Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
that the lenders would need renegotiating with long before things became due.
But why announce this the day before a not all that trading update, a day before an AGM re-elections will take place?
The market was already panicked, did they think it would be reassurance, maybe they did (and it did flicker as such yesterday) in the end it became ammunition to be used against them.
The forces that want this current Debenhams to fail and so become cheaper still, have too much going for them, a chunk of shares matched with a large compliant shareholder and a one dick on here.
It's bad stuff!
it's because the voting had nothing to do with how Debenhams was being run
not necessarily for the right reasons but who cares, me maybe, but I'll still take my money and run
Cheshire has nothing to do with a mandate to run Debenhams. It has to do with doing what a shareholder sees as his cheap route into buying the company. To suggest what Cheshire and Bucher were trying to do failed is an over simplification, and they would always fail in Ashleys book especially if they succeeded!
and no longer on the board is probably a negative. he will now likely feel disenchanted.
However he will not have to listen to Mike Ashley, so not all bad!
Actually he will be able to have his say there, but will not have a vote, even more like a soft Brexit
So he will run the company day to day.
He will be dependent on the board to support him, however he will not be able to have his say there.
Bit like soft Brexit.
With the the voting off the board of Bucher and Cheshire, the Debenahms I might have liked to survive is looking less likely. I guess we will have some fireworks soon, and even maybe they might work out for us shareholders, though equally they may not.
Bad day for things I have grown up with, but I should be getting used to that, I suppose. It's like my daughter and students see me as an irrelevant old git.
You won't catch me in DEBS if it becomes the Harrods of the back street, or on their website (if I knew how to work it!)
Will spend years hiding the fact your business is crap, and the come in charge you to tel your business is crap
KPMG, will not resolve Debenhams problems, accountants never resolve anybodies problems. Who will have created all that goodwill and assets etc. that Debenahms have had to write down this year, it will have been people like KPMG.
as creditors, it only works on rent arrears. It will have no effect on lenders
Again, really it is not a be all and end all answer. It's needed when a viable business owes so much to creditors that it has become insolvent and cannot use its cashflow to survive.
You might think this is the case with DEBS but it seems a lot more complicated than that, and is it viable without changes, that will not be brought around by a CVA
You've lost me?
MA doing such a good job at HoF any wonder they didn't heed his advice.
And would that advice have been truly to the benefit of DEBS?
Me too, I have loved M&S over the years but just am not with them right now, hope they do good, but?
stand corrected, sorry kammi
Yep, never trust the bankers they are... insert rhyme of choice
they are going to do a Christmas update tomorrow, I cannot see it. Of course they will, but it's not on their website, that I can see.
an investor in stocks to make a return on that investment, get real!
for all my distrust of him did not waste money, he took a calculated risk to get himself into a position to influence things.
Even if he fails in the perceived ambition to get Debenhams on the cheap, he may have himself a chunk of a successful High Street business when SPD goes down the pan... lol