Debenhams Share Discussion Threads

[typo56] 19/4/2018 07:32

At least it's within the range!

[debsdowner] 19/4/2018 07:29

The board is thanking the CFO for store profits down 84%

Profit warning:

"Based on our current view of the second half of the financial year, FY2018 PBT is expected to be at the lower end of the current range of broker forecasts of £50m to £61m[1]"


They have already missed the lowest forecasts so the market will take these with a pinch of salt.

edit

Basic earnings per share 0.9p 5.8p (84.5%)

[qantas] 19/4/2018 07:28

Shorters still doomed to failure.

In profit not in loss.

27c today enjoy the weather and the short sales.

Please do your own research...

[hpcg] 19/4/2018 07:27

Ouch.I hope everyone has been doing their own research. LFL not down by much and GAAP profit nearly wiped out. Pretending that the money they are spending to revamp stores doesn't count when they have to spend it year after year to address their estate. Divy rebase no surprise though they still can't afford that given the movement in debt. Guiding at bottom end. Margin under pressure.

[orchestralis] 19/4/2018 07:25

Its not the cfos fault

[debsdowner] 19/4/2018 07:21

What faith can you have in Debenhams when the board thank the CFO for his contribution?

CEO Sergio Bucher commented:-

"I would like to thank Matt for his support since I joined the company and his key role in devising and implementing our Debenhams Redesigned strategy. His hard work and wise counsel have been very valuable during a period of significant change and I look forward to our continuing to work together in the coming months."

Sir Ian Cheshire, Chairman, commented:-

"On behalf of the Board, I would like to thank Matt for his significant contribution to Debenhams over the past three years. We wish him every success in the future."

[brwo349] 19/4/2018 07:21

I'd sum up these results as encouraging but could do better. On the right track.

[debsdowner] 19/4/2018 07:19

They haven't even got a CFO replacement and the current CFO has held positions at a number of companies in administration!

What a mess the man who is responsible for the awful results still there!!!

[debsdowner] 19/4/2018 07:16

Not surprised CFO quits the statement is grimmer than the grimmest expectations.

[debsdowner] 19/4/2018 07:14

Worse than the worst analysts expectations!

[typo56] 19/4/2018 07:13

Looks horrible, but is this any better or worse than expected?

Yesterday Peel Hunt expected pretax £44.7m.

And CFO quits!

[debsdowner] 19/4/2018 07:11

Grim results.

Highlights:

Underlying profit befortax* £42.2M (£ 87.8M) (51.9%)

Reported profit before tax £13.5M (£87.8) (84.6%)
Underlying EPS* (p) 2.8 5.8 (51.7%}

Dividend per share (p) 0.50p 1.025p (51.2%)

Net Debt 248.2 216.9 14.4%

Basic eps 0.9p

Store reported profits down 85% SAY BBC

[funkmasterp12] 19/4/2018 07:10

Well, it's not a warning. Sort of.

[leadersoffice] 19/4/2018 05:52

Not expecting great things from the results... where not going to see the share price take off but neither do I think it's going to plummet. All the bad news is priced in. I think it's a case of stopping the rot and coming up with new business initiatives. Divi is bound to be cut or stopped and would make good business sense to conserve cash. The CEO arrived 2016, he needs to earn his salary or he'll be heading for the exit. Fingers crossed.

[debsdowner] 18/4/2018 20:47

Pigs will fly.

[ckafetz] 18/4/2018 20:28

Shorts have made a load of money here. Let's hope tomorrow there are good results so longs can make a load too. I'll have my fingers crossed for Q's 45p break even point and Robs 70-80p break even

[niggle] 18/4/2018 19:11

1fox1

In your imagination - that's a very steep unbroken downtrend so please don't pretend you understand these things!

[1fox1] 18/4/2018 18:38

Too close to call but the chart says UP

[debsdowner] 18/4/2018 18:24

Fingers burnt!

The market makers take it up the market makers take it down.

All will be revealed, will it be the bears will it be the bulls win tomorrow?

[asturius101] 18/4/2018 17:01

fingers crossed!

[qantas] 18/4/2018 16:31

Debs market Closed.

Sleep well results in the morning...

Please do your own research.

[qantas] 18/4/2018 15:19

Debs the results are top secret you should know that?

Seven years locked away for insider dealing.



They will be post at 07:00 19APR18

Shorters are doomed to failure

Nervous Short hedge funds closing, they are also very slow and not reactive as they have to get the purchase authorised with cleared funds.





UK inflation falls to lowest in a year

Please do your own research.

[niggle] 18/4/2018 15:03

Debs, the guy is all but illiterate!

[debsdowner] 18/4/2018 14:58

Yes and I will be surprised if its a good statement.

Load up you bulls its going to be a sparkling day tomorrow.

Not!

[cantrememberthis2] 18/4/2018 14:44

Sometimes it takes a surprise...got 12.5k already in