Member Info for HK85

Lse2000 if you don’t know how takeovers are conducted why do you even bother posting!!

Requirement for a mandatory offer: Where a bidder is interested in shares carrying 30% or more of the target’s voting share rights, the bidder must make a mandatory offer in cash at no less than the highest price paid during the preceding 12 months (often referred to as a "Rule 9 offer"). Mandatory offers can only be conditional on the bidder receiving acceptances that, together with any shares already held or acquired during the offer, would give the bidder and its concert parties more than 50% of the voting rights. As such, bidders cannot rely on other conditions to protect themselves.

Pearls

Can you please elaborate on the part DEB is simply still a going concern despite those who want to buy it cheaply insisting it’s not. But then that is why the lenders are willing to offer a replacement facility. Talks are described as being constructive which is what you’d expect

Would this mean that the bid offer will be a multiple of the current share price?

I’m in at 13.82 and the way this share is going doesn’t look promising!!

Following your calculations it should be 32.5 pence

Could someone please explain what each SP will be valued at given the fact that MA proposed £40M for an additional 10% stake if he is to make a bid in the near future

mjones727

Retail sales figure for November came out on Thursday 1.30% higher than the market expectation. It’s a given fact that retailers are facing a crucial time due to deterioration in consumer spendings both on the high street and online caused by brexit, but this does not mean it’s the end of the world for the retail sector as a whole.

Pokerchips
Check it

https://www.dailymail.co.uk/money/markets/article-6456327/amp/Sports-Direct-boss-Mike-Ashley-suggests-House-Fraser-Debenhams-merger.html

PYUECK

The last time I’ve checked on my bloomberg terminal, the DRSK of Debenhams stood at 6.90%. As long as MA hasn’t fully acquired Debenhams we will always hear adverse news in the market about its survival. If he truly believes it’s going to fail why would he offer an additional £40m to a loss making business, back in September sports direct rejected the idea that they were interested in bidding for Debenhams and in December MA gave a clear message that he was interested in merging HoF & Deb what has fundamentally changed in this short period of time apart from battering the share price so he can buy it on the cheap.

Hi bistolover

One of the equity market problem is that it’s very sensitive to news. You wake up in the morning and read debenhams reports 500 mln loses, no one botheres even checking what those losses account for!!

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

Selling 0.15% of your existing 10.08% stake is not considered fast dumbing!! In simple maths they have reduced their investment in debenhams by 1.5%!!

This may not answer your question as no one knows what the future is hiding for debenhams including analysts who cover debenhams and give their recommendations, but lot of factors are affecting the global equity markets as a whole and not exclusively debenhams. A potential slow in the global economic growth in 2019, Brexit uncertainty, the Feds latest irrational move to hike their fed funds rate, continuous market sell-offs. Investors are dumping shares and investing in flight to safety assets instead for the time being.

Brandes reduced their stake from 10.08% to 9.93%, it’s a significantly low reduction.

Debenhams shares on loan to short-sellers are at their peak, I wonder who’s best interest does it serve to batter their share price so he can buy it at the lowest possible price. MA maybe!!!

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/DEB/13913148.html

https://www.ft.com/content/1808d18a-e9af-11e8-a34c-663b3f553b35