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Thread: Retail Blood Bath in New Year

  1. #901
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    Quote Originally Posted by sic transit View Post
    Mike van Dulken on Twitter:

    Moody's says Debenhams' refinancing talks could falter, leaving creditors out of pocket; cuts outlook to negative from stable; liquidity profile adequate for time being, but falling share price will have hindered prospects of fresh capital.
    Per Hansen on Twitter:

    Debenhams 2021 unsecured corp debt trading at roughly 41 pence to the GBP. No wonder shares have plunged 90 %



    I wonder could we have an imminent Woolworths type event? Debenhams just pull out of Ireland altogether in one go?

  2. #902
    Politics.ie Member gijoe's Avatar
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    Quote Originally Posted by robut View Post
    Mike van Dulken on Twitter:



    Per Hansen on Twitter:






    I wonder could we have an imminent Woolworths type event? Debenhams just pull out of Ireland altogether in one go?
    If your debt is trading at a 60% discount then just going belly up is on the cards as you have no access to finance and the market is telling you you're a basket case.

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