Member Info for HK85

So true warik he may lose the chance of taking full control of debenhams in the meantime but his recent actions has proven he is willing to do anything to preserve his stake

Scully I’ve got £83K stuck at 15p trust me mate a firm bid higher than 5p, 10p or even 15p will serve my best interest, after all he’s been given 2 options by the bod and I highly believe the more cost efficient option for him is the one he will go for. We never know he may fund them and convince them to make him ceo

Warik funny how each one of us on here is trying to anticipate MA next move when he himself hasn’t yet made up his mind which option of the so called “milestone” he is going to choose!!!

I’m not too sure why everyone including myself expected to have an announcement from SPD right after the deb RNS or even over the weekend!! For all what I know MA was given a deadline till the 8th to choose from several options, he may not make an announcement until 08/04 if he chooses to

Sorry warik i didn’t quite catch your line about odey

Daniel one more thing I know the rights issue will be dilutive to SPD but wouldn’t it be a better option for them rather than getting wiped out. My understanding of option 2 is either underwrite a rights issue by the company or provide funding by way of a subordinated debt instrument on terms agreed with the group's lenders and note holders so SPD can choose the funding path instead of the rights issue

I’m good daniel thanks for your feedback sir

Scully to be fair to warik he’s in the same boat as other SH he is just stating facts, MA is fighting the BOD to preserve his stake I highly doubt that he cares about other SH, 5p is his potential offer if he bids however I genuinely can’t see his offer exceeding 6 or maybe and I stress maybe 7p. After all he’s a businessman and not a charity

Daniel how you doing? Given your exposure to such situations at your workplace, what’s your input on option 2 in the RNS?

Warik I highly believe that his preferable route will be option 2 as it’s more cost efficient in case he doesn’t want to see his SH getting wiped

Ironic in case you didn’t get the memo all shareholders turned against the BOD after their 22/03 RNS which indicated that shareholders could possibly be wiped out. MA potential offer announced on Monday could have simply been 1p instead of 5p and the BOD could argue f**k all with MA simply because after they announced the possibility of us being wiped out it shows an indication that they no longer look after our best interest as SH.

Ironic I like your post of 4.5p bid as if MA saving £6M will make or break for him. Come on dude try and be more realistic

Scully it’s quite simple a lot of shorters on here must have opened positions at less than 2.5p on the back of come Friday debt will fall in the hands of its lenders and bondholders. Even Odey Asset Management LLP who is the king of shorting hedged his position last week. We keep on talking about MA bid, he may not bid at all and choose option 2 instead the bod left the door open for him with a couple of options. IMO option 2 works out cheaper for him as he doesn’t have to pay bondholders outright

Nonstop posts since Friday, everyone on here became Dr. Phil and already knows what MA’s next move will be. Initial potential takeover bid was 5p when the market closed at circa 1.5p and yet we get few guys on here saying the bid could come at 1p!!! I just want to know what their rational behind such price, and pls don’t just tell me deb is in s lot of debt because I’m sure that MA knows their exact shitty financial position when he looked at their books last month and signed an NDA and yet he proposed a potential price of 5p to test the water

Scully it’s a dead end case arguing with the likes of thegreatmaze and others. If MA initial potential takeover bid is 5p a firm price will be heading upwards and not downwards. Rest assured even if MA acquires the remaing 70% stake you’ll still have people here trying to argue it. When MA initially offered 5p he knew the exact amount of debt DEB is in and the the fact that he has to pay bondholders outright and yet ge proposed a potential takeover.

Yinyang should MA go ahead with option 2 stated in the RNS, it will be a matter of time before he fires them in January revenge is best served cold. Besides option 2 works out cheaper for MA as he won’t have to pay bondholders outright as per the change of control clause

Warik thanks for your compassion mate, I’m done trying with deb as I told you before but i had a good day with Thomas Cook made 18k

Yinyang I’m gonna agree with you that his stake stands at 10m but why are you ignoring the fact that when he offered 150m earlier this month his stake was circa 12m and yet he was willing to give an additional 150m to DEB!!

http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190314:nNRA87qz3k

Scully I like your style how many have you filtered so far

Warik how are you? I hope you’ve managed to reduce your losses today. Tbh I’d rather have MA go with option 2 instead od bidding 5p or whatever firm price he ends up with, he initially wanted to splash £150M earlier this month so hopefully he goes ahead with option 2