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switched turned hostile towards SH. Epic
MONDAY MORNING FAKE RNS
ALWAYS LOSING
Bought Debenhams for 10p a share and accepted to pay £1.5b instead of £720m as he's was very thick and couldn't do the maths.
BOD commented
We were looking for an idiot for the sake of Debenhams played hard ball with MA but then on Sunday night Always Losing put a bid and offered double money we had to accept it.
LMAO
HK
You should go for MP mate you're will be great at it.
Always Losing
Are you from Zimbabwe? I'm sorry I do at lot of charity for them on monthly basis for water etc.
ESC
Dont help us help yourself go and sleep.
Don't worry guys it will be higher than 3p minimum I think. MA is working hard this aint finished until MA gets it. Dont stress about debts MA has them under control. Get ready for the morning rocket launcher and cash out if you have any profit as there will be lot of twists and turn here and could be a SP plunge too so beware this is no longer investment and a roulette like Flybe.
Just relax and enjoy the weekend.
Mike Ashley plots 11th-hour offer to buy Debenhams
Sports Direct tycoon Mike Ashley is this weekend plotting a last-ditch £60m takeover bid for Debenhams.
He is understood to be putting together a formal offer for the retail chain after weeks of heated arguments with its directors over a refinancing plan that would wipe out investors, including Sports Direct, the biggest shareholder with 29.7%.
A source said that any bid from Ashley would come with conditions. The move could derail the rescue refinancing of Debenhams, which had been due to be put into pre-pack administration tomorrow by its lenders in exchange for a further £100m of emergency funds.
Ashley has previously indicated that Sports Direct could offer 5p a share for Debenhams, or £61.4m. The stock closed last week at just over 2p, valuing the company at £25m.
The development comes after another frantic week of manoeuvring, in which Ashley offered to underwrite a £150m rights issue and took a lie-detector test amid an escalating legal row with Debenhams’ directors.
The chain has been brought to its knees by falling sales and a costly rent bill, which has spurred a battle for control between Ashley and the lenders, including hedge funds that bought chunks of its £560m debt last year.
Ashley has held off from tabling a conventional takeover offer because he would have to pay down Debenhams’ debts in full. If a takeover were to materialise, it might be subject to a review by the Competition & Markets Authority because of Ashley’s ownership of House of Fraser, which he wants to combine with Debenhams.
The tycoon’s latest salvo comes days after he commissioned a lie detector test to prove the veracity of his recollection of a meeting between his team and Debenhams’ board directors, where they discussed Ashley signing a non-disclosure agreement to allow him to take part in the refinancing. He claims he was lured into signing the agreement to block him from buying Debenhams’ debt — which would have given him more leverage in the discussions. Debenhams’ solicitors have rejected his version of events.
Ashley’s latest antics are likely to delay or stop the pre-pack administration. Under the terms of the refinancing, lenders would take full control of Debenhams, unless Sports Direct underwrites a rights issue or offers to buy it and pay down its debts.
Sports Direct has mulled legal action against the board and has sent letters to the auditors questioning the company’s accounting practices, as well as the timing and size of its £525m writedown last year.
Poker HC USA
Sorry if anybody is offended but Daniel F and SCULLY and other mug punters have annoyed and lectured me a lot and today when I was supposed to go back at them they are hiding underground.
Kara
Shorters get a dildo in their rear if they get in wrong. Egg got dildo no dodo lol
Where's SCULLS, DANIEL F bastards used to run his mouth here. I told him to tell MA to leave his job and join him in his office doing some dumb finance thing and start advising people here on LSE for free and the prick left after sometime.
egg
you're not smart enough to understand anything as you shorted the stock and doing a nappy now! lol just joking
Coldplay
As I said before you send this pre pack they get fuck all max £200m if they are lucky if they can actually get MA to bid and take a haircut both bond holders and lenders will get better returns. If they refuse they're dumb as you can get. 3p Monday realistically that's why someone bought 3.7m shares at 2.04 and there was 2.5m at 2.15 too must be insider knowledge.
ESC
Have you got any real shares in Debenhams? Tell me the truth? lol
My work colleague is having a laugh thinking about Monday bought 10k worth at 1.97 some people are seriously lucky.
Read the one from IG DEB shares are worthless if situation does not improve if I was a creditor I won't take it.
SCULLS & DANIEL are DEAD LOL
in CASH not shares read again you arsehole!
G2017
Read properly **** off!
April 6 (Reuters) – Sports Direct chief executive Mike Ashley has offered to underwrite a 150 million pound ($195.65 million) rights issue at Debenhams on condition that he is named CEO of the department store chain, the Financial Times https://on.ft.com/2uOqiLx reported on Saturday, citing two sources.
Debenhams secured 200 million pounds in new funds last week but warned shareholders that it still faced being wiped out unless it secured financial support from Sports Direct, which holds a near 30 percent stake. ...
Debenhams said Sports Direct needed to either make a firm offer for the group, underwrite a rights issue, or provide debt funding if it wanted to prevent Debenhams' ownership falling into the hands of lenders.
In a letter to the Debenhams board dated April 5, Sports Direct said it would be willing to underwrite 150 million pounds in cash if Ashley was appointed as Debenhams' new chief executive, the FT said.
Sports Direct was not immediately available for a comment and Debenhams declined to comment on the report.
Last year, Sports Direct bought department store chain House of Fraser out of administration and has been trying to wrest control of Debenhams for months. ($1 = 0.7667 pounds)
(Reporting by Rishika Chatterjee in Bengaluru Editing by Helen Popper) ((Rishika.Chatterjee@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 99 7277 8938; Reuters Messaging: rishika.chatterjee.thomsonreuters.com@reuters.net)
With MA it's anything goes could become great or worse. 3p coming atleast in the short term.