The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
So the court action some posters said would not materialise is on and same posters have since been prejudging the outcome. Saw the recent debt figures from Ireland look woeful. Surprised the remaining board members are not out on their ears by now. Hard to believe anybody could have done a worse job than they did and not too much of a stretch of the imagination to think MA could have done so much better.
What's with all the playground stuff on the bb. Why do all these trading billionaires always appear on the scene too late with their views and their bragging - obviously not away somewhere nice soaking up the sun and enjoying life lol.
That's no problem Pearls.
My exposure to the debt is a tiny percentage of my overall portfolio, probably less than it's daily volatiltiy in normal markets. Much less than 1%.
So, for me it's been an interesting learning excersise of shorting the equity and then reinvesting in the debt.
It's never pleasant loosing money, but the big lesson is not trying to win it back by taking on more risk. It never works. I hope that isn't your strategy. You end up getting into really sticky ground.
I suspect the court case, if there is one, will be quick. I don't think you'll get the outcome you dersire, but good luck anyway.
As I say, I'm a highly diversified long term investor, either way it's not going to make me or break me.
Hope it works out for you.
Thanks Devon - comments noted and appreciated. I had not realised it was coming to court in July - that is fast.
I am clutching at straws on this unfortunately.
Thanks Devon - comments noted and appreciated. I had not realised it was coming to court in July - that is fast.
I am clutching at straws on this unfortunately.
I should add, there's supposed to be a payment to bond holders on the 15th July. That might also be an important date for the parties involved.
"Frankly I would imagine we are unlikely to get any proper developments before year end on this"
The Guardian is suggesting (if it reaches a court) it will be early July.
"The cases are likely to be heard together in early July."
https://www.theguardian.com/business/2019/jun/11/mike-ashley-starts-legal-challenge-to-debenhams-rescue-plan
Against that background FTI & Celine are proceeding as per the proposal and their restructuring plan.
It's likely the court case will be quite quick.
Speed is often an issue with these things, as otherwise it results in further job losses, damage to creditors, so the court brings it to a conclusion quickly.
In this case the very high levels of creditior acceptance (90%) means I don't think you'll have to wait that long.
A question of just waiting now, unless of course as per P31 of the FTI article, they find enough buyers to exceed the debts, in which case the surplus would come to shareholders. Since that currently can only be a distant hope, as a shareholder it is MA we have to get behind.
Frankly I would imagine we are unlikely to get any proper developments before year end on this.
Nothing new on The Gazette. Last update:
https://www.thegazette.co.uk/company/05448421
AM02 Statement of affairs, if you've got good eyes you can see the final closing position of SPD:
https://beta.companieshouse.gov.uk/company/05448421/filing-history
i guess the next notice will be about strinking off alongside posting in the London Gazette.
Pattern developing Metamorphosis84, I see, and a hypocrite also. My wise move of the day is to put your sort on the Filturd pile.
Will post wherever I want, Mr I'm not Posting here Again.
And Pearls, you call me a loser, you're the one who has been all pissy pants about losing all your piggy bank money because you thought Deb were sending out bull signals. Plank.
Isn't it obvious? He keeps talking about other shares (I presume he is shorting as Saga is at a low - higher risk tool imho). So post on them ffs!!!
Are you two losers related?
Enjoy and well played mate
Met - keep up the good work. I'm away on a gamble free holiday for a while. It was a positive couple of days
Good oul Pearly, you little daisy. Out at 429
Crazy stuff Met... I'd like to say I'm shocked but I've seen the carry on and patterns here. First rule don't loose what you have
Fair play, might be some good intel, like the fella who is borrowing on his mortgage! He boasted a couple of weeks that he bought AAOG at 8.19! Its 6.82 now!
Follow the trail....
Just gone short on Pfg at 433.
That actually had a hat trick
1. Filtered
2. Gunna report you
3. Not gunna post again
I would say only one of those is true. Little pinnochio
Won't post here again. Yer right.
Thanks for the permission Knigee, I appreciate the green light. It is gambling! Good to hear we won't hear from you, did you not make this statement about not posting multiple times already?!
It's strange certain posters appear at the same time but at least one loser is filtered. You can post anywhere mate, but if you mention another share that you have traded, I would at least think you would post on it and discuss it. Otherwise not discussing your investments on a discussion website seems like going into a share blind, almost like gambling :-)
Why you only post here is up to you. There's thousands of threads to look at. You might find a new investment. I have many times. I will try not to post here now unless there is news and any future digs will be reported. This share is dead. Move on!! (as you have been telling others)
Met - yes post there - according to Knigee the rules are....
Good post, I recommended it