Member Info for mt11

Drifting lower

Bfdinvestor - some people present their opinions as if they were facts

"Youre trying to come across liek you know but your ejust guessing / hoping."

You're welcome to this opinion :)

There will be rules TPG has to follow, both legal and from their investors. They will have done due diligence before lending, that will have included access to accounts and current data. The process is long winded, so it's entirely possible this was over more than one quarter and therefore Debenhams had a chance to show their projection and actual for that quarter. Debenhams announced it very close to the end of H1, I would be very surprised if TPG didn't at least look at those figures before signing off.

Bfdinvestor

- You could be right, I reckon Ashley wanted to be CEO without ceding any control of Frasers whilst he was directly involved.

- Jarring how Frasers pipe up and then no follow through.

- I can respect your viewpoint, although I don't see it yet, maybe if they manage to execute on the plan well.

- Fair enough, I would like them to offload more of the brands. Karen Millen perhaps?

- The stock is volatile, so it could go much lower or shoot upwards.

Hexam

- Even if they had to pay the £97m back they still had a gap of a few months until they got the new RCF. So they could have agreed it'll be paid back and said when and still got the RCF.

- Lenders may not lose but they are required to do due diligence on who they are lending to. That includes ensuring the entity they are lending to is able to meet the payments and is using the funds as discussed.

- I agree with you on wanting the company to do the work rather than throwing out sound bites.

- Only mentioned Mike Ashley because he is often cited as a source of truth, yet he, nor Frasers ever follow through on the stuff they say.

- My aim was to unpack motivation for posting over and over again, some are way too bullish, others way too bearish. It's either this is going to crash and burn in which case are they just here for a spectacle, or it's going to shoot for the moon...

Open to alternative takes on

- Why Debenhams paid off a £97m loan months early if they have a cash crunch? Especially since the RCF wasn't signed until August, so they still had time if it was related to overall debt.

- How a company can get a new RCF in August 2025 yet be facing an imminent cash crunch? (I can see a case for it collapsing over time depending on their execution going forward).

- What people want from Debenhams/Boohoo Group going forward? Do you all want to see it die? Sold off to Mike Ashley? Another party?

- Talking of Mike Ashley. Why has he spent £250m of Frasers' funds trying to acquire Debenhams without any backlash from Fraser investors? If he wants it so badly then why doesn't he make a sensible offer, after all it doesn't matter if the board agrees or not, he can make an offer to make them look bad? What has or Frasers done since calling out Tim Morris? Why don't they publish the full terms of the better financing deal?

- Why people care so much to point multiple times per/day? I guess, I better do some self-reflection on this ;)

There were more questions but I forgot and I doubt I'll get much on the above...

It’s not even been a month since the loan, you reckon their lender didn’t see the latest data before signing off in August 2025?

Southcoastbather - I think Dan's found he gets "traction" on LinkedIn hence him spending so much time there.

Can we (or any business) get a £175m RCF without supporting metrics? Do we now think their lender hasn't done any due-diligence?

I totally agree with you that they absolutely suck at communicating.

They don't even counter narratives other people are pushing.

Reardon95 - It would have to be 12p + a premium. I don't see the board going there until at least they have sold PLT.

Oceanpassage - I don't see a cash crunch, I see confusion around stuff said a month ago without any clarification on if that was before or after the new RCF. Although, if they keep up with one-off excessive costs then yes they will run out of money. Burnley is the one to watch on that front.

Lol come on southcoastbather - I don't see the point in being angry at you or any other user here.

You didn't say what you want to see with Debenhams/Boohoo Group. You don't have to either, no one owes anyone anything here :)

He ended that with "LFG 🚀"

Why's he become a tech-cum-crypto bro all of a sudden?

Asos have seen a similar drop yet receives less negative coverage.

H1 should show stabilisation. Negative sentiment will persist. Sale of PLT will never be good enough, nor will exiting Burnley.

What do you want from Debenhams? Do you want it to just burn to the ground? If something else, then what?

Share price doesn’t automatically mean financial distress. Stocks move on hype, fear, and market mood just as much as the actual numbers.

I know you know this though.

As I've said previously they were f'd in that situation. If they didn't renew early then it would be oh they have a year left on the RCF and face a cash crunch. If they agree to a new deal then it's something else. As you know, I'm not a fan of the board or leadership team, I reckon they have made many bad decisions.

Check out the commercial bond coupons if you want to see truly high rates.

That's a wild article, it starts on one thing then goes elsewhere. Also, a lot has happened in the last. month so did Shore Capital say Debenhams face a cash crunch before the new RCF or after? Was Shore Capital talking about the old RCF maturing in October 2026 or something else?

That LinkedIn video is kind of strange.

It's a bit of a word soup video with "really exciting stuff" and the one lady mentions asking for samples (freebies, anyone?).

Is it me or do they also come off as non-player characters?