French Connection Share Discussion Threads

[amorruso] 22/11/2013 13:39

I find it astonishing that FCCN hasn't moved quickly since yesterday and I was buying more after the statement which indicates that things have bottomed out, are stabilising and things are on the up. Strange (or stupid) sell off.

[falklands] 22/11/2013 11:45

I think the reason for the sell off now is the hot money came in for a bid it's clear that was untrue and now those traders loot is leaving.

Fccn depends on Christmas trading.

[stud-muffin] 22/11/2013 07:06

Pauly

That full year loss is the reality. 2% uplift in sales is good in the current retail environment but assumptions around reducing losses maybe optimistic IMV.

Everything I am hearing suggests the High Street is still struggling and margins along with it.

That said I also expected the share price to do more than it did, someone is happy to sell into this short lived rally.

There are better homes for peeps cash than FCCN at the minute, btw Pauly your long standing call on THT looks ever further from the reality, whilst this pup has added 12p since your call (not bad) THT has risen roughly a quid or five times.

I guess some you call right others ...........

[old tyke] 21/11/2013 16:42

so would a lot of people!

[cockneyrebel] 21/11/2013 12:17

Late start today but been looking at the statement - more positive than I suspected. A lot of high volume and large trades lately too.

I think if they broke that high I'd be tempted to punt a few based on the chart and large trades mainly tho accept clocktower's point they may be seeing better margins.

A lot to prove yet - would like to see Marks leave and sell his stake.

CR

[shanklin] 21/11/2013 12:04

clocktower, fair point re inventory. I see that at the end of H1, the cost of inventory recorded on the B/S was circa £9m lower than a year earlier.So, whether its less stock or cheaper stock, its certainly freeing up some cash in the short-term.

Interestingly, I see that the IMS on 21-Nov-12 contains a comment regarding Q3 P/L whereas today's RNS makes no comment in that respect.

[clocktower] 21/11/2013 10:34

Shanklin, It is also possible that the new design team have produced designs that are lower cost per item, although they maybe be able to sell at a premium, this in turn this could mean a reduction in the investment required to keep the same volume/level of stock in the shops/warehouse but still be able to service demand. They might also have speeded up the turnaround time when they find the peak sellers in the same manner as Zara etc. Hence strong cash position.

[shanklin] 21/11/2013 09:16

So, how is the cash that strong? Are they taking longer to pay their suppliers or haven't they got any stock?

[bamboo2] 21/11/2013 08:23

Be quick!

16. STFC20 Promotion

Use code STFC20 at checkout to receive 20% off your purchase of full-priced merchandise on frenchconnection.com. Offer only available online hxxp://www.frenchconnection.com between 16:00pm 19/11/13 until 23:59pm 23/11/13 inclusive and in store between 20/11/13 until store closing on 23/11/13. Discount valid on full-priced merchandise.

[bamboo2] 21/11/2013 08:18

The chart looks very positive, but I can't bring myself to add anymore right now.

Most fashion chains are offering discount vouchers, and FCCN is no exception, so trading can't be that hot, unless vouchers are all part of the plan.

[falklands] 21/11/2013 08:11

Have to see what the Christmas period brings first

[amorruso] 21/11/2013 08:04

IMS says company is stabilising and returning to growth.

[loafofbread] 20/11/2013 17:44

Another 400K for the gatemore man?

[protean] 20/11/2013 08:49

Well bid on L2 this morning.

[protean] 19/11/2013 14:41

The transactions are very recent so obviously he sees value at this level and quite possibly is looking to build a larger stake.

[loafofbread] 19/11/2013 14:34

+2.1M and out in the open.

Lets hope it's the start of something

[large_ones] 19/11/2013 14:09

Stake building for someone else perhaps?

[protean] 19/11/2013 13:31

Liad Meidar has just added 1 million shares:

[protean] 16/11/2013 08:58

The chart is looking strong here. Initial sharp move up on volume, consolidation, perhaps just about ready for a second sharp move up towards 50p.