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still not over debs pearls? i swear you must stalk MA over your losses.
Unfortunately he won’t do it . Mores the pity
AND make a lot of people very happy! Greedy Barsteward
My advice to SPD (I know, they will not be listening) is to have a rights issue.. NOW. While the share price is still at a decent level to allow a decent fund raise - strengthen the balance sheet as high street retail is likely to get worse before it gets better. While not mentioning any other share - I can think of one or two that did not have a fund raise and subsequently their share prices tanked...
Pearls that suggestion is daft, if buying HOF has caused these problems, can you imagine the trouble SPD would be in had they bought DEB too?!?!
Perhaps MA will give us all an update on his court case over Debenhams? I too lost a packet on that so if anything can be retrieved, would be eternally grateful.
Still think MA should have bought DEB - the merger synergies with HOF are obvious to anyone.
Well I lost a sh#% load on Debenhams. Not as much as SD investment. Since then SD has been active with share buyback in my opinion to prop up SP and overlook huge loss
Now House of Fraser looking glum.
Was the writing NOT on the wall before taking on a elephant like house of Fraser And yet still BOD wanted Debenhams
No one can reverse time. And time says Amazon
Times up on retail
Holders going to be punished today.
Have to say was in the Bournemouth House of Fraser the last couple of days. What a disgrace, what was a beautiful store is now filled to the floors with trolleys of clothes, not much in the way of presentation that used to be th case. The final embarrassingly cringeworthy item to note was that in a bid to attract the younger clientele they were pumping awful Grime music throughout the store and even in the cafe restaurant at the top where it was embarrassing watching the mainly retired clientele listen to such rubbish. Oh and the store had no customers less than 40 (I was probably the youngest at that point) so the rubbish grime music was repelling me rather than pulling in punters I'd suspect.
Seem to be showing MA how it's done - make your stores and offering better rather than buying department stores and filling it with cheap dross.
Interesting RNS yesterday entitled as above. Maybe the board of SPD should take a look a long hard look at their actions and realise that they are doing exactly what they suggest the board of directors at Debenhams did to them over at Findel. By whatever means, the barrow boy and his fellow thugs have successfully halved our share price at Findel to try to acquire us at a ridiculous knockdown price. For the first time Ashley has experienced the pain of losing money as a shareholder of a business and he don’t like it. If as the RNS suggests SPD hold large and small fellow shareholders in high regard, give us an offer that fairly reflects the value of our business. I’ll give you a clue, it starts with a 3 ! We will not be holding our breath, and we won’t be selling our shares for the derisory £1.61 mandatory offer.
needs to get deported. I've applied to Spaniards for a credit card and looking into store cards and the Debenhams ones have been sliced in two. That said I'm sitting in Sainsbury café reading the Daily Record (about all I can manage at the moment) couple of weeks ago and their top guy is talking about the House of Failure, data grabs, unfulfilled orders and holding onto folks' money for 14 days. Give me a reason not to become a John Lewis shopper please. I know I've seen it a High Street with a spd, Flannels and M& S and not much else. Can I sue Homebargains for sheets that have dyed my towels a different colour and bobbled at the first wash.
He and Mr. Odey, Robin Hood and Friar Tuck.
I can't disagree with a word of that RNS.
I do hope MA manages to get the DEB prepack reversed, but I accept this may not be easy. However, there was a clear abuse of sections 2.1 and 2.8 of the Takeover Code, and shareholders in Debenhams should have gotten the chance to vote on Mike's offers. Now SPD has to write off this investment which is not fair.
I cannot see how a prepack was permitted given Debenhams had banking facilities valid until next year at least which were only half used.
Bagpipes AC/DC "Thunderstruck" with flames Bad Piper
I think you'll find Mike Ashley is about to buy Debenhams and all other purchases - Game, Findel, etc are on hold until that big one is concluded. Hence the currently falling share price as the market is now starting to factor in a paper bid using SPD stock for DEB purchase.
The firm has also bought 50 per cent of GAME's relatively new Belong brand for £3.2m ($4.2m) in February 2018, in addition to providing £55m ($72.5m) in capital for the retailer as part of an on-going collaboration
Presume it will be a cash and shares offer using SPD stock as part of the deal. Should be far cheaper than just using cash. It is all a question of what the big institutions will sell out for, 5p is too low, but the year high of 22p is too much. I believe the Board of Debenhams are haggling for around 15p for a recommended takeover, so we'll have to see what happens.
Once the deal goes through, am expecting significant synergies and also for the Debenhams store card to be valid at SPD.
Time to hold your nerve...
It's not what it was yesterday.
Themuir.... where do you get the 100 million profit figure from? I thought it was a 481 million loss! We can’t both be right!
Good to be in again :)
UP this goes again haha
sports direct might takeout Game Digital GMD?
Ehh? he's lacking confidence? He wants to buy a business that makes a 100 million a year, he's said he's interested... he has 150 million invested, he's trying to oust a failing Bod... explain why he lacks confidence please.... a billionaire business man that owns ghalf of the high street?