Debenhams Share Discussion Threads

[hpcg] 04/3/2018 23:25

All on very long leases - the longest of any retailer. Upward only reviews. Signed up by PE because they know that future liabilities are less visible than current profits. The short thesis risk is certainly around some sort of lease renegotiation, the long risk is that operational gearing is on the cusp of going bad, and it has debt. It needs HoF to go belly up first.

[diku] 03/3/2018 22:44

Do they have any freehold properties or all leasehold on rental...

[ltcm1] 03/3/2018 22:02

Hpcg I can make a bull case here. Debs do still make some money and the board have done a good job in the circumstances. They do get a lot of people in on the ground floor for make up. The online business isn't bad. They have some very good store positions.

I just feel the bad news is in the price now and they may end up getting together with another retailer.

Perhaps the landlords may get to the point where they will have to accept less rent.

I don't know but just have a gut feeling they will find a way to survive.

[ignoble] 03/3/2018 20:47

Guess when you think about it , for too many years , the big retailers have taken their customers for granted and not realised there was a shopping revolution happening in front of their eyes.
Loyalty from the public has long gone , price mostly decides where we spend our hard earned dosh.

[owenski] 03/3/2018 20:25

Or buy some bandages and a mop.

[qantas] 03/3/2018 18:21

when there's blood on the floor buy shares...

[hpcg] 03/3/2018 13:32

On Friday Schroders announced down from 17 to 11, Sports Direct from 23% to 29.7% of which 2% are options. Ashsley looks like the buyer of last resort.

[ltcm1] 03/3/2018 12:41

Ashley wants to do a Philip Green I reckon. He is selling Newcastle, he will move to Monaco and start the dividend extraction machine.

I don't see this holding being good for the future of Debenhams.

[owenski] 03/3/2018 11:36

I'd guess they'll have another poor performance quarter based on Jan. weather footfall issues.

[diku] 03/3/2018 09:28

Now where is that re set button on the debt clock?...

[zcaprd7] 03/3/2018 02:29

So much debt?http://www.bbc.com/news/uk-politics-43254809

[ignoble] 02/3/2018 22:52

As for Brexit ...the one unknown that
is never questioned is can the EU survive.
It is not without its own problems

[ignoble] 02/3/2018 22:45

U.K. seems to be in a depression albeit a psychological one.
So much debt be that Government , Corporate or personal.
For the Public , everything is going up in price be that TV License , Council Tax , Car Insurance ...the list goes on.
Businesses going bust everytime you read the News
All rather depressing and not confidence
inspiring
Answers ? I have none

[sum493] 02/3/2018 22:34

it seems UK retail is in dire straits but its not just UK retail - even most UK utility companies seem to be in crisis while any company that gives the slightest hint of a profit warning is punished without mercy by the market - I can't believe the UK economy is faring so well given so many companies I follow are issuing warnings. To me it seems the whole problem is BREXIT and all the unncertainty around it which is undermining people's confidence in the UK economy. People who were looking to invest or re-relocate their business in Britain have stalled or changed their minds and this is putting additional pressure on the UK economy. Meanwhile people who live in the UK are reducing their spending in retail...

[qantas] 02/3/2018 21:21

However, analysts at Investec noted that “what we find surprising is that it is not necessary to buy a 29.7 per cent stake in a company to form a ‘strategicR17; partnership”.

[qantas] 02/3/2018 21:07

Sports retailer’s stake nears mandatory takeover offer level
Short sellers’ favorite Debenhams soars in London trading


Please do your own research....

[neilyb675] 02/3/2018 19:37

what is M Ashley current holding in percentage terms ?

[hpcg] 02/3/2018 18:58

I'm short here, and the lack of posting suggests not so much enthusiasm in PI world, but does anyone have a clue what Ashley is doing? All the indicators for the UK economy and the high street in particular are grim. Billionaires don't tend to make expensive errors. He hasn't shown any sign of making a bid, which to me means he thinks he can get it cheaper. I'm perplexed as next statement will surely be written in red ink. I'm interested in the bull case as I just can't see it.

[ignoble] 02/3/2018 18:12

Makes you wonder ...

[diku] 02/3/2018 18:02

Maybe for Schroders it was an easy way out...

[libertine] 02/3/2018 17:28

Schroders holding down 6.5% to 11.374%
So that`s where Sports Direct got their 6% increase from.

[ckafetz] 02/3/2018 15:42

NY Boy post 3955. You can't seriously still be having a dig at ST even though he has called it right?

[qantas] 02/3/2018 14:22

He may offer cash and shares in SPD...