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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Scs Upholstery | SUY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 6.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.50 | 6.50 |
| Top Posts |
|---|
Posted at 19/6/2008 00:08 by csmwssk1 CSMWSSK1 - 14 Jan'08 - 09:46 - 250 of 512 edit20% drop in lfl cannot be accomadated by any business what alot of tosh, what do you do ask the landlords to take a 20% cut in rent and the council a 20% cut in business rates, they are fixed costs and are the biggest costs to any retailer, more than wages. kiwihope - 14 Jan'08 - 10:10 - 251 of 512 ... let's just wait and see shall we ... ydderF - 27 Mar'08 - 04:33 - 302 of 512 kiwihope/Arthur L - but inventories have increased by 3.8m, and they have said that the exceptional spend on advertising was all in the first half with benefits in the second (we are already 1/3 into the second half and the statement says confident of profitability in second half). Against this background, if inventories hadn't risen it would be worrying. csmwsski - it is certain the SCS can't go bust by the 31st March, but they may go bust in future, but this possibility seems to be well provided for in the current share price. Looking at the figures and statement I think the company now has time to manage themselves out of the crisis, which is what the statement suggests they are doing....Thing is, if they don't go bust it is likely that this will be a ten bagger over 3/5 years, so as I see it, the play is a bet on the probability of each outcome, even if you believe the odds are 50/50 it is an attractive gamble to a risk seeking investor....we'll see |
Posted at 18/6/2008 23:35 by lpavlou guys, cant see a recovery from here in their current state. I can see private equity coming on board after liquidation and picking up best 25 stores and rebadging. Likewise LoL wont survive as is either, they may get new investors, but they owe so much, surely its better to let them go and cherry pick the best stores.This will be good news for DFS, as they will pick up the capacity. The rest of the sector must be hurting as well. |
Posted at 16/6/2008 22:03 by warrenc Any investors in scs will want a massive chunk of equity in return . Shares are worthless if by some miracle they survive . |
Posted at 16/6/2008 09:36 by isis Agreed - which is why I would never touch them, but they seem to get away with it.There is not a Cat's chance in Hell of this downturn suddenly ending. it is likely to get far worse. Everyone I speak to is complaining about everything going up from Holidays to Petrol - furniture is the last things on their mind. People are not moving either another big factor when buying furniture. Investors just don't get it. |
Posted at 16/6/2008 08:13 by still waiting directors can always issue options to get their shareholdings back up.new investors will be in control here. |
Posted at 15/6/2008 17:36 by cyberpost SCS Upholstery says in talks to raise additional working capitalLONDON (Thomson Financial) - SCS Upholstery Plc. said Sunday it is working with a number of external parties to raise additional working capital after the company's shares plummeted last week. A report in the Sunday Times said KPMG is lined up as an administrator if the SCS fails to effectively restructure following the appointment of Ernst & Young to aid the beleaguered company. The newspaper said SCS is in discussions with a number of investors to provide additional finance, which was confirmed by the company. However, the Sunday Times cited city sources as saying some parties approached by SCS have already rejected the opportunity to invest. SCS said in a statement that currently it is cash positive with no net debt. It added that it is working with its suppliers to address their working capital requirements, after news Wednesday that the suppliers of the specialist sofa retailers had their credit insurance removed sent SCS's shares tumbling. "The unexpected and sudden withdrawal of credit insurance from the market, which has impacted us and other retailers, has placed a strain on the working capital needs of our suppliers," SCS said Sunday. UK peer Land of Leather has also been impacted by deteriorating conditions in the high street. It is close to agreeing a rescue financing packing, estimated in the region of 18 million pounds, according to the Sunday Times. |
Posted at 27/3/2008 04:33 by ydderf kiwihope/Arthur L - but inventories have increased by 3.8m, and they have said that the exceptional spend on advertising was all in the first half with benefits in the second (we are already 1/3 into the second half and the statement says confident of profitability in second half). Against this background, if inventories hadn't risen it would be worrying.csmwsski - it is certain the SCS can't go bust by the 31st March, but they may go bust in future, but this possibility seems to be well provided for in the current share price. Looking at the figures and statement I think the company now has time to manage themselves out of the crisis, which is what the statement suggests they are doing....Thing is, if they don't go bust it is likely that this will be a ten bagger over 3/5 years, so as I see it, the play is a bet on the probability of each outcome, even if you believe the odds are 50/50 it is an attractive gamble to a risk seeking investor....we'll see |
Posted at 14/1/2008 08:54 by holmess RCTurner2 - It's fairly apparent that management havd misjudged the severity of the downturn. What we, as investors have to determine is whether the mistakes made so far can be rectified in time to ensure the continuing operation of the company, and whether the fall in share price from 500p+ to 40p is overdone.I believe that the company is now putting in place a strategy for survival rather than growth, albeit belatedly, and i think at 40p the upside could be considerable if they ride out the downturn. I haven't added today, as i suspect we may see further price weakness in line with the market. Looking for an entry point though. |
Posted at 13/1/2008 18:36 by cockneyrebel Yes KK, sort of my thinking tho I can't say I was working on any real detailed calc, more a gut feel, a bit of a punty mood and the fact it had fallen so far so fast.Definitely not for widows and orthans or even sensible investors imo - tho I think I'm one of those this was more a bit an informed gamble rather than investment. CR |
Posted at 11/1/2008 04:32 by outsider Having started the new thread & buying in at 96p or so then getting nervous before Xmas and selling at around 91p, I have proved it's sometimes better to take a small loss than back your ego!I think if M&S are struggling, then it's more than obvious not just the big ticket items are going to struggle. However I am surprised at the speed it's fallen, clearly nervous investors ahead of trading report, andthe longer it's delayed I think the price will slip. Obviously high risk, but I do think it will survive, will keep watching, & may take a punt if it falls to sub 40p. Good luck to those brave enough to back it yesterday. |
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