Radaking
16 Dec 2017
Re: On line Ashley is no fool and obviously see`s something in Deb.His money is more than welcome to us long suffering shareholders in these difficult and challenging times (now where Have you heard that before? every ducking Debs report!).
Einstein the Second
15 Dec 2017
Re: On line When Mike Ashley sells Newcastle United for circa 300 Million, where will he reinvest it ?Hopefully not in Debs. , for the sake of the staff at least. Shareholders will do well without him in the long run.To be honest it isn't a very attractive takeover target, unless you have a view opposite to the accepted wisdom that Department stores are dinosaurs, and the planet just got hit by an asteroid !
TX2
12 Dec 2017
Re: On line Except DEB cannot rebalance its property portfolio to major on its profitable stores except at huge cancellation cost (which it does not obviously have) & build its online offer because it is locked into very long leases on its stores.This is why it is being shorted;these parties think it will in due course have to apply for a CVA under an administrator to restructure and shed leases leaving little or nothing for present shareholders after refinancing.
FRTEB
12 Dec 2017
Re: On line "Scary messages" eh?! Just wear a tin foil hat! There is risk in everything. Getting out of bed carries a risk. Get mugged on the way to a shop or run over by a bus. Sure there are risks when ordering online - they're just different risks. The only thing I won't do is use my phone for financial transactions. The last update was over two years ago whereas my laptop gets frequent security updates (running ubuntu - much more secure than Windows).For what it's worth, I don't think it's bricks & mortar Vs online retail where only one will survive (generally speaking - there are always exceptions). I think in most cases the two go hand in hand and one would find it difficult to survive long term without the other. I think we are now in the exploratory phase of finding the right balance between the two. There will be casualties - there always are, but most household names will not only survive but thrive, as long as management are forward-thinking enough.The retail sector in general is being hammered by the markets. But that presents opportunities for the long term. Look at the charts for DEB, PETS, DC. - all of which offer good value IMO. HFD did too when I bought at 303. Look at the chart now. Listen to the noise and it's easy to become paralysed with fear and end up doing nothing. Best to have a long term plan and stick to it.
Gooffy
11 Dec 2017
On line Avoid the risks shop in a shop.Lots of scary messages about the web now a days, suspect its popularity might diminish, could be wrong.I hold for long term.
idontwanttolose
10 Dec 2017
Einstein the Second :Three years timeframe The City is beginning to talk excitedly about the prospect of a flurry of deals in UK retail as many of the big names seriously struggle, with the tipping being the expected green light for Tesco's takeover of wholesaler Booker. A tie-up between Marks & Spencer and Sainsbury’s is one, but senior retailers insist almost anything is possible in the current climate, involving Next, Morrisons, Asda or the long-rumoured merger of Debenhams and House of Fraser. -I hope the merger between Debenhams and House of Fraser does not happen (see below)House of Fraser has been branded a “very high credit risk” by ratings agency Moody’s in a further sign of the retailer’s fragile position. The department store chain, owned by China’s Sanpower, led by cigar-loving Yuan Yafei, above, has reported weak trading in the first three quarters, leading Moody’s to slash its rating from B3 to Caa1 — “poor-quality” territory. - Sunday Times
Einstein the Second
09 Dec 2017
Three years timeframe From the newly published annual report, Q&A with Sergio section' Within three years, you will see real change at Debenhams. 'He thinks it will take him that long to turn this supertanker around.Sounds like a candidate for Woodfords patient capital fund !Hopefully they will maintain cash flow and dividend and see off theshorters well before then. I loved it at 50 p, I love it even more at 33p.
Gooffy
08 Dec 2017
Brexit part 1 done Hoped this would put the price up sadly not.Written to Sergio suggesting director buy or news update
forwardloop
07 Dec 2017
Ex div 2.4p Hence the 2.2p drop in price
TX2
07 Dec 2017
Re: Book price 75p Tangible net assets per share is approx minus 10p per share;the other 85p to make up the book value including intangible assets is "goodwill" or basically the excess price over tangible assets that the private equity sellers sold Debenhams to the listed holding company.Debs has a weak balance sheet.Dividend is only covered twice if you exclude claimed one off provisions if you include them it is little more than covered.The problem is that each year there is another lot of one off provisions.I don't doubt that the better locations are profitable & hopefully will remain profitable but it is locked by long leases into many more marginal locations which it cannot close or relocate.This is why DEB is being shorted, the shorters think that increasing losses from unprofitable will drown out profit from profitable sites.I would like them to be wrong but I fear that they have a strong case.I had hoped that Mike Ashley would develop lots of concessions for Sports Direct & his other brands eg Flannels to utilise space and provide income & of course bring in additional footfall perhaps of a younger age profile that would generate further business within the stores but this is yet to happen.
Gooffy
07 Dec 2017
75p Kindly explain that one at 34.5 to sell seems a mile off.
Roger Baron
06 Dec 2017
Re: OCDO Well that is a very balanced analysis of all historical shorting.
Thedarkkn1ght
05 Dec 2017
Book price 75p That can not be ignored nor its history.Ashley's 21% stakeDividend twice covered by earningsLeeds WhiteRose always packed.Beauty sales soaring.
Gooffy
05 Dec 2017
III Thanks for posting a sell when it's fallen a lot.That is the reason for the fall , the shenanigins with brexit don't help. Beginning to wonder about Mrs May and her hedge fund husband myself
Gooffy
05 Dec 2017
ODEY ASSET MANAGEMENT Biggest short is debenhams by some wayNice to see there Sainsbury short not working out today perhaps they might review.Had expected a rise into dividend but shorts confident it seems.Sheffield shop is busy at the tills and super busy in cafe, HSBC are building a huge HQ right next door.Would appreciate other store reviews the shorts make me nervousWhy are we getting daily RNS hate to see that unless its a buy back
