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He won last time to remove Chairman and S/P either way will go south
Maybe time to think consider selling shareholdings as Debs problems have not changed only got worse in reality no question of that and just cannot see any upside for shareholders and for sure S/P will drop again this only my opinion
Regarding the Debs board think they will be waiting for pay off as have no shame CEO board should have resigned some time ago my personal view is that a lot of shareholders will lose out
Before you all get to excited the shares are still down 1.5% over last week land really not a lot has changed it will still not be good for shareholders as CVA will more than likely happen or MBO with MA for a £1 then do CVA he has so many options available and backers
Of course they will be disappointed the gravy train for them will go New Captain and Crew yes please
Just really pleased the board will get sacked very lucky people and it would appear completely out of there depth and will get pay off its wrong they have failed on every aspect
Lets just think about this MA is already a major shareholder so why not get support and get on main board understand things he has great advisors and timing is spot on DEBS board has completely failed so I agree get shut but lets see what's happens nexts next CVA and he is in the driving seat
Do not think so best he goes goes
I think he now has the other investors on his side so he will be appointed to the Main board as soon a agm can be arranged
So Action stations and tin Hats now he has started his bid
So here we go game on lets see what the plan is as Ma breaks cover again and in much stronger position
At this stage forget who or what it compares with debs is debt ridden with higher overheads now also controlled by supplier for goods so you cannot compare as sales can be above or even better it still will not survive in current format
Ok please look at the BBC News website on the business section and read Debenhams where is says statement rushed out then make your mind up
Its very clear the position has worsened now hence the last minute rushed update believe me working capital is very desperate and is not going to improve a debt swap for equity is what the board will be trying for but then shareholders will be wiped out and the lenders will take control or CVA but don't be surprised if it just goes into administration either way not many days left when shares will have little or buyers but this is only my opinion
The reality is debs will have less control over prices with Li Fung so margins will be under pressure its just a desperate measure by a company which appears to be in free fall
sorry as you are correct its only my opinion but longer it goes on the worse the company value is so I am not 100% convinced that Debs will not go into Administration as even CVA will only be temporary reprieve
Don't disagree but life is always which side of the fence you are on
Why would the borrowing costs go I am not sure what you mean
Took a while for people to find out how ineffective the Debs Board is
Debs are desperate for working capital Many suppliers are still not playing ball so debs credit terms have changed
but the £ v % USD has improved which is helping prices with goods from Asia with other retailers we also don't know what the effect on margins will be with LI FUNG I guess is less as they will not be doing it for nothing as Debs will lose all negotiating powers so really have put themselves in a corner with supply base VERY AMATEUR WAY again showing weakness of the board
Sadly its not if its when Debs go into Administration now market cap approaching £36 million and the very unprofessional way the trading update reads no body likes bad news but if the shareholders get the whole picture they can then make decisions but this RNS begs more even questions And I still think DEBS debts increase will be very alarming now and huge rent bill to pay shortly the big questions is how are they going to handle that also for sure the banks lending criteria would have not been met so not good day at black rock