French Connection Share Discussion Threads

[mrx001] 04/2/2021 15:56

Good point, certainly going up very rapidly. As always wish I had bought more now since only took a minor opening stake in it.

[csmwssk12hu] 04/2/2021 15:52

Considering topshop topman and miss selfridge brands just sold for £300m this at £15m looks very cheap to me

[mrx001] 04/2/2021 15:50

csmwssk12hu think it was cheap at 3.5p but think it is now frothy, it isn't really making any money with it's retail outlets just being a big loss, but who knows. Time will tell.

[csmwssk12hu] 04/2/2021 15:44

17 was resistance, would be nice to close just about below that today then head for next resistance at 25 tomorrow, today and yesterday volume both very high looking like today could nearly double yesterday volume

[thesloth2] 04/2/2021 15:42

CSM, please repeat this action at PMO !!!!!

[thesageofsaint] 04/2/2021 15:41

None of my sales of 83000 shares showing in the trades list. Will sit on my remaining holding now I have sold a small lump. Agree this is in play, but someone has to help the liquidity!

[csmwssk12hu] 04/2/2021 15:33

Maybe, but then again fundamentally it’s just cheap, who knows there’s been no news but the volume in last two days has been very high

[mrx001] 04/2/2021 15:20

Has to be speculation of a buyout, maybe Boo or one of the others on a buying spree at the moment.

[freemo7] 04/2/2021 14:37

Auction again! Not that I'm watching constantly haha

[gleach23] 04/2/2021 14:15

Isn't that 20p on the AQSE exchange where the quoted spreads are always very wide?

[csmwssk12hu] 04/2/2021 14:04

For a brief minute there it was 20p to buy!

[csmwssk12hu] 04/2/2021 14:02

Someone is definitely just clearing these out, there just loads of automated buys at whatever price the mms set and they are still going mixed in with some really big buys.

[csmwssk12hu] 04/2/2021 12:51

Good luck Nico, the large buys have just started up again in the last few minutes, they must have been having lunch as stopped for around 40 minutes lol

[nico115] 04/2/2021 12:38

I didn't average and had written the money off It's non core so only bought 90k and didn't want a large posiNow it will survive I may as well wait and hopefully recoup my money Thanks and GL

[csmwssk12hu] 04/2/2021 12:32

Nico that’s up to you, if it was me and had watched them go into single figures I would have wrote it off or bought more to lower average if I could afford to, now I would be thinking I may as well wait and see, it’s been a strange 12 months, here’s to hoping you get your 33 back imho dyor

[nico115] 04/2/2021 12:27

I'm long at 33p should I cut here and run ? Or more to go for here?

[csmwssk12hu] 04/2/2021 12:07

Not to mention the stores were renegotiated to turnover based rent so no cost when closed very clever move imho dyor

[csmwssk12hu] 04/2/2021 11:57

Second day running unusually large volume

[csmwssk12hu] 04/2/2021 11:49

Well I think it’s something happening personally, they have been far too cheap for far too long, rejected three bids in five years, last was jan 20 at 41p (that was a definite mistake with hindsight) however boohoo and ASOS and m and s have been buying up brands, these have been moving online anyway and had plans to close stores and do online, wholesale and royalties, the royalties have been doing well, the wholesale doing well, they already said spring summer 21 is better than expected and they updated website a few days ago and I have to confess the new stuff they have is bang on, sports direct own 25% already and keep losing out on brands so maybe he is going to go for this or maybe someone else is, when I ask kids and young adults which brands they know and which they would use this is one of the top 5 every time, ASOS, boohoo, then it mixes with plt, nastaygal, top shop, fccn depending on age, which is staggering when you think this is £13m and they have sold for huge amounts more imho dyor

[af004] 04/2/2021 11:43

Offer coming? Hanging in to mine.

[freemo7] 04/2/2021 11:40

In Auction, is this just a reaction to lockdowns potentially being lifted, or does someone know something???

[csmwssk12hu] 04/2/2021 09:39

Yes again it’s in 12 month high territory also just announce U.K. expect to start reopening on 8th March

[awise355] 04/2/2021 09:23

Haha, looking good today

[velvetide] 04/2/2021 00:10

You're 5.5 minutes early this morning Mr Bot.