Debenhams Share Discussion Threads

[justiceforthemany] 14/11/2017 15:38

Debenhams stores apparently doing very well in the run up to Xmas. CEO confident. Final dividend alone yielding >6%. Prospect of a bid remains e.g. Ashley. Trading at half the book price of 75p. P/E of just 6 is ridiculous and that for a global retailer with newly opened stores in Australia.

[ltcm1] 14/11/2017 14:58

Perhaps these sales falls is an adjustment caused by the ever bigger Black Friday thing and shoppers are simply changing their spending patterns.

I have a gut feeling this will still turn out to be a decent Christmas for retailers, even if it is on the credit card.

Debs is not dead yet!!!

[simon templar qc] 14/11/2017 14:22

Edmund the rise of 0.7% over 15 weeks isn't a like for like rise as store space has increased since last year!

Just thought I would point that out as you have failed to state that!

I would suggest the more important thing at present is a fall lately in sales prior to Christmas!

It must be a concern.

I would hate to think anyone would lose their money on false prospects for the group.

[edmundshaw] 14/11/2017 14:15

Wow. Thank you for selecting the most important number for us there Simon, we might have missed it among all the other numbers (including several rises).

Obviously, now you point it out, the last week being down 3.2% in fashion is more important than the rise of 0.7% over 15 weeks including an unusually warm Autumn, or the rise from 2 years ago of 5.0%.

Of course the whole partnership is also up more than that thanks to Waitrose. The "squeezed" consumer is still buying quality food then...

Actually, looking at the yearly graph, the most important period is not last week or this week or next, but the six after that. I look forward to your next update in seven weeks' time...

[simon templar qc] 14/11/2017 13:46

John Lewis sales down again last week by -3.2%



Fashion down 4.2%

The fall in JL retail has gone on for weeks, bear in mind JL has increased shelf space by the new stores.

[kazoom] 14/11/2017 11:19

Ahh yes good old "Queens And Nymphos Trained As Stewards"

(Is that a little politically incorrect?)

[qantas] 14/11/2017 11:08

owenski you have been missing me.

Regret no U in QANTAS it is a acronym.

[terminated] 14/11/2017 09:03

Imparting a negative viewpoint is fine, taunting people is gloating.I can see these under 35p over the Xmas period purely on sentiment, even though it must increase the chance of a bid.

[turbocharge] 13/11/2017 18:51

Ok owenski, I understand to some extent where you're coming from

[creddy] 13/11/2017 18:47

high st (retail) in freefall people. www is where its at. IMO. DDYOR.

[turbocharge] 13/11/2017 16:58

Doesn't reflect on them very well when somebody seems to be full of glee over people losing money. I think we've all been there when we find the shares we hold are not doing so well. A bit of empathy and kind words would not be such a bad thing. By all means keep giving sensible and reasoned views on what's happening with DEB, but not at the expense of gloating over other peoples losses.

[simon templar qc] 13/11/2017 16:35

Have just had to reduce my target price in header to 30-35 pence now its broken support.


edit:

Also Blackrock increased their short position.

[niggle] 13/11/2017 16:29

You could be right - it's looking dire now - under 40p again.This could quickly fall to 30p

[simon templar qc] 13/11/2017 16:04

I don't think so all it will prove imo is the company is a far worse situation and they need to preserve cash.

I happen to think the company proposed the dividend in the hope the share price would bounce and if the company had a bad Christmas do a placing.

A heavy gamble.

[1fox1] 13/11/2017 15:26

ST Why the big red writing? A little on the sensational side don't ya think? Kind of dilutes your point. Everything you have said over the last six months is being pointed out in the share price. This in turn proves your point so no need for the dramatics.

[simon templar qc] 13/11/2017 15:19

This wont help...



Debenhams shares got a lead weight on them.

[simon templar qc] 13/11/2017 14:31

What investors don't realise is the company can cancel its dividend if they wanted to,

[simon templar qc] 13/11/2017 14:28

Support now gone, with retail sales figures out this week retailers will get hammered.