Debenhams (DEB)

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Debenhams DEB Logo

The international department store destination.

26-Oct-2017 – 46p – £577.1m

Preliminary Results For The Year Ended 2nd September 2017 – Revenue down 2% but underlying PBT of £95.2m is in-line with expectations.

The Dividend (7%) is attractive here but the forecasts and Net Debt (£216.9m) at 40% of Market Cap are not so. I just have no idea where Debenhams will be in 5 (or even 2) years time – Will it be bust or soaring high once again? Or, still struggling along? Sodifficult to tell and there’s no need to make things difficult eh!

19-Apr-2018 – 23.32p – £276.3m – PER 6.07

Interim Results For The 26 Weeks To 3 March 2018 – LFL Revenue down 2.2% (CC) and most other stuff down 50% or so, including the Dividend.

I said this last time and I still have the same feeling – I just have no idea where Debenhams will be in 5 (or even 2) years time – Will it be bust or soaring high once again? Or, still struggling along? I favour the struggling along or bust options – I am Avoiding for now.

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