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JAR
If you look at my post from last week that's what I do as I heard him saying this in the Sky News interview and with the MP Committee just after buying HOF.
He could do a lot with everything but is it worth doing that's the million pound question?
Mat
For some this could be 000s don't disrespect 5p.
HK85
With his recent shenanigans I think he cares more about control rather than his 30% which has already been written off last year which plunged SPD SP from nearly 500p to 200 plus.
If he gets control he may come out and say I'm not bidding as he doesn't need to. Also when DEBS goes to admin with him in control he will pick of the pieces and say LOL.
21A
I was 14k under thanks to him (MA) I got it to about 1800. I'm only buying small lots hold 100k at 3.10 I'm not at all fussed as I'm happy from 14k minus to minus 2300 but don't want others to lose or risk their money on 5p hope.
There will be wild swings and money will be made and lost same like Flybe.
S86
I agree he's fighting with unconventional tricks but the guy does not pay over odds and all his offers were based on him controlling Debenhams with 40m/150m loan and buying £100m MDN with buy back clauses. Even the possible offer was preconditions without any guarantee of taking over debts.
So what makes you think he will over pay with 560m debts when he paid only 90m for HOF with gross assets of just under 1bn.
Scully
I think you're delusional and good luck if you get it.
Infact I can put £10 bet on you becoming the Prime Minister of the United Kingdom than Mike Ashley pay more than 5p for Debenhams.
HK85
I think people here are on some cuckoo land,expecting MA to pay more for a failing company.
We should be grateful if we get 5p as he will try every trick possible to get control of Debs without paying that's the new trick of email from shareholders.
I now think he may not even bid this white elephant will be very expensive unless he knows he can get this through cost savings over the years.
at 5p £43m for 70% stake
£200m for emergency fund
£520m for total debts
So his recent shenanigans indicates he may not bid and let it be diluted as long as he can control it.
I think I agree he's has not given up and fighting hard. This will go down to the wire April 8 with wild swings from 1p to 4p/5p thst day traders including myself I would love it.
I have reduced my nearly £14k loss to around £1800 plus another £500 down so £2300 its profit for me from the point where I was so I owe him a lot for saving my bacon.
Regardless what he does keep playing until Apr 8. He converted my long term investment into day to day roulette which I won a few and lost a few but it's been wild and most days I have had headaches after 4.30pm and destroyed my family life but in the short term I can live with it.
My wife used to taunt me with my loss for past 2 years atleast I can now say it's only £2k loss or even profit of £2k so MA keep going at it keep it swinging and let's make or lose some money game on.
SCULLY
I think this strategy to see if he can become CEO without putting up the money e.g. bid just dilution. If this doesn't work then he may be forced but I'm not sure if he wants this white elephant with all the debts which can afforded by him but he doesn't pay £20 odd for a good striker for Newcastle United which will keep them in Premier league and earns millions every year I doubt anything.
He is as unpredictable as Donald Trump.
SP would be zero by now if MA wasn't in play and we would all be buried in a single grave by our incompetent BOD.
Thinking of 10p why not £10 you're thick as anything.
MP
Must be on some crazy stuff.
Go to sleep and keep dreaming.
MA invested say £150m in stock which had been W/O worth 10m now.
He needs to pay bondholders £200m no interest anymore of 5.25%.
Bank finance is not an issue even though debt but can be managed.
New money of 200m which they already have which he was going to put anyways plus 43m to us lot for bearing this pain over many many years.
Go Prepack
the banks/bondholders would demand atleast 300m for 200m new money plus 100m for MDN.
Bidding will cost 243m admin may cost over 300m as new money isn't zero neither the Danish business is ZERO only advantage no debts but no guarantee he would get for that price so could be more than 300m if anyone else gets interested.
HK
I'm good hopefully you're fine too. I was off today so could focus on DEBS.
I think I prefer 5p done and dusted other options we don't know what % we would get or would be worth anything after taking half a billion of debt.
Atleast here take your money and go and find something that will make or cover DEBS loss.
let's see what happens I may get 5p or nothing depending I hold or sell. I'm not fussed anymore but there are lot of people who have been destroyed by this BOD and their incompetence so I wish they get the best outcome they hope or wish for.
HK
My loss is around 1800 now rinse it today.
Then bought back at 3.10 assuming 4p so down on that front but from 14k down to 1800 plus the new lot feels like profit to me.
I feel sorry for you mate.
95% chance is too much probably 50-50.
Even MA doesn't think he will bid with 95% chance.
Don't oversell this regardless what he does he will lose in the short term may get better long term as he got so many brands he can just shove them everywhere.
Another thing I would do if I was MA and buying this white elephant just keep HOF OR DEBS in small towns and combine them in city's I don't know how far this would work but atleast both brands will have almost same presence.
SH BUY is £43m he won't pay again for what he holds already.
BOD has already acknowledge possible 5p bid why would be pay more it's just plain dumb to think he will pay more!
BOD won't care if MA bid 2p as the company is worthless with so much going on sadly. That money goes to SH so they are more concerned about their jobs than us lot.
I think the market believes bid will come otherwise this would be sub 1p so hold for now and see how this pans out.
There will be insane volumes and swings keep an eye what's I dey does if he reduces then bid won't come. Odey gets right most times.
Dan F
Don't mislead the public consent does not mean it's finished. April 22 is the doom day.
This will be 0 in no time sadly as everyone will rush to sell them MA of 5p will come....Consent given agreed but this is not finished until April 22. For all shareholders GAME ON.
Goat
I hope your avg is under 5p otherwise some of your money is wiped out 100%.
Dont worry we can cry together on Apr 22.