Member Info for Special666

Shorters will be panicking now.

Well you sound like a barrel of laughs......

Deb is rising, C4XD is rising & Coral is rising - my ISA is in a much better place today.

Come on MA pull it out of the hat for us!

Keep rising my darling!

Something is brewing.....

Broker target £3? as of March 2019?

The future of the Deb BOD on a pre-pack situation.

https://www.retailgazette.co.uk/blog/2018/10/sports-direct-fires-house-fraser-directors-senior-management/

If they want to go through a pre-pack it'll be HMRC, the Banks and the administrators that'll call the shots. The BOD will not want that at all.

That depends, HMRC may not accept the pre-pack if it could of been avoided. HMRC will be their biggest creditor for sure.

But we're talking about a company with consistent annual revenues of over 2.3bln. The potential is crazy, and he obviously sees its intrinsic value. 6.5p would be pocket money for SPD. Add in their automation processes for the supply chain, centralise head office cost etc, you'll have a pretty big efficient empire - taking him to the next level.

You can't believe anything on Twitter, but it would be good!

I get your point but with a turnover base that big, managed correctly, could be very lucrative. In administration he risks not being accepted by the administrators. Pre-packs are not easy to get through with HMRC, the Banks and landlords knocking at your door.
Easier to pay a value, service the debt with cost savings and renegotiate with the lenders. He trump this royally as the outright owner.

Well he's either in the know or he'll be deleting his Twitter account in the morning.

Seems a strange thing to state, no ramping benefit due the timing.

He seems confident.......

https://markets.ft.com/data/equities/tearsheet/forecasts?s=deb:lse

Negativity sets in when there is no new comprehensive news. A couple of red days and everyone's in a panic.

Time for flight or flight to kick in......squeaky bum time.

Isn't the best outcome MA appointed CEO rather than a 5p takeover bid? He'll quickly turn this business around.

Agreed, its whether or not they can determine whether it was purposeful or bad accounting.......begs the question why the appointed auditors didn't identify this when looking at the balance sheet control, revenue recognition or any provisions. Major internal and external control issues by the looks of things.

If this was simply a case that the VAT was overdue, then it would already be included in the liability presented in the balance sheet and factored into the SP.
To me it sounds as though it could be a case that a big chunk of receipts have been received over the years inclusive of VAT but shown/declared as revenue - Decreasing Revenue. Or some purchase were made and input VAT claimed when it shouldn't of been - Increasing Cost base.
Both would decrease margins materially. However, It would also positively impact corporation tax too.

Interesting to watch how this will pan out after the patisserie valerie accounting errors.

That would be good news. It's a dividend paying stock so it will be on peoples watch list at this level.
I can't see it staying below 7-8p for very long.
An update of how 'material' the 2nd half losses are would be welcome. If it's a couple of hundred thousand, then the business is in good shape still. IMO

I wouldn't of thought you'd see any figures until end of August/September, this was just a 'state of play' update.
Which is why it's a very strange price drop.