Member Info for KNIGELK

I do think most of us just actually enjoy debating our investments and have no hidden agenda. Some only hold 2-3 shares and may have the time to research more than others and wish to share this information. We are lucky to have such a poster. Of course we are also trying to say in our own way why we think this share is a buy/hold. While others will have the opposite view

That's the interim dividend. There is no final dividend and unlikely to be any dividend for a while

Well quite dire but goodwill needed to be written down and is a non cash item. Some signs of progress or. mobile/internet sales doing ok. Seems like the only answer to the high rents is to close the loss making stores. I cannot see the current year LFL or profit forecast. As for share price I cannot see any progress for a while

As you may recall, I have been here since the pre consolidation 1p days - when it looked over. TBH sold most of my holding but keep a few and might add back - what I meant sorry is that the share price has traded within a tight range 170-200p for some time now and I am not sure what it will take to break out of the range. Increasing the dividend is the right policy but maybe another acquisition at some point? gl

Profit taking? Some moving funds elsewhere. Lets be honest, REDD is now a decent income stock - safe (as can be) but "boring" .. which isn't to everyone's taste. Gone are the wild high risk swings of 4-5 years ago!

Utter madness - should be double this share price imho. Shame I do not have available funds otherwise I would be adding .. I think anyone buying at this level will be well rewarded but long term hold imo

Well I am not going to make predictions - you would think we are over the worse re share price but every time I think the bottom has been reached .. it slips a little further.. as for tomorrow - well agree we should know 90% of what will be in the RNS except a) outlook is unknown and b) whether there may be a rights issue which at 8.5p would have be to massive.. so the share price could be 5p .. or 15p .. or the same this time tomorrow - who knows but not long to find out... fingers crossed for the employees too..

You are welcomed (and I will have another look for your email address tonight - I deleted quire a few messages in error but they may remain in my deleted folder).. as for posts removed - that's ok - I understand if admin wish to remove personal attacks of any nature even if mild lol

If you think you can do a better job, apply for a non executive director role :-)

Pearls, you cannot state as a fact that Debenhams will not go bust - I hope not. However if profits were to fall further to £20 million, then that's near the point were the banks could call in their loans - if they so wish. Hopefully the cost cutting will work and the sector will improve next year but the company cannot risk the downturn continuing indefinitely.. hence why the results are so important this time to ascertain what the outlook is.. the share price is less than 9p for a reason..

Good.luck to you all..you definitely need it? Yet you been posting here - were more positive - and now you sold out become negative! Agree though that silly targets are not needed here. Debt will be converted but it will result in extra shares. Best to have sensible achievable targets that can be reached medium term. 1-2p first. Higher perhaps later. Most here though agree the upside is potentially significant but it's a shame too many come here for an quick trade.. no, hold and wait best policy here imho

It also ignores a few store openings or relocations plus continued expansion of the international chain to 150 ...

I'm interested to know how you think the debt is about to go from £320 million to zero? Not paying the dividend saves £ 30 million.. cutting capital expenditure (which will mean some stores being more in need of updating) may save £ 70 million .. but this will take a year to work though. Also it's fine to say that selling the Norway business might raise £ 200 million for the company - but the profits are around £ 30 million which means the UK business is currently at breakeven. I still see upside and recovery potential but we cannot pretend it will be easy or overnight - the outlook for this year is key which will be known on results day

Not sure about that - the future is probably smaller 2-3 floor outfits modernised with multi use and brands. Larger 5-6 floor stores are probably simply not affordable any more.. no reason why Debenhams cannot downsize and have a profitable chain of stores - depends on talks with the landlords etc. Not everyone wants to buy online or click and collect although of course its the growth sector

Apologies if I got the numbers wrong. Always thought the UK portfolio was around 100-110. Maybe the overseas stores have been included? Re debt, perhaps while the company was private debt increased or when the IPO happen the funds raised went to the private owners not the company??

Isn't goodwill a non cash item? Reduce it and clean up balance sheet. Btw goodwill is used too often on larger companies imho . Also I think there's a new FRS requirement on leases which may mean another hit on the balance sheet. Anyway if they close 50 stores that's half their portfolio. Hopefully it will turn out to be less than 20

It appears a few are buying and taking positions ahead of the results next week. Some elsewhere are sure a CVA will happen - I don't think so as the company would want this to be the last option available - so no mention of this in the results should help a re-rating alone... I personally expect the share price back to 11-12p by this time next week IF the results are in line with expectations and the outlook is now stable

I didn't realise a mere 2.3% CPI increase will add £730 million to the business rates next year - the last thing the high street needs... so lets hope the budget provides some relief ... good news could really help the share price... as well as well received results... as for targets - lets get back to 13-15p first before getting ahead of ourselves... the share price is at 9p for a reason(s) ... the current headwinds and risks in this sector... but there will be a point when the sector will be a buy again ...

Well some would say investing in small cap shares is gambling . Personally don't accept this argument as you don't usually lose all your money overnight

Well I am not as positive as others due to several factors: 1) the debt needs to come down especially as interest rates will rise over the next few years 2) we need the shorts to reduce their positions 3) the company need to deal with the long term leases at least with some of their portfolio 4) Brexit is an unknown factor 5) the online tax might not kick in until 2020 or later. However I agree that the share price is over sold and the risk at a later date will be a possible rights issue on any share price recovery. Hopefully the results will make matters clearer. A "hold" for me atm