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Fair enough... your posts are there for everyone to see though. Blatant lying about a balance sheet isn't smart and expect some follow up as i've said. Cheers :)
I haven't back-tracked :)
Not interested in your back tracking - it's what you said. Simple as that.
I put it to you nickel I have substantiated my observations. Sorry again if this is not an opinion you want to hear.
The simple point is this nickel. If it is reasonable to say a company make make future loss and even a growing loss, it is realistic to say that it may have to increase its debt position, and that that debt would become unmanageable.
As i've said a few times now and you're digging yourself a bigger hole, this is what you said....
"Valuing earning in a business with growing and unmanageable debt"
Forget the interpretation or opinion spill, you said it not me. It's absolutely clear from the RNS that net debt is down by £20m. And here is the FT:
"An equity offer raised £100m at the start of June, the sale and leaseback of its King’s Cross headquarters, known as the Ugly Brown Building, raised another £72m. That gave Ted Baker a net cash position of £57m at the start of July. Excluding the new funds, net debt was £20m lower than the first quarter at £116m"
What is the headline comment - "Excluding the new funds, net debt was £20m lower than the first quarter at £116m"
Now I suggest you give up repeating your agenda over and over for the reasons already stated as you are putting yourself on the line
I have no agenda. What lies?
Sorry... different day and age. You can't just spout lies when your agenda is clear (80 posts, total focus on TED BAKER) and your posts about the balance sheet are totally incorrect. There's plenty that don't take this kind of thing too lightly now.
I stand by my comments, they are fairly self evident. Sorry if my opinion is not what you want to hear.
You said what you said, it's as simple as that. You are now trying to back track as you know the possible implications. There's a lot of CIty money that backed this and 75p and certainly won't appreciate your blatant lying. If you don't want this to go further I suggest you give it a rest pretty quick :) :)
It is also important to note that debt balancing was only achieved through a rights issue that diluted share holding. The business is currently Likely on track for another loss, maybe an even greater loss.
Nickel and as I have said this relates to likely future losses compounding debt.
You have just said this:
"Valuing earning in a business with growing and unmanageable debt"
This is blatantly incorrect as you only well know and posters who take issue with the like will certainly report it.
I'm for shorts and balance but not plain lies. Shorters got caught out yesterday by the size of the net cash position... it's that simple
Sales are down 50% Vs last year which was already a Huge loss. This is more than fair reason to anticipate future losses.
Ocean, in the spirit of balanced debate, your view of a loss is a future view, which will (if it occurs) impact the SP, granted. However you can't be certain of that occurrence yet you comment as though it is fact, its this latter point that is frustrating folks.
In fact I have not said debt is growing, but that it may have to grow is continued net losses are realised. You are welcome to do your own research and make your own decisions, including ignoring self evident critical opinions. I am sorry if my view is not pleasing to you.
hes suffering from heatstroke after going overboard yesterday. search party too ages to find the poor lad.
Ocean - one poster has already reported you and others will follow. You have already lied about the companies debt and that's not something to take lightly in the markets these days. You have barely 80 posts to your name, the agenda is very clear.
Ocean - you're barking up the wrong tree, i would suggest going back to the drawing board. I can't take you seriously as you also just said debt was growing........... it is not. TED have just reduced by around £20m vs Q1!!! TED are not in a net debt positon but have a robust NET CASH position where inventories will also be turned into cash. They have already communicated how ungeared the balance sheet will also be in future .... Net debt/EBITDA of 1x or lower!! If you want some good short candidates i'll happily give you some. You have missed the short call in TED when it was much, much higher... not down at these levels lol lol
How is debt not manageable? They're in a net cash position? So they could pay all debts off tomorrow if they so pleased. New CEO will be laser focused on the online offering, has serious potential to grow from here IMO (Ocean reported for misrepresenting position)
Is it really ridiculous nickel? Or just an obvious truth you don't want to hear in a balanced discussion.
Saying a business forecast to make a growing net loss with already unmanageable debt levels and cash that will soon run out it not ridiculous. It is likely. The only thing that is ridiculous is saying this is not true. A business that is operating at a growing loss will enevitably have to raise more cashflow through debt or another rights issue.
Ocean - as i said don't post ridiculous comments as you make yourself look very silly. I'm a natural bear but i don't call out the absurd. Borrowings are not increasing, they were £20m lower than the first quarter and overall the company is in a NET CASH position of almost £60m!! You are at risk of being removed by admin on here if you spout lies so re-consider your approach.
No panic from me. I took a very large profit on the short but have now gone long as a 20% free cash yield and 1x ebitda is just good down at these levels. Those that wanted to go short should have joined me when i called it at 1000p not here as they avoid wiping out their accounts.... :)
Valuing earning in a business with growing and unmanageable debt isn't a good measure. Although understand there is nothing else to value in this company.