Member Info for mt11

it's not really a spin if it's stating facts, frasers are not a benevolent shareholder, they built a position for influence and that's what they are doing.

that said, debenhams will be better getting frasers on side so frasers starts ******* out the tent instead of in the tent.

@FED1 here's a list of large shareholders:

Frasers Group plc 29.70%

Mahmud Kamani* 12.49%

Camelot Capital Partners LLC 8.08%

Schroder Investment Management 5.08%

Rabia Kamani* 3.86%

Umar Kamani* 3.58%

Boohoo Group plc EBT 3.51%

Dan Finley's bonus is in shares, ain't it? Making it a tax bill?

"Stupid is as stupid does!!"

Democrazy haha

Debenhams can literally set the date for the Interim (half-yearly) results to be the last date they are allowed to as per AIM rules. If it helps them they can even set it provisionally and then move it forward if they have better results or news to share.

Frasers need to talk with the other large shareholders or convince another unrelated entity to take up a large position in Debenhams Group and then vote in a joint bloc. They can't buy more shares themselves without being forced to make a bid which they evidently don't want to. Debenhams might want to look into what, if anything they can do to minimise the influence of a large and quite hostile competitor who has become a shareholder.

The vote basically tells us the other shareholders are happy with the direction of travel.

Debenhams is still a dumpster fire. They can start being more transparent and investor friendly by setting a firm date for the Interim (half-yearly) results.

Went very much how you would predict it to go. Frasers certainly voted against them, Frasers need buy-in from another large shareholder to be effective though.

Alistair McGeorge stepping down from the board and Tom Handley replacing him is a bit of a surprise.

No, not a lot you can do other than have voted, even that amounts to nothing as we're all just small shareholders and can't swing anything.

It will be interesting to see how Frasers Group voted, and whether they show up to the meeting.

I thought the AGM was on September 19th 2025, at 12:00 pm?

They show Patrick Grant at the start of the video. He's on file as being very critical of Boohoo and fast fashion in general.

Lol that would be wild since it's about £400k and they just got a £175m RCF

I hope the Interim (half-yearly) update due by the end of November 2025 shows the plan is working, or they have some agreeable after reporting period events otherwise the current market cap and share price is going to collapse further.

Very strange how the leadership are not buying any shares to show confidence, bar Carol Kane, god bless her soul.

Where the F is Kamani, Dan Finley, Tim Morris, Phil Ellis, and the rest?! Nothing says confidence like buying shares if you believe they are cheap. Even a token amount would be helpful at this stage.

Assuming they’ve drawn down the RCF. Historically they would draw down the full amount but then the interest rate was a lot lower.

“Next April…”

They would, if they could but unfortunately they have to publish the interim (half-yearly) report by 30th November 2025 if the half-year for an AIM-listed company ends on 31st August 2025.

@Quakerjon - A lot of it rides on cost of exiting Burnley, how much they get for PLT, and what happened in the first trading half of the new financial year.

They normally publish the first half results somewhere around end of September to November. It's actually been getting later in the year. We'll see if they delay this, if they do, then that's a bad signal.

Frasers (and Mike Ashley) last reported an update in Holdings around 5th March 2025. They would have paid around 27p a share. I can't imagine them going over 30% to make an offer because they will have to make an offer over that at least.

The other thing to look out for is how changes around the world on "de minimis" affect Shein, Temu, etc. They will want a greater presence in the UK at that point.

I'll leave it there, I'm sure someone else will add other things to look forward to.

You can also make a very strong Bear case for this as well.

Lol at anyone thinking Dan and the rest are doing a good job. Everyone knows you need to have a good dialogue with investors, which they have repeatedly failed at. Cue the reminder that they have still not replied to me.

The other thing that will help is if they find a way to work closer with their current largest and most hostile shareholder.

@Reardon95 - If the board and the other founders started purchasing shares then they can at least stem the bleeding. Beyond that it all depends on what the cost of mothballing Burnley costs, how much they can get for PLT, and what the first half of the new financial year looks like.

Lower we go.

Wild that it's up on this...

Trades 17

Vol. Sold 22,011

Sold Value £2.85k

Vol. Bought 1,524

Bought Value £N/A

Wonder what would happen if you all started a new short position in this share or went long?