Conviviality Share Discussion Threads

[blue dealer] 20/1/2015 23:48

Thanks for that jgoold,

If you don't mind, I will copy it on to the LSE CVR BB page.

Best regards,

Blue

[jgoold] 20/1/2015 11:24

Write up in the IC:

The price war engulfing the big four supermarkets has so far had little impact on Bargain Booze-owner Conviviality Retail (CVR), which reported like-for-like sales growth of 1.2 per cent over the crucial Christmas trading period. The Aim-traded company's customers, who shop little and often, "know we are 10 per cent cheaper than the multiple deals on offer at the supermarkets", says chief executive Diana Hunter.

An agreement giving franchisees a stake in the company's equity is helping re-energise sales, with 1.1 per cent more stock sold to each member during the first half. That helped offset sales lost to the closure of underperforming stores, keeping revenues flat overall. Franchisees are now on a more financially sustainable footing, too, with 87 per cent less debt written off than in the previous year.

The equity incentive plan is expensive, though. Associated costs of £0.4m contributed to a 28 per cent increase in underlying operating expenses. That knocked operating profit back by 2 per cent, despite higher gross profits.

After a period of consolidation, the company, which also owns the Wine Rack and Thorougoods businesses across 599 sites in England and Wales, is back in expansion mode. It is due to enter the Scottish market by piloting six stores in a franchise agreement with Scotmid, the country's largest retail co-operative.

House broker Zeus Capital expects adjusted pre-tax profit of £9.7m this year, giving EPS of 11.4p (from 10.8p in 2014).

CONVIVIALITY RETAIL (CVR)
ORD PRICE: 130p MARKET VALUE: £87m
TOUCH: 128-132p 12-MONTH HIGH: 195p LOW: 127p
DIVIDEND YIELD: 6.2% PE RATIO: 12
NET ASSET VALUE: 72p* NET CASH: £4.2m
Half-year to 26 Oct Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p)
2013 184 -1.1 -1.9 2.0
2014 183 2.7 3.2 2.0
% change -0 +47 - -
*Includes intangible assets of £37.8m, or 56p a share

IC VIEW:
In a highly competitive sector, management has done well to reshape Conviviality's store portfolio for growth. Having fallen 30 per cent over the past year, the shares bounced 3 per cent on these numbers. Trading on a modest 11 times expected earnings, they could have bottomed out. Buy.

[blue dealer] 19/1/2015 01:56

Hi JL,

That's a very useful weekly thread, thanks 'much appreciated.

Best regards,

Blue

[j l] 18/1/2015 19:42

Conviviality Retail reports tomorrow. I have created a Weekly Thread to watch charts of companies reporting on any given day.

Mainly for my own use but hope others will find it useful too.

[largeronald] 15/1/2015 09:29

Not long.

Normal service has been resumed.

[largeronald] 13/1/2015 15:22

Clucking bell!

Down ISN'T the only direction this share moves in. Wonder how long this little aberration lasts.

[mrmark01] 07/1/2015 20:59

i have been into a few BB stores over the xmas break, trying to prop up the the Share price lol and I can't say that the prices on offer where any better than the big super market promotions.

[mrmark01] 07/1/2015 20:57

and the less than impressive update from majestic today

[mrmark01] 10/12/2014 21:45

rolo7 - also expansion into the south of england and JV in scotland.

[rolo7] 10/12/2014 15:25

added a few here today, lots of exceptional costs last year ipo 3million, finance costs 1million£ hopefully should add a nice profit+dividend yield interesting too as on paper there should not be 1st half lost in january results.

[mrmark01] 12/11/2014 19:34

Scotmid Pilot - hxxp://www.thegrocer.co.uk/channels/conviviality-teams-up-with-scotmid-for-scottish-franchise/373484.article

[lozler] 20/10/2014 11:58

Received my dividend. If the market tanks, I would plough more money into these guys, 5% yield on a growing company is good to me.

[blackmarketunit] 13/10/2014 08:45

Conviviality Retail - Bargain valuation, strong fundemantals says Panmure Gordon - CVR News
- Today, 8:42 AM
Panmure Gordon Analyst Karl Burns talks Conviviality Retail PLC (LON: CVR): " With concerns over global growth impacting stock prices, Conviviality Retail - CVR

[lozler] 20/9/2014 03:19

Thanks MrMark, so I was right the first time round lol. Might have to increase my holding here just for the dividends.

[mrmark01] 19/9/2014 14:47

Financial year end Type Amount Ex-dividend date Payment date
27/04/2014 Total 8.00p
Final 6.00p * 17/09/2014 17/10/2014
Interim 2.00p 29/01/2014 28/02/2014

[lozler] 19/9/2014 10:45

Right okay ex date must have been a couple of days ago where it opened 4p or so lower.

[lozler] 17/9/2014 20:29

Sorry think I'm wrong, it's the 19th of September?

[rolo7] 17/9/2014 12:54

but price did not open lower though.

[gswredland] 17/9/2014 12:46

Ah thanksLoz

[lozler] 17/9/2014 12:07

Ex date today by the way

[rolo7] 08/9/2014 11:21

Nice move up today big 22k buy ex divi next week

[battlebus2] 01/9/2014 21:30

Thanks Hastings..

[hastings] 01/9/2014 21:18

hxxp://www.cambridge-news.co.uk/High-Yield-worth-toasting/story-22859685-detail/story.html

[largeronald] 08/8/2014 09:54

It must only be shareholders they're ignoring then.