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FCCN French Connection Group Plc

29.55
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
French Connection Group Plc LSE:FCCN London Ordinary Share GB0033764746 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 29.55 29.40 29.70 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

French Connection Share Discussion Threads

Showing 4801 to 4822 of 6175 messages
Chat Pages: Latest  199  198  197  196  195  194  193  192  191  190  189  188  Older
DateSubjectAuthorDiscuss
30/9/2015
23:27
I've backed up the truck, and am buying as many as I can afford, and dare, in the low 20p's.

H1 losses are always worse than full year. So it should make a £4-5m full year loss, based on the disappointing H1 figures, but more solid current trading outlook.

Bal Sheet is still absolutely bulletproof - not only plenty of cash, but also a very strong overall net current assets position, so at the current level of losses, there is no issue of solvency being threatened.

Over time, the loss-making shop leases will expire, and the highly profitable brand licensing & wholesale business will shine through.

I think the shares are an absolute gift at this level, if you crunch the numbers properly, and understand that the retail losses will gradually melt away.

Am expecting this to be a 5-10 bagger from this level, long term, based on the retail losses gradually disappearing. But it might take 5 years to get there.

DYOR as usual. Just my view.

Regards, Paul.

paulypilot
30/9/2015
12:09
I've taken a nibble now. I'll keep an eye on it and add if it does reach the teens.
mreasygoing
29/9/2015
08:01
There just seems to be indiscriminate selling throughout the market in general. Certainly a buy and hold market. Its easy to lose your pot otherwise with the whipsawing.

Let's see if the bottom falls out here.

mreasygoing
28/9/2015
15:40
gotcha mr... technical trading.
rndm355
28/9/2015
15:22
I want to see what the reaction at 20p will be, I'll happily buy at 37p if it establishes a new uptrend. I want to see a bottoming out before buying.
mreasygoing
28/9/2015
15:18
Marks should be using the spare cash in the company piggy bank to buy FCCN shares here IMHO.
rndm355
28/9/2015
15:13
You've called it right Mr Nibbler.

I'm significantly underwater from my 37p buy, think I'll just sit it out. If she's not worthless she's got to be worth at least half annual sales. Ok, I'll nibble some more if she goes to 50% of my entry.

rndm355
28/9/2015
15:07
Lol, "Mr Nibbler"

best wishes

rainmaker
28/9/2015
14:54
Not far off from me 'av'in a nibble'
mreasygoing
22/9/2015
07:26
rndm355 -- that's a good summary of where we are at. Best longer-term outcome I feel is if Marks takes option (a) and the new CEO does (b) and (c) alongside other dynamic changes. Marks turns 70 next year and there is no harm in writing to him via investors@frenchconnection.com and telling him his time is up. Well, that's what I've done.
tmfmayn
22/9/2015
01:14
As long as they don't go bust, i.e. if they breakeven before burning their cash pile and available bank facilities, then I am convinced by the argument which says that they must be worth one hell of a lot more than this. The brand has not been considered trendy for several years in the UK but is very well recognised (not just in the UK) and they can still generate decent revenues.

For me it's all about whether Mr Marks is willing to risk letting it explode and blow up his legacy and his net worth by letting it bleed heavy losses for several more years or whether he will move faster to make things turn around. For example he could (a) hire an energetic CEO and step back to non-exec Chairman (b) sell the Oxford lease and be far more active/opportunistic on the store closures (c) do better with the product teams to find their brand identity for the next few years (d) sell his stake or the entire company to a financial or trade buyer with a proper turnaround plan.

In the worst case scenario, it still looks like they aren't going bust for several more years so on balance I'm willing to give this a chance to get to breakeven. That won't be achieved this financial year and probably not next financial year. Maybe the year after that. Marks still owns 42% and he could be able to walk away with £50m+ if he gets this to breakeven in 2/3 years with a clear flight path back to decent profitability as the worst leases go away.

rndm355
21/9/2015
21:33
No the winter collection as Marks said has been positively received.
she-ra
21/9/2015
21:30
I'm speculating that you will buy your new Middle Eastern lodgers, clothes from French Connection to help the share price.
mreasygoing
21/9/2015
21:21
Not really.

I wonder if they will stop you from having access to the internet?

she-ra
21/9/2015
21:19
I'm speculating you will be selling at 20p.
mreasygoing
21/9/2015
21:11
You sound like a member of the '90p' club she-ra.

Now, let me be absolutely clear, Rainmaker and I are not the same person.

Oh, by the way, I'm pretty sure I know what is worse, a paranoid slanderer or someone who posts political comments which most people are thinking but are afraid to say because of the Loony Liberal thought police. Innit !

Can't wait for 20p.

mreasygoing
21/9/2015
21:08
tomboy - Stick to Cloudbuy and Blur Group mate. You seem a serious investor to me.

BHS and French Connection is like comparing apples with pears.

Oh and Philip Green has turned around Arcadia and its hasn't faltered.


French Connection isn't a home store..

she-ra
21/9/2015
21:05
They need to do something about their marketing campaigh - and perhaps their clothes line of stock - Everytime I go past their stores it almost seems empty -

Mind you Phillip Green turned around BHS - For a while

tomboyb
21/9/2015
21:01
I wonder if Lyndon Lea of Lion Capital is taking a look at French Connection at the moment. That private equity company is turning around the fortunes of AllSaints Spitalfields and French Connection could provide a great opportunity with such a strong brand.

Its the kind of company Lion Capital would go for.

she-ra
21/9/2015
20:49
Ben Sherman was making a similar loss but with 60-70% less revenues when it was taken over by Marquee brands recently. Just don't think it had a valuable lease adjacent to Selfridges on Oxford street unlike French Connection.
she-ra
21/9/2015
20:42
Broker Cantor Fitzgerald now expect a full year loss of £4.5 mln and doesn't expect the Company to break even until 2018. Numis are neutral.

regards

rainmaker
21/9/2015
20:38
Loss making Ben Sherman was recently acquired for about 90% of annual revenues.

French Connection is attractive with its licensing business, strong brand recognition and forward wholesale order book.

That is not to mention the £15 million in net cash and the Oxford Street lease that is worth £10 - 13 million

she-ra
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