The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
You are bang on should be fine short term but rainy days ahead if market cap fall sharply which is a real possibility
At some stage they will require more cash and that will be costly one issue is M&S even after all these years don't seem to have the expertises in resourcing products shorting lead times etc from Asia
You could be right but for sure the customer base is moving away from M&S for clothing etc and apart from food think it has big problem and even then in 5yrs also think that will be under threat and more than likely sold off
Just can't help thinking is M & S going down same route as Debs did if so big problems ahead in probably timescale 5yrs
Any views
Really not surprised about his pay off that was always going to happen and what he was waiting for .
However I wonder what the total payout is as presumably he would have got huge pension contributions as well its really sad because quite frankly he was never up to the job but this could have been luck on his part meaning right time right place for his time at amazon as that business model was world-wide strategy and vision from others just been a very very lucky guy
What are you on debs bod are totally responsible for state Debenhams got into also never once did they ever achieve the targets that was set by themselves and why was divis paid until recently just really bad management
It would not have made any difference to the outcome as they new he would have fired them all off very sad day for all
Yes the they are are all aboard but the captain and crew have no bloody idea how to navigate hence the mess its in so first we need new captain and crew to steer the ship .But its more entertaining than Brexit
In reality who would he want to sell them to as no buyers out there for that volume and to be fair he gave debs the chance of a lifeline and the Debs board rejected it and have a lot to answer for for the lack of management of the years
the CEO and the board have failed on every count its a disgrace
We need a white night pretty quickly to make MA black night bid lets see what today brings as they say it all over until the fat lady sings but on a serious note debs cost base has not changed as yet so guess losses are increasing as well as debts I believe li fung is no way nearer with supply base and existing supplier want pro-forma below releasing/ordering stocks so pressure is mounting
We need a cheeky bid now for debs just to get MA out of starting blocks with a counter offer market cap now £26 million
its a fine balance now for MA does he bid 5p or would it be better for him to write his shares off and let debs go into admin then step in mosts debts would be written off landlords would have to reduce rents and leases renegotiated its possible an overall cheaper option for him rather than buy and take on all debs problems but shareholders would lose out any views
He will have the best advisors so he knows when to pounce just not yet
Purely because nothing to lose by waiting and I think by leaving it until last few days he will be more confident that there is no one else in running then Debs have other option then to accept if the want to survive
MA and his advisors are playing the game very well slowly wait until almost last day then bid will arrive Debs will have very limited options left as been guided into cul de sac then bid 5p just cannot see anybody else wanting to bid
p.s Like him or not god I wished he would have handled and led the Brexit negotiations
To be fair we don't know how that is going but its nothing like the size of Debs also he said HOF needs to be like harrods then puts sport direct in stores just not sure that the right thing to do unless it is completely separated within the building and has it own entrance it would not succeed with that vision and surely not a good long term investment to be had with Debs
Because Debs debts are probably £500/600 million margins are very low investments required will be huge its has no structure MA maybe a good business man at sports direct but this type of retail is a completely different animal to manage
MA would be crazy to buy Debs as the cost of sorting it problems out would huge but its the only chance for shareholders to get something otherwise pre pack and new will happen wiping out all the shareholders and the 6 million dollar question is we know the high street was Debs but not sure if Customers are that bothered it has no identity just a mixed up department store sorry but think its game over and will continue to shrink
Maybe he is unhappy buy had he been successful at shareholders would have got a min of 5p now they will get jackshit
BOD urgent now to replace as Debs will go under within 2yrs if not
What we don't know is have debs gone into serious losses now and maybe they need that £200 million I guess sales have dropped on their on line business as customers would be reluctant to order and pay just in case Debs goes under
some thing just not right why is taking Debs so long to get funding in place is it that the appetite is just not there for it what ever happens even if funding goes ahead it is a temporary stay of execution as the debts just keep mounting so my opinion is why would you now invest in Debs it has no Management no cash no strategy and now not a lot of stock it will end up with shareholders losing maybe all and still believe none of the BOD has resigned
Maybe to late to save debs now as go at look at the stores its seems that stocks are low as suppliers are not willing to supply unless cash up front its very clear debs does not have future an shame on you BOD for the mess you allowed it to get into bloody pantomime