Shares digital

Debenhams (DEB) 69.75p

Rob Templeman, chief executive of Debenhams, believes the department store group’s debt level will be lower than it was expecting. (Read the full story: www.sharesmagazine.com/node/3656)

Shares says: It has little in the way of property assets, having been through the venture capital mangle but I doubt the debt mountain will sink it. Shares have fallen so far it’s too late to sell.

The Times says: Mr Templeman has denied repeatedly there have been crisis talks with the banks and insisted yesterday the group’s debt would end the financial year below £1 billion.

Telegraph says: City analysts remain concerned about the extent of Debenhams’ borrowings, which amount to almost £1 billion.

The City says: We mistrust earnings based on indications of value in such an operationally and financially geared company. The high leverage generates additional financial risks and we therefore stay with a reduce stance on the shares.