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Really, the SPD update is going to more than adequately illustrate how much MA should have bought DEB to stabilise things at SPD. Not surprising he is having to delay the SPD update because of problems with HOF - we all were discussing this for some time as HOF on its own was clearly a basketcase.
If its any solace, what happened to all of us with DEB appears to be happening again to Thomas Cook [TCG] shareholders in what seems to be a very similar situation. Shareholders are again getting screwed by a Board who look like they are doing a deal with bondholders in order to retain their own jobs at shareholders expense.
Touched a nerve, Nige, everyone is seeing how dishonest you are and will continue to do so.
Dear oh dear.
As for my position, I have not criticised others for something that I do myself. That is your hypocrisy that is being pointed out. If you feel I have been hypocritical, feel free to point out where.
"Who do I think I am? Someone who has been in LSE for years and can't stand the DAY TRADERS"
"TRADED the share - making sure I did not keep a material amount investments for any long period due to the well known risks. "
At least you admit it is YOU that has a grudge.... also YOU never stated YOUR position here - pot,kettle,black... Well... did you short this or not? The truth is - the company continues but the shares will not be coming back... I can't see any return for shareholders even if court action is successful... back to monitoring every two weeks... unlike you, who judging by the speed of your initial reply today must be monitoring this thread 24/7 pmsl
So you have gone from not day trading at all to rarely day trading. So you do actually do it.
The reason is to shine a light on your hypocritical behaviour Nigel. You come on here trying to police the board and moralising on the behaviour of others. You talk about the honesty of others, but what of your own honesty? Like I say, within a couple of posts you have gone from hating day traders to admitting that whilst it is rare, you do indeed day trade. So what else are you dishonest about?
Maybe I wouldn't have beef with you, but on my first ever post on DEB you jumped straight down my throat and sat on your high horse. Maybe if you hadn't acted so virtuous then, I would not be exposing you now.
Just to be clear, I rarely DAY trade - but actively trade.. there is a difference (do'h).. I don't actually recall buying and selling Debenhams in the same day but within the same week - my point about day traders is that they tend to pump on LSE and then sell out without selling on the spike - I stated when I purchased here AND stated when I sold - unlike most day traders - this being the element of BB day trading posters I detest - be honest about when you sell out - not just boast about when you buy in (btw why you care what I did here is beyond me - you be better off focusing on your own stuff)..
No apology Nigel? Never mind, will just leave this here again for everyone to see what a hypocrite you are.
""Who do I think I am? Someone who has been in LSE for years and can't stand the DAY TRADERS"
"TRADED the share - making sure I did not keep a material amount investments for any long period due to the well known risks. "
I've subscribed for 28 days using trashmail.
You might be able to sign-up for email updates for the Chancery Division of the High Court:
https://www.judiciary.uk/judgments/page/2/?filter_type=judgment&search=chancery&tax-single-judgment-jurisdiction=-1&tax-single-court=887&date-range-after&date-range-before
It's basic, but they do publish the judgements.
If you are keen to hear first. Sports Direct's lawayers, so I believe, are Soosmith's:
https://www.shoosmiths.co.uk/
Otherwise, just wait on the RNS & update to Debenham's IR site https://ir.debenhams.com/news-releases
That's if it ever gets to court.
Well the Bath store has apparently not been receiving new stock.accordinf to someone I spoke to ..btw the apologies should come from SPD for suggesting a 5p offer was pending which never happen and the BoD who didn't try to keep a listing via any D4E - still sure the option they took was to lock MA out. The only thing some of us BB posters were guilty of was being too hopeful of a bid or continued listing. Remember the company continues to trade.. .
Delay in preliminary results announcement
Sports Direct announces that the publication of the Company's preliminary results for the period ended 28 April 2019 will be delayed beyond 18 July 2019, the date Sports Direct had expected to announce.
"The reasons for the delay are the complexities of the integration into the Company of the House of Fraser business, and the current uncertainty as to the future trading performance of this business"
Perhaps MA will provide an update to everyone on Thursday with Sports Direct’s results on how his court case with Debenhams is going?
One of the legal challenges brought against Debenhams regarding the department store’s CVA has been withdrawn after negotiations between the two parties concerned.
In a statement, Debenhams confirmed that following “positive, constructive discussions” with M&G Real Estate, both parties have “resolved their concerns” and agreed to withdraw the court action related to Debenhams’ CVA.
https://www.retailgazette.co.uk/blog/2019/07/mg-withdraws-debenhams-cva-court-sports-direct-challenge/
Nige's account has more holes than a swiss cheese.
Claims to have an investment strategy and that he doesn't gamble then admits that he gambled on literally one possibility taking place, that being SPD's possible offer.
Claims to hate day traders, yet is quite happy to indulge in a bit of day trading himself.
Claims to approach investments long term then tells us all he sold out on a 2-3p spike.
Still waiting for an apology, a proper one.
Knigee have you ever once looked at the previous 5 years of company accounts in detail before picking a share (not investing picking)? My definition of investing is safety of principle and adequate return. You don't seem to have one other than random picking of risky shares as you call it. Cash returns a significant loss over time, have you ever heard of inflation. Please educate yourself Try and build a little awareness and read books to learn. As I said before you don't seem to have the good sense to take such comments on board. Anyways its your money that your losing/investing!!.
BTW in hindsight I am happy to admit not only did I call this wrong but I was too positive - but I really doubt ANYONE trades on the comments of a BB poster... without repeating ourselves - a few of us felt SPD would make an offer - they did not .. I sold - and said so before the delisting which the company clearly stated would happen on x date.
We can all call an investment wrong - if anyone purchased shares here because of comments please say so. Just as I would be interested to see if anyone sold at sub 2p before the spike to 4-5p on the posts of the shorters. I am trying to move on and only look in on the thread every other week now - why can't you?
RNS OUT - interest bit ""I am pleased that M&G has recognised the necessity for the CVAs and that as a result of the discussions we have had, it has withdrawn its challenge. I call on Sports Direct and CPC to do the same. If they do not, we will seek to have it thrown out. In the meantime, we continue to make good progress with the company's restructuring plans."
Meta - just read your post before logging in (a downside to filtering) .. if anyone asks me to apology for posting on here and somehow traded because of my comments - I will do so. I was not dishonest - I did NOT day trade BUT I was an active trader - meaning within a few days I sold after buying AND I did say so on the thread.
Now when are YOU going to be honest about your agenda here at the time - were YOU and others who suddenly appeared shorting the share - yes or no - be "honest" :-)
Nige, when are you going to admit that you are being dishonest about yourself and apologise to everyone?
That is berating people for day trading whilst doing it yourself.
Will leave your quotes here again for everyone to see:
""Who do I think I am? Someone who has been in LSE for years and can't stand the DAY TRADERS"
"TRADED the share - making sure I did not keep a material amount investments for any long period due to the well known risks. "
Just a suggestion - but if you need to mention me in a post - at least get my user name right, thanks. I will repeat, I will shares in various brackets - low risk, medium risk and high risk. For years, Debenhams was a medium risk share and I would argue it was only in the last year before delisting that it became a higher risk share (eventually an exceptionally high risk share - and the warning was there by the BoD). Money was made here ... money was lost here...
Personally I have made some of my money in property - but even property has cycles and I have bailed out due to expecting a long overdue correction. The only true safe investment is probably cash - but with a return of 1% p.a. it's safe for a reason.
Re Debenhams - we should get an update on trading soon as even though the shares are now delisted I suspect the company will be minded to update the "market" occasionally.
Lol Pearls.... Fair play
Have to admit that I would not be surprised if a number of the shoplifters were ex-shareholders. Perhaps there's a bit of 'robbing Peter to pay Paul' here?
Silver is it true yourself, Knigee and Pearls have been spotted in the Dunfermline area???
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.
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.
Meta, presumably you are similarly learning a lesson or two on Kier. We're not all perfect.....