Should i stay or should i go…? at 4p a share its got to be low risk… can they really go belly up after 200 years of trading?
My retirement fund
I have 40 shares in them in total. No idea how they’ll do or what will happen long term but at that price I thought i’d risk £1.60 but not sure I’d risk more
Saw this post earlier in the week and went in for some action. Looking really good today!
Same here - on Monday, at 4p a share I bought £5 worth. Now sitting on a pretty cool 27% profit in 3 days. Now what am I gonna spend the £1.34 on…
got 58 shares making 7% profit lol
I didn’t time the bottom correctly
Paid over the odds at 4p each instead of 3p so my profit is well down
Getting 10 more today tho with some dividend money
They are still paying dividends?
Debenhams could do with more decimals, the price is something like 0.0360, but it is rounded up to 0.04.
I jumped in for some penny shares, up 20 something percent, which is like fiver
I was tempted by Debenhams, but generally I feel like the high street is a no go and worry that Debenhams might go the way of other large department stores. Hmmm.
Non-premium department stores (i.e., anything except Selfridges/Harrods) are progressively fading away. Moreover, given Debenhams’ eroding financial performance and high leveraged capital structure (including very long-dated leases), a financial restructuring which could see the equity completely wiped out seems like a very probable outcome. The real question is about timing of this all happening.
Personally, I wouldn’t touch this with a 1,000 mile pole.
Disclaimer: I work at a distressed debt hedge fund.
After popping into one of their stores today I’d be happier going red / black at the casino than buying their shares. No idea at all what the business model is.
I think I’ll risk it for the £5 I have invested
Congrats guys! 36% up so far after the debt news
This bump is temporary. The odds are still heavily stacked against the equity. Make no mistake.
My £5 is now £6.36 - do I cash out, or hold my nerve
edit - this is a rhetorical question - please refrain from answering otherwise the poor admins have to keep deleting posts giving investment advice. My bad
I’ve just removed a post from this thread, just a quick reminder - please don’t
in the community.
But by all means share your opinion about Debenhams’ future prospects in the longer term, in other words can they turn their business around or not?
Thanks Alex, but I don’t think Mike was giving serious investment advice - it was just banter about my £1.36 windfall
Unfortunately we can’t even allow jokes that contain investment advice