Moss Bros Share Discussion Threads

[bluebelle] 14/1/2013 08:18

For Immediate Release 14 January 2013
MOSS BROS GROUP PLC
Trading Update
Group to exceed market expectations
Moss Bros Group PLC ("the Group"), theUK's No.1 men's formalwearspecialist, today issues the following trading update for the 24 week period from 29 July 2012 to 12 January 2013.
The Group traded well over the Christmas period and as a consequence, the Group expects to exceed market expectations for the 2012/13 financial year.
Highlights:
-- Like for like sales for the 24 weeks to 12 January 2013 were up 2.7% on the same period last year.
-- Like for like cash gross profit for the 24 weeks to 12 January 2013 was 9.5% ahead of last year.
-- Careful management of the level of discounting over Christmas and continued tight cost control have meant that profit expectations for the 2012/13 financial year will exceed market expectations. Stock levels at the year end are expected to be in line with management estimates.
Commenting on the outlook, Brian Brick, Chief Executive Officer, said:
"We are encouraged by trading throughout the business over the key Christmas trading period Close control over discounting to clear stocks, coupled with continued strong cost management, means we will finish 2012/13 ahead of expectations.
We remain conscious of the fragile trading environment but continue to rigorously implement our strategic plan to turnaround and grow the business"
The Group will announce its Preliminary Results on 22 March 2013.
For further information please contact:
Moss Bros Group Plc: 0207 447 7251 Brian Brick, Chief Executive Officer
Robin Piggott, Group Finance Director

[nickjoseph] 17/12/2012 11:20

Looking good today. Good write up after results in evening standard. Plenty of buyers around. Thanks for copy of broker comment 2breakout

[2breakout] 17/12/2012 10:09

Buy

Moss Bros

Snap up shares in suit hire specialist Moss Bros, Peel Hunt's analysts insist. Moss Bros said trading in the second half was within forecasts and its gross margins are recovering. It reported strong demand for the hire of posh suits and its shares closed at 59.25p yesterday. It was its self-help plan of "product development, store refurbishment programme and online expansion" that encouraged Peel Hunt to raise their share price target to 74p.

[arja] 15/12/2012 18:32

interesting ! I always suspected these CFD companies were in the ripoff business and IG markets are aware of their almost momnopoly position in offering DMA .sad that so little competition ! nice looking chart for MOSB !

[bluebelle] 03/12/2012 14:46

Not mine !

(Usually a bullish sign when IG lets you close positions via the trading paltform, but not open new ones without going through their dealers !)

[frenchfry] 03/12/2012 10:46

Any takers Moss Bros? Onwards and upwards.here's one that appears to have well and truly slipped under the radar.

[2breakout] 01/11/2012 13:44

This board is quiet considering we are at a 5 year high and the longer term chart suggests much more to come. Found this from 3 days ago may explain the strength this week.

Chillingworth: Why I'm more optimistic about the UK


The Rathbones manager has begun to raise his exposure to domestically focused firms after noticing an improvement in consumer sentiment

The UK is finally on the road to recovery, according to Rathbones' chief investment officer (CIO) Julian Chillingworth.

Chillingworth (pictured), who heads up the Rathbone Recovery and Rathbone Blue Chip Income & Growth funds, accepts that there will be twists and turns in the market over the coming months but believes sentiment towards the UK is at its highest for some time.

"I think we can see some sort of increased growth in the UK, especially if there are no more major problems in Europe," he said.

"Recently, the general trend in UK funds, including mine, has been to look for companies that have exposure from outside the UK, but the domestic sector is now looking a bit more interesting."

"Consumers are feeling a bit happier and have more income at their disposal, and workers – particularly in the private sector – are more confident that they are going to stay in their job."

Chillingworth says it is still too early to significantly increase exposure to the UK, even though he has already added a couple of domestic plays.

"I think it's a bit too early to say whether or not we will see more attention on the UK consumer," he continued. "I think we will have a clearer picture early next year."

"I have recently added a new holding to the Recovery fund though – Moss Bros."

"It was a tired business but new management has come in and turned things around. Beforehand, the stores were a mess but they have upgraded the staff and closed 35 stores already because they were either in the wrong place or were too small." The business is also expanding its range to capitalise on new trends, in areas where it can charge a premium. It now rents suits and dresses for events like school proms, which it can charge extra for. They also have a Ted Baker range, which again is a good moneymaker," he added.

[waldof] 21/9/2012 14:30

buy out perhaps?

[ahbm] 08/7/2012 21:32

Praipus
Very good, he is quite a character.

[ahbm] 08/7/2012 21:32

miked
Thank you.

[praipus] 19/6/2012 14:55

George Soros buying!!!!



Tracking the rest of his holdings on the HFT thread.

[blondeamon] 19/4/2012 21:06

Juat bought some of their stuff today and talked to one of their employees for 20 minutes. The staff are really optimistic and said company is really thriving.

I might add some more if uptrend continues in May.

[miked500] 19/4/2012 17:00

Balanced view of the Regent street refit

[muffster] 12/4/2012 23:16

Windas, thanks understand it perfectly now. Looks compelling, bought some items there today and very impressed.

[blondeamon] 11/4/2012 15:36

Just walk in any MOSB bros and you'll see why it has value.

[windass] 11/4/2012 14:39

Moss Bros is the ShareCrazy video tip of the month

[muffster] 10/4/2012 11:51

Beacuase I am inerested in retail stocks, but just don't understand this valuation curently of £47m.I must be missing somethingas there are good write up's.

I understand FCCN much better and like it, also Debemhams.

Can you shd any light on why to invest?

[miked500] 10/4/2012 10:55

so why do you want to invest?

[muffster] 10/4/2012 10:45

Hi, am interested in these. Can anyone explain why now is a good time to invest as the cmpany is hardly making any money and is valed at £47m?

Even if you look o er 5 years profitability, the PBIT is in the £3m range, so why all the excitement.

Thanks

[blondeamon] 28/3/2012 23:24

Anxious for tomorrow!!

[blondeamon] 23/3/2012 22:36

Clever marketing!

[miked500] 23/3/2012 11:04

store refurbishment continues, see it is being unveiled same day as the results

[blondeamon] 02/3/2012 15:05

Quite flat these past 2 days....

[cockneyrebel] 27/2/2012 14:37

Relentless buying here again today - must be a helluva story in the IC imo.

CR

[hectorp] 24/2/2012 13:06

Darn pity this, IC tip got me genuinely interested but rapid rise this week already. Not very much more upside for now, so will try to buy on a dip next week or so.
H