Debenhams Share Discussion Threads

[knigel] 12/8/2018 12:14

Better tell the Telegraph then!
It's very likely we will see a higher opening tomorrow.

[debsdowner] 12/8/2018 11:54

laughable

Day and Ashley not stupid they are astute business men who will not throw away money.

Neither is foolish enough to bid for Debs and take on the billions of leases!

Telegraph article rubbish no one will move at the moment/

[justiceforthemany] 12/8/2018 11:47

Day will not want to end up empty handed a second time.

[qantas] 12/8/2018 11:46

Debsdowner how can you say that when you have only been on this chat line from March this year so all lies.

Please do your own research.

[justiceforthemany] 12/8/2018 11:46

Philip Day and MA will need to act quickly otherwise Bucher will have already made major decisions such as selling off Magasin du Nord, reducing the debt and seeing market cap rise making any bid more expensive.

[qantas] 12/8/2018 11:46

Debsdowner how can you say that when you have only been on this chat line from March this year so all lies.

Please do your own research.

[debsdowner] 12/8/2018 11:21

I have been spot on so far.

1.I predicted a decline in share price, broker downgrades and profit warnings.

2. I predicted HOF would go bust and likely administration, that happened.

Now you can forget about a bid at the moment for Debs it wont happen outside administration or a CVA.

[qantas] 12/8/2018 11:11

Debsdowner you failed in your mission. What will be your next target SBRY?

Please do your own research.

[debsdowner] 12/8/2018 11:02

Who knows what will happen when the market opens tomorrow but my bet is things will get worse for Debenhams and the Telegraph article a load of baloney neither party will bid for Debs outside of administration.

[debsdowner] 12/8/2018 10:58

itcm,

You have made a number of good points.

I appreciate HOF has much larger stores on average but I think there lies a problem for Debs.

It also has some very large stores but many of its stores in bad locations.

But we have to face things are at the moment. HOF has now been bought out, its bank debt written off, no pension scheme to fund. Its got lower rents on its leases and if Asley didn't want to continue with various stores he can out according to what I have read abut the situation.

Now when you look at the situation at Debs at present they are stuck with long leases, bank debt and declining sales.

Mike Ashley has too much to deal with at the moment trying to turn around HOF it would be foolish to make a bid for Debs, he would have to take on bank debt and long leases.

There is no way he will move at the moment nor will Day imo.

Both will watch how things pan out imo in the short term.

Neither do I believe anyone else will bid for Debs in the short term, retail is stuck in a mire and a Hard BREXIT would make things much worse.

KNIGEL

Neither will bid at the moment imo.

[wllmherk] 12/8/2018 10:48

I'd be very surprised to see any bids anywhere near 40p, although, I'd be delighted. 20p more realistic with all the structural problems DEB has. Still, next week could be interesting.

wllm

[knigel] 12/8/2018 10:26

Robot - if you are going to say my post(s) are rubbish - at least be decent enough to DEBATE and tell me were I am wrong!
DiscoDave4 - no I rather not say.. most employers monitor online so I don't wish to get into any trouble - however I will say it's not Debenhams nor any of MA brands.
As for your question - it might be answered soon if the Telegraph story is correct.
MA already has the advantage of holding 30% of Debenhams. If both parties are serious about bidding for Debenhams (i am not so sure) then you would expect initial bids .. maybe at 20p .. then counter bids .. perhaps 30-40p .. this is just MY opinion

[philanderer] 12/8/2018 10:25

Mike Ashley and Philip Day ready to do battle over Debenhams

[justiceforthemany] 11/8/2018 22:03

Evening Standard now reporting Day made a £100M bid to buy HoF - a full £10M more than MA. He seems desperate to buy a department store. share price can't remain artificially suppressed at 11p forever.

[ltcm1] 11/8/2018 21:25

debs it is an interesting question about which of HoF and Debs is easiest to turnaround.

I would argue Debs would be the easier because they have a management team in place and they stores are not doing that badly all things considered, it is really the historical debt which is the problem, with it's knock on effect of lack of investment.

HoF OTOH got rid of their management team a few years back and some very inexperienced people have racked up huge losses. The 59 stores are also of colossal square footage and have multiple floors in many cases.

I don't see what Ashley is going to fill floors above two with really, it is very hard to get customers to even go to the first floor let alone those above.

Personally I think Debs is the easier business to turn around if it was bought by an entity who could push the margins up.

[debsdowner] 11/8/2018 20:11

justice,

The breathing space is to give Debs time to sell its most profitable asset but the rump then will not provide much income.

The worry is the long leases and costs climbing while sales struggle.

I bet you anything neither Day not Ashley will make a bid for Debs without a CVA or renegotiation of leases.

I wish Ashley luck with HOF its less stores in prime positions where as Debs has far too many stores.

It will be easier turning round HOF than Debs.

Hammond tax on online only will only make a small difference to competitive advantage of online only, I think it needed to be done but business rates in towns the killer.

One of the biggest worries now for retailers going forward is a Hard BREXIT and possible recession.

[robot ic1] 11/8/2018 19:39

🤖
KNIGEL, ITCM1 , You talk rubbish .

Well done Debenhams

Aways do your own research

[justiceforthemany] 11/8/2018 19:10

City sources say a bid battle for ­Debenhams could be the catalyst for a much-needed overhaul.

A renegotiation of its banking ­covenants has bought some breathing room.
Only a small number of Debenhams stores are loss-making.

[debsdowner] 11/8/2018 19:02

The deal on HOF not at all bad for MA as it included stock which must have been worth quite a few million.

As for Debenhams well lets face it Ashley waited while the CVA was dealt with and HOF entered administration before he bid. So no bank debt!

What was the stock worth?

His purchase of HOF may have cost him £60 million excluding stock.

So if he waited for HOF to do a CVA on HOF one can assume he may do the same with Debenhams.

Its doubtful he is going to pay the current market cap of £143 million plus 0ver £300 million debt and take on the long leases as well.

Forget it!

[justiceforthemany] 11/8/2018 18:33

Takeover battle imminent.
Oh dear shorts are about to get badly burnt.
Philip Day will join the bidding war.

Massive short squeeze coming. Philip Day will need to move fast to not end up empty handed.

[justiceforthemany] 11/8/2018 18:33

NEW
Mike Ashley and Philip Day ready to do battle over Debenhams


Just days after Mr Ashley’s Sports Direct pipped the owner of Edinburgh Woollen Mill to the takeover of House of Fraser, retail sources say both entrepreneurs have trained their sights on its closest rival.