Member Info for sj1313

19% and rising with a lot of the day traders already having taken their quick gains this morning (smartie)

happychappy; Ive got a few options in my mind how this could play out, but I think either way its going to be a battle and if MA really wants this he is going to have to pay more than he wants to one way or another.

Smartie: if you manage to get in at another low entry point fair play, but be careful not to miss out on a higher rise. At least retain a small holding to secure against that

rogue river; nothing irritates me more than when people make out 40 million is not a lot of money, as if a bank would just say yeah sure theres 40 million. Its not Wonga that have underwritten this loan!
I recently did a deal for 8 million, it took months and they went through everything with a fine tooth comb, which tells me if they are happy to lend 40 million they are more than comfortable with Debenhams current debt level

thanks pearls, the run up to 17th is going to be fascinating

happychappy; agreed mike Ashley will never pay a high price for anything, but if he remains locked out by the board his options will be limited and as we move into the summer the maximum takeover price is 11p. Im more than happy to sit on a 3p average for the potential 11p minimum down the line

rogueriver; I have to ask the question if Debenhams are in such a 'perilous state', why are the banks happy to lend to them and why does Ashley want it so much? The press have done a fabulous job of talking this up, but the banks make decisions based on security

yes pearls you've been one of the few that has stuck to your guns when the sheep run the other way

id quite like to top up tomorrow realistic view so hopefully you have a large holding if you are planning on selling

someone that doesn't know how to apply a stop loss but has 1356 posts on the site haha!

world go round; I thought you had a bit more candor than pretending to be an amateur seller in distress. Did you not get in early enough or are you trying to top up at a lower entry point?

mycar; mike Ashley wants this business because he can see the money that can be made. More importantly he has made this move because the board are trying to lock him out of an imminent refinancing deal. He has shown his hand and the bottom line will be if he wants it he will have to pay for it

smartie I hope you retained at least some of your holding. Focus on historic prices when there has been significant news and you might miss the boat

Smartie; I hope you were double bluffing and are actually still in debs as it’s about to get interesting!

Agreed Pearls, although I actually see similar to other attempts; MA will bid for this but be out bid by other competitors. Although It would also be nice to actually see him forced to pay a high price to acquire it in the end.

smartie; I will cash out a small amount at 10% profit but I have a larger holding that I intend to keep for the long term. Ive had a few good days out of this share and I expect the volatility over the next few months to produce some more. yes there is a lot of risk involved in the longterm but Im hedging it against other investments I hold.

smartie I come on here purely for your analogies in between the financial nuggets. So far ive had taking a bullet to the head, something about a horse and jockey and praying the jockey can hold it together and now the titanic! the only problem with my lifeboat will be getting the profit in from 2.90 buys this morning

franalex; the simple answer to that is because Debenhams is not going to head into administration. MA's best chance of taking charge of Debenhams in that kind of hostile takeover was at Christmas around the time of the 40 million loan, but he was locked out. that leaves him in the mix with any other potential bidders. I don't care whether he gets it or someone else does, but no doubt he will push the price up for the investment firm that make a sensible bid

smartie; as I said before the reason it has recovered is because all of this has already been factored in

what makes me laugh the most about MA bidding is people trying to say he is doing us all a favour; a white knight haha!
He wants it because he can see the value in the business. A business with a turnover in the billions, close to Sports direct's own turnover and a market cap under 40 million. I see multiple bidders looking at this business in the medium term

dangerous game buying shorts when a restructuring plan is imminent.

Johnson; when you look at the annual turnover and assets for this company if it does stretch until the 20th of Sept before a takeover I see multiple bidders.

Smartie; I don't see any solid fact behind the percentages of the outcomes you have provided. on days like this with rampers and shorters I like to go back to simple facts. One simple question is; is debenhams worth more than todays crazy 36 million market cap? If you get that one wrong Id give up trading IMO