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House of Fraser going in to administration is very sad news for all concerned. However, longer term this could benefit Debenhams with a new set of customers.
This share is bonkers... just went from +4.3% to -2% in a few minutes...,
"Oldtimer" - I would love to see the Danish branch sold for £250m but this also produced a profit of £26m. While a sale would pay down debt it would reduce profit from expected £35m to give a profit of £9m .....not exactly going to cause a massive price rebound. It's a bit selling the family silverware to pay off debt.
I think the writing is on the wall for HoF, they will be put in to administration in next 6 months. Mike Ashley may pick the good stores and turn them around. What ever is being planned will be massively in his favour. I am now starting to believe he will leave Debenhams to itself.
I'm trying to decide what Mike Ashley meant when he said he "will smash in to them" regarding Debenhams. Seems a strained relationship between them.... will he go for a hostile take over bid ? I agree with Debenhams that sports direct currently would not fit with the stores image.
Could Sports Direct be carrying too much debt to mount a bid for Debenhams ? Other concern is the shorts are not reducing. I am long a bought in at 21p..... this is just crazy currently.
I think this share needs suspending or investigating by FCA. I bought at 21p and the fall out n price is just stupid, there is massive collusion and someone is leaking sensitive information.
I believe Debenhams current debt is around £265 million. They are selling the danish arm of the business for around £100 million. Cut the dividend totally and a profit of approximately £40 million this year would turn the company around ?
This is about the Debenhams stores really, not the online sales. I went in to Oxford Street branch today and it looked good, lots of new clothing lines, cafe busy, perfume section very busy etc. The store looked good but was too hot with poor air con. The shorts will slowly reduce and this will come back over time. Agreed the debt is a bit concerning. I am hoping the demise of rivals plays to Debenhams strengths. Lots of empy boarded up shops out there at the moment so the issue is not just Debenhams.
Minus 4%.... based on new thing...this just takes the **** now. I bought at 21p a few weeks ago and this is in free fall. Company with great assets, profitable and lots of rivals closing! Totally rigged market
Well good news is a big close out of shorts over the last few days, they have been demolishing this stock recently. I see a slow steady Clln me back up to me d 20's now. Oxford street Debenhams is Clln rrently very busy a little by queues at the tills. I occasionally buy clothes online but only from known shops like fat face, French connection or debenhams, I don't see independent sites as a threat to debenhams. This share has a potential huge future ahead.
What's peoples thoughts on the good weather and world cup boosting Debenhams sales a bit over the last month or two ? I was in oxford Street branch last weekend excatly the time the England games was on and the store was pretty busy and definitely busier than other stores on oxford Street. Denenhams seem to have a fairly decent new mens clothing line, and an big sale on currently.
I gave up clothes shopping online a while back after most stuff turns up a slightly different colour or fit to the description. Debenhams also has a decent online sales website. I bought a mattress from Debenhams a few months back and the services was brilliant, would never have bought online. Hoping for a day end around 18p. This is heavily manipulated currently.
What do people think the chances of a rights issue are currently ?
Ok bad news for sure but minus 14% is over dune. Surely Debenhams will come out strongest in the end. Most of the rivals ( next, HoF and new look) are doing much worse. I got in a 22p and will sit tight on this one. What price did others buy in at ?
Lots of news around today about how sales have really picked up in the last month or so... hoping for some positive news to lift this soon...
Seems to be plenty of fairly big buys today👍
Morning All, so where do you see this in 4 weeks from now 20p, 26p sub 20 ? I am long so hoping mid 20's. I see Debenhams share price as under valued but am not convinced Mike Ashley is good for Debenhams.
While the ex-dividend date was always likely to pull this down a few % the news of House of Fraser closing their flagship Oxford Street Store can only play to Debdnhams advantage, being almost next door. Hope for a small bounce over next few weeks.
Article in The Times last night saying high street sales have leapt in last 2 months due to good weather, royal wedding and two bank holidays... hopefully this helps Debenhams sales take off...