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SUY Scs Upholstery

6.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Scs Upholstery LSE:SUY London Ordinary Share GB0002199924 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Scs Upholstery Share Discussion Threads

Showing 876 to 895 of 1075 messages
Chat Pages: 43  42  41  40  39  38  37  36  35  34  33  32  Older
DateSubjectAuthorDiscuss
14/6/2008
13:53
CSM - Sounds a little like Air Europe a few years ago. They were expanding at around 25% per year. Each years expansion paid for the previous year, which is all right as long as you are able to keep expanding. But as soon as the aviation market took a down turn and Air Eurpoe were no longer able to expand they went bust with in 6 months, because each year they were never really making any money.
loganair
13/6/2008
21:22
competition is becoming even more fierce in the sofa sector as scs shares touched 10p earlier before closing at 11p, land of leather not wanting to be out done made a late surging loss to close at 10.75p after losing its lead earlier in the race to be first to get its shares into single figures, the race is almost at its conclusion with experts calling it too close to call on which will call the administrators in first.
csmwssk1
13/6/2008
15:21
b8 - let us know if you get the bullet. ;-))
isis
13/6/2008
15:07
I just bought a few (hope the bank is supportive)
robizm
13/6/2008
15:02
Hope u are right bullet8, but I dont think the real bad times have started yet (hope we avoid them, but i would not bet on it)
robizm
13/6/2008
14:23
these will pull through,i should know, still work for them.
bullet8
13/6/2008
08:19
What company calls in the administrators with £4m cash in the bank? Not saying there aint problems but not administrators now, they have more time than that to sort themselves out.
roomove
13/6/2008
08:10
There goes the bounce!
boffster
13/6/2008
07:56
here comes the bounce
roomove
12/6/2008
21:13
stick to small oil and gas co or mining.

cbm, ldp , wtn, afr, gas.

papaduke
12/6/2008
20:52
I would stay well clear.

The important thins is the payment of rent and service charges on 24 June and the wages on the 30 June (i presume). if the projections mean that there is a significant risk of deafult and the financiers are unabel to extend credit then the company will have to cease trading.

i suggest a look at HMY, GHH or CRM.

Oh well...looks like a long time until recovery (2 years)

honiton
12/6/2008
20:48
it seems to me any company with debt is suddenly out of fashion,and should
cease trading at once,jessops is in a world of pain compared to scs, lol.
woolies etc a pile of debt,scs 17 million 1% of barrett.
dont write these of yet!

bullet8
12/6/2008
19:36
Unfortunately this is so much a furniture problem as a Housing debt bubble problem which is not going away anytime soon.
People have been spending the value of their hovels in the shops for the last ten years - this is no more.
SUY and LoL won't be the only caualties.

isis
12/6/2008
19:25
Also interesting how i 'ramp' when I have clearly stated things are not good and I will sell on the bounch. Its a high risk share but Im yet to find many low risk shares with high rewards.
roomove
12/6/2008
19:01
Fair enough robizm I don't have a crystal ball , just my opinion . To be honest when big firms like this go its not a good thing for big ticket items in general , as customers lose confidence in an already fragile market .
warrenc
12/6/2008
18:55
I agree with some of what you say warrenc as we have been here before with courts and uno, but this company has much less debt than those. we are heading for a downturn and big ticket items are hit hard. it all depends on how long it lasts and how deep it is and we can guess and speculate but we dont know the answer yet.
robizm
12/6/2008
16:53
Incanto Divania supply to scs via there subsidury called "sofitalia" . Thats the company that David Knight declined to tell people in the press release . They were the ones that started this domino effect . Trust me and sell while you can . Dire is an understatement !!!! How can they continue ordering furniture from abroad on an 8-12 week lead time paying upfront then waiting for the customer to pay them . The simple economics of it don't work.
warrenc
12/6/2008
16:45
I disagree, no one can predict the future,as it stands the company has cash
an unused overdraft and suppliers paid,its tough times but not that dire.

bullet8
12/6/2008
16:32
Spent the last twenty years in furniture retail . Watch this space . This is dead in the water along with lol !!!
warrenc
12/6/2008
16:22
This Article says they also have net debt of 17 million ????
warrenc
Chat Pages: 43  42  41  40  39  38  37  36  35  34  33  32  Older

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