Member Info for themuir01

I dont know much about flyb I wasnt wathing... did flyb have new credit lined up?

No he's going legal now

As the termination of Debenhams noteholder consent process was one of the waivable pre-conditions to the Proposal, Sports Direct is giving further consideration to Debenhams' announcement in the context of the Proposal.

Ashleys going legal :-)

???

I'm sure agreements have to be signed before announcing.. the vote only finished last night.. any RNS would be in the next working day or so.

I can't see Ashley giving up...

Thanks, not a very long interview. I expect his reps at the hight court trying to block the borrowing. It's over to him now with this offer. He needs to get his finger out.

can you post the link please?

Where is this from Babbler?

The usual will be on here flushing you out at a loss. Its a gamble but at least with this you know.

Don't listen to half of the posts on here.

Have a good day! GLA

Ehh? he's lacking confidence? He wants to buy a business that makes a 100 million a year, he's said he's interested... he has 150 million invested, he's trying to oust a failing Bod... explain why he lacks confidence please.... a billionaire business man that owns ghalf of the high street?

The usual will be on here flushing you out at a loss. Its a gamble but at least with this you know.

Don't listen to half of the posts on here.

Have a good day! GLA

enhams’ problems partly stemmed from heavy debts and expensive lease agreements signed during a period of private equity ownership before the credit crunch hit. But he points out that sorting out the group’s financial problems won’t make the business more attractive to shoppers, who have been deserting in their droves.

Sports Direct insiders insist that Ashley is serious about a proper bid and is lining up options to refinance Debenhams’ debt.

Ashley has said he has the “first-class leadership” skills to turn Debenhams around. He reckons that his experience and retail muscle as the owner of a string of retailers including Flannels, Evans Cycles and USC, as well as Sports Direct, will both improve trading and help him demand better deals from landlords.

He wont let this go. Bod have forced him into making an offer. He has the cash. Deb has been badly ran and made a 100 million last year...its easily managble for Ashley.

Good luck to all who are holding..the others on here ...sweet jesus get back on your bus and lick the windows please.

Ahh ok thanks :-)

Just been sat thinking and Daniel you seem to know the most on here... whats to stop Ashley takling his holding over 30 % and then making an offer?

Could he not do this?

and before you say it... MA needs to make an offer :-)

Also you can see with the saving today..230 million in rent on one building how much this company can be worth. Its been badly managed by the BOD... they need to give it up.

He will struggle to rent buildings and find suppliers if it comes out in pre pack... no one will give them credit, the company is making a 100 million a year... why put the company into a pre pack or cva when its making this much.

He is not going to give into this board. He has 80 million tied up. He always wins in the end.

You think he became a Billionaire through luck? The DEBs board have failed... and will shut the door on the way out soon.

Another auction again... the shorters are having a field day.. come on MA :-)