Member Info for johnson36

ApreSki

OMG

If a deal isn't struck with MA by the end of play today will he loose his 29.7% just the same as us ? or will he be included in a new deal with investors ?

I can't really see the lenders agreeing to writting off £148 million.

The Equity Issuance, which would form part of a comprehensive refinancing of Debenhams, is subject to a number of conditions, all of which Sports Direct believes should be deliverable with the co-operation of Debenhams and its existing lenders, including the appointment of Mr Mike Ashley as Debenhams' CEO and Debenhams' lenders agreeing to write-off (in aggregate) £148 million of Debenhams debt.

I think SP might drop a little bit on Monday. That is fine for me I will put a few more in my ISA that I topped up today with 2019 / 2020 allowance.

https://www.theguardian.com/business/2019/apr/06/persimmon-housebuilder-launches-review-drive-rebuild-image

This is just what I said at 10.12am today

Quote myself:
I do think MA will end up with Debenhams but I think he will do some sort of deal with investors and Debenhams that leaves us shareholders out of it.

MA:
The latest offer from Ashley could give him a majority stake in Debenhams if other investors do not participate in the rescue rights issue.

The deal would be structured so that stores would continue to trade without affecting shoppers or suppliers but shareholders’ stakes would be rendered worthless.

it looks like a lot of us have similar thoughts here. MA is not going to sit back and loose his £150 Mil investment and he doesn't give a **** about us

RachelsDad

Where would that leave us shareholders ?

I do think MA will end up with Debenhams but I think he will do some sort of deal with investors and Debenhams that leaves us shareholders out of it.

Anyone here have any ideas how he could do that ?

Debt was £286 million on 5th January. Where are these 500 / 700 million figures coming from just 3 months later ?

Regarding HSBC account and HSBC dividend payment.

Our dividend Payment for HSBC shares is due on Monday 8th April.

However I have just logged onto my HSBC investdirect plus account on Saturday 6th April at 9.00am to subscribe to this years ISA and have noticed I have received my HSBC dividends this morning.. How has that happened ? seems strange to me. Every other time I do get Dividends on the correct payment day but I haven't had them 2 days early before. Investdirect plus is the number 1 share account in my opinion.

Our dividend Payment is due on Monday 8th April.

I have just logged onto my HSBC investdirect plus account on Saturday 6th April to to subscribe to this years ISA and have noticed I have received my HSBC dividends this morning.. How has that happened ? seems strange to me.

I thought MA only has till the 8th April to make an offer ?

Scully12345

Where on twitter do i look ?

DC2007

I totally agree. I only thew £3000 (75000 shares @4p) at this in December, 2 days later it was 6p but my enemy was greed, I thought I could see 8p coming and doubling my money by the end of the week. It never happened, lol. I have have a few times since to get out with my money back but I am happy to see how this one plays out. It was a small punt.

Scully12345

So if MA only needs to get a majority of shareholders to vote to appoint him as CEO then surely he only needs 21% of shareholders to vote for him as he is voting for himself with his 30%

Scully12345

If MA buy the 70% now for £43 million @ 5p how much of the £560 million debt will he need to repay immediately due to change of ownership ?

Scully12345

I think that is how it would work with our nominee accounts

lokomo

Debt was £286 million in January. How has it got to £560 million ?

Emperor.

If you get a cheque that is no good if you had these shares in an ISA as you wouldn't be able to put the money back in if like me you use full allowance up on 6th april every year. I wonder if there is another option.

If you don't sell your shares I think you just get paid 5p for every share you own without any selling charges