Member Info for KNIGELK

There's a big difference between shareholders being wiped out and the company continuing to trade and able to do a CVA etc. This is more painful for shareholders. Seeing their company trading and perhaps recovering and having to say in this or being part of any subsequent recovery. I know from my experience with Yell/HIBU. Frankly it stinks

Now that this is almost over - one way or the other..were will we see you next?

plain or sesame?

...so will the PPF....

Well perhaps you should be telling others - not me then - because a number of posters here are buying because they think a bid is a sure thing... I agree.. it is not... if you read between the lines a number of conditions have to be met and I think if MA was going to go hostile he should have done so a month ago - very late in the day now isn't it?

We agree for once.. I was really trying to make the case that both parties could be up for various legal action if they are not careful - depending on the outcome here.. I have fingers and toes crossed an agreement can be reached because - unlike Brexit - this cannot be kicked down the road...

Well one can also say that SPD should not be hinting at offers (5p) is they never intended to make one .. other shareholders may be acquiring shares based on this assumption .. being lead up the garden path -- let the BoD and MA sue one another - it doesn't help all the other shareholders does it?

I hate to break this to you .. but... LSE is a DISCUSSION website - which means anyone can post on literally any share and Debenhams is the No 1 topic for discussion at the moment. OK - some non holders are posting more often on here than is healthy but it's their right - many have traded this share or are interested in the outcome..
BTW I never understood the need for the deadline today - as discussed a while back - the annual report stated the company was a going concern for the next twelve months - so the key question I want answered is why did it come to this? Why the sudden need for £200 million? Is it just to lock MA out? (it appears so).. the company had facilities in place and headroom so its unclear why this extra money is needed (CVA?) or why NOW?
Still unclear too imho what actually happens at close of business tonight - I don't think anyone can presume anything here any more!

AlwaysSwimming, I am still amazed you think posters will trade on BB comments. (If any do, they are mad). The RNS in itself seems ok but all recent RNSs need to be read to get the full picture. A number of outcomes are still possible here and today may be good for day traders (like me) but the risk of suspension early tomorrow is still there and we need an update from Debenhams now gla

Don't worry yourself then. It doesn't appear you have any position .. I am concerned for other reasons. It's not been fun for the employees .. landlords.. suppliers .. and the impact in the high street either.. shareholders are just one link in the chain...Debenhams failure - if it happens - will have a big impact .. there are quite a few concessions in the stores too!!

Well then the question should be "why is a 29.9% long term shareholder being treated as an outsider?"
I'm not his biggest fan, but the BoD have turned down every proposal he has made over the last month, and sorry but it feels like they are more interested in keeping their jobs than protecting all parties including the shareholders.

When has VOD ever been "exciting"? :-)

..that you believe anyone will trade on the comments on a BB thread - as i have said many times, if ANYONE trades because of BB comments - they really should not be allowed to invest -- use LSE as a source of information - as a source of opinion(s) - as a source of reasons to buy/sell BUT never to use it - just in itself - to trade.. DYOR - read the RNSs - news articles - financials - work out what you can afford to invest/lose - then, and only then, decide tomorrow whether to buy - hold - or sell (personally I am sitting on the sidelines until it's clearer - it's been stressful enough trading this over the last few months - but GL to all invested here - MA is a shareholder himself so I just about believe his intentions are pure)

You can be so insensitive. Their customers have not died off.. have you heard of a thing called the internet? Even my 75 year old mother uses it.. and she has made a purchase via the Debenhams website!! Ok!!!

Maybe it includes the £200 million bond issue or it's the total facilities not the actual debt. I can't believe that the debt has doubled either....

I thought all shareholders were entitled to ex-rights shares? A placing is different. Been in too many (usually AIM) shares were a discounted placing has taken place but not been asked to take part. Also remember SPD cannot go over 29.9% without makig a bid (?) so underwriting a rights issue almost certainly means increasing the SPD holding... Personally expect BoD to say "no" to MA and let the pre-pack happen. TBH there isn't much MA can do about it as legal action takes time ...

Last point. He would wipe out Debenhams debt ...by replacing it with SPD debt (or shares). He still has to find/borrow the £500-700 million from somewhere .

No need for yet another personal dig. You must be unbearable in real life. Fair enough, but I question the £700 million figure. I reckon it's nearer £500 millions.. others will mention the billions in lease liabilities. We can both agree it's a heck of a lot.

We keep picking figures out of thin air re the debt. It was a little over £300 million at the year end. Now some say it's £700 million. With or without the bonds? Why a £400 million increase in eight months? Funds for the CVA? So much is unclear here.
I don't see a bid happening - it would have by now. If it happens it must be 7am Monday or forget it. I hope I am wrong.

..trying to add... the share price is way too low gla