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Knigelk, if I may just correct you. Debt did not double, it tripled in the space of about three months flat.
£286m in end December 2018
£740m in end of March 2019
How on earth is that possible legally? No wonder shareholders were stunned.
I thought that was the available facilities figure?
Last word....
Met am I seeing things or are those two dumbos now arguing over debt figures they ignored a few months ago. According to Pearls its now illegal to lend/bwr money. I won't even comment on some recent brainless posts from others
We didn't get a chance to buy/close Knigee, we were ready and waiting but the company folded!
And BTW you might of sold the day before but hey it was costly. Keep on dreaming bro
Wonderful entertainment watching them embarrass themselves. I just wonder if the other 21500 or so posts have been equally dumb?
Stop twisting facts - I never said when I sold - I traded several times - once gaining more than 100% when it jumped from 2p to 4p.. another time I lost 30% - overall probably held my own - better than others - it's not a contest to see which poster is doing best - we are suppose to use LSE to gain knowledge and learn from one another - which you might do if you ever venture out from the DEB thread mate... btw I will stop posting when you stop posting - deal?
Loads of employees of Debenhams acquired shares at £1.95 when it relisted - many apparently added over the years - a number would still have had shares when it delisted ... they have lost a packet - I wouldn't call them gamblers would you? Just people who probably held on far too long and should have sold out ages ago. Yet the Directors who caused all this - are still there - and frankly it stinks imho..
Lost your trousers bucko, everyone knows
Knigee knowledge and learning on LSE is scarce. I would call that example gambling. For knowledge and learning read then re read the intelligent investor 20 times. If you can grasp chapter 20 and the real instanding of the margin of safety which really denotes what is investing and incorporates diversification, you'll look back at your investments and call them gambles. An easier read is bogles the little book of common sense investing. You may have already read these but I don't get that impression.
IfIonlyknew - stop saying the word "gamble" .. ALL shares are investments - the difference is that some are considered "safe" investments.. some "medium risk" investments and others are considered (especially on AIM) "higher risk" investments. I knew full well when trading Debenhams at sub 5p that it was very high risk - hence why I TRADED the share - making sure I did not keep a material amount investments for any long period due to the well known risks. You are apparently here for the "study case" of investors reactions - well since only 2-3 of the ex shareholders have been posting here - you are probably better off studying other shares that are high risk or have recently been suspended/delisted. Your interest in this one ex investment doesn't make sense - because as I keep saying - this was unique in the regards that SPD were considering a bid - those some felt it was worth the risk holding. In hindsight SPD never made a bid and the company delisted the shares - that's clear and I don't need to take lessons from the experience - I made the error of having all my eggs in one basket 20 years ago - thankfully it paid off - but I have not put more that a few % in any one share since - nor put in what I cannot afford to lose. Sorry but as far as gambling is concerned - I suggest shorting is far more risky - although the rewards can obviously be greater. Don't your agree?........
Poor Nige, lost his trousers gambling on Deb. Will these people never learn?
Meta, presumably you are similarly learning a lesson or two on Kier. We're not all perfect.....
Oh and here is a quote from KNIGELK from 1/4/19 20.54, regarding trading:
"Who do I think I am? Someone who has been in LSE for years and can't stand the DAY TRADERS"
Funny thing to say for someone who:
"TRADED the share - making sure I did not keep a material amount investments for any long period due to the well known risks. "
KnigelK the internet remembers. You are either a liar or a hypocrite dear fellow. Sad.
Ah Knigee I can call it gambling if I so choose. Short selling is of course gambling the worst kind. Its all about return in my mind. Do I want a
property that returns me 9% in income or do I want a half built uninhabitable property in a bad area with the area having questionable tenants and deteriorating rental income. The s&p 500 is the first property - 9% return over time, the half built property was debs. I call it gambling, call it speculation if you want. Your definition that all stocks are investments is weak and what the industry wants you to think. Find a guru - buffett or bogle or anyone with a proven record and try and learn. It's what I did. I'm no expert but make money but had to learn a lot. Just a suggestion but I'm unsure if you have the good sense to take it on board.