Member Info for HK85

Interim statement as of 01/09/2018

M&S
Total revenue 4.97b
Net income 88m

DEB
Total revenue 958m
Net income The chain was plunged into loss by exceptional write-downs of £512.4m, including reductions in the value of its goodwill, stores and IT systems. Without this, it would have made a pre-tax profit of £33m.

https://www.google.co.uk/amp/s/www.bbc.co.uk/news/amp/business-45975321

The only difference between M&S and DEB is that M&S don’t have a major share holder who is willing to lend his shares to short sellers so that they can smash price down and serve his best interest in acquiring the company on the cheap.

Whenever I read the posts of those who claim DEB are making huge losses i ask myself what source are they relying on!!

I have shares in DEB and I strongly believe they will recover once they sort out their refinancing deal, i had shares in premier oil in 2017 bought their share at 50 and their share price shoot up to 110 in less than 3 months after they secured their refinancing deal

Dibeg two BOD got ousted last week, followed by a lot of adverse media and almost 20% of free float are on loan to short sellers. I see on here and in the media people talking about refinancing despite the fact that their revolving facility is not due till next year and their bond matures in 2021!

I’m very surprised the BOD haven’t made any statement as yet to sustain the current situation!!

Are you on bloomberg professional? We can discuss it on IB there and get more insight

Upside according to the chart attached in the article short positions had decreased slightly in late December which gave the SP a releive and was on the upward at the beginning of January, then as of last week short selling positions went back to 20%

Upside re the 20% short sellers you can check it on FT, it seems you only tend accept the news when it suits you and if it’s not in line with what you’ve been posting you simply refer to it as incorrect!!

Almost a fifth of Debenhams’ available stock is still on loan to short sellers, according to data from IHS Markit.

You can read the full article on FT

https://www.ft.com/content/4212b7d0-1591-11e9-a581-4ff78404524e

HH DEB could go back to 12 pence at most if they sort out their refinancing

Upside at some point this top world commodity producer was making a loss FYI

Upside check it for yourself if have access to FT

https://www.ft.com/content/4212b7d0-1591-11e9-a581-4ff78404524e

HH treat the current situation at DEB just like glencore back in 2015 the price slumped from circa 310 to 78, they had to cut dividends, minimise cost and even sale some of their assets. Look at their share price now.

HH Just don’t listen to upside he claims to have 2-3% of DEB short position in his investment portfolio and yet he only comments on DEB and nothing on his other holdings!!! He claims to work in M&A, restructuring and transactions and yet he finds a lot of time all day long to post comments

Upside I’ve looked at my eikon today all major shareholders haven’t changed their positions, only schroders have reduced their holding by almost 50% back in November.

I’ve also read an article this morning on FT, according to them 20% of DEB free float are on loan to short sellers, so this is the main factor that is causing the SP to decline

Come on guys give upside a break, all what he’s trying to do is care about your best interest and make you cut your loses so you won’t lose more money !! He has the biggest heart and very caring for people he barely knows

Upside given your extensive experience in the corporate banking world, how long before DEB goes into administration based on your balance sheet analysis?

Upside for someone who works in M&A you seem to know nothing about how takeovers are conducted, my advice to you is to read the guide to public takeovers in the UK. You keep on stressing that you don’t care much about DEB and its position and yet you post on here more than my wife has posted on instagram since its inception!!

Upside am I supposed to get impressed by you mentioning that you work in m&a, restructuring and transactions? I’m a multi asset trader at an investment bank so please you don’t have to mention what you do and try to give us the impression that you’re the professional one and we are the average joes on here. You can’t dictate whether or not I should sell my holding

They can’t fall into administraton just yet as they have magasin du nord as an asset. They initially bought it at £50M and they are looking to sell it for £250M. MA can try and block the sale for a while but if DEB becomes insolvent they will be forced to sale it before filling for administration.

Here’s the full article but I genuinely don’t have confidence in what she writes, to me she’s another upside_umo!! She was the first to publish MA letter to DEB back in December.

Mike Ashley's brutal assault on ­Debenhams risks tipping the embattled department store over the edge, the City fears.

Sports Direct’s billionaire founder last week dramatically ousted chairman Ian Cheshire and pushed boss Sergio Bucher off the board as he seeks to tighten his grip on the chain.

However, multiple sources warned this weekend that the aggressive move risks throwing Debenhams’ survival efforts into disarray.

It is in the final stages of assembling a comprehensive three-stage restructuring plan that will be put to its lenders in the coming months. The plans will begin with attempts to refinance its debt pile through a partial debt-for-equity swap; followed by the closure of around half its stores; and a fundraising from existing shareholders.

“Debenhams is coming to an end”, said Crispin Odey, who has a 5pc short position against the company.

Debenhams shop
Debenhams wants to shut around 80-90 stores to have an estate of just 90 stores but the only way this can happen is if landlords accept the department store is insolvent
Insiders said they were in the dark about Ashley’s plans, accusing him of “management by hand-grenade”, but expect the tycoon to try to block any refinancing that would dilute his ­investment. He is understood to be sitting on a loss of around £150m on his 30pc stake.

Landmark Capital, who he teamed up with to oust Cheshire and Bucher, is nursing a loss of around £10m. He is also expected to push for a board seat, though such a move is likely to be resisted by current board members.

“It’s Mike’s show now,” Odey said. The company’s share price tanked by a fifth on Friday to a record low of 3.8p, valuing it at just £47m, while its bonds have crashed to just 49p on the pound. Debenhams’ shares are now “priced for destruction”, an analyst remarked.

“This is negative for everyone, except Mike,” said a turnaround expert. Any attempt to block a restructuring will set the scene for an almighty battle between one of the high street’s most pugnacious characters and some of Wall Street’s most aggressive hedge funds, Angelo Gordon, Alcentra and Silverpoint, which have hoovered up around half its loans at distressed prices. It would also risk pushing ­Debenhams into insolvency.

Debenhams chairman Ian Cheshire was ousted last week while boss Sergio Bucher was pushed off the board but remains running the business
Debenhams chairman Ian Cheshire was ousted last week while boss Sergio Bucher was pushed off the board but remains running the business
The Telegraph understands that relations between Ashley and Cheshire deteriorated after separate ­attempts to become chairman, then chief executive, were rejected. Senior sources said Ashley had volunteered to resign as boss of Sports ­Direct if that happened, but Debenhams’

upside_umo you posted earlier today that MA is smarter than the bulls on here and yet he still holds 29.7% in DEB and hasn’t sold a single share!!

If you’re seeing that DEB is about to become insolvent why don’t you ask yourself the question why is MA still a major holder in such a loss making business. My advice to you is to go and get some sleep instead of keeping copying and pasting all the adverse news you read on the net.