Member Info for oldbadger

Nokesa
I'm not sure I can stretch my mind and find any similarity between Debenhams and Maplins.
Apoligies in advance but.
Hi de Hi. Anyway.
Or in our current state.
Lo de Lo !
Sorry.
D.

Yesterday's media trawl for negative stories about Debenhams came up with Atradius credit insurance removing their insurance facility to Debs suppliers.
If you check with companies house you will find that Atradius is a specialised insurance comany based in the Netherlands who closed down their UK credit insurance business in Feb 2017.
Now in order to find out how much pain it would cause to Debs suppliers and subsequently to Debs itself, we would need to know how much of Debs near £2.5 bill last years business was covered by Atradius.
Going by all the other anti debs exaggerated rubbish floating around in the media at present my suspicion is that they are not a major player.

The figure you are looking for Nokesa is £200mill.
£520mill arranged credit facility minus £320mill of that facility used = the above figure.
D.

The constant avalanche of negativity around Debenhams at every available opportunity from every commentator in the financial industry is getting to the ridiculous stages now.
There is obviously something sinister going on in this sector and old Debs finds herself front and centre in the firing line of it.
I imagine most investors in debs are now underwater and many are seriously thinking of bailing sustaining large losses in the process .
But, is that not what is expected of us.
Each to their own but I don't expect debs to do an HoF anytime soon. ( good luck with that one Mike )
I know there is no reasonable comparason between us and M&S's or John Lewis but are these dept. stores doing any better than us !
We've a market cap of around £100 mill and good old M&S have a market cap of around £4.5 bill. Are their profits and prospects forty five times better than ours.
Although I won't be averaging down anymore I will be staying in I don't see debs going to the wall even if you know who is praying for it.
Rant over sorry everyone.
D.

Imminent news due ' completion of the shareholder loan process'
Disappointing it wasn't in the interims result statement, I assume that's why we dropped this morning.
Everything I've looked at suggests a positive outcome on the loan restructuring.
Makes no difference to the end story here.
For balance Good or bad.
Surprise, surprise my sub 6p top up went down as a top down, some things never change.
D.

I can well understand investors losing patience and selling, especially if they have identified somewhere else that could deliver a similar possible return on a quicker timescale than nccl.
Each to their own.
For me I don't have anything on my watchlist or in my portfolio that I would prefer to my investment here.
One of the reasons for my optimism could well be finalised this week, namely the signing of the12 months $5.1m shareholder loan extension contract.
Surely that important news if it happens would give the share price an upward move and god forbid sustain it.
Not holding my breath mind you.
D.

Speculation a plenty on here since share suspension.
I assume BP would have informed the Egyptian government that they were selling out as the operator of this producing asset and which company they were proposing selling the asset to.
If it does go ahead and the above is the case then that would imply that the Egyptian government is confident of SDX's ability to deliver.
Anyone know for sure if the operator has to okay the buyer with the relevant government.
D.

Sorry Knigelk
Also forgot the landlords (probably) oh and the carriers, but apart from that little list everyone else connected to Frasers will probably be happy with the new owners.
D.

I think MA and the SPD board could possibly have enough on their plate trying to revive HoF's fortunes before they move on to Debs. or anyone else for that matter.
They've already started off well by alienating the banks, customers, suppliers and concession holders.
I think I read the SPD balance sheet took an £85m hit to their balance sheet on their Debs investment so I would imagine they would at some point try to redress that.
Was in Fraser and Debenhams on Friday.
One was busy and one was empty I will let you guess which was which! !!!!!!
D.

It would appear the media negativity on Debenhams is showing no sign of ending just yet.
Let's hope the board can just get on with the job of improving the business on all levels.
I thought the SPD effect had been done to death last week, but apparently not.
I'm under water I expect like a lot of others on here so patience or bailing out are my only options.
I think I'll stay for now and see where it goes.
D.

You can't blame him for not buying shares at the sharesave 157p price.
But you would think as the CEO he would just have taken the loss.
I'm sure there's many on here would love to have a 157p average.
D.
Ps. Mine is 136p.

Looks like our ceo is skint.
D.

The rest of the shorting motley crew must be loving Engadine at the moment that latest £1mill " investment " by E to further manipulate the share price would obviously not have went unoticed by them.
Will any of the others stump up to help them, time will tell.
Although I'm in here in the mid 130's.
I've no intentions of selling at a loss I can't imagine this obvious share price manipulation can go on forever.
Interesting times ahead me' thinks.
D.

I don't get this big news that " SPD not going to make an offer for Deb "
They know the takeover rules better than we do.
I'm happy to be corrected if I'm wrong but by my calculations SPD would be able to make a minimum 20p per share offer In Feb. 2019.
D.

I'm not sure what John Lewis has to do with Deb. and there would be no Mike Ashley takeover this year anyway.
As far as I know under current takeover rules he would have to pay around 40p ish per share and last time I looked I think he was a shrewder business man than that.
D.

Are Kontiki just testing the resolve of the other seven shorting firms then Moniman !
Only a tiny reduction but let's hope it's a message to the others.
D.

That's the way I see it Moniman.
It only takes one of them to break rank.
Wouldn't we all love a wee takeover rumour to blunt their weapons.
It seems pretty obvious they would all get out now if it could be done without bloodshed.
Which one if any will stuff the rest !!!!
D.

Apologies shipright I was a bit sharp with you yesterday, but you weren't half talking a load of nonsense.

I suspect it is you who has a permanent black cloud Hanging over them. ! Does your dog have to wait for a sale before it gets fed ? Could you do us all a small favour Shippy Bugger of back to where you came from. D

Everyone is entitled to their opinion Shipwright.
How do you know all the staff are short term and unhappy.
I've always found them helpful and knowledgeable
Why have you been watching PETS for a while if you consider it a dead duck,
People in the main lead busy lives, I doubt they have time or the inclination to shop at Tesco,B&M, and Lidl's " periodically" for their pets needs.
I've never understood why people post ultra negative comments about companies they don't or have no interest in owning, please don't tell me !
If your so desperate to short PETS phone up any broker who participates in short selling, give him £2k and they will let you short sell PETS for £20K.
Then sit back and watch the money roll in !!!!!!!
D.

Wise words as always MM.
Perhaps something interesting may be forthcoming when the interim results are published later on this month.
D.