Member Info for KNIGELK

Makes total sense to move into other countries. It's the only way to ever get to a point were revenue exceeds overheads. No figures as per usual on revenue but a decent size market ..

Not another (!!) "new" poster.. funny they all have the same view... O/T what happen with PatV is a scandal

That's out of order. Just because I try to be upbeat and positive doesn't mean I realise the answers are not easy choices.
Btw I agree about the shorters being emotionally involved :-)

It would definitely work with some stores - Bristol has 5-6 floors and a lot of students!! who knows...
Sain@vision - I am sure it is mostly the older stores under these terms - hence why the plan is for up to 50 stores to close.. there was an article recently that the final number could be 90 stores leaving a chain of 60-70 stores plus international - the high street will shrink - how much depends on if people still want to use their legs occasionally (I do)

sain@vision - I am a bit confused.. one minute you say the lands would accept £300,000 pa (in this case) yet you have also stated that the landlords will not be able to compromise much due to the terms of their debt funding?? Which is it?

I agree in part re the dividends .. profits were starting to fall.. and perhaps the dividends should have at least been cut (25% to 50%).. but my point really was that as far as I recall.. the dividends were still covered 2x by earnings.. agree in hindsight the current management may have done a few things differently inc cutting/suspending the dividends earlier (and closing a few stores sooner)

If several posters promote a share - say how wonderful it is - and some posters buy in on it - then it all goes wrong (up to now) then of course some posters will pick them up on it - especially when they disappear and never return to admit either they got it wrong or were misinformed etc. It happens too often on BB threads - single thread posters - only focusing on the positives - then went it goes wrong - they disappear - if they sell out and don't mention this - fair play - a few LTHs are still here debating but nothing said here NOW is going to change a thing

All we need now if for MA to buy PatV so that I can go into his shops - eat a cake - buy some music - and get some jogging bottoms at the same time!!!

If this ever comes back - the market value will not be at £583 million (pre suspension level) that's for sure .. so many questions - not many answers...

I think the simple fact (and not excusing the management) is that no one expected the decline in sales and margins to be so rapid... or the surge to online.. also if you look back - until recently - I would expect the dividends were covered 2x or 3x by earnings .. no one - at the time - were questioning the payment of the dividends!

Personally if I had shorted from 50p down to 3p I would be closing .. because the profit would be massive already and surely it is now very risky to continue to have a short position all for the sake of a little more profit? Of course if administration were to happen then the shorters will make some more profits (hence why some posters keep predicting this event imho).. the fact the short position is still 10% is mind blowing - they are now just getting very greedy imho

You didn't say if PatV was closed or just no one eating - it's not Debenhams fault that PatV might go bust this week... I believe Newport might be given government money via the regeneration programme re last budget. Obvious some shopping centres will adjust to more leisure and residential units - after all, we do need more housing. I agree some are in denial but if we were all as down beat as you the country might as well just throw in the towel imho

No one minds you changing your opinion - it would be daft to always have the same view on any particular company unless you had a particular issue ie. the management/sector etc. However, changing your mind literally every week is quite transparent - you just always want to be "right" .. when the rise is too low or rising - you say buy! When it keeps falling - you say sell! Just be a tad more consistent !!

Sales at the HoF department store have tumbled by 60pc over the 12 weeks to 18 December, according to figures by Kantar Worldpanel, seen by The Telegraph. (and we thought Debenhams had a problem with -4%)

Interesting debate (for a Sunday!!) .. sain@vision - as I keep saying, Debenhams are at fault for agreeing to these terms but it is NOT the fault of the current management - when private, the investors took all they could out of the company and left it in a weaker position - what do you expect when valuations are falling, high street sales are declining yet Debenhams have to pay ever higher rent to their landlords year on year as per their rental terms - it would destroy most companies eventually (if the market did not improve). As I also said recently - the landlords have to compromise too - otherwise entire high streets and shopping centres will be left empty - if the government did not have Brexit to worry about perhaps more effort would have been directed to solving this issue and taxing online a tad more..
As for MA - buying HMV!! Well part of me thinks "great news - jobs will be saved".. but the other part of me thinks "why is he buying this? Sales will continue to decline unless he changes the layout of the stores". He is going to take on too much if he is not careful imho

Maybe in an ideal world all the retailers would get together as one body and tell the top landlords on the high street that - as one voice - they need some discussion and compromise. Understand the point that the landlords have debts to service too.

Cheers for the tip - I have put a fiver on it :-) Pearls, good points. Note the Arcadia news re Telegraph - all retailers (ex food) are finding it tough. Lenders/landlords s/b aware that they need to be flexible otherwise entire high streets could end up barren

I suppose if the company get their debts restructured via D4E or another method, then if the plan remains to close up to 50 stores over 5 years - then this would suggest speaking to each landlord per store marked for closure. This is obviously an optimistic view !

Smartie2, for a new poster you seem to be spending all day on here providing a running commentary? On holiday??

No one should be investing if they are nervous or scared of any share they have acquired. Anyone buying yesterday morning surely knew the risks here.. if not, why?