Member Info for Treasures

Agree with that - This board has good mixed views from both angles. We unfortunately don't see the shorts that are below .5 percent. I can't remember which one it was but they closed a good chunk of their short over a very quick period recently. To have had such a big short and then close so quick, seems odd if the share was going to under 10p in my opinion. I postedthe other day re the bonds, don't think I saw a reply but would there be short hedges against the bonds.Last time I looked they were 85p ish. Inereting angle when they need repaying in 2 or 3 years. This maybe what the shorts are banking on to get new equity to close out. Hope I'm wrong and also why I think they should cut back on capex as they have said they would but focus more one sales capex which is why next in that case is doing ok. When I go in next which is hardly ever but never anyone in the shops much but they shift loads online

I'll be interested if this is just a handy opportunity for some shorts to close a bit on this news....they only paid the divi 2 weeks ago...if things were that bad the divi would have been scrapped in my opinion. Good news if it helps them get a better deal on some leases and force that hand though

- you may be right old timer but in your summary you have left out the next line of the update, namely that in order to strengthen the balance sheet they are cutting 2019 capex and that 2019 debt will be less than 2018 debt. Can anyone confirm what the update says about the level of capex, it is on the interim update. It seems very high and I can't believe that they would have a rights issue when spending so much on capex..a big chunk of the restructuring costs are already through and with other cost saving initiatives I fancy that it will look better than the market gives credit in the pricing of the shares. Just my thoughts and back to my post earlier why I think we will still get a divi in Jan 2019. Good luck all.

Hi last call, good challenge and take the point about negative posters. Agree, all are investors etc. Just infuriating the negative spin. There are positives here in my opinion and price below 20 is good value in my opinion. Also I like the fact that the pension scheme is not in a bad place like carillon and companies like BHS was. The negative bit is that quite slow on closing down some of the stores but then they are all making money even if maybe not much. I'm not usually a buyer of retail in fact Arcadia was many years ago when they were on there knees below 40p. I sold at 60 before going to a fiver....

I followed Premier oil for a while until recently. There were certain very negative posters that were not holders but found every thing negative a kept posting it. Very similar pattern to what I read on hear and advfn. What was clear after the price crashed to 19p that there was more going on with arbitrage shorting from the bond holders. Once premier oil bought back loads of the bonds the shorting percentage dropped to normal levels and the sp since improved. To the more knowledgeable than me on here could that come into play with regards to the debs bonds, I know they are not convertible but any views appreciated. For the record I own Deb shares and very long term holder as I expect a good divi for many future years.

To me, extremelely unlikely there is a cash call that's why they are cutting capex, Whilst the shorters on this board will suggest that cutting capex is a bad move it seems that the investment needs to be on e sales.As things stand I don't see a big enough uplift to bricks and mortar sales unless all the closures of HOF etc have properly filtered through.and I don't think Mike Ashley would want a rights issue and he is major shareholder. The sp will pick up as it becomes closer to MM being able to bid when he pricier buys are 12 months old. I also see final divi being cut to 1/2 p like the interim.