RE: MA - landlords3 Dec 2018 14:03
What's a normal market? The FTSE is above 7,000 and been fairly stable so unless you mean the low interest rates and QE I am not sure what is abnormal about this market? Debenhams is sub 7p for various reasons - profit warnings, the rent issue, the falling LFL sales and rising debt to north of £200 million. I agree it looks oversold but its hard to predict a fair value - depends on current trading. Also not sure MA wants Debenhams - he has not plenty of time to make a bid - a shareholder for a year or so - maybe he expects a CVA or admin or recovery to sell out at a higher price...??