MARKET TALK: Debenhams Refinancing Good News -Arden

19th Jul 2010 08:11

0711 GMT [Dow Jones] Debenhams' (DEB.LN) renegotiation of its banking facility is good news as it will bring down the company's interest charge significantly next year, with the average interest cost on debt to fall to 4.5% from about 7%, says Arden Partners. Arden says this should lead to a bounce in the stock and so maintains an add recommendation. It notes highly-geared Pendragon (PGG.LN), rated at buy, will be hoping to do the same as Debenhams next spring and will renegotiate with its banks over its debt facility to cut punitive interest charges. Debenhams shares -0.4% at 58p.([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 19, 2010 03:11 ET (07:11 GMT)

Top Risers

Share	Price	Change
4global (4GBL)	22.50	104.55%
Synergia Energy (SYN)	0.0285	50%
Mkango Resources (MKA)	31.00	34.78%
Conroy Gld&nres (CGNR)	4.50	20%
Versarien (VRS)	0.015	15.38%

Top Fallers

Share	Price	Change
Nativo Resources (NTVO)	0.285	-14.67%
Oxford Biodyn (OBD)	0.255	-13.33%
Trafalgar Prop (TRAF)	0.0325	-13.33%
Thruvision Grp (THRU)	1.225	-12.5%
Eco Buildings (ECOB)	3.90	-11.36%

Top By Volume

Share	Price	Volume
Synergia Energy (SYN)	0.0285	3,547,677,657
Mirriad Advertising (MIRI)	0.0105	2,253,473,253
Premier African Minerals (PREM)	0.01205	1,286,415,165
Mosman Oil & Gas (MSMN)	0.0265	574,052,642
Caledonian Hold (CHP)	0.004	554,504,900

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.