Debenhams Live Discussion

Ripley94 12 Dec 2018

Last man standing? DEB… XXXX Bought a few for a punt here today ( 1/2 ) 5.5p … lc very keen .

Ripley94 21 Nov 2018

Last man standing? DEB… XXXX Looks like a traders punt big moves each day nearly . Talk of … punt @ 5 /6 p

Ripley94 15 Nov 2018

Last man standing? DEB… XXXXX Nice rise here today up 21 %

edge 10 Sep 2018

Last man standing? Fair comment! Talk of a CVA is ominous, however Debenhams have been quite good at sub-letting space in their shops to generate income - sometimes to external brands, and the talk of putting in IT work-spaces was quite a good idea as it will be in town-centres. But perhaps they need to look at subletting to Gyms, which is the current fashion for generating revenue from empty town centre space. So the space is then an asset not a liability,

TX2 10 Sep 2018

Last man standing? We have yet to see any offer for Magasin du Nord;the price is merely speculation.Any surplus in the pension fund does not belong to the company until all pension claims have been met.I doubt if it is in surplus on a third party buy out basis. Debenhams has one problem that over rides any others.Its long property leases.It has off balance sheet liabilities of future rentals on leases that cannot be cancelled or varied without the permission of its landlords of in excess of £4 billion plus upward only increases mainly based on RPI,many of these run for over 20 years.It is also liable for rates & maintaining the properties during the course of the leases. This means that Debenhams cannot close,relocate or downsize it stores in most cases.As its landlords would have difficulty in renting the stores to other parties they are unlikely to agree. It is likely in the future that Debenhams may have to be restructured to amend its property costs to meet present needs.This may have to be done by a CVA with creditors (mainly landlords).Whilst Debenhams has potential future value once restructured in its brandname,online sales and probably in a fit for present purpose bricks & mortar stores.It is difficult to see present value in the shares as refinancing will probably be required.Smaller private investors could be very vulnerable as they could be cut out of a refinancing. Present shareholders who have lost most of the value of their investment may understandably think we might as well hang on and see what happens & I wish them well but I feel I think it is very risky to buy these shares presently.

edge 10 Sep 2018

Last man standing? Seems very hard to understand? - Magasin du Nord can be worth £200M but Debenhams is worth less that £200M !! - which means they have negative value -even with a surplus of £80M sloshing around in the pension fund!

Ripley94 10 Sep 2018

Last man standing? DEB… XXXX RNS … Looking at closing stores , on radio news its dropped 20 %

Ripley94 29 Aug 2018

Last man standing? DEB… XXXXX Interesting KNIGELK over on LSE likes Debenhams. I confused it with House of Fraser. But see here they where rivals .

ValueSeeker8 06 Aug 2018

Invesco Limited Probably because of this: PRESS: Debenhams To Sell Magasin Du Nord For GBP250 Million - Guardian by Alliance News | 1st August 2018 15:20 Debenhams intends to sell its Danish department store chain Magasin du Nord for up to GBP250 million, the Guardian reported late Tuesday. The newspaper noted Debenhams acquired Magasin du Nord for just GBP12 million nearly a decade ago. The decision to sell assets comes as Debenhams faces challenging high-street trading conditions. The company has already issued three profit warnings since the start of its financial year in September. At the time of the most recent profit warning in June, Debenhams said it expected to make annual profit between GBP35 million and GBP40 million. In comparison, the prior year it made GBP95.2 million of pretax profit. the Guardian – 31 Jul 18 Debenhams could seek up to £250m for Danish chain Magasin du Nord The struggling UK department store chain is considering selling off assets

the_rag 06 Aug 2018

Invesco Limited Hi. Anyone care to comment on the fact that this S&P 500 company has taken a 5.47% stake? en.wikipedia.org Invesco Invesco Ltd. is an American independent investment management company that is headquartered in Atlanta, Georgia, United States, and has branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York stock exchange. Invesco operates under the Invesco, Trimark, Invesco Perpetual, WL Ross and Powershares brand names. INVESCO (all caps) was created in Atlanta in 1978 when Citizens & Southern National Bank divested its money management operations. In 1988,...

ValueSeeker8 16 Jul 2018

Business NewsMiddlesbrough Debenhams is latest struggling retailer as shares plummet UK’s Debenhams denies cash crisis over supplier insurance LONDON (Reuters) - British department store retailer Debenhams (LEB) said it had a healthy cash position after a media report on Sunday saying insurers had cut cover for its suppliers sent its shares lower. Shares in Debenhams fell as much as 8 percent on Monday on the back of a Sunday Times report that the retailer, which has issued three profit warnings this year, was facing a cash crunch after credit insurers reduced or refused cover for its suppliers. Credit insurance is important because it protects suppliers against the risk of customers going out of business before payment for goods is made. Suppliers could instead demand upfront payments, putting further pressure on a retailer’s cash position. “Debenhams has a healthy balance sheet and cash position. All the credit insurers continue to provide cover to our suppliers and we maintain a constructive relationship with them,” the retailer said in a statement. “It is well documented that market conditions are challenging, but Debenhams continues to be profitable, has a clear strategy in place and is taking decisive actions to strengthen the business‎.” Shares in Debenhams, which have lost two thirds of their value over the last year, were down 6 percent at 13.82 pence at 0815 GMT, valuing the business at around 172 million pounds. Last month the retailer cut its profit forecast and launched a review of non-core assets. It said it might sell its Danish chain, Magasin du Nord, and a small printing business to raise cash. Debenhams is also reducing capital expenditure and cutting costs. A string of British store groups have either gone out of business or announced plans to close shops this year, as they struggle with subdued consumer spending, rising business property taxes and growing online competition. Department stores appear particularly vulnerable, with Bhs going bust in 2016, House of Fraser announcing plans last month to shut around half of its shops and John Lewis warning of a substantial drop in full year profit. Debenhams warned in June that it did not expect brutal trading conditions to abate any time soon. Analysts said, if anything, they have got worse, with Britain’s prolonged spell of hot weather putting people off shopping and prompting early summer sales and promotions. Debenhams has forecast year-end net debt of about 320 million pounds. “As a mid-market department store, Debenhams is being squeezed by more premium players, specialists and online,” said analysts at Liberum, who have a “sell” stance on the stock. “Structural challenges persist and we see the company as a value trap,” they said.

ValueSeeker8 19 Jun 2018

Business NewsMiddlesbrough Debenhams is latest struggling retailer as shares plummet This is the third profit warning Debenham has issued. Shares down 16%. gazettelive – 19 Jun 18 Debenhams is latest struggling retailer as shares take a plunge 'These are exceptionally difficult times' says Debenhams chief Sergio Bucher :: The chain has branches in Stockton and Middlesbrough

forwardloop 08 Jun 2018

Re: Last man standing? Source was a twitter link on Guardian.comM&S stands to gain most, in terms of clothing sales, from House of Fraser closures, followed by Debenhams[link]

pyueck 08 Jun 2018

Re: Last man standing? I think that the HoF closures will definitely mean some shoppers who otherwise would have gone to HoF will come to Deb. On the flip sides some shoppers may now not even bother coming to the town centre at all due to there not being enough stores to entice them in.What I think more though is that Deb.l actually needs to do something radical. HoF is likely to see around 25% rent reductions on existing stores through the CVA, Deb should be doing the same and probably closing loss making stores. Everybody talks about online being a big cause, and I don't deny it hasn't helped. But there are more factors at play here:- Debenhams brand being tired and confused- Stores, inventory and staff are not inspiring enough for consumers- Business rates makes running a department store incredibly expensive- Consumers just are not as interested in spending a saturday afternoon shopping as they once were, at least not unless the store offers them an experience that they can't get online- While in many ways I agree with raising minimum wages it is having a huge impact on retail companies.I want to see radical action from Deb including a slashing of rents.

Omaha man 08 Jun 2018

Re: Last man standing? I don't feel that the HoF customer is going to migrate to Debenhams; probably more of an opportunity for John Lewis.