French Connection Share Discussion Threads

[boonkoh] 28/7/2021 21:54

Trading volume has fallen off a cliff last few days. Calm before the storm?Big investors made insiders either for a sale or for a fundraising, and can't trade?

[boonkoh] 13/7/2021 14:43

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.

[rainmaker] 06/7/2021 17:11

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

[smicker] 28/6/2021 11:07

So is this our CFO lining up his new position after we get bought over? More seriously, i hate to see key employees getting distracted like this.

[boonkoh] 10/6/2021 08:31

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.

[boonkoh] 05/5/2021 14:05

Just reading through results again with fresh eyes.Barely a mention of the sale process, which is odd. In most other situations, there would be a statement like "ongoing discussions with X parties" "early/late stage" etc.Either no more interested parties, so therefore nothing positive to reveal. Or they are now not thinking of a sale anymore but still want to keep options open.

[boonkoh] 28/4/2021 08:10

Interesting that UK retail estate now seen as viable, reading between the lines.Circa 17 stores coming up for renewal in FY21 but they're only planning to close 2. Might this be the turning point where they've successfully rightsized their store estate?Horrendous results yes... But expected due to Covid...

[kemche] 28/4/2021 07:59

Horrendous!

[af004] 26/4/2021 18:37

No idea. Keep.posting though...

[boonkoh] 26/4/2021 17:22

I'd love to take credit for today's near 10% rise, as the share price did only start moving after my message.What's going on? Good volume today too. Any bid rumours?

[boonkoh] 26/4/2021 10:19

Sorry. Bad Android. I meant to type Key Dates not Key Sage

[ali47fish] 26/4/2021 09:04

boon key sage is what?

[boonkoh] 26/4/2021 08:38

Key sage coming up, 28th April.Results being announced. Potentially offer too at the same time.

[boonkoh] 11/4/2021 23:11

Go Global is probably not in the running anymore I think.Acquired Modcloth in Jan, Janie and Jack just announced end Mar/early Apr.They're a small team so probably need to digest these acquisitions first before doing another.

[thomstar] 07/4/2021 16:46

Could go either way

[smicker] 10/3/2021 13:35

Next have announced an investment in Reiss this morning. Christoph Angelidis the CEO of Reiss was previously with French Connection.

[holdingtight] 09/3/2021 14:25

Fortunately we're no longer in the middle of the pandemic - with vaccines rolling out and a timetable for a return to something near normal, high street sales should pick up. And I think the on-line performance is strong and that bricks and mortar commitment wise they are in reasonable shape. I reckon you are right; a short delay will be positive.

[smicker] 09/3/2021 12:56

I'm not sure the middle of a pandemic is when you would expect to secure the best price for your business. Maybe better to wait for a few months of unrestricted trading without many high street competitors and see how things look then. I would assume the company will also have used the crisis to bring forward restructuring to address the poor performance of the physical stores

[holdingtight] 09/3/2021 12:40

I think this is the problem... could take months, or even a year or more to resolve and no guarantee of a sale. On the other hand, could happen any day !

[myayield] 09/3/2021 09:42

How long do you think before the takeover is resolved? Also price drifting down.

[thomstar] 09/3/2021 09:08

Gone a bit quiet here...

[holdingtight] 02/3/2021 14:12

I wonder who the three are and how serious. Possibly one is Mike's mate.

[smicker] 02/3/2021 13:44

Boohoo needs some column inches to get the US import story off the front pages. Surely they can plant a story in the press? Just joking hxxps://www.aol.co.uk/news/french-connection-launches-sale-process-133934209.html. nothing new here

[holdingtight] 02/3/2021 13:29

3 new bidders and in an active sale process. Got to be good. But of course no indication of price and an extended timeframe so not good if you are in a hurry to see it concluded.We need an intrepid reporter to dig something up.