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If you have not seen it, read Mike Ashley’s report in the SD accounts. An absolute classic the like of which I have never seen before. Beginning to wonder if the delay to the accounts was due to lawyers having concerns over what he has committed to print. Accuses MPs of lying, suggests drugs tests for CEO/CFO of listed businesses and lays into the Board of Debenhams and advisors unmercifully.
Looks like SPD is about to get an almighty mauling. Should have bought DEB, end of.
The end of the debs chat page.... Nothing more to see here!
Not to say I told you so... But this was a view posted... Bruised ego =lots of threats with little substance.
It's not over yet Pearls, but it looks unlikely. It's never over till the fat lady sings, or the fat man pushes off Lol
Pearls why don't you and Nigel start your own legal proceedings, rather than relying on someone else?
You could try crowd funding to try and recoup your losses. Who knows I might even throw in 50p towards it!
U never know, new owners hedge funds are being backed by Amazon, normally lenders are not very keen to own the Companies. It’s not about how Deb is performing, it’s all about it controls 15 to 20% market share.
Is MA going to publicaly extend loan offer to Deb for reversal because he is still on negotiation table? Or lenders ( new owners) pay £300m to shareholders, a very unlikely. Never loose hope
So disappointing. It seems to be bluster after bluster with MA. This is normally the behaviour of a bully, and to be fair that seems to be how he runs SPD. The shame is we were all caught in behind him like lemmings. Now on the other hand he is having to face the music at SPD which is delaying its results due to the fiasco at HOF. He should have bid back in October and merged the back office operations of HOF and DEB. Clearly there is little behind the bluster. Shame it has cost us all so much, but hopefully a lesson or two was learnt in this.
"Ha ha, so Mike Ashley has bottled it yet again."
Work of Debenhams legal team. Now just 1 creditor claiming, against a backdrop of very high acceptance. Court case early September, should just last a few days.
Looks like a typical compromise. SPD removed, case proceeding. They (Combined Property Control Group) don't sound that confident. They aren't even playing with their own money!
Ha ha, so Mike Ashley has bottled it yet again.
What an absolute melt.
Further to the announcement of 8 July 2019, Debenhams notes that Sports Direct International plc and Sportsdirect.com Retail Ltd ("SDI") have now withdrawn as parties to the outstanding challenge to the Debenhams' CVAs. This challenge was brought jointly by SDI and the Combined Property Control Group ("CPC"). However, SDI is continuing to fund the ongoing challenge by CPC and has agreed to bear any costs award eventually made against CPC and in Debenhams' favour at the conclusion of the challenge. Debenhams will continue to defend the outstanding challenge as being without merit.
Hey Met - I better not post too close to your post either or there will be further allegations! SPD is looking like it's going south. Alot of poor decisions resulting in lower profits. Maybe this is the way to make a few more bob gambling against retail?
He is so bitter our Nigel isn't he losing out on Deb then missing out on your excellent tips.
Claims time and time again that he doesn't police the board then goes around doing exactly that!
When are you going to realise that no one cares about what you think Nige?
Lol Knigee.... Its called giving back.... My good intentions were to help those who lost on debs. That call option on BMW was a five bagger. Anyways there will be no more! Its obviously an angry Monday where u are! Or are you regretting not taking any opportunities I pointed to???!
So you are posting on the Europa Metals thread? Makes sense if you been trading this (higher risk/small cap- cough, cough) share... if you want to (just ) post on DEBS thread off topic re tips - fine. Just don't expect more than 1-2 posters to "listen"
Thanks Nigee, but no thanks I post where I want.
Well done on your tip - made some money on AMER recently. However, not sure the Debenhams thread is the best place for putting tips out there - few will read them. Best to use "general chat" GL
And rising .........
No need to thank me ....if you got in immediately that's a 24% return ...... I wonder if this will go higher! Anyways Pearls and co if you haven't got your money back on those few tips I threw out what can I say.... there wont be anymore.........Nigee thinks we are all heggies lol!!!
I see DEB BOD are begging for further funding for Xmas, things do not seem to be improving
Haven't thrown the usual winning tip out for a while... Europa metals looks like it could rise!
"Devon, thanks for yet another excellent posting. That Wisealpha website looks most interesting - but why is there nothing about this sort of thing in more ordinary investment guides / journals etc? Investors Chronicle for example never explains how an ordinary investor can buy into bonds, the impression being that you need £1m before buying bonds. Minimum investment here is £100! Most interesting and many thanks"
It's a startup Pearls, although they have been around since 2016 and won several banking awards. There's aplatform as well as investment risk.
I wouldn't bet the house with them. I have just a few thousands with them out of a portfolio of 50 plus listed investments ( and 80 startups).
It's early days for them, and the idea of offering "notes" to private investors, but if it's succesful it might one day form a plank in every portfolio.
I very rarely find any reason to rush when investing. It's not like there wont be another opportunity coming down the road.
Devon, thanks for yet another excellent posting. That Wisealpha website looks most interesting - but why is there nothing about this sort of thing in more ordinary investment guides / journals etc? Investors Chronicle for example never explains how an ordinary investor can buy into bonds, the impression being that you need £1m before buying bonds. Minimum investment here is £100!
Most interesting and many thanks