Footasylum Share Discussion Threads

[footloose2] 03/12/2018 17:00

Who in there right mind asks joe90 for advice?

ANOTHER 6% down at fST lol

[john09] 03/12/2018 16:46

I can’t belive how riled these 2 bozos are that someone dare be bearish

Sorry for finding the article about the insurance being declined by all their insurers 😂👍🏼 Only took 10 seconds

[john09] 03/12/2018 16:45

20p broker target
No insurance
No CEO
2 profits warnings, so far


😂👍🏼😂8077;🏼ԅ14;👍🏼; no hope

[firw00d] 03/12/2018 16:43

I'LL TRADE BB'S ANYTIME YOU WANT JOHN.

[firw00d] 03/12/2018 16:41

Frontier Smart Technologies Group Limited (FST) DI Ord GBP0.10 (View Factsheet)
Sell: 45.00p | Buy: 50.00p | down3.00p (5.94%)

LOL MR DOWN, WHILE YOUR HERE YOUR SHARES ARE TUMBLING BY THE HOUR, COULDN'T HAVE HAPPENED TO A NICER GUY

Oh yeah, YOU'VE BEEN HERE FOR 12 MONTHS YOU PLONKER, BRILLIANT....

[john09] 03/12/2018 16:34

20p broker target
No insurance
No CEO
2 profit warnings, so far

[john09] 03/12/2018 16:33

3 days he has wasted. I’m sure it’s helping his Footasylum investment 👍🏼😂

[firw00d] 03/12/2018 16:27

FRONTIER SMART TECHNOLOGIES GROUP LIMITED (FST) DI ORD GBP0.10

Sell:45.00p Buy:52.00p 2.00p (3.96%)

Go get your chief ramper folks thing are going from bad to worse without him . . .

[john09] 03/12/2018 16:15

hxxps://www.retailgazette.co.uk/blog/2018/11/footasylums-credit-insurance-cut-numerous-companies/

Suppliers won’t be supplying

[john09] 03/12/2018 15:56

Thanks allovertheshop

Unfortunately I think it will fall further for the reasons cited

[allovertheshop] 03/12/2018 15:51

Popped into Kingston branch today, relatively busy. John09, you seem to have called it right from the beginning, do you really think it will go down further, or bust, i'm sitting on a big loss and am reluctant to sell but don't want to see any more falls?

[john09] 03/12/2018 13:48

wonder if suppliers will prioritise supplying Footasylum when there’s no guarantee they will be paid?

Nope 👍🏼😂

jd and footlocker will get priority and all the best stuff. Not this shower

[john09] 03/12/2018 12:42

Where have all the millions gone . Clare’s designer handbag collection

[john09] 03/12/2018 12:40

I don’t think these boys knew the CEO Had been off all year when they ploughed their £32,500 in 😂

She’s off spending the IPO windfall waiting to take this private at £0

I don’t think these boys knew about the insurance companies and house broker bailing 😂🤫

[john09] 03/12/2018 12:34

House broker 20p ✅
Insurance companies bailed ✅
Brexit high street ✅
weak £ costs in FX income GBP ✅

Where is the CEO ✅🤫

These bozos think they know better ✅🤣

[john09] 03/12/2018 11:54

A wise seller out at 28.9p 👍🏼

If the insurance companies won’t back Footasylum, why should anyone else

[john09] 03/12/2018 11:48

Insurance ❌

[john09] 03/12/2018 11:45

Sorry for posting this factual information with a nice link. Sorry it’s factual and no one knew about it, my bad . Maybe one or two people should do a 10 second search on google for “footasylum news” rather than researching my FST posts for the last 12 months all weekend 😂👍🏼😂8077;🏼ԅ14;👍🏼;

YOU HAVE HAD YOUR INSURANCE WITHDRAWN. NO ONE WILL TOUCH YOU

[john09] 03/12/2018 11:29

Cat.

Got.

Tongue.

😂👍🏼😂8077;🏼ԅ14;👍🏼;😂👍🏼😂
28077;🏼€514;👍ㇿ6;😂👍🏼😂👍🏼8514;👍ӿ96;😂👍;🏼

[john09] 03/12/2018 11:25

Imagine not being able to get insurance for if you went bust 😂👍🏼

From several major insurers 👍🏼😂

Imagine this happened to House of Fraser and Poundland too 😂👍🏼 Great company to be in

[john09] 03/12/2018 10:50

One source told Drapers the profit warning had dented its credibility: “The main issue [with credit insurers] is how credible can the turnaround plan be at the moment? With Footasylum, many insurers can’t foresee a return to profit in the short term.

“Looking at the high street, you have to wonder what kind of plan they have to reverse their fortunes.”

hxxps://www.drapersonline.com/news/footasylum-credit-insurance-cut/7032900.article

[john09] 03/12/2018 10:47

Footasylum has seen at least two of its credit insurers cut cover while another has placed it in special measures as concerns grow over its financial stability.

According to Drapers, the footwear retailer, which reported a £4 million loss last month, has had its cover withdrawn or significantly reduced by major insurers Euler Hermes and Nexus, while Atradius is understood to have placed it on “special risk measures”.

Suppliers purchase credit insurance to ensure their losses would still be covered should a company collapse, but insurers either hike the prices or remove cover entirely when a company looks likely to fail before it can pay its creditors.

This year alone insurers have withdrawn cover on Poundworld, House of Fraser and New Look and The Original Factory Shops (Tofs).Nice company to hold !

The news follows a string of troubling financial statements from Footasylum, which posted a pre-tax loss of £4 million in the 26 weeks to August 25, despite revenue rising 19 per cent to £98.6 million, propped up by a 29 per cent surge in online sales.

A month before those results were published, it issued a profit warning stating its revenue growth and earnings will come in “significantly lower than previous guidance”, sending shares plummeting 50 per cent, marking an 87 per cent decline in share prices since January.

Have you ever had insurance cancelled or declined? Yes 😂😂😂 but only 3 insurers haha.

[john09] 03/12/2018 10:39

That’s a good one ^ did you know about this one when you ploughed your fresh capital in? Down 10% 15% ? You’ve only just started 😂