Member Info for oldtimer

on here over the last few days weeks, many saying debs is doomed and going bust within days, MA will not make a takeover bid, MA will make a takeover bid after Christmas when he sees how well / bad debs has done.
Credit cover being dropped, there no retail sales left in the high street.
If MA paid £90m for HoF in that state he must think it's good money spent and years of life left in Department stores of some form.
Debs has now placed most orders for Christmas and stock will turn up within weeks and will probably sell well.
Debs have already made plans to see us through these times and seem to be ahead of the game about cutting costs, selling assets, boosting profits.
If debs were that worried I would have thought they would be putting out more info if they had it,
Clearly they will not be going bust before the results date of 26th Oct, and it doesn't look as if they will be going bust before MA puts a bid in after Christmas, so maybe we should all stop panicking and wait for the results.

So that's the end of haft time sales and we should get the announcement about the results 15th Nov.
Is it too much to hope things have gone any better, we never did hear about any broker Up-dates etc following their visits some 2 months ago, and it's been very quiet since the vote. Who knows what's going on about any product / business sale.

It's Like many other companies and the same every year around Oct - Dec, they use up much higher credit for the
high end of year / Christmas sales income etc, but as mentioned they have it all covered.
It's about time we had some positive press here.

Don't make me laugh, how can they cut insurance cover for all suppliers.
Debs must have what 100 - 300 suppliers, ok 1-5 suppliers could have some problem but debs would surely just take more goods from the others.
Again this is the press getting all wrong.

Up until now debs bod's have given the impresion that they don't seem to care about the sp, and even spending more money on a new store.
Either they have things under control or they don't and must be blind to what's going on. Maybe it's us and the press that seem to have a downer on debs that cannot see that they are ok.

I think debs will try to steady the ship by paying a small divi, I think they will say that their finances are ok and they will trade out of this, and if they stop the divi they will say to put the finances on a firm footing etc etc , so I don't think they can lose.

Simple, it's far better to someone else to give you a much bigger pay rise than do it yourself, that way Foo cannot be blamed for awarding it to him self..

Because they have already said they are in discussions with their landlords about rent reductions,now they may not get any but if the landlords were/ are insistant they are not going to move then surely they would have already ended their talks.
With everything that's going on in the high streets debs could close some stores, and may anyway in which case surely a rent reduction is better than no rents for the landlords on some stores. I guess we will see in the results.

Is this
Trade receivables have decreased $3.1 million from 31 December 2017 due to ENEO settling most of their outstanding receivables a, with a net amount of $0.8 million outstanding at the date of reporting,
So does that mean eneo still owe us $0.8m.? is the date of reporting this day of Fridays rns ?

Last week was 62.2m shares traded and one of the biggest weeks for a long time with many more buys than sells.
When you think approx 50% of debs shares are held by 3 holders we could have now turned the corner.
Good news to come over the next 4 weeks.
Rent reductions agreements , sale of assets with reduced debt and results. 35p+ by end Dec

you might be right, what ever happens things cannot stay the same.
If things are as bad as Foo says and we have so little cash left he could either raise more cash via another placing etc,I know it would dilute a little more but it would carry us over until something else happens, however he still has faith that the power contracts will come back and if that does then we should be ok. Or is that also more lies but I cannot see KFoo just letting it all go under.
Sooner or later we will here from our 20% holder because they cannot just sit by and watch it all go under, unless this is all part of the plan.
All this speculation is down to the bod's in the way they have lied / misled or only told the shareholders what they thought they needed to keep us all in line.
But then again we could all have it wrong and on Monday they will announce great big new eneo contracts. yipee

You just have to wonder , where has all the money gone?
They did a placing etc for $23m which helped us stay afloat then in the rns as at end June we have debts of $18m,
so we have gone through some $40m and we haven't laid any pipeline etc.
If someone did want to take us over what's it worth.
We have spent some £300m with the pipeline plants etc , signed up a number of compaies so it is a going concern although not yet profitable, but once the power plants go ahead the cash will come in.
With a MC of what £40+m maybe 80p - £1 a share , but Foo would have to put that to the shareholders.

I have always thought there was a plan for a takeover ever since they sold 20% of the company and would NOT tell us who the owner was.
My bet is still eneo who knew vog put all their eggs in one basket and then drove us to the brink by not paying us knowing it could all fall apart.
I blame the BOD's 100% for going down that route and telling all those lies to justify their outragous salaries and bonuses. I also think the bod's are hoping the new eneo contract comes in within the next month to save their bacon, but many long termers can't see that happening now. these bod's should be banned / struck off for ever, after being made to pay back millions.

I would have loved to get more involved but after sending so many emails and questions to K Foo he has already come back to me and said he doesn't trust or have any confidence in me.
Sorry but I think that could do more harm than help to the group, but whoever gets involved they have my total support.

Foo said it would be renewed in about 2 weeks ( 24th Aug) on the last video, but of cause that was NOT an rns so I guess it's not something you can hold him to as it was not official.
I am still guessing it will be 1st Oct if at all. Maybe it depends on how much we have to pay again to get it up and running.

We have had 10 months trading since we found out about the loss of eneo contract and it seems that we have only 4 new customers signed up, Why?
Why haven't they been out doing deals even discounted price deals to get another 10 -15 customers signed up, after all Foo did say they were there and wanted our gas..
10 months down the line and NO real progress. Madness.

Good god what can one say, even the bod's are now concerned about be able to carry on.
Increased debt and only paying back the interest, these guys should be shot for the amount of money they have spent and what they are taking as a salary.
The position is as of end June so what has happened since then, If we don't get this eneo contract sorted in Oct can we stay in business until the cng is up and running.

Well who did expect an rns today / month anyway?
VOG are the craft masters at giving notice of what’s coming up but never delivering on it.
I think they pride themselves is stringing shareholders along knowing full well what they say will not be on time, just don’t know why they don’t just keep their mouths shut until something is ready to be announced and then tell the holders.

Don't make me laugh, pr team.
We all know that 1 or 2 people who are sitting around doing nothing put down a few points on the back of a fag packet, then they forget to send it to anyone. complete joke.

Yes so that is almost 5 weeks, Why?
They must be discussing it's a 5 year or 10 year contract. !!!!!!!