Footasylum Share Discussion Threads

[eentweedrie] 08/1/2019 12:25

why is the CEO still employed? what an utter disaster from even the initial listing

[tony5000] 08/1/2019 12:05

Mc - declining gross margin and store LFL numbers (and possible further declines in Jan & Feb 19 & beyond) may result in significant store impairment charges - presumably to be included in exceptionals at some later point which may or may not add to the downward spiral IMHO DYOR

[mcmather] 08/1/2019 10:47

Tony, agree LFL (stores) now appear to be slipping.

44 weeks to 29 Dec 2017, store revenue £119.4m from 65 stores.
44 weeks to 29 Dec 2018, store revenue £130m from 70 stores inc' 3 upsizes.
£119.4 / 65 * 70 = £128.58m so there or thereabouts given the three upsizes.

18 weeks to 29 Dec 2017, store revenue £60.4m from 65 stores.
18 weeks to 29 Dec 2018, store revenue £63.7m from 70 stores inc' 3 upsizes.
£60.4 / 65 * 70 = £65.05m so now dropping; just not 100% when the new stores opened in 2017 for more specific comparison.

[tony5000] 08/1/2019 08:21

Reading through the trading update - LFL% store performance numbers must be pretty dire - but the company doesn’t disclose this information. Total store sales performance appears to include both new stores and refits in order to give a positive spin on turnover which is misleading and avoids disclosure of key information IMHO DYOR

[tomboyb] 08/1/2019 08:16

hxxp://www.cityam.com/271247/footasylum-warns-profit-margins-squeezed-after-increased

Tuesday 8 January 2019 8:08am
Footasylum warns profit margins will be squeezed after increased discounting

[still waiting] 08/1/2019 08:04

So borrow and sell at a loss.

Not really a good business model.

To Keep opening the shops was madness.

[john09] 08/1/2019 07:54

Several people on here will be wishing they listened a little more 👍

[crowyogapose] 08/1/2019 07:09

Profit warning

[footloose2] 07/1/2019 15:40

Vijay

The whole retail sector has been talked down in my opinion.
Even good results are being talked down still.
I think we will be pleasantly surprised by the update.
After all you don't bring bad news forward.
But as a long term investment this will be a good one.
IMO.

[vijay108] 07/1/2019 12:07

I just bought my last batches today, seems to have caused the spike. A 120k @33p chunk hasn't shown up yet. I'm sure it will drop but hard to get decent amounts at low prices. I don't think their Christmas online results will be that great judging from google trends but hopefully wrong and decent long term profitability.

[footloose2] 07/1/2019 11:59

Just need to break through 36p, that is the top of the range we have been in for the last 4 months. then it happy days.

[kirk 6] 07/1/2019 11:19

Back to 80p short term! Doesn't really matter when the trading statement is as long as it's not another profit warning these should rally motor much higher! Oversold and too cheap atm

[tony5000] 07/1/2019 11:16

Trading update date not on website now in Footasylum Financial Calendar ? Have they pulled/postponed it ?

[bor491] 07/1/2019 09:39

so is the trading update coming on the 11th?

Here's a video that covers Footasylum but it is about the IPO pattern

[tallprawn] 07/1/2019 07:36

Also UPGS have put a trading statement out saying ahead of expectations - They're a white goods specialist so retail orientated.All should help sector sentiment.

[footloose2] 07/1/2019 07:27

I know Dunelm" are not in our sector, but they are retail and they have reported this morning. They are not bad again.
Could be a good week here, we will see.

[firw00d] 07/1/2019 07:20

Well it gives me confidence anyway bud. Good results will do us better if brought out before JD etc, most likely give us a double boost and get some of those big gaps filled......

[firw00d] 06/1/2019 19:57

It would mcmather, i was looking for confirmation of this adjustment, update was Jan 11th last year and HQ did confirm the 16th only a couple of weeks ago,

Who knows, We’ll see soon enough anyway and I for one feel it will positive bwtfdik

GL

F

[mcmather] 06/1/2019 18:50

It could be interesting if they have brought forward the update from what they've previously told you firwood:

Friday 11 January
Moss Bros Trading Statement
Footasylum Trading Statement
AO World Q3 Results
Grafton Group Trading Statement

[firw00d] 06/1/2019 14:08

I had a communication from HQ saying the post Xmas update would be on the 16th, looks like they have brought it forward ?

[kirk 6] 05/1/2019 13:44

Just imagine if the trading statement is not as bad as expected! These will literally take off! We could be looking at a gap fill to 80p

[footloose2] 05/1/2019 12:27

TONY500

Well they are giving plenty of notice that its a Friday.
Bad news comes out on a friday late when its trying to hide something.
Any way i don't know why they do it. Bad news is always punished sooner or later.

Could be they want the four days before news to build up the tension and the share price
Then drop the good news on Friday morning. Then it gives the weekend for the papers to feed the info out to its readers.

I think the update will be positive, not great but fair.
I also think it won't be long before one of the gig two take us out.
Foot will be hitting there margins,They also have some great stores. They could close some of there own stores that are in competition with foot or the other way round. I only say this as the value of Foot is so low now it would make perfect sense at this moment.