Member Info for johnson36

MA might loose his £120 million for his 29.7% but won't he just buy it out of administration for a whole lot less with no debt.

Debs is not showing as dealing on my IG account

https://www.thetimes.co.uk/article/ashley-hits-out-at-green-in-battle-for-debenhams-7xn7v6l98

Daniel

Can you tell us any of your other position now ? Long or short FTSE 100 etc ?

Has just said it's D day for Debenhams today.

The drop was more Brexit related. The builders shares didn't like the talk of a short extension. I long one would have of been better

TomE

Do you have an IG index spreadbetting account ? I find that is the best for live charts. Lots of tools on charts plus you can set price alerts. The price alerts come to my phone and also my Hauwei smart watch. You can just load lots of alerts and walk away from computer. Its great.

Why the over 3% drop today ?

Tom

Which house builders are up ?

Why would this need to go into administration right now ? Surely the BOD would choose MA £150 million offer before administration

https://www.dailymail.co.uk/money/news/article-6817481/Is-REALLY-Harrods-high-street-Mike.html?ICO=most_read_module&mrn_rm=rta-fallback

Depends how much money you have got in

What offers would you expect if it was up for sale ? The £286 million debt works out at 23p per share, so add our current price and you have 26.25p. That offer would get us 3.25p. Who is going to offer anywhere near that ?

esecallum

He is asking for 5% of shares in return for the £150 million interest free loan. Current market capital is £37 million so he would be getting just £1.85 million worth of shares at todays value. Would you loan out £150 million for £1.85 million in shares ? Yes he also wants the job of CEO because he doesn't want his £150 million frittered away

Loan Offered
https://www.bloomberg.com/news/articles/2019-03-14/ashley-spars-with-hedge-funds-in-battle-over-debenhams-control?srnd=premium-europe

Sports Direct has offered Debenhams a 150 million-pound ($199 million) interest-free loan that requires installing Ashley as chief executive officer, a move that would increase his stake to about 35 percent. The lenders’ group is in advanced talks to extend the same amount, in a move that would keep Ashley, whose CEO bid they’ve repeatedly rejected, at bay.

Pearls

How did you find that out on IG site ?

Pearls

How did you find that out on IG site ?

Nige_W

Why don't Uk builders us these blocks ? or do they ? They seem to be used all over Europe.

https://www.youtube.com/watch?v=z95d-Zh5Pgs

bbrinkw

How much annual return are you aiming for ?

I own shares here so I certainly do not want Debs to go into administration but if it does there is a guy ready and waiting to buy it.