Member Info for HK85

Daniel you’ve mentioned earlier that you have seen few situations like the current one of DEB, do u reckon is there a possibility that the share price could open higher than its current level tomorrow, only your opinion and not an advice
Thanks

I have bloomberg trading terminal and TR Eikon I’ve checked both and the probability of deb defaulting was showing as 2%!!

Daniel the thing that is eating me inside out is that I’m a treasuy dealer myself i trade fx and bonds for living at my investment bank I’m barred from trading fx and bonds for my personal benefit as per my bank’s policy because they regard it as a conflict of interest and yet i fall in trap by a misleading bod who have been assuring shareholders that everything was still under control

Pearl I’m a shareholder myself and i risk loosing 86K let’s keep it professional and not take out on daniel simply because he is sharing his views on the current disastrous situation, if you should have a go at anyone it should be those scumbag misleading BoD who have been feeding us B/S over the past few months

Daniel do you reckon the share will be tradable tomorrow or suspended just an opinion and not an advice

Yes daniel i was under the impression that there will be shares dilution but not being wiped out

it's very misleading from the bod, couple of weeks ago they were updating the market that they were in advanced negotiations with their lenders re the financing restructuring without any mention that there was a possibility of shareholders being wiped out and just on friday they mention that could be an outcome

upside what is the timeframe for shareholders to be wiped out? is it this week or it takes longer than that once they receive 51% back up for their consent solicitation

Thanks daniel one more thing if and only if MA decides to make a bid for DEB can the BoD reject it on the spot or they are legally binding to pass it on for a vote?

Mean to say subject matter expert

Daniel.f you seem be the subject matter on the current issue, in their RNS they’ve mentioned:
A successful consent solicitation would allow the company to enter into new money facilities and give Debenhams the ability to pursue restructuring options to secure the future of the business. However, certain of these options - if they materialise - would result in no equity value for the company's current shareholders.
What are those options that of they materialise would wipe us as shareholders

I hope MA reaches a deal of some kind with DEB over the next 48 hours so we don’t get wiped out

But the timeframe given by deb is too little for MA to take legal actions

Warik I’ve read the RNS yesterday it’s very ambiguous and little information provided. All what I could understand was that if MA is going to fire us we will screw all shareholders and save our jobs

Daniel what’s the possible outcome in the case bond holders don’t approve the consent solicitation? Will Deb fall into admin straightaway?

Can he not challenge the BOD and try legaly stop his share being wiped out given the fact that he’s trying to solve the current situation by initially offering 150m and another 100m for MGN but they won’t simply listen because they know come The EGM they will br fired

DC2007 so the possibility of MA making a bid for DEB as a is whole is zero?

Warik deb debt is circa 326m the only reason they are rushing to get the facility in place is to save their jobs and don’t give a chance to get to the EGM and fire them

I does make up to almost half of my portfolio, £86K is worth £13K now my best investment decision ever

I was too much of an idiot believing all the positive B/S the BOD haven been feeding us for months now