John Lewis Of Hungerford Share Discussion Threads

[davidosh] 09/11/2008 11:48

When are the next results due ? The last ones were slipped out mid afternoon in May sometime from memory.

[cockneyrebel] 09/11/2008 11:46

still holding in my wife's pension but I have to say they have been a let down. Seemed to be doing ok and the signing of Rosby as CEO looked like a killer move but credit crunch timing has ben a killer for them. Worthington going was a good move - a leach imo.

I'm waiting to see what they have to say for themselves - they sneaked the last results out late in the day.

Old man John Lewis has stepped down but he still holds 49% so must have a major say - he's a good kitchen maker but no businessman imo.

Personally I would have sold had they been more liquid but they just aren't and I'm pretty much stuck with them. I'll hold on tho - I either write off the little they are now worth or they recover and I make a packet - wouldn't recommend anyone bought till after the next results tho - things must be tough.

CR

[barn owl] 19/9/2008 13:09

Is this a kitchen sink job or worth a small long-term punt i wonder!

[cockneyrebel] 18/8/2008 17:32

A kitchen with no draws ah?

CR

[cambium] 18/8/2008 16:23

new brochure out

[dumbarton2] 16/8/2008 10:22

More bad news 2 high profile directors dumped.

[cockneyrebel] 15/8/2008 15:52

John Lewis out as Chairman, worthington gone too - sounds like good news.

Do you know anymore Lord C ?

CR

[dumbarton2] 08/8/2008 16:12

\\\another cr ramp gone wrong.

[waxman3] 30/6/2008 23:24

- John Lewis Of Hungerford Plc. said its
first-half pretax loss widened, hit by increased cost of sales, but revenues
were up 12 percent for the same period.
For six-months ended Feb. 29, the home furnishings company's pretax loss
widened to 253,000 pounds against 66,000 last year, and the cost of sales
increased to about 1.07 million pounds from 719,000.
The company said its first-half sales grew 12 percent to about 2.13 million
pounds, due to a successful winter sale in the second quarter that offset weaker
sales in the first quarter of the current financial year.
However, lower margins associated with a higher proportion of promotional
sales, together with an increase in the proportion of sales of bought-in items,
has resulted in an increased loss against the same prior year period, the
company added.
John Lewis said the continuing weakness in the UK housing market and a
deteriorating general economic outlook has resulted in a highly challenging
trading environment.

[carolineanne] 23/6/2008 18:30

I couldn't agree more

[jamesroad] 19/6/2008 10:34

Honeymoon over, time to see how good the "old pro" really is!!

[dumbarton2] 06/6/2008 15:22

John Lewis bellweather retailer has added more woes sales dropping for 4 weeks on a trot.

[davidosh] 02/6/2008 09:03

Did anyone go to the AGM to get a feel for these guys ?

[lord c.] 02/6/2008 08:25

Totally agree with you CR about timing of announcementof very poor results and how typical of a board who two finger the shareholders whenever the opportunity arises.
Worthington gets very well paid to be JLH finance director, he lives in Europe where he has a full time job as well as being non executive chair of a third plc.
At least we have the pleasure of seeing that he has had his fingers burnt. The recent placing with directors snaffling up millions of shares at under market price has come back to bite them on the backside. Couldn't happen to a nicer set of people.
The real fault of course lies with John Lewis who has allowed himself to be marginalised/manipulated by others.
The best chance they have is for the two new stores to perform well in an ever increasingly hostile environment - a tall order even for an old pro like Jon Rosby. However he has been exceedingly well rewarded with a huge gift of free shares so he needs to pull his finger out. If the board had had any sense they would have paid him on results - instead they have paid in advance - always a dangerous strategy.

[cockneyrebel] 01/6/2008 23:18

Hmm, dunno. Didn't realise the results were out until I noticed it late Friday as they had sneaked them out late the previous Friday while my Proquote was down.

Looks like they have been hit by higher costs and can't pass it on. Sales up 12% - I had an suggestion they were up at least 10% which sounded good on the basis of the previous results and the and what they had said together with the options they have had.

Obviously someone in the know had been selling chunks ahead of the results.

Disappointing but I guess they have felt the tightening in retail like everyone else.

Not best pleased that they decided to sneak the results out tho - very Richard Worthington. If you have poor results at least own up to it in the open imo.

Need to do some phone-calling next week to see if I can find out why things turned down recently - they were rather bullish to the FT at the interims.

CR

[bigbigdave] 01/6/2008 21:12

Tumbleweed then.................


shhhhhhhhhhhhhh

[cockneyrebel] 06/5/2008 14:37

results due any day I think. Worth reading Smallbone, Galiform and Omega Internation to see how kitchens are doing imo. We are not moing, we are home improving imo.

CR

[cockneyrebel] 06/5/2008 14:31

We seem to be moving up ahead of the results. I notice we have 4 mm's now too.

CR

[cockneyrebel] 19/4/2008 17:45

Shares on a one year low.

Results in 10 days time.

Smallbone Kitchens recently:

We have entered the year with a record order book, up 14% on the previous year to 32 million. Strong order intake in January and February indicates that, to date, demand shows no sign of slowing and, as we expand our showroom network, we believe we can build further growth by continuing to capture market share."

Galliform and Omega International have also posted strong results and outlooks.

JLH - most recent comment in the results said:

"The Future

The Board and executive management believe that with the changes already initiated, there is every prospect of further significant improvement in the financial performance of the Company.

Recently the directors were given big options. They have also opened two new stores and said they have the capacity to increase production by 50%. That all sounds upbeat to me.

We'll soon see.



CR

[dumbarton2] 28/3/2008 16:39

Going the right way down.

[cockneyrebel] 17/3/2008 10:49

Looks like City Equites picked up 5% in the placing and are the ones that have been selling them off to clients for a nice profit. Must have had to give the buyers a nice story in order to shift stock in an illiquid company like this in this climate. JLH have brought results forward this year so we'll find out sooner.

CR