Member Info for HK85

Upside you were absolutely right I should have taken your posts into consideration back in December and not just believe the BOD B/S market updates and RNS

Pearls just accept the fact that as shareholders we have lost i have £86K worth of DEB shares at 10.85p which I have to write off now. We were simply the collateral damage of a feud between MA and the BOD.

Jed

Further to the Company's announcement on March 11, 2019, certain members of the Company and its subsidiaries (the "Group") intend to enter into term loan facilities of up to £200,000,000 (the "New Money Facility"). It is intended that the New Money Facility will be provided by lenders of the Company's existing revolving credit facility (the "Existing Facilities Agreement").

Pearls it finished we were the victims of a war between MA and the BOD. Unless MA comes forward with a serious takeover bid, shareholders will be wiped out in order to keep their jobs and not get fired.

Safeyields he has to make an offer that matches at least the highest trade price over the past 12 months

Pearl I’m sitting on an £80K loss as we speak I’ve got in touch with DEB investors relation office to get some light on the current situation and i can assure you they are a bunch of useless school leavers

The situation got out of control, MA only left options is to submit a formal takeover bid for DEB because as we can see from all those RNS the BOD is no longer trying to serve the best interest of shareholders all what they care about now os saving their jobs and whatever solution MA is to propose will be rejected because they know if they accept his proposal should the EGM take place they will all be fired given their today’s action

As a holder of shares in DEB, i was under the impression that MA was the bad guy but given today’s RNS I’m fully convinced that The BOD don’t give a sh*t about us and are willing to do anything as long as they can remain in their comfy seats and don’t get booted by MA should the EGM take place.

Pearl the margin that Odey will be making at the current SP is very tight I highly doubt he is doing it for the sake of profit, it’s purely to squeeze DEB in the corner and give advantage to MA

Every adverse factor is already being priced in the SP:
Brexit uncertainty
Multiple equity market sell-offs last year
Risk aversion and the demand for haven assets
Fear of global economy growth slowdown
Finance restructuring
BOD coup
BOD silence

The current SP volatility is purely being manipulated by short sellers
Odey has shortened the share since last year and is uet to unwind his position

This was the only news that came out today on my TR Eikon

(LON) DEBENHAMS AND ITS CREDITORS LINE UP RESTRUCTURING ADVISERS
TRLPC
29/01/2019 13:58

UK retailer Debenhams and its creditors have appointed restructuring advisers ahead of a potential restructuring of the group's £520m debt, according to several sources close to the situation.

Debenhams has appointed financial advisers Lazard and law firm Freshfields. Bondholders have appointed Houlihan Lokey, while bank lenders have appointed FTI Consulting to advise on the situation, the sources said.

The group’s debt comprises a £320m revolving credit facility and £200m 5.25% bonds due in 2021.

In April 2016, Debenhams amended and extended its existing RCF, reducing the facility to £320m from £350m, extending the maturity to June 2020 from October 2018 with an option to extend to June 2021.

The amendment was agreed with mandated lead arrangers Barclays, HSBC and Royal Bank of Scotland.

In its Christmas trading update at the beginning of January, which showed sales down 6.2% in the 18 weeks to January 5, Debenhams said that it had net debt of £286m against total committed debt facilities of £520m.

The group also said it is discussing with lenders the refinancing of its existing bank facilities within the next year, which includes new funding options. It is holding off further asset disposals in the meantime.

A source close to the company said that it was now “on track to deliver full year profits in line with market expectation.”

However, on January 17 ratings agency Moody’s revised the outlook on retailer’s Caa1 rating to negative, warning that Debenhams’ refinancing negotiations could ultimately lead to losses for creditors.

“There is a risk that refinancing negotiations may not result in a timely and cost-effective solution and thus the process could ultimately culminate in losses for financial creditors,” said lead analyst David Beadle.

Debenhams’ access to fresh capital has likely been hindered by the slump in its market capitalisation, from £500m in late 2017 to around £50m now, Moody’s said. A series of profit warnings saw Debenhams’ shares and bonds tank in 2018.

Debenhams, Freshfields and Houlihan Lokey declined to comment, Lazard and FTI did not immediately respond to a request for comment.

HunSen I’m not too sure why you are under the impression that if you are to buy DEB shares you will move the market with your action!!

Upside all your posts are repetitive, i see no reason to keep on going back and forth with you.

HunSen if you want to post something at least post the whole article

David Beadle, Moody’s vice-president and senior credit officer, and lead analyst for Debenhams, said: “Today’s change in outlook reflects our view that there is a risk that refinancing negotiations may not result in a timely and cost-effective solution, and thus the process could ultimately culminate in losses for financial creditors.

“However, notwithstanding this and the company’s elevated leverage we continue to view Debenhams liquidity profile as adequate for the time being.”

Moodys still views Debenhams liquidity profile as adequate for the time being.”

jedclampit A lot of companies make losses and carry business as usual so it’s not strictly DEB besides in order for an administration procedure to be approved DEB is obliged to liquidate its assests before filling for admin. The thing that upside always fails to mention is “magasin du nord” its value can easily wipe DEB loan and they will be left with extra cash

Upside i see that you keep on mentioning that DEb will go into administration by the end of this quarter or at most by the end of the year. I’m not sure how do you see this happening when their loan is not due till mid 2020 and their bond is due in 2021.

I seems to me that you’re only building your opinion based on the current SP “The vast majority of analysts believe that the market price of a particular stock does not represent the true value of the company”. If to this moment you are not able to see that the share price is being manipulated by odey’s aggressive shortnening of DEB to serve the best interest of MA & squeeze DEB in the corner and that all other factors are already priced in, then something is definitely wrong with you!!

Realisticview I’ve asked you to share a link of where you’ve read and not your personal analysis

Here is a link that proves DEB has cash
https://markets.ft.com/data/equities/tearsheet/financials?s=DEB:LSE

Do the same a give me a link that says they don’t it’s as simple as that

Upside even if I’m to agree with your point 2, you have to bare in mind that the stores closures will take place in the next 3-5 years and not tomorrow so relying on your hypothesis they will keep streaming revenues for at least 3 years!! I tell you what they will keep getting revenues from those stores for 18 months only are you happy?

Realisticview could you share a link where you’ve read they have no cash

I’ve posted yesterday M&S net income against their total revenue and i did the same for for DEB if you don’t take into account the exceptional write offs that DEb did, DEB generated more income than debs if you work out their net income as a percentage against total revenue

Upside closing more underperforming store should be a good sign as they will be able to focus more on profit making stores, they will be able to have more of new stocks in the remaining stores as they won’t have to worry about stocking underperforming stores!!! I really don’t get your posts sometimes, you mentioned before that they had a lot of underperforming stores now that they identified those extra underperforming stores you raise a concern that their total revenue will decrease. The question is why should DEB care about revenues from underperforming stores which at most tend to break-even.