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Share Name Share Symbol Market Type Share ISIN Share Description
French Connection Group Plc LSE:FCCN London Ordinary Share GB0033764746 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.15 -2.05% 7.175 93,760 16:35:26
Bid Price Offer Price High Price Low Price Open Price
6.40 7.95 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 119.90 -7.30 -8.20 7
Last Trade Time Trade Type Trade Size Trade Price Currency
15:31:26 O 12,820 7.80 GBX

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Date Time Title Posts
07/8/202019:56*** French Connection ***1,485
03/2/202019:59FCUK ME IM SELLING IT274
20/2/201715:45FCUK ME IM BUYING IT541
02/12/201511:58FCCN Delicious @23p-24p6
05/1/201508:52Could this company come back into fashion?2

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French Connection (FCCN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:31:297.8012,820999.96O
09:33:216.4560,0003,870.00O
08:34:516.5020,9401,361.12O
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French Connection (FCCN) Top Chat Posts

DateSubject
10/8/2020
09:20
French Connection Daily Update: French Connection Group Plc is listed in the General Retailers sector of the London Stock Exchange with ticker FCCN. The last closing price for French Connection was 7.33p.
French Connection Group Plc has a 4 week average price of 5p and a 12 week average price of 4.30p.
The 1 year high share price is 39.10p while the 1 year low share price is currently 3.28p.
There are currently 96,612,934 shares in issue and the average daily traded volume is 110,084 shares. The market capitalisation of French Connection Group Plc is £6,931,978.01.
24/7/2020
07:47
netcurtains: OK dont know the full picture but here was a "better than expected" thrown into the mix and online up by 24%.. So for a share price as low as 5p I think we're getting a bit of a bargain. But who knows what the market thinks. Looks good to me. selected hi-light from update: " we have continued to operate our own websites in both the UK and USA, with sales up 24% over the last 15 weeks. In addition, we have continued to supply a number of the predominantly online wholesale customers during this period. Since the general reopening of stores we have seen a significant upturn in interactions with the majority of our other wholesale customers in the UK and Europe, who have now started to trade again. Over the lockdown period the collection of receivables from our supportive wholesale customers has been better than expected. " Sounds like the wholesale side has allowed them to get some cash flowing into the business (they are keeping quiet on numbers as it sort of is a trade secret)
22/7/2020
17:19
netcurtains: Kingfisher reported today. Did really well on HOME WEAR. Share price went up at least 12%. and of course the bad press BooHoo is getting is bound to help competitors like French Connection grab some extra sales...
22/7/2020
10:13
netcurtains: Re: The above EVE beds trading statement re "STRONG HOMEWARES MARKET".... You will note French Connections homeware also includes BEDDING: Https://www.frenchconnection.com/category/homeware/homeware.htm NET NET? Current Assets 54M Total Liabilities 50M NAV per share: in 2019 balance sheet 49p.... Current share price 6p (to buy)
10/6/2020
10:10
daagolme2020: With it now confirmed stores can open from the 15/06/2020 in the UK, I thought that may give a slight bounce in the share price. Looking at the website they have not given any indication of the store's opening up. (Are they a bit slow on the uptake?)
23/5/2020
09:25
davydoo: 48p? When have you ever seen a company acquired at that multiple of current share price in the history of the stock exchange? let alone a loss making business in a struggling field.
22/5/2020
13:11
daagolme2020: This announcement will be made hxxps://www.chroniclelive.co.uk/sport/football/football-news/newcastle-united-takeover-news-live-18292740 Followed by a buy out of French Connection Group by a Mr Mike Ashley The only question is what share price will he have to pay?
01/2/2020
10:27
irishlass2: French Connection FCCN updates the market - its strategic review is over and company no longer ina defined Sale Period. Share Price drops to 23p, valuing the group at £22.9m For comparison, FCCN sold Toast in 2018 for £23.3m, - and who had even heard of Toast? Co is undervalued imo, and would be pocket change for Mike Ashley to integrate into his new 'Frasers' department stores. Thing is they have a few residual, lingering retails shops that is creating a drag on the group. I contiue to hold as I think the founder was being too optimistic in the price he wanted for group, but a valuation of £20m when sales are around £120m seems absurd. 20th Sept 18 they had £13m cash bank balance
31/1/2020
10:51
the millipede: Zoolook, I agree with you. To be honest, I did not want a sale, especially one based around a share price of 35p ish. I want them to sort the stores out (either by turning the retail business around or by shutting the stores) and become a profitable business that delivers long term shareholder value, not a short term quick buck. So in that respect, with a sale now off the table, I am happier than I was yesterday. The share price fall says more people disagree than agree but am just using it as an opportunity to add. ATB TM
03/1/2020
21:03
paduardo: Another central London store shut. French Connection at 10 Argyll Street, Soho London, W1F 7TQ is closed. As far as I can tell it is recent (last 3 months) based on checking FCCN store locator page on wayback machine (internet archive)showing it as active in April 2019 and most recent customer reviews on google being 3 months ago. The store was advertised for rent by Savills in May 2019 (I am assuming when FCCN notified the landlord of their intention to vacate) at 400k per annum rent and 100k business rates (hxxp://retail.savills.co.uk/search/view/property/104692). I imagine, with the current state of retail, this is a reduction on what FCCN was paying. It was a small shop so would expect it to be lost making. Not on the same scale as Oxford street (which I estimate would have been closed to 5m per annum rent + business rates - see my earlier post on 8th of August 2019 with links showing annual rent in excess of 3m) but still will be helpful. Fingers crossed trading has held up and they report ok results. Even if the sale falls through I believe profitability is going to steadily improve as stores shut and the share price will rise.
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.
French Connection share price data is direct from the London Stock Exchange
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