Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
From my own notes and memory on reading annual reports and stuff ...
Debenhams IPO'd in 2005/6 raising funds which helped to reduce net debt from £1.8bn to £1.1bn. At the time GTV-gross transaction value (income) was a little over £2bn a year and adjusted EPS was comfortably over 10p albeit on less shares.
In around 2009 Debenhams needed to and did raise £306m(net) via a placing at 80p a share? (my notes are a little unclear). £306m is 25p a share in todays context.
Since the placing Debenhams has paid nearly 25p a share cumulatively in dividends and almost 5p a share in buy backs.
Net debt ended 2009 at £590m, 2010 at £517m and 2018 at £321m (26p a share) although I think net debt rose after the full year results by circa £100m? -- vague recollection of reading a presentation - possibly imagined it??
Currently dividends have been scrapped, the balance sheet has been knifed by about 40p a share and underlying profitability (EPS) is who knows what? ...
Recently reported underlying EPS numbers were 7.5p, 6.4p and 2.2p for years ending 1 September 2016, 17 & 18 respectively.
GTV(income) for 2018 was £2.9bn (£2.36 a share) and borrowing facilities are £520m I believe?
Bought 400k @ just under 4.5p ... approx 5% of my pf by value ... did buy quite a lot quietly (400k from memory?) when they were over 20p but the nightmares were too intense so sold for a circa £10k loss.
I think this is my first post on this message board.
I have put a fair amount of effort in research wise but not formed a strong opinion ... wipe out is possible, so is recovery and the price is low.
GLA