Member Info for bonker99

Someone else took/closed out £300k worth at 8.4p yesterday afternoon mate.

Musta seen my chart last night lol

RNS - CEO £100k buy at 8.3p.

Last thing councils want is (more) large stores like Debs closing so, yes, I'd suspect they're in a decent position to get some slack on their current cost base.

The clear reality is that whatever councils were able to value their city centre land at ten years ago is a country mile from the real-world value in the internet age so you'd have to think they're going to be willing to be flexible unless they want total tumbleweed city centres.

I had a quick scoot around on this last night - £30-35m profit pa, £320m in debt, £200m left available on that debt facility, Magasin du Nord up for sale, deemed to be worth c£200m.

Factor in a boost to High Street spending if the Tories follow through on their end of austerity pledge and it could be a decent turnaround from a £100m mcap?

He does seem to be on a mission which captures the attention at 8s :)

Well I just dropped a chart update for this - I liked 12s or 8s some months back and here she is at 8s - impossible call to know the bottom until she turns of course but if any of you want to help out with a sanity check here re MKS mcap @ 50x Debenhams mcap and why that should be the case then I'm all ears :)

Chunky :)

Given the general economic outlook I'd have thought mid range brands would do better than luxury brands but wtfdik.

Well it's interesting isn't it - join a couple of these up together and you could run the High Street how you want to with a marketing perspective that's complementary to each.

Afternoon.

I think that's a valid observation - bricks and mortar need to differentiate themselves from the non touchy-feely and cheaper internet shopping experience that the chav masses will go for.

If they can add value in-store then they can go right ahead and charge more for the goods inside. Moreover, the more their competition quits the High Street, the better for them as long as footfall stays stable.

I grew up going around those fantastic department stores as a kid in the 70s and they were amazing places to be - a far cry from today's experience - I'd love to see a return to that in the city centres.

An interesting proposition this at £100m, that's not a lorra money for a brand name such as this, assuming they're not completely fooked on the balance sheet.

I'd like to counter that statement but I can't for want of evidence to the contrary :)

The only thing guaranteed is that the other parties who drive this vehicle already know the answers mate.

Sorry, I meant to add - the cash position is neither here nor there for the forseeable to my eye. We'll do some more drilling ahead of the MOD DFS at end of Q1 2019 but what really counts is what kicks off after the DFS with proper known valuations available to the market.

I wouldn't take a blind bit of notice of what anyone says tbh mate :)

FWIW, my read is that we're capped something like halfway between where we are on paper right now vs where we'll likely be capped in 5 months time so with respect to buying or not then you've probably gotta decide on whether there's enough money buying in on this clear 1.8p pivot or whether the (faux) bears/manipulating HNW's have enough muscle to take her down to her current paper value for a monumental load-up ahead of the Spring DFS.

I've given you my take on mcap valutions re cash and stakes in THR/MOD etc earlier today - it's up to the "market" to sort themselves out now - some will obviously pitch in around here, others won't, and it's entirely up to you as an individual to make those calls :)

FWIW, I knew the approx starting number - I hadn't knocked the subsequent burn off - hardly a mortal sin lol but whatever floats their boat is fine by me ;)

Yup - LME copper stocks magically refilling too lol

That's one parameter going the right way - up to the spivs to make their move re our mcap now as far as MTR is concerned.

Whatever gets you off dude :)

Thanks Casey :)

Give us a number then.

Give us a number then.