Member Info for Hexam

“I really don't think anyone actually thinks the sp fell due to Frasers buying.”

Clearly they do judging by some of the other posts (not yours). I don’t think SCB was referring to you as your meaning was clear - it’s the madness of others that he is calling out.

Have to disagree with you on this one FED. I think Frasers will continue to reduce their holding and expect to see more notifications of them doing so in the coming weeks (there are lots of chunky sells going through today).

I don’t think they are that desperate for cash that the £5m from dropping their stake by around 1.7% makes that much difference. I think they are just cutting their losses with their failure to exert any influence over BOO. I could be wrong and if there are no more notifications before Christmas then this would show that I am. Let’s see.

Why on earth would Frasers want to drive the share price down by selling their own shares - it makes no sense. They are selling their shares at a big loss which suggests to me they have simply given up trying to exert control of the business (and don’t want to make an offer) and so have begun exiting now that the sp has recovered a bit.

“The money is not in youth brands”.

Really? Even if all their forecasts come true (which hasn’t happened much at all lately) they only expect Debenhams to grow by 11% per annum (decent enough but hardly the growth of a ‘super-charged’ entity) and in FOUR YEARS time to contribute just £50m EBITDA.

Compare that with when the youth brands were doing over three times that just a few years ago.

Those days may be long gone but there is no way Debenhams alone will get the business back to where it once was and if it wants to get even close a lot of the heavy lifting will still need to come from the rest of the business including the youth brands.

I can’t provide evidence that they are not still in commercial negotiations for the simple reason that I can’t provide evidence that they ever were.

This whole charade keeps going on the basis of no evidence being provided for anything - and I don’t think that’s in any danger of changing.

“Method C has been prioritised while Method A & B are stuck on commercial negotiations.”

Commercial negotiations, really??? More like they ran out of possible excuses for A and B and are now scraping the barrel with method C.

Btw if you are going to start a sentence with “Its because your an idiot and cant read” then probably best not to have three separate errors in it else you come across as a bit of an idiot yourself.

"Neither you, I or anyone else really knows how the principal works"

Is FG a headmaster now as well as a professor? Now that is breaking news 😁 (and no, I don’t know how, or even if, he works either).

I thought of that too but all the other GMV and revenue figures exclude PLT - so to suddenly include it because it gives a better story would be disingenuous at best - but as you say there is lots of other misinformation in that presentation not to mention tons of spin and a sprinkling of errors.

“Is that not a mathematical impossibility?”

Exactly.

“They are referring to gmv declines rather than revenue, they are also only giving a comparator by each quarter through one financial year”

But have you worked out what they are actually comparing as the declines on the graph aren’t possible given the H1 decline of 19%.

I’m afraid not as it is an AIM stock, not main market, so it is not eligible for the FTSE 250 whatever its mcap.

Percy - SCB is so obviously male. Nice try though.

Misogynistic much Percy?

Thanks for your concern but you’re being a tad presumptuous - I’m happily retired so not looking for work.

“Do you lot not have jobs???”

I don’t. Can’t speak for others.

It’s not the reward at £3 that is the issue for me - like you I think that’s just a marketing ploy. It’s the millions he gets for the getting the share price to just a fraction of that and all without any shareholder approval that annoys me.

£3m at 40p

£8m at 50p

£14m at 60p

Etc.

Fair enough but since your thoughts only ever seem to consist of optimistic but groundless predictions of what the price SHOULD do later the same day or soon beyond I can live without them so another for the green bin.

You were saying 26/27p yesterday and that didn't happen either. Will you be saying 24p tomorrow?

"Quite telling Frasers don't want the share price to hit £3 despite holding 29%. "

But that's not true is it? In fact they said shareholders will be happy if the share price hits £3. It's the bonus scheme they don't like and the avoidance of shareholder approval. Personally I agree with them - it's an obscene scheme showing total disrespect to shareholders but I'll be delighted if the sp hits £3 (though I doubt even Dan thinks that's possible - it's probably just in there as a ridiculous target to get the more gullible shareholders excited and a distraction from the crazy amounts he will still get paid if the sp falls well short of that).

Not as ridiculous as your post back in the day imploring people to buy when the price dipped below £3 as they would never get the chance again.

As least JH was wrong by only pennies - you were wrong by pounds (and years).