Member Info for KNIGELK

Well I agree only the shorters want a lower share price (shameful imho .. but reality) .. not sure 4p is a good time to short .. surely it was at 15p.. 10p.. etc?
Interesting read over on SPD .. a few more stores have closed but only the locals get to know.. no official RNS etc. maybe the shorters should actually be targeting other retailer(s) at this time whose share prices could fall a lot further than Debenhams can going forward?

It's all being kept quiet - one moment the saviour of HoF - the next branch after branch closing and only the locals hear about it .. I do fear for my local Bristol & Bath stores... meanwhile - the shorter friends are targeting Debenhams 24/7 .. what do people think will happen if SPD take this company over? ... branch after branch will close...

Of course I "admire" his past ability to make billions - you need to have an ego and quite a strong personality to get ahead in this game - but I am "bitter" about the game he is playing with this company - a company I hold (a small number) shares in and a company were I know people who work there and sometimes I think we forget there are "normal" people involved - their jobs - their investments - maybe even their pensions are at stake. I do wonder why people on this thread appear to be taking his side instead of providing possible solutions for the company to consider. They have a plan - I hope they get the time to see it though

Smart? Well obviously he is worth billions but he isn't perfect. How much money has he put into the Newcastle Utd FC black hole? He overpaid for the Debenhams shares (in hindsight). He acquired HoF when it is probably the worse time to buy a retailer!! (imo)
I really hope he does not get his hands on Debenhams - for a start, eg. Bristol has a HoF and a Debenhams within 3 minutes walking distance of one another - I am sure if he owns both brands - he will close one of the stores here. I am also sure this will be repeated across the country. At least if the banks either do a D4E or agree a new debt repayment timeframe/structure - the company can still make the planned orderly closure of 10-50 stores over the next few years - presuming trading is similar going forward.

Upside who knows? Why did SPD buy 29.9% in the first place? Any bid will not be material imho

Jezz Smarties just stop this. My "agenda" is being a shareholder ffs. Nothing else and I would never tell anyone what to do. So I will ask again - what's your agenda ?

Just seen what has happened with FLYB - just hope no stupid low ball offer is proposed here!!

To be fair - being a Chairman is a job many of us on here could probably do - after all it's usually not a full time job - attending the 4-5 BoD meetings every year - sign off a few agreements etc. The CEO job might be a tad harder work.
Also I am not the only one making suggestions on here about were the company went wrong or what the company can do to survive. As I said, it's one thing to vote off the BoD the CEO and Chairman - but it's another thing not to have an alternative proposal or replacement Directors ready to propose imho. It just seems like a revenge motive rather than a well thought out plan.

Not in every case... isn't it Mothercare that had a CVA and is still listed?
Re IF administration eventually were to happen - why should MA automatically be first choice as a buyer? It would be up to the administrators - and I hope they will note that a party that did not support Debenhams and - some may say - seems to have been unhelpful (and loan their shares out!) to say the least - should not be handed the crown jewels.
BTW company still makes a profit (thanks to the overseas business) so why should admin happen any time soon? The key risk will be if the lenders decide to pull the plug ... or the company cannot find funds to pay quarterly rent.. cost savings seems to have kept both of these options at arms length for the time being imo

Just seen the news - a bit shocked tbh - what will SPD gain from getting rid of two top Directors? It's not as if SPD had put two replacements up! Obviously Mr Egos' revenge for Debenhams telling him to get lost the other week - well MA either put up or shut up imho.
Pearls - it's not that no one hasn't listen to you re MA - it;s just that it was never going to happen ASAP - he has time on his side - I reckon he will hold off until March and see what the banks have decided with the company. Remember IF (and it is still a big if) there is a D4E swap then SPD shareholder will drop from 29.9% down to 15% or less - he will not want this to happen so will move sooner rather than later IF he is going to bid for Debenhams. The other area of concern has to be whether the Competition Commission (apologies if I have the incorrect name) will refer any bid - at some point - if he keeps buying chain after chain - there may be market share issues imho.
Any way - nothing significant is likely to happen over the next 2-3 weeks unless Serigo decides enough is enough and walks away

n1shares - any juicy AGM gossip please?

..kitty cash.. no need for another fund raise (I presume) for a very long time :-)

The debt level did however fall from £ 321 million at the end of August to £ 286 million at the trading update so some improvement (probably due to Christmas). Yes, the forecast appears to have been for £200 million but not sure how that was ever possible re a company making £ 33 million underlying (last reported) profit p.a. ?? Perhaps they expected to action the disposal programme re the presentation or Denmark disposal? Otherwise reducing debt from £326 million to £ 200 million in four months was always for the birds. I suppose perhaps we should compare debt levels at 1st September 2017 and January 2018 for a clearer comparative??

BTW thanks for confirming re short - a very wise move in hindsight! I personally would never short as I rather back something were I see some value rather than something that I see over valued - but I totally understand the logic and its a tool that should be used. For the record I hold less than £1k here - just wanted to poke my toe in - personally I agree this is not a share to be over exposed to. Re the balance sheet - although D4E is now an option - there are other choices. A new convertible loan - lenders agree to an asset disposal programme - company puts itself up for sell - the sooner the company clears this issue up the better. I doubt expect much share price movement either way in the mean time. Thanks again for the link earlier - will give it a good read later

I don't disagree and I welcome your input - it was a general comment that if some here are interested in retailers I would expect to see them posting on other threads re retailers in similar positions - to be fair, I do see a few other posters crop up on Next-M & S-Ted Baker etc. (I intend to post more on retailers in general as the year goes on)

I am just puzzled though why so many are just focusing (posting) on Debenhams - I can name another ten retailers on the edge if the environment does not improve - hence why some of us believe shorters are targeting (and posting) this share - seems the only explanation.
I'll make a prediction - several other large retailers will go bust before it MAY happen to Debenhams - they make a profit - they have an asset to sell - they have a plan to reduce stores and overheads - they might not survive - the banks might decide to restructure the company re debt for equity - but at the moment I still rate it over 50% that the company will be trading this time next year in one form or another

Oh, and I forgot to say that the idea that the CEO is posting on here or has IDs posting on here for him is laughable - for a start, I doubt anyone is dumb enough to trade on BB comment.

You do realise that unless you are a Financial Advisor - you cannot come on LSE and offer "financial advice". You can give your view but not tell any one what they should do.
BTW I have been posting here for over a year - held the shares some time - traded a few times - and have NEVER told any one to buy in - LSE is a discussion website and someone is entitled to say if they think a share is - in their opinion - a buy at x price or a sell at x price. As long as MOS can continue to get share issues away - which they have many times in the past - they will continue to trade - of course eventually the goodwill may run out

Do you read posts? I have already stated I now hold the shares and given my reasons for being here - so I wait your YOU to "be honest" and let me/the thread know why you are posting here non stop today? Be honest now...

Smartie2, some investors made over 50% profit recently. As always, it's about timing re trading