French Connection Dividends - FCCN

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Stock Name	Stock Symbol	Market	Stock Type
French Connection Group Plc	FCCN	London	Ordinary Share

	Price Change	Price Change %	Stock Price	Last Trade
	0.00	0.0%	29.55	01:00:00

Open Price	Low Price	High Price	Close Price	Previous Close
			29.55	29.55

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Industry Sector
GENERAL RETAILERS

French Connection FCCN Dividends History

Announcement Date	Type	Currency	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
14/03/2012	Final	GBX	1	31/01/2011	31/01/2012	21/03/2012	23/03/2012	04/07/2012	1.6
19/09/2011	Interim	GBX	0.6	31/01/2011	31/01/2012	28/09/2011	30/09/2011	19/10/2011	0
16/03/2011	Final	GBX	1	31/01/2010	31/01/2011	23/03/2011	25/03/2011	05/07/2011	1.5
15/09/2010	Interim	GBX	0.5	31/01/2010	31/01/2011	22/09/2010	24/09/2010	19/10/2010	0
15/03/2010	Final	GBX	0.5	31/01/2009	31/01/2010	24/03/2010	26/03/2010	06/07/2010	0.5
18/03/2009	Final	GBX	0	31/12/2007	31/12/2008	01/01/1970	01/01/1970	01/01/1970	1.7
12/09/2008	Interim	GBX	1.7	30/12/2007	30/06/2008	24/09/2008	26/09/2008	16/10/2008	0
12/03/2008	Final	GBX	3.3	31/01/2007	31/01/2008	19/03/2008	25/03/2008	02/07/2008	5
14/03/2007	Final	GBX	3.3	31/12/2005	31/12/2006	21/03/2007	23/03/2007	04/07/2007	5
12/09/2006	Interim	GBX	1.7	31/01/2006	31/07/2006	20/09/2006	22/09/2006	17/10/2006	0
14/03/2006	Final	GBX	3.3	31/01/2005	31/01/2006	22/03/2006	24/03/2006	04/07/2006	5
09/09/2005	Interim	GBX	1.7	31/07/2004	31/07/2005	21/09/2005	23/09/2005	18/10/2005	0
08/03/2005	Final	GBX	3.8	31/01/2004	31/01/2005	16/03/2005	18/03/2005	05/07/2005	5
14/09/2004	Interim	GBX	1.2	31/01/2004	31/07/2004	22/09/2004	24/09/2004	19/10/2004	0
09/03/2004	Final	GBX	2.25	31/01/2003	31/01/2004	17/03/2004	19/03/2004	06/07/2004	3.25
16/09/2003	Interim	GBX	1	31/01/2003	31/07/2003	24/09/2003	26/09/2003	23/10/2003	0
11/03/2003	Final	GBX	1.8	31/01/2002	31/01/2003	19/03/2003	21/03/2003	01/07/2003	2.4
17/09/2002	Interim	GBX	0.6	31/01/2002	31/07/2002	25/09/2002	27/09/2002	25/10/2002	0
12/03/2002	Final	GBX	1.17	31/01/2001	31/01/2002	20/03/2002	22/03/2002	02/07/2002	1.6
19/09/2001	Interim	GBX	0.43	31/01/2001	31/07/2001	26/09/2001	28/09/2001	30/10/2001	0
13/03/2001	Final	GBX	0.95	31/01/2000	31/01/2001	21/03/2001	23/03/2001	03/07/2001	1.3
19/09/2000	Interim	GBX	0.35	31/01/2000	31/07/2000	25/09/2000	29/09/2000	31/10/2000	0
20/03/2000	Final	GBX	0.8	31/01/1999	31/01/2000	27/03/2000	31/03/2000	04/07/2000	1.1
21/09/1999	Interim	GBX	0.3	31/01/1999	31/07/1999	27/09/1999	01/10/1999	28/10/1999	0
29/03/1999	Final	GBX	0.65	31/01/1998	31/01/1999	06/04/1999	12/04/1999	01/07/1999	0.85
23/09/1998	Interim	GBX	0.2	31/01/1998	31/07/1998	05/10/1998	09/10/1998	29/10/1998	0
14/04/1998	Final	GBX	0.5	31/01/1997	31/01/1998	14/04/1998	20/04/1998	01/07/1998	0.65

Top Dividend Posts

Date	Subject
01/11/2021 15:16	sleepy: Galles - the share sales are also by Singer Capital - presumably their market making division - who have to make an announcement as they have some connection with the people bidding for FCCN Read Full Thread Follow Reply
27/10/2021 10:53	sleepy: The share purchases are by Singer Capital - presumably their market making division - who have to make an announcement as they have some connection with the people bidding for FCCN Read Full Thread Follow Reply
15/10/2021 14:28	rainmaker: If you can buy French Connection(FCCN) at the right level to cover your trading costs(remember there will be no selling costs) then its like a free call option with an interest payment. If there is a competing bid then you make a lot of money but if one doesn't materialise then you get your money back on 22 November 2021 with more interest than you would receive for holding it on deposit. Effectively you are investing in a risk free trade. regards AIMHO, DYOR as I have done mine. Read Full Thread Follow Reply
23/9/2021 11:00	boonkoh: 30p..! That would be daylight robbery.Don't forget earlier this year there were 3 other bidders circling. They might appear out of the woodwork now. Strong likelihood that we'll get a counterbid, so I would sit tight unless the share price is like 35-40p.On an underlying valuation level I'll be disappointed to have to sell my FCCN below 50-60p, which I think can be achieved in the next 12 months. Read Full Thread Follow Reply
26/8/2021 11:32	boonkoh: Nothing I can see. But you never know with FCCN in play for a bid... Just some clumsy buying? Read Full Thread Follow Reply
13/7/2021 14:43	boonkoh: Potentially trading statement to come ned of this month.Retail sales May and June have been strong. Plus sales of dresses and socialwear particularly strong, which is a staple for FCCN.Sofa sales still strong via DFS.USA sales strong too.So can't see any major shocks to come in the first few months of trading. Read Full Thread Follow Reply
06/7/2021 17:11	rainmaker: For anyone holding or has an interest, fashion retailer, French Connection(FCCN), 18.70p/18.85p currently subject to bid interest from three separate parties are due a trading statement this month. Last years was on 24/7/2020. You would think that current trading would be good, April's retail sales were the best since August last year. A constant stream of selling from impatient holders has kept the share price under pressure. IMHO a bid was never going to come quickly, the CEO, founder and 41% shareholder apparently rejected a 42p a share last January and he obviously, and very reasonably wants a lot more. I calculate French Connection's intrinsic value to be circa 120p a share(its not that difficult to work out) and of course no one will pay anything like that in the current economic climate and with FC's current trading performance unless someone makes a move and they go into play. FC have a valuable brand and IMHO is worth a great deal more than the current share price-just ask DFS. AIMHO, DYOR as I have done mine. regards Read Full Thread Follow Reply
10/6/2021 08:31	boonkoh: DFS trading update today: "In a trading update on Thursday, DFS said its order intake over the past ten weeks was 92 per cent higher than in the same period in 2019."Good for FCCN, licensing income from DFS must have been robust. Read Full Thread Follow Reply
24/2/2021 16:44	kinwah: Thomstar, I always blame algorithmic trading for these silly little trades of a few shares however it does look especially odd in FCCN today. If I was to speculate I think tomorrow could bring some more detailed news about the bid talks. That Apinder guy who bought Ashley's stock has probably had a chat with Marks by now so might be putting himself forward as another serious bidder. Marks may well want to sell his shareholding before 5th April depending on what is in the budget to take advantage of the 10% rate of tax with Entrepreneur's Relief. I sense things will happen quickly this time round with the bid discussions. Read Full Thread Follow Reply
22/8/2018 15:33	lomcovaks: Joules, Paul covered the HoF situation in his daily small cap report of the 14th August. hxxps://www.stockopedia.com/content/small-cap-value-report-tue-14-august-2018-cgs-mubl-hat-mmh-fccn-d4t4-390524/ I know he occasionally reads these boards so I do hope that he won't mind my copy and pasting the relevant section here for the interest of members who may not subscribe to the Stockopedia article. It's free and a wonderful resource for investors:- French Connection (LON:FCCN) Share price: 48.1p (+0.4%) No. of shares: 96 million Market cap: £46 million A brief comment from me on the situation re French Connection (LON:FCCN) and its exposure to House of Fraser. This has been a known issue for some time, for people who understand the business. FCCN has concessions (a store within a store) in department stores, including House of Fraser. These are typically small operations, with minimal staff and little stock. The way concessions work is that all sales are "banked" through House of Fraser's EPoS system. HoF then sits on the money for, I am told, about 2.5 months. As HoF has been on the brink of going bust for some time, it was worth working out the potential liability to FCCN. Thankfully, a retail FD friend of mine worked out the figures some time ago. He reckoned there was a potential bad debt to FCCN of about £2m (probably less), if/when HoF went bust. Since HoF went into Administration, then that crystallises the loss for FCCN and other concessions. Mike Ashley would not be paying those debts as part of his acquisition, as pre-Administration trade payables are unsecured creditors, hence usually are paid nothing in this type of insolvency. How is the £2m estimated bad debt for FCCN worked out? Estimated 40 concession sites within HoF stores. Estimated annual turnover per concession of £200k Giving £8m estimated annual revenues for FCCN from its HoF concessions. Assume the bad debt is perhaps 3 months takings, arriving at an estimate of £2m bad debt for FCCN. That's not material, since FCCN has a market cap about £46m, and has substantial net cash - so it can afford to write off a £2m bad debt without any consequences. FCCN will also have to write-off fixtures & fittings related to its HoF concessions, or at least the ones that are to be closed. This again will not be material, and is non-cash, so not a problem. The inventories within HoF stores remain FCCN's property, and if necessary can be moved to other FCCN sites, so there should not be any write-offs relating to inventories. Going forwards, this might prove a nice opportunity for FCCN to accelerate the reduction of its heavily loss-making retail division. So I feel that, once the dust has settled, the market might actually see this as a positive. To reiterate, the sooner the FCCN retail stores are closed, the better, as they lose money hand over fist! The value in the business is the profitable wholesale & brand licensing divisions. It amazes me that this is so obvious, yet "the market" seems oblivious to it. There was a takeover approach last year, which must have been serious, since the board apparently spent several months assessing it & allowed the potential acquirer to do due diligence. It's only a matter of time before the business is sold, because the founder/chairman is into his 70's now, and must be looking for an eventual exit (otherwise he wouldn't have engaged with the potential acquirer last year). I've worked out that FCCN has several stores which are literally black holes for cash, in terms of losses. The leases on these should soon expire. That means that profitability should make a step change upwards. That's what's interesting about this cash-rich company. The brand is still very valuable, and I'm hoping for an eventual payout here of 100-200p, on a trade sale. This special situation is certainly one for patient investors only! I'll be insufferable when the payday does finally come, lol! The recent share price softness, presumably on worries over HoF, looks overdone to me, so if it goes much lower, I'll be topping up. But it's already one of my biggest long positions, so maybe it's not wise to tie up too much cash in this one? I imagine there is likely to be an RNS from FCCN very soon, detailing the cash losses due to HoF insolvency. It should also give us some detail on the non-cash write-offs (e.g. F&F), plus an update on what's happening going forwards. I imagine this is likely to say that some HoF concessions will continue, but some will be closed. They'll obviously only keep the profitable ones, and this is a nice opportunity for FCCN to re-negotiate terms with Mike Ashley, on a take it or leave it basis (giving him a taste of his own medicine!). Therefore FCCN should emerge with a more profitable concessions operation after this process has been completed. Hence I'm rather looking at this as glass half full, rather than glass half empty. Read Full Thread Follow Reply

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