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Debenhams Share Chat (DEB)



Share Price: 1.575Bid: 1.558Ask: 1.65Change: -1.325 (-45.69%)Faller - Debenhams
Spread: 0.092Spread as %: 5.91%Open: 2.912High: 3.18Low: 1.10Yesterday’s Close: 2.90


Share Discussion for Debenhams


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Posts per page:

Nohearts
Posts: 321
Opinion:No Opinion
Price:1.542
RE: Flatpack
Today 16:32
possibly - however I suspect the rents due on the old quarter days simply won't be paid. What can landlords do ?
It will depend on the lease but not much really with 21 days.

In addition many newish leases have 1st Jan, 1st April, etc as the rental days.

They will want to do everything by the book and give shareholders option to accept or reject the restructure.
 
WorldGoRound
Posts: 1,402
Opinion:No Opinion
Price:1.75
RE: Madness
Today 16:28
Or buying property in Florida a month before the hurricane hits.:)

Roll Up Roll Up.

First Class cabin seats 99% off.

Nice and cheap.

Hope you like underwater swimming?

Don't hold your breath.

Roll up Roll up
WorldGoRound
Posts: 1,402
Opinion:No Opinion
Price:1.75
Madness
Today 16:24
True maso madness.
This is like buying seats on the Titanic after all the lifeboats have been
dropped.
DC2007
Posts: 391
Opinion:No Opinion
Price:1.651
Record volume
Today 16:23
Think today will be the highest volume of all time.
Parfett123
Posts: 35
Opinion:No Opinion
Price:1.65
End of the day buys
Today 16:21
Lots of buys towards the close, a little bit of good news and this could shoot back to 3p. Next Friday is a LONG way away.
WorldGoRound
Posts: 1,402
Opinion:No Opinion
Price:1.65
Down 50%
Today 16:21
Down 50% this is doing a flybe going to 99p.
Is it a crash or some SP readjustment doing this?
My advice sell whatever you've got and don't even think of ever
buying Debs shares again.
Invest the money in some other share,
Preferably one that goes up and with luck and few more
buys and sells you might make some money.
Perhaps not what you lost on Debs buy money nethertheless
and the new company might even be able to afford to pay you a dividend
Nohearts
Posts: 321
Opinion:No Opinion
Price:1.55
RE: This will end..
Today 16:16
"..in the mother of all courtroom bun fights. Hope MA takes them to the cleaners."

Utterly laughable.

DO you think the board won't have taken advice form both insolvency practitioners and legal advice from expert barristers ?
They will have directors indemnity insurance up to their eyeballs.
They have KPMG working on potential CVA and administration options for the the last 6 months

It will all be nicely documented, and they will have ticked all the boxes.

Meanwhile for all Ashley's skill at building Sports Direct, they can't even serve notice of an EGM properly & he managed to buy Newcastle United without doing any due dilligence, subsequently finding black holes all over the shop, including £27m outstanding on transfer fees.

He will be laughed out of court.
n1shares
Posts: 405
Opinion:Weak Buy
Price:1.55
re what will happen
Today 16:13
It depends what you count as debt.Most retail businesses trade at a premium to net asset value.Although they have including bonds something like 500 million in debts they do have assets and also although overstated they have the whole fitouts of the stores which are assets as well.If changed to something else they have no value,but as a trading entity these assets do have value.
Robinson2018
Posts: 124
Opinion:No Opinion
Price:1.55
New ceo possibly Monday
Today 16:13
Any positive update this will be sky high from here
sain@vision
Posts: 9,463
Opinion:No Opinion
Price:1.55
Flatpack
Today 16:08
Maybe a weekend flatpack to face rent quarter day on Monday ?
liquid1
Posts: 4,791
Premium Chat Member
Opinion:No Opinion
Price:1.543
In or Out? That's the Question?
Today 16:08
http://www.cityam.com/275130/debenhams-rejects-sports-directs-100m-proposal-appoint-mike

Friday 22 March 2019 1:32pm
Debenhams flags 'obvious concerns' over £100m bid to make Mike Ashley CEO
Share
Michael Searles
Sport and Business Reporter at City AM.
Email: michael.searles@cityam.com
Debenhams Facing Possible Job Cuts
Debenhams says Mike Ashley's House of Fraser ownership would prove a conflict of interest were he to helm the retailer (Source: Getty)
Debenhams has turned down Sports Direct's offer to buy its Danish business with the condition that Mike Ashley oust current boss Sergio Bucher to become the company's chief executive.

Earlier today Sports Direct made a £100m offer for Magasin du Nord and claimed it would help the company's liquidity, while also giving Debenhams the freedom to buy it back within 12 months for the same price and letting it keep any revenue.

Read more: Mike Ashley makes fresh £100m bid to become Debenhams CEO

The deal, which also came on the condition that Ashley be appointed as Debenhams chief executive, was proposed after the revelation that the company had been offered a larger-than-expected lifeline from lenders in the form of a £200m loan.

But in a statement, the struggling department store said: "This proposal comes without any commitment to participate in the wider financing solution.

"The board has responded to Sports Direct directly, that, as with all other proposals received to date from Sports Direct, it does not address the company's funding and restructuring requirement, while balancing the interests of all stakeholders."

It went on to add that Magasin is an integral part of the company's portfolio and any lending proposition, while also addressing concerns about appointing Ashley as chief executive.

"Further, there are obvious concerns with the proposal that Mike Ashley becomes chief executive of Debenhams given that Sports Direct owns our direct competitor House of Fraser," it continued.

Read more: Debenhams shares crash as it asks shareholders to approve £200m loan

Debenhams share price plummeted 58 per cent in early trading as it asked shareholders to back lenders' £200m loan proposal that could end in administration and see shareholders' equity wiped out.

The share price rallied after Sports Direct's proposal to around 34 per cent down for the day, but since that offer has been publicly rejected it has fallen back to standing 41 per cent down at 1.7p.
daniel.f
Posts: 61
Opinion:No Opinion
Price:1.55
RE: What will probably happen
Today 16:07
You do realise it's because the value of the business is no longer greater than the debt right? Why should you have any say when your shares are worth 0 (I mean true value)?
Robinson2018
Posts: 124
Opinion:No Opinion
Price:1.55
buying pressure again
Today 16:04
Looks good.Dyor
Lawson
Posts: 106
Opinion:No Opinion
Price:1.60
RE: This will end..
Today 16:01
Being inept and running a public company and almost running it into oblivion is not an offence, there will be no courtroom battle.
KNIGELK
Posts: 21,181
Opinion:No Opinion
Price:1.60
RE: What will probably happen
Today 15:53
Smartie2 - I am sure you would like to congratulate Metamorphosis84 on making 82 posts on Debenhams now this week - must now be top poster here :-) If only you had been here a few months ago... 50/50 on another RNS later today?
SilverSpoons
Posts: 767
Opinion:No Opinion
Price:1.60
This will end..
Today 15:52
..in the mother of all courtroom bun fights. Hope MA takes them to the cleaners.
mannnan
Posts: 46,348
Premium Chat Member
Opinion:No Opinion
Price:1.56
RE: Buys vs sells today
Today 15:44
Avoid
Metamorphosis84
Posts: 882
Opinion:No Opinion
Price:1.60
RE: What will probably happen
Today 15:43
"It is like legal theft."

Kind of like taking out a loan and never paying it back.
Pearls
Posts: 1,475
Opinion:No Opinion
Price:1.65
Buys vs sells today
Today 15:40
Whilst sellers outnumber buyers today the difference is not large - maybe 45 / 55 yet the price has dropped by more than it should based on such buying
SBB1
Posts: 2,860
Opinion:No Opinion
Price:1.65
bod
Today 15:40
Remind me of the flybe directors untter scum
Prison time needed for these people.
n1shares
Posts: 405
Opinion:Hold
Price:1.60
BOD
Today 15:40
They most probably keep their jobs as if the lenders own them they will most probably keep them running the ship for some time.if they do not advance then they will get rid of them.Any bidder would get rid of them asap.
Interesting there are still a lot of buys happening and it would not surprise me if there was a spike towards the end of trading as I am sure the is company will be looked at closely over the weekend by a number of people.
DC2007
Posts: 391
Opinion:No Opinion
Price:1.65
RE: What will probably happen
Today 15:35
What do the BoD have to gain by colluding with lenders and creditors?
Franalex
Posts: 149
Opinion:No Opinion
Price:1.65
RE: What will probably happen
Today 15:34
About as likely as all of your other unrealistically optimistic posts.
Jwood1
Posts: 3
Opinion:No Opinion
Price:1.65
RE: What will probably happen
Today 15:24
“There will probably be nothing for shareholders I think.”

Unfortunatelly I think you are right, and I say this as someone who bought into this mess before the downfall started.
The problem with Debs is the BOD which have colluded with the lenders and creditors in order to wipe shareholders. They are not respecting their fiduciary duty to represent the interests of shareholders. When even a large shareholder like MA that owns 30% of the shares has no power to influence the BOD, it is obvious that the company was brought into this situation deliberatly.

As a shareholder, I feel there should be better legal protection for shareholders in public companies. The way shareholders can be replaced without consent is really disturbing. It is like legal theft.
Jetxie
Posts: 1,050
Opinion:No Opinion
Price:1.60
RE: What will probably happen
Today 15:12
Business is getting worse on the high street. No nice




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