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SCS Scs Group Plc

270.00
0.00 (0.00%)
19 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Scs Group Plc LSE:SCS London Ordinary Share GB00BRF0TJ56 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 270.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 270.00 GBX

Scs (SCS) Latest News

Scs (SCS) Discussions and Chat

Scs Forums and Chat

Date Time Title Posts
13/2/202417:36SCS Group PLC-2017 Thread With Charts, Etc.948
09/11/201916:02ScS Group PLC247
28/6/201714:01*** SCS ***-
23/8/200921:41Scotlands Shame2

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Scs (SCS) Top Chat Posts

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Posted at 13/2/2024 12:20 by jaknife
Mackie,

"Anyone seen any cash yet?"

I was paid out by IG in my ISA on 30th Jan, which was a surprise. And today Interactive Investor have credited my vanilla share account.

And generally speaking, today is the day that I was expecting cash, as this was the date referred to in the "scheme effective" RNS:



JakNife
Posted at 03/1/2024 14:07 by fredfishcake
I'm assuming it's passed - details as posted in my Charles Stanley account are as follows:

Subject to the scheme becoming effective on 30 January 2024, the company has announced a recommended cash offer by Cerezzola Limited. This is to be effected via a scheme of arrangement on the following basis:

For each ordinary share in the SCS Group shareholders will receive a cash payment of GBP2.70

SCS Group shares will be suspended from trading on AIM with effect from 7:30am on 30 January 2024. They will then subsequently be cancelled from listing on the 31 January.

The cash will be issued on or shortly after the 13 February after which point your
account will be updated accordingly.
Posted at 16/11/2023 14:55 by davidosh
It was also announced on 24 October 2023 that it was expected that a scheme document, containing further information about the Acquisition and notices of a court meeting and general meeting ("Meetings"), together with the associated forms of proxy ("Scheme Document"), would be posted to ScS shareholders as soon as practicable and in any event within 28 days of 24 October 2023 .

Due to a lack of availability of the court, it has not been possible to schedule a court hearing meeting in sufficient time in order to post the Scheme Document to ScS shareholders within 28 days of 24 October 2023.

Accordingly, the directors of ScS have therefore sought an extension to the deadline for posting the Scheme Document from the Panel. The Panel has granted such an extension to 17:00 on 29 November 2023.
Posted at 26/10/2023 17:03 by patsyluck
Thorpematt,

As most know UK market teeming with low p/e opportunities mostly in the AIM space.
Re Severfield yes headline figures are not demanding but if you look over say last near 20 years share price chart shows a negative 4.8% growth over that period which would suggest they are not really in a wealth creating business...my knowledge of SFR is limited but what gives here?
Posted at 24/10/2023 11:32 by thorpematt
Why not 280p?

A. Because
a)you have to wait for the divi
and
b)you have to wait for the bid to transact to get your cash

So, arbitrage

In esssence if you are impatient you will sell at less than 280p and also if you have pre determined sell orders on the books (a dangerous game for value stocks) then you get taken out.

FWIW I tend to sell prior to waiting for the brokers to pay out BUT importantly I wait for the price to drift up toward the full bid AND in case there is an alternative bid.


I have lots of value stocks of similar elk to SCS...which I'd love to shared and discuss with you all in the next few days...but I might wait until I have finished buying first :-)
Posted at 24/10/2023 09:14 by farrugia
I wouldn't sell. I can't understand why the stock price is not even 280p given that SCS has confirmed the payout of the 10p dividend as well? Besides the bigger shareholders might push for a better price and other predators could enter the fray.
Posted at 24/10/2023 08:17 by farrugia
why is the stock price not even 280p given that SCS has confirmed the payout of the 10p dividend as well?

'More evidence that small/mid caps are far too cheap and I have a good list of companies with minimal debt or net cash on low ratings but high yielding so that you can afford to sit and wait.'

The major shareholders should ask them to upp their offer.

'PoltronesofĂ  S.p.A is a private company that is not publicly listed. It is a family-owned business that was founded in 1995 by the brothers Gianluigi and Vittorio Colombohxxps://www.habitante.it/aziende/poltronesofa-catalogo-2023-novita-prezzi-e-offerte/. The company is headquartered in Forlì, Italy, and operates as a manufacturer and retailer of sofas and armchairs. The company has more than 300 stores in Italy, France, Belgium, Switzerland, Cyprus, and Malta. In October 2023, the company announced its intention to acquire ScS Group PLC, a British furniture and floorings retailer, for £99.4 million
hxxps://www.retailgazette.co.uk/blog/2023/10/scs-bought-poltronesofa/
hxxps://www.proactiveinvestors.com/companies/news/1030724/scs-agrees-99-4m-bid-approach-from-italy-s-poltronesofa-1030724.html
hxxps://www.bigfurnituregroup.com/scs-agreres-to-cash-offer-from-italian-furniture-firm/.

'More evidence that small/mid caps are far too cheap and I have a good list of companies with minimal debt or net cash on low ratings but high yielding so that you can afford to sit and wait.'

which ones if you don't mind sharing?
Posted at 11/10/2023 19:26 by davidosh
From Paul Scott in his SCVR update a couple of days ago....

SCS (LON:SCS)
167p (pre market) £56m - Audit delay - Paul (I hold) - GREEN

Says today that its FY 7/2023 results will be delayed from 10 Oct to 25 Oct.

It doesn’t give a satisfactory reason for the delay, but does reassure that the numbers will be in line with the FY TU (full year trading update), and that the board has “no concerns whatsoever”.

Paul’s view - audit delays seem commonplace at the moment, probably an overhang from the effect of lockdowns, with not enough trainees going through the system, I’m guessing.

Since ScS has specifically stated that the results are in line with expectations, then I’ll stick with my GREEN view, explained here on 3 August, with an in line TU, reassuring on order intake, and a cash pile larger than the market cap (which continuously rotates, it’s not a seasonal spike). I concluded it looked remarkably cheap, and has remained so! At least ScS shareholders can relax, knowing that they can ride out any downturn in demand, if one arises. Unlike DFS, with its crazily geared balance sheet (but much better brand and market share). [no section below]

Is the chart forming a base I wonder? Note the consistently high StockRank - 97
Posted at 10/1/2023 12:36 by brucie5
Interesting: so why am I so nervous?
--------------------------------------

10 January 2023


For Immediate Release 10 January 2023

ScS Group plc

("ScS", or the "Group")

Acquisition of Snugsofa.com

ScS, one of the UK's largest retailers of upholstered furniture and floorings, is pleased to announce that it has acquired the brand, domain names, website, intellectual property and stock of Snugsofa.com ("Snug") from the administrators of Snug Shack Limited for consideration of GBP875,000. Snug is an innovative digital-first sofa and sofa-bed business specialising in modular and re-configurable sofas.

Snug was founded by Robert and Peter Bridgman in 2018 as Europe's first sofa-in-a-box concept, and has grown to become one of the largest retailers in this segment of the furniture market. Snug's ethos is to offer a carefully curated choice of products in a range of colours and configurations, with quick delivery and excellent quality and customer service. Although predominantly online, Snug also operates from one store in Leeds. We expect there to be an opportunity to add Snug concessions to the Group's stores, providing the brand with significantly improved national visibility and penetration.

The Board believes the acquisition of Snug represents further progression in ScS's strategy. Snug's strong brand and differentiated digital-first offering will complement ScS's existing proposition, further diversifying its customer base and increasing market share. Snug's innovative approach to social engagement and digital marketing will be an asset to the wider ScS business while Snug will benefit from the Group's expertise, supplier relationships and scale.

Snug has 53 colleagues who have been a significant part of its success, and that team will join the Group as part of the acquisition.

For the 12 months to 31 December 2022, Snug expects revenues of cGBP20m. Going forward under ScS's ownership we aim to further grow the business. Snug will report in line with the Group's financial year, apply the Group's accounting policies and is expected to be earnings accretive in FY24.

Steve Carson, Chief Executive Officer of ScS, commented:

"Snug is an exciting and young business with great potential. It has a strong and recognisable brand, a differentiated product and targets a market that complements our proposition. In that regard, it presents us with an exciting opportunity to further increase market share. We therefore, view it as a great strategic and cultural fit which reinforces our commitment to helping our customers create the home they love. We look forward to welcoming our new colleagues into the ScS family."
Posted at 10/1/2023 12:35 by cwa1
Indeed



Acquisition of Snugsofa.com

ScS, one of the UK's largest retailers of upholstered furniture and floorings, is pleased to announce that it has acquired the brand, domain names, website, intellectual property and stock of Snugsofa.com ("Snug") from the administrators of Snug Shack Limited for consideration of GBP875,000. Snug is an innovative digital-first sofa and sofa-bed business specialising in modular and re-configurable sofas.

Snug was founded by Robert and Peter Bridgman in 2018 as Europe's first sofa-in-a-box concept, and has grown to become one of the largest retailers in this segment of the furniture market. Snug's ethos is to offer a carefully curated choice of products in a range of colours and configurations, with quick delivery and excellent quality and customer service. Although predominantly online, Snug also operates from one store in Leeds. We expect there to be an opportunity to add Snug concessions to the Group's stores, providing the brand with significantly improved national visibility and penetration.

The Board believes the acquisition of Snug represents further progression in ScS's strategy. Snug's strong brand and differentiated digital-first offering will complement ScS's existing proposition, further diversifying its customer base and increasing market share. Snug's innovative approach to social engagement and digital marketing will be an asset to the wider ScS business while Snug will benefit from the Group's expertise, supplier relationships and scale.

Snug has 53 colleagues who have been a significant part of its success, and that team will join the Group as part of the acquisition.

For the 12 months to 31 December 2022, Snug expects revenues of cGBP20m. Going forward under ScS's ownership we aim to further grow the business. Snug will report in line with the Group's financial year, apply the Group's accounting policies and is expected to be earnings accretive in FY24.

Steve Carson, Chief Executive Officer of ScS, commented:

"Snug is an exciting and young business with great potential. It has a strong and recognisable brand, a differentiated product and targets a market that complements our proposition. In that regard, it presents us with an exciting opportunity to further increase market share. We therefore, view it as a great strategic and cultural fit which reinforces our commitment to helping our customers create the home they love. We look forward to welcoming our new colleagues into the ScS family."
Scs share price data is direct from the London Stock Exchange

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