Footasylum Share Discussion Threads

[eentweedrie] 20/6/2018 13:58

eps = 6.16. pe now at circa 10

[cantrememberthis2] 20/6/2018 13:58

ps advfn chart and quotes wildly optimistic

[cantrememberthis2] 20/6/2018 13:57

No large trade is a buy, these are all SELLS ffs. Ridiculous.
Just sustained selling pressure...

[scgoliath] 20/6/2018 13:56

Hilarious, bashers on LSE now reporting a clear buy as a sell lest anyone get wind of what's happening

[scgoliath] 20/6/2018 13:55

SP can do whatever the MMs want it to do, with 126K buy just reported they are merely filling orders.

[john09] 20/6/2018 13:54

That IC write up and The Times is pretty damning . 22 earnings , when it’s competitor with a better track record is on 15 times. Oh dear oh dear

[john09] 20/6/2018 13:52

I think the share price is telling it’s own story. Told posters yesterday 80p is a long way from the bottom.

This was always incredibly overpriced . Incredibly

This will command a PE of 10 at best. Not sure which the accurate EPS is that’s being banded about because there’s a lot of posts here and not all are helpful . But find that EPS and x 10 and that’s where this is going imho

[scgoliath] 20/6/2018 13:45

Have 100% of PIs cottoned onto what all the bashers are doing yet?

[pictureframe] 20/6/2018 13:42

No - its based on the new guidance of sales and a PE of around 8

[eentweedrie] 20/6/2018 13:40

#415 that is so obviously pie-in-the-skyhow do you calculate that? by the falling of the sp? lol

[pictureframe] 20/6/2018 13:28

40/50p fair value

[eentweedrie] 20/6/2018 12:08

#412 i agree that the bod has given the impression of being untrustworthy in the ipo etc. i cant for the life of me see this going below 4p eps aimho dyor

[bulltradept] 20/6/2018 12:07

Slightly strange price action it was possibly to buy @ 73p and sell @ 73.85 before 12:00...

[barnetpeter] 20/6/2018 12:03

Why? 3p is more realistic imo. Peel say 4p and I reckon a downgrade will come. 12 times forward earnings is 36p....the stock market does not like companies that it cannot trust with a BoD that it thinks may have misled. So no premium here and a steady fall in the coming months. But hey I am short and you are long....

"In the shorter term, analysts at Peel Hunt have trimmed their forecasts for the coming year and now expect pre-tax profits of £5.3m (previously £7m) for the year ending February 2019, giving EPS of 4p (previously 5.3p), compared with £8.4m and 6.2p in FY2018".

[knowing] 20/6/2018 12:02

Some interesting trades now being published

[cantrememberthis2] 20/6/2018 12:00

its going to 1p isn't help...? help me, what shall I do?

[eentweedrie] 20/6/2018 11:59

#408 recommend you keep off the narcotics, friend.

[cantrememberthis2] 20/6/2018 11:57

eent... oh now, going to 1p
bust isn't it. im so scared, help me please. PLEASE LMAO

[eentweedrie] 20/6/2018 11:55

it looks as though the 60's will be breached soon. difficult to predict the bottom but i would say early 60's. aimho dyor

[eentweedrie] 20/6/2018 11:51

imo the CEO needs to go

[bulltradept] 20/6/2018 11:45

IC View:

For a company so new to market, a one-day, 48 per cent fall in the share price just isn’t what you want. But trainer specialist Footasylum (FOOT) – an offshoot of JD Sports (JD.) – suffered just this fate on the release of its 2018 annual numbers. Admittedly, these figures met market expectations, but projections for the coming year put some analysts on edge. Chief financial officer Danielle Davies confirmed that the contraction in the gross margin, down 90-basis points to 45 per cent, is likely to continue, especially as the business grows its wholesale and online operations. Shifting old stock is also a problem, so further discounting should be expected.

The board has also changed tack when it comes to store openings and refurbishments. At the time of the IPO last November, bosses said they wanted to focus on new sites. While this remains the case, the group will carry out more “upsizes”;, than previously planned. This will add to the rent bill this year, and reduce cash profits by around £1.4m.

However, the market’s concerns don’t stop there. While the board now claims this is simply an “investment phase” in the company’s history, broker Peel Hunt says this isn’t what investors “signed up for at float”. Analysts there are also concerned over longer-term issues, specifically the retailer's relationship with some of the key sports brands such as Nike and Adidas. Manufacturers are increasingly determined to go straight to the consumer, rather than sell products via multiple retail partners. As such, these relationships have been whittled down, and Peel Hunt suspects further cuts will be made. While groups such as JD Sports have a wide reach across global markets, effectively making their position with manufacturers more secure, Footasylum can’t yet boast the same footprint.

In the shorter term, analysts at Peel Hunt have trimmed their forecasts for the coming year and now expect pre-tax profits of £5.3m (previously £7m) for the year ending February 2019, giving EPS of 4p (previously 5.3p), compared with £8.4m and 6.2p in FY2018.

FOOTASYLUM (FOOT)
ORD PRICE: 89p MARKET VALUE: £93m
TOUCH: 88-90p 12-MONTH HIGH: 269p LOW: 88p
DIVIDEND YIELD: nil PE RATIO: na
NET ASSET VALUE: 40p NET CASH: £11.4m
Year to 24 Feb Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p)
2015* 78.0 0.4 na na
2016* 110 3.6 na na
2017 147 8.1 8.0 nil
2018 195 1.9 0.2 nil
% change +33 -76 -98 -
Ex-div: na
Payment: na
IC View
Pulling the rug from under your investors so soon into life on the public market means months – perhaps years – of rebuilding trust. For our money, we can’t see any reason to shell out 22 times forward earnings for a company whose direct competitor has a far better track record, and offers up shares for 15 times forward earnings. Sell.

Last IC View: None

[knowing] 20/6/2018 11:44

Looks like the bottom is in

[eentweedrie] 20/6/2018 11:44

I am disappointed though at the severe lack of leadership shown by the CEO. There should have been statements from her this am. Perhaps it's not always best to have 'daddy's girl' running the show.

[typo56] 20/6/2018 11:44

Looks about to 'dead cat'

[eentweedrie] 20/6/2018 11:41

#399 lol - if that was the eps expectation my friend, this would be at 30p right now What a ridiculous statement