Debenhams Live Discussion

Ripley94 09 Apr 2019

Last man standing? DEB… XXXXX In hindsight a chance missed to get out around even on January 9th before the awaited Christmas results . An expensive e-mail correspondence with last call for myself , not sure what his game was disappeared in new year .

Ripley94 09 Apr 2019

Last man standing? DEB XXXXX In hindsight should of cut my losses suspended 7am Admin Midday . Ashley had offered 5p it appears but board turned it down. Not worth being a shareholder when boards put there jobs first.

devonplay 09 Apr 2019

Last man standing? It is anticipated that the Transaction will have limited impact upon holders of the Debenhams plc £225m 5.25% Notes due 2021(ISIN: XS1081972850; Common Code: 108197285) (the “Notes”). That was the news I was hoping for. Potentially continued income and participation in the NewCo. The opportunity for sophisticated retail investors to participate in senior secure debt in small amounts of cash, not the usual 000’s of 000’s, is interesting and potentially opens up the way to go long and short in a stock (that’s very indebted) in a more secure way. In principal, anyway… DL

LifeInPlastic 09 Apr 2019

Last man standing? It is disappointing to reach a conclusion that will result in no value for our equity holders. However… we’ve secured our own salaries for the foreseable future…

devonplay 09 Apr 2019

Last man standing? Debenhams plc Administrators appointed to Debenhams plc successfully sell the Group [link] DL

devonplay 09 Apr 2019

Last man standing? Breaking News on the BBC: Control of ailing UK department store chain Debenhams falls into hands of lenders, but stores continue to trade BBC News High Street chain Debenhams taken over Control of ailing UK department store chain Debenhams falls into hands of lenders, but stores continue to trade DL

LifeInPlastic 09 Apr 2019

Last man standing? “so gentlemen do we choose a deal with the lenders that protects our places on the board or recommend a deal proposed by Mr Ashl…”

devonplay 09 Apr 2019

Last man standing? Debenhams plc Request for share suspension Further to its announcement at 7.00 am this morning, Debenhams plc has requested that its shares be suspended with immediate effect, pending a further update. [link] So, will he be back on to say “no haircut and underwritten rights issue”? DL

devonplay 08 Apr 2019

Last man standing? This could be an interesting hour… DL

Ripley94 04 Apr 2019

Last man standing? DEB XXXXX Down to 1.95 just above lows , not looking good. Noticed its in the most traded shares list .

Ripley94 01 Apr 2019

Last man standing? DEB XXXXX No Monday offer but a temple letter produce by Ashley for others to express support for his wants. MM playing with it 25% up first hour by 10.30 am 10% down .

devonplay 30 Mar 2019

Last man standing? I wonder if he does make a formal offer, who’s paying for the £500 million of debt? SPD must be full of largesse…guarantees for the bond holders and a generous offer to other shareholders! What happens if he takes it private, a dissenting shareholder on a register held somewhere in a dusty back office of SPD? I still can’t see much of anything in the shares. The debt secure by SPD is what I’m hoping for, bought back at 100% plus the trimings. On that basis, I wish Ashley Godspeed. But, I wouldn’t be surprised if he gets Old Testament with other equity holders. DL

Ripley94 30 Mar 2019

Last man standing? DEB XXXXX Good right up in Guardian today , it is all down to Ashley now to make a bid or not . He will have to cancel his proposed meeting to replace board with himself , and put in the extra funding . He has 29% of shares , if he does not share holders will get nothing back. April 9th ish deadline .

Ripley94 28 Mar 2019

Last man standing? DEB… XXXXX RNS… That bond holders have agreed to refinancing debt , which enables them to borrow more money and is what board had wished for. But not good news for holders it appears… down 17% bid less likely it is said. Board seem determined to wipe share holders out. Talk that it could be tonight @ 5pm. Clearer chat on ADVFN.

TX2 27 Mar 2019

Last man standing? Mashley is having a great time baiting Debs “management”!It is probably too late even for him to salvage anything.Takeovers take time & Debenhams has not got time. But to save Debenhams from imploding he,or anyone else, has to do one thing.Keep suppliers on board, without a constant supply of new fresh attractive stock and ensuring they are paid Debenhams is dead in the water.Sales are presently in freefall,(based on reports from concessions) & held up only by massive discounting,I doubt if new stock is arriving in required quantity as suppliers doubt if payment terms will be met.Losses must presently be large as if bills are to be paid as overheads stay the same…assuming management intends to pay for goods or is Debenhams in fact trading whilst insolvent? Once stock begins to run out and the stores look like a jumble sale it will be difficult & costly to revive them as Mashley has found with HoF. Landlords & past lenders are yesterdays men.Landlords will need to charge a future rent appropriate to business generated from their properties,if still needed.Debenhams has few assets left and lenders will have to take a major haircut for the business to survive or get almost nothing in a liquidation.New money will rule & suppliers need to be kept on board,otherwise the business has no future.