Moss Bros Share Discussion Threads

[hew] 06/4/2016 13:43

Pleased with the first Results since I bought. A mention in the FT today, including that George Soros holds 9%. I expect that gets him a discount on at least one suit per year.

[salpara111] 05/4/2016 08:14

Very solid statement, they are clearly outperforming all the major high street chains.
Hire is such a profitable business so it is good to hear that it is continuing to improve.
I hope this means that the share price can finally move out of the trading range it has been trapped in for the better part of two years.
I am definitely holding mine for at least 120 which would not be unreasonable.
The current divi at 5.55% is rather tasty as well.

[cwa1] 05/4/2016 07:21

Fairly upbeat and about as good as could be expected?

[snadgey] 11/3/2016 18:39

Can we break the 110p? Mentioned in IC genuine value share screen.

[coolen] 22/2/2016 14:57

Sal, that looks like a single trade of 1.98m shares @ 98p which reported several times as they tried to fine-tune the settlement details.

[salpara111] 21/2/2016 22:10

Well, apparently 6% of the company was sold within the spread last week which is quite frankly unbelievable.
Getting a bit bored holding here but it is still decent quality and the yield is nice so still here.

[cwa1] 19/2/2016 12:18

You are not alone ;-)

[thorpematt] 19/2/2016 12:00

Everyone in the board room seems "delighted" at today's news... so that's nice for them. I suspect Nick Wheeler is less chuffed but certainly any read across on performance from CT to MOSB would be handy.

MOSB looks cheap at this point. The common stock that is - I am not making reference to the clothes let's be clear.

Triangulation on the chart here. Possible breakout one way or another.

Very quiet on the BB, anyone here? I am having a flashback to Robert DeNiro singing "I think we're alone now" in Cape Fear!

[smesny] 04/2/2016 14:09

massively undervalued

[salpara111] 25/1/2016 13:21

Yeah, I saw the IC article, nothing to argue about there but there is no interest in the business unfortunately despite the solidly rising profits and very healthy divi.
I maintain my stance that I will give it another 3 weeks and if there is no meaningful rise I will exit.

[cestnous] 22/1/2016 09:03

Simon Thompson in IC today; bullish article on MOSB with a target of 120p

[cestnous] 14/1/2016 10:28

Everything is down today Sal. MOSB is lucky to be where it is. A bad day for announcements all round.

[salpara111] 14/1/2016 09:16

Rather disappointing share price reaction to what was a very solid trading statement, I particularly like the fact that they have managed to increase margins by 2.5% when a lot of retailers have seen theirs decline.
I have held these for a while now and am at b/e.
The share price seems to have lost momentum despite the large profit uplift over the last year so I will give it a month and if it does not regain traction I will most likely exit.

[cestnous] 14/1/2016 08:57

Not bad in this climate. Sticking with it for now.

[cwa1] 14/1/2016 08:25

Solid trading update:-



ommenting on the outlook, Brian Brick, Chief Executive Officer, said:

"We are pleased with the progress of our promotional strategy, with fully coordinated and better targeted offers in our retail business. This has allowed more consistent full price trading, particularly through the Black Friday trading period, with gross margins showing a sustained improvement as a consequence. This is despite a challenging Autumn trading environment, with unseasonably warm weather conditions.

Hire has shown continued strong growth on the prior year, with notable success in eveningwear.

We continue to develop the business by leveraging the strength of our brands and our operational capabilities and are pleased to report improved sales, margins and profits compared to the prior year, all of which are supported by a strong balance sheet. This is enabling us to continue to invest in the business, and to maintain a progressive dividend policy.

Happy to see the emphasis on dividend progress.

[salpara111] 23/11/2015 17:26

Interesting, 2.6 Million shares traded today.

[salpara111] 05/11/2015 10:06

A little disappointed that it has not managed to break the 100p line but I guess it trades on news.
Happy to hold for the chunky divi at present.

[cestnous] 05/11/2015 08:10

"Shares" today
Moss Bros’ gathering momentum
Leading men’s suit specialist has forecast earnings upgrades up its sleeve
Leading men’s suit specialist Moss Bros (MOSB) should be in line for upgrades, driven by the positive impact of new ranges and store refurbishments combined with growing consumer confidence.
The suit specialist retailer, offering sale, hire and bespoke suit services, continues to take market share, as demonstrated by the near-10% like-for-like sales growth reported in both the retail and hire businesses at the interim stage (29 Sep). Current trading is strong, margins are improving and the hire business has returned to growth after two years of decline.
Small Cap - MOSB - Oct 15
Under CEO Brian Brick, Moss Bros’ balance sheet has been transformed and the business returned to profitable growth. Besides a re-launch of the own brand offering in 2014, making the Moss brand more relevant to younger customers, Moss has improved its product ranges, become less promotional and accelerated the roll-out of its store refurbishment programme.
The London headquartered retailer is now stretching for a next leg of growth, looking to leverage competitive advantages around service and an improving product range. Key priorities are to further develop and grow the brand and reach full ‘omnichannel’ capability. Significantly, Moss is also planning to roll out its bespoke concept, re-branded as ‘Tailor Me’, to all stores in the New Year with the aim of making the service more mainstream.
Online represents a huge opportunity for Moss, whose e-commerce revenues have grown from next to nothing four years ago to 10% of group revenue. A quintessentially English brand, Moss also has potential to develop a significant overseas franchise business; a two store pilot in the Middle East is underway, with a first store in Dubai due to open before Christmas.
Peel Hunt, a buyer with a 140p price target, says its forecasts are conservatively pitched. For the year to next January, the broker forecasts 24% growth in pre-tax profit to £5.7 million for improved earnings of 4.4p (2015: 3.6p) and a 5.4p dividend, ahead of £6.7 million PBT, 5.2p of earnings and a 5.6p payout by 2017. On current year estimates, a forward prospective price-to-earnings ratio of 22.5 looks demanding, though earnings upgrades should sustain the rating. Flush with £19 million of cash, Moss Bros’ 5.5% dividend yield gives helps underpin the stock.

At 99p, Moss Bros is worth pocketing ahead of earnings upgrades as well as for an attractive dividend yield.
SWOT ANALYSIS:

STRENGTHS
• Number one men’s suit specialist
• Quintessentially English brand
• Net cash balance sheet
WEAKNESSES
• Seasonality of higher margin hire
• Fairly demanding rating
• FX risk from increased direct sourcing
OPPORTUNITIES
• Leapfrog rivals in omnichannel
• Develop overseas franchise business
• Growth in school proms hire market
THREATS
• Rivals Next and M&S raise game
• Rise in interest rates
• Pressure on prime rents
BROKER CONSENSUS
Buy
3
Consensus Value
Sell 0
Hold 0
Buy 3
Not Available 0
'

[salpara111] 15/10/2015 13:56

Still a number of very large trades going through, apparently on the buy side but not doing anything for the sp!
Happy to hold and review at the end of the year.

[cwa1] 08/10/2015 09:32

Thanks for that cestnous, interesting.

[cestnous] 08/10/2015 09:22

From "Shares" today;

Mumford muses: ‘Moss Bros is the third largest
seller of menswear behind Marks & Spencer
(MKS) and Next (NXT) , it is making a lot of
benefit from the hire business and also the
internet business is growing really quite strongly’.
Given a market cap of £95 million, bumper
dividend yield and £19 million of underlying
cash, Mumford insists Moss Bros is ‘an incredibly
overlooked situation, as is Laura Ashley, which is
benefiting from the housing boom.’
‘Both have got names that people know and
these sorts of companies can be prone to people
having a pop at them,’ says the equities guru,
referring to scope for a bid

[coolen] 07/10/2015 23:31

Sal. Good spot. Agreed a little odd.

3 possibilities:

a. One fund in a group selling to a related fund and cutting out the jobber;
b. Off-market transactions between known but unrelated buyer and seller;
c. Jobbing side of a market-maker selling across to its retail side, although you would expect a few fractions to display as each department claims a departmental profit.

Each trade was marked at around 10 a.m, so clearly agreed in advance.

Watch for a TR1.

[salpara111] 07/10/2015 12:23

All rather odd....over 4M shares changing hands already today all at the mid price.

[cwa1] 07/10/2015 12:02

Some hefty looking volume going through today too.