French Connection Share Discussion Threads

[niggle] 22/4/2020 16:57

Well I bought some so happy

[cyberbub] 22/4/2020 16:14

The brand may be a bit past it in the UK, but it still has value elsewhere, and the company is not bust (for now).

[sphere25] 22/4/2020 16:09

Taken a small position punt. £6m market cap punt.

Feel abit sick after that buy (lol) but it is what it is.

Come on you doomed mediocre brand, let's see if you can get into that £10m-£15m valuation range!

[awise355] 22/4/2020 15:47

Looks like the worm has turned!

[knowing] 22/4/2020 15:37

(●'◡' 679;)

[cyberbub] 22/4/2020 15:16

I agree it's worth a punt and so have made a small punt! Seems to me that somewhere around 15p is surely not unreasonable, given that they do still have profitable strands to their business, are rapidly closing down the non profitable ones, and still have a fair bit of cash left? Of course Covid could ruin that who knows. But it seems worth a punt for a 'bag' at least IMO.No advice intended.

[zen12] 22/4/2020 15:16

Yep turning and we should see a strong finish here..

[sphere25] 22/4/2020 15:08

Chart looks like it might be turning up here and clearly more interest so a short term rally looks possible, but is anyone else struggling to push the buy button here?

I have looked at this one so many times over the years and struggled to hit buy. It's now down at what appears to be a punt worthy level and I still can't do it! Every time someone mentions French Connection as a brand, I throw up a little in the mouth (sorry :-D)

This brand is almost inevitably doomed to continue being mediocre at best imo.

[dgdg1] 22/4/2020 14:41

It's not just that the seller may have cleared. THe point is someone is buying in huge quantities, with volume over 5 million, massively higher than the normal, one wonders if something is happening behind the scenes

[tomboyb] 22/4/2020 14:09

You don't get much online -

Once the sellers cleared then 10p plus is reasonable -

[a_2_b] 22/4/2020 13:15

French correction

[gleach23] 22/4/2020 12:50

Judging from the today's share price action and volume (currently > 2.6m) there's a decent chance WA may be out imo

[dgdg1] 22/4/2020 12:37

Looks like a lot of buying going on today, much higher volume than usual

[gleach23] 22/4/2020 11:52

Certainly feels like a large sell order must be soaking up these buys today.

Very limited stock available to buy online.

[gleach23] 21/4/2020 19:13

I'm just here for a short term trade on the premise that a big seller has pushed down the share price to a level from which I'd expect it to recover once that seller is done. In the 4 trading days since last week's announcement that WA Capital were down to 2.94% or 2.8m shares remaining the volumes have remained high so I'm on the look out for a large clearing trade in case they are closing out completely.

By my estimate, volume has been roughly as follows -
16th Apr 1075k
17th Apr 675k
20th Apr 515k
21st Apr 850k

[niggle] 20/4/2020 13:51

This is priced to go bust but it does make 5.8m a year from licensing. So that has to have a ~20m value on its own.I guess it's running out of cash? anyone?

[gleach23] 17/4/2020 16:09

Tidy jump on the market quoted Offer to 6p. Pleased to find on doing a dummy quote that one has to pay 5.99p for the smallest of quantities.

[ny boy] 16/4/2020 20:00

What is the value here, high street domino falling, this maybe next, they had their time in the 90’/‘00’s Their Kings Road shop is in a nice building is what I like the most

[gleach23] 16/4/2020 16:50

Given the late afternoon trades going through today, I'm hoping they're clearing off completely

[davydoo] 16/4/2020 14:32

lack of scrutiny on another retailing related investor

[orange1] 16/4/2020 12:58

What benefit is there to be gained from not being on the shareholders list?

[davydoo] 16/4/2020 11:31

at last. Wonder if they'll keep selling, or will just be glad to be off the major holder list

[gleach23] 16/4/2020 11:28

Well there we go...WA now below 3% with 2.8m shares left

[zoolook] 16/4/2020 08:14

Not going to happen. Marks’ stake to big. He wouldn’t/couldn’t sell at somewhere north of 60p a few months ago. He’s hung in for decades. Leopards don’t change their spots. Taking it private is more likely