Member Info for esecallum

Lok the dats was posted last week chevk it yourself by going back.The poster seemed to know what he was talking about.

Also you not commenting on my other ideas to make debs profitable.

Yes if i was CEO i would have closed 1 unprofitable store a week and forced landlords to cut rents by 50% at least.

If they refused close the store and use the stock in other stores and freeze buying of more of that stock.

I WOULD HAVE FINE TUNED SALES AND COSTS AND MADE A 100 MILLION AT LEAST. I WOULD BE ON THE SHOP FLOOR SMELLING WHAT SELLS. JUST LIKE ALAN SUGAR.

You missed the point.Are these staff really required or just golorified pen pushers

.I already posted how 50 to 140 million could be saved and sales increased.

I find it astonishing that of 2.5 billion sales they cannot squeze a profit of 100 million by fine tuning their sales and reducing costs.

Why did they no try to renotigiate these leases a 2 years back?

Where did the 100 million profits go 2 years go?

Why dont they stock what is selling and ditch unprofitable lines. with todays computerised stock it shoud be very easy tell what is making money and what is not.

ALAN SUGAR. :- SMELL WHAT SELLS AND STOCK THAT.

These figures were listed here by another poster last week and so must be genuine.They must be in the annual statement and costs.

I hear DEBS HAS 3000 staff at 70k per year. costing 210 MILLION A YEAR plus NI and pension costs =230 million

What do these these 3000 staff do considering only 200 odd stores. Any ideas and why they have not fired therm to cut costs?

That is 15 times 70k staff per store = 1.2 million per store cost. No wonder they are losing money. Most of their jobs can be done by clerical staff .Debs seems to be a gravy train for useless dogsbodies. I wonder how many are related to the BOD?

If he owns the company then he owns himself 150 million? Confusion reigns.

The article is contradictory...MA has stake.Then he is going to restructure so that sharholders stakes including himself will be worthless.

I hear DEBS HAS 3000 staff at 70k per year. costing 210 MILLION A YEAR plus NI and pension costs =230 million

What do these these 3000 staff do considering only 200 odd stores. Any ideas and why they have not fired therm to cut costs?

Including his own stake? That seems like shootimg yourself in the foot...

Mike Ashley has offered to underwrite a £150m shareholder rescue fundraising for Debenhams if the ailing department store chain agrees to make him chief executive.

The offer is the Sports Direct boss’s latest attempt to prevent Debenhams being taken over by its lenders and wiping out his group’s near 30% stake, which he spent about £150m building.

Debenhams set Ashley a deadline of Monday night to make a bid for the company, put in new funds or see lenders take control of the department store’s equity via a pre-pack administration deal.

The latest offer from Ashley could give him a majority stake in Debenhams if other investors do not participate in the rescue rights issue.

The deal would be structured so that stores would continue to trade without affecting shoppers or suppliers but shareholders’ stakes would be rendered worthless.

THE LAST LINE MAKES NO SENSE WITH THE SECOND PARAGRAPH. ANYONE?

He is biggest shareholder but is going to make his stake worthless? Confused.

3000 staff at 70k a year = 210 million plus n.i and other costs

sack 2500 save 180 million .pay of half debt year 1.
renogiate rents.if if landlord dont agree close 1 store every week until they get the message.reduce the number of floors in every store. close house of fraser or debanhams store and amalgamate into one.
reduce costs cut rents,cut overpaid staff. you could easily make 200 to 250 million a year.

Why is the BOD of debanhams so incompetant? who elected them? why are they not proactive?

I hear 3000 staff at 70k a year. Fire them and save 210 million a year and pa of your debts in 2 years.

is it true they have 3000 staff getting 70k a year? 3000 times 70000 = 210 MILLION.

Shocking. What are those 70k a year doing? get rid of 3000. renegotiate those leases and ypu could easily save 400 million a year.

why have the board not sacked these overpaid pen pushers?

is it true they have 3000 staff getting 70k a year? 3000 times 70000 = 210 MILLION.

Shocking. What are those 70k a year doing? get rid of 3000. renegotiate those leases and ypu could easily save 400 million a year.

why have the board not sacked these overpaid pen pushers?

sales of 3 billion a year. i am surprised they cant costs by at least 100 million or more to make some profit.

the leases need to go.

MA could buy then do a CVA tio get rid of the lease costs and reduce 4.5 billion leases to 2 billion

ITS AN OFFER OF AN OFFER.

ITS AN OFFER OF AN OFFER.

NOT AN OFFER

ITS AN OFFER OF AN OFFER.

ITS AN OFFER OF AN OFFER.

could he launch the bid next week or would it be too late due to the treacherous BOD on thursday wiping out shareholders?

surely he only thurday to bid as then BOD will sell out to creditors.So why April 18 being quoted?

What will happen to shareholders if MA gets DEBS? Will he able to improve the value?

price is 21.28 on 26th march 2018 then rises to 23 pence over the next couple of weeks to april.