Member Info for oldtimer

Standard life reducing their holding from 7.7% down to 4.4% ,someone else must be buying.

So what are you saying, we will get an rns on friday before the show. I think you are dreaming.!!!!!!!! Knowing vog they will be trying to get new investors without telling them everything that's going on, or not in vog's case.

Looks like this is turning bad after everyone has read the results in more depth

I just cannot see where the growth if any is going to come from. They are now saying full years est profits will at the lower end of expectations of �50m-�60m, that against last years before tax of �95m. still going down.!!! and with increased costs we could be lucky to have any after tax profits.

However, Nicholas Hyett, an analyst at Hargreaves Lansdown, said that despite rising online sales and clothing holding up, margins had been "totally shot to pieces" because of heavy discounting and the fall in sterling. "The Debenhams Redesigned strategy is seeing the group invest heavily to try and get itself back on an even footing, but that's driving debt upwards, and has ultimately cost investors over half the interim dividend," he said. "The worry is that this is too little too late. Store improvements may get some customers back into shops, but it won't do anything to offset the broader shift away from the High Street."

So what's the next move here, they are currently a 1p share with 1,227m shares on issue and debt of what about �280m for a full year, so first a rights issue of 300m - 500m shares at what 20p then a consolidation of x10 and that would bring the sp to what about �2.00 and all will look great.

I am just not sure where this is going, They are talking about more costs savings of another �20m but also say in the rns that debt spend will go up from �55m to �85m over 3 years. They also state that this 6 months debt has gone up from �216.9m to �248.2m. So are things getting worse or what?

Expected impact of exceptional costs in FY2018 and FY2019 The Group gave guidance in October 2017 that exceptional costs over the period of implementing the Debenhams Redesigned strategy would amount to approximately �55 million spread over three years, of which approximately half would be cash costs. We now expect exceptional costs to be approximately �85 million over the three year period, of which approximately �50 million will be cash costs. The exceptional costs are expected to be higher as a result of

Someone has just bought 500,000 at 21.10p should have waited a little more and could have got them for 18p-19p me thinks.

Based on our current view of the second half of the financial year, FY2018 PBT is expected to be at the lower end of the current range of broker forecasts of �50m to �61m[1] But is that before tax ?

Oh Dear, Gross rev down, Profit before tax down �42m and that's before excep charges of �28.7m. Profit after tax of �13.5m down 84% Like for like sales down even though digital sales were up 9.7% so normal business down lots more. Net Debt �248m Not looking good at all. and now have a very hard job to pull this round. could see the sp down to 15p at this rate

Well one of those days when many have said I want a say. And many are thinking wtf is going on and why haven't the bod up-dated us,well follow email replies from Foo they are busy working on a number of things but won't say what. What a cop out, and some think there will be more info coming from the up coming investors show. Well we all know they won't come out with anything new without first telling the shareholders. The six months turnover will be approx half what it was and vog's share of that will be approx half of that. To me looks like the only way out is to sell GdC and be done with it, or for both Dik & Foo to go.

very poor performance, slip of the mind this time.

In all honesty I don't believe anything much will happen with the results. All I know is it's about bloody time a plan any plan started to work, assuming GD does have some sort of plan apart from his gravy train. I just cannot believe other major shareholders haven't forced him out after his very pore performance over the last few years. Maybe they know more than us and have faith in him, I just think there are many things he could be doing and hasn't yet. After his work with Vodaphone and C&Wireless I thought he was brought in to sell off pfd and that could still happen at some stage.

So after all this time what do you think the state of play is now? If Nissin bought pfd for say 55p a share they would keep Batchelors and sell off everything else for say �300m and end up with Batchelors for free.I think GD still believes the pfd is worth 85p-�1 a share, and I think Nissin still want to buy pfd for 50p- 65p max. So if GD cannot sell pfd for 85p- �1 then maybe they do sell off Batchelors for �250m to Nissin and then try to sell what's left for another �300m. I also think Nissin is playing a waiting game while pfd build up total Batchelors sales to a great level that makes it more worth while for Nissin to make the bid, and in-fact that's what's been happening for the last 1-2 years. Either way this should turn out much better than at present.Bring on the results.

G.D tried to kill this report off by saying they always discuss all areas of the business and this was just another normal discussion, but that doesn't mean they are not going to sell it off. If anything is about to happen I guess it would be announced in the results in a few weeks time.

It will be interesting to see what the net debt is now, for the finals at the end of Oct 17 it was �275m . so it will be interesting to se if it has gone up or down pro-rata for 6 months.

Again I bet there will be some very large buys announced after the finish.

I guess it depends on the level of debt and divi and outlook for on-line sales but I am surprised it has fallen to this level, anyone else would probably be happy with an sp of say 60p for the profit and divi, but we will find out later this week. Must be worth a take over offer at 50p-60p now.

Yes it was but there was an even bigger buy of 750,000 on Friday. I don't think we have seen large buys like this for ages and it's great to see them now. Could it be OC taking their holding up to 30%.?