Member Info for Coldspy

Auction

Price Monitoring Extension

First of many extensions? ;)

Shorts closing..

Weak holders mugged on the dip

Fishing trip by MM's

Picked up cheap stock, triggered some stops. All adds to the bottom line.

Now blue

Laith Khalaf, senior analyst at Hargreaves Lansdown, said: "In theory a deal could be struck, but relations seem far from cordial, and the Debenhams management look set on giving the lenders control of the high street chain.

"Mike Ashley's methods may be unorthodox, to say the least, but the Debenhams board needs to make sure it gives Sports Direct's offer proper consideration.

"The job isn't an easy one, but they need to balance the interests of shareholders, lenders and employees.

"So far they haven't given a great deal of detail as to why Sports Direct's proposals have been kicked to the kerb, while lenders have been handed the keys to the company."

Looks to me like the Board will be keenly aware that they're in the spotlight, and the question is there as to why they seem so keen on handing over the keys without proper explanation.

If expect to see them on trial for fraud if they decide to continue on their chosen path. They're not stupid so they will know the game is up. You try steal £150m from a billionaire you're sure to face problems.

GLA

I'm holding for the 5p bid

Agreed Jarv, offering way above and can sell a large chunk too.

Got to ask yourself why MM's are loading up on this 'worthless stock' ..

Shorters will be working to close, quietly buying. They got off lightly IMO. MMs always protect shorters too,

I'm glad DEB board are playing Mike hard, makes the Bid more likely. Less negotiation required. Straight up offer for the entire share capital. Will do me nicely

GLA

Sellers selling small number of shares. MMs happily loading up paying a premium. Either filling background orders or loading up for later.

Don't give yours away cheaply guys

As expected, a ew PI's of a nervous disposition selling.

More experienced ones adding.

Tell me when you see large sales and I'll say someone knows something.

Other than that we got an RNS just 2 hours ago with 1 x offer and 1 x potential offer in it. Not sure what all the fuss is about, at the very least they've got a lot of talking to do.

2 potential offers made publicly for the world to see

Yes the shorters are pretending its soo likely that its going into admin.

Nah, it's not. Whether these 2 offers are the final version or they are negotiated, one of them will be taken by DEB.

They don't have a choice. They can't simply pre-pack with alternatives on the table.

100% today should be possible. Go long, make some money today.

Itisagame Any thoughts on what DEB is worth with a secure future, low debt, £2bn + sales, reduced rents, and no doubt further improvements and efficiencies with the right management. I'll give you a clue, it starts with B instead of M I wouldn't worry too much about the dilution as the market cap will rise more than the dilution will affect. Its upside from 2p no matter what. 100% tomorrow for starters

Lol always winning At least Daniel F admitted he was short. I guess he closed and has gone. You panicking a little? Expensive day ahead for you buddy

https://news.sky.com/story/end-coup-attempt-debenhams-tells-ashley-11687113 New CEO in-coming BOD knew game was up as I said. Only so much they could try to shaft SHs in public Run for the hills you shorting b*stards spreading lies to devalue people's investments

@YinYang

The other story in The Times with a 5p bid would need MA to to refinance the group debt that becomes due and payable on a change of control. How would he refinance over £500 million in debt? No mention of that.

Do you think that if MA approached the current holders of debt (as he already has to request a partial write off), they won't jump at the chance of making him the 'Guarantor' of the loan rather than the current Debenhams company?

Hes a far better bet to get at least most of their cash back, believe me. At least Moodys haven't downgraded him to near junk rating recently lol.

They will happily transfer over the existing agreements IMO, likely accept the proposed haircut, and maybe even reduce the interest payments as lower risk now.

Also, the 200m with 101m already drawn down could still be cancelled. The terms are not good. Every such agreement by law has a cancellation period and we are well within it, probably 14 days. So I expect MA to move quickly and replace that agreement with a more favourable one. Perhaps a £5m cancellation fee will apply but in the long run will be better for him and Debenhams.

My thoughts

You contradicted yourself then Coldspy. You said if it was that easy they'd all be doing it and then went on to give an example of a company that did it. I gave you one example of a tiddler who done it 6 years ago. My point stands, it's not that simple and everyone is not doing it. Flybe perhaps was a bit of a scam too, they had massive debts and no decent offer though. They didn't have a billionaire and majority shareholder saying... (read the last bit) 'Sports Direct's letter to Debenhams states: "Mr Ashley's appointment would immediately relieve any pressure on the company's supply chain and he would be in a position to lead the restructuring of the company's stores and operations. "Sports Direct remains keen to be a supportive shareholder and financier." :)

KRSS and others who are pointing out that MA is a schizer who is just as likely to screw rest of us I don't doubt that and I'm not so naive as to think he has our best interests at heart However, on this particular occasion MA happens to be the Director of another large listed company, and therefore cannot afford to go around screwing holders. How will his own shareholders trust him after that. SPD will drop like a stone. Hes also made it clear this is a PR exercise to repair and improve his reputation. He wants to be the hero, not a villain. And he's publicly stated that he's had enough of shareholders being ignored and shafted. And is on a mission to right the wrong. So tell me, how likely is it that he's doing a deal that leaves our shares worthless and his ones protected?? Even if that made sense, it isn't going to happen. He asked people to write in, support his appointment. Then he's gonna turn around and f*ck the many who did? Erm.. No. Boom tomorrow, could do 60-80% gap up on open just for starters. Wouldn't be surprised to see 200% tomorrow. It is AIM, it is a very cheap monster of a company, it is ISA cash influx day, short squeeze is guaranteed, traders guaranteed as biggest mover of the day, massive volume, LTHs averaging down, Milestone could buy more, takeover or cash injection story running this weekend in every National newspaper etc etc..

All the shorters will be fighting with the LTHs to buy tomorrow. Holders with 10-15-20p averages who felt that it wasn't worth throwing good money after bad will now consider that they can double or triple their holding relatively cheaply, lower their average, and a better chance of making some money back finally. Some light at the end of the tunnel and DEB could now survive.

Always winning my backside LOL LOL Good luck tomorrow buddy. Better load up your account ready to buy on open. You don't really think it's that simple to wipe out shareholders when you have an alternative option? Trying to save your job isn't a valid reason to wipe out holders. Directors will be keenly aware that they are basically now f*cked. End of the road for them. They'll resign before being fired. If you could pre-pack and screw SH so easily there would be many more companies doing it. Simple scam. Take a loan against assets, loan gets calls in, you default, blah blah, various ways. TVZ done it few years ago, wiped me out. Directors there got away with it as there wasn't a billionaire majority holder..

https://www.thetimes.co.uk/edition/business/mike-ashley-plots-11th-hour-offer-to-buy-debenhams-zfb2k683r

Everyone below who thinks that lenders won't be seriously considering his offer are either deluded, don't understand, or pretending not to understand.

He is offering them what looks like 60-70p on the £ depending on debt level you accept as accurate. If they don't accept they face a very real risk of getting next to nothing. They are not necessarily Bondholders, who get 'first rights' but simply lenders and investors, banks and hedge funds. They'll want to snap his hand off. Wait and see.

Immediately the business is on a better footing. Add the lowered rents and DEB will be very strong going forward.

Perfect Storm indeed

Step 1: Shorters desperate to close
Step 2: Traders will buy shares
Step 3: Could see ODEY , Milestone increase holding
Step 4: ISA money flooding into market making it more buoyant - cash will be flowing in

Sounds good to me :)

Global, the Guardian article is not correct.

The picture will become clearer between now and Monday, however, I'm pretty sure that when the Guardian released (before everyone else) - they rushed it out. Editor might want to have words with someone about it.

Don't quote that one IMO . It's not correct