Basics are share price has been held at 8:00 with sharebuy backs. These are not being cancelled but held for Frasers Group bonus scheme Fearless. Scheme finishes on 30th.Frasers is about to go into year end so share price will drift down until news / results. Will news be good or bad? Living wage lift at 10% means sales need to be up 10% to tread water with inflation. Next and others saying goods cost prices not at 10. Results will tell. |
Very quiet thread - nothing posted over the past 7 weeks! |
Any reason for big volume,buying for fste 100 entry which occured mid review? |
RNS80m buyback capped at 10 m shares. I suspect mms will be straight to 8 this am in readiness. |
Predictably for many old school operators their out dated methods mean they are open to fail. Frasers group are masters of taking prize assets when these opportunities arise. The diversification of the business from a pure sports play offers greater protection. The target remains 15 pounds for CEO and CFO that should keep them focused. |
It seems the UK has so far, narrowly avoided a full blown recession but with high inflation, rising high interest rates and rising unemployment, this is likely to trigger a recession later this year.
The outlook for retailers looks especially tough, with around 7 Million households expected to struggle to pay their energy and food bills in 2023. |
Frasers on the buy again, from JD sports of all people! |
ANOTHER SCANDAL RIDDEN KAMANI BITES THE DUST !!!
================================================
Founded by Mahmud Kamani’s older brother, Jalal Kamani, the clothes retailer “I Saw It First” has been sold for just £1 to Mike Ashley's Frasers Group complete with debts of £13 Million.
Since Frasers Group took over “I Saw it First” it has reported sales of just £5.6 Million and recorded PRE-TAX LOSSES of £5.8 Million.
Jalal Kamani, Mustafa Kamani and Tayyab Kamani have all resigned as Directors of the company.
The Sunday Times reported that garment workers were only paid £3.50 an hour to make clothes for Boohoo PLC. The factory concerned was run by Morefray Ltd part owned by Shahzad Irshad, another Director of "I Saw It First". |
Mike Ashley takes out a spreadbet for £9 Sp by sep 23. 800k bet |
With the share price of Syme down 82 percent in last year I prefer Frasers. Heading towards 15 pounds in next two years that's nearly 82 percent gain over 2 years and no real risk. All CEO s tell you how marvellous they are. The P&L tells the truth. Before, during and after they leave.Good luck with it |
SYME is about to fly claims ceo |
Good results. |
7 percent drop off tiny volume. Naughty Mms |
 At first glance a stunning set of resultsOutlook: Whilst the macroeconomic environment is clearly challenging and the backdrop for the coming year is hard to predict with any certainty, we have strong strategic and trading momentum behind us and we remain confident in our guidance for Adjusted PBT of between £450m to £500m for this financial year. · Group revenue increased by 12.7%, largely due to acquisitions Excluding acquisitions, disposals and on a currency neutral basis, revenue increased by 3.9% (2)· UK Sports Retail revenue increased by 11.6%, largely due to the acquisition of Studio Retail Limited ('SRL') on 24 February 2022 Excluding acquisitions, revenue decreased by 3.1% (2) largely due to a reduction within Game UK and the very strong reopening of stores after the last lockdown in March 2021 in the prior period· Premium Lifestyle revenue increased by 24.7%, largely due to new FLANNELS stores and continued growth in online Excluding acquisitions, revenue increased by 22.2% (2)· International Retail revenue increased by 5.8%, largely due to the acquisition of Sportmaster on 16 May 2022 and an increase in the Malaysian business, offset by the reduction in revenue following the disposal of the US retail businesses on 25 May 2022 Excluding acquisitions, disposals and on a currency neutral basis, revenue increased by 9.2% (2) largely due to increases in the Malaysian business due to the prior period being impacted by Covid· Group gross margin decreased to 42.0% from 44.7% in line with our guidance given above, which reflects mix effects (from the acquisition of Studio Retail, the disposal of the US retail businesses and House of Fraser store closures), a strong prior year comparative of full price trading, cost of goods inflation, and a maintained inventory provision percentage in the current period· Reported profit before tax was £284.6m, up 53.0% reflecting: Continually improving product choice in the core UK business FLANNELS growth through store roll out and online Profit on disposal of assets (property at £91.2m, US retail businesses at £26.3m) with mitigations including impairments of property of £50.2m (FY22 H1: £135.3m) and intangibles of £27.5m (FY22 H1: £4.4m), non-recurring profit before tax in the prior period from the disposed of US retail businesses (FY22 H1: £17.9m), an increased inventory provision amount, and the prior period in FY22 benefitting from business rates relief· Adjusted PBT was £267.1m, up 38.8%. As a percentage of revenue, Adjusted PBT is 10.1%, up from 8.2% Excluding acquisitions, disposals and on a currency neutral basis, adjusted PBT increased by 53.8% (2)· Cash inflow from operating activities before working capital decreased to £389.9m compared to £454.1m largely due to increased operating costs, new acquisitions, and the business rates relief in the prior period· Net assets have increased to £1,382.3m from £1,308.6m at 24 April 2022 (FY22 H1: £1,367.2m), largely due to the increased profitability of the Group offset by significant share buybacks· Reported basic earnings per share grew by 63.5% to 46.1p, from 28.2p Adjusted basic earnings per share increased by 47.9% to 44.8p from 30.3p (1)· Reported profit after tax was £219.6m up 52.8% from £143.7m |
Agree interesting to see John Lewis offering 20% off beauty. Beauty margins are tight which indicates a desperation in their discounting. Given Frasers breadth of offer and the World Cup on they offered a spend £250 and get a voucher of £50 to return with in the Flannels. A cleverer way you reward the high spenders not the day traders. They have also not had to follow through on their buyback as price jumped to 9 pounds. Results in 3 weeks. Retail is expected to be tough with the stock overhang from late deliveries because of no shipping containers. In a discounted last 4 weeks before 25th expect more casualties. Frasers will not be one but will be shopping again in January. John Lewis sadly is being terribly lead and ducking the tough decisions until it is too late. |
Desperate and childish post |
Fraser going against the tidal flow of other retailers but how much longer can it hold onto these share price gains?
Even the weather might start to have a huge impact on sales, if the beast from the east hits the country very soon. |
As soon as I posted it started to rise! |
Only another potential purchase as news. The other is the worry about retail sales after this weeks budget. Forgetting perhaps Sports Direct customers love a World Cup. If England and Wales go long. Flannels, Jack Wills and House of Fraser may have tougher a Christmas though. |
(Sharecast News) - Retailer Frasers Group was said to be close to striking a deal to acquire Savile Row tailor Gieves & Hawkes after its Hong Kong-based owner collapsed into liquidation.According to Sky, Frasers will look to buy the iconic tailor, which has held royal warrants for King Charles III, for an undisclosed price.Frasers' Mike Ashley was also said to have been contemplating an acquisition of Gieves & Hawkes since September. |
Any ideas why such a massive drop today? |
Yes but line 5% higher and indicates Frasers has plenty of cash coming in. We will know more in a months time. The companies buying spree means access to lots of very cheap stock and plenty of routes to market to sell through. Even if Decembers message is steady as you go the company is clearly laying the foundations to deliver the share price to 15 pounds.Strongest hold I have GLA |
700p ceiling don’t get too excited |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
