Member Info for KNIGELK

Receiveship? Can you give some substance to this opinion - one reason the share price keeps dropping is that a few of you single thread posters are doing your best to scarce shareholders witness - for whatever agenda - and you know it

To be fair - auditors will give a few areas of assessment/concerns on going concern for most companies now because of recent events (CAKE) .. they need to cover their backs and avoid the fingers pointing at them - can't disagree with your opinion but not sure why you are putting so much effort in ..............

Another reason for the fall back may be stop losses being triggered. I set a 20% loss at 3.3p so if it gets hit I am out (for now).. I expect many others would have set up stop losses - maybe I should have set up a 20% stop profit instead? It would have been triggered lol

Jamie - completely agree about AIM - some of the valuations are mad. Indeed on Britdaq there is a company I monitor called Whetstone trading at 40p when the NAV is 1p !! We know that the shorters are in control here - also that the company will have to restructure its debts - this does not automatically mean a D4E - but closures will happen and the debt probably needs to be reduced - but surely ALL of this is already factored into the price imho

upside - I thought you said you HAD a small short position ... not that you still had one to close? As least you are being honest about your views - which is fair enough

Fine - but I was responding to the posts of a few days ago stating that there was no revenue from gaming or India - not quite true is it? Agree it's not material and not sure how much growth there is to come - the key issue here is the Director salaries and constant negative cash flow - get them sorted and the company might just have a future

So £420,000 revenue from India operations in the last six months - but I thought they were not making any revenue from India?? :-)
Somehow Argentina is holding up but clear move to India was the right decision. Completely agree with others about the CEO salary and need for more funds Q2

There was no way Debenhams were going to agree to his terms - a £40 million loan in exchange for having 40% of the share issue. Sorry but I think there's more going on than meets the eye - Debenhams appears to be forced into a situation it does not yet need to be in. Do you honestly think MA has been innocent in all of this? If so - why? As I keep saying, the guy should focus on his current business - a few HoF stores have actually closed recently ...

Just noticed another article tonight on the Telegraph website "plan will cost 10,000 jobs". The media are really joining in trashing this company - were do they get this info from??

12th September? So six months will be 12th March surely?
Any way it's clear he rather try to force admin than make a bid. What a great shareholder (not)

Indeed LSE2000, might be time to write to my local MP on competition grounds and conflict of interest reasons alone!!

Agree but sales decline may tail off later this year - a lot depends on Brexit imho. Most brands reported a fall in LFL sales, Debenhams being one of the worse over Christmas - online did ok. As for store closures, it's in no one's interest to "force" massive store closures within a short time frame. The final figure may be nearer the 50 level - who knows? I try to see the positives - others rather focus on the negatives. The truth imho is that Debenhams can continue but it depends on various factors. We probably will end up with a chain around the 100 figure and with more shares in issue but it will help us f we had a supportive shareholder(s)!!!

Maybe trading has worsen or the lenders have asked the company to start talks early? Of course if the major shareholder blocks all possible longer term solutions agreed between the lenders and the company - this will come to a head later this year - that's obvious .

Well the BoD will obviously have to take a share of the blame for the situation. However it was past management (!!) who set up the lease agreements over 25 years - it was Joe Bloggs who started to shop online in greater numbers - and it was the 2008 crash that caused a decade of static wages. No wonder the high street is struggling. Oh, and if SPD blocks any restructuring and this results in the banks calling in their loans - I will be putting the blame 100% on one party - and it will not be the Directors - who appear to have one hand tied behind their backs atm

Would one need to post so often on a BB if they didn't think it would make a difference? (although anyone trading on BB comment shouldn't be investing). Debenhams isn't unique - many other retailers could go bust this year. Indeed, even SPD isn't immune if their debt continues to increase and they keep buying bombed out companies. The difference here is MA and his antics imo

Not sure. Last point tonight, perhaps the company should suspend the shares until the talks with the lenders conclude. Why? To avoid more shorting games, more significant disposals - to avoid the wild swings. Not ideal, but it may calm matters a tad until the company is given enough space to reach a sensible agreement. Perhaps MA could also focus on his own brands in the meantime?

Cheers - sometimes reporters get personal.. for a start it was 10-50 stores to close. If this has changed then the company should update asap. Unless the talks bar any update (so how did she find out?). As I said a few days ago, if somehow MA causes administation , he should not just be given the Debenhams stores - it should be a fair process with other parties involved. Let's hope it does not get to this point.

Article online tonight. Saying MA is definitely NOT helping the company in its talks with the lenders. That's because the greedy xxx wants the company on the cheap post poss admin. Shameful antics from a non supportive shareholder. Can't read whole article because it's premium subscription but three keys to talks Inc partial debt for equity swap and store disposals. Note the active thread.. on a Saturday !!

Two points - one negative - if profits fall below £20 million then the company might breach their lending terms hence why they are talking to the banks now IN CASE this happens - the positive is that it was only WEEKS ago that the share price was 8-10p .. so given the RIGHT news there is every possibility of the share price moving back up just as fast as it has fallen - even though I cannot recall this happening any time soon

Agree lamtree - 17.4 million voters are apparently low intelligent ffs - nope - we just wanted to control our borders - make our own laws and decide our own destiny. Any one who wants an European army - a single United States of Europe - less voice/ability to stop unpopular laws by any member state or allowing even more countries to join - they are the ones with the low intelligent imho. OK the economic benefits of membership are clear but leavers were more concerned about the democratic deficit (in their opinion) .. democracy was more important .. for remainers it was the economic factors that were more important. When two sides have different priorities you are never going to agree.However - whether Brexit will happen is now the test. I am beginning to doubt it - too many forces at work trying to stop it - another reason why I want out! Last point - the sooner this is resolved the better - for everyone - so that the distaste for our fellow citizens can be lanced