Debenhams Share Discussion Threads

[qantas] 11/8/2018 14:36

Range Rover Disco you are the one living in fantasy world total.

Shorts so doomed to failure.




Please do your own research.

[discodave4] 11/8/2018 11:53

KnigelThink you are slipping into the Q and R fantasy world!.Okay, how much do you reckon SPD would have to pay for the remaining 70%?, and how will this be funded?.Curious, which retailer do you work for, no problem if you would sooner not say.DD

[knigel] 11/8/2018 11:37

DiscoDave4, I am not pretending the debt situation is dire for Debenhams - selling some of the assets will help .. but the rent situation needs a longer term solution.. He hasn't sold his 30% holding (yet) so he is obviously keeping all his options open.
Personally if I was him - I would consider buying Debenhams .. merge it with HoF - then sell/close a third of the combined stores (the stores making the biggest losses).. convert some into Sports Direct .. and speed up the online operation .. even then he will need the high street to improve .. the proposed Amazon tax will only work if there is a reduction in business rates at the same time

[discodave4] 11/8/2018 11:36

One other point to make, SPD net debt has doubled to £397m on revenue growth of 3.5%..........why would SPD want to take on a further £320m of debt?, no chance!.

[qantas] 11/8/2018 10:15

robot just ignore them, that is why Ashley is a billionaire and they are not.

Big money in football sports and gyms and House of Ashley.







Please do your own research.

[knigel] 11/8/2018 09:58

Robot, you can lose a billion if you are not careful - obviously it will take a bit longer! The Sunday Times rich list shows significant movements every year. MA is obviously someone who enjoys high risk - I am delighted that 17,000 jobs have been saved but let's not pretend HoF future is fully secured. Losses cannot go on forever..

[ltcm1] 11/8/2018 09:56

Robot this simply isn't the case. It's well known Ashley is short of money and has been trying unsuccessfully to sell Newcastle United for nearly a year now.

Anyway he hasn't bought HoF, it was Sports Direct.

No one will take you seriously as you don't even know the basics of business.

[robot ic1] 10/8/2018 21:04

🤖

Quantas , Did the immature childish name calling immature doomsayers not do maths before they left for the summer holidays this year.
Children when you grow up make sure you do your school work sums properly .

Do the doomsayers know how much a billion is.
It is a 1000 x million is a billion .
Mike Ashley is worth more than 1.5 towards 2 billion .
This is why he will not run out of money.
He can afford many of House of Frasers.

Well done Mike Ashley

Well done Debenhams

Aways do your own research .

[debsdowner] 10/8/2018 19:52

KNIGEL

Have you read the "Rise and Fall of The Roman Empire".

That is part of the answer.

[debsdowner] 10/8/2018 19:50

Financial Times report:

Nick Bub retail analyst said below:

Investors also wondered about the implications for Debenhams, another struggling department store group. So far, Mr Ashley’s 29.9 per cent stake in Debenhams has generated an £85m impairment and very little in the way of co-operation. Like House of Fraser, it has too much space on long and inflexible leases.Clive Black, an analyst at Shore Capital, said it was conceivable that Mr Ashley may eventually attempt to combine the two in some way. According to the Local Data Company, there are 31 towns in the UK that have a branch of each, providing an obvious way to reduce high street over-capacity.

Mr Bubb said that buying the rest of Debenhams would be “throwing good money after bad”. It will take money, time and commitment to prove that buying House of Fraser was not a similarly risky act.

[knigel] 10/8/2018 19:42

DiscoDave4, so why did he acquire 30% of Debenhams tjen?

[debsdowner] 10/8/2018 19:39

Interesting article on the HOF deal here:

[debsdowner] 10/8/2018 19:30

Interesting comments from a retail expert on CH 4 just finished:

The expert said MA's vision to make HOF Harrods of the High Street not going to be easy, Selfridges and Harrods supplies the rich and we all know that is mainly London. She said Harrods hasn't always made money and that is correct.

Mile Ashley is a stack it high sell it cheap he has no record of running a top department store portfolio.

All what will happen in the short to medium term is competition continue HOF been given a lifeline for the time being.

Debenhams is a completely different proposition, stuck with long leases I suspect Bucher was half hoping HOF would have closed shop today!


Seems Andy Street who was head of John Lewis stores want to talk to MA to save one of HOF stores.


John Lewis is upping the game revamping its stores seems Debs is way behind the curve now.


I think things will deteriorate further at Debs and another profit warning within weeks.

[discodave4] 10/8/2018 19:16

Deb will never get a CVA IMO.Why would fat Mike want DEB?....he may pick the bones once it's buried but that's it.

[niggle] 10/8/2018 19:09

QANTAS - 15

That's 15 posts today of the same repeated warm diarrhoea.

No doubt there will be some more after this.

[diku] 10/8/2018 18:56

Q....jasper kreppers buying today?...

[debsdowner] 10/8/2018 18:55

Q,

Mike Ashley lost £300 million in the financial crisis he doesn't get everything right.

But whatever he does will affect Debs.

[qantas] 10/8/2018 18:47

debsdowner better to have some quality around good for Ashley that is why he is a billionaire.

Shorts doomed to failure.

Shorts closing.



Please do your own research.

[debsdowner] 10/8/2018 18:35

MA:

"My ambition is to transform House of Fraser into Harrods of the High Street," he said, indicating a move upmarket.



We will see but tough for Debenhams!

[ltcm1] 10/8/2018 18:28

Terminated as I understand it all those not given redundancy notices by HoF are transferred to Sports Direct, as are their existing benefits and payscales. I am not sure if HoF issued any redundancy notices under their CVA, as the stores chosen for closure were still trading. I think MA got it very cheap because he is taking on the staff liability. The Administrator didn't issue any redundancy notices so it would appear everyone directly employed by HoF was transferred to Sports Direct.

[diku] 10/8/2018 18:19

Heard it in the news MA wants to turn it into the Harrods of the High Street!...

I think he might have saved HOF but what chance he will close some of the Sports Direct stores as the leases come up for renewal?....

[debsdowner] 10/8/2018 17:51

This saga will carry on a while longer House of Fraser a better buy than Debs with bank debt written off and a CVA reduced landlords rents.

Punters and or investors here would be advised not to get too carried away here, HOF looked like administration and that is what I predicted may likely happen which did in fact happen a lot of creditors have lost a pile jobs have been saved in the short term.

There are bound to be job losses and store closures going forward but with a smaller portfolio of shops it may not happen.

In the short to medium term the competition will get fiercer no let up for Debenhams.

As for Debenhams I think a further profit warning in the next 8 weeks.

[terminated] 10/8/2018 16:23

That is interesting point actually, if he can combine the best of HoF with the best of debs (after cva) he could have a winning formula. Itcm: you a're missing the point they would not incur redundancy costs under a CVA and after a reorganisation they would be able to interest investors in rights issue to clear up deb, which is growing every few months.