Member Info for southcoastbather

"The articles of association were changed in July, so the finance wasn't last minute at all as it was clearly agreed before the AoA were changed."

Yet the company said this on 24th july....

"Debenhams Group (DEBS.L), the online powerhouse in fashion, home and beauty, notes the recent speculation regarding a new debt facility. Shareholders are reminded, that as previously announced, it has in place an existing £125m RCF which does not expire until October 2026. It continues to review its debt facilities, in the ordinary course of business."

I would imagine all the lenders wouldn't even have started the process until the aoa were changed.... What with the state of the company and the 349 million loss coming.... You don't think they had to disclose that little loss to the lenders??

I was pretty close tbf😂

SCB called it right the whole time Tradey...

southcoastbather

Posted in: DEBS

Posts: 8,708

Price: 19.24

No Opinion

RE: Expert View: Trainline, Diploma, Frasers, DFS, Sabre Insurance23 Jul 2025 13:58

You will know within a month why this has dropped....

There's a reason behind every price level drop...

You will still be sat there dribbling about debenhams in front of the mirror though....

13p on results...

The problem is people don't really understand how dirty the market is - they haven't had a look inside what goes on in the background.

I've been on the receiving end of a company going bang and was able to find out quite a bit of what went on.

Administrators come in a lot earlier than people think, that finance deal here was a last minute deal done in a rush and could easily have failed.

How ever you dress it up the company was days away from suspension and the plt for sale was a last minute desperation idea to fool investors.

I've had in depth dealings with company nomads, administrators and company executives as well as communication specialists.... None of them have shareholders interests at heart.

The only saving grace here so far is frasers.... It would already have dissappeared from the market by now otherwise.... Its as simple as that

"The market used to hate Rolls Royce, Sports Direct, Next, M&S amongst other companies

Sentiment can easily change"

😂😂😂😂...

Strangely all of those companies very quickly found a way pf reversing their fortunes and returning to growth.....

2 billion...

1.75 billion...

1.46 billion...

1.2 billion....

Next stop 998 million???

Lets not talk about the losses....

Oh negative net asset value is big problem alright.

"So for instance the total value of all the brands represented in the balance sheet is £68.7m

Which means in the real world the balance sheet is totally unrepresentative of real net assets"

Im assuming you have emailed the cfo about this by now and had a response?

Why would any company drive themselves into negative net asset value??...

Everyone inc the company are manipulating this company, mms, shorts, directors.... You name it and they are driving the value down to fake levels... 😂... Unless of course it's just a turd.

There's a pattern forming....

FY25: Net Assets £3.90M

FY24: Net Assets £279.70M

FY23: Net Assets £400.00M

Bf - why don't you email the new cfo to discuss your valuations for the accounts he has prepared?

After all the praise you have given him I can't believe he has made a mistake.

"Cheers Razor let's hope we got a nice chunk"

Tell me the last time we got a nice chunk of the retail sales that have been growing over the last 3 years....

Delusional beyond belief lad.

Revb being valued correctly could of course wipe out the 3.9 million net asset value?

Https://www.google.com/amp/s/www.cnbc.com/amp/2025/09/04/burberry-to-return-to-ftse-100-after-a-years-absence-amid-overhaul.html

Burberry doing the business under their new ceo.

Don't forget they are forecast ADJUSTED EBITDA..... Absolutely comical.

I'd bet they are already on negative net asset value as of today tbh.

Thank god frasers is here or Mahmud would have had this away by now.

Sit back and read before pressing the post button if I were you....

The frasers ceo has had the share price target lowered to 12 quid from 15 quid which is still a record share price for the company and will certainly have share holders buzzing with joy.

This bunch of clowns had a target of over 500p, they then lowered it to be paid out in full somewhere around 150p, they then tried to lower it again for a 3rd time but thankfully they got defeated by Mike. They are now working on an even newer version yet again !!

Maybe they should concentrate on stopping revenue rotting away for the time being eh?

H1 coming soon... Revenue of 550 million and losses of 80 million incoming... Get the sick bucket out lad.

"Southcoast rather than posting garbage, why not compare Dan's ongoing package to last year's?

Or, alternatively how much more do you think Frasers CEO would have been paid compared to the CFO if his £100m bonus had come off?"

You always seem to want to forget about last year - always onto the new year which has always been worse than the previous year - do you see the pattern forming??

Why on earth would anyone compare Dans package to that for the frasers ceo

But since you mentioned it....

He currently works with no salary

In the process of him trying to earn his bonus he has made over a billion in profit for the company so far

With his bonus being linked to the share price and profit he will likely have made over 2 billion in profit for the company as well as adding nearly 3 billion in mcap by the time he gets his bonus.

What has Dan done? Wiped 70 percent off and already trashed share price - the blokes an absolute clown.

It needs to near on treble to get to where it was just before Dan took over.... Imagine a job where you take the sp from 39p to 13p and get bonuses for it.. I don't think anyone is laughing except Dan tbh

I suppose another way to look at it -

Can anyone name another company where the ceo earns 15 x what the cfo does?

Tbh I think was have a dangerously underpaid and under experienced cfo right now. It stood out in the presentation as well.

Hes gone from 650k to 4.5 million, whether he has to pay tax or not I wouldn't say he has skin in the game... More a free spin... And then some

I did note that a large chunk of shares had no tie in period - does he even still own them?? I doubt it tbh

Oke - 4.5 million in remuneration, there is no justification how ever it is gifted

Does nobody think dans remuneration of 4.5 million is a complete joke??

Will institutions back him for election?