Member Info for Alexios

SportsDirect offer at 2.85p values Deb equity at ~£307M after restructuring with ~10.77Bn shares in issue with SportsDirect holding ~52.2% stake 5.627Bn shares and £300M Debt

SportsDirect breakeven drops to ~5.33p

Total EV of Debenhams of £600M

Tomorrow will be fun

Debenhams statement will be interesting to read

It's either this deal, which saves the equity holders leaving a lot of room to maneuvre for the sp to recover or pre-pack administration and all assets handed to the debtholders and listing suspended

There is a deal on the table at 2.85p

https://twitter.com/ITVJoel/status/1114835954710216705?s=19

The deal Sports Direct put on the table is at 2.85p

https://news.sky.com/story/end-coup-attempt-debenhams-tells-ashley-11687113

https://twitter.com/ITVJoel/status/1114835954710216705?s=19

Not a bad deal SportsDirect actually offering

Deal at 2.85p

Shares in issue after restructuring ~10.771Bn so ~307M Mcap at 2.85p

Debt reduced to £300M

SportsDirect will be holding ~52.225% of Debenhams after Restructure

Placing is happening isn't it

Keep dreaming lunatic

What happens next???

Jeyzus mate cheer up a little bit for once for ducks steak

Hi Noix,

Could you please explain what this means in easy(-ier) to understand language

Magellan Financial Group???

Thank you

Are they targetting Tertiary or Cretaceous?

https://twitter.com/RobBarronInvest/status/1112968872427220993?s=19

#MetroBank - #KeithCarby to Step Down as MP's are to probe contested £775m banking awards. #Metro #Challenger #Bank #MTRO

RRE 20p offer previously valued the enterprice at ~£63.5M (£25.4 + £38M Debt)

So with the new shares in issue the enterprice value increases by some £42M (166m shares placing, 20m shares open offer, 2.75m shares to BOD, 20.5m shares interest payment to LOG convertible debt = 209.25m shares added to the current shares in issue of 127m, so total shares in issue will be ~336M)

Enterprice value increases to ~£105M at 20p RRE offer (336m ×20p = £67.2m +£38M Debt = £105M)

Now why would RRE want to pay £40M more???
Not gonna happen

Terribly handled situation

Proceed with caution

This placing is not bailing the lenders out
The Debt is not reduced
So Debt is still the same at £38M and over £34M used already

This £16.6M placing and £2M oo already allocated for this years opps...

Hi DC2007,

They haven't increased on 18Apr 2018, that was their cfd position converted into shares.

Last time they bought shares and cfds was on 1Mar 2018 report

Sports Direct last bought shares 1Mar 2018, over 12months ago

12months highest price paid rule lapsed

They can offer any amount now

Research this one
Add £20M cash will be raised soon

Horribly overpriced IPO at 70p raising £5.2M with £219M Mcap IMO

Anyone please thank you