It comes to 110% LOL
Shareholders n hedges have shorted it - seeing it at 0 is a dream to many remember. Aimho. GL
Into the 1s today. Anyone 'topping up' ?! GL.off for breakfast. All shorts covered bar the ones im wearing.
Dyor.
Agree
We all make mistakes.
LOL !
£71,000 down? Youve bet the wrong way. Still £13K left to salvage.
Only £10,000 down then. Q is - do you salvage the remaining £40K or.... Gd LUCK :D
Theyve ever seen RNS after RNS re 8.3 and 8.5 forms etc., and it not ended in a d4e or cva / equity wipe out ?
I cant recall one. A serious question.
You know the expression Beggars Cant Be Choosers ?
Nah I am on hols - 50 weeks a year. I own a smart phone. And a business. Cheers.
There you go. WIPEOUT in black n white. Run for the hills whilst you still have a market to sell back to.
Both options would lead to existing investors losing their holdings in the company.
Agree. Those saying jam tmw are just trying to clear their books before wipeout. Its so obvious. I doubt many are really buying or holding now
Enjy yr day off to enjoy the sun n beach. Next week I expect equity wipeout here.
The dude who put 10K£ saying def going up - you are now 20% down and equity fading away. Be prepared to lose it all IMO.
Equity here is worth nothing - wonder who will be left holding the baby. The sell button is still working if you need your funds to live. If not then gd luck.
Cashed up. Sitting on side lines and expect a shareholder wipeout. IMHO.
Dont moan to me as I did warn...last rns is merely a formality. Refinancing almst complete without MA demands.
Why risk your life savings for 1-1,bet lol
Gd luck - off for breakfast at the beach club.
Cant say shareholders werent warned. gL all.
Business
Debenhams nears £200 million loan in snub to Mike Ashley bid
LAURA ONITA
14 hours ago
Click to follow
The Evening Standard
More than half its bondholders have agreed to tweaks to the 5.25% senior notes
More than half its bondholders have agreed to tweaks to the 5.25% senior notes ( )
Struggling Debenhams on Thursday pressed ahead with its restructuring plans after bondholders backed it, in a snub to Mike Ashley’s Sports Direct, which is mulling buying the business.
The department store chain needed bondholders’ consent to borrow £200 million from its existing lenders, including Barclays, HSBC and Bank of Ireland. This will allow it to pursue restructuring options to secure the company’s future, but could wipe out shareholders, such as Sports Direct.
The business said more than half its bondholders have agreed to tweaks to the 5.25% senior notes due in 2021. The rest have until 5pm to accept the offer.
Bagging a refinancing deal could derail a potential last-minute bid from Sports Direct, its largest shareholder. The sportswear retailer said yesterday it was prepared to pay 5p a share for the crisis-hit firm, valuing it at £61.4 million, if Mike Ashely becomes chief executive and Debenhams drops its current refinancing plans.
Ashley has been trying to take control in a number of ways by offering loans, saying he wants to buy Debenhams’ Danish business and demanding the removal of all board directors, except the finance boss.
HQ set for move back to Oxford Street
Debenhams on Thursday said it was moving its HQ back to Oxford Street in a bid to save cash.
The retailer’s head office had been above its Oxford Street store until 2013, and staff will now move back there from nearby Regent’s Place.
It has terminated the lease at Regent’s Place, which had been due to run to 2038. Facebook will now take up the space, while landlord British Land managed to halve its exposure to Debenhams.
The chain said the move will “deliver a material saving in our annual rent bill” of £230 million. It plans to make cost savings of £80 million by 2020.
More about: | Business | Debenhams | Retail
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Could be
Gd luck