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Tony Shiret
  • Tony Shiret

Debenhams (DEB LN, HOLD, T/P 36p) - Christmas Trading | Whoops - Profi...

Following the pre-announcement of its Christmas trading we have cut our DEB PBT estimates for 2017/18E, 2018/19E and 2019/20E by 33%, 28% and 28% respectively. We have also cut our DPS estimates for these years by 35%, 25% and 22%.to achieve 2x cover in 2018/19E.

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