Debenhams Share Discussion Threads

[qantas] 13/8/2018 07:21

Itcm1 get a life.

Please do your own research.

[qantas] 13/8/2018 07:21

Itcm1 get a life.

Have seen the pre market price?

Please do your own research.

[qantas] 13/8/2018 07:19

Shorts are you ready for the Monday squeeze.

Shorts so doomed to failure.

Please do your own research.

[knigel] 12/8/2018 21:14

I think we all agree 50p is a long way off. Let's see how the market reacts tomorrow.. the Turkish financial issues may mean a poor week for the markets

[ltcm1] 12/8/2018 20:51

But Qantas you never come up with anything apart from this absurd argument that there is about to be a short squeeze. You never talk about Debenhams in any meaningful way, such as how can they reduce debt or increase margins.

Knigel you may be right in that they could find further cost savings. Maybe they can sell the Danish business and close a few stores. They have squeezed through before as you say.

I really think if there had been any credible bid rumours the share price would have shot up Friday afternoon. But you can never say never I guess.

Qantas has been saying Debs is about to go up since they were at 50p. Don't know how he has the brass neck to keep posting on here.

[knigel] 12/8/2018 18:16

DiscoDave4 - well lets say it another way - the "astute|" posters are apparently the ones expecting Debenhams to fail - fair comment?
Of course there is a risk of Debenhams failing - Debenhans have been though 2-3 very bad trading patches during the last 20 odd years - i recall them. I concede it may be different this time .. re internet/rent being new factors - but why can't Debenhams pull though? They have international and an online operation. Costs could be cut further - head office .. lengthen the recovery period for the pension schemes and reduce employer contributions further .. close 10-20 stores.. still meat on the bones to cut..
BTW you do realise MA shareholding in SPD is significant - and people always talk about MA rather than SPD don't they?

[ltcm1] 12/8/2018 18:14

Knigel

The reason I post is not because I want Debenhams to fail but to counter the fake news posts of Qantas and Robot.

Personally I think Debenhams will survive but the real question is who is going to take the debt pain and in my opinion it is very likely to be the shareholders who will get wiped out.

Time and again the big players ie the banks and bondholders, make sure the small shareholders get nothing.

[discodave4] 12/8/2018 17:56

KnigelJust a point, Mike did not buy the DEB shares/put option SPD shareholders did and they have already taken the loss on their books. If you think "astute" people are only short then you are more naive then I thought (truly no offence intended).DD

[debsdowner] 12/8/2018 17:37

Well the astute posters are of course bears and not necessarily shorters, but they have been right thus far.

[knigel] 12/8/2018 17:25

Astute posters - oh, you mean the negative posters wishing Debenhams to fail? (You are probably shorting - be honest)..
I don't expect a bid tomorrow.. but within six months? I rate it more than 50%.
No not buying tomorrow - simply because I do not wish to sell any of my other investments at the moment. However I probably will at a later date

[debsdowner] 12/8/2018 17:17

Agreed.

Its a tough world in retail. Just sit on the side lines for now. Take a break.

Listen to some music.

[tim 3] 12/8/2018 17:15

Think MA bought HOF because it was an incredibly good deal they were desperate to sell it or it would have gone bust that day,can't see him getting such a good deal with Debenhams as they are not that that desperate...yet.

[debsdowner] 12/8/2018 16:39

Guardian




In its stock exchange statement, Sports Direct said it had acquired all 59 stores, the House of Fraser name and the stock. “Our deal was conservative, consistent and simple,” said Ashley. But it also included a half-promise that “we will do our best to keep as many stores open as possible”.

While the deal ostensibly looks to have saved 16,000 jobs, Ashley could still opt to close stores further down the line. That is because Sports Direct has only taken over the running of the stores under licence from the administrator and can hand back the keys to any of them if he is unable to secure the rent deals from landlords that he wants.

One landlord said he thought the long-term future for House of Fraser was likely to be messy. “Ashley is backing multi-brand stores against the trend. Single-brand stores are doing better.”

However, the entrepreneur would only have to shift the stock still sitting in House of Fraser to make money on the deal, he suggested – a tactic Ashley had used on previous occasions.

[debsdowner] 12/8/2018 16:32

Tony Brown (Beales)


The rises in rent and rates described as “ a spiral of doom” that is doing far more damage than the shift to online shopping!

Ashley made a big gamble which could fail and he wont bid for Debenhams imo without a CVA.

[debsdowner] 12/8/2018 16:27

Beales may be next to hit the buffers its loss making and got high debts.


Interesting article about prosperous Bournemouth but big names left the town in the FT


The problems are similar to those facing high streets across the country: difficulties around parking and accessibility, soaring costs, and too many outlets. Beales is one of three department stores left in Bournemouth's town centre © Charlie Bibby/FTEven after M&S’s departure, Bournemouth’s town centre still has three department stores. One of them is Beales, an independent group with its headquarters in the town. Tony Brown, the chief executive, describes rises in rent and rates as “ a spiral of doom” that is doing far more damage than the shift to online shopping. ”You have tremendous upward pressure on costs in a retail economy that is at best flat and at worst shrinking,” he said. The closure of M&S “definitely” affected footfall in the high street, he added.

[debsdowner] 12/8/2018 15:39

KNIGEL

Most the astute posters on this site think as I do, there will be no deal for the time being for Debenhams.

There is no reason to do a deal without more information on Debs trading. Both Ashley and Day waited for administration before they put in their offers and both waited for a CVA before that.

Debenhams is a different ball game no way are either pair going to take on the long leases here before they are re-negotiated or a CVA.

As for the Telegraph article all it really alluded to is at some stage all eyes will be on Debenhams to see how things pan out and if some stores could be saved in due course and then a possible merger with HOF.

Ashley will have too much time dealing with HOF at the moment it would be suicidal to make a bid for Debenhams and take on both bank debt and long leases.

Whether the share price rises or not first thing is immaterial, I think most days the share price rises first thing then falls back later session.

Debenhams is a super-tanker carrying an unstable load at the moment, all this about the company being profitable at the moment is misleading, my bet is some stores losing money at the moment, the second half the weaker half and they need stock for Christmas.

We already know they have had to increase their head room with the banks that is a bad sign.

If you think you are right put your money where your mouth is and buy tomorrow.

I bet you don't!

[ltcm1] 12/8/2018 14:06

EI I don't think MA bought HoF to get a bargain as such, he has well documented problems at Sports Direct what with falling profits and a large estate of small stores. Buying HoF is more about saving Sports Direct than anything else, I imagine he is looking to close a couple of hundred SD outlets in the next few years.

I reckon he will only keep the London stores, Scotland and the major cities, so perhaps 20 in total. Then perhaps he will pick off a few Debs stores additionally.

[qantas] 12/8/2018 13:51

He may have also grabbed a bargain with Debenhams.

Please do your own research.

[essentialinvestor] 12/8/2018 13:28

I think people underestimate the deal Mike achieved.
He bought from administration, the £400 Million debt is wiped clean,
it's bond holders and banks that took a hit
the price he paid also included stock.

He will in all likelihood have a much stronger position with landlords
because of his existing commercial relationships.

All of this is before he begins to make changes to store management, product mix etc.
He may have grabbed himself a bargain.

[knigel] 12/8/2018 12:55

Well I don't presume admin. MA has a choice 1) sell at a loss 2) wait in case the situation gets worse for Debenhams 3) wait for possible recovery to get some/all of his investment back.
Now if he wants to make a bid, 12p is a historic low.. he has to decide whether to wait or perhaps be kicking himself later as the share price moves up (presuming recovery). Of course if some other party makes a bid he can either accept the offer or make a counter bid

[qantas] 12/8/2018 12:50

Range Rover Disco Such a bad loser and doomed to failure needs to do more research.

Shorters will always ty and shoot down positive news.




Please do your own research.

[discodave4] 12/8/2018 12:39

ps MA pr machine at work, get some of his £80m loss back!

[discodave4] 12/8/2018 12:23

KnigelNo problem, was just curious.As for a bidding war for DEB.........no chance, not until it goes into admin, then very much doubt that MA would want all of it, as posted previously, too much debt and SPD don't have the wonga.Guess Green's name will be thrown in the mix at some point, Mikes pal, or he was until the BHS debacle......sells papers / website hits.DD