Debenhams Share Discussion Threads

[simon templar qc] 30/10/2017 16:47

Heavy selling in last hour of trade, finished just short of 6% fall at end of trading day.

[creddy] 30/10/2017 16:43

ridden the mining stocks past year and a half. will sit on cash till next opportunity presents itself. DEB is not it. fortunately I didn't take a punt. dyor. always.

[owenski] 30/10/2017 14:52

Never worth buying for the divi when one loses that on capital losses

[qantas] 30/10/2017 13:17

Simon not the saint Templar.

That is a bit short sighted of them as they now have to buy them back.

t was a deal that Mr Ashley could not refuse because of an options contract Sports Direct entered into with its then broker Goldman Sachs in 2015, when the retailer was trying to persuade Debenhams to open more of its sportswear concessions.

Sports Direct is committed to buying 10.5 per cent of Debenhams’ shares in 10 transactions during October and November. The price, which was agreed more than two years ago, has not been disclosed.

hxxps://www.retail-week.com/sectors/department-stores/debenhams-shares-may-prove-costly-for-sports-direct/7027112.article

Debenhams shares may prove costly for Sports Direct

Please do your own research.

[simon templar qc] 30/10/2017 12:49

QANTAS failed to post this link:



"Goldman Sachs Group Inc lowered its holding in UK general retailer Debenhams PLC to a nominal direct interest days before it released its poor set of annual results on Thursday.
Having only held 0.54% of the company prior, Goldman Sachs sold off nearly all of its holding on Tuesday, two days before the annual results were published. Goldman Sachs now has a direct stake of only 0.02%.
Debenhams shares dropped as much as 2.7% on Thursday down to an intraday low of 44.75 pence before clawing back some of the losses to end the day down just 0.5% at 45.75 pence. On Friday, Debenhams recovered that in full, trading up 1.1% at 46.25 pence.
The annual results for the year to September 2 showed a dogged year for the retailer, with pretax profit plummeting 42% to GBP59 million after being dragged down by restructuring costs including redundancy payments and impairments of property as a result of a lower anticipated future performance."

[qantas] 30/10/2017 09:42

owenski have a nice day love your input...

[qantas] 30/10/2017 09:30

So kind of you to give warnings but.....

Shorters are at 12.48% or 160,600,549 shares

And

Sports Direct is committed to buying 10.5 per cent or 135,120,655 of Debenhams’ shares in 10 transactions during October and November. The price, which was agreed more than two years ago, has not been disclosed.

Please do you own research....

[1fox1] 30/10/2017 09:27

Handbags at dawn soon you two :o)

[libertine] 30/10/2017 09:26

Sports Direct International plc

Put Option Agreement with Goldman Sachs International over ordinary shares
(disclosed on 23 January 2015 and 12 May 2016)

Expiry Dates

24 Oct 2017

27 Oct 2017

1 Nov 2017

6 Nov 2017

9 Nov 2017

14 Nov 2017

17 Nov 2017

22 Nov 2017

27 Nov 2017

30 Nov 2017


Total 128,927,113 shares 10.50%

Settlement - physical

[american idiot] 30/10/2017 09:02

The fall back down to 40p has begun.

You have all been warned !

[parazaradox] 29/10/2017 23:02

watching closely here now

[terminated] 29/10/2017 22:19

Again it is worth pointing out Ashly took out PUT options. If he took them out at 80p and they are now 47p he pockets the difference (43p for each share) if he agree to exercise the option (and he would be mad if he didn't). What I'm not sure about is whether he can just pocket the money without buying them or whether the investment bank needs to acquire the share to cover them. If the latter the shares need to be purchased at market value and this should cause a spike in the share price.

[qantas] 29/10/2017 19:13

Simon not the saint I did not say that and I am not going to lower myself to your level.

[simon templar qc] 29/10/2017 18:59

QANTAS,

Isn't it time to go take your dog for a walk with your "poop scoop" in preparation for Debenhams Gym, where you seem not to mind training with dog poo?

You said it, I am just reminding you of it.

[qantas] 29/10/2017 18:47

Simon not the saint you are one desperate man such a shame clutching at straws.
Please do your own research.

[simon templar qc] 29/10/2017 17:51

Retail sales in Ireland slump...

[justiceforthemany] 29/10/2017 17:46

65.9P PER SHARE

FT TODAY
Sports Direct is committed to buying 10.5 per cent of Debenhams£ shares in 10 transactions during October and November. The price, which was agreed more than two years ago, has not been disclosed.

However, Sports Direct warned in 2015 that it could be forced to pay more than the market price for Debenhams shares when the options matured. It said its maximum exposure, net of fees it was receiving from Goldman, was £85m, which equates to 65.9p per Debenhams share.

CEO Bucher on Ashley
'[He] is a very smart investor and he sees value in our shares, Mr Bucher said. He sees the upside.'

[justiceforthemany] 29/10/2017 17:45

Like I said last week even a low P/E rating of 10 equates to 64p

[simon templar qc] 29/10/2017 17:37

Retail sales "Dive Bomb" admits Retail Gazette!



The wording from their own body conflicts entirely with any views the retail High St is worth investing in at the moment never mind a punt.

The wording could not be more stark, it creates an image of impending disaster and retailers set to be obliterated.

Debenhams cannot even get out their long leases, they are stuck against the wall.

Little wonder QANTAS is desperate to look for any glint of light the sirens are sounding its time to put the shutters up!

[qantas] 29/10/2017 08:20

Simon not the saint Templar shorters going to get a rough ride win the shorts not closed as yet.

www.ft.com/content/f4f8a372-ba6c-11e7-9bfb-4a9c83ffa852

“[He] is a very smart investor and he sees value in our shares,” Mr Bucher said. “He sees the upside.”

3 HOURS AGO by Mark Vandevelde
Sports Direct, the retail empire controlled by its billionaire founder Mike Ashley, bought shares in rival retailer Debenhams last Monday — and apparently paid considerably more than they are worth.

It was a deal that Mr Ashley could not refuse because of an options contract Sports Direct entered into with its then broker Goldman Sachs in 2015, when the retailer was trying to persuade Debenhams to open more of its sportswear concessions. 

Sports Direct is committed to buying 10.5 per cent of Debenhams’ shares in 10 transactions during October and November. The price, which was agreed more than two years ago, has not been disclosed.


However, Sports Direct warned in 2015 that it could be forced to pay more than the market price for Debenhams shares when the options matured. It said its maximum exposure, net of fees it was receiving from Goldman, was £85m, which equates to 65.9p per Debenhams share.

That is 43 per cent higher than Debenhams shares were trading on Friday, suggesting that Sports Direct could be paying £25m more for its stake than the £59m it is now worth. The final amount will depend on contractual terms that have not been disclosed.

Sports Direct and Goldman declined to comment on the trades. Sports Direct said it had appointed Liam Rowley, a former equity research analyst, to conduct “a thorough review of all current strategic stakes”.


Lombard: Ashley sets Deb’s floor
Mr Ashley’s company eventually opened nine concessions in Debenhams stores. Executives at the department store say the initiative was experimental and unrelated to Mr Ashley’s share trades, which took place after the first openings. Others briefed on the conversations argue that his economic interest helped concentrate minds.

The experiment was not an unalloyed success. “What you’ve seen is that if you put a standard Sports Direct in, that’s probably not the right opportunity for us,” says Debenhams’ chairman Sir Ian Cheshire. Four of the concessions are due to close by the spring.

Debenhams on Thursday unveiled a 44 per cent decline in pre-tax profit, dragged down by store writedowns and restructuring costs, while chief executive Sergio Bucher warned of volatile trading conditions that had deteriorated in the second half of the year.

Because Sports Direct is acquiring shares to replace options contracts that are lapsing, the sportswear chain’s economic exposure to Debenhams will remain unchanged, and Mr Bucher said he was looking forward to discussions with Mr Ashley.

“[He] is a very smart investor and he sees value in our shares,” Mr Bucher said. “He sees the upside.”

Please do your own research.

[qantas] 28/10/2017 21:57

A bit like your dog poo story.

[owenski] 28/10/2017 21:23

There was a Beales near me, always amazed me that it kept going... and then it didn't