So Quilter PLC have sold out almost but who has bought those 60+m shares anyone?
Now everyone knows Debs is NOT going bust even after all the fun & games from the shorter's, and that the company is still on track to hit guideline numbers we should start to see this go up.
So still making a profit and still have the plan to sell assets and reduce rents, there is NO reason why this shouldn't go up to 40p-50p regardless of any takeover bid.
Thanks Soul. I do know Ma5k is a respected chartist. I guess it shows positive possibilities and predictions but i still think support for now is the key. Strength in the early 30's could see us move up - weakness dipping below 30p could see us move towards the 22p broker target, Always a trading opportunity thought with volatility.
Sounds very close to like 22p to me
Yes doing well with Rev +35%, Ebita +25% , O Profit / profit bef tax + 19/20%.
So no reason why we shouldn't do better once we get sorted out.
Debenhams' chairman has said the firm was forced to rush out an early trading statement on Monday to stop "nosy neighbours" gossiping about its future.
Sir Ian Cheshire said speculation about the department store chain had become "a circus" and it wanted investors to know that trading had not collapsed.
"We're not insolvent," he told BBC Radio 4's Today Programme.
But he said the retailer was looking at "every option in the longer term" to turn around its performance.
"The only analogy I can have to it is like having a bunch of nosy neighbours watching your house.
Somebody sees somebody in a suit going into a room. The second person concludes it's a doctor, the third person concludes it's an undertaker and by the time it gets to the end of the day you've got cause of death and everyone's looking forward to the funeral," he said.
Can't find that yet but it sounds like they are coming out fighting, would be nice to see a bounce.
Just who is this guy Ben Woods of the telegraph, I bet he is a shoter to.
Good god, some reporters certainly have a downer on debs don't they.
I like this part from the rns , The early weeks of the new season have shown more positive trends and any sustained upturn would result in a rebound in our profit performance.
could be £200m but although they could be announced with the results they will come off next years numbers.
Well at least they have now come out and said all is in control and in line with expectations. Still making a profit and I bet they still pay a divi.
Should help steady the share price, or even end in blue.
Thank you mulder, that's what I said 6 weeks, 5 x 6 working days.
should now see the sp go up.
All looking good and in line.
Following recent media speculation, Debenhams plc, the international department store group, is providing the following update:
Recent trading performance
Debenhams will issue preliminary results on 25 October 2018. Subject to audit, we expect to report pre-exceptional pre-tax profit for FY2018 of around £33m, within the current market range of £31m to £36.5m1, and EBITDA of around £157m. Consistent with our focus on managing cost and cash generation, we anticipate year end net debt will be approximately £320m, in line with guidance and retaining significant headroom on our £520m medium term facilities. We have continued to strengthen our financial position, including increasing headroom on our fixed charge covenant as announced on 1 August 2018, in order to give us comfortable liquidity through the peak borrowing period, ensuring maximum flexibility amidst volatile market trading conditions. The early weeks of the new season have shown more positive trends and any sustained upturn would result in a rebound in our profit performance.
We continue to focus on our priority actions to mitigate current market conditions and drive progress in FY2019 and shareholders will have an opportunity to see the Debenhams Redesigned strategy in action at our new Watford store on 24 September 2018.Â
is 6 weeks before results so CFO could buy big this week, but you know what I bet theres a way they will get hold of 1m+ 5m shares before the results and they will be held by someone and released / transferred after the date.
The UK economy grew more strongly than expected in July as the heatwave and World Cup boosted the retail sector.
The Office for National Statistics said the economy grew by 0.3% in July, and by 0.6% over the three months to July - the fastest pace in almost a year.
"Services grew particularly strongly, with retail sales performing well, boosted by warm weather and the World Cup," said Rob Kent-Smith from the ONS.
So you can see why the shorter’s are all at it again when the press puts out headlines today like shares in uk Deb slump as radical restructuring considered.
Now no one has said that yet, so it would be good for the company to just put out an rns saying what is happening rather than leave all the press and shorter’s in control.
Or maybe our new C FO is happy for the sp to drop so she can buy in 500,000 - 1m very cheap shares. we all know they like this to happen at the start of their jobs, then they take all the benefits from it.
So what ever they decide we probably won't here the plan until the Oct results time.
But much of what they are now trying to do could have been done 9-12 months ago when the sp was much higher.
Why is it that so many companies just do not keep the shareholders up to date with info and just sit on their bums for far too long before they realize what's going on and try to do something about it.
But maybe they will now get a better deal with their landlords after a number of other big retailers have gone bust or gained rent reductions.
I have always thought they would raise some money but only when we get back to 45p ish. or they could just do an open offer for 15p in a few weeks when we hit 20p
Today after the shorters have had their try and failed.