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Get over it, the money is lost,I lost money on Debenhams so did a lot of people,if you can't afford to lose do invest gamble on stockmarket
Maybe you shouldn't of put all your money in this one company, stockmarket trading is investing and to some extent gambling
i don't think it is fair that my shares are gone, lost all my money, yet, Debenhams can still be on the high street like nothing has happened.
@Pearl This is a good example of what I mean;
Travelodge - https://www.travelodge.co.uk/sites/default/files/Project_Athena_CVA_Launch_Announcement.pdf
Travelodge CVA.
The important bit for holders of the senior unsecured floating debt;
"The CVA does not seek to compromise the claims of other creditors, including, without
limitation, secured creditors (including lenders under the Group’s revolving credit facility and holders of TVL
Finance plc’s senior secured floating rate notes due 2025)"
So you get to have a working approach to Admin/CVA's as, unlike shareholders, you often come out the otherside.
Stressed, but intact. At least for longer anyway.
Holders of AMC's debt, me included, are being offered a 50% haircut, but with enhanced yield and extended terms.
Shareholder provide first line of loss and risk capital (as Debenhams ) show ( I have no expectations of being paid in July by Debenhams, but there's still a chance).
I haven't checked, but I'm sure AMC's shareholder have suffered more , but without the benefit of the 12% yield and theoretical enhanced security.
Time will tell on AMC, Debenhams and Travelodge. But with all of them I've been happy to take a punt on their high yield debt, but wouldn't touch their equity with a barge pole. Beaten up, on deaths door, but still capable of offering income and capital in the future.
Devon, thanks for your comments - very useful.
I think few on these boards understand liquidation / dissolution / insolvency / bankruptcy that well so it is refreshing to read your comments.
"The judge said the appointment of any "provisional liquidator" was not urgent as there was no evidence to suggest that Debenhams' assets or documents needed to be secured because they were in any danger."
- it looks as if Frasers Group have tried to petition for a liquidation process as creditors...if that's the case, it won't have an impact on the shareholders of Debenhams PLC.
It just means the Fraser Group can pursue an agenda to have Debenhams (as owned by Celine) move to a liquidation footing and make it a target.
It's just a rehash of the case they lost early in the year with a new strategy. But, as times had passed, and the business has been impacted by covid, then it's an even less valuable vehicle.
https://news.sky.com/story/coronavirus-debenhams-negotiates-reopening-deal-but-hundreds-of-jobs-will-go-11996234
A less speculative piece.
"Debenhams says it has negotiated a deal with landlords allowing it to reopen most stores in June but admits some jobs will be lost as it grapples with administration."
-This is the protective Administartion the new owners of Debenhams applied for. I think the term they used was " admin lite" from memory.
Not the process of dissolution Debenhams PLC is in.