Debenhams Share Discussion Threads

[excell1] 14/10/2018 15:45

I will stick with what the company are saying and that is profit will be approx. £32 million (RNS) and they are covered for cash. October 25th is quickly coming and then all will be revealed. Until then it's closed period for directors so make hay while the sun shines but afterwards watch out. Who will be the first shorting company to crack? The rest of them will lose at least a large part of their paper gains.

Incidentally forget the fake news on here, where is this so called terrible article on DEBS by The Sunday Times.....more fake news from those supporting the shorters.

[only who?] 14/10/2018 15:18

It's ironic that the two people on here who have been posting misleading information for weeks/months want the FCA to investigate.

[knigel] 14/10/2018 15:09

LOL STILL using the old chestnut of the weather
TOO HOT - bad news
TOO COLD - bad news
TOO WET - bad news
TOO DRY - bad news
pmsl

[debsdowner] 14/10/2018 14:25

Weather outlook a lot warmer than normal says the Met Office will force shops to cut prices further in the run up to Christmas is more bad news for retailers.

[debsdowner] 14/10/2018 14:18

Patisserie had two "secret overdrafts" of millions looks to me like a clear case of false accounting !




Unfortunately when these practices are uncovered it suggest the company wasn't as cash generative as the company had claimed.

This takes me back over 20 years or so when Resort Hotels went bust with off balance sheet debt being discovered and a director sent to jail.

[bouka1] 14/10/2018 14:11

Low life share bashing life...f....off

[debsdowner] 14/10/2018 13:37

KNIGEL

"What is being suggested is that there is a digital tax on online retailers and the tax raise is used to reduce the business rates for high street retailers (or a rebate system). So if the effect is that no additional tax is raised - i don't see the problem and I guess the Next guy is probably concerned because the company online business is significant and they might lose out... kmpg - ok weekend press BUT you DID say that the Sunday Times would have an article today.."


Its not going to work, the government raise massive amounts of money on business and all the income couldn't be shifted to online.


All the chancellor will do is tax online such as Amazon and reduce or slacken business rates by a small amount but the measures will be tiny.


Tax has to go up not down overall due to the high UD debt and pressures on the NHS.


So if you think the Chancellor is going to assist the High Street through major subsidies you don't understand economics.


Most budgets are a load of hot air give it in one hand and take it in the other they have to balance the books.

[only who?] 14/10/2018 12:11

KNIGEL: You've lost me. Are you referring to my attempt get clarification, or the poster who suggested it previously? Everything here is opinion or theory. And btw, I don't have any shorts in DEB, or shares.

[only who?] 14/10/2018 11:20

So let's get this straight: DEB has been fraudulent as well as incompetent? Doesn't that mean suspension and 0p tomorrow.

[kpmgaccountant] 14/10/2018 11:16

Knigel

In your view as a professional should the directors be disqualified on the grounds of negligence for spending £140m when the company was at risk of cash flow insolvency?

[knigel] 14/10/2018 11:07

CAKE - strange, their last RNS reads "result of placing" which suggests they have the money whether they like it or not ..

[kpmgaccountant] 14/10/2018 11:06

Wipo1

The former FD should be expelled from the profession for incompetence. Spending £140m and hedging at 1.30 usd : £1 has killed the company

[knigel] 14/10/2018 11:04

What is being suggested is that there is a digital tax on online retailers and the tax raise is used to reduce the business rates for high street retailers (or a rebate system). So if the effect is that no additional tax is raised - i don't see the problem and I guess the Next guy is probably concerned because the company online business is significant and they might lose out... kmpg - ok weekend press BUT you DID say that the Sunday Times would have an article today..

[kpmgaccountant] 14/10/2018 10:49

This situation is about to explode and Patisserie Valerie could be the 'debtonator'

[debsdowner] 14/10/2018 10:37

Patisserie Valerie offer of funding not agreed say Telegraph:

"Patisserie Valerie’s management snubbed a £30m deal that would have protected small investors, it has been revealed, as furious shareholders rounded on the company last night.

Investment fund Crystal Amber was plotting a convertible debt deal to rescue the firm which would have meant investors would not have seen their stakes diluted by the emergency fund raise that offered up new shares at a huge discount.

A top 15 investor said there are “so many questions to ask of management, board and auditors in terms of how was it not spotted much earlier”."

[debsdowner] 14/10/2018 10:31

Lord Wolfson said he didn't want more tax on online retailers he said it would just increase the cost of clothes and he has made a good point.

The higher the cost would mean less clothes sold, one has to bear in mind many households buy too many clothes, some women's data have suggested woman buy many clothes they just don't wear and leave them in the wardrobe.

As income falls there will be less clothes sold and the UK public can adjust to that and still manage adequately well.

The argument people need clothes is flawed people do need clothes but many households don't need the amount of clothes they already have.

[kpmgaccountant] 14/10/2018 10:20

Knigel

As expected more bad press today. All will be revealed soon enough.

£320 debt + £300m stock = cash flow insolvency

When the imminent CVA is announced the BOD will likely face a parliamentary enquiry as to why they spent £120m on capital expenditure and £20m on a dividend when the business was at risk of not trading through Christmas. There is no escaping this.

I feel terrible for the employees involved here in the run up to Christmas. The BOD are culpable. They should have paid down the debt.

[debsdowner] 14/10/2018 10:19

Lord Wolfson the CEO of NEXT on Andrew Marr now.

[debsdowner] 14/10/2018 10:11

KNIGEDL there was an article in the inews kp said expect more weekend bad press!

[debsdowner] 14/10/2018 10:09

Lower growth ahead says Bloomberg I expect the markets take a downturn again next week after the bounce on Friday>



Debt-en-hams share price are expected to be in the range of 7 to 8 early week and nearer any fall by the foregoing figures could trigger stop losses and mean higher shifts on the downside, a possibility of 5 pence on more bad news.

There is reasonable possibility of the results be brought forward and a suspension pending clarification of its financial position following recent sales decline.

[knigel] 14/10/2018 10:05

Were's the article that the company has failed the cash flow insolvency test?
Have you done the audit?
Is this a fact or your opinion - you should make it clear (going forward...)