield.

What is the market telling ya ?

Either the shareprice is seriously undervalued OR the divi is about to get the chop/reduced to yield a lower return.

Based on circumstances I tend to favour the latter.

[simon templar qc] 25/10/2017 17:10

Dividend unsustainable on falling like to like sales so say shorters too late now.

My forecasts:

-Like for like sales continue to weaken.

-Final dividend cut or passed.

-Warning of exceptional costs.

[qantas] 25/10/2017 15:21

Divi yield as 7.5%

Please do your own research.

[edmundshaw] 25/10/2017 14:48

Sports Direct increased its position slightly. But I don't think that says anything.

All these comments on the eve of results; we'll see who is commenting tomorrow, eh?

[qantas] 25/10/2017 14:34

TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Debenhams plc

2. Reason for the notification

An event changing the breakdown of voting rights

3. Full name of person(s) subject to the notification obligation:

Sports Direct International plc

(Which is controlled by MASH Holdings Limited which is controlled by Mike Ashley)

City and country of registered office: Shirebrook, UK

4. Full name of shareholder(s) (if different from 3):

N/A



5. Date on which the threshold was crossed or reached:

24th October 2017

6. Date on which issuer notified:

25th October 2017

7. Total positions of person(s) subject to the notification obligation

Resulting situation on the date on which threshold was crossed or reached:

Percentage of voting rights attached to shares: 11.59%

Percentage of voting rights through financial instruments: 9.61%

Total in percentage: 21.20%

[qantas] 25/10/2017 14:15

Simon not the saint will be gone Thursday as soon as they lose they are gone with the wind and moved onto the next target.

[stud-muffin] 25/10/2017 14:09

Templar

Consider you and your bashing thread filtered.

Hope you fry in the morning.

[simon templar qc] 25/10/2017 13:56

Todays news

"The danger for brands such as Debenhams may be falling into a sort of middle-ground. It is not as well regarded in terms of quality score among all respondents as John Lewis (40 compared to 61), but it is losing out in terms of value score – especially in the fashion space – to brands such TK Maxx (14 vs 16) and Matalan (17). Sharpening that key appeal, especially to a new generation of consumers is important in this regard."

[simon templar qc] 25/10/2017 13:50

Who dares wins.

[stud-muffin] 25/10/2017 13:41

Someone start a new thread please and filter Templar.

[qantas] 25/10/2017 13:37

Simon no the saint so sorry you lost your balls.

[simon templar qc] 25/10/2017 13:12

No balls at all I don't play with balls I just rely on up to date information.

Profits are bound to fall, divi is at great risk Debenhams will need money for xmas period.

If the divi is lopped or passed and outlook is weak the shares will fall sharply.

A possible downside of 10%-20%.

[qantas] 25/10/2017 12:24

Crystal balls again lets wait till the fat lady sings in the morning....

Please do your own research..

[simon templar qc] 25/10/2017 12:18

AM

You may be beaten by market makers if the results aren't good the mms will mark down on open.

[american idiot] 25/10/2017 12:08

Well, I am here and fully ready to jump on any negativity tomorrow.

At best a small relief rally on results which could have been worse.

Most likely a fall on steady results BUT with a very cautious outlook / profit warning.

I see 40p as an area most likely to be revisited soon.

Absolute no chance of any meaningful upside here anytime soon.

[simon templar qc] 25/10/2017 12:02

That nasty downturn doesn't look good don't say I didn't warn.

[stud-muffin] 25/10/2017 11:55

The form book says you will be wrong and shorters have been wrong before - Morrisons to name but one.

I see a Game like bounce tomorrow - hoping for 10-15% - shorters will need to expose themselves even further to avoid this getting beyond their control. Ultimately they will capitulate.

Templar you will be joining them - last day to buy back before your position deteriates still further.

[qantas] 25/10/2017 11:43

Simon not the saint
So sorry I don't agree with you.
Lots of big buys going thru today.

[simon templar qc] 25/10/2017 11:22

The shorts do not short for no reason, margins must be under pressure for Debenhams to seek a bigger discount from suppliers.

The market will be looking for like for like sales both previous to year end and also post end, the latter I expect weak. I say that because John Lewis weekly sales weak lately fashion down 6.9% last week.
Debenhams needs to think about lopping the dividend to preserve cash so it may reduce or pass dividend.

I see a possible 10% to 20% fall if the market doesn't like the numbers and outlook statement.