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.
25-Oct-2018 – 8.5p – £104.6m – PER 3.4
Preliminary Results For The 52 Weeks To 1st September 2018 – Confirms previous figures (from 10th September). Transformation strategy in progress.
Remains on my Avoid list, it’s a coin flip at best (in my opinion) whether this will work out or not.
10-Jan-2019 – 5.65p – £69.3m – PER 7.67
Trading Update – Based on the last 6 and 18 weeks, on track to deliver FY profits in-line with expectations.
Remains on my Avoid list.